Answer:
The correct answer is option a.
Explanation:
The initial price of movie rentals is $3.25.
The initial quantity is 100.
The price falls to $3.
This causes demand to rise to 120.
The price elasticity of demand a ratio of change in quantity demanded to change in price level.
The elasticity is calculated at -2.25, through the process given in images.
The price elasticity of demand here is greater than 1 which means it is elastic.
So, option a is the correct answer.
The future worth of the periodic payment, in this case, annual, can be calculated through the equation,
FV = P x ((1 + r)^n - 1)/ r))
where FV is the future value, P is the periodic payment, r is the interest rate, and n is the number of years. Substituting the known values,
2,000,000 = P x ((1 + 0.06)^30 - 1)/ 0.06))
The value of P from the equation is $25,297.82
Hence, the answer to this item is the fourth choice.
Answer:
<em>B. Critical success factors (CSFs)</em>
Explanation:
Critical Success Factors, or CSFs, <em>are measures of incentives, events, or requirements needed within such a program or task to achieve a goal. </em>
Prometheus Corp. measures it's staffs performance in the company and awards it accordingly.
These factors vary by organization, representing current and future priorities. Whether it was a restaurant, an insurance broker or a vendor, planning the approach with those things that allow the company to accomplish its task is important.
Such crucial factors mostly have a significant impact on how productive and efficient an organization is in achieving strategic objectives inside the project and are critical to maintaining a competitive edge.
A central bank raises interest rates on reserves
The invesment that may be long term is retirement funds as it will only be used when the person that made that investment will get there money when they retire.
