Answer:
market supply of labor
Explanation:
The description provided is for a term known as the market supply of labor. In the context of economics, this term refers to the number of individual workers of a specific trait and with a specific skill level who supply their labor for varied prices. When dividing this by type of work it is the horizontal summation of the individuals' labor supply curves as can be seen in the graph shown attached.
Which of the following is a strategy that may be used to gain financial success?
1_ buy what you want
2_ignore risks
3_make a financial plan
4_borrow money for fun
You are a newspaper publisher. You are in the middle of a one-year factory rental contract that requires you to pay $500,000 per month, and you have contractual salary obligations of $1,000,000 per month that you can’t get out of. You also have a marginal printing cost of $0.35 per paper as well as a marginal delivery cost of $0.10 per paper. Instructions: Enter your answers rounded to two decimal places.
a. If sales fall by 20 percent from 1,000,000 newspapers per month to 800,000 newspapers per month, what happens to the AFC per newspaper?
AFC per newspaper rises from $____ to $_____.
b. What happens to the MC per newspaper?
MC per newspaper does not change
c. What happens to the minimum amount that you must charge to break even?
it rises from $____ to $_____.
a. The AFC increases from $1.50 to $1.88 after the decrease in sales.
b. The Marginal Costs (MC) do not change.
C. It rises. The company needed to charge $1.85 per paper
How does one arrive these answers?The analysis of the answers go thus:
a. The average fixed cost (AFC) was $1.50, which equate the total fixed cost ($1.5 million) divide it by number of papers sold (1 million). By extension,
= $1,500,000/1,000,000).
Assume sales fall by 20% to 800,000 papers sold, the new AFC is $1.88.
= the total fixed cost divided by the new number of papers sold, = $1,500,000/800,000).
Thus, the AFC increases from $1.50 to $1.88 after the decrease in sales.
b. The marginal printing and marginal delivery costs are alike; as a result, marginal costs remains same.
c. To break even before the decline in sales, the company needed to charge enough to cover the AFC, $1.50, and the AVC, $0.35, which is the sum of the printing cost and delivery cost per paper. Thus, the company needed to charge $1.85 per paper. To break even after the decline in sales, the company needs to charge enough to cover the AFC, $1.88, and the AVC, $0.35, which is the sum of the printing cost and delivery cost per paper (note this does not change because the cost is per paper). Thus, the company needs to charge $2.23 per paper.
Therefore, the correct answer is as given above.
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Yancey Productions is a film studio that uses a job-order costing system. The company’s direct materials consist of items such as costumes and props. Its direct labor includes each film’s actors, directors, and extras. The company’s overhead costs include items such as utilities, depreciation of equipment, senior management salaries, and wages of maintenance workers. Yancey applies its overhead cost to films based on direct labor-dollars.At the beginning of the year, Yancey made the following estimates:Direct labor-dollars to support all productions $ 8,260,000Fixed overhead cost $ 4,956,000Variable overhead cost per direct labor-dollar $ 0.17Required:1. Compute the predetermined overhead rate. (I found the answer: .77 per DL$)2. During the year, Yancey produced a film titled You Can Say That Again that incurred the following costs:Direct materials $ 1,386,000Direct labor cost $ 2,478,000Compute the total job cost for this particular film.Direct Materials: $1,386,000Direct Labor: $2,478,000
Answer and Explanation:
The computation is shown below:
Predetermined overhead rate is
= Variable overhead cost per direct labor hours + Fixed overhead cost ÷ Direct labor-dollars
= $0.17 + $4,956,000 ÷ 8,260,000
= $0.17 + $0.6
= $0.77
Now the total cost is
= Direct material cost + direct labor cost + manufacturing cost
= $1,386,000 + $2,478,000 + ($2,478,000 × $0.77)
= $5,772,060
Mindmeister provides a free online service for people to visually map their brainstorming processes, ideas, and collaborative creative work. Users can create three maps for free and share them with as many people as they like. A user can upgrade to other packages for a fee and a greater service offering. Mindmeister’s upgrade is an example of augmented service that:
The upgrade to Mindmeister is an illustration of a service that has been enhanced, as it reduces customer satisfaction, suppresses revenue, and doesn't raise revenue per user.
