Answer: B. is more price elastic in the long run than in the short run because in the long run a substitute for crude oil may be found
Explanation:
The Demand for Crude oil is more elastic in the long run than in the short run because in the long run a substitute for crude oil may be found.
Crude oil is more elastic in the long run because consumers have enough time to find substitute products for crude oil. Price elasticity of demand in the short run is low because consumers donot have sufficient time to look for substitutes , they donot have much of a choice but to take whatever price is charged by producers of crude oil
The type of employee that would most likely be satisfied and perform at a high level is motivated employee.
<h3>Who is
Hackman and Oldham?</h3>
Richard Hackman and Greg Oldham developed a model which itself motivates employees for the jobs.
The model focuses on the perspective that if the job is not monotonous, it can motivates the employee and would not feel discouraged to work.
Hence, the type of employee that would most likely be satisfied and perform at a high level is motivated employee.
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Explanation:
Setting specific, measurable career development goals can help you get to the next level in your career. While developing a career plan can entail a significant amount of work, it will pay off in helping you to understand where you want to go with your career next and what you need to do to get there.
Creating and implementing an employee career development plan allows you to feel motivated at work, even if you haven’t found your dream job just yet, because it helps you to make concrete plans to get there.
Here, we define a career development plan template and outline five steps to easily and efficiently make an individual development plan for yourself.
The blank space has been correctly filled below:
- The contribution margin income statement allows users to easily judge the impact of a change in <u>selling price, cost, or volume</u> on profit.
The contribution margin income statement is an evaluation of a former sales period. Entrepreneurs use this procedure to determine whether they made a profit or loss during the period.
After their evaluation, they realize the operating income or net income. The contribution margin is generated using this formula,
Net product revenue - Total variable cost ÷ product revenue.
A proper understanding of the fixed and variable costs is essential to accurately calculate the contribution margin.
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Answer:Economic activities are those activities of man which are undertaken for earning money. Whereas non economic activities are those activities that are not undertaken for any monetary gain.
Explanation:
