1. The nominal GDP for 2020 and 2021 is as follows:
2020 = $330
2021 = $592
2. The Real GDP for 2020 and 2021, using 2020 as the base year is as follows:
2020 = $330
2021 = $508 ($592/1.165)
3/ The Real GDP per capita for 2020 and 2021 using a population of 100 is as follows:
2020 = $3.30 per capita
2021 = $5/08 per capita
What is the difference between the Nominal GDP and the Real GDP?The nominal GDP uses current prices while the Real GDP adjusts the current prices using the GDP deflator (thus accounting for inflation).
Data and Calculations:Car Trucks
Quantity Price Quantity Price Nominal GDP
2020 12 $10 15 $14 $330 (12 x $10 + 15 x $14)
2021 20 $12 22 $16 $592 (20 x $12 + 22 x $16)
2021 Real GDP:
20 $10 22 $14 $508 (20 x $10 + 22 x $14)
GDP Deflator = Nominal GDP/Real GDP x 100
= $592/$508
= 1.165
Thus, while nominal GDP is based on current prices, the real GDP removes the effects of inflation.
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Which investment option has the highest risk ?
You are a Marketing Director for a cruise line. Which operates Luxurious Ships, with excellent service and cuisine, how would you identify the most promising distributors? how`s that brainliest?
One can identify the most promising distributors by:
Looking at their credit history and others to check their Financial stability Also examine their size in terms of outside and inside sales power, selling skills, competence and others to know their Sales and marketing strength.Evaluate their past sales history in terms of same or similar cuisines to know their Sales performance and then rate them in their order of importance,How do one evaluate Potential Distributors?This is done by;
Lookin for their Financial stability through credit history, being timely in payments, and others.Looking their Sales and marketing capabilities.Looking at their service delivery and Sales performance.Note that One can identify the most promising distributors by checking their credit history and examine of all their past sales history to be able to tell their Sales performance.
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What is small business development
Answer:
Explanation:
Small Business Development Centers (SBDCs) provide business-related assistance and knowledge to help entrepreneurs start, run, and grow their businesses.
In which (management) areas of an organization may ethically relevant questions occur? Give examples for each of them!
The management area of coordinating and directing from the top hierarchies is the where some ethically relevant questions may occur.
What is an Ethics?This refers to some standards that imposes a reasonable obligations to refrain from fraud, slander, gossip etc in a firm.
Some example of an ethical behaviors in the firm are:
obeying company's ruleseffective communicationaccountability & professionalismtrust and mutual respectHence, the management area of coordinating and directing from the top hierarchies is the where some ethically relevant questions may occur.
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How to compute the total economic profit or loss in the given table?
Getting the sums of the Total revenues (TR) and subtracting the Total Cost (TC) from it will allow to derive the total economic profit or loss in the given table.
What is an economic profit?This refers to the difference between the company's total revenue and the sum of its explicit and implicit costs.
In this case, the total economic profit or loss in the given table will be derived by adding the sums of the Total revenues (TR) and subtract the Total Cost (TC) from it.
Therefore, the economic profit or loss will be determined.
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AANG companies are Monopoly?
It is a false statement that the AANG companies are Monopoly in their industry.
What is a Monopoly?This refers to an exclusive possession/control of the supply or trading in a commodity or service.
As the AANG companies produces face mask, sanitizer, soap & toothpaste etc, then, it operates in a free market will other firm.
Therefore, It is a false statement that the AANG companies are Monopoly in their industry.
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How do you feel about your instructions for using and caring for the mask? Do you think these instructions can help somebody to use the equipment correctly? Why, why not
The use of a mask as a part of the civic duty of a citizen to prevent the spread of diseases is necessary.
What is a Civic Duty?This refers to the responsibility of a person to care for both himself, his society, and the duties he owes to his country.
Hence, we can see that based on the use of masks during the pandemic, it has helped to limit the spread of the virus and the use of the masks is very easy to do and can be done correctly.
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which one company is the best one you wish to invest for next 3 decades, based on its management, product or business model, financial condition(with low debt), consistent past and potential earning?
The company that is the best one that i wish to invest for next 3 decades, based on its management, product or business model, financial condition(with low debt), consistent past and potential earning is Tesla.
What is Tesla's management structure?In terms of management Tesla is seen to be one that uses a functional organizational structure that has a lot of hierarchical structure.
