Answer:
The correct answer is: ratio of consumption to income.
Explanation:
The average propensity to consume is a measure to show the percentage of income that is spent on consumption of goods and services. It is calculated by the ratio of consumption and income.
It can also be calculated as 1 - APS. Here, APS is the average propensity to consume which is the ratio of savings to income.
Answer:
Franchise
Explanation:
This is a business arrangement where the owner of a successful business gives the right (through special business and legal arrangement) to another, to run such business in a specified location using his brand name in accordance with agreed terms and conditions. Under this arrangement, technical support and training are always provided by the franchiser.
The franchisor charges the franchisee a fee for the right which in most cases is periodic. The franchise is renewable.
Answer:
Allworld Insurance
1. Mission Statement
2. Tactical
3. Strategic
4. Operational
Explanation:
(A) Tactical plans include specific actions to enable the achievement of company-wide strategies.
(B) Mission statement describes the goal of an entity. For example, a mission statement can describe an entity as renowned for its efficiency and cost reduction for its customers.
(C) Operational plans cover daily and routine activities at the individual level of the organization.
(D) Strategic plans embrace the whole organization and establishes how organizational goals will be achieved.
Answer:
n= 39.49 years
Explanation:
Giving the following information:
Present value (PV)= $2,600
Future value (FV)= $4,375
Interest rate (i)= 0.33/100= 0.0033
<u>To calculate the number of years, we need to use the following formula:</u>
n= ln(FV/PV) / ln(1+i)
n= ln(4,375/2,600) / ln(1.0033)
n= 157.96/4
n= 39.49 years
