The statement is false. According to Ten Principles of Economics the statement is false.
Among the Ten Principles of Economics is that a nation's ability to generate products and services determines its standard of living. Only a country that can create a lot of products and services can have a high level of living. Since American workers are more efficient than Nigerian workers, Americans have a higher standard of living. Because Japanese employees' productivity has increased more quickly than that of Argentine workers, the Japanese have experienced a higher rate of living standard growth. George Mankiw's book Principles of Economics lays out a fundamental set of rules that are economically sound theories that can be verified.
Countries that have had higher output growth per person have typically done so without higher productivity growth.
True
False
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Answer:
A. Conducting exploratory research may include talking to customers and retailers, and/or evaluation of available competitive data.
Answer:
The options for answering this question are:
to. feedback
b. data gathering
c. interviews
d. diagnosis
The correct answer is: d. diagnosis
Explanation:
The Business Diagnosis is a simple and very useful tool for the purpose of knowing the current situation of an organization and the problems that prevent its growth, survival or development. It is a process of several studies carried out in the production, services and production companies. Commerce. It allows us to identify and know a series of problems to propose an action plan that guides the future of the organization.
The main objective of the business diagnosis is the location and analysis of existing failures at different levels in the company, and to be able to come up with a range of solution alternatives based on an action plan that is consistent with the comprehensive analysis of the organization.
The diagnosis should be in the shortest possible time and the plan that you prepare for this purpose should show how to obtain good results, preferably in the short term.
Answer:
AC Problems : Incurred even at 0 output level, much varying & deviant from cash flows
VC Problems : Doesn't include fixed cost, incomplete expenditure, incomplete financial (accounting) statements.
Explanation:
Average Cost is the cost per unit off output.
Problems with AC as a performance measure :
- It includes all (fixed & variable cost) average. So, including fixed cost, it is not zero even at zero output level.
- It's variance analysis during production & cost phases is very complicated.
- It's result are deviant as evident from cash flows.
Variable Cost is the cost incurred on variable factors of production.
Problems with VC as a performance measure :
- It doesn't include fixed cost. So, it is not a correct measure of complete total expenditure.
- Fixed costs are huge. No financial inclusion of them makes accounting information unreliable (for legal purposes)
