Leila's action is an example of delegation. Delegation is being defined as a responsibility by which it is being assigned to another person by means of having to carry out a specific duty. This is considered to be a core concept in regards to the management leadership.
Answer: Consumer price index (CPI) is weighted price index of basket of good that a consumer purchases each month. CPI is fixed in nature. It is an economic indicator. A rise in CPI indicates consumer inflation rate. The are type of bias that effects the measurement of CPI are: substitution bias, quality bias and outlet bias.
Explanation: Following are the bias:
- <u>Substitution Bias</u>- it arises when prices in the consumer basket increases and consequently low price alternatives or substitutes are opted by the consumer. As we know CPI is fixed-weight price index so the impact is not predicted accurately.
- <u>Quality bias</u>- It arises when any increase in technology increases the quality life of a product. Constant change in the quality of the product again does not reflect in consumer price index.
- <u>Outlet bias</u>- consumer shifts to new places or outlets as per their taste and preferences which is again not well represented by the CPI.
<span>a hypothetical closed economy in which households spend the eDollars</span>
Answer:
B. make the consumer equally happy.
Explanation:
An indifference curve can be defined as the graphical representation of two products (commodities) that gives a customer equal utility and satisfaction and as such making him or her indifferent about them as they are equally happy.
Hence, an indifference curve shows the various bundles of goods that make the consumer equally happy.
<span>When you are buying a car, the advance esteem depends on the whole cost of the car, less your up front installment and exchange esteem. With the auto rent, you just pay the contrast between the auto's cost and what it's required to be worth toward the finish of the rent, which is known as its remaining quality.</span>
