Answer: Agency by federal law
Explanation: An agency relationship is the relationship between the principal and agent, in which the principal gives the agent legal authority to act on his or her behalf while dealing with a third party.
Ratification, estoppel, operation of law and agreement are the ways through which such relationship can be formed.
Answer:
25 chairs per employee.
Explanation:
In this case labour productivity is the number of dining chairs per day over number of employees.
An average of 600 standard dining chairs were assembled per 6-day work week.
This means that, the number of dining chairs assembled per day is
The number if employees is 4.
Therefore the labour productivity of this operation is:
per employee.
Answer:
Zone Of Tolerance.
Explanation:
In our daily meetings with our customers, it is very important to remember that customer behavior, wants, needs, expectations are very fluid, so they depend on an immediate context, and this applies here. It would be a mistake to think that customers have some consistent rule let’s say they’ll only wait 5 minutes, that they apply to every single interaction.
Also there are some desired, perfect point, but around that point is a zone of tolerance in which all values are acceptable. Also the larger that gap, the more likely the customer will be dissatisfied.
The chief strength of this is that it explains something the expectation models do not know why customers return to companies where the service is bad.
Answer:
a. The demand curve facing a monopolistic competitor in a market where all producers charge different prices becomes less elastic when it engages in international trade - Disagree
This statement is not true. If a monopolistic competitor engages in international trade, it will meet more competition, meaning that the audience (demand) that it has is more sensitive to prices, because they have more options available.
b. According to the gravity equation, countries closer to each other trade more - Agree
The gravity equation tells us that the volume of international trade is correlated with geographical proximity and economic size. That is to say, the closer and larger two economies are, the more international trade they engage with each other.
c. The only gain from trade in monopolistic competition in trade is lower prices - Disagree
Gains are the most important in lower prices, but there are also gains in competitiveness and quality.
d. The closer to 1 the index of intra industry trade is, the greater the difference between exports and imports of the same goods. - Disagree
An index of intra industry trade of 1 indicates that the country imports and exports roughly the same amount for a particular type of goods (the goods that belong to that industry). Hence, the statement is not true.
It is false that many state governments claim a shortage of funds because there are unmet needs. It is false because of scarcity. Scarcity is a result from unlimited wants coupled with limited resources.
