Mr.Tariq is an expert in processing packaged water bottles. The standard time given is 16 hours to complete, which he completes in 14 hours. As per his agreement he will get 2.000 OMR for each hour of work. Calculate his earnings under the Rowan plan. A) 17.5 Rials B) 33.8 Rials C) 27.8 Rials D) 31.5 Rials Which is correct one
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Mr.Tariq is an expert in processing packaged water bottles. The standard time given is 16 hours to complete, which he completes in 14 hours. As per his agreement he will get 2.000 OMR for each hour of work. Calculate his earnings under the Rowan plan.
A) 17.5 Rials
B) 33.8 Rials
C) 27.8 Rials
D) 31.5 Rials
Which is correct one?
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Solved in 4 steps
- With respect to cost efficiency, if we are getting a dollar's worth of work done for each dollar spent: CPI will be 1 CV will be 0 both above neither of the aboveA.1 TRUE OR FALSE QUESTIONS1. If a company does not achieve its objective, it is effective not efficient. a. a. TRUE b. FALSE2. Two managerial functions identified by the French Industrialist, Henry Fayol in the early 1900s are planning and control.a. a. TRUE b. FALSE3. Hnri Fayol, a French man, was the first to issue a complete statement on a theory of general management?a. a. TRUE b. FALSE4. A Philosophy that sought to increase productivity and make the work easier by scientifically studying work methods and establishing standards was the brain child of Hnri Fayol.a. TRUE b. FALSE5. Elton Mayo is best associated with the Hawthorne studies which were conducted at the Hawthorn plant of Western Electric in Cicero, Illinois?a. TRUE b. FALSE6. By definition, an objective deal with achieving a measurable result with due regard to time.a. TRUEb. FALSE 7.8.9.There are two types of knowledge: implicit knowledge and tactical knowledge. a. TRUE b. FALSE“Satisficing” involves finding a solution…A sheet metal operator is told that his standard is 1.875 hours per 100 units. If his wage is $16/hour and he makes 800 units in 12 hours, what are his earnings? (use incentive method)
- Please answer all subparts questions. Thank you Schedule D: Suppose the regular rate of production is 700 units per period. Further, you are allowed to produce 100 units during each of the periods 3,4, and 5 on an overtime basis, but the subcontractor has gone out of business. You can hire two temporary workers during the periods 3, 4, and 5. Each worker can produce 50 units per period at the regular cost. But it costs $200 to train a worker and check the quality of the product during each of the three periods. (23) The back-order cost for the fifth period is: (a) $200 (b) $400 (c) $500 (d) $1000 (e) none of the above (24) The total cost of meeting the demand is: (a) $17,700 (b) $18,900 (c) $18,300 (d) $17,200 (e) none of the above (25) Which of the following options would help the manager in minimizing the total costs? (a) Regular time production only (b) Combination of regular and overtime production (c) Combination of regular and overtime production, and subcontracting (d)…Mr. Hussain is an accountant, Ms. Saada is the Product manager, Mr. Said is the company driver, while Ms. Thuraya is the sales agent in Kia Motors Nizwa. If the company had authorized of these staff to spend the company money to bring in more revenue for the company, who do you think it will be? a. Thuraya b. Said c. Saada d. HussainTime management is a critical aspect of effective planning. Whether in the context of daily routines, project deadlines, or long-term goals, the ability to manage time efficiently can significantly impact one's productivity and overall success. Planning time involves prioritizing tasks, setting realistic deadlines, and creating a schedule that allows for focused work and necessary breaks. The key is not just to be busy but to be productive, and effective time management is the cornerstone of achieving this balance. Question: What is a crucial aspect of time management in effective planning? a) Focusing solely on being busy b) Setting unrealistic deadlines c) Prioritizing tasks d) Avoiding breaks during work
- Choose the one correct answer Which of the following activities should be reduced or eliminated in order that manufacturing efficiency increases?A. Training of LaborersB. Moving time of work-in process materials from one work station to another.C. None of the above.D. Amount of time consumed by a laborer to add new features to the product. All are financial measures, except:Reduction of past due accountsEarnings per shareMarket shareRevenue growthThe best talent can be recruited by officer development program (ODP). Further, the talent should also be maintained to produce company productivity. b. Dedicated to maintain best talent recruited by ODP, is it better to conduct on-the job or off-the job training? Why?Calculating Future Values Compute the future value of $1,000 compoundedannually fora. 10 years at 5 percent.b. 10 years at 10 percent.c. 20 years at 5 percent.d. Why is the interest earned in part (c) not twice the amount earned in part (a)?
- Suppose the military bureaucracy consistently misinforms Congress on the total costs of producing militaryhardware. Assume that it underestimates the actual costs and that the political representatives believethese estimates. Show how this is likely to cause a loss in efficiency. Show the efficient output of militaryhardware, the output desired by the military bureaucracy, and how the output chosen will differ from the efficient output even if Congress attempts toachieve efficiency. In your answer, assume that the military seeks to maximize the size of its budget.This is actually my 7th time asking this question; please help me with this. I'm begging you. Analyze the situation below and think of probable reasons for its failure. “The Boston Consulting Group 2020 reports involving 5 companies publicly listed in the Philippines since 2009. The said group claims that today almost one-tenth of all public companies fail each year.” 1. Was it easy/hard to identify the reasons why businesses fail? 2. Do you think manpower failure contributes to company failure? Justify your answer. 3. What kind of manpower is needed to make business more effective?Explain very briefly.Which of the following options is correct regarding labor supply Select one or more options: -The fact that individuals come together and form a monopson means that they can increase their wages at any given labor demand. -A higher salary will always lead to the individual wanting to work more -The "backward-curved" curve for the individual's labor supply is due to the fact that we have a limited amount of time per day that we can work. -The individual's choice of the amount of working time depends on how the individual values consumption and leisure time, respectively