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3 years ago

For much of the first half of the twentieth century, managers viewed work specialization as ________.

1 answer:

4 0

For much of the first half of the twentieth century, managers viewed work specialization as an unending source of increased productivity.
Since specialization was fairly new in the twentieth century, when employees were given special tasks to complete for work versus doing a little bit of everything, they noticed their productivity levels increasing. When people are able to focus on one thing they are really good at instead of a lot of things they are decent at the rate of productivity increases.

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The underlying reason why trade benefits both sides of a trading arrangement is rooted in the concept of __________________.

Marysya12 [62]

Answer:

opportunity cost

Explanation:

The concept of Opportunity cost deals with the idea that individuals, investors, or business owners, due to scarcity of resources, lost possible benefits that could be gained, as he or she chooses alternative choice.

Hence, the underlying reason or factor trade benefits both sides of a trading arrangement is rooted in the concept of OPPORTUNITY COST.

Therefore, the right answer is Opportunity cost.

7 0

3 years ago

suppose the following two events occur in the domestic market for radiologists: a. some hospitals are outsourcing some radiology

Zolol [24]

Answer:

The equilibrium quantity falls and the effect on the equilibrium wage of radiologists is indeterminate.

Explanation:

Here are the options to this question :

What is likely to happen to the equilibrium wage and quantity of radiologists following these twoevents?

A) The equilibrium wage and the equilibrium quantity of radiologists fall.

B) The equilibrium quantity falls and the effect on the equilibrium wage of radiologists is indeterminate.

C) The equilibrium wage falls and the effect on equilibrium quantity of radiologists isindeterminate.D

) The equilibrium wage and the equilibrium quantity of radiologists rise

As a result of event A, there would be a decrease in the demand for radiologists. As a result, there would be a leftward shift of the demand curve for radiologist. This would lead to a reduction in equilibrium price and quantity

As a result of event B, there would be a decrease in the supply radiologists. As a result, there would be a leftward shift of the supply curve of radiologist. This would lead to a reduction in equilibrium quantity and a rise in equilibrium price.

Taking these two effects together, the equilibrium quantity falls and the effect on the equilibrium wage of radiologists is indeterminate.

3 0

3 years ago

Assuming the total population is 100 million, the civilian labor force is 50 million, and 44 million workers are employed, the u

TiliK225 [7]

Assuming the total population is 100 million, the civilian labor force is 50 million, and 47 million workers are employed, the unemployment rate it: 6 percent. The natural rate of unemployment is the: full-employment unemployment rate.

6 0

3 years ago

When a firm gets so large that coordination and management of workers and other inputs becomes costly and difficult, it is exper

elena55 [62]

Answer:

The correct answer is the option A: Diseconomies of scales.

Explanation:

To begin with, the concept known as <em>''diseconomies of scales''</em>, in the field of economics and management, refers to the situation where an organization finds itself in problems due to the fact that a large production is being produced by them and the coordination and management of that large production is beginning to cause trouble and that impacts in the fact that the company will produce good or services with an increase in the cost per unit of the products.

7 0

3 years ago

The required return on equity for an all-equity firm is 10.0 percent. They are considering a change in capital structure to a de

Sladkaya [172]

Answer:

The new cost of capital if this firm changes capital structure is 1.3

Explanation:

From the provided information:

All equity beta = 1

New D/E ratio = 0.5

Then, the new capital structure with levered beta is given by:

new capital structure = All equity beta *(1 + D/E*(1 - tax rate))

= 1*(1 + 0.5*(1 - 40%))

= 1.3

Therefore, The new cost of capital if this firm changes capital structure is 1.3

5 0

3 years ago

For much of the first half of the twentieth​ century, managers viewed work specialization as​ ________.

For much of the first half of the twentieth century, managers viewed work specialization as ________.