Q: Explain how two companies in the same area, hiring identical workers, could pay them different…
A: There are many factors that will be the deciding factor for salary imposition, it can be either the…
Q: 1. The following is cost information for the Creamy Crisp Donut Company. Entreprencur's potential…
A: An economic profit is the difference between the revenue a commercial entity has received from its…
Q: Cindy is a baker and runs a large cupcake shop. She has already hired 11 employees and is thinking…
A: The law of diminishing return states that as a firm employs more and more of a variable factor of…
Q: The entry effect refers to: the number of immigrants that end up returning to their home country the…
A: The entry effects refers to the number of Canadians who experience job loss because of an inflow of…
Q: Managerial economics as tools for decision making. Discuss
A: We’ll answer the first question since the exact one wasn’t specified. Please submit a new question…
Q: Fast is an American car company. Fast discovered important differences in the attitudes of people in…
A: When developing and implementing a company's marketing strategy, it's critical to include social and…
Q: What does the assumption of market clearing imply (Explain)
A: “Since you have asked multiple questions, we will solve the first question for you. If you want any…
Q: The manager of XYZ company is trying to increase the sale of a product by developing plans that will…
A: The marketing strategy outlines the target segment of the population, the advertisements, and the…
Q: Efficiency of labour depends upon: (a) Skill (b) Physical strength (c) Training (d) All of the above
A: # in an economy the role of efficiency be it in the case of resources or labour is very important.…
Q: There will always be people out of work. True or false
A: The statement that there will always be people out of work is true.
Q: Discuss how the concept of incentives and negative incentives can be used to improve performance of…
A: Positive incentives and Negative incentives: Positive incentives are the rewards offered to induce…
Q: 1.The hiring of labour with fixed factor of production under short run after sometimes leads to…
A: The concept in economics that explains this situation is the law of variable proportions which…
Q: Cindy is a baker and runs a large cupcake shop. She has already hired 11 employees and is thinking…
A: 1.Yes
Q: What role does unpaid necessary labor play in the capitalist system?
A:
Q: A professional basketball players' union negotiates a contract that dramatically increases all…
A: The opportunity cost is the benefit of the next best alternative that is given up.
Q: A company hires you as an HR consultant to guide the company about its change process from…
A: In a team-based organizational structure, all employees are given importance. Employees have more…
Q: Which of the following is correct with regard to job specialization? a. Its application is limited…
A: When employees gain experience, knowledge, and education in a specific area of expertise, it is…
Q: Kinds of technical progress that relates to the way factors are combined together in the workplace,…
A: The technical progress perform may be a a part of a economics growth model that accounts for the…
Q: 1. Describe the scope of the material Managerial Economics and explain what benefits can be obtained…
A: 1. Concept One such economic notion is managerial economics. It is described as the application of…
Q: A firm can hire as much labor as it wants at $5 per hour. In return, each worker pro- duces 10 units…
A: a) The cost per labor is $5 and each labor produce 10 units of output that are sold at price = $2.…
Q: This question is under the Microeconomic Analysis topic. (a) How does economics describe or define…
A: Microeconomics refers to the branch of economics that studies the behavior of a single person or…
Q: Summarize Empowering labor
A: Empowering the labor is a concept under employee empowerment which is described as the way in which…
Q: Employees under non-fixed term contracts are not entitled to a wage or a salary. * O True O False
A: Employees under non fixed term contracts are entitled to a wage or salary. Therefore, this statement…
Q: Having a marginal product of labor that increases over low levels of employment is common in this…
A: Option B) often it has to do with specialization- workers are able to divide up tasks and be more…
Q: Look at the Data Below then answer/calculate the totals in the questions that follow. (Show…
A: Note:- Since we can only answer up to three subparts, we'll answer first three. Please repost the…
Q: re important than quality, but quality is the best way to reduce cost. 2.Why must entrepreneurs need…
A: When different qualities of the product are considered to be important, the price could only be used…
Q: WHICH OF THE FOLLOWING CONCEPTS OF PROFIT TAKES INTO ACCOUNT THE OPPORTUNITY COST OF CAPITAL A.…
A: The basic formula to determine pofit is: Profit=Total revenue-Total cost
Q: Explain how you can make sure that workplace resources are used in an efficient, cost-effective, and…
A: The global markets are now highly competitive and businesses need to save every penny and invest…
Q: Industry (National Level, HR Specialist job) Arts and Entertainment (A) $57,790 Construction (B)…
A: The relative pay difference represents the difference in the average earnings of the people in two…
Q: A carpenter quits his job at a furniture factory to open his own cabinetmaking business. In his…
A: Given, Average sales per year= $100,000 Average operating cost per year= $70,000
Q: Lower corporate tax rates Oa) increase the incentives for corporations to undertake activities that…
A: Taxes are collected by the government in power. Taxes act as revenue for the government.
Q: A factor of production, whose supply is fixed in the short run, may get additional earnings. These…
A: To find : What is these type of earning called.
