It's a method where <span>subordinates share a significant degree of decision-making power with their immediate superiors
One positive benefit of the employee involvement and participation is that companies will prepare more employees to understand the company's operational method and make more potential leaders for the company if it choose to expand in the future</span>
Answer:
1. c) b>d
d) c>g
2. No dominant strategy equilibrium is also a Nash equilibrium.
Explanation:
Payoff matrix are used in business as it represent the possible outcomes of the decisions made. In the given scenario player 1 and player 2 have different outcomes based on the game matrix. The player 1 will get best possible payoff when he falls in Top Left matrix. This is dominant strategy which must be Nash equilibrium.
Answer:
Downward rate
Explanation:
The commerce department has adjusted the growth of GDP downward, and BLS has adjusted the labor working hours upward. The bureau of labor statistics has to report a downward trend in terms of growth of labor productivity for the first quarter of 2016. The downward trend in labor productivity growth will justify the decline in GDP growth.
Answer:
B) An increase in the firm's economic profit.
Explanation:
An increment in the firm's economic gain. Primarily an economic gain or loss exists the contrast betwixt the taxation received from the sale of an output furthermore some expenses of total inputs managed moreover unspecified contingency expenses. In determining financial gain, contingency expenses and specific expenses stay subtracted from taxation received. Because cost equates minimal taxation, an unprecedented acceleration in a specific rate indicates marginal taxation increases. Essentially a conclusion, all firm actuates up its marginal price curve moreover enhances the amount it generates. If a specific firm had continued gaining zero economic gain before significant increment in demand, subsequent these raises the firm acquires an economic profit.
Answer:
The theory of national comparative advantage
Explanation:
The theory of National comparative advantage developed by Micheal porter, emphasizes on the importance of country's factors such as domestic demand and domestic rivalry in explaining a nation's dominance in the production and export of particular products.
It focuses on key concepts such as Firm Strategy, Structure and Rivalry; Factor Conditions; Demand Conditions; and Related and Supporting Industries.
Micheal porter opined that any company’s ability to compete in the international arena is based mainly on these interrelated set of location advantages that certain industries in different nations posses.
