WHAT TO DO?
According to Stacy Adams, the experience of inequity or social injustice is a motivating
force for human behaviour. This exercise provides you and your group with a brief
scenario of an inequity at work. Your task is to consider feasible actions for redress of
this inequity.
John and Mary are full professors in the same medical school department of a large
private university. As a private institution, neither the school nor the university makes the
salaries and benefits of its faculty a matter of public record. Mary has pursued a longterm
(14 years) career in the medical school, rising through the academic ranks while
married to a successful businessman with whom she has raised three children. Her
research and teaching contributions have been broad-ranging and award-winning. John
joined the medical school within the last three years and was recruited for his leadingedge
contribution to a novel line of research on a new procedure. Mary thought he was
probably attracted with a comprehensive compensation package, yet she had no details
until an administrative assistant gave her some information about salary and benefits a
month ago. Mary learned that John’s base contract salary is 16 percent higher than hers
($250,000 versus $215,000), that he was awarded an incentive pay component for the
commercialization of his new procedure, and that he was given an annual discretionary
travel budget of $35,000 and a membership in an exclusive private club. Mary is in a
quandary about what to do. Given pressures from the board of trustees to hold down costs
associated with public and private pressure to keep tuition increases low, Mary wonders
how to begin to close this $70,000 inequity gap.
Step 1. Working in groups of six, discuss the equity issues in this medical school
department situation using the text material on social exchange and equity theory. Do the
outcome differences here appear to be gender based, age based, performance based, or
marital status based? Do you need more information? If so, what additional information
do you need?
Step 2. Consider each of the seven strategies for the resolution of inequity as portrayed in
this situation. Which ones are feasible to pursue based on what you know? Which ones
are not feasible? Why? What are the likely consequences of each strategy or course of
action? What would you advise Mary to do?
Step 3. Once your group has identified feasible resolution strategies, choose the best
strategy. Next, develop a specific plan of action for Mary to follow in attempting to
resolve the inequity so that she can achieve the experience and reality of fair treatment at
work.
Step 4 (Optional). Your group may be asked to share its preferred strategy for this
situation and your rationale for the strategy.

Answers

Answer 1

Mary should gather more information about the salary and benefits structure in the medical school department to determine the underlying reasons for the inequity. Based on this information, she should consider feasible strategies for resolving the inequity and achieving fair treatment at work.

Mary's first step should be to analyze the equity issues in the department and determine whether the outcome differences are based on factors such as gender, age, performance, or marital status. This analysis will help her identify any additional information she needs to fully understand the situation. Once she has a clear understanding, she can evaluate the seven strategies for resolving inequity and assess their feasibility and likely consequences. This evaluation will guide her in choosing the best strategy to pursue.

Mary should develop a specific plan of action based on the chosen strategy, which may involve negotiating with the relevant stakeholders, seeking support from colleagues or higher authorities, or exploring legal avenues if necessary. By following this approach, Mary can strive to close the inequity gap and achieve fair treatment at work.

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Related Questions


What is an example of a force multiplier for terrorist
organizations?

Answers

One example of a force multiplier for terrorist organizations is the use of advanced technology and communication systems.

Use of advanced technology and communication systems tools enable terrorists to amplify their impact and reach a larger audience. By leveraging modern communication platforms, such as social media and encrypted messaging applications, terrorists can disseminate propaganda, recruit new members, and coordinate attacks more efficiently.

The accessibility and widespread use of the internet and social media platforms provide terrorist organizations with a global platform to spread their ideology and attract followers. They can use online platforms to radicalize individuals, share instructional materials for making weapons or carrying out attacks, and coordinate their activities across different regions.

Additionally, technological advancements have also made it easier for terrorists to acquire and use sophisticated weaponry, including drones, cyber tools, and explosives. These tools allow them to conduct attacks with greater precision and effectiveness, resulting in a higher potential for casualties and damage.

The utilization of force multipliers by terrorist organizations poses significant challenges for counterterrorism efforts. It requires a comprehensive approach that includes cooperation between intelligence agencies, law enforcement, and technology companies to monitor and disrupt their online activities while ensuring the protection of privacy and freedom of speech.

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Kindly help me to write an operational definition of the impact
of Organizational performance by using technology on talent
management

Answers

The influence of technology on talent management is crucial for organizations to remain successful. It is a necessity for firms to be aware of the consequences that come with its usage.

Technology is defined as the application of scientific knowledge for practical purposes. It refers to the machinery, tools, techniques, and procedures that are used to achieve desired results. Talent management is the process of attracting, developing, and retaining talented employees in an organization. It is a process that aims to identify and cultivate the skills and abilities of its employees.The impact of technology on talent management can be observed in a variety of ways. The first way is the recruitment process. With technology, organizations can reach out to more potential candidates from different geographical locations. Technology has allowed for the creation of online recruitment portals, which have made the recruitment process easier. The second way is training and development. Technology has enabled firms to provide training and development programs to its employees online. It has also made it possible for employees to attend training sessions at their own convenience. The third way is performance evaluation. With technology, organizations can evaluate the performance of their employees more accurately. Technology has enabled the creation of software applications that can track employee performance and productivity. Finally, technology has made it possible for organizations to have a more efficient HR system. With technology, organizations can manage employee records, benefits, and payroll more effectively.The operational definition of the impact of organizational performance by using technology on talent management is that technology has a positive impact on talent management. It enhances the recruitment process, training and development, performance evaluation, and the HR system. Technology enables organizations to attract, develop, and retain talented employees more effectively, leading to increased organizational performance.

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what is the greatest advantage to an organization of having a subsidiary in a foreign nation?

Answers

The greatest advantage of having a subsidiary in a foreign nation for an organization is market expansion and access.

