A Bridge Costs $450 000 to Build and $12 000

question 20

Essay

A bridge costs $450 000 to build and $12 000 per year to maintain. The bridge is repaved every 10 years for $300 000. Assume that the bridge will last for 60 years and that the annual interest rate is 8%. How many crossings are needed daily to justify the bridge if each user's willingness to pay for the crossing is $2?

Acknowledge the complications associated with planned change in organizations and strategies to address them.

Understand different strategies for overcoming resistance to change.

Recognize the role of participation, persuasion, and empowerment in managing change.

Identify the conditions under which technological change is most beneficial to organizations.

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Definitions:

Supreme Being

A term referring to a deity or god considered most powerful or the creator of the universe in various religious beliefs.

Old Testament

The first part of the Christian Bible, comprising texts originally written in Hebrew and covering the history, laws, and teachings of ancient Israel.

Ayurvedic Medicine

Ayurvedic medicine is a traditional Indian system of medicine that focuses on balancing body, mind, and spirit to prevent and treat illness through lifestyle practices and the use of herbal remedies.

Scientific Evidence

Information derived from scientific research and methods that serves to support or refute a hypothesis or theory.