Answer: Option B
Explanation: In simple words, specialization refers to being focused and expert in performing a specific activity. An individual or firm having specialization in their business operations could produce more of their goods or services in the limited resources.
The specialization in one department or activity benefits the whole organisation. For example - If the marketing department have specialization in their activities then the production department and sales department both will more more efficiently due to higher work load.
Hence from the above we can conclude that the correct option is B.
Specialization is a process where entities focus their production efforts on a narrow range of goods or services. It can lead to increased productivity but doesn't support greater self-sufficiency, as it often makes entities more dependent on others. Also, it doesn't allow individuals to develop a broad range of skills but rather enhances their capacities in a specific field.
Specialization refers to the process where individuals, businesses, or countries focus on producing a limited scope of goods or services to gain greater efficiency and productivity. Looking at the provided choices:
#SPJ6
Answer:
FV= $1,254.4
Explanation:
Giving the following information:
Initial investment= $1,000
Number fo years= 2
i= 12% compunded annually
To calculate the future value, we need to use the following formula:
FV= PV*(1+i)^n
PV= present value
FV= 1,000*(1.12^2)
FV= $1,254.4
Answer:
The correct answer is D. competing in a prisoner's dilemma.
Explanation:
The prisoner's dilemma is a fundamental problem in game theory that shows that two people may not cooperate even if it goes against the interest of both.
In the iterated prisoner's dilemma, cooperation can be obtained as a result of balance. Here it is played repeatedly, so when the game is repeated, each player is offered the opportunity to punish the other player for non-cooperation in previous games. Thus, the incentive to defraud can be overcome by the threat of punishment, which leads to a cooperative outcome.
Answer: B.) Bar
Explanation: When trying to compare batting average of all players on the leagues baseball team, the batting average of the players in each team is measured and the data grouped by team. When measuring changes, differences or comparison, the bar chart and line chart seems to be the best for such purposes. However, depending on whether the changes in measured data is large or small, the bar chart seems best suited in cases where large differences exists, while line graphs are better when small differences exist between measure data.
Answer:
B.) Bar
Explanation:
Answer:
- Example 1: A basketball court
- Example 2: A swimming pool
2. Determine the opportunity cost of each alternative:
- To determine the opportunity cost of building a basketball court, you would need to consider the benefits and drawbacks of choosing the skateboarding park instead. For instance, you could consider the number of teenagers who enjoy skateboarding versus those who prefer basketball, the potential health and fitness benefits of each activity, and the availability of existing basketball courts in the area.
- To determine the opportunity cost of building a swimming pool, you would need to compare it to the benefits of the skateboarding park. Factors to consider could include the popularity of swimming among teenagers, the availability of other swimming facilities nearby, the cost of building and maintaining a pool compared to a skateboarding park, and the potential for revenue generation through events or memberships at the swimming pool.
Explanation:
Answer: Ranking appraisal method
Explanation:
The firm where Gillian work appraises employees using the ranking appraisal method.
Ranking appraisal method: This is a traditional appraisal method in which employees are compared with each other for the purpose of determining their worth. It is the oldest and simplest form of appraisal.
Employees are ranked based on their performance, that is, from the highest to the lowest performing employee or from the lowest to the highest performing employee. The ranking in the form of first position to the last position. Every employee strives to come first and be ahead of each other.
This type of appraisal encourages employees to compete healthily with each other so as to have a better ranking score. Employees become more productive and it increases the business output.
However, it is difficult to appraise employees using the ranking method when there are a large number of employees involved with different behavioural traits.
Answer:
The correct answer is: intervention.
Explanation:
The organization development process involves spotting improvement areas of a company so new and existing strategies can be implemented to solve those issues. The organization development process involves five (8) stages: entry signals, purpose, assessment, action plan, intervention, evaluation, adoption, and separation.
In the intervention stage, after the action plan has been outlined, managers implement the series of steps that lead to solving the problematic situation once it has been identified and if new minor issues arise, they are in charge of adjusting the strategy not to affect or delay the plan implementation process.