By establishing a subsidiary in a foreign nation, an organization can gain direct access to new markets and tap into the potential customer base in that country. This provides an opportunity for the organization to increase its sales, revenue, and market share. Having a local presence through a subsidiary allows the organization to better understand the local market dynamics, cultural nuances, and consumer preferences, enabling them to tailor their products or services to suit the specific needs of that market.

Additionally, a subsidiary can also help in mitigating risks and diversifying operations. By operating in multiple countries, an organization can reduce its dependency on a single market and minimize the impact of any economic, political, or regulatory changes in a particular country. This diversification helps in spreading the risks and creating a more resilient and stable business.

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changes in which of the following will cause a change in exchange rates? group of answer choices consumer preferences perceptions of economic and political stability real interest rates all answers are correct

Answers

The change in the exchange rates will be caused by all of the given options.

All of the options mentioned in the question will cause a change in exchange rates. The exchange rate of a currency is influenced by various factors that affect the supply and demand of the currency. Here are the explanations of how the mentioned factors affect exchange rates:

Consumer preferences: If the demand for goods and services produced by a country increases, the demand for the currency of that country also increases. It causes an increase in the exchange rate of the currency.

Perceptions of economic and political stability: The political and economic stability of a country affects the investment opportunities available in the country.

Investors prefer investing in countries that are politically and economically stable. If the perception of the stability of a country increases, more foreign investors will invest in the country, which will increase the demand for the currency of the country. This increased demand will increase the exchange rate of the currency.

Real interest rates: The real interest rate is the nominal interest rate adjusted for inflation. If the real interest rate of a country increases, foreign investors will demand more of that country's currency as they can earn more interest on their investment.

This increased demand will increase the exchange rate of the currency.

Therefore, all of the options mentioned in the question will cause a change in exchange rates.

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Show using the supply and demand framework what happens in the scenario below.

Identify what changes -- supply or demand -- and in which direction. And say what ultimately happens to equilibrium price and equilibrium quantity.

Market: Bananas

Scenario: Price of apples and strawberries increase

Answers

In the given scenario, where the price of apples and strawberries increases, we can analyze the impact on the market for bananas using the supply and demand framework.

The increase in the price of apples and strawberries is unrelated to the demand for bananas. Therefore, there is no direct change in the demand for bananas. The increase in the price of apples and strawberries might indirectly affect the supply of bananas. If some farmers who previously grew bananas switch to growing apples and strawberries due to the higher profitability, the supply of bananas could decrease.

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Suppose Bob is an individual farmer in this soybean market. He has a short run marginal cost and average total cost functions as described below (you may assume opportunity costs are factored into these cost functions):
MC = 2q+30
ATC = q+30
In addition, Bob has a MR = 50. You may assume his price is also 50.
What is Bob's economic profit in the short run? You can let TC=ATC*q and assume the opportunity costs are factored into these cost functions.
A. 200
B. 100
C.460
D.0

Answers

Bob's economic profit in the short run is $100. Answer: B. 100.

In this soybean market, suppose Bob is an individual farmer. In the short run, if the marginal revenue is greater than the marginal cost, then Bob would continue to produce. However, if marginal cost is greater than marginal revenue, then Bob would decrease production. To calculate Bob's economic profit, follow the steps below:Step 1Find the output that maximizes profit.

To do this, equate the marginal cost (MC) to the marginal revenue (MR). 2q+30 = 50, then solve for q. q = 10.Step 2Calculate total revenue. To do this, multiply the quantity by the price. Total revenue = 50 x 10 = 500.Step 3

Calculate total cost. To do this, multiply the average total cost (ATC) by the quantity. ATC = q + 30. Total cost = (10 + 30) x 10 = 400.Step 4Calculate economic profit. To do this, subtract total cost from total revenue. Economic profit = total revenue - total cost. Economic profit = 500 - 400 = 100.

Therefore, Bob's economic profit in the short run is $100. Answer: B. 100.

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identify each statement as true or false concerning the data Netflix can collect via streaming vs. data acquired from its DVD-by-mail business. True False Netflix data advantage is much less than rivals, since anyway can collect data on streaming O O media Data allows for greater customization of titles and the types of content promotions offered to streaming customers Streaming provides more accuracy, since Netflix gains insight based on the length and frequency titles are watched by a given user. DVD-by-mail was more accurate since users were forced to rate all titles.

Answers

1.False - Netflix has a significant data advantage over rivals in terms of streaming data.

2.True - Data allows for greater customization of titles and content promotions for streaming customers.

3.True - Streaming data provides more accuracy as Netflix gains insights based on the viewing patterns of users.

4.False - DVD-by-mail was less accurate since users were not required to rate all titles.

1.The statement is false. Netflix has a significant data advantage over its rivals in terms of streaming data. As a streaming platform, Netflix collects extensive data on user viewing habits, preferences, and engagement metrics. This data gives Netflix valuable insights into customer behavior, allowing them to make data-driven decisions and tailor their content offerings to individual users.

2.The statement is true. Data collected from streaming allows for greater customization of titles and content promotions. By analyzing user data, Netflix can recommend personalized content recommendations based on user preferences and viewing history. This level of customization enhances the user experience and increases customer satisfaction.

3.The statement is true. Streaming data provides more accuracy compared to DVD-by-mail. With streaming, Netflix can gather detailed insights based on the length and frequency of titles watched by individual users. This granular data enables Netflix to make accurate predictions about user preferences, optimize content recommendations, and improve the overall streaming experience.

