PLEASE ANSWER PART BONLY!a—12 PointsCalculate the price and quantity anAirline would select if it were in a Perfectly CompetitiveIndustry.TC = 10 + 4Q. Demand is P=20- 2Qi—Draw the demand curve and the MC curve. (2 points)
ii— What is price and quantity for the Perfectly Competitive Industry? (4 points)
iii—How much is Consumer Surplus? (3 Points)
iv—What is the profit for the Perfectly Competitive Industry? (3 points)
b—11 Points PLEASE ANSWER THESE
Calculate the price and quantity an Airline would select if it were a monopoly? (much of this is in Chapters 11 and 14)
i—What is the fixed cost in this example (2 points)
ii—Draw the demand curve, the marginal revenue curve and the MC curve. (1 points)
iii—How much is Consumer Surplus? (2 Points)
iv—What is price and quantity for the monopoly? (3 points)
v—What is the profit for the monopoly? (3 points)
Answers
the price and quantity an Airline would select if it were a monopolythe is $32.
i) The fixed cost is not given in the question.
ii) The demand curve, marginal revenue curve, and marginal cost curve can be drawn as follows:
Demand curve: P = 20 - 2Q
Marginal revenue curve: MR = 20 - 4Q
Marginal cost curve: MC = 4
iii) Consumer surplus cannot be determined without knowing the price and quantity.iv) To find the profit-maximizing quantity, we need to equate marginal revenue and marginal cost.
20 - 4Q = 416 = 4Q
Q = 4
Substituting Q = 4 in the demand curve, we get:
P = 20 - 2Q
P = 20 - 2(4)
P = 12
Therefore, the monopoly will produce 4 units of output at a price of $12 per unit.
v) The profit for the monopoly can be calculated by subtracting total cost from total revenue.
Total revenue = Price x Quantity
Total revenue = $12 x 4
Total revenue = $48
Total cost = Fixed cost + Variable cost
As fixed cost is not given, we can only calculate variable cost as follows:
Variable cost = MC x Quantity
Variable cost = $4 x 4
Variable cost = $16
Total cost = Fixed cost + Variable cost
Profit = Total revenue - Total cost
Profit = $48 - Total cost
Profit = $48 - $16
Profit = $32
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Related Questions
what is the difference between product value and unique selling proposition?
Answers
Answer:
USPs and value propositions often get confused
there under two different umbrella .
Keep in mind that your USP doesn’t have to revolve around a product detail (such as quality, features, or price). It can also call attention to a unique aspect of your business more broadly speaking (service, selection, speed, convenience, dependability, guarantees, customization, philanthropy, and so on).
Value propositions are longer statements than USPs because they express the tangible results or concrete outcomes (“benefits”) a customer experiences from using a company’s products or services. They serve to convince your target market they’ll get “value for their money” by describing exactly what that value is.
Natural monopolies experience small economies of scale. True False
Answers
Natural monopolies experience small economies of scale. The statement is false. Let's discuss more about natural monopolies and economies of scale.
Economies of scale refer to a cost-saving mechanism that firms achieve when they increase the scale of their production. It means the firm can produce the product at a lower average cost as they increase the production.
Natural monopoly is a market situation where a single firm can supply the whole market at a lower cost than two or more firms. It is because the industry has a high fixed cost that makes it challenging for new entrants to survive. The primary example of natural monopolies is utility companies like water and electricity.
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Classical Political Economists (CPEs) and Karl Polanyi have different views of the market mechanism. CPEs (Smith, Ricardo, Say), who wrote in the 18th and 19th century, generally envisioned a harmonious market mechanism that nevertheless had potential problems. Polanyi, who wrote in the 20th century, described more violent and unstable market forces that drove the Great Transformation in the economy. Explain why and how these two visions of the market economy differed and focus especially on their understanding of labor markets and their views on employment/full employment/unemployment and inequality.
Answers
Classical Political Economists (CPEs) and Karl Polanyi had different views on the market mechanism and its effects on labor markets, employment, full employment, unemployment, and inequality.
CPEs, including Adam Smith, David Ricardo, and Jean-Baptiste Say, who wrote in the 18th and 19th centuries, generally had a more positive view of the market mechanism. They believed in a harmonious market where supply and demand interacted freely, leading to efficient allocation of resources and economic growth. However, they acknowledged potential problems such as market failures and the potential for inequality.
On the other hand, Karl Polanyi, who wrote in the 20th century, had a more critical perspective on the market forces. He argued that the market system, if left unregulated, could lead to violent and unstable outcomes. Polanyi described the Great Transformation, where the expansion of market forces disrupted traditional economic and social arrangements, leading to social dislocation and economic crises.
Regarding labor markets, CPEs generally believed in the flexibility and efficiency of labor markets, assuming that individuals would find employment opportunities according to their skills and market demand. They emphasized the benefits of voluntary contracts and free labor mobility.
Polanyi, however, criticized this view and highlighted the negative consequences of unregulated labor markets. He argued that unrestricted market forces could result in exploitative working conditions, unemployment, and inequality. Polanyi emphasized the importance of social protections, such as labor regulations and social welfare policies, to safeguard workers' rights and ensure fair outcomes.
In terms of employment, CPEs saw full employment as a desirable state achieved through the natural functioning of the market mechanism. They believed that economic growth and market dynamics would lead to widespread job opportunities and reduced unemployment.
Polanyi, on the other hand, questioned the assumption of automatic full employment. He argued that market forces alone could not guarantee full employment and that government intervention and social policies were necessary to ensure stable and equitable employment opportunities.
In terms of inequality, CPEs acknowledged that the market mechanism could lead to income disparities but generally viewed it as a natural outcome of individuals' varying abilities and efforts. They believed that the overall benefits of economic growth would eventually trickle down to all levels of society.
Polanyi, however, saw inequality as a potential consequence of unregulated markets. He argued that market-driven economies could exacerbate social and economic disparities, leading to social unrest and instability. Polanyi advocated for measures to address inequality, such as progressive taxation and social safety nets.
Overall, CPEs and Polanyi differed in their visions of the market economy, with CPEs envisioning a more harmonious and self-regulating market mechanism, while Polanyi emphasized the potential negative impacts of unregulated market forces on labor markets, employment, full employment, unemployment, and inequality.
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Roxanne is writing an email rejecting a customer’s refund claim for a faulty kitchen blender. Which statement makes a good buffer for Roxanne’s email?
A. We regret that we are not able to offer a replacement.
B. We are glad to hear from a loyal customer.
C. We have considered your request about the kitchen blender.
D. We see that you have used the blender for nine months.
E. We hope to continue serving you in the future with the best products.
Answers
The statement that makes a good buffer for Roxanne’s email is : We have considered your request about the kitchen blender.
What is an email?This is an electronic device, used for exchange of messages between a sender and a receiver. This device connects people together.
Hence, the statement that makes a good buffer for Roxanne’s email is : We have considered your request about the kitchen blender.
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Training is a key element for an organization pursuing a commitment based hr strategy. .
Answers
The statement is True.
Training is a key element for an organization pursuing a commitment that is based on hr strategy.
Training is a vital element existing in an organization for the purpose of pursuing a commitment that is based purely on HR strategy. This course will use training for building knowledge, skill as well as attitudes so that employees can work quickly and flexibly as well without waste of time. In order to enhance the transfer of the learning program, training should have developed and delivered by those who are specialized in training.
Training along with development is one of the major functions included in the department of human resource management. It refers to a systematic order of setup where employees are instructed well to proceed further and taught technical knowledge-related matters on behalf of their jobs.
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The given question is incomplete, the correct question is :
Training is a key element for an organization pursuing a commitment-based hr strategy. True or false?
Amanda and Charles Mercer want to remodel their coffee shop. They would like to finance part of the cost but you don’t want the amount financed be more than $10,000. The total cost of remodeling the shop is $13,480.
Answers
Answer:
$13,480 -$10,000 =3480
PLEASE HELP ASAP::::
A tip employee’s earnings most closely resemble those of which of the following?
a.
An employee working on straight commission
b.
An employee working on commission plus salary
c.
An employee working on a piece-rate basis
d.
An employee working on a fixed salary
Please select the best answer from the choices provided
A
B
C
D
Answers
Answer: c. An employee working on a piece-rate basis
fashooo
A semester consists of half the year (18 weeks) and is worth .5 (1/2)
credit. *
True
False
Answers
In September, you made a profit of $5,456,963 with expenses of $2,456,654. What was your total revenue?
