Answer: Option (d) is correct.
Explanation:
A country has a comparative advantage in producing a commodity if the opportunity cost of producing that commodity in terms of other commodity is lower in that country as compared to the other country.
A country has an absolute advantage in producing a commodity if less resources are required to produce a unit of a commodity as compared to the other country.
Therefore, Colombia has an absolute advantage in producing coffee.
Answer:
operational risk
Explanation:
That unexpected event could be a natural disaster or fire that damages or destroys your physical business. Or, it might involve a server outage caused by technical problems, people, or power cut. Many operational risks are also people-related. An employee might make mistakes that cost time and money.
<span>Rita is on a project management team which can be multi-jurisdictional and whose members probably have different cultural backgrounds. The objective of the group can be met, because communicating via email, and also the ability to store records electronically, allows for information to be readily disseminated and stored.</span>
Answer:
It is to increase the market value of the firm's common stock (B)
Explanation:
Profits : it is subjective in nature and can be manipulated. Hence, it is not good measure of shareholders wealth maximization.
Increase the market value of the firm's common stock : This is difficult to manipulate because it results from long-term view of business performance through investment in a viable projects . When the company produces good result that give investors good return for their capital, this will have a positive market impact on the share price of the company.
Answer:
Accounting Cost = $100,000
Economic Cost = $114,000
Explanation:
The computation of accounting and economic cost is shown below:-
Accounting Cost = Salary of Jill + Labor costs + Insurance and mortgage payment
= $30,000 + $60,000 + $10,000
= $100,000
Economic Cost = Accounting Cost + Investment return lost + Loss in Salary ($50,000 - $30,000) + Loss in Rent ($20,000 - $10,000)
= $100,000 + $4,000 + $10,000
= $114,000
