The answer for this qeustion is: Thinking in time
By using scenarios, we can formulate several outcomes that could possibly happen if we decided to follow a certain plan.
If we do this, we could prepare our actions on how to deal with those outcomes before it actually happens in real life.
Answer:
Standard of value.
Explanation:
When money serves as a common denominator for measuring the exchange rates among goods and services, it performs as a standard of value.
Standard of value is an agreed-upon worth for a transaction in a country's medium of exchange, such as the U.S. dollar or Mexican peso. A standard of value allows all merchants and economic entities to set uniform prices for goods and services
Answer:
The process of joint decision making in which employees share a high degree of decision-making power with their superiors is called Participative Management
Answer:
The answer to the question is attached with the document.
Answer: Efficiency wage theory
Explanation:
The efficiency wage theory is refers to the labor economics that argues about the wages fir the labor or workers in the market.
The main aim of the efficient wage theory is that it helps in increase the efficiency and the labor productivity by reducing the cost of the turnover in industries.
This theory is mainly developed by the Alfred Marshall as they denote the wages per unit labor efficiency. Therefore, the efficiency wage theory is the correct answer.
