Forgone output is the fundamental economic cost of unemployment. So, output (option (b)) is the right choice.
<h3>Forgone labour output </h3>
Forgone labour output is the amount of money that persons would have made over the course of their remaining working lives, discounted to the current year if they had not passed away too soon. Forgone labour production, like other accounting metrics like the Gross Domestic Product (GDP), is not meant to represent a gauge of society's prosperity. This brings us to the welfare-based approach, which is the second method for estimating the costs of premature death.
The potential for the production of goods and services is lost forever when the economy fails to provide enough jobs for everyone who is able and willing to work.
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Answer:
An example of an operational risk would be if a business were unable to meet
its sales orders because of the death of the company president
Explanation:
When death incur from the owner or incharge of such business it might affect the operations of such businesses but if all other factors has been put in place, it would enable the business to carry on even when the owner is dead.
Answer:
2.$19,500.
Explanation:
The computation of the amount of dividend is shown below:
As we know that
Ending retained earning balance = Beginning retained earning balance + net income - cash dividend paid
$13,000 = $13,000 + $6,500 × 3 years - cash dividend paid
So, the cash dividend paid is $19,500
We simply applied the above formula
Hence, the correct option is 2.
Answer:
someone or something else benefits such as other workers or the environment.
Explanation:
In the business environment it is inevitable that sometimes bad news will have to be delivered to colleagues, subordinates, management, or a customer.
Cushioning the effect of bad news helps maintain relationships after the occurrence of the adverse effect, so it is important to choose a delivery method that ease acceptance of bad news.
If bad news is delivered with the feedback that other workers or the environment benefits, the receiver will have some comfort that his loss is helping someone else. This will take the attention away from the receiver to the other person or entity that benefits.
<u><em>Explanation</em></u>:
It is worth recalling that in the case study, Art enjoyed several roles in the his grandfather's store and at S.E Nichols.
Some the management functions that were helpful to him was learning effective customer service and learning the importance of inventory control.
<u>Overtime Art gained experience</u> on how to properly manage inventory, this is evident from the fact that he was able to determine what inventory needed to be restocked and the quantity to be bought.
