Option C. The level of management that devotes the greatest amount of time to planning is Executives.
Executives are responsible for setting the overall direction and strategy of the organization, and they devote a significant amount of time to planning and decision-making. They are also responsible for making major decisions that affect the organization's long-term goals, and they need to consider a wide range of factors when developing strategic plans, such as market conditions, competition, and industry trends. While supervisors and middle managers may also be involved in planning, their focus is usually on operational or tactical plans, which are more short-term and specific in nature. Distributors, on the other hand, are not typically involved in the planning process at all.
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The level of management that devotes the greatest amount of time to planning is
A) Supervisors
B) Middle Managers
C) Executives
D) Distributers
electronics world inc. paid out $46.3 million in total common dividends and reported $126.8 million of retained earnings at year-end. the prior year's retained earnings were $87.5 million. what was the net income? assume that all dividends declared were actually paid. write out your answer completely. for example, 25 million should be entered as 25,000,000. round your answer to the nearest dollar, if necessary.
Net income for the current year is $85.6 million.
Net income for the current year = (Closing balance of retained earnings - The opening balance of retained earnings) + Dividends paid for the current year
= ($126.8 million - $87.5 million) + $46.3 million
= $39.3 million + $46.3million
= $85.6 million
Net income for the current year = $85.6 million
Earnings are difficult to outline conceptually and the definition can be extraordinary for the duration of fields. for instance, a person's income in a financial experience may be unique from their income as described with the resource of the regulation.
A very essential definition of income is Haig–Simons earnings, which defines earnings as intake + trade-in internet truly worth and is widely applied in economics. For households and individuals within America, income is defined with the useful resource of tax law as a sum that consists of any earnings, earnings, profit, interest rate, rent, or some other shape of earnings acquired in a calendar year. Discretionary earnings are frequently described as gross profits minus taxes and special deductions (e.g., compulsory pension contributions), and are broadly used as a basis to take a look at the welfare of taxpayers.
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which of the following are included in the monetary base? a. coins in circulation b. currency in circulation c. bank reserves d. all of the above
Currency in circulation are included in the monetary base. The two components that make up the monetary base are bank reserves and the money that is in circulation. The answer is OPTION B.
The monetary base, which should not be confused with the money supply, excludes non-cash assets like demand deposits, time deposits, and checks. The monetary base of an Currency economy, also referred to as M0.
Consists of all the actual paper and coin money in use as well as bank reserves held by the central bank. The quantity of money in circulation in the economy is referred to as the monetary base. The two components that make up the Currency monetary base are bank reserves and the money that is in circulation.
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true or false: an external auditor cannot reduce the amount of work she performs by relying on the internal audit function for a part of the audit evidence needed to obtain assurance on the financial statements.
an external auditor cannot reduce the amount of work she performs by relying on the internal audit function for a part of the audit evidence needed to obtain assurance on the financial statements: is False
Why it is?
External auditors can reduce the amount of work they perform by relying on the internal audit function for a part of the audit evidence needed to obtain assurance on the financial statements.
However, external auditors must still evaluate the work of the internal audit function to ensure that it is reliable and relevant to the audit, and they must determine the extent to which they can use the work performed by the internal auditors.
In some cases, the external auditors may choose to rely on the work performed by the internal auditors, while in other cases they may need to perform additional audit procedures to obtain sufficient audit evidence.
The decision to rely on the work of the internal audit function is based on a variety of factors, including the scope and nature of the internal audit work, the competence and objectivity of the internal auditors, and the level of risk associated with the financial statements being audited.
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What percentage of home-based businesses have no employees?
Around 60% of home-based businesses have no employees also known as non-employer business.
What types of enterprises don't hire anyone?A business that is liable to federal income taxes and that has yearly business receipts of $1,000 or more ($1 in the construction industries) but no paid workers qualifies as a nonemployer business. Independent contractors and real estate agents are examples of tiny nonemployer enterprises.
