Answer:
Positive Statements: 1st & 2nd ; Normative Statements: 3rd & 4th
Explanation:
Positive Economics is <u>objective</u> & <u>facts</u> based <u>actual</u> economic issue description , explaining verifiable phenomenas (causal relationships).
Normative Economics is <u>subjective</u> & opinion based conclusive <u>solutions</u> to economic issues, including '<u>ought to be</u>' unverifiable suggestions.
1. Lung cancer kills millions of people each year: reflects actual objective verifiable fact about an economic (health) issue.
2. Too many people smoke: denotes another actual objective variable fact connected to (potential cause of) the above economic (health) issue.
So , these two are Positive Statements.
3. If the government were to increase taxes on cigarettes, fewer people would smoke : Is subjective opinion based probable solution to the above economic (health) issue.
4. The government should increase taxes on cigarettes : Is an 'ought to' suggestion for an economic participant (govt) to solve the above economic (health) issue.
So , these two are Normative Statements
Answer:
$232,400
Explanation:
Data provided
Net increase in Retained Earnings = $182,000
Dividend declared for the year = $50,400
The computation of net income for the current year is shown below:-
Net income for the current year = Net increase in Retained Earnings + Dividend declared for the year
= $182,000 + $50,400
= $232,400
Therefore for computing the net income for the current year we simply added the net increase in retained earning with dividend declared for the year.
Answer:
E) participative.
<u>The multiple-choice options for this question are: </u>
A) laissez-faire.
B) hands-off.
C) existential.
D) authoritarian.
E) participative.
Explanation:
In the participative leadership style, the manager invites employees' input when making all or most company decisions. The employees are adequate information regarding company issues. Each of the staff members is accorded an opportunity to make their contribution to the subject matter. If the team cannot reach a consensus, a majority vote determines the direction the company will take.
Participative leadership is criticized for slow f decision-making. Its main advantage is that decisions are easily acceptable by all, making implementation seamless.
Answer:
Correct option is (c)
Explanation:
Mean is the average of values in a data set. Range is the difference between highest and lowest values in the data set and median is the mid point (value) that separates lower and higher values in a data set.
If a data point is added, in this case 28th employee is added, definitely mean will change. If data point higher than existing mean is added, then mean will increase. Median and range may or may not change depending on the value added or removed.
In this case, mean is likely to increase since 28th employee's salary is more than existing mean.
