Answer:
A project is a combination of tasks that need to be finished to reach a specific, bigger goal. Since project tasks are not to be confused with the daily schedule of work, this is what differentiates a project from the routine tasks:
- <em>defined span</em> - while daily tasks are usually continuous by nature, project tasks are set in a specific time frame
- <em>project life cycle</em> - similar to the life cycle of a product, a project follows a similar curve that symbolizes the birth of the project, its maturity stage and its decline
- <em>defined goal/objective</em> - the completion of a project and its tasks has to be indicated by reaching a specific goal
- <em>cross-department teams </em>- project teams usually involve people from more business departments (marketing, HR, R&D...)
- <em>allocated resources</em> - while daily, continuous tasks usually source resources (financial, human...) from the firm directly, a project usually has a specifically assigned amount of allocated resources
According to Stiglitz, depending on how it is managed, globalization may succeed or fail.
<h3>What does Joseph Stiglitz believe in?</h3>
Success, according to Joseph Stiglitz, occurs when national governments manage it by embracing the unique traits of each nation. When it is governed by global organizations like the IMF, it fails. Finance ministers and bank governors, who have formulated policies that benefit the financial sector, are said to be in charge of the IMF, according to Stiglitz.
In addition, the "Washington Consensus," a collection of policies that promotes "stabilization, liberalization, and privatization" of the economy, is harmful since it places a strong emphasis on deregulation. Instead, policies should aid nations in creating "the proper regulatory system." In the end Stiglitz adds that, a stronger commitment to democratic principles by the Bretton Woods Institutions.
To learn more about ,Joseph Stiglitz visit:
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Answer:
173,333.33
Explanation:
Lumpsum + Appraisal = Total Spent
500,000 + 20,000 = 520,000
Land + Building + Equipment = Total Fair Value
100,000 + 200,000 + 300,000 = 600,000
Building Costs:
Fair Value Building / Total Fair Value = % of the building cost to apply to the total spent x Total Spent
200,000 /600,000 = .3333 x 520,000 = 173,3333.33
Answer:
B. includes only one good.
Explanation:
A corner solution is a microeconomics concept, which is used to illustrate the graphical representation of a situation where an individual wouldn't do some things at any cost or for any price.
Optimum is usually experienced on the consumer graph at the point where the indifference curve (IC) is just tangential to the consumer's budget constraint. Thus, the corner solution lies at the non-zero interior, which then means that none of the other goods is contained in the optimum.
Hence, an optimum that occurs as a corner solution includes only one good.
<em>For instance, Tracy saying she wouldn't buy a XYZ phone for any price, or Sarah saying she would visit a museum no matter how much it will cost her are some examples of corner solution. </em>