What kinds of products and services are offered by non-employer firms?Employers without employees run museums and hobby stores, offer pet care and dating services, manufacture apparel, electrical goods, and machinery, sell real estate, handle data, and do a lot more.
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Which of the following is a misconception about marketing?
Marketing focuses on relationships.
Marketing focuses on satisfying the customer.
Marketing is equivalent to sales and advertising.
Marketing involves numbers.
Answer: The misconception is that marketing is equivalent to sales and advertising. While sales and advertising are important components of marketing, they are not the whole picture. Marketing is a broader concept that encompasses a variety of activities aimed at promoting and selling products or services.
Explanation:
Marketing involves researching and understanding customer needs and preferences, developing and promoting products or services to meet those needs, pricing products and services, and distributing them to customers through various channels. It also involves building and maintaining relationships with customers through customer service, after-sales support, and other activities.
So, while sales and advertising are important aspects of marketing, they do not define the whole field. Marketing is focused on relationships with customers and satisfying their needs, and it often involves the use of numbers to track and analyze customer behavior, market trends, and the effectiveness of marketing campaigns.
horseshoe inc. has sales of $13100000, total assets of $11500000, and total debt of $4300000. if the net income is 700000, what is the return on assets? convert to a percent and round to two places past the decimal point.
Horseshoe Inc. has a return on assets of 6.09% as a result. This means that the corporation makes 6.09 cents in profit for every dollar it invests in assets.
What is Return on assets?In general, a ROA of over 5% is regarded as good, and one of over 20% as exceptional. However, companies in the same industry should always be compared when comparing ROAs.
The return on assets (ROA) is a metric used to determine how much profit a business makes on each dollar invested in assets. It is calculable as follows: ROA is calculated as Net Income / Total Assets.
By entering the specified values, we obtain:
ROA = $700,000 / $11,500,000
ROA = 0.0609
We may multiply this by 100 and round the result to two decimal places to get the percentage:
ROA = 6.09%
Horseshoe Inc. has a return on assets of 6.09% as a result. This means that the corporation makes 6.09 cents in profit for every dollar it invests in assets.
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companies such as walmart and spirit airtlines offer lower prices than competitors. what competitive strategy are they using
They are using overall cost leadership competitive strategy.
What does competitive strategy refer to?In other words, defining the firm's competitive strategy includes outlining its plans for establishing and preserving a competitive edge over rivals. The ability to outperform rivals over the long run is known as having a competitive advantage.
The importance of a competitive strategy?The importance of having a competitive strategy increases when a company operates in a market that is competitive and where customers can choose between multiple similar products. Along with providing a strong return on investment, this method aids in the development of a defensive position within your sector.
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Transcribed image text: Question 1 0.6 pts The best measure of long-run economic growth adjusts nominal GDP for inflation and population. nominal GDP for inflation. nominal GDP for population. real GDP for the base year.
The best measure of long-run economic growth is real GDP for the base year.Although there are other ways to gauge economic expansion, the gross domestic product is the most well-known and often monitored and reported indicator (GDP).
Compared to gross national product (GNP), which is primarily used to comprehend the total income of a country's citizens within a specific time period, gross domestic product (GDP) is a more relevant indicator of the economy.
The Consumer Price Index (CPI), which gauges pricing power and inflation, and the Monthly Unemployment Report, which includes weekly non-farm payrolls, are two of the other key indicators of economic growth in addition to GDP.
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Why is the intersection of the demand and supply curve an equilibrium of perfectly competitive market?
The price and equilibrium quantity axes on the demand and supply curve graphs are both vertical, allowing the supply and demand curves for a given good or service to coexist on the same graph.
Demand and supply acting together set the price and the quantity that will be bought and sold in a market.supply and demand curves that cross.The equilibrium price, which is obtained when the quantity sought by consumers and the quantity supplied by producers, respectively, are equal, is the only price at which consumer and producer plans coincide. This common quantity is known as the equilibrium quantity. At any other price, the quantity required and the quantity delivered are not equal.
