When you have to give up one thing in order to get another this is called a <u>Tradeoff</u>.
<h3>Why do we have tradeoffs?</h3>
- As a result of scarcity, the resources available to us are not enough for all our needs and wants.
- We are forced to choose between needs and wants that will be satisfied.
Tradeoffs therefore lead to opportunity costs because we would be giving up the benefits of the alternative to the option we chose.
Find out more on tradeoffs at brainly.com/question/7072776.
Answer: E
Explanation:Self-managed work teams represent an approach to organizational design that goes beyond quality circles or ad hoc problem-solving teams. These teams are natural work groups that work together to perform a function or produce a product or service. They not only do the work but also take on the management of that work functions formerly performed by supervisors and managers. This allows managers to teach, coach, develop and facilitate rather than simply direct and control. In a self Self-managed work teams there’s decrease position take on supervision .
Answer:
Space layout and function
Explanation:
The three dimensions of servicescape include:
- Ambient conditions: air quality, room temperature, smell, music, lighting, etc.
- Space layout and function: how equipment and furniture are laid out and arranged.
- Signs, symbols and artifacts: corporate logos, decoration styles (including color), signs, etc.
Answer:
4 million houses
Explanation:
Opportunity cost is the forfeited benefit as a result of choosing one option over others. Its value equals the cost of the next best alternative.
The cost of constructing a new home is $150,000. If the Federal Defence has a budget of $600 billion, the opportunity cost of spending that amount will be the equivalent number of units that can be built by the amount.
To calculate the number of units= $600 billion divided by $150,000
= $600,000,000,000/ $150,000
=4,000,000
=4 million units
<span>Economic growth is an increase amount of services or/ and goods produced by head of population over a period of time</span>