Claire is from France and has been working in the United States for the last two years in cancer research. If her work visa expires in a year, what can Claire’s employer do to create a permanent position for her in the company?

Answer:

All of them:

Explanation:

People who work in commercial banks regularly deal with clients that need money to start a new business or expand an existing one, not all businesses are huge corporations that only go to large investment banks.

Anyone that works in finance must understand the investment environment, since the core task of finance is dealing with the value of money and time.

Insurance companies also deal with financial issues and investments.

Answer:

The member countries of BERPHO, a regional free trade area wanted to adopt a common currency, the "BERPH." The "BERPH" was modeled after and, in fact, was exactly similar to the euro. Establishment of the "BERPH" requires participating national governments:

- to give up control over monetary policy.

- to have a sound fiscal situation.

- to have a high degree of price stability.

- to be democratic in nature.

- to have stable exchange rates

Explanation:

BERPHO is an example of an economic union, where the fourteen member countries reached a level of economic integration, which means having a common currency, comprehensive harmonized tax rates, and a common monetary and fiscal policy.

Answer:

d. maria would not have to pay anything.

Explanation:

In this scenario Maria did not form a contract with the man to cut her lawn and had not even met him before. So there is no contract formed voluntarily, neither is it an implied contract.

Maria was enriched in this process because she will benefit from the cutting of the lawn. She was however not unjustly enriched because the man was not unduly influenced to carry out the task.

Maria can however pay the man after the fact at her discretion.

"The correct option is b. Maria has received unjust enrichment so a quasi contract is formed, so she must pay.

In this scenario, Maria has received a benefit (the mowing and trimming of her yard) without having a formal contract with the person who performed the service. This situation can lead to a legal principle known as ""unjust enrichment,"" where one party unduly benefits at the expense of another.

Here are the reasons why each option is or is not accurate:

a. This is not an implied, unilateral contract. An implied contract would require both parties to have a mutual understanding that services provided would result in payment. Since Maria did not request or agree to the services, there is no contract, implied or otherwise.

b. Unjust enrichment occurs when one party receives a benefit from another and it would be unjust for the party receiving the benefit to retain it without paying for it. In this case, Maria received the benefit of having her yard mowed and trimmed. A quasi contract, also known as a constructive contract, can be imposed by law to prevent unjust enrichment. Therefore, Maria would be required to pay the reasonable value of the services rendered to her property.

c. While it is true that courts aim for fairness, the specific remedy mentioned in this option is not typically how the law addresses such situations. Courts do not arbitrarily decide that one party must pay the other; rather, they apply legal principles such as unjust enrichment and quasi contracts to resolve disputes.

d. This option is incorrect because, under the principle of unjust enrichment, Maria would indeed have to pay something. The law does not allow a person to benefit from the labor of others without compensating them for the reasonable value of the work performed, especially when the recipient of the benefit had the opportunity to reject the services before or during the performance and did not do so.

In conclusion, the most accurate statement is that Maria has received unjust enrichment, and a quasi contract would be formed to require her to pay for the services provided. The amount she would have to pay would be the reasonable value of the yard work, which could be determined by the market rate for such services in her area."

Answer:

c. they have been insured against misappropriation of assets.

Explanation:

A company bonds its employees to protect itself against theft by its workers.  Being bonded means securing the money available to customers if a claim is made against the company. Bonding offers compensation to a business should a loss arise through employee's actions.

The law requires companies that handle cash and cash equivalents such as stocks certificates to bond their employees. A company may choose from the various types of bond insurance in the market. For example, employers may use the fidelity bond to protect against employee theft.

Employee bonding refers to insuring the company against financial losses caused by employee’s dishonest activities or thefts. However, it does not make it impossible for employees to steal from the company.

The activity of bonding employees refers to obtaining an insurance policy that protects the company from losses, particularly those incurred due to situations such as theft, fraud or dishonest activities by the employees. Therefore, option c. 'they have been insured against misappropriation of assets' is the correct explanation. However, it is important to note that bonding only provides financial protection and not prevention measures against theft or fraud. Therefore, option d. 'it is impossible for them to steal from the company' is incorrect.

Pension insurance and borrowing money through banks and bonds are processes related to securing company's finances, but they are not pertinent to bonding employees.

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Answer:

$ 8 per unit of output

Explanation:

Average fixed cost is defined as fixed cost incurred per unit of output.

