Answer:
finite and take millions of years to replenish
Explanation:
Oil reserves can be regarded as a the amount of crude oil which can be recovered technically at a cost which is feasible financially as regards present price of oil. Therefore, there will always be change in reserve with the price, compare with oil resources, that encompass all oil which can be technically recovered at any price.
Oil reserves can also be explained as estimate amount of crude oil that is been located in a particular economic region. oil reserves always posses potential of being extracted through current technological constraints. Calculations of Reserves based on a proven/probable basis, which means that oil pools which is situated in unattainable depths, cannot be said to be part of a nation's reserves. It should be noted that Oil reserves buried deep underground are finite and take millions of years to replenish
Andretti Company has a single product called a Dak. The company normally produces and sells 84.000 Daks each year a price of $58 per unit. The company's unit costs at this level of activity are given below Direct materials $8.50 Direes labor 10.00 2.30 Variable manufacturing overhead Fland manufacturing overhead Variable selling expenses Find selling expenses 7.00 15500,000 2.70 3.90 (5253,000 total) Tutal cost per unit A number of questions relating to the production and sale of Daks follow. Each question is independent Required: 1-a. Assume that Andretti Company has sufficient capacity to produce 105.000 Daks each year without any increase in fixed manufacturing overhead costs. The company could increase its unit sales by 25% above the present 84.000 units each year if it were willing to increase the fixed selling expenses by $140,000. What is the financial advantage (disadvantage) of investing an additional $140,000 in fixed selling expenses? 1-b. Would the additional investment be justified? 2. Assume again that Andretti Company has sufficient capacity to produce 105.000 Daks each year. A customer in a foreign market wants to purchase 21,000 Daks. If Andretti accepts this order it would have to pay import duties on the Daks of $4.70 per unit and an additional $10.500 for permits and licenses. The only selling costs that would be associated with the order would be $2.30 per unit shipping cost. What is the break-even price per unit on this order? 3. The company has 500 Daks on hand that have some irregularities and are therefore considered to be seconds. Due to the irregularities, it will be impossible to sell these units at the normal price through regular distribution channels. What is the unit cost figure that is relevant for setting a minimum selling price? 4. Due to a strike in its supplier's plant, Andretti Company is unable to purchase more material for the production of Daks. The strike is expected to last for two months. Andretti Company has enough material on hand to operate at 25% of normal levels for the two-month period. As an alternative, Andretti could close its plant down entirely for the two months If the plant were closed, fixed manufacturing overhead costs would continue at 30% of their normal level during the to-month period and the fixed selling expenses would be reduced by 20% during the two-month period. a How much total contribution margin will Andretti forgo if it closes the plant for two months? b. How much total feed cost will the company avoid if it closes the plant for two months? c. What is the financial advantage (disadvantage) of closing the plant for the two-month period? d. Should Andretti close the plant for two months? Check my work period. AS overhead costs would continue at 30% of reduced by 20% during the two-month period. a. How much total contribution margin will Andretti forgo if it closes the plant for two months? b. How much total fixed cost will the company avoid if it closes the plant for two months? c. What is the financial advantage (disadvantage) of closing the plant for the two-month period? d. Should Andretti close the plant for two months? 5. An outside manufacturer has offered to produce 84,000 Daks and ship them directly to Andretti's customers. If Andretti Company accepts this offer, the facilities that it uses to produce Daks would be idle, however, fixed manufacturing overhead costs would be reduced by 30%. Because the outside manufacturer would pay for all shipping costs, the variable selling expenses would be only two- thirds of their present amount. What is Andretti's avoidable cost per unit that it should compare to the price quoted by the outside manufacturer? Complete this question by entering your answers in the tabs below. Reg 1A Reg 18 Reg 2 Req 3 Reg 44 to 40 Req 40 Req S Assume that Andretti Company has sufficient capacity to produce 105,000 Daks each year without any increase in fixed manufacturing overhead costs. The company could increase its unit sales by 25% above the present 84,000 units each year if it were willing to increase the fixed selling expenses by $140,000. What is the financial advantage (disadvantage) of investing an additional $140,000 in fixed selling expenses? Show less A advantage Req 18 >
Andretti Company would have a financial advantage of $140,000 by investing in additional fixed selling expenses.