4.The statement is false. DVD-by-mail data was less accurate compared to streaming data. While users were encouraged to rate titles, they were not required to rate all titles they received. This resulted in incomplete and potentially biased data. In contrast, streaming data provides a more comprehensive and representative picture of user preferences and behavior, as it captures detailed information on what users actually watch and how they engage with the content.

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The Friendly Sausage Factory (FSF) can produce hot dogs at a rate of 5000 per day. FSF supplies hot dogs to local restaurants at a rate of 250 per day. The cost to prepare the equipment for producing hot dogs is $66. Annual holding costs are 45 cents per hot dog. The factory operates 300 days a year. Which inventory model is applicable and why? Select one: a. EPQ since the FSF is producing the hotdogs and selling them to restaurants at a constant and known rate. In addition, the production rate at the FSF far exceeds the demand rate for the hot dogs. b. EOQ since the restaurants order hot dogs from the FSF and the demand rate is constant and known for the hot dogs.

Answers

The applicable inventory model in this scenario is option b. EOQ (Economic Order Quantity) since the restaurants order hot dogs from the FSF and the demand rate is constant and known for the hot dogs.

The EOQ model is used when there is a constant and known demand rate for a product. In this case, the FSF supplies hot dogs to local restaurants at a rate of 250 per day, which indicates a constant and known demand rate. The EOQ model helps determine the optimal order quantity that minimizes the total inventory costs, considering both the ordering costs and holding costs.

In the given scenario, the FSF can produce hot dogs at a rate of 5000 per day, which far exceeds the demand rate of 250 per day. This implies that the production rate is much higher than the demand rate, and the FSF can fulfill the orders from the restaurants without any production constraints.

Since the production rate is higher than the demand rate, there is no need to consider production setup costs or production order quantities. The main focus is on determining the optimal order quantity that minimizes the holding costs for the FSF.

Therefore, the EOQ model is applicable in this case as it considers the constant demand rate from the restaurants and aims to find the order quantity that minimizes the total inventory costs. By using the EOQ model, the FSF can ensure efficient inventory management and minimize costs associated with holding excess inventory or frequent ordering.

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Determine Cash Flows Natural Foods Inc. is planning to invest in new manufacturing equipment to make a new garden tool. The new garden tool is expected to generate additional annual sales of 7,100 units at $32 each. The new manufacturing equipment will cost $92,300 and is expected to have a 10-year life and a $7,100 residual value. Selling expenses related to the new product are expected to be 5% of sales revenue. The cost to manufacture the product includes the following on a per-unit basis: Direct labor $5.40 Direct materials 17.90 Fixed factory overhead-depreciation 1.20 Variable factory overhead 2.70 Total $27.20 Determine the net cash flows for the first year of the project, Years 2-9, and for the last year of the project. Use the minus sign to indicate cash outflows. Do not round your intermediate calculations but, if required, round your final answers to the nearest dollar. Natural Foods Inc. Net Cash Flows blank Year 1 Years 2-9 Last Year Initial investment Operating cash flows: Annual revenues Selling expenses Cost to manufacture Net operating cash flows $ Total for Year 1 Total for Years 2-9 (operating cash flow) Residual value od Total for last year

Answers

Residual value of manufacturing equipment $7,100 Total for Year 1 -$81,738 Total for Years 2-9 (operating cash flow) -$7,804 Residual value $7,100 Total for last year $17,662

Given Data: New manufacturing equipment cost = $92,300 Residual value = $7,100Annual sales = 7,100 units at $32 each Direct labor cost = $5.40Direct materials cost = $17.90Fixed factory overhead-depreciation = $1.20Variable factory overhead = $2.70Selling expenses = 5% of sales revenue Let's calculate the net cash flows for the first year of the project, Years 2-9, and for the last year of the project. Calculation of Annual revenue: Annual revenue = 7,100 × $32= $2,26,200.Calculation of Cost to manufacture: Cost to manufacture = Direct labor cost + Direct materials cost + Fixed factory overhead-depreciation + Variable factory overhead= $5.40 + $17.90 + $1.20 + $2.70= $27.20.Operating cash flows: Operating cash flows = Annual revenue - Selling expenses - Cost to manufacture = $2,26,200 - 5% × $2,26,200 - 7,100 × $27.20= $1,58,190 - $11,508 - $1,92,120= $10,562. Calculation of net cash flow of Year 1:Initial investment: Initial investment = New manufacturing equipment cost= $92,300.Residual value of manufacturing equipment: Residual value of manufacturing equipment = $7,100.

Net cash flow of Year 1:Net cash flow of Year 1 = Operating cash flows - Initial investment= $10,562 - $92,300= -$81,738.Here, the initial investment is greater than the operating cash flows in Year 1. Therefore, the net cash flow in Year 1 is negative. Calculation of net cash flow of Years 2-9:Annual operating cash flows in Years 2-9 will be the same. Therefore, we need to calculate it only once. Annual operating cash flows = $10,562.The life of the manufacturing equipment is 10 years. Therefore, the total cash flows from Years 2 to 9 = 8 × $10,562= $84,496.Net cash flow of Years 2-9 = Total cash flows from Years 2-9 - Initial investment= $84,496 - $92,300= -$7,804. Here, the initial investment is greater than the total cash flows from Years 2-9. Therefore, the net cash flow in Years 2-9 is negative. Calculation of net cash flow of the last year: In the last year, the manufacturing equipment will be sold for the residual value. Net cash flow of the last year = Residual value of manufacturing equipment + Net operating cash flows in the last year= $7,100 + $10,562= $17,662. Therefore, the net cash flows for the first year of the project = -$81,738.The net cash flows for Years 2-9 = -$7,804.The net cash flows for the last year of the project = $17,662. Natural Foods Inc. Net Cash Flows Year 1 Years 2-9 Last Year Initial investment $92,300 Operating cash flows: Annual revenues $2,26,200 Selling expenses $11,508 Cost to manufacture $1,92,120 Net operating cash flows $10,562 $10,562 $10,562 $10,562 $10,562 $10,562 $10,562 $10,562 Residual value of manufacturing equipment $7,100 Total for Year 1 -$81,738 Total for Years 2-9 (operating cash flow) -$7,804 Residual value $7,100 Total for last year $17,662

