Answer:
Explanation: The implementation of resource management policies can be achieved through the following: control theory, machine learning, utility-based, and market-oriented method.
1. Control theory:
Benefit- it can analyse linear and non linear systems, single or multiple systems.
Problem- It is complex and requires multiple computations
2. Machine learning Theory:
Benefit- It does not sole depend on extracting information and it gives room for improvements. It performs routine and non routine tasks
Problem- It requires a complex to understand and need trained professional to operate it.
3. Utility-based method:
Benefit - It gives urgency to tasks, it gives users better satisfaction.
Problem- the tasks needs to be carried out continuously
4. Market-oriented method:
Benefit - it gives room to know and understand the market, it leads to an increased organisational performance.
Problem- requires a professional.
Answer:
The correct answer is letter "A": having proven technological expertise and an ability to churn out new and improved products on a regular basis.
Explanation:
Resources are all those components that organizations use for production. Mostly known as the factors of production they are:
- Land: <em>physical territory where the company handles its operations including its raw materials.
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- Capital: <em>monetary resources, machinery, </em><u><em>technology</em></u><em>, and buildings. Social and intellectual capital.
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- Labor: <em>people performing physical and intellectual work.
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- Entrepreneurship: <em>innovation to use the land, capital, and labor at its maximum level possible.</em>
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Therefore<em>, technology is a source useful for production from where companies can create other goods. Combined with expertise it could represent a competitive advantage that allows firms to outstand.</em>
Answer:
Correct answer is B.
Explanation:
B is correct. In the Strong-form efficient market hypothesis, all public and private information is reflected in prices and it is impossible for anyone to outperform the market. Only new information affects stock prices, but then, this new information is processed correctly and reflected in the price of an asset so fast before anyone can act on it. As a result, the price action becomes totally unpredictable and prices appear to move randomly.
Answer:
FIXED PRICE CONTRACT
Explanation:
The type of contract that is most suitable if the type of work is predictable and the requirements are well-defined and not likely to change is FIXED PRICE CONTRACT because it looks as if the vendor is asking for a cost-plus-fixed-fee contract. However, by asking for a fixed $12,500, the vendor is actually asking for a FIXED PRICE CONTRACT. The cost and fee are just the components the vendor has estimated to come up with a final price.
Answer:
Differences in abilities and talents
Explanation:
Income inequality refers to variation or discrepancy between income levels of individuals. Income inequality arises on various accounts one of which being, difference in abilities and talents.
All individuals possess different skill sets and their efficiencies vary too. Some individuals are more creative and talented than others while some are more laborious and hardworking.
Each skill set has it's own demand and thus, income is fixed as per the demand of a particular skill set for a given sector.
This leads to some earning lot more than others and differences in pay scales as per the abilities individuals possess.