Answer:
An Industry refers to organizations that develop similar offerings.
Explanation:
An Industry is a group of companies or organizations that are involved in the production of similar products and delivery of similar services.
For example, the pharmaceutical industry involves different pharmaceutical companies that offer the same products and services.
The construction industry involves different companies that offer construction services.
Answer:
B. Watching TV
Explanation:
Opportunity Cost is the cost of <u>next best alternative</u> forgone while choosing an alternative.
Eg: If I can consume apples & oranges, I like apples more than oranges. The opportunity cost of apples consumption is the next best option i.e oranges forgone.
As per given preferences : Book Reading > Watching TV > Listening Music
( '>' refers to preferred over)
The opportunity cost of Book reading is the next best option sacrifised i.e Watching TV.
Answer:
d. $78,140
Explanation:
First, calculate their gas reimbursement: 36,000 x $0.54 = $19,440. Then, add all of the reimbursements up. Total is $78,170. Then, you need to deduct the $600 per month that is being payed each month. That total is $7,200. The total they make would be b. $70,970
Answer:
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Explanation:
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A Teamwork is affected by lack of diversity