BUSINESS HIGH SCHOOL

Bob is training for a triathlon, a timed race that combines swimming, biking, and running.Consider the following sentence: Bob has only 20 hours this week that she can devote to training. Each hour she spends swimming is an hour that she can't spend biking or running.Which basic principle of individual choice do these statements best illustrate?A. Bob can use time most efficiently by spending the same amounts of time on swimming, biking, and running.B. People face trade-offsC. People usually exploit opportunities to make themselves better off.D. Bob has an incentive to spend more time on swimming than on biking or running.

Answers

Answer 1
Answer:

As bob is training for the triathlon, he has 20 hours to the week and spends those in swimming and thus cant spend in biking and running. As far as the basics of bob is concerned with a trade-off.

  • That is opportunity that is need to be traded with another for the same amount f time. Hence the option B is correct, trade-offs

Learn more about the biking, and running. Consider the following.

]brainly.com/question/20713759.
Answer 2
Answer:

Answer:

B) People face trade-offs

Explanation:

A trade-off happens when you have to balance two (or three in this case) opposing situations. In economics all resources are scarce, and time is the only resource that everyone shares equally. Bob is facing opportunity costs, i.e. if he chooses to train one activity he cannot train the other.

Bob has to decide how to divide the time he can spend training. If he chooses running, he can´t swim or ride a bike. So he has to balance the time spent on each activity, probably depending on which sport he needs to train the most.

Related Questions

Credit cards should be used forA. anything you want. B. things you can't afford. C. budgeted expenses you need to pay over time. D. wants rather than needs
The person who receives financial protection from a life insurance plan is called a:A) Giver. B) Payer. C) Beneficiary. D) Insured.
The government has granted a patent to a pharmaceutical company for an experimental AIDS drug. That company is the only firm permitted to sell the drug.
An economy in which all the boys become farmers when they are adults, just as their fathers and grandfathers did, would be an example of aA. free market economy B. command economy C. traditional economy D. centrally planned economy
Professional standards are achieved through _____________.a. Habitual practiceSelected:b. Higher educationc. Focused trainingd. Genetic transfer

John developed a food additive that replaces processed sugars. He granted the right to use this additive to a major cereal manufacturer, and John now receives a $0.50 royalty for every box of cereal sold that contains this additive. What is this an example of?

Answers

Answer: Licensing

Explanation:

John's ingredient is his intellectual property. By giving the right regarding the usage of the ingredient to another business entity and by receiving a sales volume related royalty payment for each box sold, John is involved in a licensing agreement.

Two parties are involved in each licensing agreement: the licencor and the licencee. In this example, John is the licencor and the cereal manufacturer is the licencee.  Both of the parties sign the licensing agreement, which is active over a specified amount of time.

Licensing is not to be confused with franchising. It refers to a specific business model when the franchisee operates under the brand (logo and trademark) of the franchiser, but essentially keeps its independence branch-wise. Best examples are McDonald's and KFC.

The scale of a timeline is generally unimportant.

Answers

Answer:

false

Explanation:

I hope this helps anyone! :)

Star Inc., an engineering firm, has come up with a new technical test to assess the knowledge of interviewees. To assess the validity of the test, it requests that its present employees take the test and match it with their performance in the organization. Which of the following types of validation has Star Inc. used to test the validity of its new technical testA. Content validation
B. Face validation
C. Predictive validation
D. Logical validation
E. Concurrent validation

Answers

Answer:

E. Concurrent validation

Explanation:

  • The Concurrent validation process is a Concurrent  process where batch of complete validation package is release for marketing before accepting batch of data by an individual batch.
  • Concurrent validity also a type of evidence that is gather to protect for the use of test to predict other outcome.
  • It is a parameter use in sociology and psychology and psychometric or the behavioral science. Concurrent validity is demonstrate if  test correlates well with a previously validate measure.

The directors of Z Corp. have ignored the warnings and citations issued to the company by a government regulator for several years. Even though the company has eliminated director liability for violating the duty of care, the directors may be liable for breaching the:

Answers

Answer:

Duty of care and oversight

Explanation:

Though the liability due to carelessness is waived off but the directors are liable for duty of care and duty of oversight of companies issues and they must act in the best interest of shareholders. This carelessness will result in heavy fines which the shareholders will have to bear. So the director is liable for his misconduct.

Answer:

Duty of obedience

Explanation:

The fiduciary duties of the board of directors include the duty of care (which was eliminated by the company), but it also includes the duty of loyalty and obedience to the corporation.

The duty of obedience means that board members must make sure that the corporation follows all applicable laws and regulations. If they are ignoring warnings and citations, the corporation is obviously not following all the laws and regulations.

Group Leader” is an example of ____________.a. a social role
b. a power role
c. a task role
d. a leadership role

Answers

The answer is D. A leadership role

a leadership role is a role that is given to someone that make him/her become responsible to lead the other team members to achieved their goals, whether through instructions, teaching, or encouragement. Which is also a role of a group leader

Answer:

d.

a leadership role

Explanation:

Which of the following is not a part of monitoring control plans? a. Ensuring appropriate communications b. Assessment by management to determine whether control plans are continuing to function appropriately c. Putting controls in place to periodically follow up on the operation of control plans d. Monitoring, and observing the work of others

Answers

Answer:

d. Monitoring, and observing the work of others

Explanation:

  • A monitoring control plan is one where the controlling and the monitoring start as the project begins and the work process of the targeting and reviewing and regulating the process in order to meet the performance activities and it's the fourth process of the project management. This process oversees all the tracks and metrics that are needed for the authorized projects as to process with the minimum risks.
Other Questions
Regarding using personality testing as part of the hiring process, experts have concluded that: The typical personality test is not a valid predictor of job performance. Only the Big Five should be used as predictors of job performance. The effects of personality on job performance are so large it cannot be ignored by managers. There are many valid instruments available to managers to test for personality types.
A company's ________ tells you how much money the company has left over after subtracting all expenses.
Successful businesses are keenly focused on their?
What is the best example of a factor that indicates the success of a corporation?