Answer:
c. $150.
Explanation:
the extra amount of hours Maurice can work taking a flight will be of 5 hours
(8 hours taking a plane against 3 hours if driving)
As the income per hour is 30 dollar it can generate;
5 hours x $30 per hour = $150
Maurice will only travel by plane if it generates the same or more income than the driving thus, a differencial price of less than 150 dollars will provide Maurice with a net gain. Also we should consider that if Maurice drives his car it is taking a depreication hit per mile while driving that is being ignoer to keep the assignment simple. But considering that the amount of differential income could be higher than $150
Answer: Option C
Explanation: Foreclosure is something that occurs if the mortgage is not paid by a borrower. In fact, it is a judicial process through which the person relinquishes all ownership rights.
If the owner is unable to settle off the outstanding loans or sell property through a short sale, then the estate will go to an exchange for foreclosure. If the estate does not sell then, it will be taken over by the lender.
When a lender loans you money without any collateral (credit card debt, for instance), it can take you to court for failure to pay, but it can be very hard to collect money from you.
Lenders often sell this sort of debt to outside collection agencies for pennies on the dollar and write off the loss. This is considered an “unsecured loan.”
Answer:
The answer to this question is C. Training and Development
Explanation:
Assigning Jack to a virtual mentoring group to learn about the culture of ACME global is an example of how social media helps business.
Before resumption of duties, the New employees alongside Jack would have been familiarized with the environment they will be working in and would have been exposed to some required knowledge they are suppose to have about their jobs and about the organisation itself.
Hence the scenario above is an example of how social media is used in Training and Development
To keep prices low than you’re going to need to use cheaper materials. Also you’re going to need to have less staff. If you’re spending more money than you’re making than you’ll go out of business. Invest in advertising as well.
Answer: The law of demand States that as price falls, quantity demanded increases and vice versa. (A).
Explanation:
In Economics, the law of demand states that all other things being equal; as the price of a good or commodity or service increases (↑), the quantity of the good/service demanded declines (↓); also, as the price of a good/service declines (↓), the quantity demanded increases (↑).
In other words, the law of demand shows an inverse relationship between the price and quantity demanded of a good/service.
Consequently, other things being constant, the quantity demanded of a good/service is inversely proportional to the price of the good/service.
For example if the price of a luxurious car falls it would motivate the buyers to rush to get a car. This law of demand is also used by marketers to attract buyers by the use of discount on goods.
