Home heating oil is considered inelastic demand instead of elastic demand. Inelastic demand is when people will buy the same amount whether the price of the good drops or rises. People who buy home heating oil want their homes to be kept heated and warm, since they are buying it to serve a purpose like this, whether the price rises or drops they still will need it. Since they will need it regardless of price, they will continue to buy it and therefor it is inelastic.
Answer: The current market price is below the PV
Explanation:
The discounted cash flow method is when the time value of money is being used to value a project, security, company, or an asset.
When the discounted cash flow method is used to determine the appropriate value of a security, it is vital to buy the security when the current market price is below the present value.
Answer:
External
Explanation:
Human resources management
This is simply set up and control of formal systems for employee management within an organization.
Recruiting
This is refered to as the ways or process of getting a list of qualified candidates. The aim is to make the organization attractive to qualified applicants.
External Factors Affecting Recruitment
1. Supply and demand- labor market, unemployment rate
2. Social and legal environment
3.Competitors practices
Types of external source of labor
1. Direct recruitment where Informations are displayed on notice board. They are usually low cost.
2. Casual callers: this is simply known as a list of job seekers that is prepared and as the need arises they are called for an interview.
3. Advertisement through Newspaper, advertising etc.