Answers
The total revenue when the profit and expenses are given so it should be considered as the $7,913,617.
Calculation of the total revenue:We know that
Profit is $5,456,963
And, expenses is $2,456,654
We know that
Profit = Revenue - Expenses
$5,456,963 = Revenue - $2,456,654
So, the revenue is
= $5,456,963 + $2,456,654
= $7,913,617
Hence, The total revenue when the profit and expenses are given so it should be considererd as the $7,913,617.
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Which is not a benefit of exporting?
Answers
Word of mouth promotion is also known as what?
Answers
Answer:
Word-of-mouth advertising (WOM advertising), also called word of mouth marketing, is the process of actively influencing and encouraging organic word of mouth discussion about a brand, organization, resource, or event.
Explanation:
hope this helps, pls mark brainliest :D
Word-of-mouth advertising is another name for viral marketing.
What is Word-of-mouth promotion?The technique of deliberately influencing and supporting organic word-of-mouth talk about a brand, organization, resource, or event is known as word-of-mouth advertising (WOM advertising), sometimes known as word-of-mouth marketing.
A corporation can reach new audiences and establish a solid brand reputation by using word-of-mouth marketing. Businesses can enhance profitability, draw in new clients, and strengthen their bonds with current consumers by utilizing this distinctive and natural kind of marketing.
The type of rewards utilized has a significant impact on the effectiveness of word-of-mouth marketing. The employment of incorrect incentives to encourage customers or representatives to spread good word of mouth about goods or brands can have negative effects on a business, according to research.
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In the circular flow model, multiple choice 1 resource markets provide for the exchange of labor and product markets provide for the exchange of goods and services. goods markets provide for the transfer of money and labor markets provide for the transfer of inputs. labor markets provide for the transfer of money and goods markets provide for the transfer of inputs. resource markets provide for the goods and services and product markets provide for the exchange of labor. b. In the circular flow model, multiple choice 2 businesses buy both goods and labor; households sell both goods and labor. businesses sell both goods and labor; households buy both goods and labor. businesses buy goods and sell labor; households sell goods and buy labor. businesses sell goods and buy labor; households buy goods and sell labor. c. In the goods and services portion of the circular flow model, there is a flow of multiple choice 3 real goods and services and a flow of output. real goods and services and a flow of money. real goods and services and a flow of labor. labor and a flow of money.
Answers
It should be noted that in the circular flow model, the resource markets provide for the exchange of labor, and product markets provide for the exchange of goods and services.
The circular flow model simply shows how money moves in society. The three main actors in the circular flow of income are the households, firms, and the government.For example, in the model, the households give money to businesses after goods are bought. The government also taxes businesses. The businesses pay the people salaries, etc. It just shows how money moves in an economy.Read related link on:
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selecting a target market involves all of the following steps except
Answers
Answer:
E. all of the above are involved
Which correctly lists the titles for this Venn diagram?
Title 1 should be Logistics and Inventory Control Pathway and Title 2 should be Maintenance, Installation, and
Repair Pathway.
O Title 1 should be Maintenance, Installation, and Repair Pathway and Title 2 should be Logistics and Inventory
Control Pathway.
Title 1 should be Quality Assurance Pathway and Title 2 should be Production Pathway.
Title 1 should be Production Pathway and Title 2 should be Quality Assurance Pathway.
Answers
The correct title for the Venn diagram should be
Title 1 should be Production Pathway and Title 2 should be Quality Assurance Pathway.What is a production pathway?This is the pathway that has to show all the process of manufacturing and assembling the products.
What is the quality assurance pathway?This has to do with the inclusion of the workers that would help to ensure that quality standards are followed and the products meets their performance requirements.
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Answer:
D
Explanation:
which of the following taxpayers qualifies for the maximum traditional individual retirement account deduction for 2022?
Answers
For the tax year 2022, the maximum traditional individual retirement account (IRA) deduction for taxpayers under age 50 is $6,000, while taxpayers age 50 and older may deduct up to $7,000.
