Answer:
Economic factors directly impact business and are essential factors that can help or impede the organisation in accomplishing its targets. Financial factors that ordinarily influence organizations to incorporate wages, loan and banking transactions. Overall, micro and macroeconomic both factors play a crucial role in predicting and forecasting business dealings and there long-term stability and growth.
Explanation:
Some of the significant economic factors that influence businesses directly are exchange rate, interest rate, unemployment rate, inflation rate, monetary policy, fiscal policy, taxes and many other micro and macro variables factors undertake a critical job in assessing how the business will perform in long- run and how much profits they will make.
Interest rate directly affects the loan ratio, which is linked with banking transactions. Those businesses which are associated with banks and rely heavenly on taking out large loans are affected by the economic decision regarding interest rate fluctuations. The exchange rate has diverse effects of business; however, they significantly affect business which is linked with import and exports. Changing exchange rates may influence how a lot of an organization needs to pay to its global partners to fulfil them, which can influence overall revenues.
Taxes are an essential element of fiscal policies of the government which affect business, and usually, organisations make decisions by predicting next year’s fiscal policy. Increase in taxes negatively affects the revenue generation of businesses, and it affects their profitability. On the other hand, an increase in the gross domestic product (GDP) of a country positively affect businesses, and it helps businesses to go domestically, and globally it provides locals with job opportunities and more wealth generation for businesses. Furthermore, economic policy is also strongly linked with another all factors and play a vital role in overall business growth or decline in a country. In general, economics is an essential factor which can influence organizations. Although they relate to the economy on a broader scale, they significantly affect the inward activities of every business and organization.
Answer: Option A
Explanation: In simple words, human capital refers to the economic value of an individual employee to the organisation in which he or she works as based on the skill sets and experience that he she possess.
The economic value can be created using various tools like education, training, good health or loyalty etc. Human capital is considered as an intangible asset but is not recorded in the balance sheet of the company as it cannot be quantified.
However, it is considered as the most important asset because the effective use of other resources depends on the human capital of an organisation.
Answer:
a requirements contract.
Explanation:
A requirements contract is made between a company and one of its suppliers or vendors. In that contract, the supplier or vendor agrees to supply a certain amount of goods or services that the company requires, in exchange the company will only purchase the goods or services from that specific supplier or vendor.
Any type of government-funded program, such as health care, social assistance, unemployment benefits, payments to banks, and national military, can have an impact on government spending.
What is government?
The term "Government" is legal authority or system which is controlled by office, public sector, country and state.
The government's main objectives are to increase the macroeconomic supply side, which includes spending on things like education, health care, and training to increase labor productivity as well as providing subsidies to help people financially.
Government spending has a negative impact on the economy because it drives inflation by raising living expenses through subsidies. Demand is artificially raised by government subsidies.
As a result, factors including health, social services, unemployment benefits, etc. may have an impact on government spending.
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Answer:
A) Analogous Estimation
Explanation:
Analogous Estimation is the process of comparing past costs and expenses of projects to make estimations for the current projects. This is usually used when there is data limitation for accurate estimations on the current projects.
Parametric is where a unit rate is devised to calculate project costs comprising of several units.
Bottom up estimation deals with estimating smaller cost components and then using the sum of these components to make larger estimates.
Option D is based on rough estimates on the time and effort required for a project.
None of the other options thus take into account past work other than the analogous estimation technique.
Hope that helps.
