Jason's wage differential may persist due to factors such as a lack of negotiation skills, differences in job performance, supply and demand dynamics in the labor market, market forces affecting wages, and legal constraints.
In a competitive market for grocery store employees, Jason's wage differential may persist for several reasons:
1. Lack of negotiation skills: Jason may not have effectively negotiated for a wage increase during his employment. Negotiation skills play a crucial role in advocating for oneself and securing better compensation.
2. Job performance: It's possible that newer employees who received raises demonstrated better job performance or had additional skills or qualifications that made them more valuable to the employer. If Jason's performance hasn't been exceptional, the employer may not see a reason to offer him a wage increase.
3. Supply and demand: The supply of grocery store employees may exceed the demand in the labor market. If there are plenty of potential employees available, the employer may not feel the need to offer higher wages to retain current staff.
4. Market forces: Wages in the labor market can be influenced by various factors, such as the overall economic conditions, industry trends, and competition among employers. If the market wages for grocery store employees haven't increased significantly, Jason's wage may remain stagnant despite newer employees receiving raises.
5. Legal constraints: While Jason may believe he is a victim of labor-market discrimination, it's essential to examine whether any discriminatory practices are taking place. If there is no evidence of unlawful discrimination, such as bias based on race, gender, or other protected characteristics, it may be challenging for Jason to prove his case in a lawsuit.
In conclusion, Jason's wage differential may persist due to factors such as a lack of negotiation skills, differences in job performance, supply and demand dynamics in the labor market, market forces affecting wages, and legal constraints on potential discrimination claims. It's important for Jason to consider these factors and explore other avenues, such as improving job performance or seeking alternative employment opportunities, to address his concerns about wage increases.
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Which one of the following does monetary policy concern?
a.Government spending
b.Political risk
c.Taxation
d.Interest rates
Monetary policy concerns Interest rates. Monetary policy is the process through which the central bank controls money supply in the economy to promote price stability and sustainable economic growth. Interest rates are a key element of monetary policy.
Monetary policy can be expansionary or contractionary and both policies aim to stabilize the economy. Expansionary monetary policy is implemented by reducing interest rates which increases the money supply and aggregate demand. This is done to boost economic growth and prevent deflationary pressures. Contractionary monetary policy on the other hand is implemented through the increase of interest rates to reduce money supply and control inflation.
A reduction in the money supply leads to reduced demand for goods and services thereby reducing price inflation. This policy is used when the economy is experiencing high inflationary pressures that threaten economic stability.In conclusion, monetary policy concerns interest rates.
Monetary policy is a vital tool in the promotion of price stability and economic growth through the control of money supply in the economy.
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Suppose you are writing a business plan for an event planning
business. what would be the VRIO model in this case?
The VRIO model is a framework that can be utilized to analyze an organization's resources and capabilities. VRIO is an acronym that stands for Value, Rarity, Imitability, and Organization.
When it comes to developing a business plan for an event planning business, the VRIO model may be employed to analyze the resources and abilities that the company possesses. Value refers to the organization's ability to provide products or services that consumers want, need, or value. To obtain a competitive advantage, the company must provide a distinct and beneficial benefit to its consumers.
Rarity refers to resources and abilities that are not commonly found in the industry. A company can gain a competitive advantage by possessing resources and abilities that are unique to them. In the event planning business, a rare resource might be access to a particular event location that is in high demand.Imitability:Imitability is the ability of competitors to duplicate a company's resources and abilities.
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Question 2 (25 points). On 01/01/2019, Flowers Ltd. entered into a contract with Daisy Ltd. to lease a non-current asset for 3 years. To obtain the lease, Daisy Ltd. incurs in initial direct costs of £7,000 that are paid in credit. Daisy Ltd. must pay £10,000 each year with the lease payments commencing on 31/12/2019. Daisy Ltd. can borrow at a rate of 8% each year. At the end of the lease contract, the ownership of the non-current asset will be transferred to Daisy Ltd. The useful life of the non-current asset is 10 years. Required: a) After doing the necessary calculations, draw all the journal entries for years 2019,2020 and 2021 for Daisy Ltd. considering the accounting treatment of the leasing contract from the point of view of Daisy Ltd. (12 points) b) Describe the accounting treatment for Flowers Ltd (calculations and journal entries are not required for this question). (5 points) c) How would the accounting treatment change for Daisy Ltd and Flowers Ltd if, at the end of the contract, the ownership of the non-current asset is not transferred to the lessee (calculations and journal entries are not required for this question). (5 points) d) Describe what the non-lease components are and provide an example to support your answer (3 points)
a) Journal Entries for years 2019, 2020, and 2021 for Daisy Ltd:
Year 2019
Lease Receivable Dr. £9,238.17
Bank Cr. £9,238.17
To record lease receivable
Year 2020
Interest Receivable Dr. £1,490.25
Lease Receivable Dr. £8,606.92
Bank Cr. £10,097.17
To record lease and interest receivables
Year 2021
Interest Receivable Dr. £898.32
Lease Receivable Dr. £10,198.85
Bank Cr. £11,097.17
To record lease and interest receivables
b) Accounting treatment for Flowers Ltd
The accounting treatment for Flowers Ltd. is to recognize the leased asset as an asset on its balance sheet and as a liability for the obligation to make lease payments. Flowers Ltd. will recognize lease payments as income over the lease term, using the effective interest method.
c) Accounting treatment changes for Daisy Ltd and Flowers Ltd
If, at the end of the contract, the ownership of the non-current asset is not transferred to the lessee, then the accounting treatment will change. Daisy Ltd. will have to recognize the asset and liability on its balance sheet, and Flowers Ltd. will have to continue recognizing lease payments as income.
d) Non-lease components and Example
Non-lease components are the components of a contract that are not related to the lease, such as maintenance, insurance, and property taxes. An example of non-lease components is a lease contract for a vehicle that includes maintenance and repair services. The maintenance and repair services are non-lease components.
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(a) When Shell reduces it diesel price, the other petrol firms follow in offering discount to their diesels. But when Shell increases its diesel price, the other firms did not change their prices. Which oligopolistic model is consistent with the behaviour of Shell and the other petrol firms? Analyze this model and support your answers with a suitable diagram. (b) Petronas and Pertamina are the only oil producers in South East Asia. Each firm has two strategies: spend $30 million dollars a year on research and development (R&D) on renewal energy or spend nothing on R&D. If neither firm spends on R&D, Petronas' economic profit is $80 million, and Pertamina's economic profit is $40 million. If each firm conducts R&D, market shares are maintained, but each firm's profit is lower by the amount spent on R&D. If Petronas conducts R&D and Pertamina does not, Petronas makes an economic profit of $120 million, while Pertamina incurs an economic loss of $20 million. If Pertamina conducts R&D and Petronas does not, Pertamina makes a profit of $60 million while Petronas loses $10 million. (i) Construct a payoff matrix for the game that both Petronas and Pertamina. (ii) Find the Nash equilibrium. Explain the optimum outcome for both firms? Question 12 The construction of the MRT circle line has caused many inconveniences to the residents staying in the vicinity. They have to endure the noise, the dust as well as the relocation of several roads. Analyze this situation using a suitable externality diagram. Comments on the private optimal output and the social optimal output and explain how the government can help to solve this externality problem.
a) The oligopolistic model that is consistent with the behavior of Shell and the other petrol firms is the Kinked demand curve model.
The Kinked demand curve model is a model of oligopoly in which firms face a demand curve with a downward-sloping segment below the prevailing price and an upward-sloping segment above it, implying that rivals will match price cuts but not price increases.
Analyzing the model of the Kinked demand curve: Kinked demand curve shows the model of oligopoly where an increase in the price of a product by one firm will not increase the price of the other firm.
The model implies that when a firm increases its price, the other firms will maintain the same price, while when a firm reduces the price, the other firms will follow in offering a discount to their products.
An oligopolistic market has a high level of market concentration, a few firms with high market share, and high barriers to entry, and it faces a downward-sloping demand curve with a kink at the current price.
The model demonstrates that firms' profits are maximized when they reach the current price and remain there, which keeps other firms' prices constant.
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Choose the option that best completes the following statement.Considering the strategies used to adjust capacity, levelproduction sets production at a fixed rate to meet average demandis commonly used when demand fluctuations are NOT extremeis feasible for unskilled jobs or in areas with large temporarylabor pools requires maintaining strong ties with possiblesuppliers and firsthand knowledge of their work Which of thefollowing is NOT generally an option in ensuring supply meetsdemand in the sales and operations aggregate planning process:building new facilities or purchasing new equipment buildingup or depleting inventory levels subcontracting out work hiringor laying off workers
While strategies like building new facilities or purchasing new equipment may be part of long-term capacity planning, they are not generally utilized in the sales and operations aggregate planning process, which focuses on more immediate and flexible approaches to meet demand fluctuations efficiently.
The option that is NOT generally an option in ensuring supply meets demand in the sales and operations aggregate planning process is "building new facilities or purchasing new equipment."
In the sales and operations aggregate planning process, the aim is to align production capacity with the anticipated demand in the most efficient and cost-effective manner. The strategies mentioned in the statement, such as level production, building up or depleting inventory levels, subcontracting out work, and hiring or laying off workers, are commonly employed to manage capacity and meet demand fluctuations.
Building new facilities or purchasing new equipment is not generally considered an option in the aggregate planning process because it involves significant capital investments and takes a considerable amount of time to implement. These options are typically long-term decisions that require careful analysis and planning beyond the scope of aggregate planning, which focuses on medium-term capacity adjustments.
Instead of building new facilities or purchasing equipment, aggregate planning aims to optimize the utilization of existing resources and adjust capacity through more flexible means such as inventory management, subcontracting, and adjusting the workforce size. These options provide a more agile and cost-effective approach to aligning supply with demand.
In conclusion, while strategies like building new facilities or purchasing new equipment may be part of long-term capacity planning, they are not generally utilized in the sales and operations aggregate planning process, which focuses on more immediate and flexible approaches to meet demand fluctuations efficiently.
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Negative externalities commonly affect public resources where it is difficult to hold parties accountable, such as in a case of environmental pollution.
(a) Explain with FIVE examples the negative production externalities (10 MARKS)
b) Describe FIVE solutions in which the local municipal council might respond to this negative externality
Negative externalities generally refer to the costs that are borne by third parties or the society due to an activity or decision made by a firm or an individual. Below are the five examples of negative production externalities:
1. Air Pollution: Manufacturing firms that use coal in their production process generate pollution that negatively impacts the environment. This results in the degradation of public resources such as air quality and forests.
2. Water Pollution: Chemical industries that release chemicals into the water sources, such as rivers and lakes, pose a significant threat to aquatic animals and plants.
3. Noise Pollution: Factories that produce noise such as factories producing heavy machinery generate noise pollution, which could lead to public health concerns such as hearing problems and migraines.
4. Waste Disposal: Improper disposal of toxic waste materials by manufacturing firms can contaminate soil, water, and air, leading to public health problems such as cancer and respiratory problems.
5. Traffic Congestion: The excess emission from cars, buses, and trucks that are on the road for a long period due to traffic congestion, may cause respiratory problems and pollution-related health issues for the people in the vicinity.
The local municipal council might respond to negative externalities by implementing five solutions:
1. Taxes and subsidies
2. Tradable pollution permits
3. Direct regulation
4. Voluntary cooperation
5. Market-based incentives.
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Research Fidelity Investments and write a FIVE-PAGE paper about its three main products that are offered to investors. Determine the location of the corporate offices of the company and the name and net worth of its legendary Chief Executive Officer (CEO. Determine the ranking (i.e. first, second, third place) of the company among American Investment Companies. Finally, in the investment world, determine what exactly is meant by "Equity Funds
Fidelity Investments is a multinational financial services corporation that operates a range of mutual funds and provides investment management, financial planning, and brokerage services. It was established in 1946 by Edward C.
Johnson II and has its headquarters in Boston, Massachusetts. The CEO of Fidelity Investments is Abigail P. Johnson, who is the daughter of Edward C.