The amount of the deduction a taxpayer can claim depends on their income, filing status, and whether they or their spouse is covered by a retirement plan at work.Therefore, without additional information about the taxpayer's age, income, and retirement plan coverage, it is not possible to determine whether they qualify for the maximum traditional IRA deduction for 2022.
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Write a one to two paragraph explanation that teaches how to complete each form. Be sure to write the instructions in "plain English" versus official federal government "speak."
Describe the documents you could provide to a new employer in order to establish your identity and/or employment eligibility. Provide a list of a minimum of four documents.
Submit your paragraph explanations for completing each form and the description of the documents for establishing your identity and/or employment eligibility as the assignment for this lesson.
Answers
Answer: So so sorry but i don't know!
Explanation:Have a great day
Consider the following items on a commercial bank's balance sheet.
An auto loan to an individual is an ASSET to a commercial bank.
Funds borrowed from a credit union in the federal funds market is a LIABILITY to a commercial bank.
A customer's savings deposit is a LIABILITY to a commercial bank.
The bank's required reserve is an ASSET to a commercial bank.
Answers
In a commercial bank's balance sheet, an auto loan to an individual is classified as an asset, while funds borrowed from a credit union in the federal funds market are considered a liability. Similarly, a customer's savings deposit is a liability, while the bank's required reserve is an asset.
An Auto loan provided by a commercial bank to an individual is categorized as an asset. This is because the bank expects to receive regular payments and interest over the loan term, generating income for the bank. The auto loan represents a financial claim that the bank holds, which has a positive value and contributes to the bank's overall asset base. On the other hand, funds borrowed from a credit union in the federal funds market are considered a liability for the commercial bank. These borrowed funds represent an obligation for the bank to repay the credit union, typically with interest. Thus, it is recorded as a liability on the bank's balance sheet. A customer's savings deposit, such as a regular savings account, is also classified as a liability for the commercial bank. The bank holds these funds on behalf of the customer, and the customer has the right to withdraw the deposited amount. The bank is obligated to repay the customer upon request, making it a liability. Lastly, the bank's required reserve, which refers to the portion of customer deposits that must be held in reserve by the bank as mandated by regulatory requirements, is considered an asset. Although the bank cannot freely use these reserves, they are still recorded as an asset because they represent funds held by the bank, albeit with certain limitations on their usage.
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what is double-entry accounting? a a budgeting method where you plan for double every expected expense to ensure that you never budget less than you need. b a budgeting method where you record your earnings twice: once to track where your money is going, and once to decide what it is for. c a department at most companies that handles all the money and tracks receipts. d a way to double-check y
Answers
Double-entry accounting is a budgeting method where you record your earnings twice: once to track where your money is going, and once to decide what it is for.
Every transaction is recorded in two accounts one for a debit and one for a credit in a double-entry bookkeeping system. Businesses can record transactions in double-entry accounting using any combination of the five categories of accounts: assets, liabilities, equity, revenue, expenses, gains, and losses. Debits are shown on the left side of each journal entry while credits are listed on the right.
Double-entry accounting lowers mistakes and increases the likelihood that your accounts will balance. Double-entry accounting has several advantages for businesses since it not only lowers mistakes but also aids in financial reporting and thwarts fraud.
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The equity sections for Atticus Group at the beginning of the year (January 1) and end of the year (December 31) follow.
Stockholders’ Equity (January 1)
Common stock—$5 par value, 100,000 shares authorized, 40,000 shares issued and outstanding $ 200,000
Paid-in capital in excess of par value, common stock 160,000
Retained earnings 360,000
Total stockholders’ equity $ 720,000
Stockholders’ Equity (December 31)
Common stock—$5 par value, 100,000 shares authorized, 47,200 shares issued, 4,000 shares in treasury $ 236,000
Paid-in capital in excess of par value, common stock 210,400
Retained earnings ($30,000 restricted by treasury stock) 400,000
846,400
Less cost of treasury stock (30,000)
Total stockholders’ equity $ 816,400
The following transactions and events affected its equity during the year.
January 5 Declared a $0.50 per share cash dividend, date of record January 10.
March 20 Purchased treasury stock for cash.
April 5 Declared a $0.50 per share cash dividend, date of record April 10.
July 5 Declared a $0.50 per share cash dividend, date of record July 10.
July 31 Declared a 20% stock dividend when the stock’s market value was $12 per share.
August 14 Issued the stock dividend that was declared on July 31.
October 5 Declared a $0.50 per share cash dividend, date of record October 10.
5. How much net income did the company earn this year?
Answers
The information given shows that the net income that was earned by the company is $206000
How to calculate the incomeNet income, also known as net profit or bottom line, is the amount of money that a company earns after subtracting all of its expenses from its total revenue. In other words, it is the profit that a company has left over after paying for all of its costs and taxes.
Net income is a key financial metric that is used to assess the financial health of a company. It is often reported on a company's income statement, which shows the revenue, expenses, and net income for a given period.
Capitalized amount = (40000-5000)*20%*10 = 70000
Net income will be: 360000-70000-76000-420000
= 206000
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Explain why the credit industry wants you to believe that you need a credit score
Answers
Answer:
Because the credit industry gains a profit from it's users. Credit is a tool, and if used wisely can be beneficial for many people who don't have enough cash to pay for things. Having "good" credit score means that it's easier for you to receive a loan.
Let understand that Credit score refers the score which tells about a consumer's creditworthiness.
In practice, the higher the credit score of an individual, the higher the rate of repayment of credit gotten.
The Credit scoring is used the lenders to help them decide whether to borrow, extend or deny credit.
Therefore, the credit industry wants one to believe you need credit score because its helps them to ascertain your creditworthiness.
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According to Florida Law, in which of the following situations would a dependent handicapped child NOT be covered under a Family Health policy? -The handicapped child has reached the limiting age
-The premiums for the handicapped child are not paid
-The handicapped child becomes a full-time student
-The family moves outside the provider network
Answers
According to Florida Law, a dependent handicapped child would NOT be covered under a Family Health policy if the child has reached the limiting age specified in the policy. The limiting age is typically set at 26 years, after which a child is no longer considered a dependent.
However, there are exceptions to this rule for handicapped children who are unable to support themselves financially due to their disability. If the premiums for the handicapped child are not paid, the child's coverage may be terminated, but this can usually be remedied by making the necessary payments. If the handicapped child becomes a full-time student, they may still be covered under the policy, provided they meet the requirements for dependent status. Finally, if the family moves outside the provider network, they may still be able to receive coverage under the policy, but they may need to pay higher out-of-network costs.
According to Florida Law, a dependent handicapped child would NOT be covered under a Family Health policy in the situation where "The premiums for the handicapped child are not paid." Health insurance policies typically require timely payment of premiums to maintain coverage. If the premiums are not paid, the insurance company may terminate the policy, resulting in a loss of coverage for the handicapped child.
In the other situations mentioned:
- The handicapped child reaching the limiting age does not necessarily mean a loss of coverage. Florida Law allows for the continuation of coverage for a dependent child with a disability, regardless of age, as long as the disability began before the limiting age and continues to render the child dependent on their parent or guardian.
- A handicapped child becoming a full-time student does not affect their coverage under a Family Health policy, as the child is still considered a dependent.
- The family moving outside the provider network may impact the availability of in-network providers but does not automatically lead to a loss of coverage for the handicapped child. It's essential to review the specific policy details and consult the insurance company for out-of-network coverage options.
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assuming a perfectly competitive market, with the cost function c = 295 3q2 and price = $48 what is the profit maximizing quantity?
Answers
In a perfectly competitive market, firms aim to maximize their profits by producing the quantity at which the marginal cost equals the market price. Therefore, to find the profit maximizing quantity, we need to set the marginal cost equal to the price.
The marginal cost (MC) is the derivative of the cost function (C) with respect to quantity (q):
MC = dC/dq = 590q
Setting MC equal to the market price of $48, we get:
590q = 48
Solving for q, we get:
q = 48/590
q ≈ 0.081
Therefore, the profit maximizing quantity in this perfectly competitive market is approximately 0.081 units. At this quantity, the firm's total revenue (TR) would be:
TR = price x quantity = $48 x 0.081 = $3.888
The firm's total cost (TC) at this quantity would be:
TC = C(q) = 295 + 3(0.081)^2 = $295.006
The firm's profit (π) would then be:
π = TR - TC = $3.888 - $295.006 = -$291.118
Since the profit is negative, this firm would not produce any output at all in the perfectly competitive market described.
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How important is money
Answers
Answer:
very important
Explanation:
money is a global income source for everyone. we all have different types but it is all still money. now say one country got rid of money and had people pay for stuff using other things. if china did that lots of different countries wouldn't be able to get stuff from there unless they had so much of that product they could just give it up.
On January 1, the first day of the fiscal year, a company issues a $1,450,000, 5%, five-year bond that pays semiannual interest of $36,250 ($1,450,000 × 5% × ½), receiving cash of $1,408,720.
Answers
Complete Question:
On January 1, the first day of the fiscal year, a company issues a $1,450,000, 5%, five-year bond that pays semiannual interest of $36,250 ($1,450,000 × 5% × ½), receiving cash of $1,408,720
Journalize the first interest payment and the amortization of the related bond discount using the Straight line method
Answer:
Kindly check Explanation
Explanation:
Given the following :
Face value of bond issued = $1,450,000
Cash received on Issuance = $1,408,720
Number of Interest payment on bond = 5 × 2 = 10(semiannual)
Therefore, discount on bond :
$(1,450,000 - 1,408,720) = $41,280
Spreading or amortizing diacou t on bond over the bond duration (use te straight line method)
Discount / period
$41,280 / 10 = $4,128
Interest expense a/c Dr $40,378
To discount on bond payable a/c Cr $4128
To cash a/c $36,250
A marketer is keeping track of the revenue generated by his campaign. He wants to
see a specified return-on-investment for his monthly ad spend.
Which type of automated bidding strategy will meet his needs?
An awareness-based bidding strategy
A conversion-focused bidding strategy
A revenue-focused bidding strategy
A consideration-focused bidding strategy
Answers
Answer:
C). A revenue-focused bidding strategy.
Explanation:
As per the details given in the question, 'a revenue-focused bidding strategy' will most likely assist the marketer in upkeeping his needs as his key focus is to discern a particular return on his investment that he made for the monthly ad spend made by him. This automated strategy of bidding will allow him to keep track of the revenue and escalate the return. Thus, option C is the correct answer.
Discipline Case Studies Case 1 - What a Mess! Supervisor information: You feel you must speak to one of your subordinates about her untidy work area. It is important that tools be put back where they belong, that only current projects be in the work area, and that nothing be misplaced such that it could cause a hazard (e.g. someone tripping over it). This one employee is excellent and you have no problem with the quantity and quality of her work. But you are not pleased with how she keeps her work area. It is so messy that you suspect it slows her down looking for things and you are concerned about hazards. You have tried to make her aware of it with jokes but obviously that has not worked. You have decided that you must have a meeting with her and make it official. Subordinate information: Your boss has asked to speak with you. IT sounds serious. Usually the supervisor is a friendly person who jokes around but there was not joking this time. You don't know what it is about. You are a strong member of the supervisor's team, producing very good work, both in terms of speed and accuracy. You don't think there can be any complain about your work. Occasionally you are a few minutes late getting back from break and you are not the most organized person around. Your work area is not in good shape but you know where everything is. And it's just the way you work. Even your supervisor has made cracks about it. No, maybe it's about you not going out of your way to help the new guy. He's a pain, asking too many questions and not listening to the answers. He's a pain, asking too many questions and not listening to the answers. Who knows what the supervisor wants? You'll just have to wait and see. Discipline Case Study Names of Team Members: In your group review the case study you have been assigned and prepare to respond to the following questions in writing: 1. Describe the appropriate steps of progressive discipline for this situation. 2. Demonstrate the administration of the principles of discipline 3. Demonstrate the appropriate factors considered for the case story. 4. Demonstrate "due process" in disciplining the employee. 5. Demonstrate the appropriate process for conducting a discipline session. Case Study Number: 1. Describe which steps of progressive discipline you would recommend for this case. Why do you think this is the appropriate step? 2. What principles of discipline have you considered as part of this process? Describe your answer. 3. What factors have you considered in this situation? Why? 4. How does this approach represent 'due process? 5. Describe how you will conduct the discipline session.
