Answer:risk control
Explanation:Risk control is a step in the hazard management process. It involves finding a way to neutralize or reduce an identified risk.
Risk control begins with a risk assessment to identify the presence and severity of workplace hazards. Employers must then implement the most effective controls available.
In order of effectiveness (from most effective to least), risk control methods include:
Elimination: removing the risk entirely
Substitution: swapping an item or work process for a safer one (for instance, switching to an industrial cleaner that poses fewer respiratory risks)
Engineering controls: modifications to the environment or equipment that poses the risk (such as installing mirrors in warehouses or machine guards on circular saws)
Administrative controls: modifications to the workflow or work process (for example, rotating employees through several different work tasks to prevent repetitive stress injuries)
Personal protective equipment: safety gear worn by the workers, such as hard hats, safety glasses, and chemical-resistant gloves
Answer:
B) There is an inflationary gap, and contractionary fiscal policy is appropriate.
Explanation:
One of the macroeconomic cases is inflationary gap. It means that the difference between the current level of real gross domestic product (GDP) and the predicted or forecasted GDP that would be experienced and achieved if an economy is at full employment. It could be claimed that when the demand for goods and services gets over the production in the factors such as: higher levels of overall employment, increased trade activities or increased government expenditure.
In order to overcome this gap, the contractionary fiscal policy must be considered. The mechanism of that policy is to increase the taxes decrease the government expenses due to inflationary pressures. This policy consequently will affect the level of consumption and private investment, respectively, these also will decrease the real GDP.
Other concept of macroeconomics is recessionary gap. In comparison to inflationary gap, this concept indicates the economy operating at lower level than its full equilibrium level, in turn, the level of real GDP is also less than full equilibrium level. We used to see this situation when the economy was intending to recess.
In order to overcome this gap, the expansionary fiscal policy will work well. Because of decreasing taxes and increasing government expenditures, the recessionary gap can be fought anymore. Since the taxes decreases, the business will revive and the confidence to the investment will increase, as a result the GDP will rise. Moreover, the growing government expenditures will stimulate the GDP to accrue.
To summarize, according to the question we need the gap in which the economy is above of potential, this means inflationary gap. Following this finding, the contractionary fiscal policy will be solution.
Local Technology is an IT services company focused on building businesses through leveraging the best technology solutions.
Answer:
Purchase= 14,500 pounds
Explanation:
Giving the following information:
the total pounds needed for production in the current period is 14,000. Beginning inventory= 2,000 pounds
Desired ending inventory= 2,500 pounds
To calculate the direct material purchase, we need to use the following formula:
Purchase= direct material for the period + desired ending inventory - beginning inventory
Purchase= 14,000 + 2,500 - 2,000
Purchase= 14,500 pounds
