An inferior good is a type of welfare whose demand decreases when consumer income increases or demand increases when consumer income decreases. Therefore, if a consumer considers shirts to be inferior goods, the way he will stop consuming it will be when there is a real increase in his income.
In the case narrated, Alex had an increase in salary and remained working for the same number of hours. This means that with the same job, he will have a higher income, meaning there was a real increase in Alex's income. If he considers the $ 3 shirts a much lower asset, he will lessen the demand for it.
Explanation:
A code of ethics can be defined as a set of rules and guidelines that exist in an organization to regulate the behavior and actions of all employees.
Therefore, there is no way to guarantee that only a formal and written code of ethics is necessary for managers and employees to actually practice ethical behavior.
What will define whether the code of ethics is really implemented in the company is its conduct and positioning in the internal and external environment. There is a way for a company to be unethical and have a complete and not exercised code of ethics.
Therefore, for the organizational culture to be based on the values set out in the code of ethics, it is necessary to have strong ethical leadership, as the leader is responsible for motivating and guiding the actions of employees based on their own example, then in the long term , it can be said that an ethical leadership would be more impactful for the formation of the shared values that form the organizational culture.
Answer:
$92,8571.7937
Explanation:
The computation of the amount after 40 deposits is shown below:
= (((1 + interest rate)^number of years - 1) ÷ interest rate)× principal
= (((1 + 0.06)^40-1) ÷ 0.06) × $6,000
= $92,8571.7937
We simply applied the above formula and the same is to be considered
We considered all the things given in the question
Answer:
Project S = $672.48
Project L = $11,500
Explanation:
Net Present Value (NPV) Is Calculated by Taking the Present day (Discounted) Value of all future Net Cash flows based on the Business Cost of Capital and Subtracting the Initial Cost of the Investment.
Using a Financial Calculator NPV calculations will be as follows:
Project S
CF0 = ( $11,000)
CF1 = $3,400
CF2 = $3,400
CF3 = $3,400
CF4 = $3,400
CF5 = $3,400
i = 14 %
NPV = $672.48
Project L
CF0 = ( $23,000)
CF1 = $6,900
CF2 = $6,900
CF3 = $6,900
CF4 = $6,900
CF5 = $6,900
i = 14 %
NPV = $11,500.
The appropriate response is pictorial graph. A pictograph utilizes picture images to pass on the importance of measurable data. Pictographs ought to be utilized painstakingly on the grounds that the diagrams may, either incidentally or intentionally, distort the information. This is the reason a diagram ought to be outwardly precise.
