Answer: A technological advancement will result in an outward shift of the production possibility curve.
Explanation:
A production possibility curve (PPC) is a curve that shows the various combinations of the amounts of two goods that can be produced using the given resources and technology. It is a graphical representation that shows all possible output options for two products which can be produced utilizing all factors of production by efficiently utilizing the given resources and time.
A production possibility curve shows several economic concepts like economies of scale, allocative efficiency, productive efficiency, opportunity cost and scarcity.
An outward shift of the production possibility curve means there's an improvement in the economy as more goods are produced with the same inputs. A technology advancement will lead to an outward shift of the production possibility curve. This means that more goods will be produced by using the same amount of inputs.
Answer: By employee compensation
Explanation:
In an organization, it should be noted that an organization can be grouped based on the roles performed e.g in an organization, you can find he employees that are related to accounting of the company in the account department, employees involved in sales in the sales department etc.
Employee can also be grouped based on the product sold or based on customers but employees can't be grouped based on employee compensation. Employee compensation is the compensation that an employee gets for working for a particular company.
Answer:
b. record transactions for business
Explanation:
A journal is a detailed account that records all the financial transactions of a business, to be used for the future reconciling of accounts and the transfer of information to other official accounting records, such as the general ledger.
<span>This is covert observational research. It is most often used with the "secret shopper" concept as a way of testing quality control and customer service among associates. This makes sure that company directives and policies are being followed when it comes to transactions and resolving possible disputes, and that high-quality service is being given to each customer.</span>
Answer:
communications
Explanation:
Based on the information provided within the question it can be said that the owner's policy created a communications gap. This term refers to when a speaker relays a message but it is misunderstood by the receiver. Which is the case in this scenario even though the employees where stated to say that the item will arrive next week.
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