An organizational structure known as departmentalization divides people into groups known as departments based on a particular set of criteria.
Each of these departments has its own leader, but they collaborate to complete tasks. It is possible for multiple departments to collaborate on large or complicated projects.
An illustration of departmentalization
In functional departmentalization, an organization is divided into departments according to the roles they play in the company. A manufacturing company, for instance, might establish departments for production, sales and marketing, accounting, and human resources.
Which five kinds of departmentalization are there?
By function, process, product, market, customer, geographic area, and sometimes matrix (also known as project organization) are the primary types of departmentalization.
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non-value-added activities in a process design can be eliminated by:
Non-value-added activities in a process design can be eliminated by using value stream mapping.
In chemical engineering, process design is the selection and ordering of units for the desired physical and/or chemical transformation of a material.
Process design is at the heart of chemical engineering and can be considered the pinnacle of the field, bringing together all the components of the field. Process design is at the heart of operations management (OM). It is the process of creating and improving systems that convert the input to output. Process design involves understanding how work is done in an organization, and then designing and implementing ways to improve it.Learn more about process design here: https://brainly.com/question/16952977
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a company provides the following information: cash receipts from customers: year 1 year 2 year 3 from year 1 sales $95,000 $120,000 from year 2 sales 200,000 $ 75,000 from year 3 sales 50,000 225,000 what is the accrual-based revenue for year 2?
The accrual-based revenue for year 2 is $275,000 for $200,000 and $ 75,000.
Given data,
year 1 sales are $95,000, $120,000
year 2 sales are $200,000, $ 75,000
year 3 sales are $50,000, $225,000
the formula is :
The accrual-based revenue = revenue1 + revenue 2
= $200,000 + $ 75,000
= $275,000
The accrual-based revenue is $275,000
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during 2007-2009 the us economy has slipped into a recession fueled mainly by the burst of the bubble in the housing market and the crisis in wall street. in response, the federal reserve has been working on an expansionary monetary policy. what is the way in which the fed has conducted this policy?
The federal funds rate was initially reduced by the Fed via "conventional" policy operations, from 5.25 percent in September 2007 to a range of 0-0.25 percent in December 2008, with the majority of the drop taking place in January to March 2008 and in September to December 2008.
The significant decline during those times was due to the economic outlook being significantly downgraded and the increasing downside risks to output and inflation (including the risk of deflation).
By December 2008, the federal funds rate had reached its effective lower bound, and the FOMC had started using its policy statement to give the federal funds rate forward guidance.
The phrase mentioned maintaining the rate at very low levels "for some time" and then "for an extended period" (Board of Governors 2008). (Board of Governors 2009a).
By lowering the term structure of interest rates, raising inflation expectations (or lowering the likelihood of deflation), and lowering real interest rates, this guideline was meant to stimulate the economy's monetary system.
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forward-thinking organizations are creating the position of __________ to oversee the development and management of innovative social media programs.
Forward-thinking organizations are creating the position of Chief Digital officer to oversee the development and management of innovative social media programs.
A product or a concept becomes modern when it stands proud from the rest and virtually makes the clients' lives simpler. A hit alternate that can convert understanding and thoughts into a benefit – in the shape of recent or stepped-forward merchandise/offerings is capable of being innovative.
Lego has been converting the substances of its well-known bricks to biodegradable oil-based totally plastics. The first electric-powered automobiles added to the automobile marketplace have been also innovative, and new batteries with longer stages that hold popping out also are an instance of innovation.
Creativity, vital wondering, and complicated hassle-solving. All three of those abilities are vital to growing and bringing to existence a new innovation that solves a real problem and provides a significant price.
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A perfectly competitive industry is in a state of long-run equilibrium. Which of the following must be true?
a. P = MR = MC > ATC.
b. P = MR = MC = AVC.
c. P = MR = MC = ATC.
d. P > MR = MC = AVC.
