Which of the following is not a recommended guideline for designing an effective incentive compensation system?
a) Making generous across-the-board wage and salary increases for all company personnel the cornerstone of monetary rewards and having a reward system that consists of at least 50 percent non-monetary rewards and incentives
b) Keeping the time between achieving the target performance outcome and the payment of the reward as short as possible
c) Making sure the performance targets each individual or team is expected to achieve involve outcomes that the individual or team can personally affect
d) Administering the reward system with scrupulous objectivity and fairness
e) Strictly avoid rewarding people who have tried hard, gone the extra mile, and yet fallen short of achieving their assigned performance targets (even if the shortfall might be due to circumstances beyond their control)
Answers
Answer: Strictly avoid rewarding people who have tried hard, gone the extra mile, and yet fallen short of achieving their assigned performance targets (even if the shortfall might be due to circumstances beyond their control
Explanation:
Out of the options given, the one which is not is not a recommended guideline for designing an effective incentive compensation system is strictly avoid rewarding people who have tried hard, gone the extra mile, and yet fallen short of achieving their assigned performance targets (even if the shortfall might be due to circumstances beyond their control).
Related Questions
Production possibilities curves are useful to businesses because they
A. show how producing one product affects production of another.
B. identify efficient production methods to increase productivity.
C. help make predictions about which products will be profitable.
O D. compare productivity between multiple companies,
Answers
An employer's defense to an employment discrimination claim might include a simple demonstration that the employee's evidence is not true. This defense might include all of the following except
Answers
An employer's defense to an employment discrimination claim might include a simple demonstration that the employee's evidence is not true. This defense might include all of the following except "the employee is a known liar".
What is a defense in law?
A defendant may establish a defense in a civil case or criminal prosecution under common law or legislation in order to avoid civil responsibility or criminal guilt.
What is Evidence?
The evidence for a proposition is what backs up that assertion. It is commonly seen as proof that the supported statement is correct. The function of evidence and how it is conceived differs by discipline.
How can a lie be detected during a legal proceeding?
The polygraph is the most well-known tool for detecting deceit through psychophysiological means.
All of these strategies are designed to identify deceit by evaluating indications of changes in the body that are ordinarily undetectable by human inspection.
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practice setting goals for various aspects of your personal life such as academics career preparation family hobbie. set at least two short term goals and at least two Long term goals for each area for these goals that you have set write out plans for achieving those goals.think in terms of what you will have to do to accomplish each
Answers
Certainly, setting goals is an essential practice to achieve success and satisfaction in various aspects of personal life.
Academics:
Short-term goals:
Attend all classes and complete assignments on time.Improve my grade in a specific course by studying regularly. Plan to achieve short-term goals:
Create a daily study schedule and allocate time for reading, writing, and reviewing notes.Seek help from a tutor or professor for difficult concepts.
Long-term goals: Achieve a high GPA to qualify for graduate school. Get accepted into my desired graduate program. Plan to achieve long-term goals: Take challenging courses and attend workshops or seminars to improve academic skills.Research graduate programs and their admission requirements, and prepare for standardized tests if necessary.
Career Preparation:
Short-term goals: Update my resume and cover letter for job applications.Attend a networking event and meet new people in my industry. Plan to achieve short-term goals:Research the latest trends in resume and cover letter writing, and tailor them to specific job applications. Prepare a pitch and networking strategy in advance.
Long-term goals:
Secure a job in my preferred industry and position. Develop new skills and advance in my career.Plan to achieve long-term goals:Attend career fairs, conferences, and other industry events to network and learn about job opportunities.Take online courses or certifications to acquire new skills and knowledge.Seek mentorship or coaching from experienced professionals.
Family:
Short-term goals:Plan a weekend outing with my family.Call or video with a family member living in a different city or country.Plan to achieve short-term goals: Discuss with family members and decide on a fun activity that everyone can enjoy.Schedule a specific time for calling or video chatting, and set reminders if necessary.
