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What are the benefits of leaving the allocation of country resources to the price mechanism?
Ans) The main conditions needed are:
1. Either a finite number of agents or goods.
2. No externalities - That is, the consumption of one person should not harm or advantage anyone else.
3. No matter how much a one is consuming, they must be capable to be made slightly happier by consuming a bit more of something.
Question : a) The information requirements of an organisation can be categorised as follows: • Information for planning; • Information for controlling; • Information f
Question: "Presenters, especially scientists, seem to have jumped onto the "PowerPoint" bandwagon, and are using visual aids throughout their presentation - from the title slid
Behavior modelling: 1. Jack Santoni works on the field production crew at Gusher Drilling Company. When he joined the company five years ago, the supervisor who hired him said
INFORMATION SYSTEM FOR BUSINESS OPERATION.
various function of management that constitute process of management
Business opening hours a) Opportunity cost refers to the cost of the next best alternative that is foregone in a decision. In this case, it refers to the loss income by not op
Indicate how each of the listed variables(GDP, consumption and interest rates change in each of the following separate events. Briefly explain. a. The recent strengthening of t
QUESTION Every big, medium or even small company networks should pay the highest attention to the development of their company networks (intranets and extranets connected to th
JIT is a management philosophy that eliminates of manufacturing waste by production the right part in the right place at the right time. Waste results from any activity tha
discuss the managerial skills needed at the different levels of management
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