How collaborative is MindMeister?
The industry leader in online collaborative mind mapping is MindMeister. To make sure that everyone is always in sync, the free programme enables you to share mind maps with an unlimited number of people and collaborate with them in real-time.
What does MindMeister do?
Students can use MindMeister, an online collaborative mind mapping application, to comprehend and draw connections between concepts, ideas, and data. Users who want to gather information on a certain subject might utilise mind maps.
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Required information
[The following information applies to the questions displayed below.]
On January 1, Mitzu Company pays a lump-sum amount of $2,650,000 for land, Building 1, Building 2, and Land
Improvements 1. Buildin has no value and will be demolished. Building 2 will be an office and is appraised at
$737,500, with a useful life of 20 years and a $80,000 salvage value. Land Improvements 1 is valued at $354,000
and is expected to last another 12 years with no salvage value. The land is valued at $1,858,500. The company also
incurs the following additional costs.
Cost to demolish Building 1
Cost of additional land grading
Cost to construct Building 3, having a useful life of 25 years and a $400,000 salvage value
Cost of new Land Improvements 2, having a 20-year useful life and no salvage value
2. Prepare a single journal entry to record all the incurred costs assuming they are paid in cash on January 1.
$ 348,400
191,400
2,282,000
173,000
Based on the information, the journal entry is Illustrated below.
Land $1,858,500
Building 2 $737,500
Land Improvements 1 $354,000
Cost to demolish Building 1 $348,400
Cost of additional land grading $191,400
Building 3 $2,282,000
Land Improvements 2 $173,000
Cash $5,934,800
How to explain the informationIn this journal entry, you would debit the Land account for its value of $1,858,500, the Building 2 account for its appraised value of $737,500, the Land Improvements 1 account for its value of $354,000.
The Cost to demolish Building 1 account for $348,400, the Cost of additional land grading account for $191,400, the Building 3 account for $2,282,000, the Land Improvements 2 account for $173,000, and credit the Cash account for the total payment of $5,934,800.
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Two factors that can cause a person to change their status from *employed" to "not economically active"
A person's economic status can move from "employed" to "non-economically active" due to two circumstances.
For men, being out of the labor force due to illness or disability has been the main cause. The main motivation for women has been to take care of a family member.The population that is engaged in the economy includes both employed and unemployed people. The population that is "economically active" is referred to as the labor force or labor supply. Those who were working for pay, profit, or family gain at the time of the census are considered employed.
The labor force is a crucial element of economic expansion: Businesses are able to increase production and employment when more people join the workforce.
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is the money you receive from work that you do and from
money that you invest.
Yes and now that you have money that you invested with your time you get to chose where it gose to.
Answer:
Money received for work is/are _____.
taxes
wages
mean salary
expenses
i think its wages
why does call of duty make so much games?????
Answer:
because they want money why else
s
t
u
p
i
d
Explanation:
Superior Micro Products uses the weighted-average method in its process costing system. During January, the Delta Assembly Department completed its processing of 25,100 units and transferred them to the next department. The cost of beginning work in process inventory and the costs added during January amounted to $643,300 in total. The ending work in process inventory in January consisted of 3,400 units, which were 40% complete with respect to materials and 20% complete with respect to labor and overhead. The costs per equivalent unit for the month were as follows: Materials Labor Overhead Cost per equivalent unit $ 13.40 $ 3.40 $ 7.80 Required: 1. Compute the equivalent units of materials, labor, and overhead in the ending work in process inventory for the month. 2. Compute the cost of ending work in process inventory for materials, labor, overhead, and in total for January. 3. Compute the cost of the units transferred to the next department for materials, labor, overhead, and in total for January. 4. Prepare a cost reconciliation for January. (Note: You will not be able to break the cost to be accounted for into the cost of beginning work in process inventory and costs added during the month.)