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of the exam to help answer the questions. Assume the U.S. Demand for steel is Q-100-P and domestic Steel Industry Supply is Q-.5*P-5 Note quantity is is billions of tons. 36. How much would consumers spend on steel if there is no international trade? a. $2100 billion b. $300 billion c. $700 billion d. $500 billion e. some answer other than the above choices. 37. How much producer surplus would producers receive? a. $450 billion b. $900 billion c. $1200 billion d. $2100 billion e. some answer other than the above choices. 38. How much consumer surplus would consumers receive? a. $1200 billion b. $2100 billion c. $450 billion d. $900 billion e. some answer other than the above choices. Suppose the world supply of steel is P-$30. Assume imports and exports are now allowed without restriction. 39. What would the total spending on steel be in the United States with free trade in steel? a. $1200 billion b. $2100 billion e. $450 billion d. $900 billion hainos 39. What would the total spending on steel be in the United States with free trade in steel? a. $1200 billion b. $2100 billion c. $450 billion d. $900 billion e. some answer other than the above choices. 40. How much steel would be imported into the United States? a. 40 billion b. 60 billion c. 10 billion d. 30 billion e. some answer other than the above choices. 41. How much does the producer surplus of U.S. producers fall? a. $800 billion b. $2100 billion c. $100 billion d. $300 billion e. some answer other than the above choices. 42. How much does consumer surplus increase in the United States? a. $2100 billion b. $1800 billion c. S0 d. $2000 billion e. some answer other than the above choices. 43. How much producer surplus do foreign producers of steel receive? a. $2100 billion b. $800 billion c. S0 d. $2000 billion e. some answer other than the above choices.

Answers

The choice of answer for the given questions are 36) Amount consumers spend on steel = $2,500 billion, 37) $2025 billion, 38) $1250 billion.

36. If there is no international trade, we can find the equilibrium price and quantity in the domestic market. QD = QS => 100 - P = 0.5P - 5 => P = $50 billion Substituting P in either equation, we get QD = 100 - 50 = 50 billion tons Amount consumers spend on steel = P * QD = $50 billion * 50 billion tons = $2,500 billion

37. Producer Surplus is the area above the supply curve and below the equilibrium price. Using the supply curve, P = 0.5Qs + 5 => Qs = 2P - 10Substituting the value of P in the equation, we get Qs = 2 * 50 - 10 = 90 billion tons Producer Surplus = (50 - 5) * (90/2) = $2025 billion

38. Consumer Surplus is the area below the demand curve and above the equilibrium price. Consumer Surplus = (50 - 100) * (50/2) = $1250 billion

39. The world supply of steel is P-$30. Since P is not given, we will assume P is equal to $30. We will find the new equilibrium price and quantity. QD = 100 - P = 100 - 30 = 70 billion tons (as before)QS = 0.5P - 5 = 0.5(30) - 5 = 10 billion tons Total spending on steel = P * QD = $30 billion * 70 billion tons = $2100 billion

40. Imports are determined as the difference between quantity demanded and quantity supplied. In this case, Imports = QD - QS = 70 - 10 = 60 billion tons.

41. Producer Surplus of US producers falls to the new equilibrium Producer Surplus = (30 - 5) * (10/2) = $125 billion

42. The new Consumer Surplus = (50 - 30) * (70/2) = $700 billion. The increase in Consumer Surplus is $700 billion - $1250 billion = $550 billion.

43. Foreign producers receive Producer Surplus = (30 - 5) * (80/2) = $1125 billion. Answer (e) is correct as it covers all the cases where the answer is not one of the above choices.

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In the course textbook, which three claims can be found in the article by Rönnbäck (2020)?
a. Although the Trans-Saharan, Red Sea and Indian Ocean slave trades organized by Muslim merchants were of substantial magnitude, they have received significantly less scholarly attention than the Atlantic slave trade.
b. The international slave trade ended abruptly after the British ban in 1807.
c. All African rules and societies showed willingness to sell slaves to the European slave traders.
d. In the long-term perspective, the impact of the international slave trade on the local African societies have been exaggerated.
e. The two major slave-trading European nations Britain and Portugal.
f. The potentially most devastating effects of the external slave trade came from the spirals of internal violence that it initiated or reinforced.

Answers

Based on the options provided, the three claims that can be found in the article by Rönnbäck (2020) are:

a. Although the Trans-Saharan, Red Sea and Indian Ocean slave trades organized by Muslim merchants were of substantial magnitude, they have received significantly less scholarly attention than the Atlantic slave trade.

d. In the long-term perspective, the impact of the international slave trade on the local African societies have been exaggerated.

f. The potentially most devastating effects of the external slave trade came from the spirals of internal violence that it initiated or reinforced.

These claims highlight different aspects of the slave trade and its impact on African societies. The first claim emphasizes the comparative lack of scholarly attention given to non-Atlantic slave trades organized by Muslim merchants, despite their significant scale. The second claim challenges the notion that the international slave trade had a uniformly detrimental and long-lasting impact on African societies, suggesting that the long-term effects may have been exaggerated. The third claim highlights the destructive consequences of the external slave trade, specifically the spirals of internal violence it caused or reinforced within African societies.

