According to the situational model, your level of development is D4.
Explanation:
The situation leadership approach, created through control of organisation's activities by Paul Hersey and Ken Blanchard, is a guide. The theory was published as the "life cycle leadership hypothesis" in 1969.
The model of situation leadership used by Blanchard in its definition of various levels of development, the words "voice" (ability, knowledge and skills) and "commitment" (esteem and motivation).
According to Ken Blanchard, "The so-called quality stage is composed of the four combinations of expertise and dedication"
D1 – Low competence with high commitment
D2 – Low/middling competence with low commitment
D3 – High competence with low/variable commitment
D4 – High competence with high commitment
A decision-making process that compares how much time and effort would be invested in providing assistance to the perceived rewards or outcomes of that action is called a(n) _________.
Answer:
The correct answer to the following question will be "Cost-benefit analysis".
Explanation:
The cost-benefit analysis also referred to as Benefit-cost analysis, is a strategic approach to evaluating the weaknesses and strengths of approaches used only to define solutions that provide the best strategy for generating advantages while retaining costs.
This can be used to assess implemented or future actions or to measure the benefit of decision, initiative or program costs.
Therefore, this will be the right answer.
A decision-making process that compares how much time and effort would be invested in providing assistance to the perceived rewards or outcomes of that action is called a cost-benefit analysis.
A decision-making process is known to be different kind of steps taken by an individual to know the best option or course of action to meet their needs.
People often seek information about different possible decisions and their likely effect. they study the alternatives and choose one of them and thereafter implement the decision in business operations.
A cost-benefit analysis is known to be a systematic method that businesses use to look into which decisions to make and which to forgo.
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The fact that different countries experience different standards of living is largely explained by differences in those countries'
A. populations
B. productivity levels
C. location
D. none of the above; economists are puzzled by differences in standards of living around the world
Answer:
B. productivity levels
Explanation:
Worker productivity is a measurement of goods and services produced by the average worker in an hour's labor. The level of productivity is the single most significant factor in determining of the standard of living in a nation, with speedier productivity growth likely to lead to a progressively higher standard of living.
Hence the productivity level is correct answer.
Standards of living across different countries are mostly due to differences in productivity levels, which are influenced by physical and human capital as well as technology. Other quality-of-life factors also play a role but are often linked to income levels.
Explanation:The differences in standards of living between countries are largely explained by variations in countries' productivity levels. Productivity, in turn, depends on several factors including physical capital, human capital, and technology. While other elements like health, education, human rights, personal safety, and environmental quality significantly impact living standards, they are often correlated with per capita income. However, there are notable exceptions, such as regions with low income that have life expectancies similar to more affluent areas. Furthermore, despite high incomes, issues like undernourishment can still persist in developed regions, evidencing that a high standard of living involves more than just material wealth.
Which management approach advocates that supervisors be behaviorally trained to manage subordinates in ways that elicit their cooperation and increase their productivity?
Answer:
Human Relations Movement
Explanation:
The source of the human relations movement is the 1930s' Hawthorne Studies by Dr. Elton Mayo. The approach states that the productivity of employees or subordinates is a product of motivation, satisfaction and social relations all tending towards psychological balance.
The Human Relations Movement sees the employee as a part of the psychology of an organisation and not an easily replaceable part. As such, employees and subordinates should be treated as valuable.
It is based on this view, that it is advocated that supervisors manage their subordinates as valuable parts of the organisation, providing crucial motivation to ensure satisfaction. As such, the supervisors will need to be trained psychologically or behaviourally to be able to handle their subordinates appropriately.
A vacant lot acquired for $333,000 is sold for $642,500 in cash. What is the effect of the sale on the total amount of the seller's (1) assets, (2) liabilities, and (3) stockholders' equity?