Tesla is one that uses functional centers that is said to be covered in all scope of all their business activities, such as finance, sales, marketing, technology, and it is one that is well structure.
In terms of profit and revenue, Tesla was said to have generated in the first Quarter of 2022 a revenues of about $17.76 billion, and also that of $2.26 in earnings per share and this is one I believe I can invest in.
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Do the balance sheet in sheet and share the link
A firm's balance sheet shows the state of its affairs and financial position at a point in time by giving a snapshot of its assets, liabilities, and equity.
According to the accounting equation, the sum of liabilities and equity gives the total assets, in this case, the equity amount is missing, as a result, we can rearrange the equation to solve for equity
total assets=total liabilities+ equity
equity=total assets-total liabilities
Find attached balance sheet in excel form as well as the formula sheet.
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Simple and avoidable errors are made in hospitals each day, causing patients to die. Inspired by two tragic medical mistakes-his father's misdiagnosed cancer and sloppiness that killed an 18-month-old child at Johns Hopkins- Dr. Peter Pronovost has made it his mission, often swimming upstream against the medical culture, to improve patient safety and prevent deaths. He began by developing a basic 5-step checklist to reduce catheter infections. Inserted into veins in the groin, neck, or chest to administer fluids and medicines, catheters can save lives. But every year, 80,000 Americans get infections from central venous catheters (or lines), and over 30,000 of these patients die. Pronovost's checklist has dropped infection rates at hospitals that use it down to zero, saving thousands of lives and tens of millions of dollars. His steps for doctors and nurses are simple: (1) wash your hands; (2) use sterile gloves, masks, and drapes; (3) use antiseptic on the area being opened for the catheter; (4) avoid veins in the arms and legs; and (5) take the catheter out as soon as possible. He also created a special cart, where all supplies needed are stored. Dr. Provonost believes that many hospital errors are due to lack of standardization, poor communications, and a noncollaborative culture that is antiquated and toxic." He points out that checklists in the airline industry are a science, and every crew member works as part of the safety team. Provonost's book has shown that one person, with small changes, can make a huge difference.
a. According to the above study and in reference to lecturers relate organizational culture determines three functions of organizational culture (4mks)
b. Different quality management gurus have taken different approach towards quality, compare Deming and Feigenbaum approach (5mks)
C. Explain why quality is free according to the above study (4mks) d. Explain business process Re-engineering relevant to the above hospital (5mks)
quality management (4mks)
e. Describe how Dr Provonost carried out a benchmark of the hospital |(4mks)
f. Explain four barriers that Dr. Provonost may face in implementing total
g. Identify four Characteristics of quality customer service in the above hospital (4mks)
The functions of organizational culture include facilitating collective environment and giving members a sense of identity.
What is organizational culture?It should be noted that organizational culture simply means the collection of values and expectations that guides the actions of employees.
The functions of organizational culture include:
Facilitating collective environment.
Giving members a sense of identity.
Promotion of relationship.
According to Feigenbaum approach, the steps to improve quality include quality technology, quality leadership, and organizational commitment.
It is stated that quality is free because the road to perfect goods and services is simply through prevention.
Business process re-engineering is relevant to the above hospital to achieve improvement in productivity.
Dr Provonost carried out a benchmark of the hospital by comparing the processes and the sharing of the best practices in clinical care.
The barriers that Dr. Provonost may face in implementing total quality include job apathy, poor existing quality measures, lack of accountability, and lack of good communication with employees.
The characteristics of quality customer service in the above hospital include:
A positive attitude.
Patience.
Empathy.
Delivering respect to patients.
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Carlos is 25 years old and has $3000 he wants to invest. He doesn’t want to risk losing a lot of money, so he is looking for a low-risk investment. He wants to invest for five years, and then he will need his money back (plus the interest he earns.) What is the BEST investment choice for Carlos?
The best place where Carlos can invest his money in a low-risk investment would be to buy some shares.
What is an Investment?This refers to the business plan that is made to put some money into a business venture with the aim of getting profit after a time period.
Hence, we can see that based on the fact that Carlos is young and has about $3,000 to put in a low-risk investment, it would be good for him to buy shares in a reputable company and get his money back with interest after some years.
