About 24.9% workers were unemployed
Answer:
Administrative
Explanation:
The theory of management that is being described is known as the Administrative management theory. This theory tries to come up with a rational way of designing an organization so that it works as a whole entity. Doing so allows for the organization to function at the highest efficiency and effectiveness levels, which overall brings lower costs and increased profits for the organization.
Answer:
In addition to the explicit costs and revenues used by accountants, economists include all implicit costs and revenues when calculating profit. This means that they include opportunity costs and changes in the value of any assets owned by the firm.
Explanation:
accounting profit = total revenues - total explicit costs
- explicit costs include all the actual measurable expenses like manufacturing costs, selling costs, etc.
economic profit = accounting profit - opportunity (implicit) costs
- opportunity or implicit costs are extra costs incurred or benefits lost from choosing one activity or investment instead of another one
Well, she could not get a refund. So her best option is the sell the gym and RENT a yoga studio so she doesn't get disappointed again.