Stories are powerful tools for communicating corporate culture because they provide context, emotions, and a narrative that employees can relate to.
However, stories that describe real people and are assumed to be true have an even greater effect because they are more relatable and believable. When employees hear stories about their colleagues, they are more likely to see themselves in the same situations and be inspired by their peers.
Additionally, stories that are known by employees throughout the organization help to create a shared understanding of the company's values, traditions, and practices. They become part of the organization's collective memory and serve as a guide for how to behave and make decisions.
Therefore, companies should strive to share stories that are grounded in reality and are widely known, in order to effectively communicate their corporate culture and values to their employees.
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based upon the following data: calculate the discounted payback period with a discount rate of 10%. project ainitial cost-$50,000 year 1$20,000 year 2$25,000 year 3$20,000
The initial cost of $50,000 is recovered in year 3, so the discounted payback period is 3 years.
To calculate the discounted payback period with a discount rate of 10%, we need to determine the cumulative discounted cash flows for each year and determine when the initial cost is recovered.
Year 1: $20,000 / (1+0.1)^1 = $18,181.82
Year 2: $25,000 / (1+0.1)^2 = $20,661.16
Year 3: $20,000 / (1+0.1)^3 = $14,876.78
Cumulative discounted cash flows:
Year 1: $18,181.82
Year 2: $38,843.98 ($18,181.82 + $20,661.16)
Year 3: $53,720.76 ($38,843.98 + $14,876.78)
The initial cost of $50,000 is recovered in year 3, so the discounted payback period is 3 years.
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the gdp gap is: group of answer choices the product of the potential real gdp and the equilibrium level of real gdp.
The GDP gap is the difference between the potential real GDP and the equilibrium level of real GDP.
Potential GDP refers to the maximum output an economy can achieve when resources are fully employed, while equilibrium GDP is the actual output when the supply and demand for goods and services are balanced.
A positive GDP gap indicates that the economy is underperforming and not utilizing its resources efficiently, whereas a negative GDP gap suggests that the economy is overperforming and may be overheating.
Therefore, by analyzing the GDP gap, policymakers can make informed decisions to stimulate or slow down economic growth as needed.
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International accounting standards? are required for successful international trade make it easy for an international marketer to rely on global balance sheets and income statements all follow gaap regulations do not exist are supervised by a special agency of the united nations
International accounting standards (IAS) are essential for successful international trade, providing a common framework for financial reporting. They are developed by the IASB, widely used around the world, and supervised by the independent IFRS Foundation, based in London.
International accounting standards are required for successful international trade as they provide a common framework for financial reporting and help ensure consistency and comparability in financial statements across different countries.
International accounting standards (IAS) are a set of standards developed by the International Accounting Standards Board (IASB) that provide guidance on how to prepare and present financial statements.
These standards are widely used around the world, although some countries may also have their own local accounting standards. The IAS are not supervised by a special agency of the United Nations, but rather by the IFRS Foundation, which is an independent organization based in London, UK.
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per johnson, on a closed platform, good ideas can come from anywhere. group of answer choices true false
True, According to Johnson, on a closed platform, good ideas can come from anywhere, regardless of the source or the location.
Therefore, it is true that good ideas can come from anyone, anywhere, even in a closed platform. This means that valuable insights and innovations can be sourced from a variety of people, regardless of their status or position within the platform.
Good ideas also don't arise from ideas or visions. Instead, they originate from objects. Every brilliant idea is a mixture or mutation of a previously realized notion. The building blocks of innovation are not ideas; rather, they are ideas brought to life in already-available products.
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Which of the following tradeoffs between characteristics of useful information is least objectionable?
A) Incomplete information received on a timely basis
B) Irrelevant information received in an understandable format
C) Unreliable information easily accessible
D) Verifiable information received in unreadable format
The least objectionable tradeoff between characteristics of useful information is option B) Irrelevant information received in an understandable format.
Irrelevant information, although not useful for decision-making, does not carry the risk of leading to incorrect decisions or causing harm to the organization. On the other hand, information that is incomplete, unreliable, or unreadable could potentially lead to incorrect decisions and have negative consequences for the organization.
Receiving information on a timely basis is important, but incomplete information can lead to hasty and potentially incorrect decisions. Unreliable information, even if it is easily accessible, tradeoff can also lead to incorrect decisions and negative consequences.