1. Compute the equivalent units of materials, labor, and overhead in the ending work-in-process inventory for the month.
Materials Labor Overhead Equivalent units
2. Compute the cost of ending work in process inventory for materials, labor, overhead, and in total for January. Materials Labor Overhead Total
Cost of ending work in process inventory
3. Compute the cost of the units transferred to the next department for materials, labor, overhead, and total for January. Materials Labor Overhead Total Cost of units completed and transferred out
4. Prepare a cost reconciliation for January. (Note: You will not be able to break the cost to be accounted for into the cost of beginning work in process inventory and costs added during the month.)
Cost Reconciliation
Total cost to be accounted for
Costs accounted for as follows:
Cost of units completed and transferred out
Cost of ending work in process inventory
Total cost accounted for
Answer: count
Explanation:
Marks Corporation has two operating departments, Drilling and Grinding, and an office. The three categories of office expenses are allocated to the two
operating departments using different allocation bases. The following information is available for the current period:
office Expenses
Salaries
Depreciation
Advertising
Department
Drilling
Grinding
Total
Total
$ 56,000
35,000
69,000
Number of employees
1,600
2,400
4,000
The amount of salaries that should be allocated
Allocation Basis
Number of employees
Cost of goods sold
Percentage of total
sales
Sales
$.392,000
588,000
$ 980,000
Ginting for
Cost of goods sold
$ 144,400
235,600
$ 380,000
The total amount of office expenses allocated to the Drilling department is $43,166, option (b) is correct.
The allocation of office expenses to the Drilling department is based on the allocation bases provided in the problem, which are the number of employees and the cost of goods sold.
Salaries allocation rate = $42,000 ÷ 3,000 employees
= $14 per employee
Depreciation allocation rate = $22,000 ÷ $250,000 cost of goods sold
= 0.088 or 8.8% of the cost of goods sold
Advertising allocation rate = $45,000 ÷ $850,000 net sales
= 0.0529 or 5.29% of net sales
Using the allocation rates, the amount of office expenses allocated to the Drilling department is:
Salaries = 1,200 employees × $14 per employee
= $16,800
Depreciation = $95,000 cost of goods sold × 8.8% allocation rate
= $8,360
Advertising = $340,000 net sales × 5.29% allocation rate
= $18,006
Total amount = $16,800 + $8,360 + $18,006
= $43,166
Hence, option (b) is correct.
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The complete question is:
Marks Corporation has two operating departments, Drilling and Grinding, and an office. The three categories of office expenses are allocated to departments using different allocation bases. The following information is available for the current period.
The amount of the total office expenses that should be allocated to Drilling for the current period is:
a. $35,750
b. $43,166
c. $54,250
d. $90,000
Cedric Company recently traded in an older model computer for a new model. The old model's book value was $140,000 (original cost of $370,000 less $230,000 in accumulated depreciation) and its fair value was $210,000. Cedric paid $65,000 to complete the exchange, which has commercial substance.
Calculate the following values:
1. Amount to debit for new equipment
2. Amount to debit accumulated depreciation
3. Amount to credit to cash
4. Amount to credit for old equipment
5. Gain or loss on sale
Answer:
1. $210,000
2.$230,000
3. $65,000
4. $370,000
5. $135,000 loss
Explanation:
1. Amount to debit for new equipment
Use the Fair Value of Asset given
2. Amount to debit accumulated depreciation
Use the accumulated depreciation of asset given up.
3. Amount to credit to cash
Use the Cash Paid up
4. Amount to credit for old equipment
Use the cost of asset given up
5. Gain or loss on sale
Gain or loss = Carrying Amount - Fair Value - Cash traded up
Wilson is expected to work 40 hours each week, be in the office for critical meetings, and to meet all agreed-upon deadlines. His manager, however, allows him to work flexible hours that best fit his personal commitments. This is an example of
Answer:
Employee empowerment
Explanation:
From the question we are informed about Wilson who is expected to work 40 hours each week, be in the office for critical meetings, and to meet all agreed-upon deadlines. His manager, however, allows him to work flexible hours that best fit his personal commitments. In this case, This is an example of Employee empowerment.