Long-term goals:
Spend more quality time with family on a regular basis.Plan and save for a family vacation in the next year.Plan to achieve long-term goals:Create a family calendar or schedule to plan and prioritize events and activities.Set aside a specific amount of money each month for family vacations or other activities.
Hobbies:
Short-term goals:
Practice a new hobby for at least one hour each day.Learn a new technique or skill in my hobby.Plan to achieve short-term goals:Schedule a specific time each day for practicing or learning, and avoid distractions. Research online tutorials or courses, and follow step-by-step instructions.
Long-term goals:
Master a specific hobby and showcase my work publicly.Incorporate my hobby into my career or business.Plan to achieve long-term goals:Attend workshops or conferences to learn from experts and connect with like-minded individuals.Create a portfolio or online gallery to showcase my best work and promote my hobby.
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A company purchased $2,900 of merchandise on July 5 with terms 1/10, n/30. On July 7, it returned $500 worth of merchandise. On July 8, it paid the full amount due. The amount of the cash paid on July 8 equals:
Answers
Answer: $2376
Explanation:
Based on the information given in the question, the amount of the cash paid on July 8 will be calculated as the difference between the net sales and the discount.
Net sales = $2900 - $500 = $2400
Discount = $2400 × 1% = $24
Therefore, The amount of the cash paid on July 8 will be:
= $2400 - $24
= $2376
Bramble Corp. purchased a delivery truck for $38,800 on January 1, 2019. The truck has an expected salvage value of $1,800, and is expected to be driven 100,000 miles over its estimated useful life of 8 years. Actual miles driven were 14,700 in 2019 and 12,900 in 2020. (a1) Calculate depreciable cost per mile under units-of-activity method. (Round answer to 2 decimal places, e.g. 0.50.)
Answers
Answer:
Depreciable cost per mile= $0.37
Explanation:
Giving the following information:
Purchase price= $38,800
Salvage value= $1,800
Expected to be driven 100,000 miles over its estimated useful life.
To calculate the depreciable cost per mile, we need to use the following formula:
Depreciable cost per mile= (original cost - salvage value)/useful life of production in miles
Depreciable cost per mile= (38,800 - 1,800)/100,000
Depreciable cost per mile= $0.37
What is a certificate of deposit, or CD?
Answers
The mean amount spent by a family of four on food per month is $507 with a standard deviation of $79. Assuming that the food costs
are normally distributed, what is the probability that a family of four spends more than $600 per month on food?
Select one:
O a. 1.18
b. 0.3810
O c. 0.8810
O d. 0.1190
Clear my choice
What is the probability of a value occurring between the mean and a z-Value of 1.26?
Select one:
O a. 0.0793
b. 0.1026
O c.
0.3849
O d. 0.3962
Clear my choice
Answers
The mean amount spent by a family of four on food per month is $507 with a standard deviation of $79. Assuming that the food costs are normally distributed, the probability that a family of four spends more than $600 per month on food is 0.1190.
Probability is the branch of mathematics concerning numerical descriptions of however doubtless an associate event is to occur, or how likely it's that a proposition is true. The chance of an occasion could be a range between zero and one, where, roughly speaking, 0 indicates the impossibility of the event and 1 indicates certainty. The higher the probability of an event, the lot of likely it is that the event can occur. a straightforward example is the moving of a good coin. Since the coin is fair, the 2 outcomes are each equally probable; the probability of "heads" equals the probability of "tails"; and since no alternative outcomes are possible, the chance of either "heads" or "tails" is 1/2.
These ideas are given an axiomatic mathematical systematization in probability theory, that is employed widely in areas of study such as statistics, mathematics, science, finance, gambling, artificial intelligence, machine learning, computer science, game theory, and philosophy, for example, draw inferences concerning the expected frequency of events. applied math is additionally accustomed describe the underlying mechanics and regularities of complex systems.
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Lola is preparing to buy a new home. She just received a promotion at her job
and she always pays her bills on time. Her only issue is she loves to shop,
which often doesn't leave her much money. After meeting with the realtor, it
Hooks like she will have to hold off on purchasing a new home. What area
should she most likely focus on to prepare?
