If the demand for steak (a normal good) shifts to the left, the most likely reason is that consumer income has fallen.
<h3>What is a normal good?</h3>
Normal goods are goods that are goods whose demand increases when income increases and falls when income falls.
The demand curve shows the relationship between price and quantity demanded. A shift to the left of the demand curve indicates that demand has decreased.
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The answer is stuttering if not it is tongue tied
Correct/Complete Question:
When a manager identifies an opportunity, he or she generates alternatives to pursue the opportunity, selects one of them, implements it, and then evaluates the results. This manager is acting out the ____ process.
A. decision-making
B. control
C. formal leadership
D. managing
E. alternative-generating
Answer:
A, decision-making
Explanation:
Simply put, decision-making can be defined as the process of making decisions.
These decision making processes involve identifying the problem, creating a solution, implementation and evaluation of solution. All these processes are psychological or cognitive as it helps the the individual to make a decision from a bunch of options.
As in the question, the identification of an opportunity, generation of alternatives, implementation and evaluation of the generated processes shows the manager is showing his or her decision-making qualities.
Cheers.
Answer:
vertical management
Explanation:
The flow of information that takes flows from the top management to the subordinates is said to be vertical management. The information is passed from the managers to the employees at the lower levels. Primarily the feedback are communicated in this form of management. The control of the higher authority is high and strong.
The given excerpt is an example of vertical management that flows in the military organization.
Answer:
Order size = 50 cars
The number of orders=25
Explanation:
<em>The Economic Order Quantity (EOQ) is the order size that minimizes the balance of ordering cost and holding cost. At the EOQ, the carrying cost is equal to the holding cost. </em>
It is computed using the formulae below
EOQ = √ (2× Co× D)/Ch
Co- Ordering cost, Ch- Carrying cost - D- Annual demand
EOQ= √2× 1000× 1250/1000= 50
Number of cars to be ordered per time, i.e optimal order size= 50 cars
Order size = 50 cars
b)
The number of times orders should be placed per year would be calculated as follows:
The number of orders = Annual demand/ order size
The number of orders= 1250/50 = 25
The number of orders=25