Answer:
A. Gig economy
Explanation:
Gig economy is a job system where organizations and independent workers agree on short-term work contracts. The term Gig means a <em>job for a specific time</em>. The gig economy is growing fast. It is predicted that by 2020, 40m percent of all the workers in the US will be independent contractors.
The advance in technology has helped propel the popularity of the gig economy. Organizations can recruit workers from across the globe. The workers will perform their duties form any location and submit their work through technology.
Examples of workers in the gig economy include.
- Freelancers
- Independent contractors and professionals
- Consultants
- Temps (temporary contract workers)
Answer:
The correct answer is letter "A": can be used to estimate the projected cost of completing the project.
Explanation:
The Cost Performance Index or CPI measures the projected cost of work completed compared to the current cost spent. The CPI represents a ratio of earned value to actual cost. If the CPI is greater than one, the project is under budget. When the CPI equals one the planned and actual costs are equal. If the CPI is higher than one, the project is over budget.
Answer: Marginal revenue is -$500.
Explanation: The marginal revenue is calculated as the change in total revenue subtracted by the change in quantity.
Total revenue is calculated by multiplying the price by the quantity:
At a quantity of 20 driveways, the total revenue is = 20 × $10,000 = $200,000
At a quantity of 21 driveways, the total revenue is = 21 × $9,500 = $199,500
Marginal revenue = $199,500 - $200,000
= -$500
Answer:
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The correct answer is $737 premium per year.
The steps to solving this problem is to first determine the amount of homeowner’s insurance that you need. It is specified that they are looking for a policy that is equal to 80% of the home’s replacement value. The value of the home is $312,500, so 80% of that is $250,000 (312,500 x .8).
Next, locate the row for $250,000 and then locate the Brick/Masonry section, which is the first one. Under that heading you will see the breakdown of different classes. The first column is for fire protection classes 1-6, which includes 4. So, your answer is in the first cell to the right of $250,000.
