Answer:
The main difference between accounting and economic Profit is that accounting profit refers to monetary revenue minus monetary costs which includes any type of cost in the organization in the form of rents, salaries, material costs etc. Economic profit refers to the monetary revenue minus total cost.
Explanation:
Answer:
The correct answer is rational decision making perspective.
Explanation:
The "rational model" or "absolute rationality" of decision-making consists of five phases:
-
Define the objective
- Gather information
- Identify the possible options
- Evaluate alternatives
- Experience the effects
However, making a decision is not just an exercise in rationality, an orderly and effective execution of a sequence of actions. In the practice of organizations, taking into account the importance of risks and limitations (resources, time, available information, etc.) within which the decision must be made, it is often not possible or convenient to explore all alternatives and evaluate all the consequences analytically. We can rely on the experience and judgment of the decision makers, who renounce to pursue an optimal solution for a simply satisfactory one. We speak in this case, using an expression created by Herbet Simon, of "limited rationality."
Obviously, in the practice of decision-making processes, there is always the possibility that we should return to an earlier stage or even that the process does not reach the end (that is, choose not to decide). In addition, in an organizational context there are always social actors that guide their actions according to strategies aimed at maintaining or developing their power of decision and influence. Therefore it is questionable that adherence to the rational model is always the best way to make decisions.
No because its a resource that cant be depleted because it's energy which cant be created or destroyed, and there are many ways of producing it.
<span>Michael mixed three colors of paint and came up with black. this is an example of subtractive color mixing. When you mix together subtractive colors eventually the light is subtracted from them giving off a black color tone. These colors change with the light but can cancel each other out easily. </span>
Answer:
These are the options for the question:
A)The main competitor of Barton & Green outsources all IT functions.
B) Outsourcing will enhance Barton & Green's competitiveness.
C) Barton & Green's employees frequently need IT support, so it is best to outsource the IT infraestructure.
D) Barton & Green has proprietary technology and processes.
And this is the correct answer:
B)Outsourcing will enhance Barton & Green's competitiveness.
Explanation:
The most compelling argument for Barton & Green to outsource its IT infraestructure to India is that it will enchance the firm's competitiveness. This is probably because salaries in India are cheaper, making outsourcing a good way to reduce costs, leading to reductions in the price of the products that Barton & Green offers.