Employee empowerment can be regarded as ways organization serve he employees in that organization some certain degree of autonomy as well as control in daily activities. This could be allowing employee to have voice in improvement and others.
This is an example of employee empowerment.
Employee empowerment is a social process that takes place in the workplace, through which employees begin to acquire greater benefits than those mentioned when hiring.
Thus, employees are equated with bosses in terms of the flexibility of their demands within the company, as long as they fulfill their tasks efficiently.
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Part 2 - Drill and Kill- Answer the following questions.
Units produced per hour
Baskets
Rings
Isaac
Sarah
6
5
24
10-
1. Is this an output problem or an input
problem? OUTPUT
2. What is Isaac's opportunity cost of
producing 1 basket?
3. What is Sarah's opportunity cost or
producing 1 ring?
4. What is Isaac's opportunity cost of
producing 1 ring?
5. What is Sarah's opportunity cost of
producing 1 basket?
6. Who has the absolute advantage in
producing baskets?
7. Who has the absolute advantage in
producing rings?
8. Who has the comparative advantage in
producing baskets?
9. Who has the comparative advantage in
producing rings?
10. What would acceptable terms of trade
be between Isaac and Sarah?
Canada
Mexico
Hours to produce one unit
Skyscraper
Space Shuttle
600
800
500
1000
1. Is this an output problem or an input
problem? Out Put
2. What is Canada's opportunity cost of
producing skyscraper?
3. What is Mexico's opportunity cost or
producing 1 space shuttle?
4. What is Canada's opportunity cost of
producing 1 space shuttle?
5. What is Mexico's opportunity cost of
producing 1 skyscraper?
6. Who has the absolute advantage in
producing skyscrapers?
115
7. Who has the absolute advantage in
producing space shuttles?
8. Who has the comparative advantage
in producing space shuttles?
9. Who has the comparative advantage
in producing skyscrapers?
10. What would acceptable terms of
trade be between Canada and
Mexico?
The responses to each question on opportunity cost are as follows:
This is an output problem.Isaac's opportunity cost of producing 1 basket is 5 rings.Sarah's opportunity cost of producing 1 ring is 0.4 baskets.Isaac's opportunity cost of producing 1 ring is 0.2 baskets.Sarah's opportunity cost of producing 1 basket is 2.5 rings.What are the responses to other questions?The following are responses to the questions on absolute advantage:
6. Isaac has the absolute advantage in producing baskets.
7. Sarah has the absolute advantage in producing rings.
8. Isaac has the comparative advantage in producing baskets.
9. Sarah has the comparative advantage in producing rings.
10. Acceptable terms of trade would depend on the specific negotiation between Isaac and Sarah. However, a possible acceptable term of trade could be exchanging 1 basket for 3 rings.
1. Is this an output problem or an input problem?
- This is an output problem.
2. What is Canada's opportunity cost of producing a skyscraper?
- Canada's opportunity cost of producing a skyscraper is 800 space shuttles.
3. What is Mexico's opportunity cost of producing 1 space shuttle?
- Mexico's opportunity cost of producing 1 space shuttle is 0.625 skyscrapers.
4. What is Canada's opportunity cost of producing 1 space shuttle?
- Canada's opportunity cost of producing 1 space shuttle is 0.75 skyscrapers.
5. What is Mexico's opportunity cost of producing 1 skyscraper?
- Mexico's opportunity cost of producing 1 skyscraper is 1.6 space shuttles.
6. Who has the absolute advantage in producing skyscrapers?
- Canada has the absolute advantage in producing skyscrapers.
7. Who has the absolute advantage in producing space shuttles?
- Mexico has the absolute advantage in producing space shuttles.
