The correct statement is that the Native Americans used to exchange furs for manufactured goods. Such practice of goods in exchange for goods is known as barter system. So, the correct option is C.
Barter system is one of the oldest form of trade and exchange system that has been in existence even before the invention of currency for the purpose of exchange.
<h3>Barter System</h3>
- The barter system refers to as a system under which goods and commodities are traded for the exchange of excess goods and commodities.
- The barter system has its own discrepancies and faults as there was no specific medium of exchange and this necessity led to the invention of currency notes and coins.
- The Native Americans were mostly Indians and carried hunting of animals and hence the furs obtained from animals was in excess with them and as a result, it was exchanged for finished goods.
Hence, the correct option is C that the Native Americans used furs for the exchange of manufactured goods during the days of barter exchange system.
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Answer:
Return on company's stock = 15.6%
Explanation:
<u><em>The capital asset pricing model (CAPM)</em></u><em> relates the price of a share to the market risk or systematic risk. The systematic risk is that which affects all the all the economic agents, e.g inflation, interest rate e.t.c</em>
Using the CAPM , the expected return on a asset is given as follows:
E(r)= Rf +β(Rm-Rf)
E(r) =? , Rf- 6%, Rm- 14%, β- 1.2
E(r) = 6% + 1.2× (14- 6)%
= 6% + 9.6%
= 15.6%
Return on company's stock = 15.6%
Answer:
<u>Skills inventory</u>
Explanation:
Skills inventory refers to the skills stored in an individual i.e one's capabilities and skills.
Skills inventory assessment makes an employer identify how well an employee would be able to meet the skills required at the job and how those skills would aid in the achievement of organizational goals.
It refers to assessing and understanding the competencies of the current staff by an organization.
For the above purpose, businesses may use commercial software or database management systems (DBMS).
In the given case, the HRM specialists exercised the option of using computer network in addition to database management system, to develop a skills inventory , post which, the company is able to successfully identify specific organizational skills.
According to dr. w. Edwards Deming's quality movement and quality efforts need to be constantly and consistently improved.
Deming is widely recognized as one of, if not the founders of total quality management. Deming is largely credited with the revolution in Japanese manufacturing management that led to the economic boom of the 1970s and 1980s.
In the 1930s, Deming was intrigued by the idea of using statistics to improve quality control. His focus was on improving production and eliminating future failures by systematically collecting failure records and investigating and correcting root causes.
Deming's philosophy known as Dr. Deming's "Management Theory" and later "systems of profound knowledge" represent a holistic approach to leadership and management. philosophy brings together an understanding of variation, epistemology, psychology, and appreciation of the system.
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