Answer:
b. maximum amount of output that can be produced given the labor force, capital stock, and technology.
Explanation:
GDP refers to the gross domestic product which reflects the finalized value of the goods and services produced domestically
On the other side, the potential GDP refers to the maximum level of output that can be produced by considering the labor force, capital stock, technology by taking the constant inflation rate
Therefore option b is correct
The FAFSA4caster is a free tool which provides an early estimate of your federal student aid eligibility. It analyzes your household income and assets to determine your expected family contribution or EFC.
Answer:
True
Explanation:
Incentive compensation is a system designed to motivate and reward performance. The objective of incentive compensation is staff motivation.
Most organizations employ incentive compensation as a way of encouraging their employees to work, meet and exceed target required of them by the company.
Examples of incentive compensation are bonus or profit sharing, sales comission.etc
If employees know that their actions have a direct effect on the consequences of their action, they would increase their productivity due to severance packages attached to their output like bonus , commission etc.
I’m not sure what this question is talking about..... I will get back to you later on this let me rethink it
In the context of a market orientation, it is more efficient and less expensive for an organization to RETAIN EXISTING CUSTOMERS.
Retaining existing customer is easier for a company to do than wining new customers. Winning new customers will entails spending money on advertisement and other forms of marketing strategies which are geared towards attracting customers.
