Answer:
C
Explanation:
When a company utilizes outsourcing it arranges for other organization in the supply chain to perform functions that were previously performed internally.
Answer:
B. decisions made by individual households and firms.
Explanation:
Economics is the study of choice to satisfy unlimited wants from limited resources, having alternative uses.
'Micro' word gets origination from greek language, meaning 'small'
Micro Economics is the study of 'individual' economic participants - individual households' & individual firms' choice decisions
Eg : Price of a good, Utility maximising consumption of consumer, profit maximising output of a producer/ seller.
False. It's called net income.
A <em>surplus</em> is when your income exceeds your expenses.
Answer:
Buy Camera 2.
Explanation:
PACED, decision making process is used to make decisions when alternative options are available. In the given case Melissa has two option either to buy camera 1 or camera 2.
The steps for PACED decision making process are :
1. Define the Problem
2. List Alternatives
3. Identify Criteria
4. Evaluate Alternatives
5. Make a Decision
1. To buy Camera 1 or Camera 2
2. Camera 1 or Camera 2
3. Which ever camera has more features will be selected
4. Camera 2 has better features than camera 1
5. Buy Camera 2.
Answer: Automatically
Explanation: The warranty of merchantability could be explained as a guarantee that a product purchased will meet the usual and regular standard or requirement of such product. Under the Uniform Commercial Code, the warranty of merchantability is implied as this automatic unless the defects in the regular nature or specification of the product is clearly stated. In the scenario above, the warranty of implied merchantability automatically arises in the sale of the trampolines and as such, the trampoline must meet the regular standard of the product since no defect is explicitly stated in the regular specification.
