Answer:
Explanation:
worker's production rate = 60/3 = 20units per hour
monthly capacity 160 x 20 = 3200 units.
capacity needed to produce 2000000 units
= 2000000/3200
= 625
therefore, since they already have 500 workers, they need to hire 125 more workers.
b) At the end of October they will have 2 million inventory.
c) Average inventory in each of the months has been listed in the attachment below.
Answer:
According to F.A. Hayek, the fundamental problem facing every society is how to use limited resources in the most optimal way possible.
Explanation:
To Hayek, this problem could not be fully solved by any society, but the best a society could do is to rely on the price system, only possible under a free market, to signal which uses were more optimal than others.
This is also the reason why F.A. Hayek, along with fellow Austrian economists Ludwing Von Mises, believe that socialism could not work: socialism, according to Hayek and Mises, destroyes the price system, and without it, society has no rational way to allocate resources in an optimal way.
Business ethics is possible and it can be fully practiced by a person who is hard core successful businessman.
Explanation:
- Ethics is a philosophical science of understanding human behavior from all the aspects and differentiating between right and wrong.
- Business or corporate ethics deals with ethical and moral challenges faced in a business environment. It can be also defined as a set of principles or values decided by the organization's culture.
- Functioning is an important element in any of the business undertaken. And the functioning of these corporate ethics in a way which are personal, professional and corporate helps one to achieve success in business.
- It is mandatory to follow business ethics as they have a potential impact on the organization.
- Following business ethics helps one to achieve their goal in a defined and polished manner
Answer:
Pocket books
Explanation:
Pocketbooks were founded in 1939 and revolutionised the whole publishing industry. The idea was to produce easy to carry books with inexpensive paperback reissues. The idea became an instant success and per book cost was almost 25cent. Following the success of US publisher Robert de Graff many other publishing companies across England started to manufacture pocketbooks.
