Answer:
- Number of workers
- Hours of labor
Explanation:
Productivity is a gauge of efficiency in the production process. The most common way of calculating it is by dividing the outputs by inputs.
The other way of calculating productivity is through labor. Labor productivity assesses the rate of output per worker per unit of time, usually hourly. Labor productivity is also the business's total production per unit of time, say an hour or per day.
Answer:
vertical management
Explanation:
The flow of information that takes flows from the top management to the subordinates is said to be vertical management. The information is passed from the managers to the employees at the lower levels. Primarily the feedback are communicated in this form of management. The control of the higher authority is high and strong.
The given excerpt is an example of vertical management that flows in the military organization.
Answer:
See below
Explanation:
Business refers to the practice of producing or purchasing goods and services for sale to make a profit. It is the act of engaging in commercial activities of buying and selling products and services for profits.
Business entails individuals and companies' activities of supplying desired products and services to customers with profit motives. A businessperson identifies a need in the community. He or she sells to the community goods or services that satisfy that need a higher price to make a profit.
Answer:
Introduction of fuel-efficiency standard for cars
Zero economic profit, in simple terms means break even point. It is a situation or point where total revenue of a company must be equal to total cost. This can be represented as:
Total revenue-Total cost = 0
In this case, Mary's accounting profits need to be $175,000 so that she can attain zero economic profit.
Explanation: Investment made to business = $1 million which if Mary would have invested in risk-free bond, then she would have earned $100,000 per year. So, $100,000 is a cost.
Also, she left job(to devote time to business) from which she was earning $75,000 per year as salary. But as she left the job, this amount is also gone.
So, this is also a cost for her.
Now,
Total cost = $100,000 + $75,000 = $175,000
To attain zero economic profit Mary' accounting profit should be $175,000.