Answer:
In economics, capital refers to buildings and machines used in the production process.
The correct answer is B
Explanation:
In economics, capital is the totality of machines, tools, equipment and raw materials used in the production process.
Answer:
the level of real GDP that exists when the economy is experiencing only frictional and cyclical unemployment.
Explanation:
Potential GDP output is the highest level of real GDP that an economy can achieve over a sustained period of time and at a constant inflation rate. Potential output is reached when the natural rate of unemployment exists.
Natural rate of unemployment = frictional + structural unemployment
An economy can temporarily reach an output level higher than potential, but it will cause a surge in the inflation rate that will soon lower real GDP.
Answer:
the manager risks legal enquiry for unjust dismissal of other employees for lateness as well.
Explanation:
Irrespective of an employee's performance, good or bad, a manager has to company policy regarding any misdemeanour should be meted out as at when due. This will ensure and give other employees the sense of responsibility to assume and resume as at when due and that no one in the organization is above the law.
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Supply-chain management includes operations management, supply management, logistics, and channel management activities. This statement is True.
It guides the group's efforts toward achieving specific, pre-established goals. “Management” is the process of cooperating with and working through others to effectively achieve organizational goals by using limited resources efficiently in a changing world.
First identified by Henri Fayol as the Five Elements, there are now four generally accepted management functions that include these necessary skills.
The definition of control is the way something is handled, the care is taken, the ability to oversee, or the responsibility to a company or group. An example of control is how a person handles personal finances. An example of management is concerned about handling fragile things.
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Answer:
REAL GDP
Explanation:
GDP typically used as a variable to measure a nation's economic strength within a certain time period. But often time, the value of GDP is a little bit jaded. If the inflation is high, an increase in GDP doesn't really mean that the country become more productive.
This is why there are many experts prefers to use REAL GDP as a more accurate unit to measure the economic strength.