Answer:
Answer Illustration : Opportunity Cost of producing Wine is lesser in France, Opportunity Cost of producing Sweaters is lesser in Tunisia. So, France has comparative advantage in Wine, Tunisia in Sweater.
Explanation:
Opportunity Cost is the cost of next best alternative foregone while choosing an alternative.
Opportunity Cost of producing Sweaters & Wine in France & Tunisia are quantities of other goods (Sweaters or Tunias) sacrifised while choosing either. Sweater Opportunity Cost - Wines sacrifised, Wine Opportunity Cost - Sweaters sacrifised.
The country has a comparative advantage in a good if it can produce it with relatively less opportunity cost (in terms of other good sacrifised) than other country.
Ex : Production Possibilities
Wine Sweater Trade off (Wine :Sweater)
France 10 5 1:0.5 or 2:1
Tunisia 8 24 1:3 or 0.33:1
- France produces Wine with lesser opportunity cost (sweater sacrifised) than Tunisia [0.5 sweater < 3 sweaters] ; it has comparative advantage in Wine.
- Tunisia produces Sweater with less opportunity cost (wine sacrifised) than France [ 0.33 wine < 2 wines] ; it has comparative advantage in Tunisia
Complete question:
Alex has been the highest performer within his department for the last five years. Vera, the Head of the Division in which Alex works, has decided to promote Alex to reward him for his hard work and dedication to the firm. Vera believes that his technical proficiency will inspire the rest of the team to work harder and become more accurate.
Is Vera's reasoning sound? Does Alex's technical proficiency help to ensure his success as a manager?
a. Yes, Alex's high expectations will make him a better manager.
b. No, human relations skills are just as important as technical expertise.
c. Yes, technical proficiency is the key to managerial success.
d. Yes, technical proficiency in a manager is inspirational to teams.
Answer:
(B) No, human relations skills are just as important as technical expertise.
<h3>
What is technical expertise?</h3>
- Technical skills are the particular knowledge and competence required in real-world circumstances to complete certain jobs and use specific equipment and programs.
- From information technology and corporate administration to health care and education, diverse technical abilities are necessary for almost every sector and industry.
- Technical skills are the particular knowledge and competence required in real-world circumstances to complete certain jobs and use specific equipment and programs.
- From information technology and corporate administration to health care and education, diverse technical abilities are necessary for almost every sector and industry.
<h3>
What are relations skills?</h3>
- This includes communicating openly, actively listening, cooperating, refusing improper social pressure, constructively negotiating disagreement, and seeking and offering assistance when needed.
- Relationship skills are essential for personal and professional success.
- Trust, respect, self-awareness, inclusiveness, and open communication are all required for a healthy professional relationship.
- Let's take a closer look at each of these traits.
- You can be open and honest in your ideas and actions when you trust your team members.
So, in this instance, Vera is attempting to argue that interpersonal skills are just as vital as technical skills.
Therefore, the correct option is (B) No, human relations skills are just as important as technical expertise.
Know more about technical skills here:
brainly.com/question/26895031
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Answer:
D.unemployment that is due to normal turnover in the labor market.
Explanation:
Frictional unemployment occurs as as result of normal movement of workers in an economy due to changing of jobs. It is also called transitional employment.
This type of employment can occur even when there is full employment in the economy and people want to move from one job to the other.
Frictional unemployment could be due to quitting, termination, seasonal employment, or term employment.
Answer:
True (T)
Explanation:
In the given statement, it can be inferred that the membership of segments have a common goals. This means that the constituents of the segments would definitely give either positive or negative comments in reference to the marketing mixes and the outcomes that are created by the marketing mixes. Therefore, the given statement is true.
Answer:
False
Explanation:
Generally, a lease limits the number of miles allowable to drive in a year, which is between 12,000 and 15,000 miles. Exceeding the lease limit will result in large charges that may be up to several thousands of dollars
Therefore, it is important to be cautious on the amount of driving done when a car is leased and if needed, more miles can be pre-purchased before the lease agreement is signed