8. Who has the comparative advantage in producing space shuttles?
- Mexico has the comparative advantage in producing space shuttles.
9. Who has the comparative advantage in producing skyscrapers?
- Canada has the comparative advantage in producing skyscrapers.
10. What would acceptable terms of trade be between Canada and Mexico?
- Acceptable terms of trade would depend on the specific negotiation between Canada and Mexico. However, a possible acceptable term of trade could be exchanging 1 space shuttle for 2.5 skyscrapers.
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Suppose you have the following information about a fictitious economy. Assume there are no taxes in this economy. Disposable Income and Consumption Disposable Income (dollars) Consumption (dollars) $0 $9,000 8,500 15,500 18,500 22,000 28,500 28,500 38,500 35,000 48,500 41,500 Instructions: In parts a and c, enter your answers as a whole number. In part b, round your answers to two decimal places. a. What is the equilibrium level of consumption
The equilibrium level of consumption is $28500.
The equilibrium level of consumption is at the point where the disposable income is equal to the consumption.
If this was properly placed in a tabular form, we would clearly see that when the disposable income was at $28500, the consumption in dollars was also at the same price level.
Given this condition, we can conclude in economics that consumption is at its level of equilibrium.
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In a communist economy all economic activities are controlled by?
Answer:
benefits of quality management
what is the purpose of IDP
The basic purpose of IDP is to assist the employees in their career and personal development.
What do you mean by purpose?The purpose means the reason for which something can be done or created.
The basic purpose of IDP is to help employees for reaching short and long-term career goals as well as to improve their current job performance.
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opportunities and threat in safaricom
Answer:
what do you mean
Explanation:
In your business plan, you note that investors can expect to gain 110 percent of their investment back after three years. The time frame here provides your:
Group of answer choices
turnover.
point-of-sale.
rate of return.
return on interest.
If in your business plan, you note that investors can expect to gain 110 percent of their investment back after three years. The time frame here provides your: C. rate of return.
What is rate of return?Rate of return can be defined as the gain or loss a person make on their investment and the rate of return is in a form of percentage.
In a situation where a person who invest his/her money into a business make a profit of 110% of the amount the person invested after two to three years this is called a rate of return.
Therefore the correct option is C.
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New Venture Management (1)
1. Explain the below the process of financial management.
*. Importance of Financial Statements - Preparation of historic Financial statements
*. Forecasts - Preparation of Forecasts
*. Budgets - Preparation of pro forma financial statement
*. Financial Ratios - Ongoing analysis of financial results
The process of financial management involves the preparation and analysis of historic financial statements, forecasts, budgets, and ongoing monitoring of financial ratios.
The process of financial management involves several key components that contribute to effective financial decision-making and the overall financial health of a business. Here is an explanation of each component:
Importance of Financial Statements - Preparation of Historic Financial Statements:
Financial statements, such as the income statement, balance sheet, and cash flow statement, provide a historical snapshot of a company's financial performance, position, and cash flows. These statements are crucial for assessing profitability, liquidity, solvency, and overall financial stability. By analyzing past financial statements, management can identify trends, evaluate the impact of previous decisions, and make informed decisions for the future.
Forecasts - Preparation of Forecasts:
Forecasts involve projecting future financial performance based on historical data, market trends, and other relevant factors. This process helps businesses anticipate potential opportunities, challenges, and financial needs. Forecasts typically include projected income statements, balance sheets, and cash flow statements, providing insights into expected revenue, expenses, assets, liabilities, and cash flows. It enables management to plan and allocate resources effectively, set financial goals, and make strategic decisions.
Budgets - Preparation of Pro Forma Financial Statements:
Budgets are financial plans that outline anticipated income, expenses, and cash flows for a specific period, typically on a monthly, quarterly, or annual basis. Pro forma financial statements, including pro forma income statements, balance sheets, and cash flow statements, are created as part of the budgeting process. Budgets help in setting targets, allocating resources, and monitoring performance against the planned financial objectives. They serve as a roadmap for financial management and aid in identifying areas that require adjustment or improvement.
