Answer: Option D
Explanation: In simple words, estimating pitfall refers to the potential errors that may or may not occur in the future. These are human errors that are caused due to omissions, double recording or no recording etc. Such errors can result in the failure of the project.
Hence from the above we can conclude that the correct option is D.
Answer:
rely on the invisible hand of the market to reallocate resources,
Explanation:
The invincible hand was adams Smith's idea which is defined as an observable market force that helps the demand and supply of goods in a free market to attain equilibrium naturally without government intervention in the market thereby leaving the people alone to buy and sell freely among themselves . This would naturally choose type of goods to be produced and reduce resource waste by closing Down weak markets that produce less demanded products.
Answer: Option A
Explanation: In simple words, Short run budgets refers to the budgets which are made for a period of less than 12 months and long run budgets are made for a time period greater than one year.
Short run budgets are prepared for some specific assets such as supplying a new customer for one year.
Thus, from the above we can conclude that the correct option is A.
Bridges, shopping centers, and other jobs that take months or years to complete and involve the work of many are called Project
What is project?
A project is any endeavour that is carefully planned to accomplish a specific goal, whether it is done alone or with others. It may also involve research or design.
An alternate perspective describes a project as a series of connected tasks that must be completed within specific time, budget, and other constraints.
To learn more about Project
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Answer:
A. have permission from the government.
B. face a downward-sloping demand curve.
C. set price equal to marginal cost.
D. be sure the price-marginal cost ratio is the same for all its submarkets.
Explanation:
