Answer:
Needs - $284.79, Wants - $170.87, Savings - $113.92
Explanation:
Just divide $569.58 in half, so $284.79 for needs.
Then, $569.58 * 0.30 = $170.87 for wants.
Lastly, $569.58 * 0.20 = $113.92 for savings.
To check your answer, add up all the amounts:
$284.79 + $170.87 + $113.92 = $569.58
Answer:
task environment
Explanation:
It can say that based on the information provided within the question this scenario illustrates a force present in the task environment of an organization. This term refers to different conditions caused by third party factors such as supplies and distributors that directly affect the organization as well as how successful it is in achieving it's goals. Which in this scenario the task environment component affecting them are their competitors.
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Answer:
A) Information asymmetry.
Explanation:
An information asymmetry can be defined as a situation where there is an imbalance of information between two parties in their knowledge of important points, factors and details. Thus, because one party has more information or knowledge than the other, this usually results in an inefficient outcome and or failure.
The theory of information asymmetry was developed and introduced by three (3) notable Nobel prize winning economists, namely; Michael Spence, George Akerlof and Joseph Stiglitz.
In this scenario, Matthew a divisional manager at Venus Inc. reports to the CEO of the company. Matthew has more employees working for him than required and he has not told the CEO about this, even though there are other departments that are in need of more employees.
<em>Hence, the concept illustrated here is an information asymmetry.</em>
Answer:
B) All final goods and services produced in an economy in a given year
Explanation:
That's the definition of GDP, gross domestic product. By virtue of the name, it's the total product (output) of a given economy. It's measured through the values of all final goods and services, so as to not count the same good or service twice.
Answer:
TRUE
Explanation:
The integration of countries from the same region into a trade bloc has the purpose of free movement of goods and services among lower-priced member countries. This is because from integration, countries give up tariffs and customs barriers, allowing products to be marketed to everyone at a lower cost, aiming at the common good. If countries use the same currency, the benefits of integration are even greater as they eliminate currency conversion costs.An example of this type of integration is the European Union, where products move freely between member countries and are sold in the same currency, the euro.