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1 year ago

Which of the following most correctly demonstrates the opportunity cost of

1 answer:

3 0

The opportunity cost of choosing to live in a rural area instead of an urban area is the accessibility to greater choices which is in terms of entertainment, food, and shopping. Thus, statement B is correct.

<h3>What do you mean by opportunity cost?</h3>

In microeconomic theory, the opportunity cost of a particular activity alternative is the loss of price or advantage that could be incurred through engaging in that activity, relative to engaging in an alternative activity providing a better return in value or advantage.

The opportunity cost of choosing to live in a rural area instead of an urban area is the accessibility to greater choices in terms of entertainment, food, and shopping. Thus, statement B is correct.

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In which of the following teams is leadership of most importance to coordinate the efforts of various teams in order to produce

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Answer: problem-solving teams

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Based on what you have read, if Jasmine works at the supermarket, what is her opportunity cost? working at a new job earning ext

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"Devon takes temporary family leave from her job at equipment rentals and sales company to care for a newborn baby. With respect

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2 years ago

Which of the following statements would need to be documented in a report? a. Damaging winds, common in strong tornadoes, caused

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2 years ago

To determine whether their employees are doing their jobs efficiently and effectively, managers use:_______

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In order to find out if employees are doing their job as they should in an efficient and effective manner, managers use performance management.

<h3>What is performance management?</h3>

This refers to anything that employers do in order to find out how employees are doing as regards helping the company to meet its organizational goals.

These methods go beyond trying to find out how employees are doing as regards work, but also tries to suggest ways that the employees can get better at what they do.

In order to do this, the employees need to be monitored and the process they use to go about their jobs need to be studied. They are then juxtaposed with industry best practicies to make them better.

Performance management is therefore hugely important in companies as it ensures that they meet organization objectives.

In conclusion, this is performance management,

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1 year ago