Investing an additional $140,000 in fixed selling expenses would result in a financial advantage for Andretti Company. By increasing its unit sales by 25% and maintaining sufficient capacity to produce 105,000 Daks without any increase in fixed manufacturing overhead costs, the company can generate higher revenue. The additional investment in fixed selling expenses allows for increased marketing efforts, expanded distribution channels, and improved customer outreach, ultimately leading to higher sales volume. This increase in unit sales translates into greater overall profitability and a positive financial impact for the company.
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please help
Why is engaging communication a two-way process?
Answer:
Two-way communication allows both participants to exchange ideas, they can develop a sense of mutual understanding. The result is a better relationship between them. Increase effectiveness
Effective communication depends on the proper understanding of the message by the sender and receiver.
Explanation:
Hope you can helpThe federal funds rate is typically ________ the primary credit lending rate. a. greater than b. equal to c. less than d. None of these choices are correct.
The federal funds rate is typically equal the primary credit lending rate.
What is federal funds rate?Federal funds rate are rate given by the government over credits or loans.
The rate is which commercial banks borrow and lend money and it is often lower than private Organization.
Therefore, the federal funds rate is typically equal than the primary credit lending rate.
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A product’s value depends both on its utility and its scarcity.
True or false
Answer:
true
Explanation:
Why would a health insurance company charge a higher premium to a tobacco user?
Tobacco use is a voluntary behavior.
Without higher premium prices for tobacco users, nonusers end up paying for users' claims.
Tobacco use causes significant health issues.
Using tobacco products is very expensive.
Tobacco users are at a higher risk of failing to pay their premiums on time.
Answer:
Tobacco use causes significant health issues.
Explanation:
When insurance coverage commences, the insurance company assumes all the risks associated with the insurance policy issued. For medical insurance, the insurance company will cater to the insured medical bills should the need arise. For this reason, insurance firms evaluate different risk parameters when deciding on the premiums to charge for insurance coverage.
Tobacco is known to cause health issues in smokers. Tobacco smokers are more likely to develop health complications at some point in their life. They present a higher risk for insurance companies. Insurance companies will charge them higher premiums to cover the increased risk caused by smoking tobacco.
Answer:
a, b, c
Explanation:
Why did the United States interfere in Iran in the 1950s? What was the result of their interference?
Answer:
Because Iran has oil and sells it to U.S. Iran minister doesn't want to do business with U.S. anymore.
Explanation:
The results were the U.S. would sponsor in Iran to replace existing gov't to be more western friendly.
What are the three major types of equity accounts?
The three major types of equity accounts are investments, _________
and retained earnings.
The three major types of equity accounts are:
Common Stock: Common stock is a type of equity that represents ownership in a company. When a company issues common stock, it is essentially selling ownership shares in the company to investors. Common stockholders have voting rights and may receive dividends, which are a portion of the company's profits distributed to shareholders.
Retained Earnings: Retained earnings are the portion of a company's profits that are not distributed to shareholders as dividends but are instead retained by the company for reinvestment in the business. Retained earnings are reported as a component of shareholders' equity on the balance sheet.
Preferred Stock: Preferred stock is a type of equity that gives shareholders preferential treatment over common stockholders. Preferred stockholders typically receive a fixed dividend, which is paid out before common stock dividends, and they may have other rights such as priority in the event of liquidation. Preferred stock is often seen as a hybrid security because it has features of both equity and debt.
Note that the classification and naming of equity accounts may vary depending on the accounting standards used and the nature of the business.
Mary used Delicious (d) and Golden Delicious (g) apples to make homemade applesauce. Delicious apples are $0. 75 each and Golden Delicious apples are $1. 25 each. Mary spent $21. 00 on 22 apples. How many Golden Delicious apples did Mary buy?.
The number of Golden Delicious apple bought by Mary is 9.
Algebraic expressions are the combination of terms related together by arithmetic operations like addition, subtraction, and division.
The number of Golden Delicious apples are computed as follows:Given:
Price of Delicious Apples = $ 0.75
Price of Golden Delicious Apples = $ 1.25
Total Number of Apples = 22
Total Price of Apples = $ 21.00
How can we write the Algebraic Equation for the given data?In the equation, x is for Delicious apples and y is for Golden delicious apples.
\(\begin {aligned}21 &= 0.75 x + 1.25 y .....(1)\\22 &= x + y .....(2)\\\\\end{aligned}\)
\(\begin {aligned}\rm Putting\; the \;value\; of\; y\; in\; Equation\;(1):\\21 &= 0.75 x + 1.25 (22 - x)\\21 &= 0.75 x + 27.5 - 1.25 x\\-6.5 &= -0.5 x\\x &= 13\\\\\end{aligned}\)
\(\begin {aligned}\rm Putting\; the \;value\; of\; x\; in\; Equation\;(2):\\y &=22 - x \\y &= 22 -13\\y&= 9\end{aligned}\)
Thus, Mary bought 9 Golden Apples and 13 Delicious Apples.
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You have to analyse the social tension in Australia during the last two years, related to the way the COVID pandemic was handled by the Australian government. Government actions substantially affected habitual way of life of a typical Australian citizen and led to mass protests throughout the country.
the COVID-19 pandemic has had a significant impact on social tension in Australia over the last two years. The government's response to the pandemic has been a source of controversy, with some citizens believing that the measures were overly strict and damaging to the economy and people's lives.
The COVID-19 pandemic has had a significant impact on the entire world, and Australia is no exception. During the last two years, the Australian government's management of the COVID-19 pandemic has been a source of social tension. Government actions significantly impacted the typical Australian citizen's habitual way of life and led to mass protests throughout the country.
The Australian government has taken a number of actions in response to the pandemic, including lockdowns, travel restrictions, and mandatory vaccinations. These measures have sparked considerable controversy and led to social tension. Some citizens believe that the government's response was inadequate and that the lockdowns and restrictions were overly strict and damaging to the economy and people's lives.
Others believe that the government's response was necessary to save lives and prevent the spread of the virus. The debate between these two groups has led to a great deal of social tension in Australia over the past two years.
One significant issue that has arisen in response to the government's COVID-19 measures is the loss of personal freedoms. The lockdowns and restrictions have resulted in significant limitations on people's ability to go about their daily lives and engage in social activities. These limitations have led to a great deal of frustration and resentment among some citizens, who believe that the government has overstepped its bounds.
Furthermore, the COVID-19 pandemic has exacerbated existing social and economic inequalities. The lockdowns and restrictions have had a disproportionate impact on certain groups, such as low-income earners and those in precarious work. This has led to mass protests and demonstrations in some parts of the country.
In conclusion, the COVID-19 pandemic has had a significant impact on social tension in Australia over the last two years. The government's response to the pandemic has been a source of controversy, with some citizens believing that the measures were overly strict and damaging to the economy and people's lives. The loss of personal freedoms and the exacerbation of existing social and economic inequalities have contributed to the social tension that exists in Australia today.
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A simple machine has efficiency 90%.What does it mean?No machine has 100%efficiency,Why?
Answer with explanation:
1) it means tht the machine can do it's work in a 90% in a good way
2) no machine is free from the effects of gravity, and even with wonderful lubrication the energy a machine produces is always less than the work put into it that's why 100% efficency isnt possible in machines.
Best of luck!!!
At December 31, Hawke Company reports the following results for its calendar year. Cash sales $ 1,738,010 Credit sales $ 3,634,000 In addition, its unadjusted trial balance includes the following items. Accounts receivable $ 1,101,102 debit Allowance for doubtful accounts $ 19,860 debit Required: 1. Prepare the adjusting entry to record bad debts under each separate assumption. Bad debts are estimated to be 4% of credit sales. Bad debts are estimated to be 3% of total sales. An aging analysis estimates that 7% of year-end accounts receivable are uncollectible
The adjusting entries that need to be made to record bad debts are as follows:
Bad debts are estimated to be 4% of credit sales
Bad Debts Expense = $3,634,000 * 4%
= $145,360
Allowance for Doubtful Accounts = $145,360
Bad debts are estimated to be 3% of total sales
Bad Debts Expense = ($3,634,000 + $1,738,010) * 3%
= $138,366
Allowance for Doubtful Accounts = $138,366
Aging analysis estimates that 7% of year-end accounts receivable are uncollectible
Bad Debts Expense = $1,101,102 * 7%
= $77,077
Allowance for Doubtful Accounts = $77,077
The adjusting entries can be summarized as follows:
Bad Debts Expense Allowance for Doubtful Accounts4% of credit sales $145,360 $145,3603% of total sales $138,366 $138,366
Aging analysis $77,077 $77,077
Hence, these are the adjusting entries required to record bad debts.
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if you are given an amount to start your business, what items will you considered and why?
If I were given an amount to start my business, there are several crucial items I would consider investing in. Here are the key items Market Research and Analysis, Product/Service Development, Marketing and Advertising, Infrastructure and Equipment, Human Resources, Legal and Regulatory Compliance, Contingency Fund.
Market Research and Analysis: Allocating funds for thorough market research and analysis is essential. It helps identify target customers, understand competition, and determine market trends, ensuring informed decision-making and a solid business strategy.
Product/Service Development: Investing in product or service development is crucial to create a high-quality offering that meets customer needs. This includes research and development, prototyping, and testing to refine the product/service before launch.
Marketing and Advertising: A portion of the funds should be dedicated to marketing and advertising efforts. This may include digital marketing campaigns, social media advertising, search engine optimization, and other promotional activities to create brand awareness and attract customers.
Infrastructure and Equipment: Setting up a reliable infrastructure and acquiring necessary equipment are vital. This includes office space, technology infrastructure, manufacturing equipment, or software tools that facilitate efficient operations.
Human Resources: Hiring the right talent is critical for the success of any business. Allocating funds for recruitment, training, and salaries is important to build a skilled team that can execute the business plan effectively.
Legal and Regulatory Compliance: Ensuring compliance with legal and regulatory requirements is crucial. Allocating funds for legal services and licenses/permits will help navigate legal complexities and avoid potential issues in the future.
Contingency Fund: It's prudent to allocate a portion of the funds for unexpected expenses or emergencies. Having a contingency fund provides financial security and allows the business to navigate unforeseen circumstances without compromising operations.
By investing in these areas, I can lay a strong foundation for my business, ensuring a well-researched strategy, quality product/service, effective marketing, efficient operations, compliance with regulations, and the ability to handle unforeseen challenges.
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Consider the businesses that began in the founders garages? What were the benefits of starting in there garage for these companies ? Would you ever consider starting your business in your garage why or why not
Some of the benefits of starting their companies in their garage to the businesses were:
Low costs of operations Allows for work at odd hours Comfortable and familiar environmentFor the benefits above given, I would consider starting my business in my garage.
What are the benefits of starting a business in a garage?When you have your business in your own garage, you won't have to pay for things like rent and utilities for the business alone which would save you from costs of operating.
You can also work at the garage in odd hours like the early mornings and late nights without worrying about safety or being too far from home.
Also, you can dress as comfortably as you like because you'll still be home. This will help with creativity.
These are good reasons why I would start my business from my garage.
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In 2010, us nominal gdp was estimated to be $14.657 trillion dollars while the real gdp was estimated to be $13.245 trillion. why the difference? what is the significance of the difference between these two measures of gdp? do you expect nominal gdp to be higher than real gdp for most years? explain.
Answer:
Nominal gross domestic product (GDP) measures the market value of all the new and legal goods and services produced in a country within a year. While real GDP adjusts nominal GDP to inflation. Since inflation is generally positive, real GDP decreases as inflation increases. The higher the inflation rate, the larger the difference between nominal and real GDP. Depending on which year is used as base year (year 0), the difference that existed in 2010 can be either significant or not.
The difference = ($14,657 / $13,245) - 1 = 10.66%, which means that nominal GDP was 10.66% higher than real GDP. If the base year is 2000 or even 2005/6, the difference is very small since the accumulated inflation would only be 10.66% for all these years. But if the base year was 2008 or even 2009, then the inflation rate is high.
What should you do before a job shadowing experience?
O Choose a casual outfit to wear.
O Contact a friend to see if they will go with you.
O Reach out to the employees and ask questions.
O Research the organization where you will be shadowing.
Please help ASAP
Answer:
Research the organization where you will be shadowing.
You estimate that your new business's revenue will grow at a compounded rate of 30% each month for the first 6 months. If your third month's revenue is estimated at $5,000, what is your second month's revenue? (Round to the nearest dollar.)
Answer:
The second month's revenue is $3846.15
Explanation:
The interest rate at which the revenue grow = 30%
Total months or time periods = 6 months
The revenue of third month’s = $5000
Now we have to find the revenue for the second month.
Let the revenue of second month = x
Now, use the below equation to find the second month’s revenue
x + 30% of x = 5000
x + 0.3x = 5000
1.3x = 5000
x = 3846.15
Thus, the second month's revenue is $3846.15
The second month's revenue is $3846.15
The calculation is as follows:
Let us assume the revenue of second month = x
x + 30% of x = 5000
x + 0.3x = 5000
1.3x = 5000
x = 3846.15
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if the actual inflation rate is lower than expected, then expectations will be adjusted to match the actual rate, and this will cause the short-run phillips curve to ______.
If the actual inflation rate is lower than expected, expectations will be adjusted to match the actual rate, and this will cause the short-run Phillips curve to shift downward or to the left.
The Phillips curve is a graphical representation that illustrates the relationship between inflation and unemployment. In the short run, it suggests an inverse relationship between the two variables. Expectations about future inflation play a crucial role in shaping the position of the Phillips curve.
When the actual inflation rate turns out to be lower than expected, it signals a deviation from anticipated price increases. In response to this discrepancy, individuals and firms adjust their expectations to align with the actual rate of inflation. This adjustment in expectations leads to a downward shift or leftward movement of the short-run Phillips curve.
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a recent recession has reduced the number of visitors to a local theme park. the park has had to lay off many of its employees, including maria.
Recession is a period of temporary economic decline during which trade and industrial activities are reduced or stopped, generally identified by a decrease in GDP in two or more consecutive quarters. It has several impacts on various sectors of the economy.
One of which is tourism. A recent recession has reduced the number of visitors to a local theme park, leading to reduced revenue, profits, and, in some cases, the closure of the business. The park has had to lay off many of its employees, including Maria.
When a recession occurs, it has several direct impacts on the tourism industry. Individuals are less likely to travel, and those who do are more likely to stay closer to home, which reduces the number of visitors to local theme parks. When fewer visitors come, the park's income and profits decrease, leading to layoffs of many employees, including Maria. These layoffs are due to the business's inability to keep its operations going due to decreased revenues. Additionally, during a recession, people's disposable income decreases, making it difficult to justify going to an amusement park, which is considered a luxury item.The decrease in the number of visitors to the local theme park as a result of the recession is an example of the cyclical nature of the economy. A recession typically results in reduced spending and loss of jobs, which are some of the most visible indicators of economic slowdown. As the economy improves, tourism and travel will likely increase, allowing the park to rehire employees and increase operations.
In conclusion, the recent recession has significantly reduced the number of visitors to a local theme park, leading to a decrease in revenues, profits, and many employee layoffs, including Maria. The decrease in the number of visitors to the park is due to reduced spending as people have less disposable income during a recession. However, as the economy improves, tourism and travel are likely to increase, which will allow the park to rehire employees and increase its operations.
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2 1.6.2 Test (CST): Goals and Career Planning
Question 20 of 25
Kris is very interested in travel. Which of these careers is most likely the best
fit for her?
A. High school teacher
B. Machinist
O C. Loan officer
D. International correspondent
answer: international correspondent
Kris is very interested in travel. International correspondent of these careers is most likely the best fit for her. The correct option is D.
What is a correspondent journalist?A journalist works for a newspaper or broadcast media outlet and writes news articles. synonyms include pressperson, newswriter, newspaperman, and newspaperwoman. a correspondent from a faraway country. a journalist who contributes articles and analyses for publication or broadcast from a different country.
International correspondents are journalists who report news from different parts of the world. They travel extensively to cover stories and events in various countries, and their job involves researching, investigating, and writing about global issues. This career would be a good fit for someone who is interested in travel and has a passion for journalism and reporting.
Thus, the ideal selection is option D.
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The amount of money received through wages, rents, investments, pensions, and subsidies is called
a.wealth.
b.discretionary income.
c.prosperity.
d.credit.
e.income.
Option e: Income is the total sum of money received in the form of wages, rents, investments, pensions, and subsidies.
Income, usually expressed in monetary terms, is the spending and savings opportunities acquired by a business over a period of time. Conceptually, income is difficult to define and may be defined differently in different areas. For example, a person's income may differ from income in the legal and economic sense.
Haig Simmons' income, which defines income as consumption + change in net worth, is widely used in economics and is a very important definition of income.
Income, as defined by tax law, is the aggregate sum of all wages, salaries, income, interest, rent, or other forms of income received by a family or individual in the United States in a calendar year. Gross income less taxes and other deductions (such as required pension payments) is a common definition of discretionary income and is often used as a measure of a taxpayer's benefits.
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A manager acting in the role of a resource allocator will Group of answer choices decide how resources will be distributed among various individuals and groups within the organization. identify the various suppliers the organization will utilize to acquire resources. choose the best resources to most effectively and efficiently produce the organization's product or service. verify the quality of resources that pass through the organization. determine how organizational resources will be released in the environment.
The best way to decide the allocation of resources is to ensure that it identifies the best resources required for it to produce quality products and services. The answer, thus, is C.
What is the Allocation of resources?Allocation of resources has been defined as the distribution or apportionment of a company's productive assets across various uses.
This is important because, usually, the uses are many but the resources are limited.
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what is the impact of atm on banking sector?
Answer:
Explanation:
ATM s are of great use to the banks as the reduce the number of people storming the banks for withdrawal of money as well as deposit of money it reduces cost of operation and from customer point of view it is available easily near by hence travelling further distance to the bank is not required
ATMs are one of the most convenient services provided by the banks to customers. It is beneficial to banks as it is to its customers. It helps banks to save cost and time in withdrawing money and various other services which are now provided by ATM.
Automated teller machines, or ATMs as they are more commonly referred to, are a convenient way to conduct one-on-one transactions quickly and easily. One can do self-serviced transactions with these machines without a physical teller's aid or a trip to the bank branch. Cash withdrawals, cash deposits, and fund transfers are just a few of the many transactions possible with automated teller machines, or ATMs. Although the majority of customers only use ATMs to withdraw cash, these additional transactions make the service more effective.
With the advent of the ATM, users' financial lives became simpler because they could now perform simple transactions on their own with the aid of an ATM, which was much more practical than often visiting the bank. The ability for users to transact between banks is another significant advantage of an ATM. This means you can still use basic services like cash withdrawals from the ATM even if you don't have an account with the bank that runs the machine. Again, this saves you time and comes in handy in an emergency because you won't need to go to the ATM at your bank every time you need a quick infusion of cash. ATM helps banks operate more cheaply by lowering the number of human operations. The ATM provides service 24 hours a day which means customers can avail of money and other services at any time of the day.
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The Free enterprise system is:
A: Supply & Demand
B: Designed to protect consumers' best interests
C. Requires both sides of the story
D. Free of competition
Answer:
Free enterprise is the freedom of individuals and businesses to regulation. It enables individuals and businesses to create, produce, are able and willing, enterprising people produce goods and services for produce and sell goods and services. In this system, no one forces people they believe to be best for them.
What can a boosted post help an advertiser achieve?
A boosted post helps an adviser to connect with the audience and gain trust.
Boosted post is a kind of post that is used on social media platforms in order to enhance the page of the platform and to attract audience to the page. Boosted post can help better communication with the audience along with the increase in a greater number of messages, calls and texts. Boosted posts help for better advertisements of the product. For example, A Chocolate brand may use Boosted posts to gain audience as well as consumers. Boosted posts helps an adviser to be discovered among people, to establish a benchmark in the market and to gain more and more customers. It's a kind of marketing strategy used for publicity purpose.
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Is budget towards a new computer a fixed or variable expense?
Management at work you are the proud owner of a small vintage clothing store. your store, fantastic 40s, specializes in clothing from the 1940s. you have four great employees, rebecca, rachel, roberto, and rafael. at first, business was good, but, recently, you have noticed that sales are slipping. puzzled, you turn to your management textbook for some ideas on how to turn things around.
Answer:
You measure sales over time and realize that the months of July, August, and September are particularly slow. As a result, you ask two of your sales clerks if they would be willing to work part-time during those months. Management Science.
Management science refers solving problems and making decisions in a company in order to move it forward. By preferring solutions to the problem of slow sales over some months, you have engaged in management science.
You make sure that when you hire new people, you get input from each of the existing team members. if they're happy with the new hire, they're more likely to make that person part of the team, and the team will sell more. Humanistic Management Theory.
With Humanistic Management, the needs, wants and thoughts of employees are taken into account when making decisions because employees are not viewed as simple assets to the company but as humans who are complex. By finding out what your employees think of a new hire you are engaging in the Humanistic theory.
You notice that when customers have too many choices, they are less likely to make a decision about what to buy, so you tell all of your employees to bring out only three things at one time. In addition, you start to pay your employees a commission for every item they sell. Classical Management theory.
Classical management is based on certain premises such as the needs of employees being either physical or economic as well as profit maximization. By offering commissions as incentives you are appealing to the economic need of your employees. By engaging in practices aimed at getting people to buy more, you are engaging in profit maximization.
A customer survey shows that the men who come into the store would prefer to be left alone while they shop, but the women who come into the store want to be asked if they need assistance. you tell your employees to leave men alone and ask women if they want help. Contingency Theory.
Contingent Theory shows that for each situation in a company, it is best to manage it based on the internal and external factors affecting it. In this case men don't need help but women prefer it. Offer help to women but not to men. You are therefore basing actions on the factors affecting this situation.
Who are office chief , sectional chief and assistant in school ?
Answer:
Post of the principle : A principal in a company is typically the owner, founder or chief executive officer (CEO) of a company. In some situations, the principal might be someone who owns most of the company's equity and is responsible for making big business decisions.
Post of the teacher : Teaching post means any post in a school or institution occupied by a teacher for the purpose of teaching. teaching post means a post, the duties of which involve teaching and training the students and other academic responsibilities.