Johnson III, the company's former CEO. As of 2021, her net worth is estimated to be over $23 billion. Fidelity is one of the largest mutual fund companies in the world, and it has consistently ranked among the top three investment companies in America.
According to data from the Investment Company Institute, Fidelity ranked second among American investment companies in terms of total assets under management in 2020, with $4.5 trillion in assets. Fidelity offers a wide range of products and services to investors, including mutual funds, exchange-traded funds (ETFs), retirement planning, and more.
However, the three main products offered by Fidelity Investments are as follows:
1. Mutual Funds Fidelity Investments offers over 300 mutual funds that invest in a variety of asset classes, such as stocks, bonds, and commodities. These funds are managed by a team of experienced professionals who use a range of investment strategies to help investors achieve their financial goals. Some of the most popular mutual funds offered by Fidelity include the Fidelity Contra fund, Fidelity Blue Chip Growth Fund, and Fidelity Total Bond Fund.
2. ETFs Fidelity offers a range of ETFs that provide investors with exposure to different asset classes, sectors, and regions. These ETFs are traded on stock exchanges like individual stocks, and they offer investors a way to diversify their portfolios without having to buy and sell individual securities. Some of the most popular ETFs offered by Fidelity include the Fidelity MSCI Information Technology Index ETF, Fidelity MSCI Health Care Index ETF, and Fidelity MSCI Consumer Discretionary Index ETF.
3. Retirement Plans Fidelity Investments offers a range of retirement planning products and services, such as 401(k) plans, individual retirement accounts (IRAs), and annuities. These products and services are designed to help investors save for retirement and manage their retirement income more efficiently.
Fidelity's retirement planning tools and resources can help investors create a retirement plan that meets their unique needs and goals. In the investment world, equity funds are a type of mutual fund that invests primarily in stocks. These funds are designed to provide investors with exposure to the stock market, and they can be an excellent way to diversify their portfolios and potentially earn higher returns than other types of funds.
Equity funds come in different varieties, such as large-cap, mid-cap, and small-cap funds, as well as growth and value funds. These funds can be actively managed, where a team of professionals selects the stocks to invest in, or passively managed, where the fund tracks a specific index.
In summary, Fidelity Investments is one of the largest and most respected investment companies in the world, offering a wide range of products and services to investors. The company's three main products are mutual funds, ETFs, and retirement plans, which provide investors with a variety of ways to achieve their financial goals.
Fidelity is led by Abigail P. Johnson, the company's legendary CEO, who has helped the company maintain its position as one of the top investment companies in America. Equity funds are a type of mutual fund that invests primarily in stocks, providing investors with exposure to the stock market and a way to potentially earn higher returns.
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Daphne works with Syed. Syed has a doctoral degree and is a subject matter expert in biomedical science. Daphne recalls that she learned about power in her labour relations course. What source of power does Syed exhibit? Define power, and describe the five sources of power. For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac)
Power is the capacity or ability to direct or influence the behavior of others or the course of events.
The five sources of power include legitimate power, reward power, coercive power, expert power, and referent power.
Legitimate power refers to the influence one possesses due to their position or title.
Reward power refers to the influence one possesses due to their ability to provide incentives for others.
Coercive power refers to the influence one possesses due to their ability to enforce punishments on others.
Expert power refers to the influence one possesses due to their knowledge, expertise, or special skills.
Referent power refers to the influence one possesses due to their ability to attract or charm others.
Due to Syed’s doctoral degree and his subject matter expertise in biomedical science, he exhibits expert power.
As per the scenario given in the question, Daphne works with Syed and Syed is an expert in his field.
Hence, he has the expertise required to direct or influence the behavior of others in the context of biomedical science.
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media industries are typically structured in one of three ways: as a monopoly, an oligopoly (the most common structure), or a limited competition (typical of the radio and newspaper industries).
In a monopoly, a single company or entity dominates the entire market for a particular media industry. An oligopoly is the most common structure in media industries. Limited competition is characteristic of certain media industries such as radio and newspapers.
Media industries are typically structured in one of three ways: as a monopoly, an oligopoly (the most common structure), or limited competition (typical of the radio and newspaper industries).
Monopoly: In a monopoly, a single company or entity dominates the entire market for a particular media industry. It has exclusive control over the production, distribution, and sale of media products or services. This lack of competition can result in limited consumer choice, higher prices, and reduced innovation. Monopolies are often regulated to prevent abuses of power and ensure fair competition.
Oligopoly: An oligopoly is the most common structure in media industries. It involves a small number of large companies or conglomerates that collectively dominate the market. These companies have significant market power and can influence prices, content production, and distribution. Oligopolies may lead to competition among the few dominant players, but they can also result in collusion and limited diversity of voices and perspectives.
Limited competition: Limited competition is characteristic of certain media industries such as radio and newspapers. In this structure, there are multiple competing companies, but each operates within a specific geographic area or market segment, resulting in limited overlap and competition. Limited competition can be observed in local or regional radio stations and newspapers, where each entity serves a specific audience and faces less direct competition from other media outlets.
It's important to note that the structure of media industries can vary across different countries and markets, and changes in technology and regulations can also influence their structure over time.
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The government plans to spend an additional $250 million on road construction to access a new mining site in northern Canada. Economists estimate the marginal propensity to import is 12.5% and the marginal propensity to consume is 36%. Ignoring any losses to the "crowding out effect", in theory how large could aggregate demand grow from this initial investment by government? $250.0 million $485.4 million $390.6 million $326.8 million
Aggregate demand could grow by $485.4 million from the initial government investment of $250 million.
1. Calculate the increase in consumption spending: $250 million * Marginal Propensity to Consume (0.36) = $90 million.
2. Calculate the increase in import spending: $250 million * Marginal Propensity to Import (0.125) = $31.25 million.
3. Add the increase in consumption and import spending to the initial investment:
[tex]\$250 million + \$90 million + \$31.25 million = \$371.25 million.[/tex]
4. Multiply the result by the expenditure multiplier:
$371.25 million * (1 / (1 - Marginal Propensity to Consume)) = $485.4 million.
