Answer:
3.73 years or 4 years approx
Explanation:
The computation of the number of years taken for money invested for double is shown below:
As we know that
Amount = Principal × (1 + interest rate ÷ time period)^interest rate × time period
where,
We assume the principal be P
And, the amount is 2P
And, the other values would remain the same
So,
2P = P (1 + 0.2044 ÷ time period)^ 1 × time period
2 = (1.2044)^ time period
Now take the log both sides
ln2 = ln (1.2044)^time period
ln2 - time period ln (1.2044)
So,
time period = ln(2) ÷ ln (1.2044)
= 3.73 years or 4 years approx
Answer:
Explanation:
This question puts together two different perspectives based on different goals and metrics: economics and ethics. In economics, self interest is the driving force and productivity is one of the metrics used by managers and shareholders in measuring their profit making. In ethics, doing good for people and creating social value is the goal. The results cannot be measured anymore in units of productivity.
Peter Drucker in his famous book "Management: tasks, responsibilities, practices" says : "To know what a business is we have to start with its purpose. Its purpose must lie outside of the business itself. In fact, it must lie in society since business enterprise is an organ of society. There is only one valid definition of business purpose: to create a customer." That means to create value for society and not to maximize the profit.
I shall add a recent message sent by Richard Branson - the creator of Virgin Group - in his book "Screw business as usual" : Doing good can help improve your prospects, your profits and your business; and it can change the world." But with a condition: in that firm to exist an organizational culture based on positive values and not on profit maximization. In conclusion, ethics may impact positively on performance if and only if there is a managerial philosophy based on ethics and not on profit maximization, and on value creation. In this well-defined context profit and profitability are consequences and not driving forces of the whole business.
Answer:
The answer is: C) The money spent on health care in the United States is not being used effectively.
Explanation:
American citizens spend twice as much as British citizens on health care per year. Even if certain diseases are more common in the US than in Britain, the overall cost of health care is too expensive in the US (100% difference) to be explained by a greater prevalence of just one or two diseases.
The only possible explanation is that the American health care system is not as efficient as the British health care system, therefore health care is more expensive.
<u>Answer:</u> A) Produce goods and pay labour.
<em>In order for the economy to be strong, businesses must produce goods and pay workers</em>
<u>Explanation:</u>
<em>Organizations charge more for their merchandise to pay higher wages, and the higher wages</em> likewise increment the cost of products in the more extensive market.
The <em>rate increment of the wages and costs and their general impact available are key variables driving expansion in the economy.</em>
<span>Senior management is responsible for generating the high level project roadmap for the organization. This roadmap should include the voice of the customer and the voice of the field in order to prioritize features and functionality that best serve those interests in the market. This roadmap should include specific shortterm goals as well as longterm directions.</span>
