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Mnenie [13.5K]
2 years ago
6

Assume that at the current market price, a perfectly competitive firm's profit-maximizing level of output yields total revenues

that are just equal to total costs. Which of the following statements applies to this firm?a. The firm should shut down right now.b. The firm should continue to operate in the short run to minimize losses, but shut down if things don't improve over the long run.c. The firm is earning zero economic profit and should continue to operate.d. The firm should increase its explicit costs to reduce its tax burden.
Business
1 answer:
wlad13 [49]2 years ago
6 0

Answer:

c. The firm is earning zero economic profit and should continue to operate.

Explanation:

This is because at that point firm has not earned any profit or facing a loss.

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Stakeholder impact analysis is a five step process that allows managers to better understand and address stakeholders' needs.

Stakeholder impact analysis is a five steps process. Stakeholder impact analysis allows the manager to address the stakeholders’ needs and understand them better.

Stakeholder impact analysis is five steps process that allows managers to understand the need of their stakeholders. A stakeholder is any entity either person or organization, who is directly or indirectly affects the organization or its project.

The five steps of stakeholder impact analysis are:

  1. Identify the stakeholder: At this step, managers identify who are their stakeholders that are directly or indirectly affected by their projects, products, or services.
  2. The interest of the stakeholder: This step defines the interest of the stakeholder
  3. Opportunities and threats associated with stakeholders: this defines the present opportunities and threats to stakeholders
  4. Our responsibilities to stakeholders: This process defines that what is our legal, ethical, economic, and philanthropic responsibilities to our stakeholders
  5. Effectively address the stakeholders’ concerns: This step forces to take action to effectively address the stakeholders’ concerns.

You can learn more about stakeholder at brainly.com/question/15532995

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Which of the following is true of Peter Senge’s contributions to management thought and practices? A. He has made several signif
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A. He has made several significant contributions to the areas of organizational learning and change.

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<em>Option B</em>: Peter Drucker was the first person to discuss MBO, not Peter Senge. So, this option is incorrect.

<em>Option C</em>: It is the function of management. Therefore, Peter Senge might contribute to this one, but there is no evidence. So, it is wrong.

<em>Option D</em>: Peter Senge advocated the scientific methods of management, but not for the determination of efficient production.

<em>Option E</em>: He does not contend with the bureaucratic structure. Therefore, it is wrong, either.

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