It's False
I hope I have helped you I don't know much about that
Explanation:
It is an simplified version which makes us to understand and observe the "economic behavior"
It purely uses mathematical concepts and simplify the information and show only important or highlighting information.
You can alternatively use "economic theory" instead of "economic model"
A good economic model, will make the user to understand the complex information with the help of key pointers.
There are 2 broad classification of Economic model:
1. Theoretical
2. Empirical.
The commonly used economic model is the classic model, which constitutes of "The law of demand and the law of supply"
Answer:
Franchise
Explanation:
Franchise is firstly permitted by government. Franchise gives authority to sell the product by the brand name which means one franchiser person gives rights to another people to use his trade name, the product rights and formulas and set the specific target in a given geographic area to another person for the benefit of the organization.
Answer:
- Interpersonal.
- Decisional roles.
- Interpersonal.
Explanation:
Managerial Roles: <em>Henry Mintzberg</em> has identified the roles managers play as they engage themselves in work. Managerial role refers to any specific action that is expected by a manager.
- Interpersonal roles: These are the ones that involve people and other duties that are ceremonial and symbolic. There are 3 informational roles that a manager plays <em>Figurehead, Leader, and Liaison.</em>
- Decisional roles: It involves making decisions or choices, There are 4 decisional roles <em>Entrepreneur, Disturbance Handler, Resource allocator, and Negotiator.</em>
- Informational roles: These roles involve receiving and transferring of information, It also involves 3 roles, <em>Monitor, Dissemniator, and Spokesperson.</em>
The anwser to this question is b. prepare the statement of the retained earnings