It's important to note that the other options (b, c, and e) are not claims found in the article by Rönnbäck (2020) according to the information provided.

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IKEA effectively executes a _____________________ international strategy.
Group of answer choices
multidomestic
transnational
exporting
global

Answers

IKEA effectively executes a global international strategy.

What is a global strategy?

A global strategy is a multinational company's strategic guide to expanding its business internationally. This type of strategy requires extensive research to determine the country's social norms, customs, laws, and other factors that may impact business development. In addition, a global strategy frequently incorporates a standardized product line and advertising b so that the company may reap the benefits of economies of scale.Global strategy includes businesses that have created a product that is consistent worldwide but with pricing, marketing, and advertising adjusted to the specific geographic area, culture, and country. IKEA is an excellent example of a multinational corporation that utilizes a global strategy.

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Question 48 Although social has become mainstream in employee development the adoption of technology has been slow. The most often cited reason is which of the following? they don't know how lack resources prefer not to invest too unstable Question 49 Which of the following is not a recommended approach to managing remote workers? engage in team building to foster connectedness o keep close managerial contact to monitoconnectednessr task completion establish clear expectations from the start have an on-boarding process like for office workers Question 50 From a Market Tools, Inc. survey, 70% of employees surveyed said they would work harder if they were more appreciated had better relationshiops had greater career opportunity had increased salaty and benefits

Answers

Slow technology adoption, resource constraints, varied approaches to managing remote workers, and employee relationships/appreciation impact motivation and effort.

48) The most often cited reason for the slow adoption of technology in employee development is the lack of resources. Many organizations face limitations in terms of budget, technology infrastructure, or access to training resources, which hinders their ability to adopt and implement technology-driven employee development initiatives.

Without adequate resources, organizations may struggle to invest in the necessary technology tools, training programs, or support systems needed to effectively integrate technology into their employee development practices.

49) Engaging in team building to foster connectedness is not a recommended approach to managing remote workers. While team building and fostering connectedness are important aspects of managing remote workers, they are not the only recommended approaches. Other crucial approaches include keeping close managerial contact to monitor task completion, establishing clear expectations from the start, and having an onboarding process specifically designed for remote workers.

Effective management of remote workers requires a multifaceted approach that encompasses clear communication, regular feedback, performance monitoring, and support systems to ensure productivity and engagement.

50) According to the Market Tools, Inc. survey, the majority (70%) of employees surveyed said they would work harder if they had better relationships and felt more appreciated. The survey results indicate that the quality of relationships and feeling appreciated play significant roles in motivating employees to work harder. Strong relationships within the workplace contribute to a positive work environment, foster collaboration, and enhance employee engagement.

Feeling appreciated and recognized for their contributions boosts employee morale and motivation. While other factors like career opportunities, salary, and benefits are also important, the survey highlights the importance of interpersonal relationships and appreciation in driving employee motivation and performance.

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You are given the market demand function Q = 1000 – 1000p, and that each duopoly firm's marginal cost is $0.28 per unit, which implies the cost function: C(q) = 0.28q
, assuming no fixed costs for i = 1, 2. The Cournot equilibrium quantities are 91 = 240 and 92 = 240 (enter your responses as whole numbers). The Cournot equilibrium price is $ 0.52 (round to the nearest penny). Calculate the Cournot profits: firm 1 $ and firm 2 $ (round both responses to the nearest cent).

Answers

The Cournot profits of firm 1 and firm 2 are $58.56 each.

The given market demand function is Q = 1000 – 1000p,
and marginal cost is $0.28 per unit.
Thus, the cost function can be represented as
C(q) = 0.28q.
In a duopoly market, we are given the Cournot equilibrium quantities which are
q1 = 240 and q2 = 240.
Now, we need to calculate the Cournot equilibrium price and the profits of each firm.
The Cournot equilibrium price can be determined by substituting the Cournot equilibrium quantity into the market demand function:
Q = q1 + q2 = 240 + 240 = 480 units.
P = 1000 – Q/1000
= 1000 – 480/1000 = $0.52.
Thus, the Cournot equilibrium price is $0.52.
Now, we can calculate the profits of each firm by using the formula
:π1 = p q1 − C(q1)π2 = p q2 − C(q2)
Substituting the given values, we get:
π1 = (0.52)(240) – (0.28)(240) = $58.56.π2
= (0.52)(240) – (0.28)(240) = $58.56.
Both the firms will have a profit of $58.56.
Hence, the Cournot profits of firm 1 and firm 2 are $58.56 each.

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One type of mortgage is the adjustable rate mortgage (ARM). With an ARM, the interest rate
changes periodically as determined by a measure of current interest rates, called an index. The
most common index in the United States, called the 1-year CMT (constant-maturity Treasury
index has ranged from 1% to about 6.3%). The interest rate on the ARM is reset by adding a fixed
percent called the margin to the index percent. For instance, if the current value of the CMT index
is 3% and the margin is 2.7%, then the adjusted interest rate for the mortgage would be 5.7%. The
margin usually remains fixed for the duration of the loan.
Of the many types of ARMs, we will consider the 5/1 ARM. With this type of mortgage, the
interest rate is fixed for the first five years, and then is readjusted each year depending on the value
of the index.
1.) Consider a $200,000 5/1 ARM that has a 2.7% margin, is based on the CMT index, and
has 30-year duration. Suppose that the interest rate is initially 5.7% and the value of the
CMT index is 4.5% five years later when the rate adjusts. Assume monthly compounding.
a.) Calculate the monthly payment for the first 5 years.
b.) Calculate the unpaid balance at the end of the first 5 years.
c.) Calculate the monthly payment for the 6th year

Answers

a. Calculate the monthly payment for the first 5 years$200,000 5/1 ARM that has a 2.7% margin, is based on the CMT index, and has a 30-year duration. Assume that the monthly compounding interest rate is "I," and the number of payments made is "n".

