Freedom of individual choice is possible to the extent that the market provides options for work, developing a business, and purchasing goods and services (so long as you can afford them).
Hope this helps :)
<u><em>Explanation</em></u>:
<u>Question 1.</u> These options apply;
- Create a culture of innovation by inviting and expecting employees to contribute new ideas.
- Hire people with new skills and perspectives and train current employees on new skills.
- Restructure the organization to be more customer-centric and make work processes more efficient.
<u>Question 2.</u> These options apply;
- Think about new possibilities for the organization.
- Spend a good deal of time determining what the problem is and find out what caused it.
- Create deadlines and checkpoints for solving the problem
<u>Question 3</u>
B. slow moving and stable
<u>Question 4</u>
D. incremental
<u>Question 5. </u>
D. made a proactive change
From the calculation below, the net present value of the bottling machine is -$3,053.38.
<h3>Calculation of net present value</h3>
The net present value of the bottling machine can be calculated as follows:
Present value of annual net annual cash flows = Annual net cash flows * ((1 - (1 / (1 + Discount rate))^number of years) / Discount rate)
Present value of annual net annual cash flows = $45,800 * ((1 - (1 / (1 + 12%))^11) / 12%)
Present value of annual net annual cash flows = $45,800 * 5.9376991325097
Present value of annual net annual cash flows = $271,946.62
Therefore, we have:
Net present value of the bottling machine = Present value of annual net annual cash flows – Machine cost = $271,946.62 - $275,000 = -$3,053.38
Learn more about net present value here: brainly.com/question/13031140.
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Answer and explanation:
Demand elasticity measures the changes in quantity demanded as the result of changes in price. Demand elasticity is calculated by dividing the percentage change in quantity demanded by the percentage change in price. If the result is equal or higher than one (1) the product is <em>elastic </em>but if the result is lower than 1 the product is <em>inelastic</em>.
In the case, <em>as the elasticity of demand of the museum ticket is 0.45 it means the museum tickets is inelastic. This scenario implies that in front of changes of price the quantity demanded will not change. Thus, as a curator of the museum you should </em><u><em>increase the museum ticket price to increase revenue</em></u><em>.</em>
