Scientific management influences current organizations by emphasizing the rational organization of work and the need for employee selection and training.
What is scientific management?It is a theory proposed by Taylor on the rationalization of work through the study of time, to generate greater optimization of spaces, movements and standardization in the organization, increasing the systematization of the processes that would generate the ease in the execution of the work, the reduction of time and waste.
Therefore, current organizations are influenced by scientific management due to the appreciation of human capital in the competitive environment, with the need for employee specialization and training to maintain innovation and market positioning.
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PLEASE HELP WITH THIS DISCUSSION PLEASE
Today, money comes in many different forms. When you go to purchase something at a store, you pay money in the form of cash, a check, a credit card, or a debit card. Some people even have payment apps on their smart phones.
Now imagine paying for a pizza with seeds ... yes, seeds. What if everything was paid for by using seeds? How would this change the world we live in?
In Holland during the 1600s, tulip bulbs were very valuable. So valuable, in fact, that they were sometimes used as money. Try to imagine a tulip bulb, the seed of a tulip, being worth 4,000 gold pieces. During this time in history, tulip bulbs in Holland were more valuable than some homes. From our modern perspective, this sounds ridiculous. However, it is true.
Identify at least three potential problems with using tulips as a form of currency.
Three potential problems with using tulips (commodity) as a form of currency are Deterioration, Bulkiness, and High opportunity cost due to their inherent value.
What is a commodity as a form of currency?
Commodity money is a physical good with 'intrinsic value.' This implies that the commodity can be used outside of its use as money.
Some historic commodity currencies included:
AlcoholCocoa beansCopper, Gold, SilverSaltSea shellsTeaTobaccoTulips.While commodity money is durable, divisible, easily exchangeable, and rare, they are subject to the following disadvantages:
Deterioration.Bulkiness.Indivisibility.High opportunity cost due to its inherent value.Subject to supply and demand.Thus, three potential problems with using tulips (commodity) as a form of currency are Deterioration, Bulkiness, and High opportunity cost due to their inherent value.
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A. Management by objectives helps implement goal setting theory. Set two objective, measurable goals for an employee who works in your flower store, or your liquor store.
B. Are unions a good idea for Starbucks employees? Why or why not?
Two objective, measurable goals for an employee who works in my flower store are:
To fulfill the customer wants and give them better product.To increase sales and revenue by 10%.Union is a good idea for Starbucks employees because they can fight for the right of the employees and help to bargaining for a contract with company lawyers.
What is goal setting theory?The goal setting theory explains the goal setting and how it is been linked to task performance.
This stressed about specific and challenging goals and how appropriate feedback brings about as well as better task performance.
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Gary's wife died last year, so he has been raising his three children on his own. When he files his taxes this year, which tax status will best fit his
situation?
OA single
OB. widow/widower
OC. married, filling jointly
OD. married, filing separately
If he he files his taxes this year, the tax status that will best fit his situation is:widow/widower.
What is tax?Tax can be defined as the amount a person or a tax payer files or remit to the government.
Based on the given scenario if his wife died last year which means that when he files his taxes this year the tax status that will best fit his situation will be a widower.
Therefore Gary is a widower.
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Time Left:Time Exceeded
Michelle Freitas: Attempt 1
Question 1 (5 points)
Why do flights have layovers?
To improve landing times
To distribute flights to the big city hubs
To generate more lost luggage
To introduce passengers to flights to different cities in the hub-and-spoke model
Question 2 (5 points)
Airport security checks are designed to
O frighten foreign travelers.
To what extent is there anything positive to be said for bureaucratic structures? Select a large-scale organization of your choice and suggest ways in which it displays characteristics of a bureaucracy
Answer:
Even though the bureaucratic structure has received a lot of criticism, it has some advantages. Accountability, predictability, structure and job security are just a few to mention. Furthermore, a bureaucratic culture is based on impersonal relationships, discouraging favoritism
Which metric would you focus on improving?
The metric that would be needed to improve in the customer service metrics would be C. Escalations.
What is Customer Service?This refers to the means of complaint that users of a product or service can reach out to and get a resolution of conflict with regards to the product or service.
Hence, we can see that based on the given diagram, it is clear that from the monthly goals, escalation is the lowest as it stands at 9%, therefore, it needs to be improved.
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People over age 50 control ____
of the wealth in the U.S.
Answer:
yes it is correct answer
what is a desirable characteristic when choosing a line of credit
Desirable characteristics while choosing a line of credit is:Reward program : By using Reward program's online shopping mall points can be redeemed for merchandise.So , if rewards program is good then you can choose a line of credit.Hence, first Option is correct.
Based on the above information, what is the Enterprise Value of Alibaba Group Holding Limited? Be sure to write down your answer, as you'll require it to calculate the next question's answer.
