Answer:
All of the above are true.
Explanation:
The law of diminishing returns was first formulated by the classic economist David Ricardo. It presupposes a technical relationship between input and output, which is not scientifically demonstrable but only empirically. In practice, in a generic production system, at any contribution of any factor, that is, land, labor, capital, machines, etc. there is no proportionally increasing production increase.
Normally it is assumed that the law does not always come into operation but only when the variable input exceeds a certain threshold. For example, the increase of workers on an assembly line certainly allows a proportional increase in production, but only until the entire system begins to suffer from malfunctions due to logistics or work organization, precisely because of the its getting bigger. Large industrial plants have shown that they must be divided into sections, however coordinated, precisely because of the decreasing returns. This is because the increase in the number of workers and the mass of the plants does not correspond to a consequent increase in production.
The answer is, False.
- A collection of tools (technology, applications, etc.) known as business intelligence (BI) is used to enable better business decisions.
- BI is a tool for achieving goals, not a goal in and of itself.
- BI is a crucial tool since technology is advancing quickly and steadily.
- For instance, it took Walmart several decades to overtake Sears as the leading retailer in the United States, but Amazon did so in only a few short years.
- Our world has radically transformed as a result of new technology, and no organization can afford to fall behind.
<h3>What do you mean by business intelligence?</h3>
- Business intelligence (BI) is a technology-driven method for data analysis and information delivery that aids managers, employees, and executives in making wise business decisions.
<h3>What is business intelligence give examples?</h3>
- BI encourages the use of historical data to promote fact-based decision making as opposed to assumptions and intuition.
- Data analysis is carried out by BI tools, which also produce reports, summaries, dashboards, maps, graphs, and charts to give users a thorough understanding of the nature of the business.
Learn more about business intelligence here:
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Answer:
$59,080
Explanation:
The calculation of September cash disbursements is shown below:-
September cash disbursement = Company's budgeted fixed manufacturing overhead - Depreciation + Variable manufacturing overhead
= $43,120 - $3,640 + $7.00 × 2,800
= $43,120 - $3,640 + $19,600
= $62,720 - $3,640
= $59,080
Therefore for computing the September cash disbursement we simply applied the above formula.
Globalization affects all lives across the world with the world being completely connected by it. All of the points given here are valid.
Explanation:
Due to a globalized economy we are able to -
-Buy clothes and items from across the world and get them shipped to us. We also are able to buy things made in different parts of the world.
- The communication between the whole world is now clicks away from each other
- The websites we use are created in other countries sometimes.
-The businesses in one's own country are often foreign businesses.
All of these are things that are happening due to globalization as the world has become completely interconnected and interdependent.
Answer:
Disposible income.
Marginal propensity to consume.
Disposible income, marginal propensity to consume.
The consumption will increase by $800
Explanation:
The consumption function shows the relationship between consumption spending and disposible income.
The slope of the consumption function is the marginal propensity to consume.
Changes in consumption can be predicted by multiplying the change in disposible income by the marginal propensity to consume.
Given: MPC = 0.80
Disposible income increases by $1,000
consumption increase = 0.80*$1000
= $800
Therefore, The consumption will increase by $800.