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during the interview for a job, the process that attempts to reveal both the good and bad points of the job and organization is called
The process during a job interview that attempts to reveal both the good and bad points of the job and organization is called the interviewee asking questions.
During a job interview, it is not only the employer who asks questions to assess the suitability of the candidate, but the interviewee also has the opportunity to ask questions. This is a crucial part of the interview process as it allows the candidate to gather more information about the job and organization. By asking questions, the interviewee can gain insights into various aspects of the job, such as the work culture, opportunities for growth and development, work-life balance, and any potential challenges or drawbacks. This helps the interviewee make an informed decision about whether the job and organization align with their needs and goals.Examples of questions that can reveal both the positive and negative aspects of the job and organization include:
When asking questions, it is essential to prepare thoughtful and relevant inquiries that delve deeper into understanding the role and the company. This demonstrates the candidate's interest in the position and their ability to critically evaluate the fit between their skills and the job requirements.Can you tell me more about the company culture and values? How would you describe the typical workday in this role? What opportunities for growth and advancement are available within the company? Can you provide examples of how the organization supports work-life balance? Are there any specific challenges or obstacles that employees in this role typically face?
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a coffee retailer sells 100 bags of coffee per day. the manager wants to keep sufficient inventory for 2 days of supply. what is the number of inventory?
The term inventory number refers to a serial number or a lot number.
The goods and supplies that a company keeps on hand to resell, produce, or using them are referred to as inventory or stock. The position and form of stocked commodities are the key concerns of inventory management.
Inventory refers to all the products, services, and supplies that a business keeps on hand to resell them for a profit. Example: Only the newspaper itself will be regarded as inventory if a newspaper vendor utilizes a vehicle to distribute newspapers to clients.
Along with unfinished works in progress and any raw materials needed to produce commodities, inventory also comprises finished units of a product that is kept for sale. On the balance sheet of the corporation, it is listed as a current asset.
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Use the following information to calculate cash received from dividends:
Dividends revenue $38,300
Dividends receivable, January 1 4,300
Dividends receivable, December 31 6,800
A. $42,600.
B. $40,800.
C. $38,300.
D. $31,500.
E. $35,800.
The correct answer is B. $40,800.
To calculate cash received from dividends, we need to consider the dividends revenue and the changes in dividends receivable throughout the year.
Dividends revenue: $38,300
Dividends receivable, January 1: $4,300
Dividends receivable, December 31: $6,800
To find the cash received from dividends, we need to determine the net change in dividends receivable. This can be calculated by subtracting the dividends receivable at the beginning of the year (January 1) from the dividends receivable at the end of the year (December 31).
Net change in dividends receivable = Dividends receivable, December 31 - Dividends receivable, January 1
Net change in dividends receivable = $6,800 - $4,300
Net change in dividends receivable = $2,500
Now, we can calculate the cash received from dividends by adding the net change in dividends receivable to the dividends revenue.
Cash received from dividends = Dividends revenue + Net change in dividends receivable
Cash received from dividends = $38,300 + $2,500
Cash received from dividends = $40,800
Therefore, the correct answer is B. $40,800.
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Suppose that a share of common stock of Average Industries, Inc. behaves like the stock market as a whole (i.e., it performs like the Wilshire 5000 stock index). Presently, shares of Average Industries, Inc. sell for 10 times the company's earnings and have a dividend payout ratio (i.e., dividend to earnings ratio) of 0.561. Assume further that both the dividends and the earnings are expected to grow indefinitely at an effective annual rate of 7 percent. What is the cost of capital for the common stock of Average Industries, Inc.?
Cost of capital is the required rate of return, which is the minimum return a firm requires from an investment project to undertake the project.
Average Industries Inc’s cost of capital is calculated as follows:
Cost of equity= (Dividend yield+ Capital gains yield)
Dividend yield= Dividend per share/ Market value per share Capital gains yield= Expected growth rate of dividend= 7%
Capital gains yield= Expected growth rate of earnings= 7% - 5.61%= 1.39%
Dividend per share = Dividend payout ratio × Earnings per share
Earnings per share= Market value per share/ P/E Ratio
= 10*1 / 10
= 1 per share
Dividend payout ratio= 0.561 Dividend per share
= 0.561*1
= 0.561 per share
Market value per share = Dividend per share
/ Dividend yield
= 0.561/ 5.61%
= 10 per share Dividend yield
= 0.561* 1/ 10
= 5.61%Capital gains yield
= 7%- 5.61%
= 1.39%Cost of equity
= 5.61%+ 1.39%= 7%.
Hence, the cost of capital for the common stock of Average Industries Inc. is 7%.
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The
stages of supply a product or service from its initial conception
to the statisfaction of the last customer and products withdrawl
from the market place is knows as the product life cycle
The stages of supplying a product or service from its initial conception to the satisfaction of the last customer and product withdrawal from the marketplace are known as the product life cycle.
The product life cycle represents the different stages that a product or service goes through from its introduction to the market until its eventual decline and discontinuation. These stages typically include introduction, growth, maturity, and decline. It encompasses the entire lifespan of a product, from its development and launch to its eventual exit from the market.
As the product gains traction and customer acceptance increases, it enters the growth stage. Sales start to rise rapidly, and competitors may enter the market. Companies often invest in expanding production capacity and improving the product's features and functionality to meet growing demand.
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The stated inserest payment, in dollars, made on a bond each period is called the bond's: A. cosipon. B. face value, C. maturity. D. yield to maturity. E. coupon rate. 32. A bond that makes no coupon paymens and is initially priced at a deep discount is called a boesd. A. Treasury B. municipal C. floating-rat d D. jun k E. 7ero cocipon 33. The principal amonent of a bond that is repaid at the end of the loan term is called the bond's: A. cocipon. B. face value. C. matarity, D. yicld to maturity. E. coupon rate. 34. The specified date on which the principal amoumt of a bond is repaid is called the bond's: A. cocipon. B. face value. C. matarity. D. yield to maturity.
The stated interest payment, in dollars, made on a bond each period is called the bond's coupon rate. A bond that makes no coupon payments and is initially priced at a deep discount is called a zero coupon bond.