Answer:
assets = $309500
liabilities = 0
stockholders' equity =$309500
Explanation:
given data
acquired for = $333,000
sold = $642,500
solution
we get here effect of the sale on the total amount
when assets is decrease then cash and retaining will increase
so here
(1) assets effect is increase than amount will be $642,500
- $333,000 = $309500
(2) liabilities is no change so amount = 0
(3) stockholders' equity is increase than amount will be $642,500
- $333,000 = $309500
The accountant for Eric's Plumbing Equipment Company recently made a journal entry consisting of a debit to Work in Process and a credit to Raw Materials Inventory. This entry recorded:
Answer:
The use of raw material in the production process
Explanation:
The journal entry for recording the raw material used for the production process is shown below:
Work in Process Inventory A/c Dr XXXXX
To Raw Materials Inventory A/c XXXXX
(Being the raw material used for the production process is recorded)
For recording this transaction, we debited the Work in Process inventory account and credited the Raw Materials Inventory account
Anything that blocks, distorts, or changes in any way the message the sender intended to communicate can be defined as which of the following within the communication process?
Answer:
Answer for the following is "Noise".
Explanation:
Anything that covers, distorts or alters the signal to be transmitted by the sender can be described as noise in the interaction phase.
Noise pollution, also known as ambient noises or sound emissions, is the spreading of noise with an adverse effect on human or animal life behavior. Worldwide, the cause of ambient noise is mainly due to equipment, shipping, and transmission networks.Andrew is the prom committee chairman. He is on-site at the prom to make sure all vendors show up at the event and all vendors' activities are falling within the scope of work contracted. Which process stage is Andrew in?
a .Initiating
b. executing
c. monitoring and controlling
d. closing
Answer: The correct answer is "b. executing".
Explanation: Andrew is in the "executing" proccess stage.
In the execution phase Andrew must ensure that all the services contracted for the development of the activities fulfill their function and have the quality required to meet the needs and meet the contracted level.
Maynard Enterprises paid $1,328 in dividends and $969 in interest over the past year. The common stock account increased by $1,224 and retained earnings decreased by $333. What was the company's net income?
Answer:
$995
Explanation:
Net income comprises of the dividends declared and the retained earnings. Dividends and retained earning are obtained from a company's net income. In other words, net come is retained earning plus dividends declared.
Interest paid is an expense that is factored when computing the net income. The common stock account does not relate to the net income.
For Maryland enterprises, net income will be dividend declared plus the change in retained earnings.
i.e., net income =$1,328 +(-333)
=$1,328-333
=$995
Imagine that millions of refugees move out of country A and into country X. This would cause the demand for housing in country A to _____ and the demand for housing in country X to _____.
Answer:
Decrease
Increase
Explanation:
If millions are moving out of a country, the number of people living in the country would fall and the demand for houses would fall. While the demand for houses where the people are immigrating to would increase as population would increase and they would need where to live.
I hope my answer helps you.
Through the customer experiences of its products, hotels, theme parks, and other packaged value items, Disney has been quite successful in meeting customer expectations and creating high ________________.
Answer:
Options Include:
A. customer engagement
B. customer-perceived value
C. customer satisfaction Correct
D. customer lifetime value
E. customer demand
Explanation:
Customer satisfaction is centered on both the consumer's assessment regarding the performance of the product compared to the standards of a consumer.
If the efficiency of the product falls short of expectations the customer is unhappy. The customer is happy if the result meets or exceeds expectations.
__________are outflows or other using up of assets or incurrences of liabilities during a period from delivering or producing goods, rendering services or other activities that constitute the entity’s ongoing major or central operations.
Answer:
Expenses
Explanation:
An expense is the cost of an asset used in order to generate revenue, therefore, to create sales (the central operation of a company). This cost is not a monetary measure because an expense is when an asset is used up.
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Liabilities are shown on the:__________a. statement of changes in stockholders' equity.b. balance sheet.c. income statement.d. statement of cash flows.
Answer:
. balance sheet.
Explanation:
Liabilities are debts a business or an individual owe to other parties. It is money owed to creditors. Liabilities are financial obligations that an enterprise incur in the course of doing business. The obligations or debts have to been paid; hence they should be appropriately indicated in the financial records.
Liabilities are recorded in the balance sheet statement. A balance sheet indicates the financial status of a company by showing its assets and how they are financed. The balance sheet is prepared by followed the equation of assets equals liabilities plus equity. It lists the assets on one right side, while liabilities and equity appear on the left.
Explain why the human resource function should be aligned with an organization’s strategic plan (use ideas from the Module One discussion on this topic).
Answer: For Manpower allocation
For effective cost management/Budgeting.
Explanation:Human Resource function is a management activity that regulates the processes involved in planning, recruitment, allocation, training, compensation and ensuring that the organization performs effectively.
HR function should be aligned with an organization's strategic plan to ensure PROPER MANPOWER ALLOCATION (this will ensure the right person,persons with the needed skills are recruited and allocated).
Effective cost management/Budgeting(this will ensure that manpower allocation shall be based on the strategic budget by management)
ompanies that succeed in a turbulent world are those in which managers are evaluated and rewarded for paying attention to both cultural values and business performance.a. Trueb. False
Answer:
True
Explanation:
When a company has managers that pay attention to cultural values and business performance, the company will succeed. This is because the manager has effectively ensured that organizational culture is shared among all employees and as such helps to improve efficiency and performance of the company in discharging it responsibilities and meeting it's goals.
Cheers.
Determines whether the pricing and room allocation for a particular rate or market segment should be increased, decreased, or closed based upon an analysis of demand?
Final answer:
Businesses must adjust prices and capacity based on demand fluctuations, using market research, price sensitivities, elasticity estimates, and sometimes heuristic approaches. Price discrimination allows companies to charge different prices to different market segments. Consumers, in turn, use these price signals to decide on their purchasing timing and alternatives.
Explanation:
Fluctuations in demand often require adjustments in pricing and capacity allocation in various industries, such as hospitality, transportation, and utility services. In scenarios where demand systematically fluctuates, it is crucial to allocate the costs of capacity across different time periods effectively. An increase in the price of a product or service typically signals a shortage to consumers, prompting them to reconsider their purchasing decisions. Businesses thus must consider how responsive their market is to changes in pricing, which involves understanding the price elasticity of demand. Managers use market research, price sensitivity analysis, and demand elasticity estimates to make informed decisions regarding pricing strategies. However, pricing decisions in practice may also involve heuristic approaches such as rules of thumb or standard markups. Effective segmentation of markets can enable businesses to practice price discrimination, where different prices are set for different market segments based on their willingness to pay. As demand changes, for instance during peak tourist seasons or holidays, prices may vary to reflect increased or decreased demand. External factors such as input costs (e.g., jet fuel for airlines) can also influence pricing. Consumers can then use the price signals to make decisions on when to purchase or to explore alternative options.
Which of the following external groups uses accounting information to determine whether the company can pay its obligations?
A. Chief Financial Officer
B. Creditors
C. Investors in common stock
D. Marketing managers
Answer:
B. Creditors
Explanation:
External users of accounting information are people who are not within the organisation that makes use of accounting information. They include creditors, regulatory bodies, investors etc
Creditors are people who the orgonanion owes money. Creditors make use of accounting information to know if the company can pay the amount owed.
I hope my answer helps you
Final answer:
the correct answer is option b.Creditors are the external group that uses accounting information to assess a company's ability to pay its obligations, as they need to evaluate the credit risk and make lending decisions. Unlike stakeholders such as the CFO or marketing managers who use the information for internal strategic decisions, or investors who look for profit potential, creditors focus on the financial health to ensure debt repayments.
Explanation:
The group from the provided options that uses accounting information to determine whether the company can pay its obligations is B. Creditors. Creditors extend credit or loans to the company and are critically concerned about the company's ability to repay its debts, which is reflected through its financial health in the accounting records. As opposed to investors in common stock who are more focused on profitability and potential dividends, and the chief financial officer or other internal managers like marketing managers who use the information to make strategic decisions, creditors look at accounting information to assess credit risk and make lending decisions.
When a small company issues bonds or borrows money, it has the obligation to make periodic interest payments. This contrasts the scenario where a company issues stock, where they are not legally obligated to provide dividends to shareholders. Venture capitalists, on the other hand, are private investors who may have closer insight into the management decisions and strategy due to their significant investment and are thus able to keep closer tabs on the firm's performance.
As a firm grows and becomes more established, the necessity for investors to know the managers on a personal basis diminishes, because data regarding the company's operations and financial status become more readily accessible. This results in a greater willingness among external investors, like bondholders and shareholders, to invest as they can make more informed decisions based on widely available financial information.
Which of the following is (are) true? I. Property rights and political stability are necessary to support good incentives. II. A dependable legal system is not necessary to support good incentives. III. Un-competitive and closed markets are necessary to support good incentives.
Answer: [I & II ] True
Explanation: Competitive and open market are necessary to support good incentives.
A real estate contract or land contract is described as a method of financing often substituted for mortgage or trust deed financing. Consequently a land contract can be:1. the same as a mortgage
2. a security device
3. similar to a lease
4. a lease with an option to buy
Answer:
The correct answer is the option 2: a security device
Explanation:
To begin with, a land contract or also known as a real state contract is the type of contract that is usually used in substitution of a mortgage in order to buy a real estate where the seller provides the buyer financing in the purchase and the buyer repays the resulting loan in installments. Moreover, this type of contract allows the buyer to retail the legal title of the property while permiting the buyer to take possesion of the real estate. In addition, it represents a security device due to the fact that the seller do not lose his property until the full purchase price has been paid and in the other hand the buyer do not risk his entire money in case something happens to the real estate and also do not put in risk any other asset that he possesses in order to buy the new property.
If the bank suffers a deposit outflow of $50 million with a required reserve ratio on deposits of 10%, what actions can you take to keep your bank from failing?
Answer:
In this situation we have variety of choices.
we can call in or sell off loans .
we can go to the discount window .
we can borrow reserves in the federal funds market .
we have to choose one of these.
Explanation:
"We are offering loans so that they can lend to more customers." Many lenders are selling loans to other banks while retaining the freedom of operation.The discount window is a fiscal policy tool usually regulated by central banks which enables qualified institutions to borrow money from the central bank, typically on a quick-term basis, to meet immediate liquidity deficits caused by internally or externally disruptions.Federal Reserve funds are the collateral deposits banks do at the end of every day to meet the cost of borrowing. The Federal Reserve is using the fed funds to regulate interest rates for the country. It is because the institutions borrow each other's fed money. We offer a rate of interest we term the cost of fed funds.Please describe how local agriculture and consumption of locally produced item helps develop sustainability in the local community from an environmental and economic standpoint.
Local agriculture and the consumption of locally produced items contribute significantly to environmental and economic sustainability by reducing transportation costs, supporting local economies, and promoting sustainable land management and agroecology practices.
Local Agriculture and Sustainability
Consumption of locally produced items and local agriculture play a crucial role in developing sustainability within local communities. By focusing on local food production and regional supply chains, communities can reduce the environmental impact of long-distance transportation, thus saving energy and reducing greenhouse gas emissions. Urban farming and community gardens allow for the production of food in close proximity to where it's consumed, which not only supports the local economy but also fosters a connection between people and the natural processes that provide their food.
Economic sustainability is also bolstered through the support of local farmers, which can stimulate local economies. Sustainable land management on smallholder farms increases production levels and stability, benefiting the poorest half of a population significantly. Moreover, local and organic food offerings at places like farmers' markets generate consumer demand for sustainable agriculture, which is essential for the long-term viability of the agricultural sector and global food security. As communities rely less on imported food, they contribute to a more resilient and self-sufficient society.
If a higher level of production allows workers to specialize in particular tasks, a firm will likely exhibit ________ of scale and ________ average total cost.a. economies, fallingb. economies, risingc. diseconomies, fallingd. diseconomies, rising
Answer:
a. economies, falling
Explanation:
If a higher level of production allows workers to specialize in particular tasks, a firm will likely exhibit economies of scale and falling average total cost.
Final answer:
Economies of scale lead to falling average total costs because specialization increases efficiency, allowing a firm to spread fixed costs over more units and potentially reduce variable costs.
Explanation:
When a firm increases its level of production and workers can specialize in particular tasks, this typically leads to a concept known as economies of scale. Economies of scale occur when more units of a good or service can be produced on a larger scale with fewer input costs. This happens because specialization allows for greater efficiency and productivity as workers become experts in their tasks, leading to a faster production process and fewer mistakes. As a result, the firm will likely exhibit economies of scale and consequently, falling average total cost. The reason average total costs fall is that the fixed costs are spread over more units of output and the variable costs may also decrease per unit due to increased efficiency in production.
Managers take broad strategic plans and turn them into operational blueprints with specific objectives and programs. The managers most involved with this activity are _________.a. top managersb. supervisorsc. middle managers
Answer:
c. middle managers
Explanation:
Middle managers -
The person in the business or organisation , who is responsible to manage the subordinate level of managers and then further reports to the manager in the organization or business , is referred to as the middle manager.
The work of a middle manager is supervise the employees , and allot them the work in and then report to the senior manager , in order to maintain a proper hierarchy in the business.
hence , from the given information of the question,
The correct term is middle manager.
Middle managers are the ones most involved in converting strategic plans into operational blueprints with specific objectives. They operate as a bridge between top-level management and supervisors, converting strategy into actionable tasks.
Explanation:Managers are indeed responsible for taking strategic plans and turning them into operational blueprints with specific objectives. The managers most involved in this particular process are middle managers.
Middle managers are essentially the bridge between top-level strategic thinkers and supervisors who ensure the day-to-day operations are carried out effectively. Their goal is to align the team's efforts with overall strategic objectives, thus transforming a broad strategy into concrete operational tasks.
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The Washington, D.C.-based Heritage Foundation survey consists of over 178 countries ranked by degree of economic freedom. The key economic variables considered for this ranking include all of the following except:
Answer:
percent foreign ownership.
Explanation:
The twelve freedoms included in the Heritage Foundation of Economic Freedom index are divided into four main categories:
Rule of law
Property rights Judicial effectiveness Government integrityGovernment size
Tax burden Government spending Fiscal healthRegulatory efficiency
Business freedom Labor freedom Monetary freedomOpen markets
Trade freedom Investment freedom Financial freedomFrom your reading of the chapter's opening case, ACH Food Companies implemented new information systems in order to achieve which of the following business objectives?
A) customer and supplier intimacy
B) operational excellence
C) survival
D) improved decision making
E) new products and services
Answer:
B) operational excellence
Explanation:
Operational excellence refers to executing your business strategy better than your competitors. In other words, it means operating your company more efficiently. The only way that you can check if you achieved operational excellence is by comparing your results with the results of your competitors. If your company performs better, your results must be better also.
Companies E and P each reported the same earnings per share (EPS), but Company E's stock trades at a higher price. Which of the following statements is CORRECT? a. Company E probably has fewer growth opportunities. b. Company E trades at a higher P/E ratio. c. Company E is probably judged by investors to be riskier. d. Company E must pay a lower dividend. e. Company E must have a higher market-to-book ratio.
Answer:
Company E trades at a higher P/E ratio (b)
Explanation:
P/E ratio is the price you must pay per unit of current earnings which is based on the investor's future expectation of the market.
It shows the relationship between a company’s stock price and earnings per share (EPS).
A company with higher P/E ratio will sell its share more expensively than the one with lower P/E ratio.
________ are products and services bought by final consumers for personal consumption. These include convenience products, shopping products, specialty products, and unsought products.a. Services b. Consumer products c. Line extensions d. Industrial products e. Straight extensions
Answer:
The answer is B :Consumer products
Explanation:
Consumer products are products that are produced for the direct consumption of consumers. These kind of products or goods are ultimately consumed by the consumer and are not used for production of further goods like producer goods.
Therefore, going by the what these goods entails in the question (convenience product, shopping product, specialty product etc.) it is clear that the answer to the question is Consumer products
Susanne oversees properties on behalf of their owners in order to make sure that they are in good condition and everything is operating as it should financially. What is Susanne's job title?
Answer:
Property manager
Explanation:
Property manager/officer is a personnel that is in charge of day to day maintenance of client properties to make sure they are mechanically sound, operating well, neat and well arrange to operate at any point in time.
A property manager maintain the client properties in a way that will make money for the owner.
Susanne is employ as a property manager to take care of all facilities, equipment, building, flowers, furniture, environment and all other gadget of the client. she will make sure they are always in good operating condition and ready to make money for the owner.
Susanne's job title is a Property Manager, who takes care of the maintenance and financial operations of real estate properties.
Explanation:Susanne's job title is a Property Manager. Property managers are responsible for the day-to-day operation of real estate properties, ensuring that the properties are well-maintained, finances are in order, and that tenants are satisfied. They might also deal with tasks such as collecting rent, managing property maintenance, navigating tenant relationships, and sometimes dealing with property marketing and financial reports.
The total cost of ownership for Supplier A is $2,670,000. The total cost of ownership for Supplier B is $1,750,000. The total cost of ownership for Supplier C is $2,990,000. Using Total Cost Analysis, it will be more cost-effective to use _________.
a. Supplier A
b. Supplier B
c. Supplier C
d. Cannot be determined
Answer:
Using Total Cost Analysis, it will be more cost-effective to use;
b. Supplier B
Explanation:
Total cost of ownership (TCO) can be defined as the total cost of an asset including the purchase cost and cost of operation of the asset. Assessing the TCO takes a bigger picture analysis of the overall cost of an asset. Most people usually don't consider the operating costs of an asset. This can prove detrimental in the long run when one starts going through unaccounted operation expenses. Unforeseen expenditure can lead to poor credit scores since one did not prepare for them.
When buying an asset, it is imperative to consider the sort-term and long-term costs. The short-term costs are the immediate costs that are often clearly identified in the initial stages. The short-term costs are purchase and transportation costs. The long-term costs are costs that will be incurred with time, over the life of an asset. Examples of long-term costs are; depreciation costs and operations costs.
In our case above, the best option would be Supplier B since it's total cost of ownership is cheaper compared to Supplier A and Supplier C.
What is one reason the economy declined in the 1980s?
a. The national debt tripled as spending increased.
b. The number of skilled jobs decreased due to reduced demand.
c. The reduction in international trade meant fewer tariffs.
d. The lack of jobs meant more social programs were needed.
The national debt tripled as spending increased is one reason the economy declined in the 1980s. Hence, option A is correct.
What is national debt?The United States is viewed as a greater global credit risk when the level of the national debt rises. In times of increased international pressure, this may have an effect on the U.S.'s capacity to borrow money and put us at risk of being unable to fulfill our promises to our allies, particularly during times of war.
Foreign governments and investors are included in the public. The debt is made up of these two categories to the tune of 30%. Banks and individual investors account for 15% of the debt. 12 percent of the issued Treasury bonds are held by the Federal Reserve.
Every time the federal government's expenditure exceeds tax receipts and other sources of money, a budget deficit results. The U.S. Treasury sells treasury bills, notes, and bonds to cover the shortfall.
Thus, option A is correct.
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As secretary of state, Hillary Clinton wanted to change the behavior of nations. Her bid for president of the United States in 2016 was based in part on her desire to lead others.
Answer:
Power
Explanation: Hillary Clinton was the former secretary of State in United States of America, she was born October 24,1947. She is a diplomat,lawyer, politician and wife of the former president Bill Clinton. During her days as the first lady of the United States of America she worked and advocate for the health of the ordinary people through seeking health reforms.in 2006, she wanted to become the president of the United States of America and lead other countries and nations with Power.
Answer:
Motivated by her need for Power
Explanation:
David McClelland made the term "need for power" popular in 1961. Based on Henry Murray's human need, the need for power or nPow describes a person's need or drive to be in charge be it personally or socially. This need then becomes a motivation for the things such persons do.
The need for power could either be a desire to lead or control others either to achieve a greater good in the society or to achieve a personal desire.
Hillary Clinton's wanted to change the behaviour of nations and this could be the desire to lead others for the greater good bu she also had the desire to lead others and that is also a part of the need for power.