Financial Ratios - Ongoing Analysis of Financial Results:
Financial ratios are quantitative indicators that provide insights into a company's financial performance, efficiency, and profitability. Ratios compare different financial figures from the financial statements to assess liquidity, profitability, solvency, efficiency, and other key aspects. By monitoring and analyzing financial ratios on an ongoing basis, management can identify trends, compare performance against industry benchmarks, and make informed decisions to optimize financial performance. These components contribute to understanding a company's financial position, making informed decisions, and driving sustainable growth and profitability.
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Which of the following animals would be difficult for most large animal veterinarians to treat?
A. pig
B. goat
C. horse
D. zebra
Answer:
d. zebra
Explanation:
edge 2021
Question 8 of 10
Most applications will ask you to provide all of the following information
except.
OA. days and hours that you are available to work.
B. the date you can start work.
OC. how long you want to work for the establishment,
OD. your desired salary or wage.
SUBMIT
Most applications will ask you to provide all of the following information except C. how long you want to work for the establishment,
What is the essence of applications?Application can be described as the way o0f applying fo one job or the other in a paricular organization so that one can start job with tem.
It should be noted that during the application, there are different question that needed to be answered which could be differ from one organization to the other, such as days and hours that you are available to work as well as desired salary or wage in the organization.
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In a private enterprise economic system, the interaction of supply an demand primarily determines
How is the economy measured using the circular flow model in the resource market?
A. National Income Accounting
B. Consumer Price Index
C. Gross Domestic Product
D. Revenue and Taxes
Dylan made a presentation on the organization of the federal government of the United States. What indicates that Dylan's presentation was
well organized?
Answer:
The presentation made good use of visual aids.
Explanation:
Given that a well-organized presentation is a type of presentation that attracts and satisfies the audience's curiosity and at the same time is well relevant to the topic of discussion.
Hence, in this case, the correct answer to the question is "The presentation made good use of visual aids."
This is because the visual aids in the presentation attract the audience and at the same time depicts relevant points to the topic
An employee works 51 hours (51 - 40 were overtime hours) during a workweek in December of 2021. He earns $10,000/month, with his employer paying 1.5 times the regular rate of pay for overtime hours. To date, he has earned $144,100 during the year. He has requested that his employer withhold 9% of gross pay, which is to be contributed to a 401(k) plan.
1) The gross pay for this employee for the week is $3,531.25.
2) The taxable income used to calculate federal income tax withholding, Social Security, and Medicare tax is $134,344.44.
What is the taxable income?The taxable income refers to the adjusted gross earnings after subtracting all known and tax-allowed deductions.
The taxable income is the difference between the gross earnings and the total deductions. This net amount is used to calculate withholding tax, social security, and medicare tax.
Data and Calculations:Hours worked in a week = 51 hours
Normal workweek hours = 40 hours
Overtime hours = 11 hours (51 - 40) at 1.5 times
Earnings per month = $10,000
Regular rate of pay = $62.50 ($10,000/40)
Amount earned to date = $144,100
Earnings for the week:
Regular earnings = $2,500 (40 x $62.50)
Overtime earnings = $1,031.25 (11 x $62.50 x 1.5)
Gross pay for the week = $3,531.25 ($2,500 + $1,031.25)
Gross earnings to date = $147,631.25 ($144,100 + $3,531.25)
401(k) plan contributions = $13,286.81 (147,631.25 x 9%)
Taxable income = $134,344.44 ($147,631.25 - $13,286.81)
Thus, the taxable income to calculate federal income tax withholding, Social Security, and Medicare tax is $134,344.44.
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Question Completion:Calculate gross pay for the weekly pay period, then determine taxable income used to calculate federal income tax withholding, Social Security, and Medicare tax.
Risk-averse investors prefer to minimize uncertainty with their expectations of income from their investment. is More Dividends or Fewer Dividends?
