Economic cycle is defined as the fluctuations of the economy between the period of expansion and contraction.
There are four stages of economic cycle :
Expansion, peak, contraction, trough
Under the stage of contraction, the business flow is slow as low retail sales, prices, interest rates. The correction will takes place in this stage and economy started recovering in the next stage that is trough.
It is very important to insight the economic cycle for taking major decisions regarding investment and business.
This cycle goes in cyclic pattern.
The investors will invest more in the contraction period because rates were relatively low in this stage.
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Answer:
b. Secondary research
Explanation:
Based on the scenario being described within the question it can be said that this type of research is an example of secondary research. This is a research method that focuses on using already existing data in order to support the research by summarizing and organizing that data. Such as the PR firm is doing with the cencus data, in order to support the trends in teen clothing that they are researching.
Answer:
Behavior-based appraisal
Explanation:
In Behavior-based appraisals, the employee is assessed based on what they do instead of what they produce. Their actions are assessed using a rating scale to measure specific behaviors. Behavior-based appraisals uses behavioral observation scales as opposed to practices that focus on results only. It tends to be more objective, fair and accurate, if the appraisal standards are carefully developed.
Behavior appraisals are very useful when assessing performance on quantitative tasks.
Answer:
B. fixed costs, variable costs, and mixed costs
Explanation:
Mainly there are three types of cost i.e variable cost, fixed cost, and the mixed cost. The variable cost is that cost which is change when the production level change whereas the fixed cost is that cost which remains constant whether production level changes or not
.
The mixed cost is a semi-variable cost which include some part of the fixed cost and some part of the variable cost
So, the variable cost includes indirect material, indirect labor, and factory supplies
The fixed cost includes supervision, taxes, and depreciation expense.
And, the mixed cost includes insurance, utilities, etc.