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sales for year 2 were $800,000. accounts receivable was $100,000 at the end of year 1 and $150,000 at the end of year 2. the accounts receivable turnover for year 2 (rounded to one decimal) was:
Sales for year 2 were $800,000. accounts receivable was $100,000 at the end of year 1 and $150,000 at the end of year 2. The accounts receivable turnover for year 2 was 6.4 times.
As,
Sales of year 2=$800,000
Accounts receivable = $100,000 + $150,000 = $2,50,000
So, $800,000 / (($2,50,000) / 2) = 6.4 times
Sales are activities related to the sale or quantity of goods sold during a certain period of time. A seller or supplier of goods or services engaged in a sale in response to acquisition, appropriation, requisition, or direct interaction with the buyer at the point of sale. There is a transfer of title to the item and a settlement of a price, where an agreement on a price takes place the transfer of ownership of the item.
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typically, the higher the average level of education in an economy, the higher the accumulated and the higher the .
Typically, the higher the average level of education in an economy, the higher the accumulated human capital and the higher the labour productivity and economic growth.
What does human capital refer to?Human capital refers to the knowledge, skills, and abilities that individuals acquire through education, training, and experience. When the average level of education in an economy is higher, individuals have more human capital, which enables them to be more productive and innovative, and to contribute more to economic growth.
When labour productivity normally rises over time?An economy produces more goods and services for the same amount of relative work as its labour productivity increases. Because of the rise in output, more products and services may be purchased for ever-lower prices.
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the selling price per box for cynthia's cookies is $19.95. fixed costs are $65.000 and the variable cost per box is $9.88 a. what is the break-even quantity? b. if sales last year were 8,200 boxes, what was the net profit?
To find the break-even quantity, we need to determine how many boxes of Cynthia's Cookies must be sold to cover the fixed and variable costs. We can use the following formula:
What is break even quantity ?Break-even quantity = Fixed costs / (Selling price per unit - Variable cost per unit)
Substituting the given values, we get:
Break-even quantity = $65,000 / ($19.95 - $9.88) = 6,535.54
Rounding up to the nearest whole number, the break-even quantity is 6,536 boxes.
Therefore, Cynthia's Cookies needs to sell at least 6,536 boxes to cover all costs and break even.
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derek can deposit $241.00 per month for the next 10 years into an account at bank a. the first deposit will be made next month. bank a pays 15.00% and compounds interest monthly. derek can deposit $2,568.00 per year for the next 10 years into an account at bank b. the first deposit will be made next year. bank b compounds interest annually. what rate must bank b pay for derek to have the same amount in both accounts after 10 years?
The Total Future Value of Bank A = $62435.61
The Annual Interest Rates of Bank B = 19.233 %
Bank A:
Monthly Deposits: $241;
Term of Deposits: 10 Years (10 x 12);
Interest Rate: 14%;
Monthly compounding at a monthly interest rate of 14/12 = 1.167%
Total Future Value of the monthly deposits = 241 x [tex](1.01167)^{119}[/tex] + 241 [tex](1.01167)^{118}[/tex] + ............... +241
Total Future Value = 241 x [{[tex](1.01167)^{120}[/tex]-1}/ {(1.01167) -1}]
Total Future Value = $62435.61
Bank B:
Target Future Value = $ 62435.61,
Annual Deposits = $ 2498,
Deposit Tenure = 10 Years,
Compounding frequency = Annual , and
Annual Interest Rates = y%
Thus, {2498 x [tex](1 + y)^{9}[/tex] }+ {2498 x [tex](1 + y)^{8}[/tex] }+ ........ + 2498 = 62435.61
2498 x [{[tex](1+y)^{10}[/tex]-1} /{(1+y)-1}] = 62435.61
[{[tex](1+y)^{10}[/tex]-1} /{(1+y)-1}] = 62435.61 / 2498
[{[tex](1+y)^{10}[/tex]-1} /{(1+y)-1}] = 24.9942
y = 0.19233 or 19.233 %
∴ Annual Interest Rates = 19.233 %
The return on an investment or the amount of interest due on a loan when compounding is taken into account is the effective Annual Interest Rate.
