One thing that is not a common complaint about MBO is that it is too informal or lacks structure.
What are common complaint about MBO?One of the common complaints about Management by Objectives (MBO) is that it can create a rigid and inflexible environment that focuses too much on achieving specific goals and objectives at the expense of other important factors.
MBO is a structured performance management approach that involves setting specific, measurable, and achievable objectives for employees, aligning these objectives with the overall goals of the organization, and regularly monitoring progress towards these objectives. MBO provides a clear framework for goal-setting and performance evaluation, and it is often used in conjunction with other performance management tools such as performance appraisals and feedback.
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A one-time investment of $1,000 is made into a financial asset that has an average annual return of 8.25%. What is the future value in 5 years?
$1,082.5
$1,412.5
$1,486.41
$1,671.14
To calculate the future value of a one-time investment with a fixed interest rate, we can use the formula for compound interest:
FV = PV x (1 + r)^n
where FV is the future value, PV is the present value or initial investment, r is the interest rate, and n is the number of compounding periods.
In this case, we have:
PV = $1,000
r = 8.25% = 0.0825
n = 5 years
Plugging these values into the formula, we get:
FV = $1,000 x (1 + 0.0825)^5
FV = $1,000 x 1.46933
FV = $1,469.33
Rounding to two decimal places, the future value of the investment after 5 years is $1,486.41. Therefore, the answer is option C: $1,486.41.
when interest fall preferred issues are trading at a
When interest rates fall, preferred issues are likely to trade at a higher price.
This is because preferred stocks are generally viewed as fixed-income securities, meaning that their dividend payments are fixed and consistent, much like a bond's interest payments. As interest rates decline, investors seeking higher yields may turn to preferred stocks as an alternative to bonds, driving up demand and prices for these securities. Additionally, because preferred stocks often have call provisions that allow issuers to redeem the shares at a predetermined price, issuers may be less likely to exercise these provisions when interest rates are low, further supporting the price of preferred stocks.
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For my macroeconomics class, what’s the difference between CONSUMER SPENDING and CONSUMER BUYING?
Connie and Darran, the EMTs from the Lessons, are working with a patient. He called 911 about chest pains and difficulty breathing, but when the EMTs arrived the patient said he was feeling fine and the pains had passed. What should Connie and Darran do next?
A.
tell the patient to visit a doctor in the next few days for tests if the problems return
B.
measure the patient’s vital signs while driving to the hospital for tests
C.
stay with the patient for a few minutes to monitor him and then leave if he seems fine
D.
provide the patient with medication to prevent a future heart attack
Connie and Darran provide the patient with medication to prevent a future heart attack. option d is correct.
If the patient called 911 for chest pains and difficulty breathing but no longer has those symptoms when the EMT arrived, Connie and Darran should stay with the patient for a few minutes to monitor him and assess his condition. They should ask him about his medical history, including any prior episodes of chest pain or heart disease. They should also take his vital signs, including blood pressure, pulse rate, respiratory rate, and oxygen saturation level.
Based on their assessment, Connie and Darran should determine whether the patient needs to be transported to a hospital for further evaluation and testing.
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Which factor has the highest influence on the growth for the academic administrator career field in the United States?
A.
age of the local population
B.
state and local budgets
C.
current Secretary of Education
D.
competition from international colleges
State and local budgets factor has the highest influence on the growth for the academic administrator career field in the United States.
State and local budgets have the highest influence on the growth of the academic administrator career field in the United States. Budget constraints can impact the number of administrators that schools can afford to hire, as well as their compensation and benefits. Changes in budget allocation may also affect the level of investment in academic programs and research, which can, in turn, influence the demand for administrators. Age of the local population, current Secretary of Education, and competition from international colleges are not significant factors in the growth of this career field. State and local budgets are financial plans that outline the revenues and expenditures of state and local governments, allocating resources for public services.
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define multinational company and give examples from the local company?
Answer:
Products and services of MNCs are sold around various countries which require global management.
High turnover and many assets, aggressive marketing are some of the features of Multinational Companies.
LTI, TCS, Tech Mahindra, Deloitte, Capgemini are some of the examples of MNCs in India.
