Answer:
FV= $8,913.91
Explanation:
Giving the following information:
Annual interest rate= 0.8% interest compounded monthly
Initial investment= $4,000
Number of periods= 10*12= 120
<u>First, we need to calculate the monthly interest rate:</u>
<u></u>
i= 0.08/12= 0.0067
<u>Now, using the following formula, we can calculate the future value.</u>
FV= PV*(1+i)^n
FV= 4,000*(1.0067^120)
FV= $8,913.91
The life cycle of a product is associated with marketing and management decisions within businesses, and all products go through five primary stages: development, introduction, growth, maturity, and decline. Each stage has its costs, opportunities, and risks, and individual products differ in how long they remain at any of the life cycle stages.
Explanation:
The globalized and competitive business environment requires companies to be in line with new trends and market changes that happen very quickly around the world. Organizational automation is already happening on a large scale in large companies and the tendency is for artificial intelligence to reach more and more organizations, regardless of the sector or the size of the company.
In the human resources department, the crossing of information from the company and candidates can assist in a more effective and standardized recruitment and selection process for the company, with the chances of aligning the company's values and skills with those of the professional sought. to complete the staff.
The main advantages of artificial intelligence in HR is the speed with which the process is carried out, the lowest cost and the highest standardization, but although it is advantageous, it is still not a sufficient process to replace the human recruiter in the decisive stages of the process, as artificial intelligence systems still need to achieve the subjectivity inherent to human beings, which is essential for the creation of the expected organizational climate.