While working on the project, Martha is most likely to be bored and less creative than usual.
Specialisation is an economic theory that suggests a person carries out activities for which one has a comparative advantage in or is most efficient in. For example, Martha is skilled in web design, economic theory would suggest that she specialises in Web design.
<u><em>Advantages of specialisation </em></u>
- The worker that carries out the same job function repeatedly becomes extremely skilled in the activity.
- Work is carried out faster.
<u><em>Disadvantages of specialisation </em></u>
- Work can become monotonous
- Employees skills in other job functions declines.
If a person carries out the same rudimentary task repeatedly, it is likely that the individual would become bored. For example, if an engineer is employed to put marbles in a box. Soon he would become bored because the work he is doing is not mentally stimulating.
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The answer is true. Economics is a system invented to supply a certain demand from a population. But the underlying central issue is will the resources last to supply that demand.
the responsibilities of a manager in an investment center compare to the responsibilities of managers in a cost or profit center-----Investment center managers have more authority and responsibility than managers of a cost or profit center
What is the difference between a profit center and an investment center?
Profit center is a division or a branch of a company that is considered to be a standalone entity that is responsible for making revenue and cost related decisions. Investment center is a profit center that is responsible for making investment decisions in addition to revenue and cost related decisions
What are investment center managers responsible for?
An investment center segment of an organization responsible for costs, revenues, and investments in assets. is an organizational segment that is responsible for costs, revenues, and investments in assets. Investment center managers have control over asset investment decisions.
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The central bank decreases the money supply. The relationship between the unemployment rate and the rate of inflation is one of the key concepts in economics, and the short run Phillips curve illustrates this relationship.
The relationship between this shift in the aggregate demand curve in the short run and the emergence of unemployment and inflation is shown by the curve. Additionally, it displays the short-term shift in the economy's aggregate supply curve.When the economy shifts from its short-run equilibrium to its long-run equilibrium.
The following things will occur the cost will decrease.There will be less demand for money. Note that a decrease in the moment supply will cause the moment supply to move to the left. A smaller money supply will also result in a smaller overall demand. Therefore, the price level and money demand will both decrease as the economy moves from its short-run equilibrium to its long-run equilibrium.
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