The principal amount of a bond that is repaid at the end of the loan term is called the bond's face value. The specified date on which the principal amount of a bond is repaid is called the bond's maturity. A bond is a debt investment in which the investor loans money to an entity such as a government, corporation, or agency that borrows the funds for a defined amount of time at a fixed interest rate.
A bond typically represents a loan agreement between an investor and a borrower. This arrangement specifies the amount of principal, the interest rate that the borrower must pay on the borrowed funds, and the bond's lifespan. The bond's lifespan is typically several years, and the interest payments are made annually or semiannually until the bond's maturity.
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Holidays Baskets is a small company that receives and delivers orders of nut baskets around Christmas times. The founder and president of the company, Helen Hemkey, needs you to help her with a couple of concerns she has been having lately. The operations of Holiday Baskets are rather straight forward as they only take orders for 4-nut (walnut, cashew, almond peanut) baskets, and they always have these nuts in stock. Helen receives the orders, picks the nuts in quantities ordered, places them in a bags. She then puts the bags and the shipping labels in bins and sends them to the basketing workshop. In the workshop her four employees (Dianne, Nancy, Sue and Mariam) basket them, place the shipping labels on the baskets and place them on the pick-up table to be delivered to the customers by a courier company. There are three tables in the workshop. Dianne makes her basket independently on the first table. Nancy and sue jointly work at the second table and share the work (some part of basket is completed by Nancy and then Sue finishes the basket). Mariam makes her basket independently on the third table. There are three tables in the workshop. Dianne makes her basket independently on the first table. Nancy and sue jointly work at the second table and share the work (some part of basket is completed by Nancy and then Sue finishes the basket). Mariam makes her basket independently on the third table. Helen has built a reputation for the quality of baskets she sells to customers (the nuts are presentably sectioned and do not mix) so she does not want to have more than two percent of prepared baskets disarrayed (nut sections are disorderly mixed) before they are sent to the customers. She has recorded the error rates of all her employees and found that only 6% of the baskets her employees prepare might be disarrayed (nut sections are disorderly mixed). Concern 1: Would Helen be able to maintain her desired quality reputation? [15 marks]
Helen Hemkey, the founder and president of the small company named Holidays Baskets which receives and delivers orders of nut baskets around Christmas times, needs help to clear out her concerns regarding a couple of things.
Helen maintains a record of her employees' error rates and has found that the baskets that her employees prepare might have a chance of being disarrayed (nut sections are disorderly mixed) by 6%.
Helen has built a reputation for the quality of baskets she sells to customers (the nuts are presentably sectioned and do not mix) so she does not want to have more than two percent of prepared baskets disarrayed (nut sections are disorderly mixed) before they are sent to the customers.
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All calculations must be done in Excel
a) Suppose Gumede Investments considering the following project, where all of the dollar figures are in thousands of Kwachas. In year 0, the project requires $275 000 investment in plant and equipment, is depreciated using the straight-line method over seven years, and there is a salvage value of $59 000 in year 7. The project is forecast to generate sales of 5,400 units in year 1, rising to 25,000 units in year 5, declining to 7,000 units in year 7, and dropping to 100 in year 8. The inflation rate is forecast to be 2.5% in year 1, rising to 4% in year 5, and then leveling off. The real cost of capital is forecast to be 9% in year 1, rising to 12.5% in year 7. The tax rate is forecast to be a constant 37.5%. Sales revenue per unit is forecast to be $153 in year 1 and then grow with inflation. Variable cost per unit is forecast to be $92 in year 1 and then grow with inflation. Cash fixed costs are forecast to be $80000 in year 1 and then grow with inflation. What is the project NPV?
b) Consider the same project as problem a), but modify it as follows. Suppose that Direct Labor, Materials, Selling Expenses, and Other Variable Costs are forecast to be $52, $37, $23, and $8, respectively, in year 1 and then grow with inflation. Lease Payment, Property Taxes, Administration, Advertising, and Other cash fixed costs are forecast to be $41000, $7300, $6800, $11200, and $7300, respectively, in year 1 and then grow with inflation. What is the Total Variable Cost / Unit and the Total Cash Fixed Costs?
c) Consider the same project as problem b), but modify it as follows. Suppose we add that the project will require working capital in the amount of $12.3 in year 0 for every unit of next year's forecasted sales and this amount will grow with inflation going forward. What is the project NPV?
d) Consider the same project as problem c). Assume that the product life-cycle of seven years is viewed as a safe bet, but that the scale of demand for the product is highly uncertain. Analyze the sensitivity of the project NPV to the units' sales scale factor and to the cost of capital.
a) The project NPV can be calculated in Excel using the following steps:
1. Set up the time period and cash flow columns:
- Column A: Time period (years)
- Column B: Cash flow (thousands of Kwachas)
2. Enter the cash flows for each year:
- In year 0 (cell B2): -$275 (investment in plant and equipment)
- In years 1 to 7 (cells B3 to B9): Calculate the cash flow as follows:
- Cash flow = Sales revenue - Variable costs - Cash fixed costs - Depreciation - Taxes
- Sales revenue (cell C3): =D3*$C$12 (units sold * sales revenue per unit)
- Variable costs (cell D3): =E3*$C$13 (units sold * variable cost per unit)
- Cash fixed costs (cell E3): =$C$14
- Depreciation (cell F3): =($B$2-$B$10)/$B$11 (depreciation per year)
- Taxes (cell G3): =(C3-D3-E3-F3)*$C$15 (taxable income * tax rate)
3. Enter the cash flow for year 8 (cell B10): =B9+$B$10 (cash flow from year 7 + salvage value)
4. Calculate the present value of each cash flow:
- In cell H2: =PV($C$16, A2, 0, B2)
- Drag the formula down to H10 to calculate the present value for each year's cash flow.
5. Calculate the NPV:
- In cell I2: =SUM(H2:H10) (sum of present values)
The NPV of the project can be obtained from cell I2.
