Yvonne and Rodney should determine which "has the comparative advantage in dish washing."
Comparative advantage is a economic term that alludes to an economy's capacity to create products and enterprises at a lower opportunity cost than exchange accomplices. A comparative advantage enables an organization to offer products and ventures at a lower cost than its rivals and acknowledge more grounded deals edges.
A standout amongst the most critical ideas in economic theory, similar preferred standpoint spreads out the case that all performing artists, consistently, can commonly profit by collaboration and deliberate exchange. It is likewise a basic rule in the theory of international trade.
Answer:
a. $519
b. $481.69
c. $500 Today
Explanation:
a. Computation of amount in one year
= $500 × 1.038
= $519
for computing the 1.038 (1 + 1.038)
b. Computation of amount of today
= $500 ÷ 1.038
= $481.69
c. $500 today
No, because today I have money and it will not depend on when I need the money. I can earn interest and invest the amount till the time I need the money actually.
Treasury bill
<span>It's a short-term debt backed by the U.S.
government with a limit of one year, It's sold in denominations
of $1,000. The maximum purchase is $5 million </span>
A sense of urgency - in order for the business to grow, it has to have a sense of urgency and refrain from procrastination. It has to act fast and not be left behind by new business. Plan and act are the keywords.
Building a guiding coalition - a business cannot stand alone. It needs people to help it grow. We have to interact with others who may be able to help us with ideas and purpose.
Form strategic visions and initiatives - we have to know what we want in the future and must act to become that future.
Enlist a volunteer army - get someone knowledgeable and enthusiastic to start going with the future vision of the company.
Enable action by removing barriers - Have a straight vision of what you want for your business, don't look at the different direction that will just hamper your growth. Do strategies, visioning and have focus.
Sustain Acceleration - when you are gaining your goal, don't stop. Just continue to grow and make the most of every opportunity.
Institute Change - Be adaptive to the changing world. Upgrade and go with how things flow without sacrificing your goal.
Because very young children in poor areas of the world will be making clothes for the company to improve their profit whilst the children making them get paid close to nothing
