Explanation:
Let us understand the term what is elastic & "inelastic".
Elastic: It is the change in the behavior of the buyer & the seller when the product price changes.
Elastic goods will always have an substitute.
Example: Books, pencil, Notebook, bread, etc,
Inelastic means: This is opposite of elastic. There will be same number of buyers when the price goes up or down.
Whether the price gets raise or lower daily we need food. So food is inelastic.
Eg. food, prescription drugs, and tobacco products
Answer:
A larger industrial and service sector, and a larger number of people working outside of agriculture, can indicate a higher level of industrialization in the economy and vice versa. This means that the size of industrial service and the sector of agriculture employment rate indicates the level of industrialization because if the agriculture employment is higher than the industrial service it means that the country is not fully developed yet and therefore the level of industrialization is lower. But if the industrial service is higher than the agriculture employment that suggests or indicates that the country is developing or developed. For example in the United States the size of the industrial/service sector is much larger than it's agricultural employment and therefore this should suggest that country is much more industrialized or developed and the United States is. In comparison you take a developing country such as Chad and you can see that the agricultural employment is higher than the size of the industrial/service sector and in relation to this you can see that Chad must have a lower level of industrialization and in fact it does.
Explanation:
Calling a face-to-face meeting with the employees is the best way that Hector can announce about change of the bonus structure.
Face-to-face meeting is a type of meeting where the participant of discussion are all present physically therein.
The major advantage of the Face-to-face meeting is that its allows effective communication and feedback from or among the participants
Therefore, the correct answer is Option B because it is the best way by which Hector can announce about change of bonus structure.
The missing options includes <em>"Héctor should send each employee a personal note, Héctor should call a face-to-face meeting with the employees, Héctor should send a companywide e-mail, Héctor should post an announcement in the break room, near the coffee machine."</em>
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Answer: Higgins should report this litigation as a contingent liability.
Explanation: A liability that is contingent upon an event, that is, dependent on a future event that may or may not happen is called contingent liability. Potential law suits, pending investigations are some of the examples of contingent liability.
A contingent liability will only be recorded if there is likely probability that the event on which such liability depends will occur and the amount of liability could be reasonably estimated.
Answer:
B. Are the performance measures fair?
Explanation:
In order to know whether the methods used by the system are acceptable to both the supervisor and employees, the best question Marissa can ask about the method used is if it is fair? Fair here indicates whether the supervisor or employees think the performance measures or method used isn't bias and shows no favouritism or discrimination. The level of fairness shows/determines the acceptability of employees on the performance measures.