Given,

Total Fixed cost =  $200,000

Total Variable Cost = $ 150,000

Output level = 25000 units

Average fixed cost can be computed as follows

Average fixed cost = [tex]\frac{Total\ Fixed\ Cost}{No.\ of\ units}[/tex] =  [tex]\frac{200000}{25000}[/tex] = $ 8 per unit of output

Fixed costs refer to those costs which do not change in quantum irrespective of the level of output. For example rent of the factory premises.

Answer: gross material requirements plan

Explanation: A material requirements plan has been developed for product A based on the product structure of A and the lead-time needed to obtain each component. Planned order releases of a parent item are used to determine gross requirements for its component items.

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Barnes Plating's practice of only paying minimum wage and providing legally required benefits is an example of social irresponsibility. A socially responsible company would offer additional benefits and wage considerations.

Barnes Plating, by paying minimum wage and offering only legally required employee benefits, is demonstrating an example of social irresponsibility. This is because, while they are abiding by the laws, they are not going beyond them to contribute to the welfare of society or their employees. A socially responsible company often offers benefits beyond legal requirements and pays wages that consider living costs, thus contributing more to society.

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Barnes Plating's practice of paying its employees minimum wage and offering only legally mandated benefits is an example of social minimalism.

Social minimalism refers to a business strategy that focuses on complying with the bare minimum legal requirements for employee compensation and benefits, often with little regard for broader social or ethical responsibilities. While this approach may help the company minimize labor costs and remain compliant with the law, it can lead to ethical concerns and potential negative consequences.

Critics argue that such practices can result in low employee morale, high turnover, and a negative public image. Companies that adopt a more socially responsible approach, providing fair wages, additional benefits, and a positive working environment, may be better positioned to attract and retain talent, enhance their reputation, and contribute to the well-being of their employees and communities. Social minimalism may save costs in the short term, but it can hinder a company's long-term sustainability and social impact.

To know more about employees

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Answer:

LINE FUNCTION

Explanation:

In management, a line function is any kind of daily operation that covers purchasing, manufacturing, and selling that is directly involved in carrying out the purpose of an organization.

Mildred, the marketing manager of an automobile manufacturing company, is responsible for pricing products, conducting market research, and designing advertising campaigns and promotional activities for the company.

Mildred's functions according to above definition involves selling; and she is directly involved in carrying out the purpose of an organization. Hence she performs a line function

Answer:

Option A; LINE FUNCTION

Explanation:

In management, line function is any kind of daily operation such as purchasing, manufacturing and selling that is directly involved in carrying out the purpose of an organization. If line function is interrupted, it affects customers or profits.

Line function is directly involved in the core work of an organization to ensure the organization meets its business objectives.

* Staff function involves the provision of advice and other support to those involved in a line action.

* Support function are supporting activities carried out by an organization in order to permit or to facilitate the core business functions, its production activity.

Therefore, Mildred most likely performs LINE FUNCTION.

"Predictive validation" methods of research is exemplified in this scenario.

Option: B

Explanation:

The degree to which a result on a scale or test forecasts ratings on some type of criterion is predictive validity in psychometric. For an  instance, the validity of a cognitive test of work performance is really the association between test results and the evaluation ratings of managers.

Here in Tiara Inc. the recruited 15 managers who gave competitive exam to secure position in firm was used by the company head to analyse the substantial correlation between scores and performance in job.

Answer:

A. A price index based on wages in the labor market. - Employment Cost Index

The employment cost index is a quaterly measure of the cost of hiring for businesses. It is calculated by the Bureau of Labor Statistics.

B. A broad price index based on all the components of GDP. - GDP Deflator

The GDP Deflator measures the change in price of all goods and services produced within a given year in respect to the price level of a selected year (the base year).

C. A price index based on the cost of common inputs for firms. - Producer price index

The producer price index measures the price change of the inputs that firms use to produce output. (for example, raw materials, gas, electricity, and intermediate goods).

D. A measure of inflation based on the cost of goods that households typically purchase. - Consumer price index

This is perhaps the most well-known price index. It measures the price change of a selected basket of goods and services that is most commonly bought by households.

E. A measure of inflation based on the price of imports or exports. - International Price Index

A measure of the change in prices of imports and exports.

Answer:

d. $399.63

Explanation:

Data provided in the given question

Dividend = $12.11

Shares = 132

The calculation of quarterly dividends is shown below:-

Quarterly dividends = Dividend × Shares ÷ Number of quarters in a year

= $12.11 × 132 ÷ 4

= $399.63

Therefore, to compute the quarterly dividends we simply divide shares with number of quarter in a year and multiply with dividend.

