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Time is an opportunity cost when a manufacturer assigns workers to one task rather than to another?
Opportunity cost is the price paid for forgoing something or purchasing something else. A manufacturer can allocate a task lesser time compared to another activity for purpose of reaching a given goal.
How do you find profit maximizing level of output?
The best way to find the profit maximizing level of to calculate it using the profit maximizing formula. To calculate it you need to know margins and how long it takes you to do each task.
What causes a production possiblity curve to shift?
A PPC is based on the assumptions that technology used remains constant, and the quantity of resources remain constant also. So the things that cause shifts in the PPC itself are: * Technological change (i.e. A new invention makes production more efficient which increases output). * Specialisation - where individuals are placed into positions where they are best suited to the task or have knowledge of the task. It could even be firms specialising in what they do best and concentrating their resources on one particular good or service.
Which of these describes the principle of division of labor?
People are trained to do specific portions of a task in order to speed production of the total task. A+
What is a planned action?
A plan of action can range from simple to complex. The plan typically has individual steps to reach a particular goal; on simple plans, the steps may be so habitual, that we don't even think of them as steps anymore. For example:Simple Goal and Plan of ActionGoal: Go to the store to buy milkSteps:get up from my chairchange my clothes so I am presentablecomb my hairput on my shoesget my coatfind my car keysgrab my purse or wallet - do I have the money with mestep out the door; lock the doorunlock the car, get in, turn on the cardrive to storestop car, get out, lock cargo into storefind the milkpay for milk, return home using many of the same steps I used beforeA goal can be:pass HS classesApply to collegelook for a jobetc.The more complex the goal, the more individual "steps" you will need to take. "Steps" can be broken down--and should be broken down--into their smallest pieces to ensure success. "Apply to College" can feel overwhelming, but listing each small step makes the process feel manageable.A plan of action can work for any task or goal.
What is the measure of output for any given project task or activity?
Productivity
What dose accomplishment mean?
To achieve what one has set out to do. For example, a goal to run 5 miles is accomplished once you run 5 miles.
What does the word achievement mean?
An achievement is the accomplishment of a difficult task, the completion of a notable project, the attainment of a laudable goal. What you have done must be difficult and important to be a real achievement.
What is a Palindrome for the word accomplishment?
It's DEED which is a task that is completed or accomplished.
What is the meaning of the Greek word eregon?
Work, task, deed, accomplishment, or purpose
What does attain a desired goal mean?
It means: To achieve or accomplish a desired task/goal.
What are the advantages of using task culture?
Task culture promotes flexibility and adaptability within teams by focusing on completing specific tasks rather than rigid structures. It encourages collaboration, creativity, and innovation, allowing teams to respond effectively to changing circumstances. Additionally, task culture empowers team members to take ownership of projects and work together towards common goals.
How do you answer the question what do i like about working?
I enjoy the feeling of accomplishment associated with completing an assigned task in a timely manner.
What is technological competence?
Knowledge of, and skill in the exercise of, practices required for successful accomplishment of a business, job, or task.
Definition of technical competence?
Knowledge of, and skill in the exercise of, practices required for successful accomplishment of a business, job, or task.
What does Great is the art of beginning but greater is the art of ending mean?
It means the ability to begin something is an accomplishment, but to end sometihng takes even more skill and is a harder task, thus a bigger accomplishment.
What is task variable?
task variable refers to the task being done in an experiment.......eg-in recall and recognition measure experiment task variable is making lists
