Answer:
Inelastic
Explanation:
When the price of hamburgers increased from $1.50 to $2.75, the quantity demanded decreased from 375 units sold to 250 units sold. Using the midpoint method, hamburgers are said to be inelastic
1. Change in price = 2.75-1.5 / (1.5+2.75)/2 = 1.25/2.125 = 0.59
2. Change in quantity demanded = 375-250 / (375+250)/2 = 125/ 312.5 = 0.4
3. Price Elasticity = 0.4/0.59 = 0.68
4. When the value of elasticity is less than 1, it suggests that the demand is insensitive to price and is inelastic
Answer:
Letter A. <u>Quality through constant innovation and quality assurance training.</u>
Explanation:
Alternative A is correct, as W. Edwards Deming was a pioneer scholar in the application of organizational quality management.
He was responsible for creating the 14 points, which are principles for management that will help the organization to achieve total quality. He was also responsible for popularizing the PDCA Cycle (PLAN, DO, CHECK, ACT), which is a strategic tool widely used worldwide to ensure continuous improvement and the quality of processes and products.
- PLAN: define objectives, methods and resources.
- DO: Perform, educate and train.
- CHECK: Measure and evaluate
- ACT: act correctly.
Continuous improvement can be achieved through the correct and targeted use of the PDCA cycle towards organizational objectives. For Deming, without continuous improvement, there is no survival of the organization in the market, so he argues that continuous improvement must be implemented in all phases of the project, to achieve the benefits of continuous improvement of processes, increased productivity and reduced costs.
It’s definitely is a huge problem. I would suggest just ignoring them and reporting them.
Answer:
Check the explanation
Explanation:
The Expressed accumulated value<em><u> (which is the overall sum an investment holds at present, which also includes the capital that was invested and the gain it has received to date. The accumulated value can also be referred to as an cash value.)</u></em> of this third annuity at the time of its last payment can be seen in the attached image below:
Answer:
a. 7.48%
Explanation:
Number of shares = $ 6,000 / $ 38.10
Number of shares = 157.48
Rate of return = [Number of shares * (Short term gans + Long term gains + ((1 - Front end load) * (Current offering price)) - Purchase price] / Purchase price
Rate of return = [157.48 * ($0.20 + $1.04 + ((1 - 0.05 ) * $41.80)) - $6,000] / $6,000
Rate of return = [157.48 * ($0.20 + $1.04 + (0.95 * $41.80)) - $6,000] / $6,000
Rate of return = [157.48 * ($1.24 + $39.71) - $6,000] / $6,000
Rate of return = $448.806 / $6,000
Rate of return = 0.074801
Rate of return = 7.48%
