Jamal is using <u>markup percentage</u> to calculate the cost of production and add a percentage.
<h3><u>Explanation:</u></h3>
When the company provides either goods or services, there are factors that need to be considered during pricing. These factors include the profit the company wishes to generate, cost of production and many more. Markup is the difference between goods or services selling price and the its original cost and it is represented as a percentage.
The markup provides the manufacturer or service-provider with profit since it is the amount added to total cost of the goods or services. The significance is to ensure that the company can make a decent gross profit.
The normal rate of return on equity capital is also known as the opportunity cost of capital
A person, similar to most other people, in the situation given above will choose confirmation bias because of the loss aversion.
<h3>What is confirmation bias?</h3>
The general human tendency to decide or favor with a particular thing in such a way that there are no chances of losing, and it guarantees or confirms a benefit, is known as a confirmation bias.
Hence, options A-1; B-2 hold true regarding the confirmation bias in the given situation.
Learn more about confirmation bias here:
brainly.com/question/13044778
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By simplifying work and increasing output per worker is this approach to job design most likely to help Clean N Green
Explanation:
Job design is the organisation of work into the tasks necessary to perform a certain task. Job design includes conscious efforts to organise tasks, assignments and duties into some kind of unit of work to reach certain goals.
It is achieved by facilitating specialisation across simplified work, which in turn increases efficiency.
Due to the fact that job simplification makes employment routine, monotonous and boring, workers are eventually disliking the job, thereby increasing absenteeism and turnover.
Answer:
The term “free market” is sometimes used as a synonym for laissez-faire capitalism. When most people discuss the “free market,” they mean an economy with unobstructed competition and only private transactions between buyers and sellers.
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