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when employees become disenchanted with a major change, supervisors should: group of answer choices ignore them neutralize their opposition and acknowledge their concerns transfer them confront them
When employees become disenchanted with a major change, supervisors should: neutralize their opposition and acknowledge their concerns i.e. Option 2
A supervisor or lead, (otherwise called foreman, chief, regulator, facilitator, screen, region facilitator, line director or some of the time gaffer) is the working title of a lower-level administration position that is fundamentally founded on power over labourers or a workplace. A supervisor can likewise be one of the most senior in the staff at the work environment, for example, a teacher who supervises a PhD paper. Oversight, then again, can be performed by individuals without this conventional title, for instance by guardians. The term boss itself can be utilized to allude to any workforce who have this errand as an aspect of their responsibilities portrayal.
A worker is a boss on the off chance that they have the power and position to do the accompanying activities (as per the Ontario Service of Work):
Give directions and additional orders to subordinates.
Be considered answerable for the work and activities of different representatives.
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Complete Question -
when employees become disenchanted with a major change, supervisors should: have a group of answer choices
ignore them neutralize their opposition and acknowledge their concerns transfer them confront themyour aunt lent you money, and you agreed to pay her back within six months. you offer to pay her the rate of interest of 0.5% per month. you will be able to pay her $70 next month, $85 each of the next two months, and then $90 each month for months 4 through 6. how much can you borrow from her?
$500.90 Your aunt borrowed you some money, and you agreed to reimburse her over the course of six months. You suggest paying her a 0.5% interest payment each month. The following months, you can give her $70, $85 and finally only $90 each month from weeks at least four through six.
What is the name for providing money to people in exchange for repayment in the future?A loan is a financial arrangement whereby a sum of money is lent to another party in return for the principal or value of the loan becoming repaid at a subsequent date. Frequently, the lender raises the principal amount by including additional or finance expenses, which the borrower is required to pay in addition to the principal amount.
What do you nickname a borrower who misses a payment on their loan?When a person is unable to repay a loan or other sum of money received, that individual is called to as "bankrupt." Answer A is the appropriate answer as a result. A borrower who has defaulted on a loan is referred to as
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Why might an investor choose to become a partner in a limited partnership instead of purchasing the stock of an open corporation?
An investor might choose to become a partner in a limited partnership instead of purchasing the stock of an open corporation for a variety of reasons. Limited partnerships offer several advantages.
What is the corporation ?A corporation is a legal entity created by individuals, stockholders, or shareholders, with the purpose of operating for profit. Corporations can take many forms, such as financial, manufacturing, retail, or service companies. As a legal entity, a corporation is separate and distinct from its owners, and it has the ability to sue and be sued, own assets, and make contracts. A corporation also has the right to issue shares of stock, which are then owned by the shareholders. The stockholders have limited liability and the business has a perpetual life. This means that the life of the corporation does not end with the death of an owner or stockholder.
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The above figure shows the market for DVDs. The government decides that all citizens deserve to watch affordable DVDs so a price ceiling of $12 per DVD is placed on DVDs. After this price ceiling is in effect, producer surplus equals ________.
$1,800,000
$900,000
$400,000
$200,000
$100,000
Producer surplus after = (1/2) x 80,000 units x $2 = $80,000. Therefore, the answer is C. $400,000.
To determine the producer surplus after the price ceiling is in effect, we first need to find the new equilibrium price and quantity.
Since the price ceiling is set at $12, the quantity demanded increases to 80,000 units, while the quantity supplied decreases to 80,000 units. At this price, there is excess demand, or a shortage of 20,000 units (100,000 units demanded - 80,000 units supplied).
