The best way to encourage employees to think creatively is to be able to have a writing board that could be always or readily available for employees in which could be of used in sketching ideas. This will make them to open up and think of ideas that would be of help to the company, in the same time, it does not involve pressuring the employees, by this, it will help them to think more freely and express their ideas more creatively.
Answer:
Option d: Production function describes the maximum output that can be achieved with any given combination of inputs. An isoquant identifies all of the different combinations of inputs that can be used to produce one particular level of output.
Explanation:
Factors of Production
They includes Inputs in the production process (labor, capital, materials)
Production Function
This simply is that function that is displaying or showing highest output firm can produce. It depicts what technically feasible is and when firm operates efficiently.
Isoquant
This is simply refered to as a curve tbat depicts or shows all possible efficient combinations of input that are very able to produce a certain quantity of output. It usually a downward sloping and convex and it can never slope upward. This shows also that adding more inputs keeps output constant.
Isoquant Map
This is simply a graph showing a combination of a number of isoquants, used to describe a production function.
Answer:
The correct answer is letter "C": The change should be reported retroactively.
Explanation:
Changes in Accounting Principles happen when a company switches between various generally accepted accounting principles or adjusts the process by which a rule is applied. Those changes can take place in accounting mechanisms for Generally Accepted Accounting Principles (<em>GAAP</em>) or International Financial Reporting Standards (<em>IFRS</em>).
When the changes happen, companies must apply it <em>retrospectively </em>to all previous accounting periods, as if the norm would have been always there.
Answer: <em>Option (d) is the correct answer.</em>
Ben view the investment by government as a way to jump start a weak economy, i.e. investment by government will allow industries to hire new employees or workforce in order to meet production demand. Thereby increasing government spending through investing in construction of road and bridge, Ben assumes that the state will intervene in market to help revive a weak economy.