Verifiable information is important, but if it is received in an unreadable format, it may be difficult to use and understand, which could lead to incorrect decisions.
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What is the connection between North Korea's missile program and its hunger problem?
While North Korea's missile program may be a source of pride and legitimacy for the country's leaders, it has come at a steep cost in terms of human suffering and deprivation.
North Korea's missile program and its hunger problem are connected in several ways.
Firstly, North Korea's missile program is incredibly expensive, and the resources devoted to it could otherwise be used to address the country's chronic food shortages. The country has long struggled with famine and malnutrition, with millions of people suffering from food insecurity and relying on international aid to survive.
Secondly, international sanctions imposed on North Korea over its missile program have further exacerbated the country's food crisis. These sanctions restrict North Korea's ability to trade with other countries, making it difficult to import food and other essential goods. As a result, many North Koreans are forced to rely on meager government rations and subsistence farming, which often fail to provide adequate nutrition.
Finally, North Korea's missile program and its belligerent stance towards the international community have made it difficult for aid organizations to operate in the country. This has limited the amount of food and other aid that can be delivered to the North Korean people, worsening the country's hunger problem.
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What must a country do to establish a gold standard?.
To establish a gold standard, a country must fix the value of its currency to a specific amount of gold. This means that the country central bank must be willing to buy and sell gold at a fixed price in order to maintain the value of the currency.
Additionally, the country must have enough gold reserves to back up the value of the currency. Historically, many countries have used the gold standard as a way to stabilize their currencies and prevent inflation. However, the gold standard has fallen out of favour in recent decades as most countries have moved towards fiat currencies, which are not backed by any physical commodity. The gold standard is a monetary system where a country's currency is directly linked to a fixed amount of gold.
This means that the country central bank must hold enough gold reserves to back the total value of its currency in circulation. The fixed exchange rate ensures that the currency remains stable and can be easily converted to gold if needed. The legal framework and monetary policy support the gold standard by ensuring that the government and central bank are committed to maintaining the fixed exchange rate and managing the gold reserves.
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When a monopolist switches from charging a single price to perfect price discrimination, it reduces:.
Consumer surplus is decreased when a monopolist changes from charging a single price to perfect price discrimination.
The difference between the utmost price a consumer is prepared to pay and the final price they pay is known as the consumer surplus. When a monopolist charges a single price, some consumers may be willing to pay more than the price they are charged, leading to a larger consumer surplus. However, with perfect price discrimination, the monopolist charges each consumer their maximum willingness to pay, eliminating any consumer surplus. This can lead to higher profits for the monopolist, but a loss in overall welfare for consumers.
In a single-price monopoly, the monopolist charges the same price to all consumers, which creates a consumer surplus (the difference between what consumers are willing to pay and what they actually pay). However, with perfect price discrimination, the monopolist charges each consumer exactly what they are willing to pay for the product, thus capturing all consumer surplus and converting it into producer surplus (monopoly profit).
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according to our text, total economic profits of any business in the long run will never be exorbitant (extremely high), as long as there is:
According to the text, the total economic profits of any business in the long run will never be exorbitant (extremely high), as long as there are no significant barriers to entry. Option a. Significant barriers to entry
In a perfectly competitive market, businesses can earn only normal profits in the long run because new firms can enter the market and compete away any excess profits. This is because there are no barriers to entry, such as high start-up costs or exclusive access to resources, that would prevent new firms from entering the market and competing with existing firms. In the long run, profits will be driven down to a normal level, which is just enough to cover the opportunity cost of the resources used in the business, including the owner's time and capital.
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Complete Question
According to our text, the total economic profits of any business in the long run will never be exorbitant (extremely high), as long as there are:
a. Significant barriers to entry
b. Large economies of scale
c. Monopolistic competition
d. No significant barriers to entry
those who have a claim in some aspect of a firm's products, operations, markets, industry, and outcomes are known as group of answer choices shareholders. stockholders. stakeholders. claimholders. special-interest groups.
The correct term for those who have a claim in some aspect of a firm's products, operations, markets, industry, and outcomes is stakeholders. Shareholders and stockholders are specific types of stakeholders who own shares in the company.
