Individuals, corporations, and economies specialize because the opportunity cost of producing goods and services differs from country to country, business to business, and individual to individual.
Persons, Corporations, and Economies are bound to specialize in the production of goods and or services in which they hold a stronger comparative advantage than their competition.
<h3>What is comparative advantage?</h3>
This is defined as the ability of an individual, corporate entity, or national to perform an economic activity more efficiently or at a lower (opportunity cost) than the other.
Examples of economic activities are:
- Resource management
- production of services and goods
- distribution of services and goods
- consumption of services and goods
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Answer:
$1,213,657.685
Explanation:
For computation of compounded future value first we need to find out the present worth which is shown below:-
= $88,172.32636
Now, Future value = Present worth × (1 + interest rate)^number of years
= $88,172.32636 × (1 + 6%)^45
= $1,213,657.685
Therefore we have applied the above formula to determine the future value.
The answer is <span>ROI
If the manager is evaluated based on Return on Investment, that manager will be very likely to reject every projeccts which return is below a certain departement standard no matter if that project is profitable for the company in the fear of being replaced by those who show better numbers.</span>
There are three measures of tendency mainly the mean, median and mode. The most appropriate central tendency to be used is the median as it is not so much affected by outliers and skewed data whereas the mean is much affected to. Also, the median is not much affected by frequent data scores in a given set whereas data multiple frequent data scores are affected by the mode.
Answer:
Production deviance
Explanation:
Deviance is the word which is defined as any kind of behavior which violates the cultural norms or the rules.
Production deviance is the term which is described as the behavior which violates the formally prescribed norms or the rules of the business or the organization, in respect to the minimal quality and the quantity of the work to achieve as part of a single job.
So, the production deviance is the one which is made up of the behaviors which focus on decreasing the efficiency of the work output.