The correct response is option b. P=MR=MC=ATC at long-run equilibrium
An economy is in economic equilibrium when the demand for a basket of commodities and the supply of those commodities are equally stable. External factors like an increase in government spending, income tax, price level, and consumption pattern will have an impact on the value of economic forces in equilibrium.
A commodity's aggregate demand and supply are equal in economic equilibrium. Firms in perfectly competitive industries make a normal profit, and each firm aims to make the most money possible by producing as much output as possible at a level where the marginal cost (MC) equals the marginal revenue (MR).
In the long run, firms in a perfectly competitive industry strive to be allocatively efficient, which means that they produce goods in a way that meets the preferences of customers at a price (P) that is equal to the marginal cost (MC). Additionally, businesses strive for productive efficiency when marginal cost (MC) and average total cost (ATC) are equal.
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Rep. Mike gallagher of wisconsin and rep. Ruben gallego of arizona both served in which branch of the u. S. Armed forces?.
Rep. Mike Gallagher of Wisconsin and rep. Ruben Gallego of Arizona both served in US Air Force as a United States Marine Corps intelligence officer
Michael John Gallagher (born March 3, 1984) is a United States Representative from Wisconsin's 8th congressional district. Gallagher was a United States Marine Corps intelligence officer who served on active duty for seven years (2006-13). As a counterintelligence officer and member of the CENTCOM assessment team, he assessed American military strategy in the Middle East and Central Asia.
Ruben Gallego is a Marine Corps intelligence officer veteran rising progressively from Phoenix's deep blue district. And he is quickly becoming one of the most visible lawmakers on Capitol Hill working on military and veterans issues. He was raised in a strict military culture and now serves in the pristine halls of Congress. His experience as a combat arms soldier gives him credibility in military circles.
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what is a tax credit?
A tax credit is a reduction in your tax liability on an exact dollar for dollar basis.
Define the term tax credit?You owe less income tax to the state and federal governments thanks to tax credits.
Credits are typically created to promote or reward specific actions that are thought to be good for the economy, the environment, or any other major cause the government deems vital.All taxpayers have access to a variety of tax credits that can be used to offset a variety of costs and circumstances. The federal government provides a credit for the price of buying solar panels and used in your home as an incentive for tax payers to conserve the environment.A federal adoption credit will lower your tax bill to aid families who want to adopt a child by offsetting some of the expenses you spend when adopting a childTo know more about the tax credit, here
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sarah is a great teacher; however, she struggles with the technology used by potential students and school districts, and thus is not able to find work. sarah's type of unemployment is considered . cyclical seasonal frictional structural
Involuntary unemployment due to mismatch between skills that the workers possess and, the set of skills demanded by the employers causes structural unemployment.
Sarah's type of unemployment is considered structural unemployment.
What is structural unemploymentLong-term unemployment brought on by changes in the economy is referred to as structural unemployment.Even while there are open positions, there is a mismatch between what employers require and what the current workforce can provide.Long-term structural unemployment typically requires significant reform to reverse.Technology has a tendency to make structural unemployment worse by marginalizing some employees and making some jobs, like manufacturing, obsolete.A coincidence indicator is an economic statistical indicator which changes along with general economic conditions. It reflects the current status of the economy. The weekly jobless claim is a coincident indicator.The consumer confidence index is a leading indicator, since a rise or fall of the index is a strong indication of the future level of consumer spending.The unemployment rate is a lagging indicator. Since, unemployment tends to increase after an economy faces a downturn. It tends to decrease after the economy faces an upward swing.A public good is non-rival and non-excludable. Therefore, option 1 is incorrect.Private goods are rival and excludable. Therefore, option 2 is incorrect.Common goods are rival and non-excludable. Option 3 is incorrect. The last option 4 is correct
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__________ theory assumes that people are motivated to work toward a goal when they want to achieve the outcome and also think they have the ability and means to achieve it.
Edwin Locke proposed the goal-setting theory of motivation in the 1960s. According to this hypothesis, task performance and goal setting are fundamentally related.
