Standards are set for each major production input or task, benchmarks for measuring performance and compared to the actual quantities and costs of inputs. Thus, option first, third and fourth are correct.
<h3>What is the meaning of performance?</h3>
The act of executing a ceremony, play, piece of music, and so on. The execution or achievement of work, actions, feats, and so on. It is a specific action, deed, or process.
Standards are established for each massive production input or job, serving as benchmarks for monitoring performance and being compared to real input amounts and prices. As a result, options one, three, and four are correct.
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It means the country is producing more capital goods than the consumer goods.The economy of the country will rise along with the rise in capital goods
Answer:
The correct answer is letter "E": output.
Explanation:
The output is the number of goods or services produces by an organization given a specific period. The output is expressed in monetary value and is usually compared to the costs it took to produce the goods or services. The output does not necessarily imply talking about material goods. The output is intangible as well.
Thus, <em>the pumpkins production profits and losses of a farmer are considered as part of the output of an economy</em>.
Answer: Cartel
Explanation:
A Cartel is an association of producers that control supply and prices. A cartel is a group of apparently independent producers whose goal is to increase their collective profits by fixing prices, controlling supply and other practices that restrict the output from reaching the equilibrium level. Thus, the prices are maintained high by restricting supply which enables the produces to earn high profits.
Answer:
Total Amount after 2 years = $13196.8
Explanation:
Data Given:
Amount of savings per year = $6400
Interest rate = 6.2%
Find Total Amount in account after 2 year:
Solution:
Lets consider it step by step.
Amount of money deposited in account after 1 year = $6400
After 2 years, we earn 6.2% interest on $6400,which is:
So, after 2 years, BEFORE the 2nd deposit, we have $6400 + $396.8 = $6796.8 in the account.
AFTER 2nd deposit of $6400, total amount we have in account is:
Total Amount = $6796.8 + $6400 = $13196.8
