The correct answer is (a.) capital. The wealth that is earned, saved and loaned out to make a profit is called capital.Capital is also the money or wealth that an entrepreneur must have to produce services and good for the consumers.
Answer:
The answer is option B) According to the Lewis two-sector model the creation of a Modern (urban) Sector will:
Create a flow of labor from the traditional sector into the modern sector.
Explanation:
The two sector model propounded by W. Arthur Lewis is a theory of development that identifies two sectors: the traditional and modern sector.
According to this theory, the creation of a modern sector will generate a flow of excess labor from the traditional sector to the urban sector where there is more demand for labor.
Over time, this migration will create more jobs, stimulate industrialization and a framework for sustainable development.
Answer:
The correct answer is the letter b. Efficiency refers to maximizing the size of the pie; equality refers to distributing the pie fairly among members of society.
Explanation:
Efficiency is about maximizing production while minimizing costs, ie producing as much as possible with available resources. Equality refers to the distribution of production, that is, the division into economically considered fair parts of what was produced among the agents of society. In the example, efficiency would be to produce the largest pie possible given the existing resources. Equality would be the distribution of the pie considered socially fair.
Marietta is a part of A WORK GROUP.
The correct option is B.
A work group is made up of members, who can represent one unit or department and these members work independently but at the end of the day they pool their outputs together. The characteristic feature of work groups include the following: individual accountability, focus is on individual goals, production of individual work product, defined individual roles, tasks and responsibilities, etc.
Answer:
Human element; collusion.
Explanation:
In this scenario, Eric Hansen is a receiving clerk who has just been denied a raise. He has approached his subordinate, who is the new storeroom clerk, about diverting inventory to sell for personal gain. This is an example of the human element, which may lead to collusion.
Human element can be defined as a strategic technique for improving and dealing with the way or manner employees work together in a business environment in order to achieve greater organizational performance and accomplishments. Human element can be used to improve openness, sincerity and honesty among the the very many people (employees) working individually or together as a team in an organization.
In this case, when the storeroom clerk agrees to Eric's suggestion, this would lead to both of them diverting inventory to sell for personal gain. This is simply an act of collusion.
Collusion is an illegal cooperation or agreement between two or more people with an ulterior motive, for personal benefits.
