Answer:
d. a letter to a customer denying a request for credit.
Explanation:
Routine messages are part of a business' daily operations; It communicates the what, who, where and when elements of operations. They are usually simple and positive requests for information or action by one person to another, daily meeting with coworkers, new updates and instructions as well as replies to customers. Among the choices given, a letter to a customer denying a request for credit is not part of it.
Answer:
Lean production
Explanation:
Lean production refers to the management approach in which the company reduced its cost or do cost cutting so that it can improve the quality of their product and services. It is applied to each level each department of management like - design, production, etc
In the given situation, Calvin Manufacturing reduced their setup times that results in improving their quality control measures
So this situation represent the lean production technology
Answer:
the answer is false
Explanation:
it's tedious to copy everything a speaker says. you should paraphrase in your notes, and get the most important points.
Answer:
a) 8%
b) 5%
c) 4%
Explanation:
Given:
Growth in real GDP = 3%
Growth of money stock = 8%
Nominal interest rate = 9%
Now,
(a) As per Classical Quantity Theory of Money
Money Supply (M) × Velocity (V) = Price level (P) × Real GDP (Y)
also,
Nominal GDP = P × Y
Change in M + Change in V = Change in P + Change in Y
Since,
V = Constant
thus, Change in V = 0
Change in M = Change in P + Change in Y
Change in P + Change in Y = Change in Nominal GDP = Change in M
thus,
Change in Nominal GDP = 8%
(b)
8% = Change in P + Change in Y
8% = Change in P + 3%
Change in P = Inflation Rate = (8 - 3)% = 5%
(c) Real interest rate = Nominal interest rate - Inflation rate
= (9 - 5)%
= 4%
