The cross elasticity of demand is negative for complementary goods and positive for substitute goods.
What is cross elasticity of demand ?The cross elasticity of demand, also known as the cross-price elasticity of demand, is a measure in economics that compares the percentage change in the quantity desired for one commodity to the percentage change in the price of another good, everything else being equal. In practice, the amount desired of a thing is affected not only by its own price (price elasticity of demand), but also by the prices of other "related" products.
The term is used to describe the relationship between two items, which can be:
Complements
Substitutes \sUnrelated
A negative cross elasticity indicates that two products are complementary, whereas a positive cross elasticity indicates that two products are substitutes.
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Why can it be difficult to use the indirect approach for a complex message that will be read on mobile devices?
Mobile advertising is an internet marketing platform directed towards a certain target market using their mobile phones and tablets. The approach is centered on connecting with clients via email, SMS, MMS, social media, and mobile applications.
Mobile advertising is a multi-channel, digital marketing strategy that uses websites, emails, SMS and MMS, social media, apps, and other mobile devices to connect with a target audience.
Promotions provided by SMS text messaging, MMS multimedia messaging, downloaded apps using push notifications, in-app or in-game marketing, mobile websites, or by using a media to scan QR codes are all examples of mobile advertising.
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What events cause debits to be recorded in the factory overhead account? what events cause credits to be recorded in the factory overhead account?
Factory Depreciation At purchase, the company records a debit to the machinery account and a credit to cash or accounts payable. Each year, the company will debit the factory overhead account and credit the accumulated depreciation account to reflect the annual depreciation of the machine.
What is Factory Depreciation?Factory depreciation, also known as manufacturing depreciation, refers to the decrease in the value of all assets associated with the product's manufacturing. Factory depreciation is charged as an expense as part of manufacturing overhead because it is considered an indirect cost.
Depreciation is the annual decrease in the value of an asset. It is calculated in equal annual increments over the equipment's useful life.
Depreciation expense is considered an indirect cost in the production department of a manufacturing company because it is included in factory overhead and then allocated to the units manufactured during a reporting period. The most common treatment within a business is to treat depreciation as an indirect cost.
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Property inventories are important to identify insurance needs and to substantiate claims.
a. true
b. false
Property inventories are important to identify insurance needs and to substantiate claims this statement is true.
Describe inventory.Both the raw materials used in production and the finished commodities that are offered for sale are included in the definition of inventory. One of a company's most valuable assets is its inventory because it is one of the main sources of revenue generation and, consequently, a source of profits for the company's shareholders.Which four sorts of inventory are there?Raw materials, work-in-progress (WIP), finished goods, and maintenance, repair, and overhaul (MRO) are the four categories of inventory that are most frequently used (MRO). Knowing the type of inventory you have allows you to manage it more effectively and practice better inventory control.Learn more about inventory here:
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Consider an economy described by the combined solow and romer model. if this economy is on its balanced growth path when an exogenous permanent increase in the depreciation rate occurs:________
This economy is on its balanced growth path when an exogenous permanent increase in the depreciation rate occurs, there will be an immediate growth effect.
Recall that population growth in the Solow model does not contribute to per capita income growth, which depends solely on the growth of (exogenous) technology. in Romer's model, population growth could be the source of her per capita income growth.
In the short run, increased savings and investment boost national income and output growth. Solow analyzes how increased savings and investment affect long-term economic growth. In the short run, higher savings and investment lead to higher national income and output growth in the short run.
The Solow growth model is an exogenous model of economic growth that analyzes changes in an economy's output levels over time as a result of changes in the rate of population growth, savings, and technological progress.
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If the average cost of producing 9 sweaters is $6. 50 and the marginal cost of producing the tenth sweater is $6. 25, the average cost of producing 10 sweaters will?
If the average cost of producing 9 sweaters is $6. 50 and the marginal cost of producing the tenth sweater is $6. 25, the average cost of producing 10 sweaters will be less than $6.50
If marginal cost is less than average cost, average cost will decrease and therefore be less than $6.50. In this case, average cost of producing 10 sweaters is ($6.50 x 9 + $6.25)/10 = $6.48.