The Enterprise Value of the Alibaba group from the given information will amount to $563,381.
What is Enterprise Value?The Enterprise Value can be regarded as a measure of a business' total value. It is the summation of all the creditors and equity holders at the company's end.
Using the formula and the given information, the Enterprise Value can be calculated as,
[tex]\rm Enterprise\ Value= Market\ Capitalization\ + Debt - Cash\ Balances\\\\\rm Enterprise\ Value= 721195\ - 157714\\\\\rm Enterprise\ Value= \$563,481[/tex]
Hence, option C holds true regarding the Enterprise Value. The complete question has been attached with an image.
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Please help me answer the attached case study questions
The apology of Mr. Kevin Johnson showed that it was rooted in ethics and morality and it was greeted with a mixed reaction as people were both happy, but uncertain if he meant what he said.
What are Company Values?This refers to the set of ethics and principles that guides a company and its relation to staff and customers for a better work environment and to meet company set goals.
Hence, we can see that Mr. Johnson accepted personal responsibility for the actions of the store manager and closed down over 8,000 Starbucks stores in order to educate their staff on unconscious bias.
The questions are:
Did Johnson openly acknowledge that his decision was based in ethics and morality? Did his apology and actions promote awareness of an ethical issue? Did it create a positive or negative difference in the communities Starbucks serves? Did it make a positive or negative difference for Starbucks employees and customers?Read more about company values here:
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Marco Company shows the following costs for three jobs worked on in April. Job 306 Job 307 Job 308 Balances on March 31 Direct materials used (in March) $ 26,000 $ 41,000 Direct labor used (in March) 22,000 15,000 Overhead applied (March) 11,000 7,500 Costs during April Direct materials used 137,000 220,000 $ 120,000 Direct labor used 102,000 153,000 100,000 Overhead applied ? ? ? Status on April 30 Finished (sold) Finished (unsold) In process
Based on the cost of production by Marco Company, the overhead applied to the jobs are:
Job 306 - $51,000Job 307 - $76,500Job 308 - $50,000What are the overheads applied?The overhead applied for Job 306 in April is:
= Direct labor cost x 50%
= 102,000 x 50%
= $51,000
The overhead applied for Job 307:
= 153,000 x 50%
= $76,500
The overhead for Job 308:
= 100,000 x 50%
= $50,000
Rest of the question is:
Predetermined overhead rate is 50% of direct labor cost.
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A production possibilities frontier (PPF) that is a straight-line sloping down from left to right would suggest that:
A production possibilities frontier (PPF) that is a straight-line sloping down from left to right would suggest that: the opportunity costs of the products are constant.
What is opportunity Cost?Opportunity cost is an amount of money or satisfaction that an individual is willing to let go.
This is done in other to choose another product with more benefits that the previous one.
It is constant when the slope moves to the right side of the graph
Therefore, A production possibilities frontier (PPF) that is a straight-line sloping down from left to right would suggest that: the opportunity costs of the products are constant.
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Corporate culture is important to have in an organization which jf the following is a readin why corporate culture is important
Corporate culture is important as it guides how the workers in a company act and think.
What is corporate culture?It should be noted that corporate culture simply means the behaviors that determine how the employees of a company interact.
In this case, corporate culture is important as it guides how the workers in a company act and think.
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in insurance Dishonest tendencies that increase the probability of loss are what types of hazard?
Moral hazards are the insurance Dishonest tendencies that increase the probability of loss.
What is a moral hazard?This is a term that is used to refer to a type of hazard that happens based on the fact that person has risks that could have a negative effect on another.
When the person does not ,make decisions based on what is right but rather on what they hope to give them the greatest benefit.
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What is one major problem created by globalization?
O A. An increase in international shipping has led to more pollution.
B. Fewer workers are able to get an education related to their jobs.
C. Military conflicts between powerful nations have increased.
D. It has become more difficult to get products made in other
countries.
SUBMIT
Practical wisdom is a matter of following the rules in ethics.
O True
OFalse
Answer:
true
Explanation:
Match the categories in the first column with examples in the second column. 1. Good for watching movies smart phone 2. Maximum power with small size PDA 3. Older style mobile devices that may or may not have Internet connectivity tablet computer
The categories are being matched with the examples are as follows:
Good for watching movies should be matched with the tablet computer.Maximum power with a small size matched with a smartphone.Older style mobile devices that may or may not have Internet connectivity matched with PDA.What is an electronic device?An electronic device is a component through which the information is processed due to the flow of electric currents.
The tablet computer is a device used to watch movies and many other related tasks it can perform.A smartphone is a device which is having a minimum size with maximum power in it.PDA stands for Personal Digital Assistant in which the internet connection may or may not be present and are the older devices.Therefore, the provided examples are clearly matched with the categories.
