System revolving around the production, distribution, and consumption of goods and services.
An economic system encompasses all of the production, distribution, and consumption within a society of goods and services. This definition is the most inclusive and holistic, whereas the other definitions describe part of an economic system, or another aspect of our socio-political and economic structures.
What human resources manager focus on when determining an organization's long-term staffing needs is the organization's vision and strategic plan.
<h3>What is Strategic planning?</h3>
Strategic planning can be regarded as the process where an organizational leaders determine their vision.
This helps the leader to prepare for the future as well as identify their goals and objectives for the organization.
Learn more about Strategic planning at;
brainly.com/question/24462624
Answer:
Gross Profit for May 798
Explanation:
<u>under FIFO </u>
We need to use units from the beginning of the month first.
May 10th sale 12 x $16 = 192
May 20th sale 15 x $16 = 240
May 23th
2 x $16 = 32
8x 1$8 =144
Total COGS
608
Sales Revenue 37 x 38 = 1,406
Cost of Good Sold (608)
Gross Profit for May 798
The answer is: limiting the types of goods and services produced
When a certain country decided to do a specialization, it will utilize most of their time and effort to one specific sectors. These sectors usually be chosen because that country had a certain competitive advantage over another country due to the resources that they possess.
For example, Malaysia is conducting a specialization in latex related products. They choose to do this because they possess the environment that is perfect for latex tree to grow. Currently, they are among the top three latex producers in the world.
Answer:
Sarine is most likely making the decision to continue with these dolls due to Self-justification and self-enhancement.
Explanation:
Generally, the law of prospects theory is applied here. According to this law people are attracted towards attaining maximum utility rather than to look for absolute outcome. The self-justification is a significant problem here which arises when people who are responsible for making the decision are strongly tied with a project. Similarly, to avoid the problem off self-justification and self-enhancement, the best practice is to appoint different people to make the decision and to evaluate them, which ensures transparency and long-term stability which is lacking in this case.