Claimholders is a less common term, but it can refer to anyone who has a legal claim against the company, such as a creditor. Special-interest groups are not necessarily stakeholders unless they have a direct interest in the company's operations or outcomes.
Those who have a claim in some aspect of a firm's products, operations, markets, industry, and outcomes are known as stakeholders.
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internal service funds should not account for depreciation of capital assets used in their operations, since this would, in effect, charge the government twice for the same assets. True or False?
Internal service funds should account for depreciation of capital assets used in their operations. This is because depreciation is an important accounting concept that recognizes the wear and tear or obsolescence of an asset over time. Given statement is False.
Failure to account for depreciation would result in an overstatement of the fund's net assets and could lead to inaccurate financial reporting.
However, it is important to note that internal service funds are considered part of the government and are subject to the same accounting and reporting requirements as other government funds. Therefore, any depreciation expenses recorded by internal service funds should be eliminated in the government-wide financial statements to avoid double-counting.
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which of the following types of loans issued in california may be protected from a deficiency judgment? unset starred question first mortgage issued in july 2014 to purchase a single family home loan issued in january 2012 to purchase a commercial property loan issued in january 2013 to purchase an investment property loan issued in january 2015 to purchase land
In California, the type of loan that may be protected from a deficiency judgment is the first mortgage issued to purchase a single-family home.
This means that if the borrower defaults on the loan and the property is foreclosed, the lender may not pursue the borrower for any remaining balance after the sale of the property. However, it is important to note that this protection only applies to first mortgage and not any subsequent loans taken out on the property. The other loans listed, including the loan for a commercial property, investment property, and land, are not typically protected from deficiency judgments. It is important to consult with a legal professional to fully understand your rights and obligations when it comes to loans and foreclosure in California.
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Stand-alone risk is most relevant to investments that involve a single asset that will be held in isolation. Corporate risk is most relevant to business investments that occur within not-for-profit business. Mark risk is most relevant to investments made by well-diversified stock investors by investor owned business. T/F?
Mark risk is most relevant to investments made by well-diversified stock investors by investor owned business. Market risk is the most significant risk to a well-diversified investor in common equities. This statement is True.
The risk that impacts the entire market or an entire asset class is referred to as market risk, also known as systemic risk. It is a natural part of the market as a whole and cannot be diversified away.
Changes in interest rates, economic downturns, and geopolitical crises are a few examples of market risk.Unsystematic risk, usually referred to as unique risk, is a risk that is particular to a given business or sector. By investing in a number of businesses or industries, it can be diversified. The sum of market risk and unique risk is total risk. Risk that can be minimised or avoided by diversification is referred diversifiable risk.
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the following table gives total revenue and cost for a monopolist: quantity price total revenue total cost 0 0 100 1 185 150 130 2 180 290 170 3 175 415 222 4 170 520 287 5 165 600 367 6 160 655 467 7 155 685 587 8 150 685 737 if the market were competitive how much lower would the price of the good be?
If the market were competitive, the price of the good would be lower than the monopoly price.
In a competitive market, firms have no market power and must accept the market price as given. This means that the price would be determined by the intersection of the market demand and supply curves.
To estimate the competitive price, we need to find the market demand curve. We can do this by looking at the total revenue column in the table. As we can see, as the quantity increases, the total revenue initially increases and then decreases. This means that the market demand curve is downward sloping.
Next, we need to find the market supply curve. In a competitive market, the supply curve is the marginal cost curve. We can estimate the marginal cost curve by calculating the marginal cost for each quantity. The marginal cost is the change in total cost for producing one more unit of output.
Using the table, we can calculate the marginal cost as follows:
Quantity Total Cost Marginal Cost
1 130 80
2 170 40
3 222 45
4 287 80
5 367 95
6 467 120
7 587 150
8 737 205
As we can see, the marginal cost curve is upward-sloping.
The competitive price is determined by the intersection of the market demand and supply curves. From the table, we can estimate the market demand curve as:
P = 185 - 5Q
where P is the price and Q is the quantity.
To find the competitive quantity, we set the market demand equal to the market supply (i.e., marginal cost) and solve for Q:
185 - 5Q = MC
where MC is the marginal cost.
Solving for Q, we get:
Q = (185 - MC) / 5
Substituting the marginal cost values from the table, we get:
Q = 11 (rounded to the nearest whole number)
This means that the competitive quantity would be 11 units.
To find the competitive price, we substitute the competitive quantity into the market demand equation:
P = 185 - 5(11) = 130
This means that the competitive price would be $130.
Comparing this to the monopoly price of $150, we can see that the competitive price is $20 lower.
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some managers use , which provides four indicators with which organizations can set goals and measure performance. group of answer choices
A few managers use The balanced scorecard, which offers 4 indicators with which agencies can set goals and degree overall performance.
The Balanced Scorecard is a strategic management tool used by organizations to measure and manage performance. It incorporates financial and non-financial measures to create a comprehensive picture of the organization's performance. The concept was developed by Robert Kaplan and David Norton in the early 1990s.
The Balanced Scorecard translates the organization's strategy into specific, measurable objectives and performance indicators in four perspectives: financial, customer, internal processes, and learning and growth. These perspectives are interconnected and balanced to ensure that the organization's strategy is well-rounded and aligned with its mission and vision.
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Complete Question:
a few managers use _____, which offers 4 indicators with which agencies can set goals and degree overall performance.
a couple of choices
A). a strategic map
B). The balanced scorecard
C). Size control
D). A strategic scorecard
The prevailing exchange rates are: €1.2/£, €0.8/$, $2/£. How to
make a profit with €10?
Step 1: Sell Euros, buy pounds
Step 2: Sell pounds, buy dollars
Step 3: Sell dollars, buy euros
1. Calculate the amount of currency you can get after each step?2. What will be the rate of return after these steps?
The rate of return after these three steps is 33.3%.
In order to make a profit with €10, we will need to follow the three steps outlined in the question:
Step 1: Sell Euros, buy pounds
With the exchange rate of €1.2/£, we can sell €10 and receive £8.33.
Step 2: Sell pounds, buy dollars
With the exchange rate of $2/£, we can sell £8.33 and receive $16.66.
Step 3: Sell dollars, buy euros
With the exchange rate of €0.8/$, we can sell $16.66 and receive €13.33.
So, after all, three steps, we have turned our initial €10 into €13.33.
To calculate the rate of return, we can use the formula: ((Final amount - Initial amount)/Initial amount) x 100%
So, in this case, our initial amount was €10 and our final amount was €13.33. Plugging these numbers into the formula, we get: ((€13.33 - €10)/€10) x 100% = 33.3%
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Savers like Dan are likely to save more when the real interest rate ______.
Savers like Dan are likely to save more when the real interest rate increases. When the real interest rate is high, the return on savings is also high, which makes saving more attractive.
At the same time, high real interest rates can reduce borrowing, which can also increase savings since people have more disposable income. Conversely, when the real interest rate is low, the return on savings is also low, which may discourage saving. Additionally, low real interest rates may encourage borrowing, which can also reduce savings.
The real interest rate is the nominal interest rate adjusted for inflation. In other words, it is the interest rate that reflects the actual return on savings after taking into account the effects of inflation. When the real interest rate is high, savers like Dan are likely to save more because they will earn a higher return on their savings.
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nike increased which account when it originally issued shares of its stock for cash?a.retained earningsb.treasury stockcmon stockd.revenues
When Nike originally issued shares of its stock for cash, it increased the common stock account. Here option C is the correct answer.
Common stock is a type of equity account that represents the ownership interest of the company's shareholders. When a company issues new shares of common stock, it is essentially selling a portion of its ownership to new shareholders in exchange for cash.
The proceeds from the sale of common stock are typically used to fund the company's operations, invest in new projects, or pay off debt. Unlike debt financing, which requires the payment of interest and principal, issuing common stock does not involve any obligation to make regular payments to investors.
The issuance of common stock also has an impact on a company's financial statements. For example, the increase in the common stock account is reflected in the balance sheet as an increase in shareholders' equity. Additionally, the issuance of new shares can dilute the ownership interest of existing shareholders, which can impact the company's earnings per share and other financial metrics.
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Complete question:
Nike increased which account when it originally issued shares of its stock for cash?
A. Retained earnings
B. Treasury stock
C. Common stock
D. Revenues
The current interest on money in a savings account is 3% per year. The current annual rate of inflation is 6%. After one year, which is generally true about the amount of money in the account?.