The equilibrium price is determined by the intersection of the demand and supply curves, which occurs at a price of $15 and a quantity of 100,000 units before the price ceiling was imposed. With the price ceiling of $12, the quantity supplied decreases to 80,000 units, while the quantity demanded increases to 80,000 units.
The producer surplus before the price ceiling was imposed is the area above the supply curve and below the equilibrium price, which is a triangle with a base of 100,000 units and a height of ($15 - $10) = $5, as shown in the figure. Thus, the producer surplus before the price ceiling is:
Producer surplus before = (1/2) x 100,000 units x $5 = $250,000
After the price ceiling is imposed, the producer surplus is the area above the supply curve and below the price ceiling of $12, up to the quantity of 80,000 units. This is a triangle with a base of 80,000 units and a height of ($12 - $10) = $2, as shown in the figure. Thus, the producer surplus after the price ceiling is:
Producer surplus after = (1/2) x 80,000 units x $2 = $80,000
Therefore, the answer is C. $400,000.
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The above figure shows the market for DVDs. The government decides that all citizens deserve to watch affordable DVDs so a price ceiling of $12 per DVD is placed on DVDs. After this price ceiling is in effect, producer surplus equals ________.
A. $1,800,000
B. $900,000
C. $400,000
D. $200,000
E. $100,000
if the cost of goods manufactured during the year amounted to $665,000 and annual sales were $998,000, what is gross margin for the year?
$690,000Cost of Manufactured Goods $1,330.00Add: Home Finished Goods 60,000.
Less: Final finished goods 84,000,Cost of goods sold $1,306,000Amount.Sales $1,996,000Less: Cost of goods sold 1,306,000Gross Profit $690,000.Gross Profit is calculated by deducting the production cost of the units sold during the period and the income obtained from the sale of these products. This will be used to cover operating expenses during the period. The formula for gross profit is Gross profit = Revenue - Cost of goods sold. Revenues represent all the positive cash flow earned by a business,while costs include both variable costs and fixed costs. Profit is the amount that remains after factoring in the cash flow in and out of the business.
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the level of management that devotes the greatest amount of time to planning is
Option C) Executives. The level of management that devotes the greatest amount of time to planning is Executives.
Planning is an essential function of management and involves setting goals and objectives, determining the resources needed to achieve those goals, and developing strategies to meet those objectives. While all levels of management engage in planning to some extent, executives are typically responsible for the overall direction and strategy of the organization and therefore spend the most time on planning.
Executives must take a long-term perspective and consider the broader market and competitive landscape when developing the organization's strategy. They must also allocate resources and prioritize initiatives that will help the organization achieve its long-term goals. Middle managers and supervisors are more focused on implementing the plans and strategies developed by executives and ensuring that day-to-day operations run smoothly.
Therefore, the answer is C) Executives.
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The level of management that devotes the greatest amount of time to planning is?
A) Supervisors
B) Middle Managers
C) Executives
D) Controlling
rose is considering james as a member for her project team. she is trying to determining if james has the ability to work well with others. he has the skills, but can he work well with others and contribute to a cohesive team? rose is likely considering james' group of answer choices ability experience knowledge
Rose is likely considering James' ability to work well with others when she is evaluating him for her project team.
What does being able to get along with others mean?When you work well with people during discussions, projects, meetings, or other collaborations, you have developed teamwork skills. Being able to effectively communicate, actively listen, and be responsible and honest are all necessary for cooperation.
What does it mean to be able to operate well in a team?The abilities that allow you to work well with others are known as teamwork skills. Employers like candidates with great teamwork abilities for a variety of reasons, including the fact that they exhibit leadership, collaboration, and effective communication. Employers look for team players in their staff.
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in a day after recall (dar) test, 100 hh who watched a popular tv show were contacted the next day and asked if they remembered any ads for a new pharmaceutical product. 7 recalled the drug's brand by name, and another 18 remembered it after being prompted. what was the unaided awareness of this product?
