Answer:
The answer is <em>elastic; decrease</em>
Explanation:
Price elasticity of demand (PED) = %change in QD/ %change in price
PED = (2-1.55/1.55 ) * 100 / (160-220/220) *100 = 1.065
PED is elastic
Total revenue before price change = 1.55*220= $341.00
Total revenue after price change = 2* 160 = $320.00
Total revenue decreased by $21.00
Answer:
D) declaring victory too soon
Explanation:
John Kotter in this theory of leadership explains the concept and importance of change. He basically believes that the company shall be currently functional.
By the term currently functional he means that the company shall be updated and working on with the current market trend. This means the company shall not be resistant to change and that the management shall take a note of it.
Further in the moving scenario there is no freezing point - the company shall constantly work on the new things which it can improve and excel.
Thus, final confirmation cannot be made soon as towards the change made.
The correct answer is False
Explanation:
A cash budget refers to a tool used to predict and control the amount of money that would be spent, this applies to the money that is expected will be spent in a business during a certain time or the money that is expected to be spent for a project. Due to this, in projects, a cash budget is useful to identify possible problems related to the budget or money including possible problem times. According to this, it is false a cash budget will not help identify possible problem times because is useful to predict problems related to money and time.
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