Answer: They typically focus efforts on low priority tasks.
Explanation:
1. Incentive and reward system helps the managers to regulate performance of subordinates in an effective and reasonable manner.
2. Reward and incentive system might result in unethical competition inside the organisation.
3. Reward and incentive system is implemented by the organisation for completion of tasks that are of high priority.
4. Performance based incentive and pay motivate more effective individuals to work harder and team based incentive brings collective performance attitude in the organisation.
Thus, right answer is statement 3.
Answer:
The proportion of each payment that represents interest versus repayment of principal would be higher if the interest rate were higher
Explanation:
Amount of interest component in a loan instalment will be higher as compared with principal amount in the initial period of repayment . As period lapses , interest amount reduces progressively and principal amount increases . When the tenure of loan is increased , proportion of interest increases in an instalment .
Answer:
c. Inelastic demand
Explanation:
Inelastic demand means that the quantity ordered on a product is not affected by changes in price. The demand is relatively constant regardless of a change in price.
Coffee and sugar are complementary goods. Usually, price fluctuation in one of them should affect the demand of the other. In this case, changes in sugar prices have not affected the demand for coffee. If price changes do not affect demand, then the product has inelastic demand.
B. Review the different savings account options that your bank offers
