Answer:
Increased international trade, especially exports, increases production efficiency which allows a country to move beyond its production possibilities frontier.
Explanation:
In business terms, a production possibilities frontier is a curve that shows how much two products in an economy are able to produce when the two products are competing over the same limited resources. The curve can also be used to determine the quantity of a product that can be produced in an economy when the economy is working at its maximum efficiency. There are many factors that affect the production possibilities frontier, namely;
International trade:
Trade is the exchange of goods and services for commercial interests. International trade involves trade between countries. Most countries trade in the form of exports and imports. Exports are goods and services taken to foreign countries while imports are goods and services received from other countries. When there are greater exports than imports, it means that more of your goods and services are on demand by other countries thus makes your currency stronger. An increased demand for domestic goods and services increases production efficiency which allows a country to move beyond its production possibilities frontier.
<span>The correct answer is organizational objectives</span>
<span>Organizational objectives are the
targets toward which the open management system is directed. </span>
Organizational objectives are derived from the
organization’s Mission and Vision. An organization that is
accomplishing its objectives, is also simultaneously
accomplishing its purpose and thereby justifying its reason for existence(mission)
Answer:
The correct answer is A. True.
Explanation:
Risk management models are a great tool to anticipate and prevent possible losses that could occur when investing a certain capital, implementing appropriate precautionary measures; Therefore, organizations and investors that have a culture of risk, create a competitive advantage over others, by assuming assessed risks, gain experience in risk management, anticipate adverse changes, protect or cover their investments in advance and obtain higher profits by taking greater risks.
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