Answer:

D

Explanation:

On edge

Answer:

A) increases its connectivity with people and organizations in other parts of the world.

Explanation:

Globalization is a common word now, and it takes place when a company starts to economically interact with other companies, employees or clients in other countries around the world. Globalization can take place when a company outsources manufacturing to another country, or when it outsources services to people from other countries, or when the company starts to sell its products or services to customers around the world.

Globalization breaks down communication barriers and increase connectivity within firms and individuals in different countries.

Answer:

The correct answer is C. Psychographic

Explanation:

This type of segmentation specializes in the study of the consumer's psychological traits and other aspects inherent in his life, which can be likes, lifestyle, interests, desires, etc. Under this segmentation, it is possible to get much closer to the ideal consumer, although it takes a lot of effort to implement it.

Answer:

C) psychographic

Explanation:

Psychographic segmentation is one of the useful types of market segmentation used in categorizing a market target to be reached, of which such categorization into subgroups is based on traits such as the values, status, attitudes, interest, beliefs, motivations or interests of the target market. The target market is categorized into groups in this regard, with each group or segment having  one or more of the listed traits in common. The label given by Porsche AG to a segment of its customers he described as “Top Guns”, obviously indicates it profiled his customers based on psychographic traits.

Answer:

In the second community because the gap is wider between the 2 income groups. Community 1 has an income gap of $80,000 (100,000 - 20,000) while community 2 has an income gap of $178,000 (200,000 - 22,000)

Explanation:

a) In which community is the distribution of income more unequal?

In the second community because the gap is wider between the 2 income groups. Community 1 has an income gap of 80,000 (100,000 - 20,000) while community 2 has an income gap of 178,000 (200,000 - 22,000)

b) In which community is the problem of poverty likely to be worse?

In the first community because average income is smaller which is $60,000 [(100,000 + 20,000) / 2] compared to community 2 of $111,000 [(200,000 +22,000) /2]

c) Which distribution of income would Rawls prefer? Explain.

Rawls would prefer the second income distribution if the larger income are tied to positions that are open to all, and as long as basic liberties existed

d) Which distribution of income do you prefer? Explain.

I would prefer the second because the average income is higher and in the event of income redistribution, every family will be averagely better off than in the first community

e) Why might someone have the opposite preference?

Some may prefer community one because of lower income gap between the rich and the poor.

Final answer:

This detailed answer discusses income inequality, poverty assessment, preferences of Rawls, personal choices, and opposing viewpoints regarding income distribution.

Explanation:

a) Inequality Comparison:

To compare the income distributions, we can calculate the Gini coefficient for each community. The higher the Gini coefficient, the more unequal the income distribution. The community with larger income gaps will have a higher Gini coefficient and thus be more unequal.

b) Poverty Assessment:

To determine which community has a worse poverty problem, we can look at the percentage of families with incomes below the poverty line in each community. The community with a higher percentage of families below the poverty line is likely to have a more severe poverty issue.

c) Rawls' Preference:

Rawls would likely prefer the income distribution where there is more equality. His theory of justice emphasizes maximizing the well-being of the least advantaged, which would support a more equal distribution of income.

d) Personal Preference:

Personal preferences may vary, but one might prefer the income distribution that promotes overall societal well-being and reduces poverty, which could align with a more equal distribution of income.

e) Opposite Preference:

Opposing preferences could stem from differing values or beliefs regarding individual effort versus societal responsibility. Some may argue for merit-based rewards and less income redistribution.

Answer:

Option E Provides greater reliability that the rival products

Explanation:

The reason is that differentiation brings uniqueness in the product which the very few rivals that negligible in amount can match. The example includes Mercedes pursue differentiated strategy and the number of firms that can match its differentiation at a competitive price are very few which includes BMW, Ford and Electric Motors whereas in India the only comply that can match its innovation is BMW. Likewise in many other countries Mercedes is always priority of customers because of its brand recognition and creates a perception of great personality of the owner of the car. Thats the reason why in many countries the President and state guests are received in Mercedes.

A differentiated product is one that is distinguished from competitors' products through various means to appeal to a particular market segment, not necessarily by cost or reliability.

