Answer:
Edward L. Thorndike
Explanation:
He was an American psychologist whose work on animal behaviour and the learning process led to the theory of connectionism, which states that behavioral responses to specific stimuli are established through a process of trial and error that affects neural connections between the stimuli and the most satisfying responses
AS natural monopoly could be like emeralds from Colombia say or softwood from British Columbia, Canada whereby there are few competitors that have the product. The government may want to regulate the price of such goods such that it can't be accused of flooding the market on the world market (ie not too low a price) and this could be regulated by trade agreements like NAFTA or may limit the upper price limit to allow more purchasers to buy the product. Personally it is felt that so-called 'free-trade' agreements interfere far too much in the economies of member countries especially junior partners as they encourage the influx of cheap goods from other countries, thus putting out of business or lowering standards for good production within the country and also violating the laws of the country by provisions which overrule the laws normally used to protect goods from the country like import duties for example.
Answer:
34,000 units
Explanation:
Given that,
Budgeted sales = 32,000 units
Ending inventory required = 6,000 units
Beginning inventory = 4,000 units
Hence,
Number of units = Budgeted sales + Ending inventory - Beginning inventory
Number of units = 32,000 units + 6,000 units - 4,000 units
Number of units = 34,000 units
Therefore, 34,000 units must be produced to also meet the 6,000 units required in ending inventory.
Answer:
Activity expected duration = 2.333
Explanation:
Given:
Optimistic (a) = 1
Most likely (m) = 2
Pessimistic (b) = 5
Activity’s expected duration = ?
Computation of Activity expected duration:
Activity expected duration = [1 + 4(2) + 5] / 6
Activity expected duration = [1 + 8 + 5] / 6
Activity expected duration = [14] / 6
Activity expected duration = 2.333