The marginal cost is the variation in total cost brought on by an increase in output, or the cost of producing more. In certain contexts, it might refer to an increase in output of one unit, while in others, it can relate to the rate of change of total cost as output grows by a modest amount.
The total cost is expressed in dollars, whereas the marginal cost is expressed in dollars per unit. The marginal cost is the slope of the total cost, or the rate at which it increases with production.
Marginal cost is the distinction between average cost, which is the total cost divided by the number of units produced.
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what businesses could do to assist a community experiencing a crisis in education
Companies can assist in the development of a community that is going through an education crisis with investments in education, such as educational programs, subsidies and support to educational institutions.
What is CSR?It corresponds to an acronym for corporate social responsibility, which are means that companies use to attest to their social and environmental responsibility in a strategic way, instituting programs and investments in the local community, to generate value for the brand through the positive perception of stakeholders.
Consumers are increasingly interested in consuming from companies with positive practices for socio-environmental development that go beyond legal requirements, which is a relevant competitive advantage.
Therefore, CSR aims to institute continuous improvement in the organization, waste reduction, relationship creation and quality in its internal and external processes.
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Is the opportunity cost of producing more amounts of trucks increasing, decreasing, or remaining the same?
When the p.c is concave (bowed out), opportunity prices increase as you move alongside the curve. While the p.c is convex (bowed in), opportunity costs are decreasing.
The law of increasing possibility cost: As you grow the production of one true, the opportunity cost to provide the additional good will increase. First, understand that opportunity cost is the value of the following-best alternative when a decision is made; it is what is given up.
The law of increasing opportunity cost is the idea that as you continue to grow production of 1 suitable, the possibility fee of manufacturing that subsequent unit will increase. This comes approximately as you reallocate resources to produce one true that became better suited to produce the good.
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Certificates of deposit are insured for up to ________ in the event of bank insolvency.
Certificates of deposit are insured for up to $250,000 per person, per bank in the event of bank insolvency.
A certificate of deposit is a time deposit. It is a savings account that holds a fixed amount of money for a fixed period of time. Currently, the Federal Deposit Insurance Corp (FDIC)guarantees deposits of up to $250,000 per person, per bank.
Certificates of deposit offers safer but lower rates of return as compared to stocks or bonds. Thus, they are mostly issued by banks and credit unions in exchange of an interest income.
Hence, certificate of deposit still remain a highly sought after investment.
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Studies have found a strong correlation between academic dishonesty and dishonesty at?
Studies have found a strong correlation between academic dishonesty and dishonesty at increasing control.
What is correlation?
Any statistical association, whether causal or not, connecting two independent variables or dependent and independent variables data is known to in statistics as correlation or dependency.
In statistics, "correlation" often refers to the strength with which a couple of characteristics are linearly connected, even if in its broadest definition it can denote any kind of relation.
The connection between a parent's height and that of their children is a well-known example of a dependent phenomenon, as is the connection between a good's price and the quantity that buyers are prepared to buy, as shown in the so-called quantity demanded.
Because they can reveal a prospective association that can be used in real-world situations, correlations are helpful.
Correlation is often used interchangeably with interdependence. However, in a technical sense, correlation might relate to any of a number of distinct kinds of numerical computations between the variables being evaluated and their related predicted values.
In essence, correlation is a measure of the interaction between two or more variables.
What is dishonesty?
Dishonesty means act of integrity; a propensity to take, betray, or misrepresent
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Assume the federal government is reducing taxes to stimulate the economy. If the fed reduces the money supply, the effectiveness of the expansionary fiscal policy will be?
If government reduces money supply, effectiveness of expansionary fiscal policy will be reduced. Recessions are treated by expansionary fiscal policy. Expanding fiscal policy involves either raising taxes or reducing spending by government.
