Answer:
The correct answer is option c.
Explanation:
The tragedy of the commons is an economic problem in which individuals' rational decisions lead to collective irrationality. The individual consumers want to maximize their satisfaction so they consume a common resource in the way to maximize utility or satisfaction. But collective consumption in this manner leads to overconsumption of resources.
Individuals take better care of the resources they privately own than the common resources. Individuals focus on their wellbeing instead of the collective welfare of society and ignore social welfare in the process of maximizing their personal welfare.
Answer:
There are two answers to this::
1. No social or moral taboos on production
2. A competitive market system
Answer:
1. Communicate. Families have their own way of communicating, and, as many family therapists will tell you, it is not always the best way. Defy convention and make open, regular communication an essential part of your family business. When you sense communication problems, confront them immediately. Larger issues at play? Bring in an outside consultant.
2. Set boundaries. Leaders of flourishing family-owned businesses know that setting boundaries is critical to establishing and maintaining success. Institute and uphold a clear separation between family and business. In other words, keep family issues out of the boardroom, and keep work at the office.
3. Practice good governance.Setting boundaries also extends to the governance of family-run companies. Good governance requires the involvement of leaders outside the family. This oversight—employed by leading family businesses worldwide—typically takes the shape of a professional, advisory, or supervisory board comprised of non-family members with a limited number of family representatives.
Explanation:
Answer:
What is the most common type of financial institution?
Commercial banks. are the most common financial institutions in the United States, with total financial assets of about $13.5 trillion (85 percent of the total assets of the banking institutions). ...
Savings banks
Finance companies
Insurance companies
Explanation:
you know you can find the answer on google
Answer:
For indoor = $88,756
For outdoor = $72,666
Explanation:
The computation of the amount of overhead assigned to each product line is given below:-
<u>Traditional Costing
</u>
<u> Machine Hours Overhead Assigned
</u>
Indoor Model 27,000 88,756
($124,916 ÷ 38,000) × 27,000
Outdoor Model 11,000 72,666
($124,916 ÷ 38,000) × 11,000
Total 38,000 $161,442