Q: The idea that management was a set of consistent skills that could be learned and taught is…
A: Before the mid-1900s, there was no management hypothesis as we consider it today. Work occurred as…
Q: Discuss the significance of the study of business economics to every manager.
A: business economics helps a manager to take decisions and solving the problem in day to day life of a…
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A: Total cost is the sum of fixed cost and variable cost. TC = FC + VCMC = TCn-TCn-1
Q: How does revenue data relate to the real world of business in relation to managerial economics?
A: Managerial economics refers to the segment of economics where various economic methods are employed…
Q: What is the marginal cost of capital?
A: Marginal cost denotes an addition to the total cost that incurred in the process of producing an…
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: How do you apply managerial decisions to production decisions?
A: Decision making is significant for maintaining a business undertaking which faces countless issues…
Q: What are the characteristics of the 4 types of market structure? What is the example for the company…
A: In economics, market structure refers to how different industries are classed and distinguished…
Q: Administrative Office Management is used in Economics?
A: Office management is the strategy of arranging, putting together, planning and controlling office…
Q: What in your view has led to an increase in the level of organisational competitiveness in modern…
A: Different economic enterprises compete for commodities that are limited by adjusting the parts of…
Q: looking at the functional HR strategy that Nestle use to implement their Pet Food strategy, what was…
A: Introduction The corporate structure of Nestle Purina has a matrix structure. This means there are…
Q: What are Positive Economic Profits?
A: For understanding the meaning of positive economic profit, we will first look into the concept of…
Q: . Which of the following is NOT the assumption of the Marginal Productivity Theory of Distribution?
A: To find : Which is not assumption of marginal productivity theory of distribution.
Q: Explain the Economic Function of the Entrepreneur
A: Economics studies how resources are allocated in a manner that most of the human wants are met. A…
Q: Profit is the return to entrepreneurship. True False
A: Profit is the income earned after the deduction of total expenses from the total revenues of the…
Q: What were the the main influences on organizational structure during the 20th century? Describe one…
A: Main influences on organizational structure during the 20th century are 1.Modernisation…
Q: Is it true that lean management has a tendency to disregard certain factors of organizational…
A: The creation of value is central to lean management. Anything that does not fall under the category…
Q: What is the main concern of Henri Fayol's Management Theory? How does his theory differ from that of…
A: Some of Weber's ideas were included into Fayol's theories. Fayol, unlike Weber, was concerned about…
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…
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A: It is important that luke understands the importance of technology to increase efficiency. I would…
Q: What are the arguments for and against making a distinction between leaders and managers?
A: Many wonder about the differences between a leader and a manager. This is a current topic of debate…
Q: Which of the following qualities describe entrepreneurs?Choose one answer.a. Innovators b. Risk…
A: Entrepreneurs have to be innovative to succeed and introduce their product in the market where there…
Q: Despite all of the changes in the business environment, the basic way a manager performs his or her…
A: With dynamic business environment and change in patterns of consumption and trade, the manager…
Q: Which of the following is NOT the assumption of the Marginal Productivity Theory of Distribution?
A: To find: Which of the following is NOT the assumption of the Marginal Productivity Theory of…
Q: What is the difference between Karl Max and Adam Smith in term of division of labour?
A: The separation of a work process into a number of jobs, each of which is carried out by a different…
Q: what is the hierarchy of research ? explain it in clear points
A: Research refers to the scientific enquiries of certain field that helps to describe, explain,…
Q: In the USA, what percentage of total employment in SMEs have fewer than 20 employees? A. under 20%…
A: In the USA, the major part of the SMEs are having fewer then 20 employees. This accounts for around…
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: Your friend is a Vice President of HR. He says, “Most CEO’s, when asked by the Board of Directors to…
A: It is given without being said that everyone, if they are being paid well and are willing to work,…
Q: Why is most business activity conducted today in hierarchical organizations rather than in markets
A: Hierarchial organizations are those which are organized in a manner in which we can go from top to…
Q: Differentiate the following: Entrepreneurship vs. Employee
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Q: Explain the characteristics of command economic system
A: The command economic system is a type of economic system where government takes all relevant…
Q: Find 10 problems related to managerial cost and solve
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Q: discuss/explain Transformational leadership.
A: Meaning of Managerial Economics: The term managerial economics refers to the process of a…
Q: what is the meaning of returns in "returns to a factor"
A: # We know well in long run, even the fixed factor of production also becomes variable. And thus…
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: What is Base-Case Analysis?
A: In the financial model, while the process of inputting data, there would have been several…
Q: Define the term, "human capital."
A: We all know that better education, advance training, skills and expertise gained through…
Q: Give an example of a good research interview question. What makes it good/effective? Explain.
A: Research:- "Creative and organized activity performed to boost the reservoir of knowledge" is what…
Q: what do you understand by equi marginal principal? explain
A: Equi marginal principal has been explained as follows
Q: What is division of labour? Discuss some of the types of division of labour?
A: In any economic system or organization, the division of labor is the separation of tasks so that…
Q: Define resources. Discuss the differences between human and capital resources, and give three…
A: Personnel is the people or individuals employed in the company in exchange for a fixed payment.
Q: As an organizational asset, human capital is easier to measure than financial capital. True or…
A: Endogenous theory by Paul Romer brought human capital into the parameters of growth for the first…
Q: One of the most fascinating aspects of research is its omnipresence. What does this statement mean?
A: The research is basically defined as an investigation which is undertaken to study various sources,…
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- How does the theory of the firm provide an integrated framework for the analysis of managerial decision making across the functional areas of business?What is the Importance of managerial economics as an accountant and as a studentWhat is the relationship between average production and managerial production?
- How can a managerial econmist help in operations of: (a) a service organization; (b) manufacturing; (c) an agricultural - based company.Is it true that lean management has a tendency to disregard certain factors of organizational efficiency? Assuming that's true, what are the potential negative consequences of these methods that might really undermine the efficiency of your company?How does the demand side of market relate to the real world of business in relation to managerial economics?
- What is the main concern of Henri Fayol's Management Theory? How does his theory differ from that of Max Weber'sWhat are ways that change can be managed to reduce the level of anxiety experienced by organizational participants? are there times when uncertainty and anxiety about change might be a good thing ?In making managerial economic decisions, which of the following should an effective manager consider? a. the total explicit costs and revenue of the firm tb he total opportunity costs of production c. the total revenue of the firm only. d. accounting profit only