Investors who are risk adverse aim to reduce uncertainty in their projections of investment returns: more dividends. A corporation's payout of profits to its shareholders is known as a dividend.
A dividend is a payment made by a corporation to its shareholders that is decided by the board of directors. Dividend payments are frequently made quarterly and might take the form of cash payments or stock reinvestments. A dividend is a gift that a business delivers to its shareholders, whether it be cash or something else. Dividends may be distributed in a number of ways, including stock dividends, cash payments, and other forms. The board of directors of a company determines its dividend, which requires shareholder approval. Regular profit-sharing payments between a corporation and its investors are known as dividends. The price per share, as well as the timing and frequency of dividend payments, are decided by a company's board of directors. A source of income, which can be particularly important during periods of inflation, can be provided by dividend stocks.
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What is a common writing problem that should typically addressed when completing ones work.
Question's missing part;
The common writing problems are as follows:
A) The writer creates shorter sentences that are too clear.
B) The writer uses active voice.
C) The writer proofreads work too much.
D) The writer has trouble focusing.
While doing any writing, the common problem faced at the time of completion of work is the trouble in focusing on the topic of writing.
Option D is the correct answer.
What is a writing?A writing is an activity done by the writers which can be essays, stories, articles, etc.
Whenever a person writes on any topic related to any kind of writing, then the most common problem is the attention towards that topic. The writers gets easily distracted by the surroundings, felt tiredness, negligent mistakes, no planning about writing, etc.
Therefore, the problem of focus is to be addressed commonly while doing any writing task.
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Selling: Determine where you will sell the product.
Technique of product sale many techniques for selling Conceptual selling, Inbound selling, Solution and value selling, Sandler system, SNAP selling, SPIN selling, Challenger sales strategy Examine and visualize your sales process.
Where will you be selling your goods?eBay is an online auction site. With more than 170 million active buyers, eBay is one of the most well-known online marketplaces.
Creative Seller Marketplace on Etsy.
Marketplace for Unusual Goods, Bonanza.
Walmart's online store is a very reputable one.
the internet.
How would you promote your goods?Internet visibility. Having an internet presence is useless if no one is aware of it, which is what happens to many startups.
Retail Spaces.
Radio and TV commercials.
Markets.
Trade Shows.
social networking.
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Which of the following is an example of changing inputs in regard to equity theory?
a.
working more hours to move up the hierarchy
b.
working more hours if underpaid
c.
exerting less effort if underpaid
d.
exerting more effort if underpaid
e.
working at a higher rate if working on a piece-rate basis
An example of changing inputs with regard to equity theory is exerting less effort if underpaid. Thus, the correct answer is option C.
What is the equity theory?The goal of equity theory is to ascertain if the allocation of resources is equitable to both relational partners. The ratio of each person's advantages (or rewards) to contributions (or costs) is used to calculate equity. Equity theory, was first developed in the 1960s by J. Stacy Adams, who claimed that employees try to maintain equity between the contributions they make to a job and the results they get in comparison to the perceived contributions and results of others.
According to the Equity Theory, humans frequently design systems that allow resources to be equitably distributed among group members in order to maximise individual gains. Relationships with inequality will make those inside of them miserable to a degree proportional to the degree of inequality. The ratio of inputs to outcomes serves as the foundation for workplace equity. The employee's contributions to the organization are referred to as inputs.
Therefore, exerting less effort if underpaid is an example of changing inputs in regard to equity theory.
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explain the concept of delegation of authority
Explanation:
Delegation of authority is a process that enables a person to assign a task to others. As a manager or leader, you're expected to perform several tasks and meet multiple deadlines. To ensure that you achieve your objectives on time, you delegate responsibility to your team members
Answer:
In order to meet the targets, the manager should delegate authority. Delegation of Authority means division of authority and powers downwards to the subordinate. Delegation is about entrusting someone else to do parts of your job. Delegation of authority can be defined as subdivision and sub-allocation of powers to the subordinates in order.
Explanation: