Answer:
Resource Market : <u>Sellers (households)</u> sell factors of production to <u>buyers (businesses)</u>, in return of factor incomes.
Product Market : <u>Sellers (businesses)</u> sell goods & services to <u>buyers (households)</u>, in return of price expenditure for goods & services.
Explanation:
Circular flow of Income is flow of payments & receipts for goods, services & factor services between sectors (firms & households) of economy.
Households sell factors of productions i.e land, labour, capital, entrepreneur to buyers businesses . They get factor incomes i.e rent, wages, interest, profit in return from them .
Businesses sell goods & services to buyers households. Households spend factor incomes earned from supplying production factors, in paying prices for those goods & services.
Product Market : Involves flow of factor services, final products & services - from households to firms, from firms to households respectively.
Money Market : Involves flow of monetary factor payments, prices expenditure- from firms to households, from households to firms respectively
Answer:
The correct answer is letter "D": average; variability.
Explanation:
The Monte Carlo Simulation is a method of probability analysis done by running several variables through a model to determine different outcomes. By using Monte Carlo's simulation decision-makers can determine the range of possibilities and their probability of occurrence for any choice of action. In other words, it allows us to make decision recommendations for inputs that involve the outputs on <em>average </em>but also in <em>variability</em>.
Answer:
A. Persuasion or surrender
Explanation:
When dealing with a difficult client one of two tactics are applied either Persuasion or Surrender. First, you would try to calmly but firmly explain the situation to your client and persuade them to follow your professional instructions and that you know exactly what you are doing, that the plan that you have presented is the best option going forward. If the persuasion is unsuccessful then the next best tactic would be to surrender the job and move on to the next client.
Answer: <em>Option (d) is correct.</em>
Explanation:
Culture shock can be referred to as an experience that an individual may have when they move to a cultural environment which is completely different from one they have been accustomed to; it can also be the personal discombobulation an individual feels while experiencing an unaccustomed way of life. One of the most rudimentary causes of this includes a person in foreign environment.
Answer:
an advantage is that it'll be easier to buy stuff because you won't have to convert and there can be a set price