What is the motivational goal-setting theory?Edwin Locke developed the goal-setting theory of motivation in the 1960s. This hypothesis proposes a basic relationship between task performance and goal planning. It claims that task performance may be increased and improved with the help of clear, challenging objectives and helpful feedback.In the 1960s, Edwin Locke advanced the goal-setting theory of motivation. This theory holds that there are basic connections between task performance and goal planning. It asserts that people perform activities more effectively when given clear, challenging objectives and helpful feedback.In the 1960s, Edwin Locke advanced the goal-setting theory of motivation. This theory holds that there are basic connections between task performance and goal planning.
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Which of the following is not only ethical, but can be used to help your audience confirm your information or explore it in more detail? OA) Extracting assumptions from data O B) Respecting intellectual property rights O c) Citing sources OD) Skewing data O E) Respecting the privacy of research participants
The correct option is (C) Citing Sources following is not only ethical but can be used to help your audience confirm your information or explore it in more detail.
commercial enterprise records are information that holds meaning, price, or significance in your enterprise. it would include any reviews, spreadsheets, metrics, regulatory reporting, net pages, files, dashboards, etc that match the definition of having that means, price, or importance to your commercial enterprise.
In business corporations, facts systems play a very broad role in all elements of commercial enterprise that arise in agencies along with sales and advertising and marketing structures that feature to boom income, see possibilities and marketplace segments which might be focused via income and boom consumer pleasure with products and services. records allow keeping off the duplication of studies. facts stimulate the concept technique of the users, specifically the scholars.
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Which method of calculating inventory cost allows a business to store
inventory without indicating which batch it belongs to?
A. weighted average method
B. last in, first out (LIFO)
C. first in, first out (FIFO)
D. weighted average sales price method
first in, first out (FIFO) method of calculating inventory cost allows a business to store inventory. Inventory refers to all of the items, goods, commerce, and materials held by a company for the purpose of reselling in the market for a profit.
For instance, if a newspaper seller uses a vehicle to deliver newspapers to consumers, only the newspaper is considered inventory. The automobile will be considered an asset FIFO. The inventory is classified as an asset on the university's balance sheet. The inventory can be any physical property, merchandise, or other sales items that are retained for the future resale.
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a 38-year-old investor places $25,000 into a single premium deferred variable annuity. twenty years later, with the account valued at $72,000, the investor withdraws $25,000. if the investor is in the 25% marginal income tax bracket, the total tax liability is a) $6,250. b) $8,750 c) $17,500. d) $0.00
The total tax liability is $6,250
What is the total amount of tax due?The total amount withdrawn is taxable because the account is a qualifying annuity. Additionally, the investor must pay an additional 10% tax because she is under the age of 59.5.
Your gross tax obligation is the sum of your taxable income less any tax deductions. Your gross tax liability less any valid tax credits equals your total income tax obligation.
Tax liability is the sum of money you owe to the government in the form of taxes. It represents the entire amount of tax you owe the government.
The effective total tax is calculated as follows: 25% + 10% = 35%
Total tax du= 25% x $50,000, or
=0.25 x $25,000, for a total of $6,250.
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the schedule below reports the beginning balances and activity during the year in a town's supplies fund. the government accounts for supplies on a purchases basis. fund balance (unreserved 1/1) $400 fund balance (reserved for encumbrance 1/1) $240 fund balance (reserved for inventory 1/1) $170 total fund balance, january 1 $810 appropriations $3,400 actual revenues $3,200 supplies ordered $3,160 supplies received $3,360 supplies paid-for $2,800 supplies used $3,280 reserve for encumbrance is : $120 $45 $40 $60
Fund Balance is the total accumulation of working surpluses and deficits considering the fact that the opening of a neighborhood government's existence. The Fund Balance Formula: Fund Balance = Assets – Liabilities.
