Hugo Munsterberg believed that psychologists can contribute to industry by devising management strategies to influence employees to follow management's interests.
<span>According Munsterberg psychologists can study jobs and determine which people are best suited to specific jobs and can identify the psychological conditions under which employees do their best work. </span>
Answer:
If the marginal cost of a gallon of milk increases, how will the household respond?
C. The household will continue to consume the same amount.
Explanation:
The increase in the marginal cost of a gallon of milk will not greatly alter the quantity of milk consumed by a typical household. At this initial point when the marginal cost of a gallon of milk increases, the household is not affected because the seller has not shifted the cost to consumers. Even when the marginal cost increase is shifted to the consumers, the quantity required by the household remains the same. What may likely change at that stage is that the price at which the a household buys a gallon of milk increases marginally. The marginal increase will not distort demand for milk but households can change brands and not the quantity of milk, or at worst, they pay a higher price for a gallon.
Answer:
The options which is NOT correct is C.
Purchasing power does not increase with inrease in the rate of inflation. There is an inverse relationship between inflation and purchasing power of money.
Explanation:
Inflation refers to the overall increase in prices of goods and services and the erosion of the power of the currency to purchase those goods and services. In otherwords, when inflation happens, one requires more dollar bills to purchase same unit of goods or services.
Deflation is the opposite of inflation. It refers to the decrease in the prices of goods and services and is usually accompained by an increase in the purchasing power of the currency.
Nominal interest rate simply put is the interest payable on a loan without considering processing fees, compounding interest payable and the erosion of the value of such money.
Cheers!
Answer:
$32,100
Explanation:
We know that
Total assets = Total liabilities + Shareholder equity
Where,
Total assets = Cash + supplies + equipment
= $30,000 + $600 + $10,000
= $40,600
And, the total liabilities would be
= Account payable
= $8,500
So, the amount of equity would be
= $40,600 - $8,500
= $32,100
Answer:
The suggestion from Donna would be <u>Limited Partnership</u> business structure.
Explanation:
Limited Partnership is the type of partnership where the business entities are authorised by the state. In this partnership, there is atleast one general partner who is involved in the day-to-day running of the business while the other partner(s) provides money but do not contribute towards the day-to-day running.
<em>This is the most common for partners who only want financial returns in a business rather than being bugged down with the debts and liabilities associated with the business.</em>