O A. Overspending
B. Late payment fees and interest
C. Discouragement
O D. Credit damage
Answers
Answer:
A. Overspending
Explanation:
We note here that Lola "just received a promotion at her job," which means she is likely to have an increase in pay as a result. However, because of her love for shopping, we are told that she often doesn't have much much money left.
This most likely indicates that Lola overspends (eg on shopping, etc), making it difficult to fulfill other needs she has like buying a new home. Therefore, to prepare she needs to check the area of overspending in other to have enough money for the new home.
Answer:
It's overspending
Explanation:
she spends right as she gets her money and doesn't save anu
7. Constant growth rates One of the most important components of stock valuation is a firm’s estimated growth rate. Financial statements provide the information needed to estimate the growth rate. Consider this case: Robert Gillman, an equity research analyst at Gillman Advisors, believes in efficient markets. He has been following the mining industry for the past 10 years and needs to determine the constant growth rate that he should use while valuing Pan Asia Mining Co. Robert has the following information available: • Pan Asia Mining Co.’s stock (Ticker: PAMC) is trading at $13.75. • The company’s stock is expected to pay a year-end dividend of $0.66 that is expected to grow at a certain rate. • The stock’s expected rate of return is 6.60%. Based on the information just given, what will be Robert’s forecast of PAMC’s growth rate?
Answers
Based on information given, Robert’s forecast of PAMC’s growth rate will be 11.4%.
Here, we are going to calculate Robert’s forecast of PAMC’s growth rate by using the information provided..
The formula to be deployed is Price = Dividend in 1 year/(cost of equity - growth rate)
Given Information
Pan Asia Mining Co.’s stock is trading at $13.75
Expected year-end dividend = $0.66
Stock’s expected rate of return = 6.60%.
$13.75 = $0.66 / (6.60% - Growth rate)
$13.75 = $0.66 / (0.066 - Growth rate)
$13.75*((0.066 - Growth rate) = $0.66
$0.9075 - $13.75(Growth rate) = $0.66
$13.75(Growth rate) = $0.66 + $0.9075
Growth rate = $1.5675 / $13.75
Growth rate = 0.114
Growth rate = 11.4%
Therefore, Robert’s forecast of PAMC’s growth rate will be 11.4%.
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A European call and put option on the same security both expire in three months, both have a strike price of 20, and both sell for the price 3. If the nominal continuously compounded interest rate is 10% and the stock price is currently 25 , identify an arbitrage.
Answers
Answer:
Call payoff = Max [0, Stock price - Strike price]
Call payoff = Max[0,25-20]
Call payoff = 5
Put payoff = Max[0, strike price - stock price]
Put payoff = max[0,20-25]
Put payoff = 0
Strike price = K = 20
Stock price = S = 25
interest rate = 10% = 0.1
Time to expiry = T = 3 months = 3/12 = 0.25
Put call parity: C + K*Exp(-r*T) = P + S
C = P + S - K*Exp(-r*T)
Call = 3 + 25 - 20*exp(-0.1*0.25)
Call = 28 - 19.5062 =
Call = 8.4938 > 3
So, yes there is an arbitrage . Implied value is 8.4938 but trades at 3.00; Call option is trading cheap hence we should buy more call options.
What Acts of Parliament govern the operation of incorporated not-for-profit organisations?
Answers
Answer:The Australian Charities and Not-for-profits Commission Act 2012 (ACNC Act) governs eligibility of a not-for-profit entity to be registered as a charity for federal purposes, and establishes governance standards and reporting requirements for registered organizations
WARNING: I am not sure I am right
Explanation:
Using the appropriate tool from the Accountant Tools menu, which 4 of the following can be batch reclassified in QuickBooks Online Accountant?
Classes
Customers
Products and Services
Locations
Tax Code
Answers
The Batch Reclassify Transactions tool in QuickBooks Online Accountant provides a streamlined and efficient way to reclassify these four items.
In QuickBooks Online Accountant, the "Batch Reclassify Transactions" tool can be used to reclassify the following four items:
1. Classes: The Batch Reclassify Transactions tool allows you to reclassify transactions based on their assigned classes. You can select a range of transactions and update the class assignment in bulk, which is useful for correcting any misclassifications or for making changes to your class structure.
