I think the correct answer would be false. The automobile will remain the primary source of transportation. As we can see today, almost all of the people use automobile to go to different places. As we see in the road, different vehicles are present. Also, the automobile industry, recently, is a booming industry. We have different models, colors, brands and specifications of the vehicles. I think the use of automobiles as the primary source of transportation would still go for many years as it is the most convenient and comfortable transportation as compared to others like bicycle, train and motorcycle.
That statement is true
When your interest and personality match the business, you would most likely would enjoy what you do in the business. When this happen, you would most likely put more work hours since you fell little to no boredom in doing your job, which would improve your success rate.
Answer: False
Explanation:
When the government subsidies production of a good, it leads to a rise in the supply of the good. The supply curve shifts down to the right leading to a <em>fall in the price level</em>. But the <em>equilibrium quantity increases</em>.
Thus, the given statement is false that if the government decides to subsidize the production of a good, the result would be a decrease in the equilibrium price and a decrease in the equilibrium quantity.
Answer: $3 million
<span>Opportunity cost is the cost of choosing one alternative (10% rate of interest in the bank) over another ($2 million in accounting profit) and missing the benefit offered by the forgone opportunity. Opportunity cost is the benefit that the manufacturer could have received, if he will invest in the bank but gave up, to produce pencils instead. In this case, it is 10% of $30 million which is $3 million.</span>
Answer: False
Explanation:
Using planning experts to help store managers develop their own plans does not fall under contingency planning which as the term implies is done to prepare for a situation that may or may not happen.
The situation explained goes along more with DECENTRALISED planning where departments or components are given greater freedom over their own operations which is what top management at Multimarkets is doing by allowing store managers develop their own plans.