Answer: Option (D) is correct.
Explanation:
Correct: The country’s production possibilities curve will shift out.
The production possibility frontier shows different combination of two goods that are to be produced with the available resources. It also shows the point on the curve which represents the efficient level of quantity to be produced.
So, if there is any improvement in the factors such as technology advancement and level of education will generally results in higher economic growth and increase in the level of output.
Hence, there is an outward shift in the production possibility frontier.
Answer:
C) Several of the characteristics of a high performing strategic leader.
Explanation:
Nishimatsu established several policies (e.g. open-door, eating with employees, etc.) to decentralize planning strategies.
Nishimatsu also had the habit of talking with flight attendants and other low level employees as a way of being well informed about the airline's operations.
He even decided to take a wage cut when the airline was in financial trouble, which is extremely uncommon for a CEO.
Nishimatsu's behavior and traits made the employees have a very positive opinion of him, and they felt he was approachable and a true leader.
Answer:
Net Income for the year is $41700
Explanation:
The accounting basis that is generally followed by the businesses is the accrual basis of accounting. The accrual principle states that incomes and expenses should be recorded and recognized in the period to which they relate to rather than in the period where cash is received or paid.
This means that we will record income and expenses related to this year in this year's profit calculation even when we have not received or paid cash for such incomes and expenses.
Thus, net income for this year will be calculated as,
Net Income = Total Sales Revenue - Total expenses
Net income = 113000 - 71300
Net Income = $41700
Simply put, Decision making is defined as the process involved in making a decision. It involves comparing alternatives and finding a solution to a problem.
The four styles of decision making are directive, analytical, conceptual and behavioral. Each style is a different method of weighing alternatives and examining solutions.
Kyle prefers to base decisions on lots of data, both objective data from information systems and qualitative data from people - Analytical decision style
Bill prefers simple, clear-cut solutions to problems. - Directive decision style.
Josie likes to talk to people one on one to find out how the decision will affect them - Behavioural decision style.
Answer:
decision support system.
Explanation:
A decision support system is an intelligent system that automates the organizational decision process by collecting data regarding organizational processes and logical and quantitative learning of factors that directly impact a business.
It is then configured as a very effective tool to reduce the risk inherent in the decision-making process of an expert who does not have much experience to make a decision based on their own knowledge.
