Answer:
The correct answer is letter "C": Managers prefer regular, written reports on firm activities.
Explanation:
Managerial behavior is an approach that focused on the implementation of motivation within the work-frame. The classical management perspective, on the other hand, states that employees are driven by physical and economic needs. It sets aside the worker's job satisfaction and mainly focuses on job specialization. When comparing the two points of view, written reports on firm activities have nothing to do.
Answer:
There will zero economic profits in the long run.
Explanation:
Monopolistic competition is a market structure where there is a large number of firms producing differentiated products. There is very low or no restriction on the entry and exit of firms in the market.
The market for plumbing services in a city is a monopolistic competition. An increase in the market demand will cause the price to increase. This will cause an increase in the profits of the existing firms.
In the long run, new firms will enter the market, increasing the market supply. This will cause the price level to decrease till all the firms are having zero economic profits.
Explanation:
The production system consists of all integrated activities and operations for the production of goods and services.
Organizational capacity is measured by the set of effective actions of coordination and control of the production system. Therefore, active management of systems monitoring will determine key factors for better meeting consumer demands and needs through continuous improvement in the quality of manufacturing processes, innovations, reduction of waste and unnecessary spending, which enables greater transfer to the customer a product with quality and low cost and represents for the organization gains of competitive and strategic advantages.
A shift to the right (or outward) in a ppc/ppf represents expansion, which may be brought about by better utilizing current resources (improved technology) or by gradually acquiring more resources.
The Production Possibility Frontier (PPF): What Is It?
The production possibility frontier (PPF) is a graphed curve that shows the possible output of two items whose production is reliant on a single finite resource. The PPF is often referred to as the production possibility curve.
PPF is important in economics as well. For instance, it can show that a country's economy has achieved the maximum level of effectiveness.
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