Answer:
The lower than expected inflation would benefit the union and not benefit Friendly Airlines.
B. Variable inflation is associated with high transaction costs
Explanation:
Inflation is a persistent rise in the general price levels.
It was expected that inflation would increase by 3% and because of that expectation, wages were increased by 5%.
As it turns out, inflation only increased by 2%. If employers were aware that inflation would increase by only 2%, the increase in income would have been 4%.
As a result of this, the company ends up paying more to workers and workers and up earning more. So, the union benefits while the airline is at a disadvantage.
Because of the uncertainty of inflation, the union dedicates high amount of resources to monitor its movements. This shows that there is a high cost associated with the uncertainty of inflation.
I hope my answer helps you
Answer: best case Nvp $2,943,304,509.57
Worse case NVP
-$2, 601,609,39
Answer:
A. Transmissions manufactured in Alabama for Ford's range of Upper F minus series pickup trucks. B. School supplies purchased by a local school board.
Explanation:
The remaining two options are not considered in the calculation because GDP concerns the consumption of final goods by the public. C. Canned foods purchased by a grocery store. Here a store is the buyer, not a public consumption. D. Foot massages at spas in California. Here massages are not classified as a product.
Answer:
- Purchase of large-scale machinery to mold each case.-<u> Major Equipment
</u>
Major equipment are large scale type assets.
- Purchase of cleaning fluids for maintaining manufacturing equipment - <u>Supply </u>
Supply goods are bought to enable the company maintain their equipment.
- Purchase of accounting services for tax preparation - <u>Business Service</u>
They are services purchased to maintain the business.
- Purchase of bulk plastics to be molded into cases - <u>Raw Materials</u>
These are the commodity goods that will be used to make finished products.
- Purchase of multifunction laser printers for office use - <u>Accessory Equipment </u>
Accessory equipment are light in nature but are still needed to help in the operations of the business.
- Purchase of leather straps to be fastened to finished cases - <u>Component Part</u>
- Purchase of plastic glues to attach decorations to finished cases - <u>Process Material</u>
These are products that will be used in the production process.