The unaided awareness of the product is the percentage of participants who remembered the brand without being prompted. In this case, 70 participants out of 100 remembered the brand by name, so the unaided awareness is 70%. Therefore, the correct answer is (B) 70%.
The unaided awareness of a product is the percentage of respondents who are able to recall the name of the product without any prompting or clues. In the given scenario, out of 100 individuals who watched the popular TV show, 70 were able to recall the brand name of the new pharmaceutical product without any prompting. Hence, the unaided awareness of the product is 70%. This is an important metric for marketers to understand the impact of their advertising campaigns on consumer recall and brand recognition. It also helps in measuring the effectiveness of a brand's positioning and messaging.
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while researching new smartphones, natalia assigns different degrees of importance to the features that matter most to her, such as camera quality, screen size, and battery life. in assigning different weights to these features, natalia is employing which type of consumer decision rule?
Five basic stages go into consumer decision-making. This method of weighing the choices is used by customers. The five processes include problem identification, information search, alternative assessment, buy decision, and post-purchase analysis.
The consumers: who are they?
A good or service is used by individuals or various business types. They also don't sell the goods they purchased. In the supply chain, they are the last to get goods and services. The buyer might not necessarily be the customer in reality.
Consumers are any individual or group who fully utilise a good or service. Here are a few illustrations: a client who pays a hairdresser to trim and style their hair.
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a vivid recollection of the world trade center collapsing on september 11, 2001 illustrates the concept of
The vivid recollection of the World Trade Center collapsing on September 11, 2001 illustrates the concept of a flashbulb memory.
The vivid recollection of the World Trade Center collapsing on September 11, 2001 illustrates the concept of a flashbulb memory. A flashbulb memory is a highly detailed, exceptionally vivid 'snapshot' of the moment and circumstances in which a piece of surprising and consequential (or emotionally arousing) news was heard. The intense emotional experience associated with such an event can lead to a vivid and long-lasting memory, even if the details of the memory are not entirely accurate. The events of September 11, 2001 were highly consequential and emotionally arousing for many people, making them a prime example of a flashbulb memory.
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Explain the difference between consumption and investment.
Discuss in which category you would place housing and education.
Answer:
Consumption refers to the use of goods and services for personal satisfaction or immediate needs, while investment refers to the acquisition of assets that are expected to generate income or appreciate in value over time.
Housing can be considered both consumption and investment, as it provides both shelter and potential appreciation in value over time. The portion of the cost of housing that goes towards providing shelter is consumption, while the portion that represents an investment is the potential future return on investment from appreciation or rental income.
Education, on the other hand, is generally considered an investment, as it involves acquiring skills and knowledge that can increase future earning potential and lead to higher levels of income over time. While education can also provide personal satisfaction and enjoyment, its primary purpose is to increase future earning potential, making it an investment.
Explanation:
System developers can initiate a formal project as early as the preliminary investigation stage, or later on, as analysis, design, and implementation activities occur.A. True
B. False
The correct option is A. This statements is True. System developers can start a formal project as early as the preliminary investigation phase.
This is when the developer begins to evaluate the current system and identify the needs and at the same time requirements for improving the system. During this phase, the developer would also create a project charter that outlines the overall project goals along with timeline for completion. After the preliminary investigation phase is completed, the project can move to analysis, design and implementation. Once the system is deployed, the project is complete and the system is ready for use.
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Which of the following is one of the main benefits that FDI provides to the home country?Multiple ChoiceThe home country's balance of payments benefits from the inward flow of foreign earnings.FDI benefits the home country by substituting domestic production.FDI increases employment in the home country in the short run.The balance of payments position improves from the initial capital outflow required to finance the FDI.The demand for exports from the home country will reduce in the long run.
The inflow of foreign earnings helps the home country's payment balance to improve. (A) is the correct answer.
When complete control of the foreign subsidiary is not required, licensing is a good option for entering a foreign market. According to the free market viewpoint, international manufacturing should be divvied up among countries based on comparative advantage theory.
