Bob's Barber Shop Gave 3,000 Haircuts in the Year 2011

question 31

Multiple Choice

Bob's Barber Shop gave 3,000 haircuts in the year 2011 and 3,100 in the year 2012.The price of a haircut was $7 in 2011 and $8 in 2012.If the year 2011 is the base year,what was Bob's contribution to nominal GDP in the year 2011?

• A) $21,000.
• B) $21,700.
• C) $24,000.
• D) $24,800.
• E) $25,000.

Understand the characteristics and types of investments, including stocks, bonds, mutual funds, and other financial instruments.

Identify the sources of investment information and services.

Recognize the importance of diversification and risk management in investment planning.

Learn the principles of effective investment planning and the steps involved.

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Definitions:

Strategic Business Issues

Significant challenges or opportunities that affect an organization's strategy and business direction.

Training Effectiveness

The degree to which training programs achieve their intended outcomes, such as improving skills, knowledge, or job performance.

Orientation

The process of introducing new employees to their job, the company culture, and the organizational values and expectations.

Hospitality Experience

Refers to the quality of service and atmosphere that businesses in the hospitality industry provide to guests, aiming for a positive and memorable stay or visit.