Effectiveness means producing the desired result with an application of minimum effort, expense, and waste.
<h3>What is effectiveness?</h3>
When a firm or a producer produces goods or services by application of the available resources in the best possible way, ensuring their optimum utilization, the firm is engaged in bringing effectiveness in production.
Hence, option B holds true regarding effectiveness.
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Answer:
The correct answer is letter "D": Leading a group activity.
Explanation:
Leadership is an aptitude that can be learned. There is no better form to start increasing leadership skills than by practicing. This implies getting together with several individuals and taking the lead of the activities the team plans to do. <em>Listening to their opinions, identifying strengths and weaknesses, </em>and <em>convincing most of them to choose a certain path to accomplish their objectives</em> is likely to be learned during the drill.
Answer: increase by $80 million, and the maximum money-lending potential of the commercial banking system will increase by $400 million
Explanation:
Based on the information given in the question, the money multiplier will be calculated thus:
Money multiplier = 1/Required reserve ratio
where,
Required reserve ratio = 20%
Money Multiplier will now be:
= 1/0.20
= 5
Therefore, the maximum money-lending potential will be:
= $80 million × 5
= $400 million
Therefore, the money supply will by $80 million, and the maximum money-lending potential of the commercial banking system will increase by $400 million
Answer:
$1
Explanation:
The marginal cost refers to the cost of producing one additional unit or serving one more customer.
In this case, we have to determine the additional cost of Jacob ordering a burrito instead of a taco. As Mason chose the tacos and they agreed to split the lunch bill evenly, if Jacob decides to eat the tacos, the cost for each of them is:
$3+$3=$6/2= $3
If Jacob decides to eat the burrito:
$3+$5= $8/2= $4
So, the marginal cost to Jacob ordering a burrito is:
$4-$3= $1