Then the mortgage payment would be calculated using the formula:

Mortgage Payment = P (r(1 + r)ⁿ) / ((1 + r)ⁿ - 1),

where,

P = Principal,

r = monthly interest rate,

n = number of payments

Since it is a 5/1 ARM,

the monthly payment will be calculated for the first 60 months, then the monthly payments will be adjusted based on the value of the index. Given that the interest rate is 5.7%, and the value of the CMT index is 4.5%, the adjusted interest rate would be 5.7% + 2.7% = 8.4%.

Thus, the monthly interest rate (i) will be 8.4% / 12 = 0.7%.

Given the above formula, we can calculate the monthly payment for the first 5 years:

Mortgage Payment = $200,000 * (0.007(1 + 0.007)³⁶⁰) / ((1 + 0.007)³⁶⁰ - 1)

= $1,308.24

Therefore, the monthly payment for the first five years would be $1,308.24.

b. Calculate the unpaid balance at the end of the first 5 years.

To calculate the unpaid balance at the end of the first 5 years, we need to calculate the remaining principal balance (R) after making payments for 60 months.

The formula to calculate the remaining principal balance is given as R = P [(1 + r)ⁿ - (1 + r)^p] / [(1 + r)ⁿ - 1],

where,

P = Principal,

r = monthly interest rate,

n = several payments made,

p = several payments made so far.

R = $200,000 [(1 + 0.007)³⁶⁰ - (1 + 0.007)⁶⁰] / [(1 + 0.007)³⁶⁰ - 1] = $183,715.54

Therefore, the unpaid balance at the end of the first 5 years would be $183,715.54.

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24. Suppose you estimate the sample regression function violent crime = 7.23-4.87 Suburb, +6.11 Unemployment, -1.30- (Suburb Unemployment), You should conclude that the marginal effect of unemployment on violent crime in suburbs is A. -4.87. B. 6.11. C. -1.30. D. 4.81.

Answers

In a sample regression function violent crime = 7.23-4.87 Suburb, +6.11 Unemployment, -1.30- (Suburb Unemployment), we need to conclude that the marginal effect of unemployment on violent crime in suburbs is B. 6.11.

A crime refers to an illegal act that is against the law of a specific region and can result in punishment. In simple terms, Crime can be defined as an act or behavior that violates the social norms of a society. Unemployment refers to the situation where a person is actively seeking employment opportunities and is unable to find a job. Unemployment has been linked to a variety of social issues, including crime.

A study of the relationship between crime and unemployment is a common research area for social scientists.The sample regression function violent crime = 7.23-4.87 Suburb, +6.11 Unemployment, -1.30- (Suburb Unemployment) signifies that the marginal effect of unemployment on violent crime in suburbs is 6.11.

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If the present value of a payment of NOK 1,000 in three years is
NOK 700, then what is the discount rate? (Answer with decimal
numbers, three decimals are enough.)

Answers

The discount rate can be calculated using the present value formula: discount Rate = (Future Value - Present Value) / Present Value * (1 / Number of Years)

In this case, the future value is NOK 1,000, the present value is NOK 700, and the number of years is 3. Plugging in these values:

[tex]Discount Rate = (1000 - 700) / 700 * (1 / 3) = 0.142[/tex]

Therefore, the discount rate is approximately 0.142 or 14.2%. the discount rate represents the rate at which future cash flows are adjusted to their present value. By rearranging the present value formula, we can solve for the discount rate. We subtract the present value from the future value, divide it by the present value, and multiply by the inverse of the number of years. In this case, the discount rate is approximately 14.2%. This means that the future payment of NOK 1,000 is discounted at a rate of 14.2% to equate to the present value of NOK 700 after three years.

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how to write the reflective journal regarding with course mate handling the charity works?

Answers

Reflective journals are an essential part of learning, especially in higher education courses. These journals encourage you to reflect on your learning process, your thoughts and emotions, and your experiences. When it comes to writing a reflective journal, the focus is on the individual's personal experience, including their thoughts and feelings towards a particular subject. In your case, the subject is course mate handling the charity works.

Here's how to write a reflective journal regarding course mate handling charity works

:1. Start by outlining the event and your role in it.

2. Next, examine your feelings about the event. You can ask yourself questions like; What was your initial response? What thoughts and feelings came up?

3. Analyze the event objectively, discussing what happened, who was involved, and what your role was in the event.

4. Look at your experience in relation to others. For example, consider how other people involved may have experienced the event differently.

5. Finally, conclude your reflective journal by summarizing your key takeaways, what you learned from the experience, and how you might approach similar situations in the future.When writing a reflective journal, remember that it should be a personal account of your experience, so be honest and authentic.

6. You can also use the first person and include any relevant images, links, or sources to support your reflection.The length of a reflective journal can vary, but for this particular task, you are required to write 200 words.

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A company purchases a piece of equipment for $3612 cash, paying an additional $144 for installation and testing of the equipment, and $46 for sales taxes. The Include whole numbers only in your answer (do not include dollar amount that should be debited to the Equipment account is $ signs, decimals, or commas). Mark for Review What's This?

Answers

The total cost of the equipment includes the purchase price, installation and testing expenses, and sales taxes. The company paid $3,612 in cash for the equipment, $144 for installation and testing, and $46 for sales taxes.

To determine the amount that should be debited to the Equipment account, we need to add up these costs.

To calculate the amount that should be debited to the Equipment account, we need to consider the total cost of the equipment. The total cost includes the purchase price, installation and testing expenses, and sales taxes.

