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3 years ago

The theory of comparative advantage states that:

Business

1 answer:

Stella [2.4K]3 years ago

6 0

Answer:

Productivity rises more quickly when countries produce goods and services for which they have a natural talent.

Explanation:

This is the best option with the theory of comparative advantage states countries produce goods for which they have a lower opportunity cost. Having resources and talents lower the opportunities cost. When countries do this, it increases economic welfare for all.

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According to the Florida bureau of economic research, the mean rent price for condo in Florida is $ 700, We want to test this hy

CaHeK987 [17]

Answer:

The answer is a.

Explanation:

I can safely say that in order to have an exact value of an average of $ 700, it is because an initial survey had to be made of people in 50 condominiums that allowed finding several sample means and finally finding the total sample mean, this data allows determining an exact average of reliable values supplied by respondents in the sample.

8 0

3 years ago

Crane Company had 790000 shares of common stock outstanding on January 1, issued 121000 shares on May 1, purchased 60000 shares

Digiron [165]

Answer:

The weighted average shares outstanding for the year is 859,000.

Explanation:

Jan.1: outstanding shares 790,000: (790,000 x 12) = 9,480,000

May.1: Issued additional 121,000 shares: (121,000 x 8) =968,000

Sep.1: Purchase 60,000 shares of T.S: (60,000 x 4) = (240,000)

Nov.1: Issued additional 50,000 shares: (50,000 x 2) =100,000

= 10,308,000

Note: We take the number of months from the transaction date to the months remaining in the year end.

Weighted Average Outstanding Shares = 10,308,000

Weighted Average Outstanding Shares = 859,000

5 0

3 years ago

Read 2 more answers

Explain the concept of a Pereto Chart - provide an example - explain how the concept of the Pereto Chart might be used in making

Bezzdna [24]

Answer:

a. A Pareto Chart is a graph that shows the frequency of flaws and their overall impact.

b. For instance, by using Pareto Charts, you might discover that putting in 13% of the effort yields 87% of the results. Alternatively, 30% of underlying causes might be addressed to solve 70% of problems.

c. Pareto charts are important for deciding which defects or negative risks should be prioritized in order to achieve the best overall results.

Explanation:

a. Explain the concept of a Pereto Chart

A Pareto Chart is a graph that shows the frequency of flaws and their overall impact. A Pareto chart is a fundamental quality tool that can be used to identify the most common problems, complaints, or any other countable and categorizeable factor. A Pareto chart is a form of graph that includes both bars and a line graph, with bars representing individual values in descending order and a line representing the cumulative total.

b. Provide an example

The Pareto Principle explains how there is frequently a lack of symmetry between the labor you do and the outcomes you get. For instance, by using Pareto Charts, you might discover that putting in 13% of the effort yields 87% of the results. Alternatively, 30% of underlying causes might be addressed to solve 70% of problems.

b. Explain how the concept of the Pereto Chart might be used in making decisioins about handling negative risks which could impact a project or organization.

A Pareto diagram is used to distinguish between the important and inconsequential components of a problem. It frequently shows the most common sources of defects, the most common type of fault, the most common grounds for customer complaints, and so on in quality control.

Therefore, Pereto Chart might be used in making decisioins about handling negative risks which could impact a project or organization as it allows a project team or an organisation to know where to focus their improvement efforts by graphically distinguishing the parts of an issue. Pareto charts are therefore important for deciding which defects or negative risks should be prioritized in order to achieve the best overall results.

5 0

4 years ago

The fundamental economic problem is meeting people’s virtually unlimited needs and wants with limited resources.Question 3 optio

Solnce55 [7]

Answer:

The correct answer is: True.

Explanation:

The basic or fundamental problem in economics is people have unlimited wants and needs and the resources are limited. These limited resources have alternative uses and are used to satisfy unlimited wants and needs.

These resources are to be used rationally in such a way that total utility or consumption derived is maximized.

7 0

4 years ago

Which of the following is NOT an element of organizational structure? A) Well-articulated mission, vision, and value statements.

alekssr [168]

Answer:

A) Well-articulated mission, vision, and value statements.

Explanation:

An organizational structure can be defined as a system that states how business activities such as standard rules, task allocation or roles of employees, coordination, responsibilities and supervision of these activities are directed so as to enhance the achievement of the goals, aims and objectives of the organization.

Simply stated, an organizational structure usually defines a hierarchy, which is used to determine how information, roles and responsibilities flow from one level to another in an organization. Generally, the flow of information are usually from top to bottom.

Furthermore, the organizational structure can be divided into four (4) distinct categories and these are;

1. Matrix organizational structure.

2. Functional organizational structure.

3. Divisional organizational structure.

4. Flat organizational structure.

The following are the elements of organizational structure;

A. Formal reporting relationships. This is enhanced by assigning a hierarchy, where informations are reported to the right individual and in a timely manner as well.

B. Grouping together of individuals into departments. This is to increase the level of output and enhance building good, coordinated development through division of labor.

C. Systems designed to ensure effective communication.

Hence, a well-articulated mission, vision, and value statements isn't an element of organizational structure. It could be regarded as an organization's center of gravity.

3 0

3 years ago