Adam Smith was the first who alluded to the concept of comparative advantage. This concept has later been elaborated by David Ricardo.
Answer:
The answer is use recruitment as a tool for attracting a more diverse and qualified applicant pool.
Explanation:
When it comes to increasing diversity in a company based on race, gender, sexual orientation and other demographic characteristics, the best way for a company to do this would be recruiting external candidates. De-emphasizing KSAO selection processes should be avoided because it would lead to a decrease in workforce quality in terms of their abilities to complete the job that they were hired for. Using subjective prediction methods should not be employed in the first place because it would instead create a possible avenue for a lawsuit.
Answer:
D, should be investigated because an assignable cause of variation might be present.
Explanation:
An R-chart is a control chart that is used to observe the variability of a process when measuring or analyzing a small subgroup of the process. The R-chart has a control limit and the position of a process variability has its own effect on the process.
In a R-chart, the center line of each subgroup analyzed is usually the expected value of the range of the process.
When the process variability is below the center line, the process should be investigated as there might be a cause of variation being below the center line.
Cheers.
Answer:
Suppose the company that owns the vending machines on your campus has doubled the price of a can of soda. They then notice that they are selling approximately 15 percent fewer sodas. The price elasticity of demand for sodas from the campus vending machines, therefore, is inelastic
Explanation:
The price is said to be inelastic when a there is large amount of increase in price and a small change in quantity demanded