Q: 1. Mkt. for IT specialists. The war in Ukraine has driven many highly qualified IT specialists into…
A: The question is related to the basics of the demand and supply model. Answers are as follows:
Q: The marginal productivity of the third worker is (a) 30 (b) 40 (c) 50 (d) 90 (2)The average…
A: Since you have posted a question with multiple sub-parts, we will solve the first three sub-parts…
Q: 1. Describe the scope of the material Managerial Economics and explain what benefits can be obtained…
A: One of the most crucial aspects of company is materials management. There really is no consensus on…
Q: Marginal Product of Labor Value of Marginal Product of Labor Marginal Profit Labor Output Wage ---…
A: In the give table, cell BB represents the value of marginal profit corresponding to output level of…
Q: The first 3 columns of the following table show data for a representative firm in an industry. The…
A: Marginal product of labor is the change in output resulting from employing an additional unit of…
Q: Cosidering that benefits can be quite expensive for an employer, please explain how benefits can be…
A: While numerous organizations comprehend the significance of strategic planning and invest a lot of…
Q: The total cost of producing Q units of a given product is given by TC = 500+ 4Q2-12Q. Compute…
A: Given information TC=500+ 4Q2-12Q.
Step by step
Solved in 2 steps
- Which external sources of recruitment are commonly used by the big enterprises that you believe are more effective and less effective to acquire new talent/employee. Explain your answer. (the following external sources of recruitment that are commonly used by the big enterprise are listed in the picture)A company hires you as an HR consultant to guide the company about its change process from bureaucratic to team-based organizational structure. What advice you will give to this company? a. Increase the centralization of decision making b. Increase the managerial levels and more supervision c. Design jobs with less autonomy d. Design jobs based on higher autonomyLook at the Data Below then answer/calculate the totals in the questions that follow. (Show Workings) Entrepreneur's potential earnings as a salaried worker = $50,000 Annual lease on building = $22,000 Annual revenue from operations = $380,000 Payments to workers = $120,000 Utilities (electricity, water, disposal) costs = $8,000 Entrepreneur's potential economic profit from the next best entrepreneurial activity = $80,000 Entrepreneur's forgone interest on personal funds used to finance the business = $6,000 Answer these questions directly: a) Creamy Crisp's explicit costs are: b) Creamy Crisp's implicit costs (total) are : c) Creamy Crisp's total economic costs (explicit + implicit costs) are: d) Creamy Crisp's accounting profit is: e) Creamy Crisp's economic profit is: f) If Creamy Crisp's revenue fell to $286,000, what is the new accounting profit and the new economic profits?
- WHICH OF THE FOLLOWING CONCEPTS OF PROFIT TAKES INTO ACCOUNT THE OPPORTUNITY COST OF CAPITAL A. MANAGERIAL PROFIT B. FINACIAL PROFIT C. ECONOMIC PROFIT D. ACCOUNTING PROFITMost societies are driven to make a profit. What is profit? Profit is the amount of money allotted for an item. Profit is someone that spends money on goods and services. Profit is revenue minus loss. Profit is the total amount without any deductions.Which of the following is correct with regard to job specialization? a. Its application is limited to factory work. b. It makes it more difficult to replace people who leave the organization. c. All of these are correct. d. It is a new idea. e. It is a natural part of organizational growth.
- Make essay/report for organizational behavior class. Explain and describe what is organizational behavior and why we need it; Explain implications of demographic and cultural diversity for organizational behavior; Explain the challenges of managing a multicultural workforce; Explain person–job fit and work behaviors ; explain person–organization fit and work behaviors. Describe the link between values and individual behavior ( Big five personality traits; meyers-briggs type idicator); Explain work attitudes that affect work behaviors. List the key set of behaviors that matter for organizational performance; Explain the role of motivation in determining employee performance. Explain how to increase the motivating potential of a job, understand why goals should be SMART; *** Include real-world examplesEntrepreneur's potential earnings as a salaried worker = $50,000 Annual lease on building = $22,000 Annual revenue from operations = $380,000 Payments to workers = $120,000 Utilities (electricity, water, disposal) costs = $8,000 Value of entrepreneur's talent in the next best entrepreneurial activity = $80,000 Entrepreneur's forgone interest on personal funds used to finance the business = $6,000 Creamy Crisp's explicit costs areIn one way or another, most large companies sell to ________. Select one: a. other organizations b. not-for-profit companies c. employees d. consumers
- In the USA, what percentage of total employment in SMEs have fewer than 20 employees? A. under 20% B. 50% C. 60% D. over 80%Which of the highest-paid CEOs in US businesses are involved in healthcare or related industries (insurance, pharmaceuticals, etc).In at least two paragraphs, tell the class what you've learned in Business 101 and how this will make you a better professional. Business 101 includes; basic and concept of business such as revenue,profit. basic and concepts of economic and business evironment. Basic marketing Business Planning Thanks.