Answer:
The answer is D.
Explanation:
Zero economic profit means normal profit.
Economic profit = total revenue - [implicit cost(opportunity cost) plus explicit cost]
So when economic profit is zero, total revenue earned will equal to the sum of implicit cost and explicit cost.
Explicit cost is the normal accounting cost while implicit cost is the opportunity cost.
Answer:
Explained below.
Explanation:
There are some of the difficulties in measuring innate capacity and in measuring developed performance are as follows:
* Primarily we do not know precisely what innate abilities are or how to measure them so it is one of the difficulty while measuring innate capacities.
* And with the measurement of performance abilities, there is no single, all-inclusive performance criterion.
Answer:
The correct answer is letter "C": Your credit history is little to none, which makes it difficult to obtain credit moving forward.
Explanation:
Having a thin credit file implies there is little to no information about your credit history. This scenario is typical for people who have not requested any credits in the past. When they apply for a loan for the first time, they might struggle because banks do not have much information to determine if that person will take care of the loan payments or not.
Answer:
saving accounts at banks... That's what the internet told me :|
Explanation:
Answer:
The correct option is D. It encourages managers to reward top performers and discipline poor performers.
Explanation: The Forced Ranking Approach to performance is a management tool which employers use in measuring the level of performance of their employees, this is done by comparing the employees performances with one another, instead of comparing their performance against a fixed standard.
It is also known as vitality curve and is highly controversial.
One demerit of this method of performance appraisal is that it makes comparisons among the best and worst workers using subjective criteria.
However, one advantage of this method of appraisal is that it helps to identify the top performing employees and least performing employees, and either reward or punish them as the case may be.