Answer:
The correct answer is option 2. a hospital organized by divisions such as pediatrics, inpatient, outpatient, etc.
Explanation:
An organization that has a functional organizational structure can organize its employees in a better way.
Each of the employees will be dedicated to their specialty and will be located in their corresponding sector. Each sector will be a department, and will have a chief in charge. In turn, each department head will be headed by a general manager.
This is what happens in the hospital, there is a chief in charge of the entire hospital, which in turn is divided into sectors with each specialist. Each sector will have a chief specialist who will be in charge of said department.
Given this information we can say that the correct answer is option 2.
Answer:
B. A higher unemployment rate
Explanation:
High union memership can increase unemployment in two ways:
- Creating a barrier of entry because non-unionized workers can be barred from getting employed in industries with high union membership.
- Pushing salaries above the marginal productivity of labor, especially the minimum wage, causing firms to hire less because hiring becomes more costly.
Economic growth in China has led to more Chinese people owning cars, which "increased demand for oil, causing oil prices to rise".
<u>Answer:</u> Option C
<u>Explanation:</u>
Economic growth resulted from efforts made by Chinese population, imports and exports, tax collection etc, which allow people to invest more in buying new goods and services. Here for example if the market of car is increasing on development of economy than oil demand will increase, and after sometime it may lead to oil crisis. It is the common understanding in economy that the thing which become more in market demand, will always face crisis within completion of one cycle.
Answer:
The remark is incorrect.
Explanation:
The student says that firms in a perfectly competitive market earn zero profits in the long run which does not apply to the real world. The firms in the real-world will not operate at zero profits.
The student is getting confused between accounting profit and economic profit. Zero profit here implies zero economic profit. The firms will still be earning positive accounting profits.
Accounting profit is the difference between total revenue and explicit cost while economic profit is the difference between total revenue and both explicit and implicit cost.
Answer: b. $14.00
Explanation:
Contribution margin = Price - Variable cost
= $40 - $26 = $14