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One week, Rachel earned $250. She spent $120 on food, $30 on miscellaneous items, and saved the rest.
If Rachel makes a pie chart showing how she spends her money, the central angle for the food sector would be
If Rachel makes a pie chart showing how she spends her money, the central angle for the food sector would be 172.8°
Calculations and ParametersGiven that the total angle in a pie chart is 360°
360° = $250
? =.$120
To find the degree/angle that would be used for a $120 spend would be
120×360= 43200
43200÷250
=172.8°
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Knowledge of which of the following
types of funding is required for an
agricultural management position?
A.
Crowdfunding
B. Micro loans
C. Vertical integration
D. Government grants
Government grants i the type of funding required for an agricultural management position.
What is a grant?Grant is like a sum of money given by an institution or government agencies for a particular purpose.
The aim of the grant is to support a particular course or fund a project.
Hence, government grants is the type of funding required for an agricultural management position.
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In this assignment, you will research the cost of the first year at a two- or four-year college, depending on
the needs of your career choice. Using reference materials and Internet sites, you will collect information
about the college fees, housing, food, books, and about optional ways to pay for that year of college. In
addition, you will need to set up a savings plan. You will use a spreadsheet program to show your costs
for the first year of college and the monthly progress of your savings for the time until you go to college.
Useful references for gathering this information are at the end of this document. You will then present
your findings in a word document.
A sample savings plan for a college student based on the given requirements would be:
Daily savings: $500Weekly savings: $3,500Monthly savings: $14,000Yearly savings: $168,000It would 6 months of saving to get $84,000What is a Savings Plan?This refers to the financial plan that is made in order to sort a budget and set aside certain amounts of money to fund a particular thing.
Hence, we can see that the useful information to be used is:
(Yearly)
College fees: $30,000Housing: $24,000Food: $16,000Books: $12,000Total: $82,000Read more about savings and budget here:
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baker invested $80,000 in a computer company assets = liabilities + owner's equity cash + accounts + computer = accounts + b. baker - b. baker + revenues - expenses
Baker invested $80,000. Baker capital = $80,000, Baker Withdrawals = $125.00, Cash = $-1,490.00
What is investment?
An investment is a valuable item bought with the intention of increasing one's wealth. While stocks, bonds, and real estate are frequently included when discussing investments.
Assets = Liabilities + Owner's Equity
Cash + Accounts + Computer = Accounts + B. Baker - B. Baker + Revenues - Expenses
Complete solution given in image.
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Analyse safety management as a science?
Answer:
Explanation:
Persistent endeavors have been made to promote construction safety, but fatalities still plague the industry. Recently there had been an emergence of a variety of Construction safety research focusing on topics such as safety competency, accident statistics, design for safety, and safety culture. A large number of construction safety studies with the variety of topics make it difficult for stakeholders to have an overview of this field. Hence a systematic review of previous studies is paramount for facilitating sharing useful research findings and accessing future trends in construction safety research. A five-step framework was proposed in this review. The analysis focused on publication year, journal title, country/region distribution, organizational level, project phase, project type, innovative technology application and research topic. Three groups of construction safety research were identified. The first group of research is conducted from the perspective of safety management process, such as safety assessment and safety program. The second group aims to explore the impact of individual and group characteristics in relation to construction safety, such as worker behavior, perception, and safety climate. The third group utilizes accident/incident data to improve safety performance. In order to better capture construction safety research trend, these studies were discussed from chronological and thematic perspectives. Four main research findings including construction safety research perspectives, construction safety research trends, innovative technology applications in construction safety, and safety information flow, were gained. Finally, this review identified and discussed research gaps and corresponding agenda which can serve as guidance for future construction safety research.
Kacy is working on an advertising campaign. What is her position
The position of Kacy while working on an advertising campaign is called an Advertising Manager.
What is advertising?Advertising is the task of promoting the products manufactured by a company through ads on various electronic devices.
The Advertising Manager is a professional who works in advertising agencies in the respect of advertising campaigns for their respective clients. They usually collaborate with the sales department in creating and presenting the advertisements and which medium has to be used for adverting those ads.
Therefore, the Adverting manager would describe the designation of Kacy as working for an adverting campaign.
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Explain two kind of possible inefficiencies in an economy....
Possible inefficiencies in an economy are :
inflationEconomic troubleWhat is economy?Economy serves as the production as well as consumption of goods and services.
When there is inflation which brings about high price of goods , the value of money will reduce.
Economy trouble such as one that occur in united state in 1930 can affect economy.