Purchase price of the equipment = $3,612

Installation and testing expenses = $144

Sales taxes = $46

To find the total cost, we add up these amounts:

Total cost of the equipment = Purchase price + Installation and testing expenses + Sales taxes

Total cost of the equipment = $3,612 + $144 + $46

Calculating the total cost:

Total cost of the equipment = $3,612 + $144 + $46

Total cost of the equipment = $3,802

Therefore, the amount that should be debited to the Equipment account is $3,802 (whole number only, without dollar signs, decimals, or commas).

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According to the article below, which group will have more inflationary pressure/effects?
A) the service market
B) the goods market
Phillips Curve article
Inflation has been a puzzle in the U.S. economy for years, failing to move up much when the unemployment rate tumbled.
To resolve the discrepancy, it helps to look at the U.S. as two economies rather than one.
On one hand is the goods economy, where products like computers, gasoline and hair dryers are made and purchased, and where Americans spend roughly one-third of their money. On the other hand is the services economy, where cable guys, nurses and bus drivers jostle for the bulk of consumer spending.
The goods economy has been transformed by trade and technological innovation over several decades, giving consumers access to inexpensive products made in foreign countries or automated factories. The services economy has been more sheltered from international competition and technological change. You can’t hire cheap Chinese labor to serve you pizza or a robot to teach your ninth-grader English.
Because of those differences, inflation behaves differently in the two economies.
"You can have technological innovations that lower the price of TVs, but our technology for, you know, haircuts doesn’t change as much," says Michael Feroli, the chief U.S. economist at JPMorgan.
The divergence between goods and services price inflation is especially important now because of the unusual behavior of consumer prices.
But the theory—known as the Phillips curve, after 20th century economist William Phillips—hasn’t held up very well in the past decade. Since 2009, the unemployment rate has fallen from a peak of 10% to an 18-year low of 3.9% in April, yet overall inflation has remained stubbornly low, running under the Fed’s 2% target for most of the expansion.
A number of current and former Fed officials have wondered if the Phillips curve is dead. At a Federal Open Market Committee rate-setting meeting this year, "a couple" of participants "questioned the usefulness" of the model, "citing the limited ability of such frameworks to capture the relationship between economic activity and inflation," according to the minutes (Links to an external site.).
Look at the two economies separately, however, and a more complete picture emerges.
The conventional relationship appears to be holding up in the services economy but not in the goods economy. So far in this expansion, services inflation as measured in the consumer-price index has moved up from near 0.5% to near 3%, a trend that theory suggests should happen as unemployment falls. Something different is happening in the goods economy, where prices have been falling for much of the past five years as if disconnected from the overall unemployment rate.
"You’re going to find that (labor market) slack matters a lot more for services because they tend to be domestically produced," Mr. Feroli said. Other factors, including the value of the dollar or commodities prices matter more for goods, he said, "because they’re globally traded."
At the same time, the services economy has been the source of most U.S. job creation in this expansion, growing payrolls by 14% since 2010 to 128 million workers. Employment in the goods economy has yet to return to its precrisis levels.
"Services inflation is good evidence that the Phillips curve process still works, that the domestic economy is still generating some inflation pressure," says Eric Winograd, a senior economist atAllianceBernstein L.P (Links to an external site.) . "That, I think, guided [the Fed] to begin the process of raising rates even while the official headline index had been well below their target."
The Fed’s preferred inflation measure, the personal consumption expenditure price index, is now right at its goal of 2%. The Fed seeks 2% inflation as a level consistent with a healthy, growing economy.
Falling unemployment suggests that inflation in services will continue as slack gets wrung out of the domestic economy. One challenge for the Fed: Prices for services tend to be "sticky," meaning they’re slow to respond to changes in monetary policy or the broader economy. That means turning them around, should inflation exceed the Fed’s target, could become a challenge. Fed officials see inflation rising above 2% in their own projections.
If goods prices remain weak, inflation may not advance much beyond the Fed’s target. But if goods prices pick up, the Fed might be staring at an inflation overshoot for the first time in years.
"That would be messy," said Vincent Reinhart, a former Fed official and the chief economist at Standish Mellon Asset Management. "They should actually now be concerned about too much inflation because the thing that is costly to adjust (services inflation)…is already above the goal.

Answers

The services market refers to the sector of the economy that involves the production, delivery, and consumption of intangible services such as healthcare, education, transportation, hospitality, and professional services.

The services market is expected to have more inflationary pressure/effects compared to the goods market. In the U.S. economy, the goods and services sectors behave differently due to factors such as trade, technological innovation, and international competition. The goods economy, influenced by trade and technological advancements, has experienced falling prices over the years. On the other hand, the services economy, which is less exposed to international competition and technological change, has seen an increase in inflation. This discrepancy is attributed to the distinct dynamics of these two sectors, where the services economy responds more closely to changes in labor market conditions and domestic factors, while goods prices are influenced by global trade and other external factors.

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ASSIGNMENT 2

QUESTION

The Malaysian Ringgit has depreciated sharply against the US Dollar and the Singapore Dollar over the past few months.

a. Provide your analysis on the depreciation of the Ringgit based on Q4 2021 and Q1 2022 balance of payments data.

b. Explain the implications on Malaysia's foreign trade.

Note:

1. You can refer to Malaysia's balance of payments data from www.bnm.gov.my in the "Rates and Statistics" column under the heading "Monthly Highlights and Statistics", especially table 3.6

2. The answer should use your knowledge of the inflow and outflow of money, and the demand and supply of foreign currency in determining the exchange rate.