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After a different vice president is assigned to head the division for the second time in five years, Maria’s job as a middle manager does not really change. She carries out the same tasks, attends the same meetings, and sends in the same reports to the new vice president as she always does. What can be accurately determined about this organization?
The thing that can be accurately told about the organization is that high authority is not much responsible, and they do not consider the eligible candidate for promotion in the company.
What is promotion?Promotion is the upgrade of the post from the low profile than before the person get the promotion is upgraded into a new profile that they are eligible for. Promotion also gives the encouragement and motivation to the people.
Thus, organization is that high authority is not much responsible.
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Question 23
Investment gains earned during an initial time period are then put to work in the second time period earning additional
investment returns. What is this called?
A) Debt
B) Principal
C) Interest
(D) Compound growth
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The concept of reinvesting investment gains is called compound growth.
What is compound growth?
Compound growth is when both the amount invested and the investment gains already accrued increase in value because both amount are reinvested back in the venture. Compound growth ensures a faster growth in investment returns when compared with not reinvesting investment gains.
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If the price of natural gas rises , when is the price elasticity of demand likely to be the highest?
If the price of natural gas rises, the price elasticity of demand is likely to be the highest one year after the price increase.
What is the price elasticity of demand?A measure of a product's consumption shift in response to a price change is called price elasticity of demand. The quantity shift in percentage terms divided by the price change in percentage terms is used to determine the price elasticity of demand.
The price elasticity of demand would probably be at its peak if the price of natural gas increased. Elasticity will be strongest in the long run since consumers would start exploring alternatives as a result of ongoing price increases.
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Question 11 of 20
Which statement describes why you should start retirement planning early?
A. Your income will increase, while your expenses will decrease.
B. Your income will decrease, while your expenses will stay the
same.
C. Your income will increase, while your expenses will stay the same.
D. Your income will decrease, while your expenses will increase.
SUBMIT
Answer:
your income will decrease, while your expenses will increase.
Disadvantages of the matrix organization structure are efficient use of resources because of ease of access efficient communication easy to manage difficult to manage Disadvantages of the matrix organization structure are efficient use of resources because of ease of access efficient communication easy to manage difficult to manage
Difficulty in terms of management of an organization as there is the involvement of overlapping teams, more information, and multiple managers is one of the major disadvantages of matrix organization structure.
What is matrix organization structure?A combination of or greater varieties of organizational structures is referred to as a matrix structure. It is a manner of arranging your enterprise so you set up reporting relationships as a grid, or a matrix, in preference to in the conventional hierarchy.
hence, Difficulty in terms of management of an organization as there is the involvement of overlapping teams, more information, and multiple managers is one of the major disadvantages of matrix organization structure.
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How can information be a powerfull tool in negatiation or breaking a deal
Why you should be flexible when using a different email system?
The person should be flexible in using the email system in order to increase the productivity, to improve security and to enhance competitiveness.
What is Email System?The full form of Email is electronic mail which refers to the sending the messages through the use of computer and receiving it. It is an application of the messaging system.
Through the flexibility in the application of the email system the users can enhance the competition by using the new technology. It also increases the productivity as the knowledge of the different email system provides various features to the users.
It also helps in securing the data and important information from the phishing attack.
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How does multi party system works
Answer:
In multi-party systems that use proportional representation, each party wins a number of legislative seats proportional to the number of votes it receives. Under first-past-the-post, the electorate is divided into a number of districts, each of which selects one person to fill one seat by a plurality of the vote.
Answer:
Multi-Party System is formed If several parties compete for power and more than two parties have a reasonable chance of coming to power either on their own strength or in alliance with others.
This system is able to represent diverse contestants and regions.
Q5) which one company is the best one you wish to invest for next 3 decades, based on its management, product or business model, financial condition(with low debt), consistent past and potential earning?
Tesla is the company is the best one people wish to invest for next 3 decades, based on its management, product or business model, financial condition, consistent past and potential earning.
What is the management structure of Tesla?According to management experts, Tesla is one company that has a practical organizational structure with a lot of hierarchical structure.
Tesla is a company that is reported to use functional centers that are well-structured and cover all aspect of their business operations, including finance, sales, marketing, and technology.
Thus, the company is Tesla.
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How can business apply force field technique in the workplace
Companies can apply the force field technique in the workplace by establishing a method of observing the factors that drive or block the achievement of goals.
