C. The tools and processes that surround us to gather and interpret data can be defined as an information technology environment.
Our environment is what surrounds us - so if the environment is technological, then different types of technologies and tools are what fall under that category.
The contingency viewpoint
This is a behavioural model of administration underscoring the contrasts between each issue or test an entrepreneur faces over a given timeframe.It helps an entrepreneur or a business executive to ensure he or she is utilising the possibility of every available way to deal with critical thinking looks at a wide assortment of components while deciding workable answers for every working environment issue
Answer:
Comparative advantage differs in that it takes into consideration the opportunity costs involved when choosing to manufacture multiple types of goods with limited resources.
Explanation:
The most tipycal example is the sustancial different between communist and capitalist economist in the 20th century
While the USSR and CHINA focus resources into specific areas like military, space program and other, the rest of the economy halved sustancially while the US and other OTAN members manage to acomplish the same amount of military or lower in some cases(USSR have more missiles and Atomic Boms than US), their economies thrived as their didn't renounce to the production of consumer good to make this.
Another example is the metal en road production While communist China used forced labor and thousand of people they manage to do more road than Europe but Europe used much less worker and thus, lower opportunity cost. and more of other goods could be produced.
Answer:
$300
Explanation:
The economic cost is the sum of implicit cost and explicit cost.The implicit cost is the cost by implication, which is the cost of alternative forgone.
The explicit cost is the actual cost requiring actual cash flow in settling it.
Economic cost=cost of new kindle+cost of alternative forgone(new pair of boots)
Economic cost=$150+$150
The explicit cost is also the cost incurred from accounting point of view