It will purchase fewer goods and services is generally true about the amount of money in the account.
The nominal interest rate is subtracted from the inflation rate to arrive at the real interest rate. In terms of mathematics, we would say this: The nominal interest rate less the inflation rate is the real interest rate. What each variable stands for is as follows:
A: the sum of money that will remain in your bank account following the payment of interest. P: Your principal deposit, often known as your account's opening balance. R: Your account's annual percentage yield (APY), expressed in decimal form. The ratio of savings to income is known as the savings rate (SR).
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an example of moral hazard is that group of answer choices borrowers who are less likely to repay loans are more likely to apply for them. those with health insurance visit the doctor every time they get a cold. reckless drivers buy cars with air bags. stores in high-crime areas buy theft insurance more often than stores in low-crime areas.
An example of moral hazard is: those with health insurance visit the doctor every time they get a cold.
This occurs because the insured party engages in riskier behavior, knowing they are protected by their insurance, which may lead to higher costs for the insurer. Moral hazard refers to the situation where one party engages in risky behavior because they know that they will not have to bear the full consequences of their actions.
In the context of borrowing, moral hazard arises when borrowers are more likely to default on their loans if they believe that they will not suffer any significant financial harm as a result. For example, if borrowers believe that they can walk away from their debts without facing any significant penalties or consequences, they may be more likely to take out loans that they cannot afford to repay.
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Why are ups and downs in the business cycle normal?.
Ups and downs in the business cycle are normal because they reflect the natural ebb and flow of economic activity over time.
The business cycle refers to the cyclical pattern of economic growth and contraction that occurs over time. This cycle is characterized by four phases: expansion, peak, contraction, and trough. During the expansion phase, the economy is growing, unemployment is low, and businesses are expanding. This is followed by a peak, where the economy reaches its highest point of growth and prosperity. However, this phase is often followed by a contraction, where economic activity slows down and businesses begin to cut back on spending. Finally, the trough phase is reached, where the economy is at its lowest point and unemployment is high.
The ups and downs in the business cycle are normal because they are driven by a variety of factors, including changes in consumer demand, technological innovations, government policies, and external shocks such as natural disasters or global economic events. These factors can lead to fluctuations in economic growth, which in turn can impact businesses and consumers alike.
While downturns in the business cycle can be challenging for businesses and individuals, they are also a natural part of the economic cycle. In fact, many economists believe that these cycles are necessary for the long-term health of the economy, as they help to weed out inefficient businesses and encourage innovation and growth. Additionally, government policies such as monetary and fiscal stimulus can help to mitigate the effects of economic downturns and support a return to growth.
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sharing some personality helps build common ground and trust and makes it more likely that people will find the social media campaign engagingT/F
The statement "sharing some personality helps build common ground and trust and makes it more likely that people will find the social media campaign engaging" is generally true.
When a brand or individual shares some aspects of their personality on social media, it can help create a more human connection with the audience and foster a sense of relatability.
By showing their human side, brands and individuals can build trust and credibility with their followers, which can ultimately lead to greater engagement with their social media campaigns.
However, it is important to note that the extent to which personality should be shared on social media can vary depending on the brand or individual's goals and target audience.
Some may prefer to keep a more professional or formal tone, while others may choose to be more casual and personal in their communication. It is essential to strike the right balance and share an appropriate amount of personality that aligns with the brand's image and values.
In summary, sharing some aspects of personality can help build common ground, trust, and engagement with an audience on social media, but it is essential to do so in a way that aligns with the brand's image and target audience.
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which of the following is a disadvantage of job specialization? multiple choice it makes job design unnecessary. employees often do not see where their job fits in the overall production output. employees in specialized jobs never produce quality output. workers may tire of performing a wide variety of tasks.
The correct answer is "employees often do not see where their job fits in the overall production output." One of the main disadvantages of job specialization is that employees become so focused on their narrow tasks that they may lose sight of how their work fits into the larger picture.
This can lead to a lack of engagement and motivation among workers, as well as a reduced sense of ownership and responsibility for the overall success of the organization.
Another potential disadvantage of job specialization is that it can lead to a lack of flexibility and adaptability in the workforce. If workers are only trained to perform specific tasks, they may struggle to take on new responsibilities or adapt to changing business needs. This can limit the organization's ability to respond to new opportunities or challenges.
