Basically, a risk in economic freedom is having to face and accept the concequenses of their decisions. For example, if an entrepreneur starts a business that fails, the government usually won't help out.
microeconomics
following are examples of typical economic decisions made by the managers of a firm. determine whether is an example of what, how, and when?
It has imposed minimum wage laws.
An opportunity cost is the value of the next best alternative that is forgone when a decision is made. For example, if you have 20 and you choose to spend it on a movie ticket, the opportunity cost is the value of what you could have purchased with that 20 instead, such as a meal or a book. This concept helps individuals and businesses make informed decisions by considering the trade-offs involved in their choices.
There are a number of different decisions in which you could have recently been involved in. You could have given up the idea for the project for example.
What is the importance of pretesting questions and instruments? What are risks of not doing this? Provide an example.
Principles of leadership include knowing yourself and seeking self-improvement. Other principles are setting an example as a good role model, seeking responsibility, and making sound decisions.
Basically, a risk in economic freedom is having to face and accept the concequenses of their decisions. For example, if an entrepreneur starts a business that fails, the government usually won't help out.
Programmed decisions are routine. An example is if customers call to complain about a product and service, then calls are routed to a supervisor/manager. Non-programmed decisions are situational and not-routine. For example, if a consumer has an negative reaction to a product or service, a company would not reply routinely but research the issue before responding.
helping you make timeless decisions
microeconomics
following are examples of typical economic decisions made by the managers of a firm. determine whether is an example of what, how, and when?
participate
The reason governmental decisions are important for all of us is because those decisions impact all of us. For example, governments create laws that citizens have to follow.
figure it out yourself
figure it out by yourself.