In making the best economic choices, consumers compare the benefits of the choice to the cost of the choice.
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How to make the best economic choices?</h3>
In making the best economic choices, the costs of the choice should be compared with the benefits of the choice. The choice should only be made when the benefits of making the choice exceeds the cost of the choice.
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Answer: centralized
Explanation:
Based on the information given in the question, we can infer that McCoy operates a centralized department.
This is a centralized department because McCoy takes the decisions in the organization. In a centralized department, the organizational structure is such that the power regarding the decision is confined to top management, while the followers just follow the instructions
Answer:
It describes the problem of transaction costs and negotiation.
Explanation:
Externalities are situations that arise when the activities of an organization affects another for good or bad, but with the first organization that caused the change, receiving no benefits (if it was a positive change), or bearing no costs (if it as a negative change).
Ronald Coase proposed some theories about the possible solutions to externalities. One of them is negotiation between the two parties involved. The problem with this solution is the high costs of transaction that could be spent before an agreement is reached. The number of people involved in the negotiation could also be a problem.
Answer: The equilibrium price is most likely to "DECREASE BY $1". Option c is the most correct option.
Explanation: A unit tax of $1 is the tax on the sales of the unit. In a supply demand curve, an increase in the sales tax will cause the curve to shift inwardly, thereby showing a decrease in the equilibrium price of the curve.
Equilibrium price is the point where the amount suppllied is equal to the consumers demand at a stable price.
For $1 unit tax to be levied on the goods, it will increase the price of the goods by $1, which will reduce supply by $1, therefore the equilibrium price will decrease by $1 to adjust itself on the new changes.
Answer:
e) Problems or opportunity in team effectiveness; data gathering and analysis; planning for team improvements; actions to improve team functioning; and evaluation of results
Explanation:
The options are not given in the question
Kindly find the following options
b) Planning for team effectiveness; data gathering and analysis; establishment of team goals and objectives; implementing team goals; and evaluation of results
c) Establishing a team mission statement; team cohesiveness training; data gathering and analysis; actions to improve team functioning; and implementing team goals
d) Planning for team effectiveness; team goal setting; implementing team goals, evaluation of results; and reassessment of team goals
e) Problems or opportunity in team effectiveness; data gathering and analysis; planning for team improvements; actions to improve team functioning; and evaluation of results
Team building is a process of the grouping of two or more employees in order to accomplish the company goals and objectives. It helps to identify the problems while achieving the company goals. Moreover, it also helps in gathering the data for the benefit of the company so that the targets of the company could be met within the prescribed time. And, at last the results are also evaluated
It also motivates the employees in order to perform their task in a better way
Hence, option e is correct