A surplus-producing economy requires contraction. In that circumstance, a contractionary fiscal policy is best option, which would entail either raising taxes or reducing government spending. Since government spending is a part of AD, the reduction in government spending results in a reduction in total. Because lower AD will result in new short-run equilibrium with lower output, higher unemployment rate, and lower price level, it causes fall in output.
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Annuity what is the present value of an annuity that consists of 20 semiannual payments of $1000 at an interest rate of 9% per year, compounded semiannually?
The present value of an annuity that consists of 20 semiannual payments of $1000 at compound interest is $ 13,022.
Compound interest, or 'hobby on hobby', is calculated using the compound hobby formulation. The formula for compound interest is A = P(1 + r/n)^nt, in which P is the foremost balance, r is the hobby rate, n is the number of instances hobby is compounded consistent with term and t is the number of time intervals.
P = principa anount
R = rate of interest
P = R ( 1 - [tex]\frac{1}{(1=R)^n}[/tex]/r
R = 1000
r = 0.09/2 = 0.045
n = 20
P = 1000 ( 1 - (1.045)^-20)/0.045
= 1000 (1- 0.414)/0.045
= 1000* 0.586/0.045
= 1000 * 0.586/0.045
= 13,022.2
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Amount after 20 semiannual of $1000 at compound interest is $ 13,022.
Compound hobby is the addition of hobby to the important sum of a loan or deposit, or in other phrases, hobby on essential plus hobby.
Let p is principal interest
R is rate of interest
r is the time interval
P = R ( 1 - /r)
R = 1000
r = 0.09/2 = 0.045
time interval (n) = 20
P = 1000 ( 1 - (1.045)^-20)/0.045
⇒1000 (1- 0.414)/0.045
⇒1000* 0.586/0.045
⇒1000 * 0.586/0.045
⇒$13,022
Hence the amount is = $13,022.
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Production by a monopolist would result in the socially optimal allocation of resources if:_______.
Monopoly production will result in a socially optimal allocation of resources if the regular use of resources can continue indefinitely.
If you are regulated to produce at the production level produce where price (aka demand) intersects the marginal cost curve (P = MC). At this power level, distribution efficiency is achieved and there are no deadweight losses.
Socially optimal price is the price at which monopoly achieves allocative efficiency (DARP=MC). A fair return price is a viable alternative, as such a low ceiling price would hurt some monopolies economically. A fair return price is found if the price equals the average total cost (DARP=ATC).
The socially optimal level of pollution is the level of pollution that society would choose if all costs and benefits of pollution were fully considered.
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Letters of credit are popular among traders because the risk of non shipment are assumed by ________
Letters of credit are popular among traders because the risk of non-shipment is assumed by blanks.
A trader is a character who engages in shopping for and promoting monetary belongings in any financial marketplace, either for themself or on behalf of every other individual or organization. the principle difference between a dealer and an investor is the period for which the character holds the asset.
Traders are accountable for making costs and executing trades in equities, bonds, commodities, and foreign exchange, generally dealing on behalf of, or for the advantage of, investment banks.
Buying and selling turned into the main facility of prehistoric humans, who exchanged items and offerings from very different in the present economy earlier than the innovation of contemporary-day currency. Peter Watson dates the records of long-distance trade from c. one hundred fifty,000 years in the past.
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How does the offshoring model differ from the type of trade analyzed with the ricardianand heckscher–ohlin trade models?
The Ricardian model can be used to analyze offshoring while the Heckscher-Ohlin model only analyzes trade in finished products. There is no difference since the offshoring, Ricardian, and Heckscher-Ohlin trade models can be used to analyze offshoring.
The Heckscher-Ohlin model is an economic theory which proposes that countries export what they can produce most efficiently and plentifully . It's used to evaluate trade as well as , the equilibrium of trade between two countries which have varying specialties and natural resources
The Ricardian model shows that if anyone wants to maximize total output in the world, then one should fully employ all resources worldwide, allocate those resources within countries to each country's comparative advantage industries, allow the countries to trade freely thereafter.
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It can be a significant challenge to keep the project team ___________ as the project nears completion.