Finally, job specialization can also lead to a lack of creativity and innovation in the workforce. When employees are only focused on their specific tasks, they may not have the opportunity to think outside the box or suggest new ideas for improving processes or products.
Overall, while job specialization can offer some benefits in terms of efficiency and productivity, it is important to consider the potential downsides and ensure that workers are given opportunities to see the bigger picture, develop new skills, and contribute to the organization's overall success.
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a laptop computer is purchased for . after each year, the resale value decreases by . what will the resale value be after years?
If the resale value of a laptop decreases by 20% each year, it means that its value at the end of the first year will be 80% of its original value,
i.e., $1000 x 0.8 = $800.
Similarly, at the end of the second year, its value will be
80% of $800, i.e., $640. At the end of the third year, its value will be 80% of $640, i.e., $512. Therefore, after 3 years, the resale value of the laptop will be $512. It's important to keep in mind that the actual resale value may vary based on market conditions, demand for the specific laptop model, and other factors.
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--The complete Question is, If a laptop computer is purchased for $1000, and after each year, the resale value decreases by 20%, what will the resale value be after 3 years? --
a(n) phase in a two phase lock is when a transaction releases all locks and cannot obtain a new lock. question 27 options: a) shrinking b) unlocking c) growing d) locking
The option B, unlocking, In a two-phase locking protocol, a transaction goes through two phases: the growing phase and the shrinking phase.
During the growing phase, the transaction acquires locks on the data items it needs to access. Once the transaction starts releasing locks, it enters the shrinking phase. In the shrinking phase, the transaction can release locks but cannot acquire new locks. This is called the unlocking phase.
In a two-phase lock, the shrinking phase is when a transaction releases all locks and cannot obtain a new lock. This phase follows the growing phase, where a transaction can only obtain new locks but not release them.
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due to the , a firm strives to maximize its profits and will therefore never pay more for a worker than the value of his/her marginal product to the firm. group of answer choices diminishing marginal product rule supply and demand rule of product markets. first rule of labor markets third rule of labor markets.
The answer to your question is the "first rule of labor markets." Due to this rule, a firm strives to maximize its profits and will therefore never pay more for a worker than the value of his/her marginal product to the firm. This means that if a worker's productivity starts to diminish, the firm will not continue to pay them the same amount as before. The firm will adjust the wages according to the worker's marginal product to maintain profitability.
This is in line with the economic principle of the diminishing marginal product rule, which states that as more units of a variable input, such as labor, are added to a fixed input, such as capital, the marginal product of the variable input will eventually diminish. The supply and demand rule of product markets is related to the price of goods and services, not labor.
I'm happy to help with your question. Due to the diminishing marginal product rule, a firm strives to maximize its profits and will therefore never pay more for a worker than the value of his/her marginal product to the firm. This principle is also known as the first rule of labor markets, which is influenced by the supply and demand dynamics in product markets.
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The Indigo Company issued 500, $1,000, 6%, 10-year bonds on January 1, 2018, at 98. Interest is payable annually on January 1. Indigo uses straight-line amortization for bond premium or discount. Instructions: Prepare the journal entries to record the following events: (a) The issuance of the bonds. (b) The accrual of the interest and the discount or premium amortization on 12/31/18. (c) The payment of the interest on 1/1/19. (d) The redemption of the bonds at maturity, assuming interest for the last period has been paid and recorded.
The premium on bonds payable is equal to the difference between the face value of the bonds ($500,000) and the amount the company received when it issued the bonds ($490,000).
Using straight-line amortization, the premium is deducted over the bonds' lifespan; as a result, after 10 years, the premium on securities payable has been fully deducted and the balance is zero.
(a) The issuance of the bonds:
Cash (500 bonds x $1,000 x 0.98) 490,000
Discount on bonds payable 10,000
Bonds payable 500,000
(b) The interest accrual and amortization of the premium or discount as of December 31, 2018:
Interest expense ($500,000 x 6%) 30,000
Bonds due with a discount ($10,000 / 10) 1,000
Cash 29,000
(c) The interest will be paid on January 1, 2019:
Interest expense ($500,000 x 6%) 30,000
Bonds due with a discount ($10,000 / 10) 1,000
Cash 31,000
(d) If the interest for the most recent period has been paid and recorded, the bonds will be redeemed at maturity:
Bonds payable 500,000
Premium on bonds payable 10,000
Cash 510,000
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one of the key assumptions underlying the chain of command is , which means that workers should report to just one supervisor.
