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skad [1K]
3 years ago
6

Railroad companies hired to head specialized departments, a practice soon copied by other business

History
1 answer:
Ede4ka [16]3 years ago
4 0

The correct answer to this open question is the following.

Although you forgot to include the options for this question is the following.

Railroad companies hired expert managers to head specialized departments, a practice soon copied by other businesses.

And this represented a great decision to railroad companies in that people with the right kind of knowledge started to manage key departments successfully. They were the experts and had the experience to make the right decisions. They were si successful, that other companies realized the importance to have the right kind of people managing key areas of the organization.

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Choose the statement that CORRECTLY explains Absolute Advantage or Comparative Advantage. A) Absolute Advantage is the ability o
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<u><em>The correct answer is option E: </em></u>

The country of Rockonya makes 1 television every 5 hours and 1 car every 20 hours, while the country of Jamonia makes 1 television every 24 hours and 1 car every 12 hours. Rockonya has a Comparative Advantage in making televisions.

<em>A comparative advantage </em>of one country over another in the production of a certain good or service is a special facility with respect to a certain key aspect that the first country has more than the second. In this case, the characteristic to be compared is the greater productivity that Rockonya has in the manufacture of televisions.

<em>An absolute advantage</em> takes into account the quantification of a key aspect for the production of a certain good or service without establishing any comparison with another country.  

<em>In the example it would be:</em> Rockonya has a productivity of 1 TV per day.






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