Answer:
The correct answers are letters "A", "B", and "C".
Explanation:
International Competitiveness refers to the ability a country has to produce goods and services to remain competitive in the market. To accomplish that, prices and the quality of the products offered must be aligned with what other countries are producing or even better. If countries can specialize in providing one good or service only, they are likely to gain an absolute advantage. This does not imply the country will be a pure exporter since imports are also vital for the transformation and optimization of the economy.
Answer:
e. decrease its level of table production
Explanation:
MC = 200.
Market price = 150 which cannot be changed by any firm.
MC is greater than price = MR then in order to maximise profit MR has to be equal to marginal cost
MC has to be decreases to $150 which is possible only when it reduces output.
Answer:
A) $200,000
Explanation:
In this case, Haft has a wide range of possible losses, between $200,000 to $300,000. Since no amount is more probable than others, then the company can decide to report the lowest estimate as long as all the other estimates have the same probability of happening. But if another estimate was probable, e.g. $220,000, then that estimate should be recorded even if it was higher.
Answer:
<em><u>Classical Management Approach.</u></em>
Explanation:
The classic approach to management emerged as a management model founded by<em> Taylor </em>in the late nineteenth and early twentieth centuries, called scientific management, whose ultimate goal was to maximize productive efficiency in order to get the worker to produce more in less time.
Scientific management presents four fundamental principles proposed by Taylor:
- Principle of planning
: Substitution of empirical methods by scientific methods, there is a rationalization of work through time and execution studies.
- Principle of worker preparation
: Workers should be selected to work in areas according to their abilities and should be adequately trained so that they can produce more according to the demands of the organization.
- Principle of Execution
: It requires tasks and responsibilities to be distributed so that the work is performed with greater rigor and discipline within an established average time. From this came job and job designs that split functions to maximize productivity.
- Standardization:
Scientific methods were implemented to reduce costs and uniformity. The work is overseen by a number of expert supervisors and the man is seen as being economical, who is motivated to produce more when he receives monetary rewards.
Answer:
return = 20.81%
Explanation:
Capital Asset Pricing Model:
The capital asset pricing model (CAPM) is used to calculate the required rate of return for any risky asset.
Formula:
return = risk free + ( beta * ( market return-risk free ) )
where
beta is the standard deviation of the capital market line
Formula for standard deviation:
The standard deviation of the capital market line = x * standard deviation of market return
As Wal-Mart has an expected return of 14% and a volatility of 23%. The market portfolio has an expected return of 12% and a volatility of 16%.
Therefore by putting the values in the above formula, we get
0.23 = x * 0.16
x = 1.4375
As the risk-free rate is 5% and the market portfolio has an expected return of 12%
x = 5% + ( 1.4375 * ( 12% - 5% ) )
x = 20.81%
so return = 20.81%