On an organization's board of directors, inside directors <span>may be members of the firm; outside directors </span><span>are supposed to be elected from outside the firm.</span>
The board of directors is responsible for keeping the organization’s vision, mission, and strategic planning goals. Duties of boards include: <span>choosing the CEO, approving major policies, making major decisions, overseeing performance<span>, and serving as external advocate.</span></span>
Answer:
if a change in the price of the good brings about a much smaller change in the quantity demanded for the good.
Explanation:
<em>The price elasticity of demand is a measure of the change in the demand for a good in relation to a change in the price of the same good. </em>Mathematically, the price elasticity of demand for a product is represented as:
Price elasticity = change in the quantity demanded/change in price
The value of price elasticity of demand ranges from 0 to infinity. The price elasticity of demand is
- relatively inelastic when the value is less than 1,
- unitary elastic when it is equal to 1,
- relatively elastic when it is greater than 1,
- perfectly inelastic when it is equal to 0, and
- perfectly elastic when the value is infinity.
<u>Less elastic price elasticity of demand is equivalent to relatively inelastic price elasticity. This thus means that the price elasticity of demand is less than 1; a percentage change in the price of the good brings about a disproportionately smaller percentage change in the quantity demanded for the good.</u>
Answer: Macro, External
Explanation:
Macroeconomics effect the entire world, while it scrutinizes the external forces that affect the company.
Answer:
the ending inventory using the FIFO cost flow assumption is $282,900
Explanation:
The computation of the ending inventory using the FIFO cost flow assumption is shown below;
But before that first we have to determine the ending inventory units i.e.
= 280 + 380 + 480 + 290 - 1,200
= 230 units
So, the ending inventory is
= 230 units × $1,230
= $282,900
Hence, the ending inventory using the FIFO cost flow assumption is $282,900
Answer:
to get stronger and have more power
