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Anton [14]
3 years ago
10

Becky is training for a triathlon, a timed race that combines swimming, biking, and running. Consider the following sentence: Be

cause her pool sessions are helping her swim more quickly, Becky plans to reduce by 1 hour per week the time she spends training on the bike and increase by 1 hour the time she spends in the swimming pool; however, her husband says that she should stop doing any biking and running and spend all 20 hours per week in the pool. Which basic principle of individual choice does Becky's plan illustrate that her husband's advice does not?
Business
1 answer:
xxMikexx [17]3 years ago
4 0

Answer:

diminishing returns

Explanation:

As the time in the swimming pool training increases the return (utility) of it decreases

while as the other disciplines has no time invested the utility of a single hour on in outweights the utility of the 20th hours in the swimming pool.

Becky is moving into other areas to increase their total utility as the swimming pool hours aren't as effective as before. Once Becky learned to swimm it makes a great difference than not knowng thus, the hours of training that skill are worthless utility now.

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In what order are the following financial statements prepared:
abruzzese [7]

Answer:

The financial statements are prepared in this order; income statement, balance sheet, and statement of stockholders' equity.(2,1,3)

Explanation:

The income statements contains the revenue and expenses, the net of which gives rise to a net income. The net income is what feeds into the retained earnings account to determine the closing balance of the retained earnings which is an element of the balance sheet.

After the income statement, the balance sheet is prepared. This shows the assets, liabilities and owners equity (of which retained earnings is a part).

The elements of the owners equity forms an integral part of the statement of stockholders' equity. Hence it is prepared after the balance sheet.

4 0
3 years ago
Suppose that Congress hears about how well you are doing in your economics courses and seeks your advice on creating some public
anygoal [31]

Answer:

As an economics student, the following suggestions can help address the issue of persistently high unemployment rate in the country. The appropriate suggestions are; an increase in government spending to assist the economy and offer more extensive unemployment benefits to alleviate the financial stress of job loss.

6 0
3 years ago
Knowledge development goes hand-in-hand with information sharing in high-performance work systems.
Yanka [14]
True duh that's super easy
7 0
4 years ago
Asian Lamp Company manufactures lamps. The estimated number of lamp sales for the last three months for the current year are as
timofeeve [1]

Answer:

Asian Lamp Company

In going from the sales budget to the production budget, adjustments to the sales budget need to be made for

b. finished goods inventories.

Explanation:

a) Data and Calculations:

Sales Budget               October   November   December    January

Ending inventory            3,500         3,250          4,000

Estimated sales units   10,000        14,000        13,000         16,000

Units available for sale 13,500        17,250        17,000

Beginning inventory      3,000         3,500          3,250          4,000

Production units           10,500        13,750         13,750

5 0
3 years ago
Mintzberg determined that managers tend to rely more heavily on ______ communication than ______ communication when conducting b
Alika [10]

Answer:

Verbal; written.

Explanation:

Professor Henry Mintzberg is a prolific and an amiable author on business and management. He was born on the 2nd of September, 1939 and works at the Desautels Faculty of Management in McGill University, Canada.

According to Prof. Mintzberg in his book titled "Mintzberg on Management: Inside our Strange World of Organizations," there are ten (10) primary roles which can be used to classify the functions of a manager; figurehead, liaison, leader, monitor, negotiator, entrepreneur, disturbance handler, spokesperson, resource allocator and disseminator.

Additionally, Mintzberg determined that managers tend to rely more heavily on verbal communication than written communication when conducting business. This is simply because managers consider a written communication such as memo, reports, or letters consume more time when compared with verbal communication such as telephone calls, meetings or face-to-face conversations .

5 0
3 years ago
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