<span>It s true that expansion of the production scale causes an proportional improvement in total production costs and because of this the long run average and production cost decreases. Economies of scale are divided as internal which is result due to expansion of the individual firm and external econ0omies results due to expansion in whole industry.</span>
Answer: Theory X
Explanation:
A Theory X manager refuses to believe that workers can be internally motivated. They believe that workers are lazy, lack ambition and hate to work and so there is a need to continually push them to work.
This push can come in the form of punishment, rewards or prompting. Luka yells at his workers to push them to work by prompting them to. This style is generally looked down on today.
Answer:
Implicit cost to company A is:
D. value of the land owned by the company A
Explanation:
Implicit costs to company A will refer to the cost of resources already owned by the firm, which the company could have put to some other use. A good example is the value of the land owned by the company. This land could be put to another use, yielding some rent. It could also be sold outright. Its cost becomes implicit when the company uses it in its business. The land is not being held for sale.
Answer:
Its always a competition
Explanation:
People use to complete on how the world gets and receives items same in business, companies compeate all the time trying to get the most money, visitors, and promotions.
Sclafani is a disclosed principal
<u>Principals are liable for contracts made by an agent when that contract was authorized by the principal.
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Explanation:
1) Who was the principal?
Sclafani is a disclosed principal
<u>Principals are liable for contracts made by an agent when that contract was authorized by the principal.
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2) Who is the agent?
<u>The office worker
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3) Who is the third party?
<u>When a third party, in this case Felix, enters into a contract with a disclosed principal, in this case Sclafani, who is liable on the contract the principal alone
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In this case Felix alleged that Sclafani authorized the officer worker to sign and fax the credit application back to Felix.
Felix likely alleged that in the event Sclafani did not give actual authority to the officer worker, the officer worker had apparent authority to contract with Felix.
Apparent authority is established when the principal leads a reasonably prudent person to justifiably believe that an agent has authority to act.
