Answer:
(d) Board of directors
Explanation:
The board of directors is at the summit of a company's organizational structure. It is the most senior decision-making organ of a company. It is composed of a group of individuals elected to represent the shareholders. The board of director's main role is to give policy direction and oversight the top management.
The board of directors is a purely managerial body. It meets at intervals to discuss company affairs. The board of directors recruits the chief executive officer of the company.
Answer:
<em>The question option are:</em>
<em>1. For the current quarter what is the economy's income?
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<em>2. For the current quarter, what is the economy's expenditure?
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<em>3. In an economy, how are income and expenditure related?</em>
1. The economy's income for the current year is $450 because there is only one transaction that take place in the year worth of $450
2. The economy's expenditure of the current year is $450 because each transaction has two side. One is the Income, the other is Expenditure. The income is converted to expenditure.
3. In an economy, income and expenditure are related and they are equal. Each transaction has two side. One is the Income, the other is Expenditure. The income is converted to expenditure.
The answer is ‘not necessarily. Jerry has the ability to buy a new car, but we don't know if he also has the willingness to buy a new car.’ Because willingness goes hand in hand with this scenario. Many people has the ability to buy things since they have the money for it but unfortunately, the lack the willingness to buy something can affect this scenario. If he lacks willingness, he won't able to buy the new car. The question here is, is he willing to buy the car?
Answer:
The correct answer is letter "C": apply the assumption that people behave as if they act rationally with an aim to maximize utility.
Explanation:
The theory of rational expectations is mainly used in macroeconomics, with the idea that decisions of individuals will affect the future course of the economy. According to this theory, people's behaviors are based on <em>rationality, all the information that they have available, </em>and <em>past experiences.
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Some of the rational expectations theory's premises are that <em>people hold expectations that will be met, variables values (price, output, and employment) are taken into account, </em>and <em>individuals are always trying to maximize their profits.</em>