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Miles is a licensed agent who represents Colgate Health and its Medicare Advantage (MA) plans. Miles has several clients who have recently come to him for help. They are in their initial coverage period9s) (ICEP) and are interested in enrolling in one of Colgate Health’s MA plans. Adam will soon turn 68 and has decided to retire. Betty is about to turn 65 and has also decided to retire. Adam and Betty both currently have coverage through Colgate Health. Charles had health coverage through Colgate but dropped the coverage when he retired early to travel to Europe. Charles has just turned age 65 and is now back in the United States. Diedre, who will turn 65 next month, currently has coverage through Ditmas Health – a company that Miles also represents. Who qualifies for the opt-in simplified enrollment mechanism?
The one that qualifies for the opt-in simplified enrollment mechanism is Alice.
What is Initial Coverage Election Period ?The Initial Coverage Election Period serves as the period that comes before one can enrolled into Medicare part A.
But in this case Alice is the one that fit in for the opt-in since there is no record about break in any of her coverage, and we know that Bob had health coverage through Spartan but does not through with the coverage.
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You are the owner of a parasailing company that is expanding operations to a new beachfront location, and you need to prepare a 3-year analysis for the bank that may loan you the funds to purchase your boat and parasailing equipment. A lot of business is done on a referral basis, where a company pays a fee to a 3rd party to send them customers. However, because of your well-established reputation, you already have received requests for “flights” to be scheduled as soon as you open the new location. Therefore, you expect to break-even the first year but must calculate the number of flights needed. You also need to determine the new break-even point in Year 2 if the location allows referrals, which you believe will cost on average about 2% of the sales price overall. Finally, you need to determine the volume needed to have $10,000 in profit in Year 3. The following information is available:
Sales price per flight $175
Estimated loan payment per month $350
Fuel costs per flight $100
Full-time scheduler salary $2,500 per month
Boat crew per flight $30
$500 per month dock fee and use of a small office on a pier
Calculate the Year 1 break-even quantity, contribution margin, and contribution margin ratio. Explain how the values were determined.
Calculate the Year 2 break-even quantity, break-even sales, and contribution margin ratio. Explain how the values were determined.
Determine the number of flights (units) needed to retain a profit of $10,000 in Year 3, assuming the company does allow for referrals.
Recommend if the bank should issue the loan.
YEAR 1-
Contribution margin = sales price per flight- Variable cost per flight= $175 - ($100+ $30)
= $45
Annual fixed cost = (Loan payment + Schedule salary+ dock fees) times 12months= ($350+ $2500+ $500)*12
= $40200
Break even quantity = Annual fixed cost / contribution per flight= $40200/ $45
=893 flights (Approx)
Contribution margin ratio = (contribution per flight/ sales per flight)*100= ($45/$175)*100
= 25.71%
Contribution margin= $40200YEAR 2
Break even quantity= $40200/ $41.5= 968 flights (approx)
Contribution per flight= $175- ($100 + $30+ {175* 2%})
= $41.5
Contribution margin ratio= ($41.5/ $175)* 100= 23.71%
YEAR 3
No of flights needed to retain profit of $10000No of flights needed = (fixed cost + profit)/ contribution per flight
= ($40200 + $10000)/$45
= 1115 flights needed (approx)
Yes bank should issue the loan.
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Why is this case an example of trademark violation?
Answer:
Say for example i make a Yt video and add in a song that has a trademark if i dont pay for the songs trademark to be able to use it the can report me it would be a violation
Explanation:
Answer: A
Explanation:
Payless made sneakers with a pattern that is similar to the Adidas logo.
We want to estimate the population mean within 5, with a 99% level of confidence. The population standard deviation is estimated to be 15. How large a sample is required?
Answer: 59.721984
Explanation:
Formula to calculate sample size (n):
[tex]n=(\sigma \times z^{*} /E)^{2} }[/tex]
, where σ = population standard deviation, E=Margin of error,
z* =critical value for the confidence interval.
As per given, we have
E =5
σ = 15
Critical value for 99% confidence = 2.576
Then,
[tex]n=(15 \times2.576/5)^{2}[/tex]
⇒ n= 59.721984 ≈ 60
So, Required sample size = 60 .
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60, is the required sample size.
A step-by-step explanation of the estimation of the population sample size.
Formula to calculate sample size (n):
n=(σ x z* ) 2
E
where = population standard deviation, E Margin of error, z* = critical value for the confidence interval.
As per the given value, we have
E =5
Critical value for 99% confidence = 2.576
Then,
So, the Required sample size = 60
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Erin bought stock with company XYZ, deposited money in a CD account, and started investing on a regular basis in a mutual fund. Did she diversify?
no
yes
It is true that Erin has a diversified portfolio as he invest in different investment.
What is a Portfolio diversification?This refers to investing of funds in different asset classes and securities in an attempt to minimize the risk of a portfolio.
Hence, It is true & yes that Erin has a diversified portfolio as he invest in different investment.
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