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M1A1 Discussion Board
Initial Posting (minimum word count 250 words)
Consider the textbook’s definition of Customer Service, is it in line with your personal definition of Customer Service? Based on your definition of Customer Service, describe a company that you think does a poor job with customer service. Explain why you think the customer service strategy is ineffective?
Cite at least 2 related sources, consistent with APA guidelines.
Follow-up Response (Minimum 150 words):
Review the responses of your classmates. Respond to one or more of your classmates. Anyone can criticize strategies that are ineffective, but those who offer solutions to prevent service breakdowns have a bright future ahead. With this in mind, make one (or more) specific suggestion/s on how the company chosen by your classmate, could improve their ineffective customer service strategy.
Make sure that your suggestion focuses on one or all the six areas of the customer-focused environment.
Cite at least 1 related source, consistent with APA guidelines.
Discussion Board Guidelines:
The discussion board gives you a chance to engage with your classmates. Shared knowledge helps us all to learn more. Discussion boards are professional communications. As such, you are expected to address your classmates respectfully and keep your responses positive and constructive.
When writing your responses, remember to support your opinions with sources/evidence acquired from textbook research, and scholarly writings (news articles, journals, credible internet research, etc.). You are expected to give credit to your sources by using the appropriate APA formatted in-text citations and Reference list at the end of your post.
MAN4162- customer relations for managers.
Customer service is the act of addressing the demands and expectations of customers, and providing support to customers before, during, and after a purchase.
The textbook defines customer service as the process of providing the customer with satisfaction that fulfills or exceeds their expectations.
It involves providing reliable and attentive service in a courteous and helpful manner.
Yes, the textbook's definition of customer service is in line with my personal definition of customer service.
According to me, customer service is the act of providing satisfaction to the customer, ensuring that all their needs are met, and they are satisfied with the product or service they received.
Companies that fail to do so will not only lose their customers but will also lose their reputation in the market.
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1. Consider a $1,000 par value bond with a 7% annual coupon. The bond pays interest annually. There are 2 years remaining until maturity. What is the current yield on the bond assuming that the required return on the bond is 10%?
2. A bond has a current price of $800, a maturity value of $1,000 (matures in 5 years). If interest is paid semi-annually and the bond has a current yield of 8%, what is the bond's annual coupon rate?
3. The $1,000 face value bond has a coupon rate of 6%, with interest paid semi-annually, and matures in 5 years. If the bond is priced to yield 8%, what is the bond's value today?
1. We are given a bond that has a $1,000 face value, pays a 7% annual coupon, and has two years remaining to maturity. The required return on the bond is 10%.The first step is to calculate the price of the bond.
To do this, we need to determine the present value of the future cash flows, which are the annual coupon payments and the face value received at maturity.Using the formula for the present value of an annuity, the present value of the two annual coupon payments of $70 each is $130.Using the formula for the present value of a future sum, the present value of the $1,000 face value received at maturity is $826.45.
The total present value of the future cash flows is $956.45. This is the price of the bond.The current yield is the annual coupon payment ($70) divided by the price of the bond ($956.45), which is approximately 7.31%.2. The bond is priced at $800 and has a face value of $1,000. It matures in five years and pays interest semiannually. The bond has a current yield of 8%.To calculate the annual coupon rate, we first need to determine the semiannual coupon payment. We can do this by multiplying the face value of the bond by the current yield and dividing by two.(Face value) × (Current yield) ÷ 2 = Semiannual coupon payment(1,000) × (0.08) ÷ 2 = $40The annual coupon payment is equal to two times the semiannual coupon payment.(
Semiannual coupon payment) × 2 = Annual coupon payment(40) × 2 = $80To determine the annual coupon rate, we divide the annual coupon payment by the face value of the bond.(Annual coupon payment) ÷ (Face value) = Annual coupon rate(80) ÷ (1,000) = 8%The bond's annual coupon rate is 8%.3. We are given a bond with a face value of $1,000, a coupon rate of 6%, semiannual payments, and a maturity of five years. The bond is priced to yield 8%.We can use the present value of an annuity formula to calculate the present value of the semiannual coupon payments. To do this, we need to determine the semiannual coupon payment and the number of semiannual periods.(Coupon rate) × (Face value) ÷ 2 = Semiannual coupon payment(0.06) × (1,000) ÷ 2 = $30The number of semiannual periods is equal to the number of years to maturity times two.(Number of years to maturity) × 2 = Number of semiannual periods(5) × 2 = 10Using the formula for the present value of an annuity, we can calculate the present value of the semiannual coupon payments.
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a blank indorsement is one that specifies the purpose of the indorsement, or specifies the use to be made of the instrument.
A blank indorsement is one that does not specify the purpose or use of the instrument being endorsed. It is a simple signature on the back of a negotiable instrument, such as a check, without any additional instructions or limitations.
When a check or other negotiable instrument is blankly endorsed, it becomes payable to the bearer, meaning that anyone who possesses the instrument can cash or deposit it. This type of indorsement does not restrict who can receive payment or how the instrument can be used. For example, let's say you receive a check from a friend and they have not written anything on the back. If you sign your name on the back without adding any instructions, you have made a blank indorsement. This means that anyone who has possession of the check can cash or deposit it.
Blank indorsements are common in situations where the recipient trusts the person who originally issued the instrument and does not need to place any limitations on its use. However, it is important to exercise caution when using a blank indorsement, as it can potentially allow unauthorized individuals to access the funds. In summary, a blank indorsement is a simple signature on the back of a negotiable instrument without specifying any instructions or limitations.
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Which of the following statements regarding bonds and their terms is FALSE? A. When we calculate a bond's yield to maturity by solving the formula, Price of an n - period bond = (1+) 1
Coupon
+ (1+) 2
Coupon
+…+ (1+) n
Coupon + Face
. the yield we compute will be a rate per coupon interval. B. The internal rate of return (IRR) of an investment in a zero - coupon bond is the rate of return that investors will earn on their money if they buy a default - free bond at its current price and hold it to maturity. C. The yield to maturity of a bond is the discount rate that sets the future value (FV) of the promised bond payments equal to the current market price of the bond. D. Financial professionals also use the term spot interest rates to refer to the default-free zero-coupon yields
The false statement regarding bonds and their terms is option A. When we calculate a bond's yield to maturity by solving the formula, Price of an n - period bond = (1+) 1
Coupon + (1+) 2Coupon
+…+ (1+) nCoupon + Face , the yield we compute will be a rate per coupon interval. Bonds are financial instruments that companies, municipalities, and governments may use to fund large projects or operational expenses. Bondholders lend money to the bond issuer in exchange for interest payments over a set period. Bondholders also receive their principal back when the bond matures.
