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The largest contributor to productivity increases is________estimated to be responsible for______of the annual increase.

Daniel [21]

Answer:

The correct answer is (a)

Explanation:

The management is a core factor which can contribute to increasing the overall productivity of a firm or an organisation. Although the job of a manager is quite tough, it demands efficiency and quick thinking. The management helps to run the operation effectively and can contribute to more than half of the annual increase in the revenues.

3 0

4 years ago

Following a phone call addressing a customer problem, what should you do? O Remove the customer from your mailing list. O Report

kakasveta [241]

Answer: Follow up with a letter that documents the call and promotes goodwill.

Explanation: The given case, belongs to the public relations concept under which the company tries to interact better with their customers, so that the customers enjoy a healthy experience and the image of the company remains positive.

The proper way to address a complaint call is to follow up by giving a letter stating the explanation apologies, excuses shall not be mentioned and assurance should be provided that such action would not be taken in future.

7 0

4 years ago

Calculate the average and marginal tax rates in the following table. (Hint: Enter your answers as decimals and do not round when

Zigmanuir [339]

Answer:

1. a. Average Tax rate = 130/2,000 = 6.5%

Marginal Tax Rate = (130 - 0)/ (2,000 - 0) = 6.5%

b. Average Tax rate = 650/10,000 = 6.5%

Marginal Tax Rate = $\frac{650-130}{10,000-2,000}$ = 6.5%

c. Average Tax rate = 1,300/20,000 = 6.5%

Marginal Tax Rate = $\frac{1,300-650}{20,000-10,000}$ = 6.5%

d. Average Tax rate = 6,500/100,000 = 6.5%

Marginal Tax Rate = $\frac{6,500-1,300}{100,000-20,000}$ = 6.5%

2. The tax rates shown in this table are: Proportional

Proportional Taxes take the same percentage of income across all income groups.

3. A. True

4. Sean and Bob would both vote yes as the Marginal Benefit of the project exceeds their marginal cost but project will not be funded in the end as the Total Marginal Cost exceeds Total Marginal benefit. Sean and Bob may want to pay but Yvette will not.

5. If this same project were taking place in the private sector, a firm would not fund the project.

6. In private markets, decisions to provide goods or services to the market are generally made if marginal benefits exceed marginal costs

7. As a result, governments may approve projects whose costs exceed their benefits.

3 0

3 years ago

5. You just won a state lottery, and you will receive $15,000 at the end of each of the next 10 years, and $20,000 at the end of

Zepler [3.9K]

The present value of the lottery prize is $168,984.49($168,984 rounded to the nearest dollar amount)

What is the present value of all lottery annual cash flows that would last for 15 years?

The present value of the state lottery is today's equivalence of all future cash inflows, more like the cash prize of the lottery if paid as a lump sum today, which can be determined by discounting all future cash flows using the present value formula of a single cash flow provided below:

Note that the discount rate of 5% was omitted from the question

PV=FV/(1+r)^N

FV=each future cash flow

r=discount rate=5%

N=year of cash flow, 1 for year 1 cash flow, 2 for year 2 cash flow and so on

PV=$15,000/(1+5%)^1+$15,000/(1+5%)^2+$15,000/(1+5%)^3+$15,000/(1+5%)^4+$15,000/(1+5%)^5+$15,000/(1+5%)^6+$15,000/(1+5%)^7+$15,000/(1+5%)^8+$15,000/(1+5%)^9+$15,000/(1+5%)^10+$20,000/(1+5%)^11+$20,000/(1+5%)^12+$20,000/(1+5%)^13+$20,000/(1+5%)^14+$20,000/(1+5%)^15

PV=$168,984.49

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5 0

2 years ago

Country A is an extremely efficient producer of tin. However, its climate and terrain makes it difficult to produce corn. Accord

Advocard [28]

Answer:

Theory of comparative advantage states that a country has a comparative in a production of certain commodities if the opportunity cost of producing these commodities is lower than the other countries.

Here, it is given that country A is a efficient producer of tin and there are some difficulties in producing corn. So, country A have to concentrate on the production of Tin and purchase the corn from any other efficient producer.

7 0

3 years ago