2. Customers: With the Batch Reclassify Transactions tool, you can also reclassify transactions based on the customer associated with them. This is helpful when you need to make changes to the customer assignments for a group of transactions, ensuring accurate reporting and tracking of sales and expenses.
3. Products and Services: The Batch Reclassify Transactions tool enables you to reclassify transactions based on the products and services involved. By selecting a range of transactions, you can update the product or service assignment in bulk, allowing you to correct any misclassifications or make changes to your product and service categorizations.
4. Tax Code: The Batch Reclassify Transactions tool can be used to reclassify transactions based on their assigned tax codes. This feature is particularly useful when there are changes to tax regulations or when transactions have been mistakenly assigned incorrect tax codes. By selecting the transactions and updating their tax code in bulk, you can ensure accurate tax reporting and compliance.
The Batch Reclassify Transactions tool in QuickBooks Online Accountant provides a streamlined and efficient way to reclassify these four items, helping to maintain accurate financial records and ensure proper reporting and analysis of your business's data.
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3. XYZ Corp's transactions for the month of October included purchase of $5,000 inventory (on October 2) on account; collection of $1,000 Accounts Receivables; purchase of $6,000 furniture paying half in cash with the balance on account; and payment of $3,500 at the end of October towards the balance owed for the October 2 inventory purchase. On October 22, XYZ also paid the $7,100 balance of an amount owed from September's inventory purchases. If the October 1 balance in the Accounts Payable account was $4,700, what is the balance in Accounts Payable at the end of October? Sketch the T-account, and clearly write the October 31 final balance, on the debit OR credit side. (Sketch only one T-account.)
Answers
a) If the October 1 balance in the Accounts Payable account was $4,700, the balance in the Accounts Payable at the end of October was $2,100.
b) The T-account for the Accounts Payable account appears as follows:
T-Account:Accounts PayableDate Account Titles Debit Credit
Oct. 1 Beginning balance $4,700
Oct. 2 Inventory 5,000
Oct. 2 Furniture 3,000
Oct. 30 Cash $3,500
Oct. 22 Cash 7,100
Oct. 31 Ending balance $2,100
Total $12,700 $12,700
Nov. 1 Beginning balance $2,100
What is a T-account?A T-account is an account that shows the debit and credit sides using the double-entry bookkeeping system.
For the Accounts Payable, the T-account normally shows a credit balance because it is a liability account.
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How do you determine when an assignment is due
Answers
Two groups have different uses for a local field. A bird watching society enjoys studying the ground-nesting swallows that visit each summer. A mountain bike camp prefers to use the field to build jumps and hold other events and receives a benefit of $1,000 from using the field. When it does, the activities scare away the birds and the bird-watching society faces a wealth reduction of $700. What is the optimal use of the field during the summers
Answers
The optimal use of the field during summer season is to provide the field to the bird watching society.
The optimal use of the field during summer season is to avoid the mountain bike camp and allow the bird watching society to enjoys studying the ground nesting swallows that visit each summer because bike camp can be planned at any other location.
But the birds can't nested except this place so the field should allow the bird watching society to enjoys studying the ground nesting swallows on the field so we can conclude that the optimal use of the field during summer season is to provide the field to the bird watching society.
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State 2 functions of an entrepreneur.
Answers
Answer:
taking the risk of developing new products or services.
successfully bringing new products and services into the marketplace.
A firm is operating in the United States with only two other competitors in the industry. a. It is likely this industry would be characterized as: multiple choice 1 monopolistically competitive. perfectly competitive. oligopoly. pure monopoly. b. Firms in this industry will likely earn: multiple choice 2 a normal profit. an economic profit. an economic loss. c. If foreign firms begin supplying the product, increasing the number of competitors, it is likely that: multiple choice 3 economic profits will fall.
Answers
Answer:
a. oligopoly.
b. an economic profit.
c. economic profits will fall.
Explanation:
An oligopoly can be defined as a market structure comprising of a small number of firms (sellers) offering identical or similar products, wherein none can limit the significant influence of others.
Hence, it is a market structure that is distinguished by several characteristics, one of which is either similar or identical products and dominance by few firms.
The characteristics of an oligopolistic market structure are;
I. Mutual interdependence between the firms.
II. Market control by many small firms.
III. Difficult entry to new firms.
Hence, a firm operating in the United States of America with only two other competitors in the industry is likely to be an industry that would be characterized as oligopoly.
Additionally, business firms operating in this industry (oligopolistic market) will likely earn an economic profit. Also, if foreign business firms begin supplying the product, increasing the number of competitors, it is likely that economic profits will fall because the industry is now being competitive and controlled by other business firms.
In economics, market structure refers to how different industries are distinguished depending on the degree and form of product and services rivalry. It's based on the features that influence the outcomes and behaviors of businesses in a given market.
a) An oligopoly is a business that operates in the United States with only two other competitors in the same industry.
Reason:
An oligopoly is a market structure with a small number of enterprises and high entry barriers. A competitive environment in which there are just a few vendors reveals to be Oligopoly because there are only two competitors available in the business.
b) Oligopolistic businesses will almost certainly make an economic profit.
Reason:
In an oligopoly, all firms would have to work together to raise prices and make a bigger profit. The bulk of oligopolies form in industries where goods are essentially homogeneous and give essentially the same advantage to customers.
c) Economic earnings are expected to diminish or fall if international enterprises begin to supply the product, increasing the number of competitors.
Reason:
As the supply curve changes to the right, the market price begins to fall, and as a result, existing and new enterprises' economic earnings fall. Due to the entry of new enterprises, which pulls down the market price, economic profit is zero in the long term.
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Do you know the answer?
Answers
Answer:
no
Explanation:its to blurie
what are the 3 important reasons to reconcile bank and credit card as a set date
Answers
Answer:
1) To verify transactions have the correct date assigned to them. 2) To verify that an account balance is within its credit limit. 3) To verify that all transactions have been recorded for the period.
Explanation:
On March 1, Warwick’s Co., a women’s clothing store, purchased $72,900 of merchandise from a supplier on account, terms FOB destination, 2/10, n/30. On March 5, Warwick’s returned $8,200 of the merchandise, receiving a credit memo, and then paid the amount due on March 9, within the discount period. Journalize Warwick’s entries to record (a) the purchase, (b) the merchandise return, and (c) the payment. Refer to the Chart of Accounts for exact wording of account titles.
Answers
Answer and Explanation:
The Journal entries are shown below:-
1. Merchandise inventory Dr, $72,900
To Accounts payable $72,900
(Being purchase is recorded)
Here we debited the Merchandise inventory as assets is increasing and we credited the Accounts payable as liabilities is also increasing.
2. Accounts payable Dr, $8,036 ($8,200 - ($8,200 - 2%)
To Merchandise inventory $8,036
(Being merchandise return is recorded)
Here we debited the accounts payable as liabilities is decreasing and we credited the Merchandise inventory as assets is decreasing.
3. Accounts payable Dr, $64,864 ($72,900 - $8,036)
To Cash $64,864
(Being payment is recorded)
Here we debited the accounts payable as liabilities is decreasing and we credited the cash as assets is decreasing.
a data analyst receives an email from the vice president of marketing. the vice president is upset because the report they want from the analyst is late. select the best course of action.
a. the analyst should apologize for a deley and inform the vice president that marketing managers caused tthe deley
b. the analyst should call the vice president and ask them how important it realy is to their marketing efforts
c. the analyst should respond saying they understand the vice president concerns provide a status update, and let the vice president know when to expect the complated report d. the analyst should send the report immediately even if it's not completely finished this will make the vice president happy
Answers
As the vice president is upset because the report they want from the analyst is late, the best course of action will be c. the analyst should respond saying they understand the vice president concerns provide a status update, and let the vice president know when to expect the completed report
The data analyst should understand the concerns of the Vice President, and apologize for the delay of the report. He should actively work on it and you can tell the vice president the expect date it to be completed.
In the meantime, The data analyst should provide the vice president with a status update to ensure that you remain informed of its progress. He should also thank him for his patience. hence, option c is the correct option in the above based scenario.
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Principles of Investment
Assignment Active
Monetary Policy and Investments
Juan is always researching different investment options.
A few weeks ago he noticed some nice homes for sale in
his neighborhood. The listed prices were below market
value. Today on the news he heard that the Federal
Reserve lowered interest rates for banks and that banks
have lowered interest rates for home mortgages in turn.
As a result, there has been a huge boom in the number of
people purchasing homes.
What is most likely to happen as a result of the
change in interest rates?
O Housing prices will go up and down due to
changing fiscal policy.
O The market will experience more demand and the
price of houses will go up.
O The price of houses will go down in response to the
decreased demand.
O The prices for homes in that area will be stable due
to the new monetary policy.
4
Answers
As a result of the decrease in interest rates, Option B. The market will experience more demand, and the price of houses will go up.
The demand for houses will go up and housing prices will increase, causing individuals who were on the fence about buying a house to act swiftly before prices rise too much. As a result, housing sales are expected to surge. Lower interest rates, on the other hand, are often linked to increased borrowing and spending in the economy. Because borrowing money is now less expensive, more people are more willing to do so and the money supply in circulation rises.
The decrease in interest rates could cause more individuals to be more willing to purchase a home due to lower interest rates and more affordable mortgage payments. Lowering interest rates for banks and home mortgages, as well as lowering the cost of borrowing, encourages more people to buy houses, resulting in a greater demand for homes and, in turn, driving up the prices of homes.
As a result, option B is correct: the market will experience more demand, and the price of houses will go up. Therefore, the correct option is B.
The question was incomplete, Find the full content below:
Juan is always researching different investment options. A few weeks ago he noticed some nice homes for sale in his neighborhood. The listed prices were below market value. Today on the news he heard that the Federal Reserve lowered interest rates for banks and that banks have lowered interest rates for home mortgages in turn. As a result, there has been a huge boom in the number of people purchasing homes. What is most likely to happen as a result of the change in interest rates?
A. Housing prices will go up and down due to changing fiscal policy.
B. The market will experience more demand and the price of houses will go up.
C. The price of houses will go down in response to the decreased demand.
D. The prices for homes in that area will be stable due to the new monetary policy.
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Kia's company pays its employees on Fridays . This accounting period ended on a Wednesday, so the employees will not be paid for the week for another two days. Kia needs to record an adjusting entry to record and why?
Answers
Kia's company pays its employees on Fridays. This is required because the firm must appropriately report its obligations on its financial accounts and the payment of salary is one of those liabilities.
What is adjusting entry?Generally, An adjusting entry is a journal entry made at the end of an accounting period to correct or update the financial statements for items that have not been recorded or have been recorded incorrectly.
In this case, it sounds like Kia needs to record an adjusting entry to account for the fact that the employees will not be paid until two days after the end of the accounting period.
This is necessary because the payment of salaries is a liability of the company and the company needs to accurately reflect its liabilities on its financial statements.
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People use money as a store of value when they: A. hold money to transfer purchasing power into the future. B. use money as a measure of economic transactions. C. use money to buy goods and services. D. hold money to gain power and esteem.
Answers
Answer:
A. hold money to transfer purchasing power into the future.
Explanation:
People use money as a store of value when they hold money to transfer purchasing power into the future.
How have cloud-based applications changed the way people edit documents?
Answers
We can actually deduce here that cloud-based applications has changed the way people edit documents by allowing multiple users to access, review and edit a document in real time but from different locations.
What is cloud-based application?A cloud application is actually known to be a software application that is known to be deployed in a cloud environment and not actually hosted on a local server but accessible via the internet.
Cloud computing is the technology that is changing how people store and share files. Documents can be stored in the cloud system for years and accessed from anywhere and at anytime.
We see here that with cloud collaboration multiple users can work on a document at real time.
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Ryan Company deposits all cash receipts on the day they are received and makes all cash payments by check. Ryan's June bank statement shows a $20,361 balance in the bank. Ryan's comparison of the bank statement to its cash account revealed the following: Deposit in transit 1,850 Outstanding checks 945 Additionally, a $37 check written and recorded by the company was incorrectly recorded by the bank as a $73 deduction. The adjusted cash balance per the bank records should be:
Answers
Answer:
Bank Statement Balance = $20361
Deposit In Transit. = $1850
Outstanding Checks. = $945
Additional Check. = $73-$36
Adjusted Cash Balance. = $23193
People who take a loan from a bank have the responsibility to:
A. spend all of their savings to pay off the loan as quickly as
possible.
B. pay the full amount of each monthly payment without being late.
C. use the same bank whenever they want to take out another loan.
D. never take out another loan until the first one is paid off.
Answers
Answer:
B
Explanation: Just answered it
People who take loan from a Bank have the responsibility to pay the full amount of each monthly payment. Hence, option B is correct.
Rules for Bank LoanThe Person who took loan from Bank has the responsibility to pay the due amount to the bank within the time limit given by the Bank. If a person failed to do so, he is charged with late fees and also it affects his future loan taking perspectives.
Hence, People who take loan from a Bank have the responsibility to pay the full amount of each monthly payment. Therefore, option B is correct.
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The term "benchmarking" as it relates to the hotel industry refers to a line-by-line analysis of an operating statement, comparing metrics for hotels of similar size or profile
Answers
Answer:
The term "benchmarking" as it relates to the hotel industry refers to comparing metrics for hotels of similar size or profile.
Explanation:
a) Benchmarking is a process wherein a company's products, services, business processes, or performance metrics are compared with a “best in class” competitor. The purpose of benchmarking is to enable organizations to make improvements by adapting specific best practices. A retail shop's metrics can be compared with the leading retail shop in your area. Given the deep insight gathered from benchmarking, this retail shop can decide to alter its line of products, the way it competes in the marketplace, or to undertake some improvements in her business processes.
There are four types of benchmarking, including internal, competitor, functional, and generic. Internal benchmarking is limited to internal processes. Competitor benchmarking compares one company's processes, products, or services to another. Functional benchmarking compares one function of an entity to another entity's. While generic benchmarking compares unrelated companies' processes or functions.
The change in technology and the globalization have brought new pattern of organizing
today's companies, and thus, the managers need to consider these new concepts in
organization's design process. With this statement, discuss the emerging issues in
organization design and architecture.
Answers
Following are the emerging issues in organization design and architecture:Technology and Globalization, Customer Relations,Technical Knowledge, Flexibility, Employee's Well-being.
Following are the emerging issues in organization design and architecture:
Technology and Globalization: The modern era's rapid technology and globalization have forced the organizations to adopt a new pattern of organizing. Managers are focusing more on technology and globalization and they are ensuring that the company can cope with the emerging challenges.Customer Relations: Customers are the major driving force in every business. To maintain the customer base, the managers need to focus on customer relations as the organization's design process should be centered around their needs. This will help the managers in creating a company that provides excellent customer service to its customers.Technical Knowledge: The success of an organization depends on the technical knowledge of its managers. Managers need to have knowledge about new and emerging technologies so that they can use them to enhance the organization's capabilities. In addition, managers need to know how to apply this technical knowledge to improve the organization's structure and operations.Flexibility: Flexibility is a crucial component in the organization's design process. The managers need to design the organization that is flexible enough to adapt to new changes and technologies. This will help the managers in keeping up with the rapidly changing business environment.Employee's Well-being: The well-being of employees is also a significant issue in the organization's design process. The managers need to design the organization in a way that the employees can work efficiently, and their personal needs are also met. This will help in improving the employee's productivity and motivation level and ensure their loyalty to the organization.For more such questions on Globalization
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A sentence that contains one independent clause and one or more dependent clauses is a
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Answer:
Complex sentence they always have one independent clause + 1 or more dependant clause
Joined by using conjunctions!