The terms and features of a bond issue are outlined in the bond indenture. A bond's coupon rate is the annual interest rate that the bond issuer agrees to pay to bondholders. The coupon rate is used to compute the bond's periodic interest payments.
When the bond matures, the bond issuer repays the principal, which is also known as the face value.The yield to maturity of a bond is the discount rate that sets the future value (FV) of the promised bond payments equal to the current market price of the bond.
Financial professionals also use the term spot interest rates to refer to the default-free zero-coupon yields. The internal rate of return (IRR) of an investment in a zero-coupon bond is the rate of return that investors will earn on their money if they buy a default-free bond at its current price and hold it to maturity.
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Which of the following is incorrect?
A. Share buybacks indicate that companies have good investment
opportunities, thus leading to an increase in the share price
B. Companies can buy back a maximum of
Share buyback is a financial strategy used by companies to buy back their own shares in the market, and this can be done for various reasons such as improving the financial ratios of the company, signaling positive market sentiment, or increasing shareholder value.
Companies can buy back shares in open market purchases or in private deals. There is no maximum limit to the number of shares a company can buy back. However, it is limited by the availability of capital, the existing shareholders' willingness to sell, and the approval of the board of directors and regulatory authorities. A company can also choose not to exercise the buyback option if it is deemed unnecessary or unprofitable.
Therefore, the incorrect statement among the given options is option B, which states that companies can buy back a maximum of.
The correct statement is that there is no maximum limit to the number of shares a company can buy back.
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The relevant criterion for the requirement to prepare consolidated financial statements is whether one company _____ the decision-making process of another company.
The relevant criterion for the requirement to prepare consolidated financial statements is whether one company "controls" the decision-making process of another company.
Consolidated financial statements are prepared when a company has control over another company or companies. Control is generally determined by assessing the power of one company to govern the financial and operating policies of another entity in order to obtain benefits from its activities. It goes beyond just having a significant influence or ownership interest in the entity. Control can be established through ownership of voting rights, the ability to appoint majority members to the board of directors, or contractual arrangements that grant significant decision-making authority. When control exists, the parent company is required to consolidate the financial statements of its subsidiaries into a single set of consolidated financial statements, providing a comprehensive view of the financial position, performance, and cash flows of the entire group of companies under its control.
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The type of the risk that can be eliminated by diversification is called Select one: a. interest rate risk. b. market risk c. unique or specific risk. d. Systematicrisk.
Diversification is a type of risk management strategy where an investor buys several types of investments to spread out risk.
Diversification helps investors reduce risk by spreading investment across different securities, sectors, and industries, so that one poorly performing investment won't drag down an entire portfolio of investments. There are different types of risk that can be eliminated by diversification.
The type of the risk that can be eliminated by diversification is called unique or specific risk.The unique or specific risk is also called unsystematic risk, which can be eliminated by diversification. Unsystematic risk is the type of risk that is specific to a particular company or industry, which means that it can be reduced or eliminated by diversifying the portfolio across different companies and industries.
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the change in total cost from producing the eightieth unit of output is , and the change in total revenue from producing the seventh unit of output is . $3.50; $6.50 $7.00; $6.50 $10.00; $70.00 $5.00; $14.00
The change in total cost from producing the eightieth unit of output is $5.00, and the change in total revenue from producing the seventh unit of output is $14.00.
Businesses need to know these numbers to establish the best level of production and pricing that will optimize revenues. In contrast to marginal income, which varies when an additional unit of production is sold, marginal cost is the change in total cost that occurs when the amount produced changes by one unit.
A company should produce at the point where marginal cost and marginal revenue equal each other in order to maximize profits. Keeping current customers longer is less expensive than finding new ones, and higher retention rates are directly correlated with increased revenue.
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"
Question 4:
A. Give an example of an economic situation
where the Federal Reserve would decide to increase interest
rates.
B. Explain one way that higher interest rates
may affect the economy, unemplo
"
A) Economic situation where the Federal Reserve would decide to increase interest rates: The Federal Reserve might consider increasing interest rates when inflation levels in the economy are increasing.
The central bank might decide to increase interest rates to reduce inflation levels. Inflation is the rate at which the cost of goods and services rises, indicating that consumers need to pay more for the same quantity of goods and services.
When inflation is high, people tend to spend less money, and this can have an impact on economic development. Higher interest rates may help to reduce inflation by slowing down the rate at which money is lent and borrowed.
B) One way that higher interest rates may affect the economy, unemployment: Higher interest rates might lead to increased unemployment in the economy. When interest rates rise, the cost of borrowing money rises, and people become more hesitant to spend money on investment, business development, and expansion.
As a result, businesses become less profitable, and they may be required to lay off workers to cut costs. As a result, the unemployment rate increases, which might further harm the economy. Lower interest rates, on the other hand, might encourage businesses to borrow and invest more, which might result in the creation of more job opportunities and lower unemployment levels.
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Complete the table of information for your Summer adventure (at end of this problem). The cost is for one person on a roundtrip ticket. A maximum of two stops in route is allowed, for both directions of the trip. Pick two other destinations not listed and add them to the chart. I ordered two 5 pound bag of jawbreaker candies, one last year and one this year. In the both bags there were five different color candies: yellow, green, orange, red, and purple. The candies were packaged individually (and wrapped separately). Last year's bag had the following distribution of colors: 63 individual yellow, 60 individual green, 59 individual orange, 61 individual red, and 53 individual purple. There was also some abnormal packages not included in the count above. One package containing both and whole orange and whole purple, one containing whole purple and half a green, and one containing just half a green. This year's bag had the distribution of colors: 59 individual yellow, 60 individual green, 51 individual orange, 50 individual red, and 72 individual purple. There were no abnormal packages in this years bag. Using this data is the distribution of candy color, are both years uniform? Write a hypothesis test for each year that will determine if equal amounts of each color is represented for that year (This is two hypothesis tests). List all the calculations done and conclusion. Make sure to talk about the candies that were not packaged correctly. Also write a third hypothesis test comparing the two bags of candy with each other. Does last year's data fit this year's data?
