Question Completion:
ANSWER CHOICES
A. operating with decreasing returns to scale
B. a natural monopoly
C. a legal monopoly
D. monopolistically competitive
E. productively efficient
Answer:
Based on this data, the market for product Z is:
A. operating with decreasing returns to scale.
Explanation:
For the Average Revenue (Price) to equal the Average Total Cost (ATC) and enable the firms operating in the market to break-even, the firms must increase their production units from 2 million to 3.5 million units. The conclusion that the market for product Z is operating with decreasing returns to scale for a single supplier is because it will take a 75% increase in production for the average total cost to fall from $7 to $5 for the single producer. In other words, the percentage increase in production does not result in a proportionate decrease in average total cost.
<span>Among the challenges facing those who practice the medical model today are cure versus control, the development of new drugs and <span><span><u>the control of medical services.</u>
</span></span>According to the definition, the medical model is "</span><span>a term in psychology, indicating the assumption that abnormal behavior is the result of physical problems and should be treated medically."</span><span>
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Answer:
B. Conflict between professionalism and commercialism
Explanation:
The conflict between professionalism and commercialism speaks to the debate on satisfying the management of an organisation as an auditor in order to meet economic situations and the need to be professionally independent of management in order to make a true and fair statement of the state of the organisation available to the shareholders as well as potential investors and the general public.
Because the management of an organisation runs the day to day affairs of that organisation, the Auditor in performing his duty interacts more with management and as such, the security of his future engagements may depend on favourable opinions of the management. This is commercialism
However, professionalism dictates that ethically, irrespective of the position of the management of an organisation, an auditor should always report the true and fair state of the business.
This represents the conflict expressed by Lynn Turner.
Answer:
Managers can leverage organizational behavior components to maximize business success in the following ways:
Clearing locusts of control
Establishing communication chains
Organizing teams and orienting them to objective reach.
Identifying opportunity areas and establishing a critical feedback mindset for growth.
working with teams in an inclusive leadership scheme.
Explanation:
First of all, managers are observers that are trained to identify the processes of the organization. They have theoric and practical knowledge of the business dynamic and coordinate its operations to achieve success. Now, they have to set the organization's locus of control. To see what goals are achievable and which aren't. They also, create channels of communication to create a constant and dynamic environment to improve its operations. They organize teams setting goals and providing them tasks as well as responsibilities and freedom to innovate. Finally, they identify the opportunity areas and with a leadership scheme they work with the teams to improve efficiency.
