Answer:
In the article since Toyota Prius is partly run by fuel it's sale is hurt by lowering of gasoline price. So more gasoline leads to less Toyota Prius sales. This indicates substitution.
On the other hand considering wholly gasoline powered cars, when prices of gasoline goes down, more gasoline is purchased and people tend to trade in their Toyota Prius for gasoline cars. In this case relationship is complimentary as increase in sale of gasoline leads to increase in sale of gasoline cars.
Explanation:
Answer: The opportunity cost of producing 1 apple will be 1 orange.
Explanation:
Opportunity cost is defined as the loss or cost of another alternative when another alternative is being chosen by an economic agent.
In this scenario, the opportunity cost of producing every additional apple will be 1 orange due to the fact that as there's an increase in the production of apple from 80 to 90, there'll be a reduction in the production of orange from 30 to 20.
This indicates that for the increase of 10 apples, there's a reduction of 10 oranges which implies that an increase of 1 apple brings about a reduction by 1 orange.
Answer:
The answer is <u>KS 1.01/EB</u>.
Explanation:
This is an example of a cross rate.
Cross rate refers to an exchange rate between two currencies that is calculated based on the exchange rate of each of the two currencies to a third currency.
For this question, the cross rate KS/EB will be estimated by reference the US dollar which is third currency. This can be calculated by simply dividing the KS 1.4/$ by the E B1.39/$ as follows:
KS/EB = 1.4 / 1.39 = 1.01
That is, the answer is <u>KS 1.01/EB</u>.
<span>When creating an outline, where should you include supporting material? Bullet points should be found in each section allowing the supporting material to be broken into larger details to use as starting points for smaller details when the paper gets </span>written. The supporting material books and sites that were used will go on the works cited page.
Lower- level managers are empowered to make decisions in a decentralized organization, which can increase motivation and job satisfaction.
What is decentralized organisation ?
A company with a decentralized organizational structure is one where mid- and lower-level managers make most of the decisions, rather than the senior management team. Sometimes the employees themselves are even involved in the decision-making process. The opposite of a decentralized organization is a centralized one, where the highest-ranking leaders within the company make all major decisions, and there is a strict decision-making hierarchy. Most companies are not fully decentralized or centralized, having various degrees of both instead.
Some of the main situations where decentralized organization works well include:
- When a company has different points of contact with its customers and each requires highly individualized customer service.
- When an organization has a large number of different store locations and its upper management cannot monitor all of them and make important decisions for them.
- When the market for a specific product is fast-paced and there is intense competition, so all decisions need to be made as quickly as possible.
- Where new developments constantly alter the business model, making centralized control less effective.
Centralized organization :
A centralized organization is an organization that has a consolidated management system with decisions made by the top management then trickling down the chain of command to reach the organization's employees. Centralized organizations are distinguished by specific characteristics, which include;
- The management has a top-down approach where the subordinates follow orders without question.
- The organization has a well-established bureaucracy with a distinct chain of command.
- All the decisions are centrally made, and the opinions of subordinates are hardly considered.
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