Answer
A. High interest rate and long time period conditions will maximize the amounts of interest you earn.
Explanation
When interest rates are high, there will be a higher increase from the savings and money invested that was first placed. Continuation of such a condition will in the long run caused an accumulation of the added interest thus making it to keep growing larger if not withdrawn.
Based on communication strategy, the skill that is considered the cornerstone of effective communication is known as "<u>Listening</u>."
This is because effective listening forms the foundation of effective communication.
With effective listening, a recipient or responder would make the proper reply or response to the sender.
Without proper listening, arguments may arise in the communication process, or difficulty in understanding may occur among parties to a specific communication process.
Hence, in this case, it is concluded that the correct answer is "<u>Listening</u>."
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The given statement is False.
Diversity in work groups can create conflicts, so managers should try to minimize diversity when assigning new people to teams, is a False Statement.
Explanation:
Diversity means a whole range of diverse or different things. Diversity can be defined as the state of being diverse. Diversity is a concept which emphasizes that concept that every person is different and unique in his or her own way and we all should respect the differences between people.
People can be considered diverse on the basis of
- Ethnicity
- Race
- Gender
- Age
- Physical Abilities
- Cultures
- Status
- Religion
- Political beliefs, etc.
So when people with diversity come together to work with each other, they may share different opinions on the basis of their different backgrounds and the final result will be a sure success. So managers rather prefer to make teams of people with diversities.
Learn more about diversities at:
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Answer:
The the elasticity of demand for biscuit is <u>-0.33</u>.
Explanation:
Elasticity demand is the degree of responsiveness of quantity demanded for a commodity to a change in the price of that commodity.
The elasticity of demand for biscuit can be calculated using the following elasticity of demand formula:
Elasticity of demand = Percentage change in Qd / Percentage change in price .................. (1)
Where Qd denotes quantity demanded.
Percentage change in Qd = [(New Quantity - Old Quantity) / Old quantity] * 100 = [(200 - 300) / 300] * 100 = -33.33%
Percentage change in price = [(New price - Old price) / Old price] * 100 = [(N500 - N250) / N250] * 100 = 100%
Substituting the values into equation (1), we have:
Elasticity of demand = -33.33% / 100% = - 0.33
Therefore, the the elasticity of demand for biscuit is <u>-0.33</u>.
Note that since -0.33 in absolute term |-0.33| is less than 1, the demand for biscuit is inelastic. That is, the change in the quantity demanded for biscuit responds less than the change in its price.
