Answer: Bullwhip Effect
Explanation:
The Bullwhip Effect occurs as a result of changes in the original information about the demand of a product as the information passes across the supply chain.
In the Bullwhip Effect small changes at the customers end of the supply chain leads to large variation in the manufacturing end of the chain.
I think it’s an Individualist society
Finland, with a score of 63 is an Individualist society. This means there is a high preference for a loosely-knit social framework in which individuals are expected to take care of themselves and their immediate families only.
An approach of open communication and collaborative decision making suggests which the democratic type of leadership. This type of leadership which includes <span> participative role of the members in the decision-making process is also called </span>participative leadership or shared leadership.
Mutual respect and understanding is crucial in order this type of leadership to be successful.
Answer:
SCC won't pay any tax
Explanation:
Their loss of $30,000 in year 1 will be unused and made available to counterbalance the total generated earnings in year 2.
The $20,000 earnings in year 2 can be used to counterbalance the whole taxable income; so, SCC will not pay pay tax. SCC will have a ($10,000) loss carryover available for year 3 and beyond
Answer: A. the firm could produce 3 more units of output if it increased its use of capital by one unit (holding labor constant).
Explanation:
The Marginal Rate of Technical Substitution(MRTS) is calculated as follows:
= Marginal product of labor / Marginal product of capital
= 1 / 3
Marginal product of labor = 1
Marginal product of capital = 3
This means that if one unit of labor is used, it produces 1 unit of output.
If one unit of capital is used however, it produces 3 units of output.
If a firm therefore used one unit of capital and kept labor constant, it could produce 3 units out output.