Explanation:
Did anyone do this in edginuity for economics
Done
The image in the question is about the relationship of needs and wants in economics.
Let us fill the blanks in the question-
1. An example of a need is water.
2. An example of a want is expensive cars.
3. If a price of a need goes up people tend to buy about the same amount.
- As the price or cost of a need rises, individuals are likely to continue purchasing roughly the same quantity of the need since it is so vital for survival and doing tasks.
4. If a price of a want goes up people tend to buy lesser than usual.
- Yet, as these demands are not necessary for existence, people are likely to lower their desire for them when the price or cost rises. As a result, the demand for these demands would decline or be lower than usual.
Economics?Economics is the study of scarcity and how it affects how resources are used, how goods and services are produced, how production and welfare evolve through time, and a wide range of other complex issues of vital concern to society.
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Once you have explained how Emma is currently applying the five Ps to the products R&CC sells, identify at least one new way that each of the five Ps could be improved. When making your recommendations, be as specific as possible so that she can execute some of your ideas immediately.
The five Ps of marketing and potential applications Products should meet criteria, prices should be reasonable, staff should be informed, and promotional strategies should successfully communicate
The five Ps of marketing are described in detail, along with potential applications. Emma needs to make sure that the products from R&CC meet the criteria for Pricing should be comparable with those made available by rival merchants while still allowing for a profit margin. Along with making sure that their products are available to customers and that they have a promotional strategy that effectively communicates, Emma needs to make sure that R&CC's staff is knowledgeable, friendly, and offers good customer service.
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what are the main documents required to form a company?
Answer:
Documents Required for Company Registration ; Passport; Election Card or Voter Identity Card; Ration Card ; Bank Statement; Electricity Bill; Telephone Bill ...
Explanation:
One famous story of the Buddha is the following.
Many followers are waiting for him to come and teach them. After a long wait, he comes out and says nothing. Rather, he simply picks up a white flower and held it out. What does this mean?
That anything the Buddha can say would be to some extent distortive of what is directly experienced.
That students had to learn to observe little things before they could absorb the profundity of the Buddhas' teachings.
That white flowers capture the essence of enlightenment
That the little white flower was more real than their own self image.
According to most Buddhists, intentions are central in determining what kind of action is performed by an agent.
False. For Buddhists, intentions are not too important for actions.
False. Buddhist do not discuss the role of intentions in actions.
True. Actions are settled by aims, plans, and goals of the agent.
intention.
True. The only thing that matters for an action is the
True, according to buddhists The only thing that matters for an action is the intention
By budhists it is considered that an action's intention shapes its karmic effects and determines whether it was skilled or unskillful. The Buddha asserted that there are three categories of intentions that can drive behavior: good, bad, and neutral intents. Generosity, kindness, and compassion are examples of wholesome intentions, whereas hatred, delusion, and greed are examples of unwholesome goals. Intentions that have neither good karmic effects nor bad karmic effects are considered neutral. The Buddha says that the three types of right intentions are: those of renunciation, good will, and harmlessness.
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help po asap now na
Describe the steps for the process of granting credit to customers
Explanation:
While granting customer credit, the sales associate has to follow certain steps, which include creation of credit policy, obtaining credit application, checking customer references, getting a personal guarantee, run a credit check, setting limits of credit and payment terms.
The ability of employers to increase their net revenue by paying low wages is limited primarily by
Explanation:
A monopsony is a market condition in which there is only one buyer. Because there is only one buyer for a good or service, the buyer sets the demand, and therefore, controls the price. Monopsonies, like monopolies, are inefficient to a free market, where supply and demand regulate prices to be fair for consumers.
Efficiency wages refer to employers paying higher than the minimum wage to retain skilled workers, increase productivity, or ensure loyalty.
A monopsony is when a firm is the sole purchaser of a good or service whereas a monopoly is when one firm is the sole producer of a good or service. Most examples of monopsony have to do with the purchase of workers' time in the labor market, where a firm is the sole purchaser of a certain kind of labor.
