Find the range in the following data 9, 15, 6, 20, 24, 18, 12, 8, 20, 10, 5.
24
5
19
12
Correct answer is C
Range is the difference between the highest and the lowest value in a set of data.
Highest value = 24
Lowest value = 5
The range = 24 – 5
= 19
Which of the following will shift the demand curve for Bournvita to the right
A rise in price of Bournvita
An increase in income
A tax on cocoa producer
A fall in price of Bournvita
Correct answer is B
A shift in demand means that at any price (and at every price), the quantity demanded will be different than it was before. It caused by a change in the number of consumers, a change in the distribution of tastes among consumers, a change in the distribution of income among consumers with different tastes. Price does not affect the shift of a demand curve.
From the given options, B correctly fits into this narrative.
A market will be at equilibrium when
Demand and supply are equal
Demand is greater than supply
Price is higher
Supply is greater than demand
Correct answer is A
If demand and supply are equal, it brings the market to the point of equilibrium because equilibrium price is the price where quantity demanded and quantity supplied are equal.
All the following are types of specialization except
Manager Specialization
Product specialization
Specialization by sex
Geographical specialization
Correct answer is A
The types of specialization are product, process, geographical/territorial specialization and specialization by sex or gender. Manager specialization can be categorized under process specialization because it is a situation whereby worker are specialized on a particular production process.
The ownership of a public limited liability company is made up of
Two to twenty persons
Minimum of two and maximum of fifty
Minimum of seven and no maximum number
Owner owned by the government
Correct answer is C
In order for a company to be public , it should have a minimum of 7 members (maximum unlimited). Limited liability: The liability of a public company is limited. No shareholder is individually liable for the payment.