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Wewaii [24]
3 years ago
12

Explain how the production possibilities curve can be used to illustrate each of the following: a. wastefulness b. what happens

when the economy grows c. when an economy is at productive efficiency d. unattainable production
Business
1 answer:
Lemur [1.5K]3 years ago
5 0

Answer:

A. wastefulness - production inside PPC ; B. Economy growth - PPC shift outwards/rightwards ; C. Economy at Productive Efficiency - production on PPC ; D. Unattainable Production- Outside PPC

Explanation:

PPC is graphical representation of production combinations that an economy can produce, given resources & technology.

PPC is based on assumption : That resources are best efficiently utilised. So, all product combinations ON PPC reflect 'Economy is at Productive Efficiency'

All production points INSIDE PPC reflect inefficient utilisation of resources i.e 'Wastage'

Points OUTSIDE PPC are 'Unattainable Product Combinations'- as they are beyond economy's best optimum production, given resources & technology.

'Economic growth' is increase in resources &/or technology which increases economy's production potential and PPC curve SHIFTS rightwards or outwards.  

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The staff training center at a large regional hospital provides training sessions in CPR to all employees. Assume that the capac
lys-0071 [83]

Answer:

Efficiency of the system = Actual output/ Effective capacity*100

Efficiency of the system = 850/950*100

Efficiency of the system = 0.894737*100

Efficiency of the system = 89.47%

Utilization of the system = Actual output/Design capacity*100

Utilization of the system = 850/1200*100

Utilization of the system = 0.708333*100

Utilization of the system = 70.83%

6 0
3 years ago
A labor injunction:a. Clarified the ability of union leaders to identify and satisfy members’ goals and interests.b. Was a more
siniylev [52]

Answer:

Correct answer is (e). Is a court order prohibiting certain activities in conjunction with a labor dispute.

Explanation:

An injunction is an instrument used in mitigating against some industrial action such as strikes and boycotts. It's a court order used to instruct party to do, or refrain from doing a particular act.

3 0
3 years ago
Jamie Dimon is the CEO and chairman of JPMorgan Chase. He has held both roles since 2005--that is, before, during, and after the
Vinvika [58]

Answer: The answer is provided below

Explanation:

a. Ethics play a very important role in any organization. Ethics ensures the legitimacy and reputation of the organization. Therefore, it cannot be ignored that Mr. Dimon has disregarded the ethical norms when serving as the CEO and Chairman of JPMorgan. Even though the business is earning profits, such fraudulent and unfair business activities should not be acceptable by the company.

With regards to this, as the chairman, I would fire Mr. Dimon for his immoral way in conducting business activities. This will also set an example for others.

b) As far as the CEO's compensation is concerned, pay shouldn't be just for business performance or profits but also for ethical performance. A business without values and ethics cannot succeed in the long run. Even though profits are vital, they shouldn't be at the cost of morality and ethics.

Therefore, it is vital to compensate the CEO after considering every essential factors and not just on the basis of the businesss performance.

c) A proper Performance Analysis in an organization is made up of all the criterias required to measure the performance of both the company and the employees. Regarding the situation in the question, the ethical dilemma can be solved through the consideration of ethical conduct as an equal and important factor when evaluating pay for performance. Therefore, the pay for performance should include ethical and business aspects together which will lead to more transparency when assessing the compensation.

5 0
3 years ago
Nissan has flexible agreements with its suppliers and transporters to accommodate unexpected surges in demand without disruption
dalvyx [7]

Answer:

This question is incomplete, the options are missing. The options are the following:

a) Product development and commeercialization.

b) Supplier-relationship management.

c) manufacturing flow management.

d) Returns management.

The correct answer is the option B: Supplier-relationship management.

Explanation:

To begin with, in the business management field the concept known as "Supplier-relationship management" refers to the system used by the managers of a company with the purpose of improving the relationships specifically with the suppliers of it, therefore that it seeks for the better arrengements with them and how to develop better strategic ways of improving both parties benefits in their contracts. That is why that the SRM is focus on maximizing the value of the interactions between the company and its suppliers so therefore that the case presented by Nissan is related to the process of using an excellent SRM.

6 0
3 years ago
What are the factors that could decrease group cohesion?
Effectus [21]
<span>Decline in group cohesiveness appears when the members of the group are not strongly attached to each other and there is no cooperation between them. Several factors could decrease group cohesion. Some of them are:
</span><span>- the group is big 
</span>-members have conflicting opinion about group goals,
- the group is h<span>eterogeneous (with  members from different age groups, job responsibilities, education or status)  </span>
- there is intra-group competition, in which  individual goals are at the cost of group goals.
3 0
3 years ago
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