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postnew [5]
3 years ago
15

Taxi is a cab service company. Every vehicle used by the company has a wireless active tracking system installed in it, which al

lows for monitoring the location of the vehicle at any given time. This way, the management is always aware of where a driver is and where he or she is headed.
This is an example of______________.
Business
1 answer:
abruzzese [7]3 years ago
5 0

Answer:

<u>Objective control.</u>

Explanation:

Some business objectives require the implementation of internal controls in their processes.

Objective control acts as cloud software that enables the company to monitor all activities, whether internal or external, with the added benefit of mitigating risk, ensuring compliance with required quality and legislative standards, lowering costs and broadening vision on real-time processes.

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For the case of a perfectly price-discriminating monopolist (ppdm), producer surplus can be calculated as:
Marrrta [24]

Answer:

Explanation:

Producer surplus can be defined as the difference between how much a person can receive by selling a good at the market price versus how much a person would be willing to accept for the given quantity of good.

The Perfect Price Discrimination (1st degree price discrimination) will occur when an organization charges a different price for every unit consumed.

Producer surplus is formally given as PS = TR( q ppdm ) 0 q ppdm MC(q)dq

Where TR is the Total Revenue

For total cost and the definite integral of marginal cost over the range of output, we find that PS = TR( q ppdm ) TC( q ppdm ).

That is the sum of the consumer surplus and producer surplus is the total gains from trade.

8 0
3 years ago
What is a trade off?
gizmo_the_mogwai [7]

a balance achieved between two desirable but incompatible features; a compromise.

4 0
3 years ago
Retirement planning should begin at what age?
bezimeni [28]

Answer:

60

Explanation:

6 0
3 years ago
Which of the following is notan example of the potential dark side of big data?
lutik1710 [3]

Answer:

C) Use of a predictive modeling system that predicts life expectancy by using data about individual consumers' buying habits as well as personal and family medical histories.

Explanation:

Big data are a set of data that when analysed and studied show trends and patterns of individuals and firms.

5 0
3 years ago
When nations increase production in their area of _________________ and trade with each other, both sides can benefit.
Elenna [48]

Answer:

comparative advantage

Explanation:

Comparative advantage in finance is crucial for production because it helps nation to manufacture their goods with low opportunity cost compare to their co- partner in that production line.

Production which is an essential aspect in economics is a process of turning raw materials into finished goods are very crucial in each nation of the world and for economic process to be completed.

It should be noted that When nations increase production in their area of comparative advantage and trade with each other, both sides can benefit from it.

7 0
3 years ago
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