An organization's vision statement describes what the organization hopes to become in the future.
Answer:
The correct answer is ii. The unemployment rate will rise in the short run but return to the natural rate of unemployment in the long run, and real GDP will drop below potential GDP in the short run but return to potential GDP in the long run.
Explanation:
The economic recession occurs when there is a decrease in economic activity within a specific country. If shock actions are not taken, the most likely thing that happens is that companies stop hiring staff because they will require much less labor. This situation is explained in Okun's law, which mathematically demonstrates the relationship between the unemployment rate and economic growth.
Answer:
Involve using resources to research, develop, purchase, produce, distribute and market products and services
Explanation:
Operating activities are a business's main activities. These activities ranges from manufacturing, marketing and then the selling of product/service.
They are the daily activities of a company that is engaged in production and sales of its product, revenue generation.
It is very important because it gives cash flow information as it relates to the every day operation of the business and from this the viability of the business can be seen.
This is an example of <u>"a time and motion study."</u>
Time-and-motion study, in the assessment of industrial execution, examination of the time spent in experiencing the distinctive movements of work or arrangement of employments. Time-and-motion studies were first organized in workplaces and production lines in the United States in the mid twentieth century. These investigations came to be received on a wide scale as a methods for enhancing the techniques for work by subdividing the diverse tasks of an occupation into quantifiable components. Such investigations were, thus, utilized as helps to institutionalization of work and in checking the proficiency of individuals and hardware and the method of their blend.