Answer:
Reduce and more than 15 percent
Explanation:
As Inelastic Demand state that the percentage change in quantity demanded is less than the percentage change in price. Therefore, if the crop is 15 percent higher, farmers will have to reduce the cost of corn by 15 percent to sell the new crop. We know that supply and price share an inverse relationship to reduce sales as supply increases and new crops grow.
Answer:
The correct answer here is A) above, demand , fall.
Explanation:
Whenever the interest rate on bond is more or above the equilibrium's rate of interest , then this means there is excess demand for the bond in the market and since this excess demand for bond will lead to decrease in the interest rate of the bond, while if the situation was opposite ( excess supply in market ) the interest rate would have risen.
Answer:
(b) ERP system
Explanation :
ERP is know as enterprise resource planning , it is a software which is utilized for business process
it enables an association to utilize an arrangement of incorporated applications to deal with the business and computerize many back office capacities identified with innovation, administrations and HR.
ERP programming coordinates these different capacities into one complete framework to streamline procedures and data over the whole association. The main focus of all ERP frameworks is a mutual database that supports various capacities utilized by various specialty units.
Answer:
D. All of the above.
Explanation:
Full employment describes an economic situation where every able and willing worker is employed. It represents a situation where the highest possibles numbers of unskilled and skilled people are in employment. In practice, full employment is when the economy attains the optimal levels of unemployment.
At full employment, the unemployment rate will be above zero percent. The reason is that the economy will always have as frictional unemployment. Frictional unemployment is the time it takes for an individual to find their ideal job. Structural and frictional unemployment contribute about 2 to 3 percent of unemployment in the economy. Economists thus consider a 3 percent unemployment as full employment.
Answer:
4.33.
Explanation:
Inventory turnover is a ratio that tells us the number of times a company sells and replaces its inventory. It is calculated by taking Cost of Goods Sold for a period and dividing it by Average Inventory [(Opening + Ending) / 2].
⇒ 300,000 / [(64,400 + 74,200) / 2] = 300,000 / 69,300 = 4.33.
It means that Marian Company sold its inventory 4.33 times during the Year.
