Answer:
A promise to deliver a deed
Explanation:
The term, 'strict performance' is used to describe a contract between two parties. A contract is an agreement between two parties, and it is legally binding. When discharging contracts involving services, 'substantial performance' is required. For example, if I tell a painter to paint my house blue except for the kitchen and storeroom which should be painted white, and he does accordingly but failed in painting the kitchen white, he has performed substantially even though there was a minor breach. The consequences of which would be borne by him.
'Strict performance' is required in contracts where the terms are stated in express terms and the standards are very high. A 'deed' is such a contract because it is a document specifying the legal rights of a person or the ownership of a property. It requires the signatures of the two parties. Therefore, strict performance and adherence to the contractual deed are required.
A favorable supply shock is a sudden increase in supply that makes the short-run aggregate supply curve (SRAS) shift to the right, average price levels go down and real GDP also shifts to the right. In this case, average price levels go down as shown in the figure below from p1 to p2 SRAS shifts right.
This may make create deflation in an economy and discourage new producers to enter the market, to bring back inflation, the central bank may reduce interest rates and decrease the money supply in the market, and in short, will follow expansionary monetary policy. This will make people demand more and hence as aggregate demand shifts to correct average price levels may again go up. This move will create new jobs in the market as aggregate demand will increase in the short term.
A supply shock is an event that causes unexpected cost increases or production disruptions. This shifts the short-run aggregate supply curve to the left, boosting inflation and lowering real domestic production.
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Some managers set long-term goals and define strategies to achieve them. These are top level managers.
<h3>Top-level management
comprises:</h3>
- CEO
- Director of Operations
- Information Director
- Administrative Director
- Senior Executive
<h3 /><h3>Roles of top-level managers:</h3>
They exercise company governance, that is, they direct organizational systems in order to achieve the objectives and goals established for a company to be well positioned and profitable in the market.
Therefore, the top management of a company must be composed of visionary leaders who adapt to internal and external business conditions, seeking the best solutions for the business demand.
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Answer: Determines the standard of life of a nation over the long term.
Explanation:
Economists believe that the economic growth of a country determines the standard of living of its people over the long term which is why measures such as GDP per capita exist.
They argue that if the economy is growing, more wealth will be created for citizens to access and the higher production of goods and services will give citizens more choice on what to buy to be able to improve their standard of living.
Answer:
Crash the schedule.
Explanation:
Fast-track can complete the task earlier but takes more money. Assign more experienced people will cost the management more money. Cut scope reduces the project requirement and finishes the task earlier. Therefore, options A B and D can not be the answer.
Crash the schedule (option C) is the answer because it allocates enough resources to complete the task earlier without spending more money.