The key assumption underlying the chain of command is unity of command
The key assumption underlying the chain of command is unity of command, which means that each worker should report to and receive orders from just one supervisor. This principle is important for maintaining clear lines of communication and accountability within an organization. When workers receive conflicting instructions from multiple supervisors, it can lead to confusion, inefficiency, and mistakes. By following the principle of unity of command, organizations can ensure that everyone knows their roles and responsibilities and that orders are communicated clearly and consistently.
Unity of command is a principle of management and organizational structure that refers to the idea that each person within an organization should report to only one direct supervisor or leader. This means that employees should receive orders, direction, and guidance from only one manager, and should only be accountable to that manager for their work.
The principle of unity of command is essential for maintaining clear lines of communication and responsibility within an organization. It helps to prevent confusion, conflict, and inefficiencies that can arise when employees receive conflicting instructions from multiple managers. By ensuring that each employee has one clear chain of command, organizations can streamline their operations and increase their effectiveness.
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The key assumption underlying the chain of command is unity of command
The key assumption underlying the chain of command is unity of command, which means that each worker should report to and receive orders from just one supervisor. This principle is important for maintaining clear lines of communication and accountability within an organization. When workers receive conflicting instructions from multiple supervisors, it can lead to confusion, inefficiency, and mistakes. By following the principle of unity of command, organizations can ensure that everyone knows their roles and responsibilities and that orders are communicated clearly and consistently.
Unity of command is a principle of management and organizational structure that refers to the idea that each person within an organization should report to only one direct supervisor or leader. This means that employees should receive orders, direction, and guidance from only one manager, and should only be accountable to that manager for their work.
The principle of unity of command is essential for maintaining clear lines of communication and responsibility within an organization. It helps to prevent confusion, conflict, and inefficiencies that can arise when employees receive conflicting instructions from multiple managers. By ensuring that each employee has one clear chain of command, organizations can streamline their operations and increase their effectiveness.
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over the last year, 1500 injections were administered at a clinic. quality is measured by the proper amount of dosage. in nine instances, the incorrect amount was given. compute the dpmo and its corresponding sigma level for this process
To compute the DPMO (defects per million opportunities) and its corresponding sigma level for this process, we need to first calculate the total number of opportunities for defects. In this case, since there were 1500 injections administered, the total number of opportunities for defects is 1500.
Next, we need to calculate the total number of defects, which in this case is 9 (since there were 9 instances where the incorrect amount was given).
Using these values, we can calculate the DPMO as follows:
DPMO = (Number of defects / Total number of opportunities) x 1,000,000
DPMO = (9 / 1500) x 1,000,000
DPMO = 6000
To calculate the corresponding sigma level, we can use the following formula:
Sigma level = NORMSINV(1 - DPMO/1000000)
Using this formula and plugging in the DPMO value we just calculated, we get:
Sigma level = NORMSINV(1 - 6000/1000000)
Sigma level = NORMSINV (0.994)
Sigma level = 2.58 (rounded to two decimal places)
Therefore, the DPMO for this process is 6000, and its corresponding sigma level is 2.58. This indicates that the process is currently operating at a moderate level of quality and that there is room for improvement to achieve higher levels of quality.
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the shared concept of right and wrong behavior in the workplace that reflects the time value of the organization and shapes the ethical decision making of its members is known as .
The shared concept of right and wrong behavior in the workplace that reflects the time value of the organization and shapes the ethical decision making of its members is known as organizational ethics.
Organizational ethics is a system of principles and values that guide the actions of individuals within a company or organization. It establishes a framework for understanding what is considered morally acceptable and unacceptable behavior, ensuring that employees act in the best interests of the organization and its stakeholders. Organizational ethics plays a critical role in shaping the company culture and fostering an environment where employees feel confident in their decision-making abilities. It helps create a sense of trust and cohesion among team members, promoting a positive and productive work atmosphere. Furthermore, a strong ethical foundation can enhance the organization's reputation, attracting clients, investors, and talent while mitigating the risk of potential legal and financial issues arising from unethical behavior.
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