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1 year ago

which stakeholder group includes a network of relationships that supply a company with the inputs it needs to operate?

1 answer:

8 0

Every business has a network of connections with other businesses that provide it with the inputs it need to run. These connections are known as suppliers and distributors.

Commonly, shareholders, employees, customers, suppliers, and, in rare cases, local communities will make direct claims on behalf of stakeholders.

The managers are mostly in charge of determining the organization's goals. Managers are those who are in control of certain divisions or departments.

What are the four different stakeholder types?

A typical corporation's investors, employees, clients, and suppliers make up its main stakeholders.

The internal stakeholders of a firm are the management, directors, and employees. To ensure that they are compensated and keep their positions, firm employees are motivated by the success of the business.

Learn more about suppliers and distributors here:

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3 years ago

What is the range for the relative price of cloth such that the economy produces both cloth and food? From _______ to _______ .

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The answer is explained in detail below

Explanation:

$a_{KC} = 2$

$a_{LC} = 2$

$a_{KF} = 3$

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Labour constraint,

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Capital constraint ,

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Solving the equation further, we get

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The range for the relative price of cloth such that the economy produces both cloth and food is 2/3 and 2

Low cloth production → economy will use relatively more labor to produce cloth → opportunity cost of cloth is 2/3rd units of food.
High cloth production → economy dips on labor → taking capital away from food production → raising opportunity cost of cloth to 2 units of food.

If relative price of cloth lies between 2/3 and 2 units of food, the economy produces both goods.
If the price of cloth decreases below 2/3 → complete specialization in food production → low compensation for producing cloth
If the price of cloth rises above 2 → complete specialization in cloth production → low compensation for producing food

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The preparation of the statement of changes in stockholders' equity is presented below:

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Statement of changes in stockholders' equity

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Beginning retained earning $0

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