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Among salespeople, order takers often represent products that have few options, such as magazine subscriptions and highly standardized industrial products.
<h3><u>
Explanation:</u></h3>
A sales person who only aims in getting new orders and will not take any actions regarding finding new customers or increasing the existing order frequency. He will not aim in the increasing of the sales that already exists. He aims only in money making process.
In the examples given, subscriptions of magazine and highly standardized industrial products are given. When considering these examples, the order takers will only take steps in getting new orders with a few options at their hands.
With compound interest on a principal of $5,000.00 at a rate of 8% per year compounded 1 time per year over 12 years is $12,590.85.
<h3>Compound interest</h3>
Given Data
Assuming a compounded interest approach
A = P + I where
P (principal) = $5,000.00
I (interest) = $7,590.85
Calculation Steps:
First, convert R as a percent to r as a decimal
r = R/100
r = 8/100
r = 0.08 rate per year,
Then solve the equation for A
A = P(1 + r/n)nt
A = 5,000.00(1 + 0.08/1)(1)(12)
A = 5,000.00(1 + 0.08)(12)
A = $12,590.85
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Merit employment system is a personal system under which public employees are selected for government jobs through competitive examinations and the systematic evaluation of job performance.
<h3>What is merit employment system?</h3>
The civil service, also known as the merit system, was established to ensure that hiring and retaining talented workers, as well as the selection and promotion of workers who provide public services and are paid with taxpayer money, are done so in a fair, unbiased, and competitive manner.
The concepts of the Federal Government's merit system are frequently understood as being created to guarantee fair and open hiring, competition, and employment processes devoid of political interference or other non merit elements. The deregulation of performance reviews and rewards has given agencies the power and latitude they need to manage performance well. Nevertheless, enhanced accountability is a side effect of delegating, deregulation, and simplification. The values of the merit system serve as a foundation for moral conduct and are essential to mission accomplishment.
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Answer:
The answer is "Option D".
Explanation:
The amount accrued in the pension system until now ![= 7500](https://tex.z-dn.net/?f=%3D%207500)
Danger or security account proportion ![= 20 \%](https://tex.z-dn.net/?f=%3D%2020%20%5C%25)
The percentage of the amount kept in a safe account ![(PV) = 7500\times 20\% = 1500\%](https://tex.z-dn.net/?f=%28PV%29%20%3D%207500%5Ctimes%2020%5C%25%20%3D%201500%5C%25)
Number of investment years owned by ![(n)=63-27=36](https://tex.z-dn.net/?f=%28n%29%3D63-27%3D36)
Risk-free return rate ![I = 3\%](https://tex.z-dn.net/?f=I%20%3D%203%5C%25)
Combined total amount up to age 63 (formula for the current value) = ![Present \ value\times (1+i)^n](https://tex.z-dn.net/?f=Present%20%5C%20value%5Ctimes%20%281%2Bi%29%5En)
![=1500\times (1+3\%)^{36}\\\\=4347.417492](https://tex.z-dn.net/?f=%3D1500%5Ctimes%20%281%2B3%5C%25%29%5E%7B36%7D%5C%5C%5C%5C%3D4347.417492)
The contribution is
a year and the employer corresponds with the same amount for the pension plan.
Total annual contribution ![= 2000+2000 = 4000](https://tex.z-dn.net/?f=%3D%202000%2B2000%20%3D%204000)
Risk-free or healthy account proportion![= 20\%](https://tex.z-dn.net/?f=%3D%2020%5C%25)
Amount invested annually ![(P) = 4000\times 20\% = 800 \ (Risk \ free)](https://tex.z-dn.net/?f=%28P%29%20%3D%204000%5Ctimes%2020%5C%25%20%3D%20800%20%5C%20%28Risk%20%5C%20free%29)
Annual deposit amount (n) for years![=63-27 =36](https://tex.z-dn.net/?f=%3D63-27%20%3D36)
Returns free of risk ![I = 3\%](https://tex.z-dn.net/?f=I%20%3D%203%5C%25)
An cumulative sum due to an annuity![= P\times \frac{(((1+i)^n)-1)}{i}](https://tex.z-dn.net/?f=%3D%20P%5Ctimes%20%5Cfrac%7B%28%28%281%2Bi%29%5En%29-1%29%7D%7Bi%7D)
Total amount accumulated in safe account
of annuity
![=4347.417492+50620.75541\\\\=54968.1729\\\\=54968](https://tex.z-dn.net/?f=%3D4347.417492%2B50620.75541%5C%5C%5C%5C%3D54968.1729%5C%5C%5C%5C%3D54968)