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2 years ago

Which of the following is an example of specialization?

Business

1 answer:

monitta2 years ago

5 0

Answer:

An example of specialization is;

A. Because of the high cost of labor, American companies have stopped most steel production and now import steel from other countries

Explanation:

Specialization in business is the strategy to focus on the production of a limited number of products or services based on comparative advantage, availability of resources and to improve efficiency, with the outcome of specialization include maximum possible productivity, advanced expertise, capacity for leadership in a field

The capital and labor intensive production of steel will make steel production at a location where labor cost is high less profitable than making the steel at a low labor cost location

The location of lower labor steel production that produces steel, is specialized in steel production, when it now supply steel to other locations where it costs less to buy than to produce steels.

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Mr. Jacob, who is terminally ill, writes a will transferring all his assets to his daughter Silvia, in the event of his death. T

Anit [1.1K]

Answer:

Invalid

Explanation:

Since it is stated in the will, that upon his death should the assets be transferred, it means that Silvia doesn't get anything until Mr Jacob ceases to be alive.

With the new development as regards Mr Jacob living for 6 more months before dying, Silvia has no assets yet and as such cannot transfer anything to Jacob Jnr.

Cheers

8 0

3 years ago

An example of an explecit cost of production would be

Pavel [41]

An example would be
The Cost of flour for a baker

3 0

3 years ago

Read 2 more answers

Sarah Covington, a sales manager at Synergy Corporation Bank, often keeps low expectations of her team. She feels that they are

Roman55 [17]

Answer:

Self-fulfilling prophecy

Explanation:

Self-fulfilling prophecy is the term which is defined as the phenomenon of socio- psychological of expecting something or predicting and this prediction comes true as one believes it will and the consequences behaviors align for fulfilling those beliefs.

In short, it states that the people belief could influence their actions.

So, in this case, the concept which state the team poor performance is the self- fulfilling prophecy.

4 0

3 years ago

Zack has two savings accounts with a total of $9,000. he withdrew 10% from one and 60% from the other to buy his girlfriend an e

skelet666 [1.2K]

Originally,
Let x = the balance in the first account.
Let y = the balance in the second account.

The total amount in the two accounts is $9,000, therefore
x + y = 9000 (1)

Zack withdraws 10% of x and 60% of y for a total of $2,175.
Therefore
0.1x + 0.6y = 2175
or
x + 6y = 21750 (2)

Subtract (1) from (2).
x + 6y - (x + y) = 21750 - 9000
5y = 12750
y = 2550
From (1), obtain
x = 9000 - 2550 = 6450

The balance in the first account is
0.9*x = 0.9*6450 = $5,805
The remaining balance in the second account is
0.4*y = 0.4*2550 = $1,020

Answer:
The balance in the first account is $5,805
The balance in the second account is $1,020

8 0

3 years ago

When determining the human resources needs for a well-known engineering firm, the HR director realized that the company lacked a

Free_Kalibri [48]

Answer:

The correct answer is the option A: External sources.

Explanation:

To begin with, in the field of business management when it comes to terms of sources of recruitment the extarnal sources are understood to be those who come from outside the organization and are needed to create a relationship in order to obtain good results. The external sources of recruitment are considered to be very expensive in comparison with the interanl sources and also to be more demanded of time as well. However, they also bring a great deal to the company due to the fact that increase the options available for the business to find the best of the best when it comes to potential employees.

8 0

3 years ago