Answer: The Demand should be in elastic
Explanation:
Peacock hotel rooms are a normal good and they have a negative price elasticity of demand, meaning a decrease in price of hotel rooms per night will increase quantity of hotels rooms demanded for Peacock.
Peacock is considering decreasing Prices to $ 175 per unit, for this decrease in Prices to lead to a decrease in total revenue, The demand for Peacock hotel rooms should be inelastic. When the demand for Peacock hotel rooms is inelastic a decrease in price to $ 175 will lead to a small change in the quantity of hotel rooms demanded for Peacock which will then lead to a decrease in Total Revenue.
The three ingredients needed for employee performance are motivation, capacity and support. Motivation is really important because if employees are influenced positively they can make things better. Capacity is also key because if employees are poorly prepared the won't have a good performance. Support is crucial because if we want to enhance employees' performance we have to be ready to back them up.
Answer:
Fronting policy is a risk management technique in which an insurer underwrites a policy to cover a specific risk, but then cedes the risk to a reinsurer. Fronting policies are most commonly used by large organizations, and is a type of alternative risk transfer
Explanation:
Hello! The answer would be D. $3,741. I hope this helps!
Answer:
27.78%
Explanation:
Missing word <em>"The production facility operates strictly eight hours per day. 5 people work daily in the plant."</em>
In the earlier scenario, furniture maker manufactured 77 (72 non defective) pieces per 5 laborers working 8 hours day. Thus, the productivity in terms of units per labor hour is:
= 72 / 5*8
= 72 / 40
= 1.8
Similarly, after the process improvement, the productivity in units per labor hour would be:
= 92 / 5*8
= 92 / 40
= 2.3
Thus, change in productivity would be calculated as:
= (2.3 - 1.8)/1.8
= 0.27777778
= 27.78%
The productivity of non defective parts would increase by 27.78%
