The method of communication which is likely to be most effective for conveying sensitive or important information Short face-to-face meetings.
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What is Effective Communication?</h3>
Effective communication refers to the process of exchanging ideas, thoughts, opinions, knowledge, and data so that the message is received and understood with clarity and purpose by the communicating parties.
Effective communication is centered on the ability of both parties to fully understand what was communicated and a very precise way of doing this is through short face-to-face meetings.
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Answer:
a. Domestic producers require time to gain experience and lower their unit costs; this will allow these producers to compete successfully in international markets.
Explanation:
According to the infant-industry theory, new industries in emerging and developing economies need protection for unfair competition from industries in advanced economies. The new industries need time to grow and develop economies of scale that can match those from more developed economies.
Economists describe infant industries as those in their early stages of development and, as such, cannot compete favorably with established rivals. Proponents of Infant-economies protection argue that infant industries need protection from international competitors capable of flooding domestic markets with cheaper goods. Protection assist infant industries to mature and develop economies of scale.
Answer:
The correct answer is C
Explanation:
Money is the term which is described as something which serves as exchange medium, store of value and a unit of accounting. It is a exchange medium in the terms, that the person will agree to receive it by making a transaction.
In short, when depositing the money into any financial institution like banks, then this states the store of value function of the money.
Therefore, the one which is not the function of money is that it has the operations in the open market.
Answer:
b. In the first economy, the spending multiplier is greater than in the second economy. In the third economy, the spending multiplier is undefined
Explanation:
This can be easily understood by going through some calculations in a spending multiplier formula.
WORKINGS
The formula for Spending Multiplier =
Spending Multiplier
Economy 1: Multiplier = = 2
Economy 2: Multiplier = = 1
Economy 3: Multiplier = = undefined
Note: MPS can be abbreviated as Marginal propensity to save
As we can see here economy 1 is 50% greater than economy 2 and economy 3 is undefined because they spend whole dollar they earn additionally.
On behalf of the above calculations, option B is a perfect match!
Answer: Problem solving skills(A).
Explanation:
The greatest benefit of education is problem solving skills. Problem solving skill is the ability to handle unexpected or difficult situations at homes or workplace. It is the ability to solve tough business challenges.
Through problem solving skill, individuals can know the cause of a problem and find solutions to it. Problem solving skills are decision making, creativity, team building, research, Problem solving skills are vital at every organizational level.