Answer:
Explanation:
GDP is gross domestic product and NDP is net domestic product.
GDP measures market value of total goods and services produced in a particular period of time.
NDP is net domestic product . In its calculation, we deduct the value of depreciation of capital goods produced from the value of GDP.
So
NDP = GDP - depreciation .
So growing gap between GDP and NDP reflects the increasing obsolescence of capital goods , which warrants replacement of capital goods .
OPTION A is correct.
Answer:
The correct answer is "
Implied agency/ostensible".
Explanation:
- An effective power implicitly granted by that of the principle to its agent has demonstrated or derived from some kind of relationship across the accused principle as well as the agency, would be considered as Implied agency.
- The connection between 2 organizations allows individuals might assume that one of those would be a separate operator, as well as inversely, is a ostensible agency.
Answer:
The correct answer is letter "A": efficiently but does not necessarily ensure that resources are allocated fairly.
Explanation:
Scottish economist and philosopher Adam Smith (<em>1723-1790</em>) coined the term invisible hand to give meaning to the unseen force the moves the free market economy. According to the theory, the interest of society is achieved by freedom of consumption and production. It means that the market will find the equilibrium point without the need for government intervention, which could allocate goods or services efficiently but not necessarily fairly.
I would go with B
They most certainly have not eliminated hunger and does not have an international armed force.
Answer:
<u>Management theory that analysis work settings.</u>
Explanation:
- The scientific management is theory which is pioneered by F.Taylor whose main objective was to provide an economic efficiency specially in labour productivity.
- Began to develop his theory in the 80s and 90s in industrial manufacturing especially steel his work included logical analysis, efficiency and the elimination of wastes.
- He observed most workers were forced to perform repetitive tasks at the slowest rate and thus he focused on the aspect of time.
