Answer:
B everyone's resources are limited
Explanation:
A trade-off will involve selecting one option from a variety of choices. In a trade-off, one has to forfeit one alternative to enjoy the other. A trade-off is the same as the opportunity cost. The cost of trade-off is expressed as the foregone benefit from the next best alternative.
A trade-off exists because people have to choose the best way to use their limited resources to satisfy unending needs. The few available resources, including time and money, cannot satisfy individuals' and households' needs and wants. People have to prioritize their needs and allocate resources accordingly. Both individuals and firms will often decide to cater to their most pressing needs first. By making those decisions, a trade-off is created.
Explanation:
Part 1 : <u>True</u>, from the details provided about the movie studio total cost last year indicates after substractions of the differences in total
3rd movie cost - 2nd = 132-84 = 48 million
Therefore, the variable costs should greater than or equal to $47 million, but less than $255 million.
Part 2 : <u>False</u>, the marginal cost of producing the first movie was $45 million. And there were three movies made by the firm.
Therefore, the firm's variable costs of producing all three movies last year would be
45 x 3 = 135 million
Answer:
The two methods used to forecasting labor demand and supply are: Statistical Method and Judgmental Method.
The Statistical method collects previous historic data regarding company's demand and supply for qualified employees and provides forecasting for the particular period. It is feasible when other factors remain same in the organisation. It is not feasible when the organisation changes its objectives, mission and vision etc
<u>Cost and Benefit</u>
It prevents future shortage of qualified employees
It avoids disruption over operation
The Judgmental method is when the company follow judgmental method, that is it is based on manager's experience of conducting survey to estimate employees requirements on future operation.
It is feasible for small and medium size organisation for short term forecast. It
<u>Cost and Benefit</u>
It avoids short-run shortage of employees
It avoids short-run surplus of employees.
Answer: $7571
According to the latest Experian data, the average credit card limit was $8071as of December 2016. If Patricia uses her card and makes $500 for the first time, her credit limit will decrease by $500. Credit limit would be $7571.
Answer:
The correct answer is Conscientiousness.
Explanation:
Scrupulousness is a personality trait that is characterized by a cautious and vigilant attitude. People with this quality feel more or less strong desires to carry out their tasks correctly, and they take their obligations with themselves and with others very seriously.
Scrupulous people tend to be efficient and organized, rather than relaxed and disorderly. They usually have great self-discipline, and they usually act according to what they perceive to be their duty. Often, they also plan their behavior, are systematic and organized, and tend to behave rationally.
