Inclusive and participatory management practices are the most effective in today's society. The indices show that companies that adopt this style of management achieve continuous improvements throughout the organizational process. Organizational culture focused on employee well-being ensures a positive culture and this influences them to do their job more effectively. It also increases security, pride in being part of that company, and values.
The bowed-outward shape of the production possibility frontier illustrates that the <u>opportunity cost</u> of one good in terms of the other depends on how much of each good the economy is producing.
<h3>What is Production Possibility Frontier?</h3>
The production possibility frontier (PPF) is a curve in economics that depicts the maximum amounts that two goods can create if they both rely on the same limited resource for production.
From the attached picture below, Let's assume that:
- The vertical product is: wine
- The horizontal product is: cotton
The bowed-outward shape of the production possibility frontier illustrates that the <u>opportunity cost</u> of one good in terms of the other depends on how much of each good the economy is producing.
Learn more about the production possibility frontier (PPF) here:
brainly.com/question/25071524
The borrower may chose to use the funds to invest in a business venture and thus be becomes an investor. Money is channeled through financial institutions such as banks. A saver saving with a bank account seeks to keep the money in the bank as it earns him interest.
Answer: Explanation:
We debit the contributed assets and credit the capital account
cash 11,290 debit
equipment 2,740 debit
capital account 14,030 credit ( 11290 + 2740)
we debit the asset and recognize the payable amount
supplies 450 debit
account payable 450 credit
we debit the assets and credit the revenue
cash 1,303 debit
account receivable 689 debit
service revenue 1,992 credit (1303 + 689)
we debit the expense and credit the asset we use to pay it
rent expense 634 debit
cash 634 credit
we debit the expense and credit the consumed asset
supplies expense 187 debit (450 purchase - 263 at hand)
supplies 187 credit
Answer: free trade
Explanation:
A policy of permitting the people of a country to buy and sell where they please, without restrictions, is referred to as the free trade.
Free trade allows countries interact with one another and trade the foods and services that they've.
