Answer:
E. New buy.
Explanation:
A new buy is a circumstance requiring the acquisition of an item for the absolute first time.
A point outside a society's production possibilities curve is one that is A. unattainable given the resources of the society.
<h3>What is a Production Possibilities Curve?</h3>
This refers to the economic model that shows the cost of a society's choice when faced with the choice of different goods.
Hence, given the graphical curve, it can be noted when there is a point outside the production possibilities curve of a given society, this means that the goods are unattainable given the resources of the society.
Read more about Production Possibilities Curve here:
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Answer:
b) Cut hours and workers in order to minimize costs
Explanation:
Rational decision making is the process by which a business manager analyses different factors and outcomes before choosing a particular line of action.
The manager will have to choose between alternative options that are available.
In the given instances only the option to cut hours and workers in a bid to reduce cost shows the manager made a decision to achieve a goal (cost reduction).
The other options do not define a clear business goal and a strategy to achieve it
Answer:
The capability index for process H, K and T are 0.94, 1 and 1.33 respectively ( chose lowest one between upper and lower capability index ).
On the basis of capability criteria one can say that only process-T is capable.