How is the force field technique effective in the workplace?It helps in the identification and more comprehensive analysis of the organizational environment and its processes, helping in decision making and in the strategic formulation to reduce bottlenecks and obtain quality.
Therefore, the force field technique helps in the effectiveness of processes, develops communication, reduces resistance to change in addition to creating a positive culture for development.
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In the scor model, purchasing is represented by
A leverage by is one where there is.
Select all that apply.
Select each of the benefits of being financially responsible.
having more opportunities
earning more money
paying higher interest rates for loans
having a good credit score
being rejected for loans
being prepared for emergencies
paying lower interest rates on credit cards
gaining independence
Answer:
having more opportunities
earning more money
having a good credit score
being prepared for emergencies
paying lower interest rates on credit cards
gaining independence
Explanation:
Help solve the blanks
Here is the completed table:
Labor Total Product Marginal Product Average Product
0 0 N / A N / A
1 10 10 10
2 25 15 12.50
3 45 20 15
4 63 18 15.75
5 75 12 15
6 80 5 13.3
7 80 0 13.3
8 68 - 12 8.50
How to determine the total product, marginal product and average product?The total product is determined by multiplying the average product by the number of labor. Total product of a labor can also be determined by adding the marginal product of that labor with the total product of the preceding total labor.
Blank 1 : 10 x 1 = 10
Blank 5: 25 + 20 = 45
Blank 7: 15.75 x 4 = 63
Blank 9: 63 + 12 = 75
Blank 13: 80 + 0 = 80
Blank 15: 8.50 x 8 = 68
Marginal product is the change in total product when labor is increased by 1.
Blank 2 : 10 - 0 = 10
Blank 3 : 25 - 10 = 15
Blank 8: 63 - 45 = 18
Blank 11: 80 - 75 = 5
Blank 16: 68 - 80 = - 12
Average product is the total labor divided by the total labor.
Blank 4: 25 / 2 = 12.50
Blank 6: 45 / 3 = 15
Blank 10: 75 / 5 = 12
Blank 12: 80 / 6 = 13.33
Blank 14 : 68 / 8 = 8.50
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What is the answer to this question
According to the context, it can be inferred that the word that correctly completes the sentence is reaction (option C).
How to identify the missing word of the fragment?To identify the missing word of the fragment we must take into account the context, in this case it speaks of the 2020 pandemic in which many people were affected by not being able to work and required the help of others.
In this case, the retailers had a reactive attitude towards this situation because they decided to donate in response to the problems that the pandemic unleashed with the neediest people.
Note: The question is not readable in the image. Next is the question.
Some retailers have decided during COV.ID to donate a percentage of sales to programs that support those in need, such as food banks. These businesses could be said to have a _______ approach of social responsiveness during this per.iod.
OPTIONS:
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If you we’re running a company describe at least two things you would do to improve its productivity
Answer:
1. Have standing meeting.2.Create the ultimate break room.Identify which of the following are primary activities and which are support activities in a value chain.
Answer: Marketing and sales and service
Explanation:
if you need more information about how to complete step 2 of the w-4 form, where can you find it?
Answer:
cosette.
Explanation:
When a person need more information about how to complete step 2 of the w-4 form, the right sources are:
Visit the Department of the Treasury Internal Revenue Service website.InvestopidiaNerdwallet websiteAsk IRS officialsPayroll AdminWhat is the W-4 form?The W-4 form is known to be a form that informs the employer the right amount of tax to take back from an employee's salary or paycheck.
Note that this Form is used by an employer to know an employee's identity and as such, When a person need more information about how to complete step 2 of the w-4 form, the right sources are:
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What enables a oligopoly to form within a market
It would be too costly to launch a competing business To establish Oligopoly in the market.
What is a market?
The entire number of buyers and sellers in the area or region under consideration is referred to as the market.
A market structure known as an oligopoly has a small number of enterprises, none of which can prevent the others from having a large impact.
The market share of the major companies is calculated using the concentration ratio.
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“Automation is bad for the economy because machines will eventually replace almost all human workers, creating high unemployment and poverty”. Do you agree or disagree? Explain your answer.
I agree that Automation is bad for the economy because machines will eventually replace almost all human workers, creating high unemployment and poverty”.
What is automation?Automation involves the using of machines and computer in getting task done, and this reduce man power.
In this case, Automation is bad for the economy because machines will eventually replace almost all human workers.
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