As a project nears is completion, it has been found that it becomes a significant challenge to get the project team to remain focused.
Why does focus reduce as a project nears completion?There are several reasons why a project nearing completion would lead to a loss of focus and one of them fatigue from having worked on the project for a certain period of time.
Another reason is that the project team will be getting ready to move onto a new project as the current project comes to an end. As a result, they will focus less on the current project.
In conclusion, teams lose focus as their project nears completion.
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__________ are people who boost morale, give support, provide humor, or soothe hurt feelings within a group.
Team maintenance specialists are people who boost morale, give support, provide humor, or soothe hurt feelings within a group.
What does maintenance team do?
A member of the maintenance team's primary duties include inspection, performance, and maintenance. They are in charge of maintaining, repairing, checking, and making sure that the tools or equipment is used correctly and without any problems.
What makes a great maintenance team?
In order to improve, a great maintenance team pays attention to both their data and their consumers. Instead than tampering with the data to make it represent the desired result, they pay attention to what it has to say. This straightforward quality motivates a team to improve communication with their customers and processes.
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Was originally purchased, it cost $90,000. what is the fair value (present value) of the note?
Using an appropriate interest rate, the fair value (present value) of the non-interest-bearing note is $83,055.71.
What is the interest rate?The amount of interest due every period as a percentage of the amount lent, deposited, or borrowed is referred to as the interest rate. The total interest on a lent or borrowed amount is determined by the principal amount, the interest rate, the compounding frequency, and the length of time it is lent deposited, or borrowed.To find the present value:
The present value is the discounted present value of future cash flows.The PV factor or formula is used to calculate the present value.We can also use an online finance calculator to calculate the present value of the note, as shown below.Data and Calculations:
Original cost price = $90,000N (# of periods) = 9 yearsI/Y (Interest per year) = 11%PMT (Periodic Payment) = $15,000FV (Future Value) = $135,000 ($90, 000 x 9)So,
Present Value (PV) = $ 83,055.71
Sum of all periodic payments = $135,000.00
Total Interest = $51,944.29
Therefore, using an appropriate interest rate, the fair value (present value) of the non-interest-bearing note is $83,055.71.
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The complete question is given below:
Last year the company exchanged a piece of land for a non-interest-bearing note. The note is to be paid at the rate of $15,000 per year for 9 years, beginning one year from the date of disposal of the land. An appropriate rate of interest for the note was 11%. At the time the land was originally purchased, it cost $90,000. What is the fair value (Present value) of the note?
More choices and easily accessible information about the functionality of firms' products are creating increasingly __________ customers.
There is an increasingly sophisticated & knowledgeable customers because more availability of choices and easily accessible information about the functionality of firms' products.
What is a functionality of firms' product?This refers to the design works of a product that helps the users meet their goals and needs.
For instance, the product functionality is observed from products such as chairs or tables to the designs such as books or web interfaces, hence, the functionality varies but is everywhere.
That means that when a product design is highly functional it performs what it's expected to do and does it well.
Hence, the increasing product functionality with more availability of choices and easily accessible information about the products result to increasingly sophisticated & knowledgeable customers.
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What two types of account-contact relationships can you see in contacts to multiple accounts?
Direct Relationship and indirect relationship are the two types of account-multiple contact relationships.
The account relationship comprises the account that is sharing facts, the account this is accessing those records, and the kind of courting they have got.
Contacts to multiple bills lets you partner a unmarried contact to more than one debts through the Account contact relationship object. Your page format and field-degree security settings determine which fields are visible and editable.
Contacts are the usual dating for individuals who are underneath that Account. The 'associated Contacts' lists is a result of activating Contacts to more than one debts. this selection is used whilst contacts work at different corporations and gets rid of the need for duplicates.
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A buyer is securing a home loan for $500,000. the state mortgage recording tax rate is $0. 115 per $100. what’s the mortgage recording tax?
When a buyer is securing a home loan for $500,000. the state mortgage recording tax rate is $0. 115 per $100. The mortgage recording tax would be $575.
What is a loan?A loan is a financial instrument that is taken by the needy person from any financial institution which is allowed to do so by the law of the country. A loan is an asset for the giver and a liability for the person who is taking the loan.
When a purchaser obtains a $500,000 mortgage. The state charges $0.115 per $100 in mortgage recording tax. $575 would be the mortgage recording tax.
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What is the probability that a new college graduate in business will earn a starting salary of at least (to 4 decimals)?
0.2296 is the probability that a new college graduate in business will earn a starting salary of at least (to 4 decimals).
Let X denotes the salary of a new college graduate in business.
P(X > 65,000} = 1− P(X < 65,000)
65111 53901
15011
=1-2
=1-P(x < 0.74)
= 10.7714= 0.2296.
The national average salary for college graduates (overall) has remained constant at about $50,000 to $60,000 for the past several years. Economics, Mathematics, Health Sciences, Engineering, and Computer Science show median annual salaries as high as $52,000 to $71,000 for him.
Specifically, while the median expected salary for a graduate was $60,000, PayScale data shows that a typical graduate with 0-5 years of experience earns $48,400 annually. College students should expect a decent salary after graduation. Ambition is good.
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The way income is allocated among the population is reflected in the lorenz curve. income curve. gini coefficient. income spread.
The way income is allocated among the population is reflected in the Gini coefficient.
The Gini index, or Gini coefficient, measures income distribution throughout a populace. developed by using the Italian statistician Gini in it regularly serves as a gauge of monetary inequality, measuring profits distribution or, less commonly, wealth distribution amongst a population.
The Gini index is a measure of the distribution of profits throughout a populace. A higher Gini index shows greater inequality, with excessive-profits individuals receiving plenty large percentages of the populace's general profits. Worldwide inequality, as measured by way of the Gini index.
The Gini index may be derived from the Lorenz curve framework (Lorenz, which plots the Cartesian coordinates where the abscissa is the cumulative normalized rank of earnings from the lowest to the highest
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A company’s ______ is responsible for communicating ethical standards to all employees and designing systems to monitor employees' conformity to those standards.
A company’s ethics ombudsperson is responsible for communicating ethical standards to all employees and designing systems to monitor employees' conformity to those standards.
Questions and claims of potential breaches in institutional ethics and integrity are received by the Ethics Ombudsperson, who then investigates them and provides a resolution. When views are based on unreliable or erroneous data, integrity is usually questioned. Whether real or not, a perceived ethical breach can seriously harm a person's or an organization's reputation.
The Ethics Ombudsperson is not a substitute for the current routes of dispute resolution, communication, or employee dissatisfaction. In light of this, ethical failure cases that may be resolved through established channels or procedures should do so. In certain situations, the Ethics Ombudsperson will send the complainant to the General Counsel's office for private guidance on how to resolve the issue internally.
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The magnitude of the government expenditure multiplier is ________ the magnitude of the tax multiplier.
The magnitude of the government expenditure multiplier is smaller than the magnitude of the tax multiplier.
What is the government expenditure multiplier?This is the term that is used to refer to the impact of the change in the income in the economy of a place given that the government of the place now has a change in the way that they carry out their expenditure. This is denoted by the term KG.
The government expenditure multiplier has the magnitude that is known to be smaller than the magnitude of the tax multiplier. It tells us how much the output of the nation rises given that there is a change in spending.
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When a nation exports a good, its total surplus ________, and when it imports a good, its total surplus ________
When a nation exports a good, its total surplus "increase", and when it imports a good, its total surplus "increase".
What is export of goods?Exports are products and services made in one nation and offered to customers in another. Imports and exports together make up global trade.
Some key point regarding exporting are-
Modern economies rely heavily on exports because they give people and businesses access to a wide variety of new markets. Fostering economic commerce, boosting imports and exports for the advantage of all trading parties, is one of the main goals of diplomacy or foreign policy between countries.By extending operations to accommodate rising demand, exporting to overseas markets can frequently lower per-unit costs. Last but not least, businesses who export to overseas markets acquire new skills and expertise that may help them uncover cutting-edge technologies, innovative marketing strategies, and competitive insights from abroad.To know more about export of goods, here
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If a firm has a payback period of 3 years and a project has a payback period of 3. 5 years, the project should be:________
If a firm has a payback period of 3 years and a project has a payback period of 3. 5 years, the project should be rejected.
Payback period is defined as the number of years required to recover the original cash investment. In other words, the period during which a machine, plant, or other investment has generated sufficient net income to cover its investment costs.
Simply put, the payback period is calculated by dividing the investment cost until the cumulative cash flow is positive by the annual cash flow. This is the payback year.
The payback period indicates the time it takes for a company to recoup its investment. This type of analysis allows companies to compare alternative investment opportunities and select projects that will pay off in the shortest possible time when this criterion is important.
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According to your text, sales promotions such as free samples and point-of-purchase displays are designed to build.
According to your text, sales promotions such as free smples and point-of-purchase displays are designed to build. are called "Short-Term sales."
What is short term sales?An property or stock that the seller doesn't own is sold in a short sale. The typical transaction involves an investor selling borrowed securities in expectation of a decrease in price; the seller is then obligated to deliver the same number of shares at a later date. A seller, on the other hand, holds a long position in the stock or asset.
Some characteristics of short term sales are-
A stock that its an investor believes will lose value in the near future is sold short.A trader borrows shares on margin for a set length of time to complete a short sale, selling the stock when the price is attained or the period of time has passed.Because short sells restrict gains while amplifying losses, they are regarded as dangerous trading techniques. Additionally, they come with regulatory hazards.To be successful, short sales need to be timed almost perfectly.To know more about short-term investment, here
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Describe how crashing and fast tracking can be used to compress a project schedule. What limitations could there be with each of these methods?
Techniques for compressing the schedule include Crashing and Fast Tracking. You use them to shorten your timetable and to meet a specific scheduling objective. Fast-tracking entails carrying out two tasks concurrently, even though they wouldn't typically be.
How does fast-tracking differ from crashing to compressing a project schedule?
In conclusion, the distinctions between crashing and fast tracking are as follows: Fast-tracking entails running tasks simultaneously, whereas crashing entails adding resources to a project. The increased danger is associated with quick tracking, but the increased expense is associated with crashes.
What limitations could there be with each of crashing and fast-tracking?
Fast-tracking is free but increases the risk associated with your project. Adding more resources to your project is referred to as "crashing." Having a crash costs more money. To compress your calendar the most while spending the least amount of money, you should crash such activities. method:
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The type of training that demonstrates how technology is improving the efficiency of many off-the-job training programs is?
The type of training that demonstrates how technology is improving the efficiency of many off-the-job training programs is Online.
Off-the-job training is a form of education in which employees attend a facility other than their place of employment to learn more about their line of work or the most recent developments in it.
In essence, this kind of training improves how well personnel carry out their duties. Off-the-job training, as contrast to on-the-job training, might take place in close proximity to the workplace or farther away, such as at a resort or training facility.
Employers can reduce distractions by holding training sessions away from the office so that employees can concentrate entirely on the information they are studying.
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Jerome's organization is replacing one of their key information systems to take advantage of the features offered by newer software. What can Jerome use to introduce the new system in a way that lowers stress, encourages teamwork, and increases their chances of implementing it successfully
To introduce the new system in a way that reduces stress and encourages teamwork and increases your chances of successfully implementing it, Jerome must introduce training to enable employees to use the new system.
How to introduce changes in the organization?It is essential that managers carry out a set of strategies that help to reduce resistance to changes in the organization, for this, there must be honesty with employees about the needs of change and the benefits that it will bring to the work.
For change to be perceived as positive, employees need to feel prepared to face a change, such as the introduction of new information systems, through training, demonstration and smooth introduction.
Therefore, organizational change can be an opportunity to generate greater speed and reliability at work, as long as employees feel part of the process and that this will bring benefits to their functions.
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