Answer:
The correct answer are the option B and C: Foreign competition would wipe out domestic production and producers are driven by the profit motive to work against competition.
Explanation:
First of all, the huge companies, and that includes the foreign competition, will always wipe out the small ones and that situation will definitely impact in the domestic economy of a country by leaving without work to the other enterprises and their employees, also by increasing prices and obligating to the customers to buy them due to their power in the industry and more. That is why, government regulation is obviously needed in the free-market system because if there is not, then the leader organization will do as they please with the market.
Secondly, the companies are lucrative organization and therefore that the most important thing that they care about is to make money by producing goods or giving services to the community that need it. That is why, if there is not government then the most powerful companies would try to eliminate the small ones by taking all their consumers away.
Munsterberg suggest that psychologists could contribute to industry in the ways as listed below:
- Identifying people suitable for a specific job
- Identifying the psychological conditions that will bring out the best from a worker
- identifying optimum management strategies that will unite the employees to the organization's goal
<h3>Who is a psychologist?</h3>
A psychologist refers to an expert in psychology where psychology studies the mental health. This discipline deals greatly in how human behaves and the reason for such behavior.
Psychologists play a greater impact in making people act in a certain way since they can guess intelligently on the expected behavior of an individual under a given circumstance. This abilities of psychologists enabled Munsterberg to make the suggestions listed
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The HR consultation is the branch of Hr competence which refers to the ways hr employees guide others in the organization.
<h3>What is an
HR consultation?</h3>
This refers to the practice of delivering all aspects of human resource management as an external provider including client development, contracts and client management.
Therefore, the HR consultation is the branch of Hr competence which refers to the ways hr employees guide others in the organization.
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Answer:
$77,200
Explanation:
Conversion cost is calculated as;
= Direct labor cost + Manufacturing overhead.
Given that;
Direct labor cost = $40,500
Manufacturing overhead = $36,700
Conversion cost = $40,500 + $36,700
= $77,200
Answer:
$10.5 trillion
Explanation:
Given that,
GDP = $15 trillion
Consumption = $8 trillion
Gross investment = $2.5 trillion
Government expenditures = $3.5 trillion
Net exports = $1 trillion
Personal income = $12 trillion
Personal taxes = $1.5 trillion
Therefore, the personal disposable income is calculated as follows:
= Personal income - Personal taxes
= $12 trillion - $1.5 trillion
= $10.5 trillion