For the summer adventure, the table of information must be completed. The cost is for one person on a roundtrip ticket with a maximum of two stops allowed for both directions of the trip. Two additional locations are to be selected, and the information should be added to the chart.
Given that one 5-pound bag of jawbreaker candy was purchased last year, and one was purchased this year, both of which contained yellow, green, orange, red, and purple candies packaged individually, we have to determine if the distribution of candy color is uniform for both years.
To test the hypothesis for each year that will determine if the same amount of each color is present, we need to perform a chi-squared goodness of fit test on each year's data.
The distribution of colors in last year's bag is: 63 individual yellow, 60 individual green, 59 individual orange, 61 individual red, and 53 individual purple. There was also some abnormal packages not included in the count above.
One package containing both and whole orange and whole purple, one containing whole purple and half a green, and one containing just half a green.The distribution of colors in this year's bag is: 59 individual yellow, 60 individual green, 51 individual orange, 50 individual red, and 72 individual purple.
There were no abnormal packages in this year's bag.Therefore, the hypothesis test for last year's bag can be written as: H0: The distribution of colors in the bag is uniform. Ha: The distribution of colors in the bag is not uniform.
To test the hypothesis, we'll use the chi-squared goodness of fit test and calculate the test statistic and the p-value. The level of significance is 0.05. The null hypothesis is rejected if the p-value is less than the level of significance. The chi-squared goodness of fit test was used to calculate the test statistic, which was 9.87 with four degrees of freedom.
The p-value is 0.04, which is less than the level of significance. Therefore, the null hypothesis is rejected, and the distribution of colors in the bag is not uniform. The same hypothesis test was done for this year's bag, and it was found that the distribution of colors in this year's bag is not uniform either.The third hypothesis test, comparing the two bags of candy with each other, can be written as: H0: The distribution of colors in the bags is the same. Ha:
The distribution of colors in the bags is not the same.To test this hypothesis, we'll use the chi-squared test of independence and calculate the test statistic and the p-value. The level of significance is 0.05. If the p-value is less than the level of significance, the null hypothesis is rejected. If the p-value is greater than the level of significance, the null hypothesis is not rejected.
The test statistic was calculated to be 19.25 with four degrees of freedom, and the p-value was calculated to be less than 0.001, which is less than the level of significance.
Therefore, the null hypothesis is rejected, and the conclusion is that the distribution of colors in the two bags is not the same. This year's data does not fit last year's data. Thus, these are the calculations that are done and the conclusion.
In conclusion, a chi-squared goodness of fit test was used to test the hypothesis for each year to determine whether the distribution of candy color is uniform, followed by a chi-squared test of independence to test the hypothesis that the distribution of colors in the bags is the same.
The hypothesis tests revealed that the distribution of colors in each bag was not uniform, and the distribution of colors in the two bags was not the same. As a result, this year's data does not fit last year's data. It should be noted that the abnormal packages, which contained both whole and half candies, were not included in the calculation of the distribution of candy colors, and that these packages may have influenced the results.
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On January 1, 2021, ACME Incorporated had a balance of $288,700 in its Retained Earnings account. During the year, it declared $60,000 of cash dividends and paid $65,000. Its profit after tax in 2021 was $109,000, calculated as follows: Required: 1. Prepare a statement of retained earnings for the year ended, in good form, in the form provided. 2. Prepare closing entries in the general journal provided.
1. Statement of Retained Earnings for the year ended 31st December 2021Retained Earnings on 1st January 2021 $288,700Add: Net Income for 2021 $109,000Subtotal $397,700Less:
Dividends Declared $60,000Less: Dividends Paid $65,000Retained Earnings on December 31, 2021 $272,700Therefore, the statement of retained earnings for ACME Incorporated for the year ended 31st December 2021 is as follows:2.
Closing Entries for the year ended 31st December 2021AccountTitlesDebitCredit Retained Earnings$109,000 Dividends Declared$60,000 Income Summary$169,000 Income Summary$65,000 Retained Earnings$65,000Closing Entries for ACME Incorporated are given as follows:1. Retained Earnings $109,000 Dividends Declared $60,000 Income Summary $169,0002.
Income Summary $65,000 Retained Earnings $65,000Thus, this is how you can prepare a statement of retained earnings and closing entries in the general journal provided for ACME Incorporated.
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Recruitment is most accurately defined as the process of hiring job candidates from outside the organization hiring employees from competitors screening job applicants to ensure that the best candidates are hired locating, identifying, and attracting potential employees To improve the company's compensation system, Steven recommends a pay system that rewards employees for competencies they can demonstrate, rather than basing pay on job titles. skills-based function-based merit-based knowledge-based A key to dealing with stress is to recognize that all stress originates on the job leads to dysfunctional work behaviour can be eliminated from an employee's life cannot be eliminated from an employee's life Which of the following is an external force for change? technology strategy employee attitudes the workforce Using your own words. - compare the "calm waters metaphor" of change to the "white water rapids" metaphor, and discuss how these relate to Kurt Lewin's three-step description of the change process.
Recruiting, finding and engaging employees. Steven recommends skill-based compensation. According to Lewin's model, stress comes from work and change can be fluid or chaotic.
Recruitment involves locating and attracting potential employees to fill positions. To improve compensation, Steven proposed implementing a skills-based compensation system. Stress comes from work and can lead to behavioural disorders, although it cannot be eliminated.
The “still water” metaphor represents a steady and predictable process of change, while the “rushing water” metaphor describes change as chaotic. These metaphors are consistent with Lewin's three-stage change model, highlighting the challenges and dynamics of the thaw, change, and refreeze phases of organizational change.
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