Answer:
He is acting as a spokesperson.
Explanation:
According to Mintzberg, Spokesperson is the person who is responsible for representing company on a public forum and is not associated with management of companies core operation.
Answer:
11.42 %
Explanation:
The formula for calculating percentage error
percentage error = <u>observed value - actual value x 1</u>00
actual value
Percentage error = <u>3.9- 3.5</u> x 100
3.5
Percentage error = <u>0.4 x 100</u>
3.5
Percentage error =0.1142 x 100
Percentage error = 11.42 %
Elasticity of demand measures the responsiveness of quantity demanded to a change in the price of the good.
a. Perfectly elastic - The good is perfectly elastic when the consumer is ready to buy any quantity at a fixed price.
b. Perfectly inelastic- The good is perfectly inelastic when the change in the price of the good has not effect on its demand, that is when quantity demanded is same at whatever price.
So, because here Gus is ready to buy any units of cupcakes at a fixed price of $10, the demand for cupcakes should be perfectly elastic.
Answer:
a. cause ; effect
Explanation:
A variable is any factor that can sustain in varying types or amounts.
There are actually three types of variables: dependent variable, independent variable and controlled variable.
The controlled variable is that trait or condition the experimenter desires to keep constant.
The dependent variable is contingent upon the independent variable. It is determined by the independent variable. The effects of the actions taken on the independent variables are seen on the dependent variables. These two variables are related by cause and effect.
Answer: a. consumer price index rises much more than does the GDP deflator.
Explanation:
The Consumer Price Index is a measure of inflation. It shows the change in the prices of a basket of goods over a period of time. If the prices of gasoline and heating oil rise, this basket will be affected and so Consumer Price Index (CPI) will increase.
GDP deflator on the other hand, adjusts the nominal GDP to a Real GDP measure. Not everything will increase in price in the country as a result of oil going up so GDP will not change by much which would limit the increase in the GDP deflator.
The CPI will therefore rise more than the GDP deflator.
