Thorstein Veblen used the term "<u>Trained Incapacity</u>" to characterize situations in which workers have become so highly specialized, or have been given such fragmented jobs to do, that they are unable to come up with creative solutions to problems.
<u>Explanation</u>:
Thorstein Veblen was a sociologist and American economist lived in the year of 1857-1929. Veblen is known to be the father of institutional economics school.
"Trained incapacity" concept was introduced by Veblen. The concept states that even people with high experience and talent can make wrong decision, when the situations change.
Sometimes workers with high specialization will not be able to find solution for a problem. In such cases they could not think beyond their assumption.
yes
it is to study things about earth
The answer is forward foreign exchange transaction.
An OTC contract is a bilateral contract in which two parties (or their brokers or bankers as intermediaries) agree on how a particular trade or deal is to be settled in the future. It is usually from the investment bank directly to its clients for foreign exchange transaction.
What is forward foreign exchange transaction?
- A forward foreign exchange transaction is the most common method of avoiding currency risks and lock-in foreign exchange costs.
- All foreign trade settlements and foreign investments include foreign exchange hedging.
- Through a Forward Foreign Exchange transaction, you lock in the costs or revenues of a future payment or receipt of foreign exchange, thereby avoiding foreign exchange risks.
- Customers with foreign currency debts can fix the loan principal and interest payable using this product to avoid exchange rate risk.
To learn more about foreign exchange, visit:
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That statement is true, the best strategy to do next is indeed the unequal variance test.
The unequal variances test is only used when the two populations that were tested are equal.
This test that will crossreference every variances that these populations have in order to spot the difference that may cause the difference within the data
