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sashaice [31]
4 years ago
9

The basis for free trade is a concept of

Social Studies
1 answer:
fgiga [73]4 years ago
7 0
The concept you are talking about is the one known as comparative advantage. Most of the times, comparative advantage is compared to the competitive advantage because both of them exist when the price of inputs and outputs are an accurate indication of some kind of scarcity. This is a law that refers to the ability of producing goods at a lower opportunity cost than other economic actors
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g Discuss the different roles played by the qualitative and quantitative approaches to managerial decision making. Why is it imp
lina2011 [118]

Answer:

  • The Quantitative approach plays a role in decision making as it involves the use of mathematical language to ease the decision-making process in a management. Where a Manager exhibits an absence of sufficient experience Quantitative approach can be settled for. The quantitative approach properly works for dispassionately quantifiable issues

For example, where a Manager wants to properly share certain resources among departments, he makes sure he gets a department that will yield profit. This clearly shows the use of the mathematical methodology.

  • The Qualitative approach also plays a role in decision making in an Organization as it requires experiential information on the different variables associated with a choice. It is closely related to social sciences. It effectively deep dive into what prompts a person to act the way he does.

For example, where dispute arise in an Organization, the Manager is expected to apply this approach to understand how the complexity in the workings of the Organization.

A Manager needs to have good understanding of both approaches because Managers are in a position of leadership for the smooth running of the Organization. They should be able to take on well educated choices that contribute toward the achievement of their organizations.

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The Executive Office of the President includes about 5,000 employees.
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It is true, there was
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4 years ago
Read 2 more answers
Marvin wolfgang’s 1958 study patterns in criminal homicide is an example of which subarea of the criminological enterprise??
densk [106]
Example of <span>Understanding and describing criminal behavior. 


 </span>Wolfgang was an officer in World War II and took an interest in the Battle of Monte Cassino. After the war, he learned at the University of Pennsylvania, where his important instructor was Thorsten Sellin. At Penn, Wolfgang took his MA (1950) and Ph.D. (1955) in criminology. Until the point when his passing in 1998 he was an educator of criminology at the University of Pennsylvania.
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