Answer:
d
Explanation:
A change in price leads to two effects :
- The income effect
- The substitution effect
The income effect is the change in quantity demanded as a result of a change in real income which affects the consumes purchasing power.
A car constitutes a very large part of a consumers expenditure due to its cost. Thus, the income effect for a car would be the largest
The substitution effect is the change in demand as a result of change in the price of the good compared to the price of another substitute good.
Answer:
Will switching to a perpetual inventory system strengthen Triple Creek Hardware’s control over inventory items?
- Yes, a perpetual inventory system provides updated information about inventory levels and costs. Since it is updated immediately, many of the company's problems could be solved, e.g. you can place an alert for minimum inventory levels on certain products and you can determine if the stocks of low sellers are too high.
Will switching to a perpetual inventory system eliminate the need for a physical inventory count?
- It will not completely eliminate the need to carry out a physical inventory, but it should reduce it substantially. Also, you can carry out a random physical inventory for certain products only. If the physical count shows that there are problems with the registered inventory, then you can carry out a complete physical count.
There technically is no age or limit but some people say 18.
Answer:
CPI in 2020 =142.7
CPI in 2019 = 100
Explanation:
Inflation is the increase in the general price level. Inflation erodes the value of money.
<em>Consumer Price Index(CPI ): This is the weighted average price of a basket of goods and services consumed by a typical consumer. It is used to measure the rate of inflation.</em>
The increase in the CPI is taken to be the rate of inflation. For example, the CPI rose to 1.09 from 1.00, this implies an inflation rate of 9% within the time period in focus.
The CPI =
The price of a basket of goods in a current year ÷ Divided by the price of a basket of goods in a base year
The consumer price
CPI in 2019 = (1000× $2) + (100× $50) + ( 500× $$0.10)= 7050
CPI in 2020= (1000× $2.50) + (100× $75) + ( 500× $$0.12)=10,060
CPI in 2020 = 10,060/7050× 100 =142.7
CPI in 2019 = 100
CPI in 2020 =142.7
CPI in 2019 = 100
Note , we assume the CPI for 2019 is 100, since we were not provided with data to compute the price of a basket of good in 2018
These procedures are considered <u>structural inhibitors</u>.
Lack of clarity may also avert effective crew collaboration. Without clearly described roles, timelines, and performance desires, group members do no longer recognize what is anticipated of them. They also regularly manipulate a couple of variations of the same records and reinvention of labor which can be a waste of time and effort.
Believe is one of the constructing blocks of high overall performance teams and proper collaboration. Without it, there's an absence of appreciation for one another's work and a disorder that erodes self-assurance and works in opposition to authentic collaboration.
The four approaches to Collaborating suggest, that there are four primary modes of collaboration: a closed and hierarchical community (an elite circle), an open and hierarchical community (an innovation mall), an open and flat community (an innovation network), and a closed and flat network (a consortium).
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