This seems a little obvious so the answer is no, doesn’t show good work ethic
Answer:
A) Intuitive - Thinking
Explanation:
It is an intuitive problem-solving style because the employees are first absorbing information by reading the scientific papers, and afterwards, they go through a cognitive process in which new information and old information are related in order to reach new conclusions. This is the congnitive process that intuitives follow.
It is a thinking problem-solving style because the conclusions are now put into an orderly format: guidelines, programs, etc. Besides, the employees employ measuring techniques to evaluate the effectiveness of the programs. This kind of detailed, scientific approached is how thinkers go about solving tasks.
Answer:
The opportunity costs of letting your colleague to extend the loan for another month are:
- invest in oil-well venture = $5,100 x 28% = $1,428
- invest in new IT stock = $5,100 x 45% = $2,295
Your total opportunity cost depends on what you actually decide to do with the money, if you invest all of it on the oil-well venture it is $1,428, or all of it in the new IT stock it is $2,295, but if you invest 50/50 on each, then the opportunity cost would be $1,861.50, or any other possible combination.
Opportunity costs are the extra costs or benefits lost from choosing one investment or activity over another alternative.
Question Options:
constant returns to scale.
diseconomies of scale.
rising fixed costs.
economies of scale.
Answer: ECONOMIES OF SCALE.
Explanation: Economies of scale in business refers to the characteristics of a production process in which an increase in the scale of the firm causes a decrease in the long run average cost of each unit. Here, production is efficient and the best value is received from the resources available thereby making costs per unit of output will be larger.
