What is the difference between an absolute advantage and a comparative advantage?
What will be an ideal response?
An absolute advantage is the ability to produce a specific product more efficiently than any other nation. A comparative advantage is the ability to produce a specific product more efficiently than any other product. Every country has a comparative advantage in some product.
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Answer the following statements true (T) or false (F)
1. Communication is the transfer of information and understanding from one person to another. 2. You are an efficient communicator when your intended message is accurately understood by the other person. 3. Encoding is defined as an attempt to disguise a message so that only the desired recipient can interpret it. 4. Bret had many spelling and grammar mistakes in his report, some of which made the content difficult to understand. This is an example of poor decoding.
Describe the relation between financial statement analysis and investment decisions
Does empowerment eliminate or accentuate power practices in organizations?
What will be an ideal response?
Ngu owns equipment that cost $94,100 with accumulated depreciation of $64,400. Ngu asks $35,150 for the equipment but sells the equipment for $33,100. Compute the amount of gain or loss on the sale.
A. $5450 loss. B. $3400 loss. C. $3400 gain. D. $5450 gain. E. $2050 gain.