Using the steps required to problem solving, once Sam as been able to recognize the problem, then the next thing he has to do is define the problem in detail.
- Before a solution to a problem can be achieved, it is imperative to be <em>aware what the problem</em> is and then find a way to approach and solve them.
- As a the manager, once he has been able to recognize the problem, that is employees calling in sick very late to their shift, <em>then Sam has to define the problem in detail. </em>
- Once, Sam is able to <em>define the problem in detail</em>, solving the problem will become easier.
Therefore, the next step to be taken by Sam is to <em>define the</em> <em>problem in detail</em>.
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<span>The total cost will vary depending what combination of explorations are successful and what are unsuccessful. The lowest cost would be if all explorations were unsuccessful and the highest cost would be if all of them are successful. In this scenario, the lowest cost would be $170,000 and the highest cost would be $320,000. Every other combination of success and failure would result in costs between those two numbers.</span>
The poorest 10 percent of the US population earned less than $392 per week in 2013.
Answer:
$1900 million
Explanation:
The formula for GDP :
Y(GDP)= Investment spending + Consumer expenditure + Government expenditure + Imports - Exports
if we input the numbers from our example we can find out the calculation of GDP as so:
GDP = $500 million + $1000 million + $500 million - $100 million
∴ GDP = $1900 million
Answer:
<u>price of the average transaction multiplied by the number of transactions must double</u>
Explanation:
This follows the principle of the Quantity theory of money. Thus according to this theory when the rate of change of the transactions of money in an economy has remain constant or unchanged, while the supply of increases twice as before it will result in a situation where;
the price of the average transaction multiplied by the number of transactions must double because of increase supply of money.
This simply implies that the more money in circulation, the more the price of goods and services in an economy.