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Lostsunrise [7]
3 years ago
14

Which factor endowment would be classified as a basic factor by Michael Porter?

Business
1 answer:
bija089 [108]3 years ago
5 0

Answer:

The correct answer is letter "C": natural resources.

Explanation:

Factor endowment refers to the factors of production -<em>land, labor, capital, and entrepreneurship</em>- a nation has available for manufacturing. Countries with more factors of production available tend to be richer than those that do not. Possessing more factor endowments available can also play a key role for countries to establish a comparative advantage compared to other nations.

Therefore, <em>American economist Michael E. Porter (born in 1947) is likely to consider natural resources a  basic factor endowment while skilled labor force, for instance, would be considered as an advanced factor of production. </em>

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Gray uses Hofstede's cultural values that were discussed in Chapter 1 to:
Mrac [35]

Answer:

a. Set forth accounting values that can be used to define a country's cultural foundation with respect to financial reporting.

Explanation:

Gray Hofstede's presented six dimensions of cultural values. Power distance index, Individualism vs collectivism, Masculinity vs Femininity, Uncertainty Avoidance Index, Long term vs short term orientation, Indulgence vs Restraint. He used footing for comparing state based accounting values. He set accounting values to define a country's cultural foundation with respect to financial reporting.

3 0
3 years ago
Orson takes harrison's car without harrison's permission and without just cause. orson has probably committed the tort of conver
Verdich [7]

Orson has probably committed the tort of conversion unless he can show that <u>"Harrison does not really own the car."</u>


Conversion is an intentional tort comprising of taking with the goal of practicing over the property a proprietorship conflicting with the genuine proprietor's privilege of possession". In the United Kingdom, it is a tort of strict liability. Its counterparts in criminal law incorporate robbery or burglary and criminal change. In those wards that remember it, criminal transformation is a lesser wrongdoing than burglary/theft.

3 0
4 years ago
_____________is a set of approaches used to integrate the functions of operations management, logistics management, supply manag
Ivenika [448]

Answer:

<u>Supply chain management</u>

Explanation:

Supply chain management refers to a system of organizations, people, activities and information which are involved in the movement of products from the suppliers to the customers.

Such activities transform the inputs into finished products which are delivered to the end customers.

Logistics refers to the activities concerned with efficient movement and transportation of goods and products to the customers. This involves making the product available when and where required and within a specified time frame to yield customer satisfaction.

Operations management is conerned with ensuring effcient business operations with optimal utilization of resources and minimum possible wastage.

Marketing channel management refers to channels of distribution to be selected for making goods and products available such as wholesellers, retailers, etc.

Thus, supply chain management integrates the functions of logistics management, operations mangement, marketing channel management and supply management, to ensure products are available in the right quantities, at right places and at the right times.

3 0
3 years ago
An ethical decision-making process should be followed to ensure sound moral judgments are made (Harman, 2017). In the profession
emmasim [6.3K]

Answer

The answer and procedures of the exercise are attached in the following archives.

Step-by-step explanation:

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.  

Download xlsx
7 0
4 years ago
Which of the following statements is FALSE?A. A stock split is an increase in a firm's shares outstanding without any change in
Stolb23 [73]

Answer:

The false statement is letter "C": A stock buyback refers to the purchase of the firm's shares of stock by the firm's debt holders.

Explanation:

A stock buyback refers to <em>publicly traded companies buying back their shares from shareholders</em> -not debt holders as in option "C". This reduces the number of outstanding shares in the market and typically in simple market dynamics raises the stock price. Companies fund their buybacks with excess cash. since they do not find any other better destination for that money.

8 0
3 years ago
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