Post of the counter worker : They call the childs parents if anything is wrong at school and is responsible of collecting the school fees and payment
Explanation:
Answer:
Sectional chief is the bridge between top and low level chiefs. One of the most important functions of a sectional chief is to report the performance, problems and achievements of the department to the office chief. Office Assistant: They are those personnel who work at lower level in an organization.
Teacher's post: Teaching post means any post in a school or institution occupied by a teacher for the purpose of teaching. teaching post means a post, the duties of which involve teaching and training the students and other academic responsibilities.
Marlon intends to sell a piece of real estate he owns and contracts Nita, a real estate broker, to make the sale. In the contract, Marlon authorizes Nita to make the sale at or above a minimum price he wants and the date by which he wants the sale to be completed. The contract also stipulates that Marlon should not hire another broker to sell that piece of land till the expiry of the contract period. Nita finds a suitable buyer, makes the sale in time, and is paid by Marlon for her services.
Which of the following types of agency had Marlon and Nita entered into?
A) apparent agency
B) agency by ratification
C) implied agency
D) express agency
Answer:
D) express agency
Explanation:
From the question, we are informed about Marlon who intends to sell a piece of real estate he owns and contracts Nita, a real estate broker, to make the sale. In the contract, Marlon authorizes Nita to make the sale at or above a minimum price he wants and the date by which he wants the sale to be completed. The contract also stipulates that Marlon should not hire another broker to sell that piece of land till the expiry of the contract period. Nita finds a suitable buyer, makes the sale in time, and is paid by Marlon for her services. In this case, the types of agency had Marlon and Nita entered into is express agency. Express agency can be regarded as an agency that is been set up through an oral or a written agreement that exist between agent and principal. This gives indication of their express intent as regards this representational status. In this agency, the written or spoken words of the principal is used in authorizing the agent so that he can to act on behalf of the principal. An agency can be regarded as contract which could be express or implied.
Ollver is the vice president of production at his company and has been managing the launch of nen software systems. He worked with a
team of individuals who were tasked to create awareness about a specific product and also to approach potential purchasers of the
product. Which department managers were part of Oliver's team
Oliver's team induded the
manager, who would handle product awareness, and the
manager,
who would handle potential purchasers of the product
Answer:
Part 1. Marketing Department
Part 2. Sales Department
Explanation:
The Marketing department is the one which is responsible for creating product awareness among the target market segment customers. The marketing department assesses the best option to approach the customers present in the market segment. The option that will generate greater product awareness and is less costly to the organization is the best option that the market department tries to find to reach customers.
On the other hand, the Sales department is responsible to approach its potential customers to ensure that sales targets are met. They are the ones who will finalise the dealings between the company and the customer to sell the products or services.
Answer:
its advertising and sales
Explanation:
i took the test and got it right
There are THREE (3) types of managers in Project Management. There are a project manager, program manager and portfolio manager. List the differences in a form of table by comparing each type of managers. (Authority, power, decision making and so on). Create a list at least FIVE (5) and above for the comparison.[15 marks]
The Three (3) types of managers in Project Management are project manager, program manager and portfolio manager.
Manager Type: Project Manager
Authority: Has authority over the project team and project resources
Power: Has the power to make decisions related to the project
Decision Making: Responsible for making decisions related to the project
Scope of Responsibility: Responsible for the successful completion of the project
Role: Oversees the planning, execution, and completion of the project
Manager Type: Program Manager
Authority: Has authority over multiple related projects
Power: Has the power to make decisions related to the program
Decision Making: Responsible for making decisions related to the program
Scope of Responsibility: Responsible for the successful completion of the program
Role: Oversees the planning, execution, and completion of the program
Manager Type: Portfolio Manager
Authority: Has authority over multiple programs and projects
Power: Has the power to make decisions related to the portfolio
Decision Making: Responsible for making decisions related to the portfolio
Scope of Responsibility: Responsible for the successful completion of the portfolio
Role: Oversees the planning, execution, and completion of the portfolio
For such more question on Management:
https://brainly.com/question/1276995
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