If a production possibilities frontier is bowed out (i.e., concave) in appearance, production occurs under conditions of
a. constant opportunity costs.
b. increasing opportunity costs.
c. decreasing opportunity costs.
d. zero opportunity costs.
b. increasing opportunity costs.
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Deed Manufacturers, a heavy machinery company, has employees belonging to the age group of 17 to 30. Todd, a 17-year-old, is prohibited from working with heavy machinery tools. Instead, he works in the mail room. Under the laws governing Fair Labor Standards Act (FLSA), which statement justifies the organization's decision to forbid Todd from doing heavy machinery work?
A. Todd cannot be employed in hazardous occupations because he is 17 years old. B. Todd is not a U.S. citizen, therefore he is prohibited from working in a hazardous environment. C. Todd is expected to work in a safe environment because he is male. D. Todd comes from an economically weaker background, therefore he is expected to perform clerical duties. E. Todd has not yet completed college, therefore he should only be given administrative duties.
When a company replaces a component of property, plant and equipment, which statement below does not account for one of the steps to this process?
A) book value of the replaced component is written off to depreciation expense B) the asset cost of the replaced component is credited C) any cost to remove the old component is charged to expense D) the identifiable direct costs associated with the new component are capitalized
Discuss the difference between ‘transformational’ and ‘transactional’ leadership. Which style of leadership is best, and why?
What will be an ideal response?
Which of the following is true about a static simulation model?
a. A static simulation model represents the system at a given point in time. b. A static simulation model is different from Monte Carlo simulation model. c. A static simulation model is used for decision-making under certainty. d. All of the above