Monopsony power—that is, market power that allows employers to set wages below the marginal revenue product—can arise from several sources. In some localities, there is only one employer of workers in certain occupations, and therefore such workers would have to commute longer distances or move to get a higher wage.
minimum wage laws, labor market competition, and worker productivity and efficiency,which limit the ability of employers to increase their net revenue
Minimum wage laws are regulations that set a minimum amount of compensation that employers must pay to their workers for their services. The primary purpose of minimum wage laws is to protect workers from being exploited by their employers and to ensure that they receive a fair wage that reflects the value of their work.From the perspective of employers, the ability to increase their net revenue by paying low wages is limited by minimum wage laws. When the minimum wage is raised, employers must pay their workers a higher wage, which reduces their net revenue. However, the impact of minimum wage laws on net revenue can vary depending on factors such as the size of the wage increase, the level of competition in the labor market, and the productivity and efficiency of the workers.Overall, minimum wage laws are intended to promote fairness in the labor market and to ensure that workers are able to earn a decent living wage.
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Being an EMT is a full-time job, with many EMTs working 12- or even 24-hour shifts.
A.
True
B.
False
Wind turbine technicians build, fix, and maintain turbines that tower high in the air. What skills and personal preferences do people MOST need to succeed in this career?
A.
good analytical skills and comfort in an office setting
B.
scientific skills and a love of travel
C.
strength, mechanical skills, and an adventurous side
D.
mathematical skills and a love of learning
If the Wind turbine technicians build, fix, and maintain turbines that tower high in the air. The skills and personal preferences that people MOST need to succeed in this career is: C. strength, mechanical skills, and an adventurous side are the skills and personal preferences that people most need to succeed in a career as a wind turbine technician.
What skills and personal preferences do people MOST need to succeed in this career?Wind turbine technicians work on tall structures, often in remote or difficult-to-access locations, and must be comfortable working at heights. They use hand and power tools to repair and maintain the turbines, which requires mechanical skills and physical strength.
In addition, wind turbine technicians may be required to work outdoors in varying weather conditions, climb ladders or stairs, and lift heavy equipment. An adventurous spirit and the ability to adapt to changing environments are also important qualities for success in this career.
Therefore the correct option is C.
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What five criteria should be considered when choosing storage equipment and supplies?
Which one of the following is one way to think about management?Noreen likes it when her boss recognizes that she met the deadline and tried her best, even if what she gave him was not exactly what he was expecting. Noreen is motivated by
In the example provided, Noreen is motivated by a desire for achievement since she enjoys it when her employer acknowledges that she met the deadline.
The ability to strive for the highest level of performance is known as achievement motivation. The individual is driven by success and thrives on compliments regarding their work. The fact that someone who is driven by achievement is more likely to take jobs that are neither too demanding nor too simple should be emphasized. A person who has the ability to be driven by success fears failing in certain situations. It is thought that a student is academically accomplishment oriented if they turn in assignments on time and appreciate getting feedback.
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Complete Question:
Noreen likes it when her boss recognizes that she met the deadline and tried her best, even if what she gave him was not exactly what he was expecting. Noreen is motivated by fill in the blanks.
Performance-based goals should be set before time-based goals.
A.
True
B.
False
Answer:
А
Explanation:
Because quality is above all, doing something that is not of high quality, there is a risk of getting a refusal or negative feedback.
Therefore, quality is above all, and then comes speed.
Consider four investments with otherwise equivalent characteristics. An owner of Investment A is allowed to expense the entire purchase price immediately for tax purposes. An owner of Investment B depreciates the purchase price of the investment over time but at a rate that
accelerates the expensing relative to the true economic depreciation. An owner of Investment C depreciates the investment at a rate that matches the true economic depreciation. An owner of Investment D depreciates the investment at
a rate that is slower than the true economic depreciation. The pre-tax rate of return on the cash flows is 12%. What can be said about the after-tax rates of return for each investment for a taxpayer in an income tax bracket of 25%?
Any type of depreciation in which the company depreciates a larger amount of an asset's value sooner in the asset's life is referred to as accelerated depreciation.
What is accelerated depreciation in economics?
A capital asset's book value is decreased utilizing the accelerated depreciation technique more quickly (than it would using conventional depreciation methods as the straight-line approach).
Techniques of depreciation that permit larger depreciation charges throughout the first years of an asset's life and reduced charges during the latter years. These approaches are referred to be accelerated because they permit greater early depreciation adjustments than the straight-line method does.
Accelerated depreciation is beneficial for a few reasons. Secondly, it enables companies to more immediately deduct the cost of brand-new assets, which can enhance cash flow. Second, it may encourage companies to spend money on new machinery and capital goods, which might increase productivity.
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Third-party logistics refers to
Multiple Choice
the use of outside firms to help move goods from here to there.
the movement of goods within a warehouse, from warehouses to the factory floor, and from the factory floor to various workstations.
managing the flow of unfinished products to business buyers and ultimate consumers.
bringing goods back to the manufacturers because of defects or to recycle.
Whereas Third-party logistics is concerned with getting goods and products to customers, inbound logistics deals with bringing supplies or resources into a business.
Who aids in the transfer of commodities and services from producers to businesses and from firms to consumers?Business-to-business (B2B) and business-to-consumer (B2C) intermediaries in marketing are companies that help move products and services between these two groups (B2C). They are positioned in the middle of a number of companies that distribute goods, which is why they are known as intermediaries.
when a business employs an organisation to help move goods and services?The practise of outsourcing involves contracting a third party from outside the organisation to carry out tasks or produce items that were previously completed internally by the company's staff.
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The project sponsors have informed the project manager that they would like to be included in the weekly meetings along with the team members. What should the project manager update to include the sponsors in the weekly meetings?
When the project sponsors express their desire to be included in the weekly meetings with the team members, the project manager should update the project communication plan to reflect this change.
The communication plan should include details about who will be involved in the meetings, when they will be held, and what will be discussed. The project manager should also ensure that the sponsors have access to any necessary project documentation, such as status reports, schedules, and budget updates.
In addition, the project manager should communicate with the team members to inform them of the change and ensure that they understand the role of the sponsors in the project. It may also be beneficial for the project manager to establish guidelines or ground rules for the meetings to ensure that they are productive and efficient.
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Jorge set a goal to get good grades in his math class. This is an example of a short-term, performance-based goal on the way to Jorge becoming an accountant. What quality do MOST performance-based goals share?
A.
easy to attain
B.
measurable
C.
long-term in focus
D.
based in finance
The correct option is B. Most performance-based goals share the quality of being measurable.Performance-based goals are focused on specific actions or behaviors that individuals can perform to achieve a desired outcome.
These goals are typically short-term in nature, and are designed to help individuals develop the skills and habits they need to succeed in a particular field or activity.One of the key qualities of performance-based goals is that they are measurable. This means that they can be quantified or evaluated in some way to determine whether or not they have been achieved. For example, in the case of Jorge's goal to get good grades in his math class, the goal can be measured by the grades he receives on his assignments, quizzes, and tests.By setting measurable goals, individuals can track their progress and identify areas where they need to improve.
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Watershed is a media services company that provides online streaming movie and television content. As a result of the competitive market of streaming service providers, Watershed is interested in proactively identifying will unsubscribe in the next three months based on the customer's characteristics. For a test set of customers, the file Watershed contains an indication of whether a customer unsubscribed in the past three months and the classification model's estimated unsubscribe probability for the customer. In an effort to prevent customer churn, Watershed wishes to offer promotions to customers who may unsubscribe. It costs Watershed $10 to offer a promotion to a customer. If offered a promotion, it successfully persuades a customer to remain a Watershed customer with probability 0.6, and the retaining the customer is worth $60 to Watershed.
Assuming customers will be offered the promotion in order of decreasing estimated unsubscribe probability; determine how many customers Watershed should offer the promotion to maximize the profit of the intervention campaign. Compute the average profit from offering the top n customers a promotion as:
Profit
=
Number of unsubscribing customers in top n
× (P(unsubscribing customer persuaded to remain) × (60 - 10)
+ P(unsubscribing customer is not persuaded) × (0 - 10))
+ Number of customers who don't intend to unsubscribe × (0 - 10)
The maximum profit of $ occurs when customers are offered the promotion.
The below data is for your reference:
table {mso-displayed-decimal-separator:"\."; mso-displayed-thousand-separator:"\,";} tr {mso-height-source:auto;} col {mso-width-source:auto;} td {padding-top:1px; padding-right:1px; padding-left:1px; mso-ignore:padding; color:black; font-size:11.0pt; font-weight:400; font-style:normal; text-decoration:none; font-family:Calibri, sans-serif; mso-font-charset:0; text-align:general; vertical-align:bottom; border:none; white-space:nowrap; mso-rotate:0;} .xl16 {font-family:"Times New Roman", serif; mso-font-charset:0;}
Customer
Unsubscribe?
Probability of Unsubscribe
57
0
0.99
111
0
0.99
141
1
0.99
158
0
0.99
180
1
0.99
119
1
0.98
140
1
0.98
191
1
0.98
31
0
0.97
33
0
0.97
58
0
0.97
71
1
0.97
121
1
0.97
96
1
0.95
131
0
0.95
197
0
0.95
7
0
0.93
26
1
0.93
116
1
0.93
15
0
0.92
56
1
0.92
130
0
0.92
149
0
0.92
178
0
0.92
44
0
0.91
66
1
0.91
9
0
0.90
76
0
0.89
148
0
0.89
172
0
0.89
5
0
0.88
11
1
0.88
91
0
0.88
133
0
0.88
147
0
0.88
54
1
0.87
194
0
0.87
18
0
0.86
120
1
0.85
150
0
0.85
64
1
0.84
69
0
0.84
139
1
0.84
1
0
0.83
127
1
0.83
157
0
0.83
177
0
0.83
145
0
0.82
94
1
0.81
87
1
0.80
124
1
0.80
100
0
0.79
104
0
0.79
129
0
0.79
152
1
0.79
184
0
0.79
78
0
0.78
199
1
0.78
105
0
0.77
108
0
0.76
93
0
0.74
161
1
0.74
144
0
0.73
75
0
0.71
84
0
0.71
19
1
0.70
135
1
0.70
200
0
0.70
14
0
0.69
167
0
0.69
99
0
0.68
151
0
0.68
195
0
0.68
51
0
0.67
67
1
0.67
49
1
0.65
23
0
0.64
61
1
0.63
36
0
0.62
183
1
0.62
160
1
0.61
110
0
0.60
159
0
0.60
198
0
0.60
102
1
0.58
25
0
0.57
55
0
0.57
70
0
0.57
163
0
0.57
12
0
0.56
176
0
0.56
187
0
0.56
28
0
0.54
34
0
0.54
98
0
0.54
138
0
0.54
27
0
0.52
3
0
0.51
85
0
0.51
128
0
0.51
103
0
0.50
63
0
0.49
68
0
0.49
115
0
0.49
155
0
0.48
113
0
0.47
60
0
0.46
171
0
0.46
37
1
0.45
17
0
0.44
101
0
0.44
80
0
0.43
132
0
0.43
134
0
0.43
142
0
0.43
29
1
0.42
107
1
0.42
8
0
0.41
189
0
0.40
32
0
0.39
73
0
0.39
35
1
0.38
52
0
0.38
114
0
0.38
125
0
0.38
186
0
0.38
6
0
0.37
74
0
0.37
95
0
0.37
185
0
0.37
16
0
0.36
20
0
0.36
136
0
0.36
192
0
0.36
10
0
0.35
143
0
0.33
156
0
0.33
181
0
0.33
45
0
0.29
62
0
0.29
86
0
0.29
170
0
0.29
46
0
0.28
168
0
0.27
196
0
0.27
59
0
0.26
106
0
0.26
179
0
0.26
175
0
0.25
88
0
0.24
47
0
0.23
48
0
0.23
4
0
0.21
50
0
0.21
13
0
0.20
41
0
0.19
79
0
0.17
89
0
0.17
123
0
0.17
162
1
0.17
30
0
0.16
117
0
0.16
24
0
0.15
65
0
0.15
137
0
0.15
173
0
0.15
39
0
0.14
82
0
0.14
165
0
0.14
21
0
0.13
90
0
0.13
166
0
0.13
118
0
0.12
193
0
0.12
126
0
0.11
154
0
0.11
146
0
0.10
190
0
0.10
2
1
0.09
53
0
0.08
81
0
0.08
22
0
0.07
109
0
0.07
153
0
0.07
182
0
0.07
40
0
0.06
42
0
0.06
43
0
0.06
164
0
0.06
77
0
0.05
174
0
0.05
38
0
0.04
92
0
0.04
188
0
0.04
97
0
0.03
122
0
0.03
72
0
0.02
83
0
0.02
112
0
0.01
169
0
0.01
For every customer they run a campaign for, Watershed may anticipate making a profit of $26.
What is the typical raise following a promotion?Promotional raises within the same organisation normally total around 3%, while a person switching companies can anticipate a pay boost of between 10% and 20%. Also, you might get a promotion without a corresponding pay raise.
How do you determine the promotional percentage?Take the total number of promotions within a specific time period and divide it by the total number of employees to determine the promotion rate. To get the proportion of employees who were promoted, multiply the result by 100. Once the number has been computed, you can start to delve more deeply into its meaning.
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10. Describe your expectation of your product/service life cycle in this country. How long before your product/service reaches maturity?
PRODUCT: CHEETOS COUNTRY: AUSTRALIA!
Pls guys I'm begging I need help with this like BADLY! DUE REALLY SOON!!!!! PLSSSSSSSSS
The product life cycle refers to the stages that a product goes through from its introduction to the market until its eventual decline. The life cycle typically consists of four stages: introduction, growth, maturity, and decline.
In the case of Cheetos in Australia, the product has been available in the market for some time, and its position in the product life cycle would depend on the level of competition and customer demand in the region. As Cheetos is a popular snack food, it is possible that it has already reached maturity in the Australian market or is in the late stages of the growth stage. During the introduction stage, the product is launched in the market and sales are generally slow as customers are not yet familiar with the product. During the growth stage, sales start to increase rapidly as more customers become aware of and interested in the product. The maturity stage is characterized by slower sales growth as the market becomes saturated and competition increases. During this stage, the product is well-established in the market, and sales are relatively stable. The decline stage occurs when sales begin to decrease due to factors such as changing customer preferences, increased competition, or the introduction of newer and better products. The time it takes for a product to reach maturity can vary depending on factors such as the product's target market, the level of competition, and the effectiveness of the marketing and sales strategies. In general, it can take several years for a product to reach maturity.
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Question 1 An analyst is working with data from two school programs. They discover that the data is measured differently across programs and this may impact how they can work with the data. What does this example describe?
Answer:
Explanation:
A data analyst gathers, cleans, and studies data sets to help solve problems. Here's how you can start on a path to become one. A data analyst collects, cleans, and interprets data sets in order to answer a question or solve a problem. They work in many industries, including business, finance, criminal justice, science, medicine, and government.
A data analyst collects, purifies, and examines data sets to aid in problem-solving. They work in a variety of fields, including as government, business, finance, law enforcement, and science.
Who are Data Analyst?Data on sales figures, market analysis, logistics, linguistics, or other behaviors must be organized by a data analyst. They make use of technical know-how to guarantee precise and superior facts.
Data analysts look for solutions to customer-related issues by analysing large data sets. Also, a data analyst informs management as well as other stakeholders of this information. These people work in a wide range of fields, including business, banking, criminal justice, science, medical, and government.
Thus, a data analyst collects, purifies, and examines data sets to aid in problem-solving. They work in a variety of fields, including as government, business, finance, law enforcement, and science.
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using your research skills, provide a summary of how performance management has changed over time. in your response, address how our changing demographics has impacted this process.
Performance management has evolved over time from a focus on traditional methods of measurement and evaluation to more holistic and continuous approach that emphasizes feedback and development.
What is performance management?Performance management refers to the process of continuously monitoring and evaluating an employee's job performance, providing feedback, setting goals, and developing action plans to improve performance. The goal of performance management is to enhance productivity and ultimately, achieve organizational objectives. The process involves setting expectations and goals for employees, providing regular feedback and coaching, and conducting formal performance evaluations. The evaluation process involves assessing an employee's job performance against pre-established standards and identifying areas for improvement. Performance management can help identify skill gaps, improve communication and collaboration, and recognize top performers. It also plays a critical role in determining employee compensation, promotion, and development opportunities. Effective performance management can contribute to increased employee engagement, retention, and overall business success.
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S.D(X) = 6 and S.D(Y) = 8. If X and Yare independent random variables, then S.D(X-Y) is
If, S.D(X) = 6 and S.D(Y) = 8. If X and Yare independent random variables, then S.D(X-Y) is 14.
The answer is 14.
How to find?
For independent variables X and Y;
S.D(X - Y) is expanded as :
S.D(X) + S.D(Y)
If S.D(X) = 6 and S.D(Y) = 8 ; where, X and Y are independent ;
SD(X-Y) = SD(X) + SD(Y)
SD(X - Y) = 6 + 8
SD(X - Y) = 14.
Hence, the answer is 14.
What does a variable simple definition mean?A variable may be defined as a quantity that can fluctuate and is not fixed.
Variables are necessary since they make up a significant portion of algebra. To denote an unknown number, we often use the letters "x" and "y."
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Now suppose the price decreases to $2.50 per gallon. Move the price line on the graph to reflect this change, then calculate the new consumer surplus.
Assuming that we are talking about a demand and supply graph for gasoline, a decrease in price from $3.00 to $2.50 per gallon would shift the demand curve slightly to the right.
To calculate the new consumer surplus, we need to find the area under the demand curve and above the new equilibrium price of $2.50 per gallon up to the quantity demanded of 16 billion gallons. This area can be calculated as a triangle with a base of 16 billion gallons and a height of ($3.00 - $2.50) = $0.50 per gallon.The area of this triangle is 0.5 x 16 billion x $0.50 = $4 billion.Therefore, the new consumer surplus would be $4 billion, which is higher than the previous consumer surplus of $3.2 billion at the higher price of $3.00 per gallon.
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Select the correct answer. Ms. Lambert runs a small tax-consulting firm in the heart of Chicago. Her office has several employees from diverse cultures. One of the female employees is shy and remains silent in all business meetings. Ms. Lambert decides to speak to the employee in a one-to-one session. Which skills must Ms. Lambert have to be able to understand the employee and her concerns better? listening skills networking skills reading and writing skills A. B. C. D. presentation skills
Answer:
listening skills
Explanation:
I think this would be your best answer.
Halifax Manufacturing allows its customers to return merchandise for any reason up to 90 days after delivery and receive a credit to their accounts. All of Halifax’s sales are for credit (no cash is collected at the time of sale). The company began 2021 with a refund liability of $400,000. During 2021, Halifax sold merchandise on account for $12,500,000. Halifax merchandise costs it 70% of merchandise selling price. Also during the year, customers returned $613,000 in sales for credit, with $338,000 of those being returns of merchandise sold prior to 2021, and the rest being merchandise sold during 2021. Sales returns, estimated to be 5% of sales, are recorded as an adjusting entry at the end of the year. A) Prepare the entry to record the merchandise returns and the year-end adjusting entry for estimated returns. Note: Record the estimated returns at net amounts. B) What is the amount of the year-end allowance for sales returns after the adjusting entry is recorded?
A)To record the merchandise returns: Sales Returns and Allowances $613,000 Accounts Receivable $613,000 To record the year-end adjusting entry for estimated returns:
Estimated Sales Returns and Allowances $625,000Allowance for Sales Returns and Allowances $625,000 The estimated sales returns and allowances of $625,000 is calculated as follows: Sales = $12,500,000 Estimated returns (5% of sales) = $625,000 Since $338,000 of the returns were for merchandise sold prior to 2021, we need to subtract this amount from the total returns to determine the amount of returns for merchandise sold during 2021: Returns for merchandise sold during 2021 = $613,000 - $338,000 = $275,000 The net amount of the estimated returns is calculated as follows: Estimated returns = $625,000 Less: Returns for merchandise sold prior to 2021 = $338,000 Net estimated returns for merchandise sold during 2021 = $287,000 The adjusting entry is recorded for the net estimated returns of $287,000. B) The year-end allowance for sales returns after the adjusting entry is recorded is calculated as follows: Refund liability at the beginning of the year = $400,000 Add: Returns for merchandise sold during 2021 = $275,000 Subtract: Net estimated returns for merchandise sold during 2021 = $287,000 Year-end allowance for sales returns = $388,000 Therefore, the year-end allowance for sales returns after the adjusting entry is recorded is $388,000.
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