Why is fund stability important?It is integral that governments maintain ample degrees of fund balance to mitigate cutting-edge and future dangers (e.g., revenue shortfalls and unanticipated expenditures) and to make certain secure tax rates. In most cases, discussions of fund stability will excellent center of attention on a government's widespread fund.
Is fund balance an asset or liability?Fund balance (Equity) is in reality the distinction between assets and liabilities. In general, it is the stability remaining after the assets have been used to satisfy the fantastic liabilities.
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https://brainly.com/question/14297626#SPJ4which costing method assigns only manufacturing costs to products? multiple choice question. traditional absorption costing both traditional absorption and activity-based costing activity-based costing neither traditional absorption nor activity-based costing
C) Only manufacturing costs are assigned to products using the activity-based costing method.
Activity-based costing: what is it?ABC is a method of costing that allocates overhead and indirect costs to connected goods and services. By recognizing the connection between costs, overhead activities, and manufactured goods, this accounting method of costing assigns indirect costs to products less arbitrarily than traditional costing techniques.
However, some indirect expenses, like management and office staff salaries, are challenging to relate to a specific product. The manufacturing sector uses activity-based costing (ABC) most frequently because it improves the accuracy of cost data, yielding costs that are almost exact and better classifying the costs a company incurs during production.
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the market in which loans are bought and sold is called the:
Loan investments are bought and sold in the debt market, also known as the bond market.
What is the credit market like?The market where financial institutions lend money to borrowers and occasionally repackage (sell to investors) those loans: Home loan, domestic, and consumer markets In recent years, the market for consumer loans has experienced the strongest growth. Loan investments are bought and sold in the debt market, also known as the bond market. Bonds cannot be exchanged in a single physical location. Most transactions are carried out by brokers, significant institutions, or individual investors. The primary loan market is the one where loans are given to borrowers, while the secondary loan market is the one where financial institutions buy and sell these loans.
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which of the following is a reason cash flows may differ from accounting income? depreciation is a tax-deductible expense but is not a cash outlay. the total number of units sold will be different for accounting income and cash flows.
The depreciation is a tax-deductible expense but is not a cash outlay. the total number of units sold will be different for accounting income and cash flows.
A tax-deductible expense is an expense that can be legally deducted from the gross profit. This reduces your gross profit and therefore the amount of tax you need to pay. In general, the expenses necessary to run a business are very likely to be tax deductible.
All deductions are expenses, but not all expenses are considered deductions. We'll get to the point in a moment. However, deductions occur when expenses are deducted from a business owner's or individual's taxable income. This reduces the amount of tax you have to pay in a given period.
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what is financialization? what are its five facets? what are the processes and effects of these facets? explain.
Financialization is the process by which the financial sector—including financial markets, financial institutions, and financial elites—gains more sway over economic decisions and consequences. At both the macro and micro levels, financialization changes how economic systems operate.
The five main facets of finance are corporate finance, investments, financial institutions, international finance and fintech.
Finance refers to the management, creation, and analysis of money and investments. It entails the use of credit and debt, securities, and investment to fund current projects with the proceeds of future income flows. Finance is inextricably linked to the time value of money, interest rates, and other related topics because of this temporal aspect.
Finance, in essence, refers to money management and the process of acquiring required funds. Finance also includes the management, creation, and analysis of money, banking, credit, investments, assets, and liabilities that comprise financial systems. Financial services are used by both consumers and businesses to acquire financial goods and achieve financial objectives. The financial services industry is a major economic driver.
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which of the following characteristics are required for a business expense to be deductible? (check all that apply.)
Ordinary, Necessary, and Directly related to the business activity are required for a business expense to be deductible.
The deductible is the sum that must first be paid out of pocket by the policyholder before the insurance company will cover any costs. The term "deductible" can be used to refer to any one of a number of clause types that insurance companies use to set the minimum amount that must be paid under a policy.
A business is a enterprising organization or entity that engages in commercial activity. They may be industrial, commercial, or other types. Businesses that are for profit operate with the intention of making a profit, while those that are nonprofit focus on charitable purposes. The sole proprietorship, partnership, corporation, and S corporation are the four business structures that are used the most.
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on september 16, 2011, the new york times reported that the american public's approval rating of congress had sunk to an all-time low of 12%. if this were regarded as true for the population, and a poll two weeks later of 500 individuals found a proportion of 14%, we can find the value of the z test statistic using the formula: . what is the simplified numerator? please type the correct answer in the following input field, and then select the submit answer button or press the enter key when finished.
To estimate the percentage of people who at that time approve of Congress to within 3% at 95% confidence, 451 people must be surveyed.
According to the problem:
The sample size is 451, with n.
Margin of error is E=0.03
Sample Proportion P=0.12
The confidence level from the question is 95%, hence the level of significance is,
[tex]\alpha=(100-95)\%[/tex]
[tex]\alpha=5\%[/tex]
[tex]\alpha=0.05[/tex]
The critical value of, according to the normal distribution table,
[tex]\alpha/2[/tex] is,
[tex]\frac{Z\alpha}{2} =1.96[/tex]
The sample size is also mathematically denoted by the following:
[tex]n=\frac{Z_\alpha/2}{E} \times\hat{p}(1-\hat{p})[/tex]
[tex]n=(\frac{1.96}{0.03}) ^2\times0.12(1-0.12)[/tex]
[tex]n=451[/tex]
In order to determine the percentage of people who approve of Congress at that time to within 3% at 95% confidence, 451 people must be surveyed.
Any properly distributed data with any potential value for its parameters the mean and the standard deviation are represented by a normal distribution, which is a type of general distribution. The standard normal distribution, on the other hand, is a special example where the mean equals zero and the standard deviation is the unit. Because of this, we are able to use the terms normal distribution and standard normal distribution.
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Section 402A covers:
a. manufacturers.
b. retailers.
c. those who sell products out of their home.
d. all of the above
bryan's company wanted to gain a greater market share on its bicycle products so it built in greater functionality to the bikes and created an after-service customer call center. which aspect of value creation is bryan's company concerned with?
The aspect of value creation that Bryan's company is concerned with is value.
Value creation is a process where efforts and resources are transformed to create something valuable that can satisfy the need of others. Adding some value by using technology and innovation in order to enhance the quality of consumers. In the contemporary world, the main focus of any company is to provide value to the customers, society, and stakeholders through their products and services which could also value to the firm in terms of revenue and loyal customers. This also comprises short and long term value creation based on company's goals and objectives.
By building greater functionality to the bikes with the gaining in market share on bicycles, the company focuses on value.
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the critical factors necessary for successful leadership abroad have come to be known as the .
The critical factors necessary for successful leadership abroad have come to be known as the Global mindset.
Successful leadership is an important feature of an individual which gives them the power to influence popular ideologies and policies. It is very important for the political leaders to be successful leaders too in the international political and economic system so that they can induce fruitful policies and memorandums with other countries to bring more prosperity to their own nation. Global mindset refers to the popular influential qualities that tend to direct multicultural groups, organizations and the foreign diaspora. It gives an additional competitive edge to organizations trying to spread their roles in foreign world due to their accuracy and well-designed strategies.
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Refer to the complete question below:
The critical factors necessary for successful leadership abroad have come to be known as the ________.
global mindset
cultural quotient
global logistics
cultural diversity
blue water tours has paid annual dividends of $2.10, $2.12, $2.15, $2.15, and $2.22 over the past 5 years, respectively. what is the arithmetic average growth rate for these dividends? 1.08 percent 1.57 percent 1.70 percent 1.73 percent 1.41 percent
blue water tours has paid annual dividends of $2.10, $2.12, $2.15, $2.15, and $2.22 over the past 5 years, respectively. 1.41 percent is the arithmetic average growth rate for these dividends.
Arithmetic Average : The quantity obtained by adding up two or more numbers or variables and dividing by the total number of numbers or variables is known as the arithmetic mean, also known as the average or average value. Statistics place a lot of emphasis on the arithmetic mean.
Calculating the arithmetic mean is one approach. Add up all the values, then divide the total by the total number of values. For instance, add the numbers together if there is a group of "n" numbers, for instance: a + b + c + d and so on. The sum is then divided by "n." The total number of values in a given set divided by the sum of all the values is how an average is calculated. The arithmetic mean is another name for it.
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What is the eventual effect on real gdp if the government, instead of changing its spending, increases transfers by $80,000? assume the mpc has not changed.
Before taking inflation into account, nominal GDP takes the raw data in current dollars. By modifying the data and setting the currency's value, real GDP removes any distortion caused by inflation or deflation.
How can I determine actual GDP?Usually, the GDP deflator is multiplied by nominal GDP to calculate real GDP (R). For instance, if a nation's economic prices have increased by 1% since the base year, the deflationary number is 1.01. Real GDP is calculated as nominal GDP multiplied by 1.01, which equals $990,099 in this case.
Given that,
(a). Increase in government spending of $80,000
Marginal propensity to consume (MPC) = 0.75
Real GDP= [tex]\frac{1}{1- MPC}[/tex] x Government Purchases
= [tex]\frac{1}{1 - 0.75}[/tex] X 80,000
= 4 X 80,000
= $320,000
A $320,000 rise in Real GDP results as a result.
(b). In the event that transfers rise by $80,000
MPC = 0.75 (MPC doesn't change)
Real GDP= [tex]\frac{MPC}{1- MPC}[/tex] x Government Transfers
= [tex]\frac{0.75}{1-0.75}[/tex] X 80,000
= 3 X 80,000
= $240,000
The total change in real GDP is therefore $240,000. As a result, real GDP grows by $240,000.
(c). The figures above make it quite evident that an increase in government transfers or taxes, as opposed to an increase in government spending, will ultimately have a smaller impact on real GDP.
$240,000 is the change in real GDP caused by an increase in government transfers.$320,000 is the change in real GDP caused by an increase in government purchases.Learn more about Real GDP: https://brainly.com/question/15682765
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The correct question is:
What is the eventual effect on real GDP if the government increases its purchases of goods and services by $80,000? Assume the marginal propensity to consume (MPC) is 0.75. $ What is the eventual effect on real GDP if the government, instead of changing its spending, increases transfers by $80,000? Assume the MPC has not changed. $ An increase in government transfers or taxes, as opposed to an increase in government purchases of goods and services, will result in an identical eventual effect on real GDP. a smaller eventual effect on real GDP. a larger eventual effect on real GDP. no change to real GDP.
how long will it take an investment to double in value if the interest rate is 10% compounded continuously? (round your answer to two decimal places.) yr (b) what is the equivalent annual interest rate? (round your answer to two decimal places.)
The time period of the investment to double the value will be 6.93 years and equivalent annual interest rate will be 10.52%.
Compound Interest is the type of interest at which any individual lends money to the borrower in which the amount after one year becomes principle for the second year. Since, the interest is compounded continuously, the formula for amount is given as
[tex]A = Pe^rt[/tex]
where A is the amount, P is principle, r is rate of interest and t is time. Now, the amount gets double the principle that is A = 2P and r = 0.1
[tex]2P = Pe^{0.1t}[/tex]
[tex]2 = e^{0.1t}[/tex]
Taking log on both sides
ln(2) = 0.1t
t = ln(2)/0.1
t = 6.93 year that is time is 6.93 years.
Now, the formula for equivalent annual interest rate is given as
[tex]2 = (1 + I)^t[/tex]
where I is interest rate and t is time = 6.93.
[tex]2 = (1 + I)^{6.93}[/tex]
[tex]2^{0.1443} = 1 + I[/tex]
1 + I = 1.1052
I = 1.1052 - 1
I = 0.1052
I = 10.52% that is Interest rate is 10.52%
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jolanta has been working on implementing new policies on the plant floor designed to improve safety. now that the new policies have been implemented, what is jolanta's last step. according to the rational decision-making process?
Jolanta's last step according to the rational decision-making process would be to review her decision and its consequences.
Determining a decision, collecting data related to it, and measuring the potential solutions are all steps in the decision-making process. This strategy raises the chance of selecting the solution that will satisfy you the most. Consider the outcomes of your choice and assess whether or not they have met the need you specified in Phase 1 in the last step.
You, as the maker of the decision, should always go through the procedure and steps again to reach a different option in case the current choice does not satisfy the indicated need. For instance, you could want to collect data that is more detailed and accurate or significantly different or consider more options.
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What do local and state governments do to attract local businesses and stimulate the local economy?.
Local and state governments have a direct impact on the local economy by encouraging business registration and job creation, encouraging sustainable growth by providing work opportunities to private businesses like construction contractors and IT workers, and providing modern internet access.
The federal government provide grants, contracts, and small business loans to aid small businesses to get initiated. Grants are financial aid that doesn't need to be paid back, while loans need repayment with interest.
Several federal agencies aid small businesses. Entrepreneurs might constantly question where they can try or the application guidelines. Federal contracting is a rigorous process that requires large-scale planning and preparation.
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to be effective, a leader must understand the aspects of the organization such as values, attitudes, and personalities. multiple choice cognitive behavioral informal formal
To be effective, a leader must understand the informal aspects of the organization such as values, attitudes, and personalities.
What is informal organization?The social network that underpins everyday interactions between individuals is known as the informal organization. Work gets done and relationships are formed among persons who have a common organizational affiliation or cluster of affiliations through an amalgam of norms, personal connections, and professional connections. It is made up of a dynamic collection of interpersonal connections, social networks, groups of people who share interests, and emotional drives. Both the informal organization and its members' intricate social dynamics change over time.The nature of the informal organization becomes more distinct when its key characteristics are juxtaposed with those of the formal organization.Key characteristics of the informal organization:
evolving constantlygrassrootsdynamic and responsiveexcellent at motivationrequires insider knowledge to be seentreats people as individualsflat and fluidcohered by trust and reciprocitydifficult to pin downcollective decision-makingessential for situations that change quickly or are not yet fully understoodTo be an effective leader, you must understand your own motivations, strengths, and weaknesses. Effective leaders related with their team by facilitating open communication, encouraging employee growth and development, and giving and receiving feedback.The informal aspects are the focus of the interdisciplinary, which is dedicated to better understanding and managing people at work.To learn more about informal organization, refer to
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demand is said to be inelastic when group of answer choices a reduction in price results in an increase in total revenue. a reduction in price results in a decrease in total revenue. an increase in price results in a reduction in total revenue. the elasticity coefficient exceeds one.
Demand is referred to as being inelastic when a price decrease results in a decrease in overall revenue.
Inelastic demand is when a customer's desire for a product does not change as much as a product's price changes. When prices increase by 20% and demand decreases by just 1%, the demand is said to be inelastic. Common household products and services are a common source of this issue.
Producers have the option of charging high prices for goods with inelastic demand or low prices for those with elastic demand. As a result, management must be aware of demand elasticity in order to optimize profit.
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true or false: on a scatter diagram, the estimated line of cost behavior is the best variable fit, so it is easy to determine.
The estimated line of cost behavior is the best variable fit on a scatter diagram, making it simple to detect that it is wrong.
Describe the scattergraph approach.Only the highest and lowest levels of activity are taken into account by the scattergraph method. Once more, the objective is to create an estimate of fixed and variable expenses in the form of the equation Y = f + vX.Variable cost: -Changes in total in direct proportion to a change in activity level (or cost driver); -Variable cost per unit stays the same as activity changes. Costs with Step Variation. -Costs that rise almost continuously, but in discrete steps rather than all at once.The estimated line of cost behavior is the best variable fit on a scatter diagram, making it simple to detect that it is wrong.To learn more about Scattergraph method refer to:
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