If sales volume increases and all other factors remain constant, then the Margin of safety will increase
Explanation:
The margin for safety (MOS) is described as an overall excess of current or expected revenue, expressed either in terms of currency or in units, or as a percentage of total revenues.
One of the main ways to increase the safety margin is through increasing the gross value per unit (if business conditions are favourable) and by reducing the variable cost per unit of the good. This can be accomplished by rising selling costs.
Answer:
1. True: Every organization needs some degree of flexibility and standardization.
2. True: Being overly committed to following rules can harm an organization and keep it from growing.
3. flexibility; standardization.
Explanation:
It is really important and necessary that all organization have some degree of flexibility and standardization. Every organization is expected to be flexible, in order to be able to effectively manage potential changes or challenges that arises in business. They should also be standardized, by having proper policies, strategies and structure for the purpose of running the business smoothly and efficiently.
However, if an organization is overly committed to following rules, this can cause harm to it's business operations and thereby hindering its growth and development.
Hence, some degree of flexibility is needed in every organization in order to adapt to new situations or some degree of standardization to make routine tasks and decisions as efficient and effective as possible.
Given that this is a simple economy, the simple GDP therefore will be given as: The sum total of all the products purchased in a given period by the households.
<h3>What is the calculation for Simple GDP?</h3>
The simple GDP of the economy described above is given as:
Product Quantity x Prices ($) = Revenue ($)
Sweaters 50 15 750
CDs 10 10 100
Sugar 200 0.9 180
Soft Drinks 400 0.75 <u>300</u>
Nominal GDP (Total Revenue) <u>1,330</u>
Hence the nominal GDP = $1,330
<h3>
</h3><h3>
What is the GDP Deflator?</h3>
Recall that the price of key items on the list had increased by 50%, hence the deflator is:
The ratio of base year to current year =
805/1,330
= 1,652174
≈ 1.65.
<h3>What is Real GDP?</h3>
Real GDP is given as:
R = N/D
Where R = Real GDP
N = Nominal GDP
D = GDP Deflator
Hence,
R = 1,330/1.65
Real GDP = $806.060606061
≈ $806.06
Learn more about GDP at:
brainly.com/question/1152672
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It would be true, because the description rely on the duties and specifications.
Answer:
Mixed economics place some limits for safety and society.
Some traits most mixed economies have in common:
-they generally protect private property
-they generally allow for demand and supply determine price
-the economy is usually driven by private self-interest and incentives.