A differentiated product is one that a firm makes distinct from those of its competitors or even its own other products. This can be achieved through a variety of ways such as the physical aspects of the product, the location from which it is sold, intangible aspects, or different perceptions of the product by consumers. Key to understanding differentiated products is that they are not defined by their cost relative to competitors, nor by their resale value or reliability, but rather by their distinctiveness in the marketplace.

The differentiation may lead to a change in market share for the firm as their unique offerings may attract different segments of the market willing to pay varying prices. However, differentiation does not inherently mean a product must cost more or less than its competitors, nor that it provides enhanced reliability. Instead, it may simply offer a feature or attribute that differentiates it from the competition which may be valued differently by consumers.

Answer:

C. Heckscher-Ohlin theory.

Explanation:

The country of Dalima has long been a substantial exporter of agricultural goods, reflecting its unusual abundance of arable land; in contrast, its continental neighbor, Bundeeza, has excelled in the export of goods produced in labor-intensive manufacturing industries. The export policies of the two countries is best explained by Heckscher-Ohlin theory. This theory states that countries only export the products and services which they can produce quite plentiful and efficiently. The basic logic behind this theory is that if any country is having any kind of advantage in production then it will certainly be having relatively abundance factor as well.

Answer:

d. Constraint

Explanation:

The dependent variable variations are explained as an effect, due to variations in causal independent variables. The dependent variable might be in form of an objective function, as a function of independent variables, which needs to be maximised or minimised. Constraint is a limitation to the objective function maximisation / minimisation.

Given case : Introducing product in new markets (through telemarketers) & conducting research about success of sales efforts - has 'Sales' as the main objective function to be maximised, dependent on independent variable like Telemarketers . Constraint could be any restriction in form of budget , time (six months time mentioned)

Answer: Due process has not been followed by the employer.

Explanation:

Amber's employers did not follow due process in sacking her from her job, as there was no proper investigation into how the costly items got missing. Due process is the right steps that needs to be followed before taking an action, and in Amber's case due process includes a proper investigation to know how items got missing before taking decisive actions.

Option B is the correct option i.e., Due process has not been followed by the employer. Amber's situation exemplifies a violation of due process, as she was not given the chance to defend herself or go through a fair investigative process by her employer. Similar protections are seen in constitutional amendments that safeguard individuals' rights in various legal scenarios.

In the presented scenario, the most accurate statement is that due process has not been followed by the employer. Amber was not given the chance to defend herself, nor was an investigation conducted, which constitutes a violation of due process rights.

The case scenarios given, including the situations with Sara, Mr. Jones, Carolyn, and Mr. Reynolds, also highlight various aspects of constitutional protections, such as the right to a fair trial and legal representation, against unreasonable search and seizure, and protection from cruel and unusual punishments. These scenarios encompass amendments including the 5th, 6th, and 14th Amendments, which allude to due process and the protection of individual rights within the legal system.

In employment, just like in criminal cases, due process typically entails the right to a fair procedure before being deprived of employment (liberty or property) and can involve mechanisms such as an internal investigation or a chance to be heard, which were not afforded to Amber.

Answer:

Explanation:

The chart below gives prices and output information for the country of Utopia. Use this information to calculate real and nominal GDP for both years. Use 2017 as the base year.

Year                 2016             2017  

                      Price      Quantity Price Quantity  

Ice Cream $7.00        600      $3.00 400

Blue Jeans $70.00          20       $20.00   90

Laptops       $300.00            5       $300.00     5

2016 nominal GDP = $_(7 x 600) + (70 x 20) + (300 x 5)_ =  $7,100

2017 nominal GDP = $_(3 x 400)+(20 x 90) + (300 x 5)_  = $4,500

2016 real GDP = $__(7100-4500)/ 4500)) / change in ice cream price of 50%+ change in blue jean price of (70-20/20) 250%_______

= 0.57/3 = 0.19% growth. Technically the economy was better in 2016 than in 2017.

2017 real GDP = will be same as nominal, hence no growth  since this is the base year

Nominal and real GDP for Utopia are calculated by multiplying the quantities of goods produced by their respective prices. For 2016, nominal GDP is $7,100 and real GDP is $3,700. For 2017 which is the base year, nominal and real GDP are both $4,500.

Calculating Nominal and Real GDP for Utopia

To calculate nominal GDP for both years, we use the formula that defines nominal GDP as the quantity of every final good or service produced multiplied by the price at which it was sold.

To find real GDP, which adjusts for inflation, we value the quantities of goods and services at constant prices. In this case, we use 2017 as the base year prices.

Calculating nominal GDP for 2016:
Ice cream = $7.00 x 600 = $4,200
Blue jeans = $70.00 x 20 = $1,400
Laptops = $300.00 x 5 = $1,500
Total nominal GDP for 2016 = $4,200 + $1,400 + $1,500 = $7,100

Calculating nominal GDP for 2017:
Ice cream = $3.00 x 400 = $1,200
Blue jeans = $20.00 x 90 = $1,800
Laptops = $300.00 x 5 = $1,500
Total nominal GDP for 2017 = $1,200 + $1,800 + $1,500 = $4,500

Calculating real GDP for 2016 using 2017 prices:
Ice cream = $3.00 x 600 = $1,800
Blue jeans = $20.00 x 20 = $400
Laptops = $300.00 x 5 = $1,500
Total real GDP for 2016 = $1,800 + $400 + $1,500 = $3,700

Real GDP for 2017 is the same as nominal GDP for 2017 since it is the base year: $4,500.

Answer:

The original amount in the first sack is 80 lb of flour

The original amount in the second sack is 60 lb of flour

Explanation:

Let x represent the first sack and y represent the second sack

x + y = 140 --------- eqn (1)

One-eight of the flour from the first sack is (1/8)x = x/8

x - x/8 = y + x/8

7x/8 = (x + 8y)/8

7x = x + 8y

7x - x = 8y

6x = 8y

x = 8y/6

Substitute x = 8y/6 in eqn (1)

x + y = 140

8y/6 + y = 140

Multiply each term by 6

8y + 6y = 840

14y = 840

y = 840/14 = 60

x = 8y/6 = 8×60/6 = 8×10 = 80

First sack (x) = 80 lb of flour

Second sack (y) = 60 lb of flour

The quantity supplied of a good with a large elasticity of supply react to a price change as "it will be very sensitive to price change".

Explanation:

Producer tolerance to shifts in the quality of its goods or services. Generally speaking, if prices rise the supply does so. Supply elasticity is calculated as the ratio of proportionate variability in the quantity delivered to the proportionate price change.

The amount given of a good with a high supply elasticity dramatically responds to a change in price. A small price increase induces a large supply increase and a small price decline triggers a significant supply drop. Supply elasticity is an indicator of an industry or a producer's sensitivity to price fluctuations for its product. Also considerations are the availability of critical resources, technological innovation and the number of rivals that create a product or service.

If quantity supplied of a good has a large elasticity of supply (greater than one) then the reaction is elastic.

Elasticity of supply refers to the response that is generated by the manufacturers or producers about the price of the product based on the quantity that is demanded. When the prices of any goods or services increases the supply also increases.

It is the relationship between the quantity of the goods and devices that is supplied to the price changes of that goods or services.Elasticity of the supply refers ratio of the change in the quantity of goods and services that is being supplied to the percentage change in price of that product or services. If quantity supplied of a good has a large elasticity of supply (greater than one) then the reaction is elastic.

Answer:

a custom-designed product.

Explanation:

In this case, an airplane is a highly customized product. Each airplane is specifically built and arranged to meet the special and unique needs of its clients. For example, each airplane is painted with the colors and the logo of the airline company. The seats are also arranged depending on the specific requirements of the clients.

Answer:

A) ledger (or general ledger).

Explanation:

A company's general ledger includes all the transactions carried out by the company. Each transaction is recorded using the accounting system of debits and credits. The general ledger should basically track down every transaction carried out by the company during all of its history.

The record of all accounts and their balances used by a business is called a ledger or general ledger. It is a crucial part of the financial system of a business and helps in preparing other financial statements. Other options like journal, book of original entry etc. are also part of the accounting system but serve different purposes.

The record of all accounts and their balances used by a business is known as a ledger or specifically a general ledger. The ledger is an important part of the financial system of a business as it encompasses every financial transaction made by the company. Consider it like a master document where all its financial data is stored and organized. These ledgers then help in preparing other financial statements like balance sheets, income statements etc.

The other options mentioned here are also part of a company's accounting system, but they serve different purposes. A journal, for instance, is the original record where transactions are first entered. A balance column journal and a general journal are both types of journals, with the first one having separate columns for debit and credit balances and the latter used for recording transactions not documented in other specialized journals.

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Answer:

Therefore Expected Value of the information = $65,000+$62,000 - $10,000  = $117,000

Explanation:

If the market research survey is available for $10,000.

Using a decision tree analysis, it has been found that the expected monetary value with the survey is $65,000. The expected monetary value with no survey is $62,000.

Then the expected value of the information from this sample is the expected value of each outcome and deducting the costs associated with the decision

Therefore Expected Value of the information = $65,000+$62,000 - $10,000  = $117,000

The expected value of the information from the survey sample in this case is -$7,000. This is calculated by subtracting the expected value without the survey and the cost of the survey from the expected value with the survey.

Expected value of the information from a sample in the context of market research and decision tree analysis can be calculated as the difference between the expected monetary value with the survey and the expected monetary value without the survey, minus the cost of the survey itself.

In this specific scenario, the expected value of information would be: $65,000 (with survey) - $62,000 (without survey) - $10,000 (cost of survey), which equals - $7,000.

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Answer:

The difference between the monopolistic price charged in England and the monopolistic price charged in the United States will be = 27

Explanation:

Y1 = 7200 -100p1 = > p1 = 72 – y1/100

Y2 = 3600 – 200p2   = > p2 = 18 – y2/200

The cost of monopolist (since it’s the same firm and uses same technology) shall be same in both countries, hence let us assume marginal cost to be say c

Now the first order condition for Profit Maximisation of a monopolist yields

Marginal Revenue = Marginal cost

= > Marginal Rev US = c = Marginal RevEngland…………………..i

Now, Revenue in US = p1y1 = y1(72 – y1/100)

MR US = dRev/dy1 =   72 – y1/100 -y1/100 = 72 – y1/50

Similarly MR­Eng = 18 – y2/100

Hence putting the above derivations in i:-

72 – y1/50 = 18 – y2/100

Now putting values for y1 and y2 again the above equation becomes:-

72 – (7200 -100p1)/50 = 18 – (3600 – 200p2)/100

= > 54 – 144 + 2p1 = -36 + 2p2

= > 2(p1 – p2) = -36 + 90 = 54

= > p1 – p2 = 27

Coverage bias is not considered one of the potential biases in calculating the consumer price​ index.

A price index refers to the weighted average in the prices of certain goods or services in certain region at certain time. In the consumer price index calculation, the biases arises from four different sources in which coverage bias  is the major one. There are two price indices such as producer and consumer price index.

In the calculation of the consumer price​ index the potential bias which is a coverage bias can be reduced with BLS. The BLS has collected price information form extended stores number in order to reduce the coverage bias.

Mycenaean Greeks became more powerful after destruction of Crete.

Option c

Explanation:

The Civilization of Mycenaean in the ancient Greece is considered to be the last phase of the bronze age with the span of 1600–1100 BC. The civilization was named after the most prominent area called the Mycenae in Argolid.

The first wave of destruction in their mainland occurred in 1250 BC due to few unidentified reasons. The second and final destruction happened on 1190 BC which marked the end of the whole civilization.

They are known to be the first human to speak the Greek language. They were majorly influenced by the people of earlier Minoan civilization which was situated on Crete island.

The large network purchases are done "after the vendor(s) are selected".

Option: D

Explanation:

The large network is established when their are large number of or good amount of small networks, having similar objective and may be different sector. For an instance, a bank establishment occur generally when two or three individuals are having small banks in finance or insurance sector but when they combine together similar services are provided but merger took place to widen the network and work more efficiently. Large network can generate opportunity to work globally also, with better turnover and growth.

The large network purchases are done: after the vendor(s) are selected.

Vendors refers to the company or a person who sells particular goods to the manufacturers or the producers. All business highly depends on the vendors who provide them with the goods and services that are needed for the manufacturing of any product. Some of the vendor types includes suppliers, equipment manufacturers, those companies that supplies the raw materials and parts for nay business.

There are many steps in selecting right vendors of any business. Firstly we need to analyse the requirements of business and identify third party candidates of vendors. We need to evaluate all of them by assigning weights to them. They must be them invited for demo and then finally we need to select the worth one. The larger amount of purchases can be done only after the vendor(s) are selected.

Answer:

C. Is not useful when first studying a quality problem

Explanation:

Answer:

3. representative participation.

Explanation:

Participative management refers to the kind of management where the employees take part in the decision making and brainstorming session together to achieve a common goal.

Representative participation is virtually when rare opportunities are given to employee of an organisation to make decision ,carry out core values all in line of pursing the common organisational goal.