A correct reward system, as well as a fair affirm attitude, are the main factors that drive employees proactively.
Thus, the fact that employers generate fair, equitable and stimulating reward systems gives their employees a real incentive to achieve the best possible result in their daily work.
On the other hand, it is also necessary for employers to generate systems not of punishment but of conduct and responsibilities that allow them to channel the work of their employees so that they tend to better perform their tasks.
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Answer:
a. If all 307 registered fishermen were to be employed by hotels (in addition to the 3,409 people already working in hotels), how many hotel stays could Bermuda produce?
since the opportunity cost is constant, then if all 307 fishermen decided to become hotel workers, then the total number of hotel stays would be (286 tons of fish x 2,000 stays per ton) + 538,000 stays = 1,110,000 stays
b. If all 3,409 hotel employees were to become fishermen (in addition to the 307 fishermen already working in the fishing industry), how many metric tons of fish could Bermuda produce?
total number of fish caught = (538,000 stays / 2,000 tons per stay) + 286 tons of fish = 555 tons of fish caught
c. attached graph
A. Horizontal :) remember to hit that thanks button please:)
Answer:
Self-interest in a market system will automatically promote the public interest as well.
Explanation:
An economy is a function of how money, means of production and resources (raw materials) are carefully used to facilitate the demands and supply of goods and services to meet the unending needs or requirements of the consumers.
Hence, a region's or country's economy is largely dependent on how resources are being allocated and utilized, how many goods and services are to be produced, what should be produced, for whom they are to be produced for and how much money are to be spent by the consumers to acquire these goods and services.
A free-enterprise system also referred to as capitalism or free market can be defined as a type of economy in which prices, products and services are being determined by the market rather than the government. Thus, a free-enterprise system is devoid (free) of government regulations, interference or control because the market (enterprises) are the ones who are saddled with the responsibility of determining the market forces.
Simply stated, a free-enterprise system is a type of economy that is completely driven by demand and supply of goods and services.
The "invisible hand" concept asserts that the self-interest by producers and suppliers of resources in a market system will automatically promote the public interest as well.
This ultimately implies that, public and private interest will always coincide assuming there exist competition in a free market system.
In conclusion, the invincible hand concept is a metaphorical description of the unforeseen forces that typically moves a free market system or economy.
Answer: C. A company report that measures the firm's social contributions inside and outside the firm
Explanation:
