The efficiency of the worker and the level of skill required differ between occupations
Answer: Social comparison
Explanation:
The social comparison is one of the important theory in the society which state that the individual person can determine their own personal and the social importance by comparing their own qualities with the other people. The coal comparison is mainly proposed by the Leon festinger in the year 1954.
According to the given scenario, the self evaluation is basically conducted by the Lori is best illustrate example of the social comparison as people generally compared themselves with the other people for the purpose of self motivation and improvement.
Therefore, Social comparison is the correct answer.
Based on financial analysis, it is <u>False</u> that It's inevitable that budgeting will hinder the enjoyment of life, forcing people to make financial sacrifices.
<h3>What is Budgeting?</h3>
Budgeting Is the process of making a financial plan which includes planning on expenses, revenue, savings, assets, liabilities, cash flow, etc.
<h3>Benefits of Budgeting</h3>
There are various benefits of budgeting, some of which include the following:
- For providing limits or guides to spend.
- To achieve financial goals.
- To prepare for emergencies.
- To aid better retirement, etc.
Hence, in this case, it is concluded that the correct answer is "<u>False</u>."
Learn more about Budgeting here: brainly.com/question/22532334
Network protection is vital to each domestic and enterprise network. Therefore, Whether it is a small organization or a big organization, Network Security is important.
<h3>
</h3><h3>
What is the requirement for network security?</h3>
Many houses with high-velocity net connections have one or extra wi-fi routers, which may be used if now no longer nicely protected. A strong community protection machine allows lessening the chance of statistics loss, robbery, and vandalism.
hence, in this way, Elena can make her superiors realize the need for network security.
Learn more about Network security here:
brainly.com/question/26282951
#SPJ1
Answer and Explanation:
a. Explicit costs are actual costs incurred by the venture.
In this case those are;
= Annual lease on building + Payments to workers + Utilities (electricity, water, disposal) costs
= 22,000 + 120,000 + 8,000
= $150,000
b. Implicit costs are the opportunity costs (revenue foregone by not choosing other alternatives).
= Entrepreneur's potential earnings as a salaried worker + Entrepreneur's potential economic profit from the next best entrepreneurial activity + Entrepreneur's forgone interest on personal funds used to finance the business
= 50,000 + 80,000 + 6,000
= $136,000
c. Economic costs
= explicit + implicit costs
= 150,000 + 136,000
= $286,000
d. Accounting profit
= Revenue - explicit costs
= 380,000 - 150,000
= $230,000
e. Economic Profit
= Revenue - economic costs
= 380,000 - 286,000
= $94,000
f. New Accounting Profit
= Revenue - explicit costs
= 286,000 - 150,000
= $136,000
New Economic profit
= Revenue - economic costs
= 286,000 - 286,000
=$0
