Answer: Option B
Explanation: In simple words, specialization refers to being focused and expert in performing a specific activity. An individual or firm having specialization in their business operations could produce more of their goods or services in the limited resources.
The specialization in one department or activity benefits the whole organisation. For example - If the marketing department have specialization in their activities then the production department and sales department both will more more efficiently due to higher work load.
Hence from the above we can conclude that the correct option is B.
Answer:
B. at the intersection of supply and demand
Explanation:
Equilibrium is a market condition where there no excess or shortage in demand and supply. It is when the quantity demanded matches the quantity supplied. At equilibrium, buyers and sellers are happy with the prevailing prices.
In a graph showing the demand and supply curve, the equilibrium point is the intersection of the supply and demand curve.
Answer:
a random sample they should select should be 1692 large.
Explanation:
Given:
a = 0.1
Z(0.05) = 1.645 (from standard normal table)
n = (Z/E)^2*p*(1 - p)
= (1.645/0.02)^2*0.5*0.5
= 1691.266
Therefore, a random sample they should select should be 1692 large.
Answer: c. provides continuing income protection for employees who become disabled and are unable to work
Explanation:
Disability insurance is very helpful to people who get injured on the job and so are unable to work. The insurance would provide them with an income for a time so that they do not become destitute.
There are different types of disability insurance with varying lengths and long-term disability insurance is one of them. This one provides income protection for a longer time period and is very useful when the injury in question is quite serious or permanently disables the affected person.
One year
7000×1.03^1 = $7210.00
two year
7000×1.03^2 = $7426.30