Answers
1. The first step in a progressive discipline process is Verbal Counselling
The first step in a progressive discipline process is to have a conversation with the employee focusing on the issue, verification of facts, specifically from the employees’ perspective, clarification of organizational expectations and formal communication about the seriousness of the incident.
This conversation is intended to help the employee understand how their behaviours need to change. It is not fair to surprise an employee with further disciplinary action or termination if they are not aware of the critical nature of the incident. After the conversation, the manager should document the date, time, location of conversation, content of discussion and agreed upon behaviour changes.
2. Written Warning
The second step should be another conversation that is documented in a written format. The employee should be coached for a second time about the severity of the issue and how the manager expects their behaviours to change.
The written warning should include a description of the problem, along with the manager’s expectation of the employee’s behaviour, description of the consequences, if expectations are not met, and the time frame for meeting expectations. A copy of the written document should be given to the employee.
3. Employee Suspension and Improvement Plan
The third step is asking the employee to go home and develop a written plan-of-action for improved performance within 24 hours. The intent of this step is to give the employee a time out to think about the situation and reflect to see if they want to make an effort to improve – and the steps they will take to make that improvement. When the employee returns, the manager should review the improvement plan with the employee and make adjustments as necessary.
Failure to return with an improvement plan should trigger the termination process.
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Thirsty Dog! Is a zesty beef-flavored, vitamin-enriched, mineral-loaded, lightly carbonated bottled water for your dog. It might have been a great product, but competition over shelf space was fierce and the product could not generate enough sales per square foot for retailers. The makers of this product had
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If oligopolists always match price cuts by other firms in the cartel, but do not match price increases, then this strategy _____.
Select the correct answer below:
will eventually lead to a single monopoly firm capturing the entire market
will increase the level of competition in the market
can work like a silent form of cooperation
can incentivize firms to betray the cartel and capture a higher market share by increasing prices
Answers
If oligopolists always match price cuts by other firms in the cartel but do not match price increases, then this strategy can work like a silent form of cooperation.
In an oligopoly, where a small number of firms dominate the market, firms often engage in strategic behavior to maximize their profits. One such strategy is price matching, where firms within a cartel match price cuts by other firms but do not match price increases. This approach can function as a silent form of cooperation among the cartel members.
By matching price cuts, the firms signal to each other a commitment to avoid aggressive price competition and maintain stable market conditions.
This strategy helps to stabilize prices, reduce uncertainty, and maintain profitability for the firms involved. It can create an environment of tacit collusion, where firms implicitly cooperate to avoid price wars and maintain their market positions.
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Leadership is best defined by our text as.... Question 1 options: the ability to reduce the dependence of team members on each other the ability to influence a group toward the achievement of a vision or set of goals the ability to use factors like training and experience to reduce dependence on formal leadership the ability to merely project one's abilities in the lack of actual accomplishments
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Based on sociocultural theory, Leadership is best defined by our text as "the ability to influence a group toward the achievement of a vision or set of goals."
Characteristics of LeadershipLeadership has been found to have some of the following features:
Effective communicationEmpathyConfidenceIntegrityDelegationSelf-AwarenessMotivationCharisma, etc.All of the characteristics above are combined by leaders to influence followers toward accomplishing objectives, goals, or a vision.
Hence, in this case, it is concluded that the correct answer is option B. "the ability to influence a group toward the achievement of a vision or set of goals."
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4.02 day 2 in business
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4.02 Key Terms in Business are
Purchasing: The buying of goods and services for a business.Purchasing Order: The form that a business fills out to order goods; may be the same as a purchase agreement or purchase contract.Purchasing Process: A series of sequential steps taken by purchasing specialists to buy goods and services for a business.What is Purchasing?
The organized procurement of products and services in favor of the buying entity is known as purchasing. To guarantee that necessary materials are acquired in a regular manner and at an affordable cost, purchasing actions are required.
What is purchasing order?
A purchase order, which specifies types, quantities, and agreed-upon prices for goods or services, is a commercial document and the first formal offer made by a buyer to a supplier. It is employed to regulate the acquisition of goods and services from outside providers.
What is Purchasing Process?
The proper procedure of purchasing products and services is called purchasing. While the purchasing process can differ from one firm to another, there are some fundamental components that are universal. A demand or necessity, which could be for a product or service, typically kicks off the process.
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