Chain of Command and Unity of Command are the NIMS Management Characteristic that helps to eliminate confusion caused by multiple, conflicting directives.
<u>Explanation:</u>
In an organisation of incident management there is an order for the command and it is organised as a hierarchy. This hierarchy is called as Chain of command. When one person shares all the reports and other view points to one supervisor allocated for him it is called as Unity of Command.
These two Unity of Command and Chain of commands plays a major role in the clarification of relation for the purpose of reporting. They are also helpful in those situations where there is a need for the elimination of confusions that are the results of instructions that are conflicting with each other. These commands helps all the managers to have a good control of the sub ordinates who work under them.
Answer: Navigation acts
Explanation: Navigation act was a group of laws, first implemented by the British parliament in 1651. This act was implemented by the Britishers with the objective of regulating activities of shipping, trade and commerce with their colonial countries.
These acts were re-enacted in 1660. These were implemented by the England for increasing their profits in international market.
Answer:
Price of the stock will rise or increase
Explanation:
Efficient market hypothesis states that price of stock factors in all information related to the stock. As such, nobody can take advantage of higher returns offered by a particular stock for a long time.
In line with efficient market efficiency, if public expected a bigger loss of $5 but loss was only for $4, the price of stock will increase. Though the company still suffers a loss, it is less than what was expected by the market, resulting in increase in stock price.
Answer:
$ 5000
Explanation:
Economic Profit = Revenue - Cost of Material - Opportunity Cost
Economic Profit = 50,000-20,000-25,000
Economic Profit = $5000
Answer:
Business transactions are denominated in foreign currencies.
Explanation:
Foreign exchange can be referred to as the exchange of one country's currency for another currency. The exchange of these currencies occurs in an exchange market known as forex market.
Foreign exchange risk is a financial risk in which changes in the exchange rate may result in the loss of investment value or huge financial breakdown.
The most effective approach to preventing foreign exchange risks is for organizations to make and receive all forms of payment in their own currency.
