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2 years ago

The principle that people face tradeoffs applies to:.

Business

1 answer:

svetoff [14.1K]2 years ago

5 0

The principle that people face tradeoffs applies to individuals, families and societies.

<h3>What does tradeoff mean?</h3>

Tradeoff is an economic term which means that when a person chooses a particular decision, he forgoes other decisions. For example, if a doctor leaves his job to travel the world. He is trading off the income he would earn from working as a doctor to enjoy travelling the world.

Here is the complete question:

The principle that "people face trade-off" applies so:

a) Individuals.

b) Families.

c) Societies.

d) All of the above are correct.

To learn more about tradeoffs please check: brainly.com/question/26315727

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Ed, an entrepreneur, wants to hire a human resource professional who can help him make decisions about who will or will not be a

Artyom0805 [142]

Answer: Personnel selection

Explanation: In simple words, personnel selection is a single term used for the collection of activities recruitment, hiring and acculturation. It involves appointing the suitable individual for the job vacant in the firm.

In the given case, Ed is hiring a human resource professional for his firm. Thus, from the above we can conclude that he should use the term personnel selection.

5 0

3 years ago

Assume, for Vietnam, that the domestic price of textiles without international trade is higher than the world price of textiles.

nikitadnepr [17]

Answer:

a. other countries have a comparative advantage over Vietnam and Vietnam will import textiles.

Explanation:

A country has comparative advantage if it produces a good or service at a lower opportunity cost when compared to other countries.

The price of textile in Vietnam is higher when compared with other countries, this shows that Vietnam doesn't have a comparative advantage in the production of textile.

Vietnam should import textiles and use its resources to produce other goods for which it has a comparative advantage.

I hope my answer helps you.

8 0

3 years ago

A capital budgeting method that takes into consideration the time value of money is the cash payback technique. return on stockh

Andrew [12]

Answer:

Internal rate of return method

Explanation:

Internal rate of return is the discount rate that equates the after-tax cash flows from an investment to the amount invested

Accounting rate of return = Average net income / Average book value

Average book value = (cost of equipment - salvage value) / 2

Payback calculates the amount of time it takes to recover the amount invested in a project from it cumulative cash.

3 0

3 years ago

In its fiscal 2018 annual report, Nike, Inc. reported cash of $4,000 million at the beginning of the year. The statement of cash

gulaghasi [49]

Answer:

Option C, $5,020 million is correct

Explanation:

The below is the statement of cash flow for Nike Inc 2018:

Net cash from operating activities $3,027

Net cash from investing activities ($1,067)

Net cash from financing activities ($940)

Net increase in cash and cash equivalent in 2018 $1,020

Beginning Cash and cash equivalent $4,000'

Balance in cash account at the end of fiscal year $5,020

The correct option then is C.$5,020 million.

Option A is wrong because it only takes into consideration net cash from operations,option B is also as it considered only the increase in cash in the year without the opening balance of cash,while option D and E are obviously irrelevant

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4 years ago

Which of the following is an example of a capital market security? a. Common stock b. Treasury bills c. Commercial paper d. A co

Oliga [24]

Answer:

a. Common stock

Explanation:

The capital markets are the financial market were the long term debt and equity-backed securities are brought and sold and can be put to the long term productive use as companies make long term investments. Includes the common stocks, government stocks and certificate of deposits

6 0

3 years ago