Land, labor, capital, entrepreneurship, and knowledge are the factors of production or also called the "resources used to create wealth".
Answer: c. Profit-sharing plan
Explanation: Dividing profits from sales for the year among salespeople represents a profit-sharing plan. The profit sharing plan is a way improving and keeping the morale, loyalty, etc. of workers. It is defined as an incentivized compensation plan that gives back to employees a certain percentage of the company's profits over a period of time, usually a year. It is only applicable when the company realizes a profit.
Full sentence is:
Traditional monetarists advocate for a rule for money supply growth, while market monetarists argue that monetary policy should focus on a nominal GDP target .
Explanation:
Monetarism is based on the idea that an increase in the money supply, that is, the total cash and checks circulating in the economy, will increase production in the short term and inflation in the long term.
Monetarism states that while the monetary authorities (central bank or others) have control of the nominal offer, people base their decisions on the amount of real money they wish to obtain / maintain.
Answer:
T
Explanation:
<em>When preparing for a test, the most important first step is to determine what the test is all about. Thereafter, individuals can then design the mode of preparation that suits them in order to be successful in the test.</em>
Mode of preparation varies from individual to individual because intellectual ability also varies. While some absorb information quickly, others might require a considerable time before they can come to terms with information.
<u>The best answer from the choices is T, which means true.</u>
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