at an interest rate of 5%, the present value of the contract would be $953.14
Answer: C. structure follows strategy.
Explanation:
The text mentions that the strategy that is chosen is the one to influence the structural elements in an organization. This is true because the Strategy of the Organization tells what the Organization wants to achieve in the long run.
The Organizational Structure would then have to fall in behind this and be done in such a way that the different activities in the organization will be garnered towards achieving the goals that the strategy has set.
The CRT TV becomes an inferior good because the good becomes perceived as being of lower quality than a flat screen TV. Inferior goods are goods whose demand decreases when consumer income rises or their demand decreases when the consumer income decreases unlike normal goods. The demand of such goods declines as the level of income or real GDP in the economy increases. Normal goods experiences an increase in demand along with increase in the income level.
Well obviously the economy is shrinking. people aren’t buying/trading much because they don’t want to risk going out and going through avoidable things you know?