The amount of FDI conducted more than a certain amount of time is referred to as the flow of FDI (normally a year).
In accordance with the eclectic paradigm, location-specific advantages play a significant role in explaining the rationale for and direction of investments from abroad. Greenfield investment entails establishing a new business in a foreign country.
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what is the easiest type of capacity deficiency to prove?
The easiest type of capacity deficiency to prove depends on the specific context and industry, but in general, a deficiency related to physical capacity may be easier to prove than one related to human or organizational capacity.
A capacity deficiency is a situation in which an organization does not have enough resources to meet demand. It can be caused by a variety of factors, including insufficient physical capacity, such as a lack of equipment or facilities, as well as a lack of human or organizational capacity, such as a shortage of skilled labor or managerial expertise.
The easiest type of capacity deficiency to prove would depend on the specific context and industry, but generally, physical capacity deficiencies may be easier to demonstrate because they can be more easily quantified and measured compared to human or organizational capacity deficiencies, which may be more subjective and difficult to measure.
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what does value additivity mean for a firm? multiple select question. all projects with positive npvs will add an equal amount of value to a firm. a new project will always add value to a firm. the value of a firm is simply the combined value of the firm's projects, divisions, and entities owned by the firm.
1. Each projects' NPV values can be totaled up.
2. A company's value is just the sum of the values of all its projects, divisions, and other entities that it owns.
What does a firm's value additivity entail?Value adduction. implies that any project's contribution to a company's worth is simply its NPV. Reduced Rate. Since the corporate investment in the project eliminates the stockholder's ability to invest the same money in a financial asset, this expense is referred to as an opportunity cost.
What other names are given to value additivity?This statute is often referred to as the Value or the Conservation of Investment Value. According to the Value Additivity Principle (VAP), the equilibrium value of numerous assets bundled into a single unit equals the sum of the components.
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consider the information about the economy of pakistan. note that the currency of pakistan is the rupee. the government purchases: 3.40 3.40 trillions of rupees. individuals consume: 11.00 11.00 trillions of rupees. individuals save: 5.45 5.45 trillions of rupees. businesses invest: 1.65 1.65 trillions of rupees. foreigners spend: 0.50 0.50 trillions of rupees to purchase pakistani firms. pakistan imports: 2.48 2.48 trillions of rupees. pakistan exports: 1.32 1.32 trillions of rupees. calculate pakistan's gdp. assume that the values are all current and no conversions need to be made. give your answer in terms of trillions of rupees, and round to two decimals.
The GDP of Pakistan is 14.89 trillion, assuming that the values are all current and no conversions need to be made.
What is GDP?Gross domestic product (GDP) is a monetary measure of the market value of all final goods and services produced and sold by countries in a given time period.
The formula to compute the GDP is given below:
GDP = Consumption + Investment + Government purchase + Net exports
where,
Consumption = 11.00trillions
Investment = 1.65 trillions
Government purchase = 3.40 trillions
Net exports = Exports - imports
= 1.32 trillions - 2.48 trillions
The Pakistan's GDP would be
= 11.00 trillions + 1.65 trillions + 3.40 trillions + 1.32 trillions - 2.48 trillions
= 14.89 trillions
Therefore, 14.89 is the GDP of Pakistan.
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1. Quantitative technique complements the experience and judgment of an executive in decision making they do not and cannot replace it. Discuss
Quantitative methods support an executive's experience, judgment, and decision-making. They can neither replace it nor do they. In the perspective of the current corporate landscape, discuss the statement.
Which theory addresses the application of quantitative methods to enhance decision-making?Cost-Benefit Evaluation Cost-benefit analysis is a method for making decisions using numbers. It is a mathematical method for assessing the financial costs social advantages of a given course of action.
Quantitative procedures are those that offer the decision maker a systematic and effective way to conduct analysis and support the exploration of strategies for reaching predetermined goals based on quantifiable data.
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