Answer:
The answer is e. growing
Explanation:
The reason international business will continue to grow is because no nation can meet all its needs by itself. There will always be importation and exportation. This is where Comparative Advantage comes in.
What is comparative advantage?
- Simply put, this is the ability of a company or an economy to produce and sell goods and services at a lower price than its competitors, and still realize a larger sales margin. This theory was introduced by the English political economist David Ricardo in 1817.
Another reason why international trade will continue to grow is because of Absolute Advantage.
- Absolute advantage refers to the ability of an economy or a company to produce more or better goods and services than its others.
Let us assume that country A cannot produce its own oil, but country B can. In this scenario, country B has Absolute advantage over country A, therefore country A will naturally import oil from country B regardless of whether there are trade restrictions between them. This is because country A must fulfill its oil needs whether it likes it or not.
Answer:
The correct answer is: b. conducting needs assessment.
Explanation:
Needs assessment often begins with a rigorous analysis of existing processes. This process will identify deficiencies and potential areas for improvement. Having identified the improvement needs, an analysis of the available technology, including an investigation of the methods used by other authorities, may indicate that there are one or several technological solutions to those needs.
At this stage it is possible to follow different consultation courses simultaneously:
Technical advisors can determine if the proposed technological solution is appropriate for the purpose set.
Financial advisors can estimate its cost and determine if it is affordable (see Affordable Prices and Budgeting).
Project administrators can determine if there is support within the electoral body for incorporation.
Senior officers may consult interested parties regarding the proposed change, if appropriate.
Alternative solutions can be explored to determine if there are less expensive or more effective options - not necessarily all solutions must be technological.
At the end of the needs assessment, there is likely to be a solid understanding of the need for change and a clear indication of the most appropriate option to meet the needs. This information can be used to prepare the next phase of the project development and implementation strategy, the business plan.
Traditionally, small businesses tended to be concentrated in the retail or retailing industry.
The retail industry involves a business that sells good or services to a consumer. The sell these items based on the demand of the good or service. Even today, the retail industry is growing fast and still one of the main focuses of small businesses.
Given:
Actual Production 6,000 units @ 1.5 standard hours per unit.
Budgeted hours: 10,000
Fixed overhead cost per unit is $0.50 per hour.
6000 units * 1.5 std. hrs/unit = 9,000 hours
Actual hours: 9,000 hours * $0.50 per hour = $4,500
Budgeted hours: 10,000 hours * $0.50 per hour = $5,000
Fixed Factory Overhead Volume Variance = $5,000 - $4,500 = $500 UNFAVORABLE.
It is unfavorable because the production is inefficient. It is more favorable if the produced units are higher than 6,000 units and the actual hours of production are more than the budgeted hours of production.
