Answer:
Both Hillyland and Flatland will be better off in a win-win solution if they engage in comparative advantage.
Explanation:
Suppose each nation decides to specialize in the most suitable crop, and trade with the other nation for the other product, the trade-offs will be the products they supposedly can produce but do not have comparative advantage in. For Hillyland it will be rice and for Flatland it will be coffee.
When both nations practice comparative advantage there will be no losers because economic theory suggests that, when countries practice comparative advantage, the sum total of their combined output will be greater than if they had produced all products themselves because they wanted to be self sufficient.
The logic is simple, goods are less costly to produce in a country that has comparative advantage and at the end they could be sold cheaper to the country that traded it off.
I experienced lean management at a very large open pit mining operation in the 1980's and 1990's. Part of it was a new theoretically streamlined system for purchase orders. Prior to this introduction, the technical people only had to briefly fill out a hand written form and send it to purchasing where they completed the final form. After the JD Edwards system was introduced, then the entire onus was on the technical person to complete the whole order in its' final form so this resulted in added stress to us and meant more time in the office and less on important field duties..
Also,since we had a skeleton crew in mine engineering, I (we) had to do multiple projects which only allowed us to touch lightly on each one and therefore compromise the quality of the work. As primarily a field man, I would need to both plan the work and also carry it out myself in the field and sometimes it was difficult to do both,
Answer:
vertical marketing system
Explanation:
Based on the scenario being described within the question it can be said that this scenario represents the first phase of a vertical marketing system. This is a cooperative system of business, in which members work together in order to correctly promote efficient manufacturing and product delivery to the customers, to meet customer needs.
Answer:
Must still arrange to obtain and pass a background screening
Explanation:
A notary agent is also called a signing agent and they obtain the official signature of an appearer on a document. They ensure that legal documents are authentic, they check identity of the person signing, and serve as witness.
Notary agents are required to obtain a background check every 12 months.
Background checks verify identity, address, criminal record search, vehicle records, and known terrorist list check.
So the notary agent that has been providing signing services for 10 years still needs to obtain a background check.
The delegated authority of the Securities and Exchange Commission (SEC) on establishing accounting principles for publicly traded companies in the United States impacts all <u>publicly held companies</u>.
<h3>What is the role of the SEC?</h3>
The Securities and Exchange Commission (SEC) is a well-recognized U.S. government oversight agency.
It is responsible for regulating the securities markets and protecting investors' investments.
It does this, by:
- Maintaining fair, orderly, and efficient markets
- Ensuring compliance with financial regulations
- Ensuring transparency in financial reporting
- Facilitating capital formation.
Thus, the delegated authority of the Securities and Exchange Commission (SEC) on establishing accounting principles for publicly traded companies in the United States impacts all <u>publicly held companies</u>.
Learn more about the Securities and Exchange Commission at brainly.com/question/3798508
