Market failure occurs whenever "free markets fail to distribute resources efficiently".
<u>Answer:</u> Option A
<u>Explanation:</u>
The free market is a supply and demand-based economic system, with minor or zero government control. Market failure take place on the failure of efficient resource distribution, because if the demand of public will not be met on time than self life of product start decreasing and consumers may find alternatives to fulfill needs.
The causes for free market failure may be resulted from following factors like:
- positive and negative externalities,
- environmental concerns,
- lack of public goods,
- under-supply of merit goods,
- over-supply of demerit products and
- misuse of monopoly power.
They fought in the revoultionary war for freedom
According to John Horn, fluid intelligence steadily declines from middle adulthood onward. Fluid intelligence is described as ability to solve problems at the moment-navigated and adapt to a new situation. According to John Horn, there is a fluid and crystallized intelligence.
Answer:
True
Explanation:
Operations Management is an area of management that deals with processes and functions that manufacture goods and renders services to the end user while taking care of efficiency, effectiveness, and productivity.
OM primarily increase value-added during the transformation process.
OM information systems help to determine what resources will be needed
, when each resource will be needed and who will perform the work.
It's main objective is to utilize resources of the organization in the best possible manner.
It also considers many interrelated activities, such as forecasting, capacity planning, scheduling, managing inventories, assuring quality, motivating employees, deciding where to locate facilities, and more.
The given statement is true.
Answer: True
Explanation:
Monopolizing aims at an individual gaining control over an event or a situation than any other person. The focus is usually on the individual.