Answers

The depreciation of the Malaysian Ringgit against the US Dollar and Singapore Dollar can be analyzed based on Q4 2021 and Q1 2022 balance of payments data. The depreciation is likely influenced by factors such as changes in the inflow and outflow of money, as well as shifts in the demand and supply of foreign currency.

To analyze the depreciation of the Malaysian Ringgit, we need to consider the balance of payments data for Q4 2021 and Q1 2022. The balance of payments records all transactions between residents and non-residents of a country, including trade in goods and services, financial flows, and transfers.

Several factors can contribute to the depreciation of a currency. If a country experiences a higher outflow of money compared to inflows, it can put downward pressure on its currency. Similarly, if the demand for a country's currency decreases while the supply increases, it can lead to a depreciation.

By examining the balance of payments data, we can identify trends and potential factors contributing to the depreciation of the Malaysian Ringgit. For example, if the data shows a significant increase in imports compared to exports, it can indicate a higher outflow of money and a trade imbalance, potentially affecting the currency's value.

Additionally, changes in foreign investment inflows or outflows, as well as shifts in market sentiment or economic conditions, can also influence the demand and supply of the Ringgit in the foreign exchange market.

The implications of the Ringgit's depreciation on Malaysia's foreign trade can be twofold. On one hand, a weaker currency can make exports more competitive, as they become relatively cheaper for foreign buyers. This could potentially boost Malaysia's export sector and improve the trade balance.

On the other hand, a depreciation can increase the cost of imports, as it takes more Ringgit to purchase the same amount of foreign goods. This could result in higher prices for imported goods, which may affect domestic consumers and businesses reliant on imported inputs.

In conclusion, analyzing the depreciation of the Malaysian Ringgit against the US Dollar and Singapore Dollar based on Q4 2021 and Q1 2022 balance of payments data can help identify factors contributing to the currency's decline.

Changes in the inflow and outflow of money, as well as shifts in the demand and supply of foreign currency, can play a role. The implications on Malaysia's foreign trade can vary, with potential benefits for exports and potential challenges related to higher import costs.

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the desire for a product class rather than for a specific brand is called __________ demand. fill in the blank

Answers

The desire for a product class rather than for a specific brand is called generic demand.

Generic demand refers to the overall demand for a particular category or type of product, irrespective of any specific brand within that category. It represents the consumer's interest in fulfilling a particular need or want with a product from a specific class or category, without emphasizing a preference for a particular brand. Generic demand is influenced by factors such as product features, quality, price, and functionality, rather than brand loyalty or brand-specific attributes.

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Consolidating Eliminating Entries, Date of Acquisition: U.S. GAAP and IFRS

Plummer Corporation acquired 90 percent of Softek Technologies’ voting stock by issuing 200,000 shares of $1 par common stock with a fair value of $100,000,000. In addition, Plummer paid $2,000,000 in cash to the consultants and accountants who advised in the acquisition. Softek’s shareholders’ equity at the date of acquisition is as follows:
Common stock $400,000
Additional paid-in capital 20,000,000
Retained deficit (10,000,000)
Accumulated other comprehensive loss (1,000,000)
Treasury stock (500,000)
Total $8,900,000

Softek's assets and liabilities were carried at fair value except as noted below:
Book Value Fair Value
Plant assets, net $12,000,000 $6,000,000
Trademarks -- 2,000,000
Customer lists -- 3,000,000

The fair value of the noncontrolling interest is estimated to be $9,000,000 at the date of acquisition.

Answers

The fair value of the noncontrolling interest in Softek Technologies was estimated to be $9,000,000 at the date of acquisition.

Based on the information provided, Plummer Corporation acquired 90% of Softek Technologies' voting stock. The acquisition was made by issuing 200,000 shares of $1 par common stock with a fair value of $100,000,000 and paying $2,000,000 in cash to consultants and accountants involved in the acquisition. At the date of acquisition, Softek's shareholders' equity was as follows: Common stock $400,000, Additional paid-in capital $20,000,000, Retained deficit ($10,000,000), Accumulated other comprehensive loss ($1,000,000), and Treasury stock ($500,000), resulting in a total shareholders' equity of $8,900,000.

Regarding Softek's assets and liabilities, they were carried at fair value except for certain items. The plant assets, net, had a book value of $12,000,000 but a fair value of $6,000,000. The trademarks had no book value but were valued at $2,000,000, and the customer lists also had no book value but were valued at $3,000,000.

It's important to note that this information relates to the consolidation and eliminating entries in the context of acquisition accounting, and further analysis and adjustments may be required to prepare the consolidated financial statements in accordance with U.S. GAAP or IFRS guidelines.

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sales tax on an item is directly proportional to the cost of the items purchased. if the tax on a $ 400 item is $ 24 , what is the sales tax on a $ 350 item? $ 27 $ 21 $ 210 $ 6

Answers

The answer is $21. Since sales tax on an item is directly proportional to the cost of the items purchased, we can write the following equation which is tax = k * Cost

A sales tax is a tax paid to a governing body for the sales of certain goods and services. Usually laws allow the seller to collect funds for the tax from the consumer at the point of purchase. When a tax on goods or services is paid to a governing body directly by a consumer, it is usually called a use tax. A country with a unified GST platform merges central taxes (e.g., sales tax, excise duty tax, and service tax) with state-level taxes (e.g., entertainment tax, entry tax, transfer tax, sin tax, and luxury tax) and collects them as one single tax. These countries tax virtually everything at a single rate.

We know that the tax on a $400 item is $24, so we can plug these values into the equation to solve for k:

24 = k * 400

k = 0.06

Now that we know the value of k, we can calculate the sales tax on a $350 item by plugging this value into the equation:

Tax = 0.06 * 350

Tax = $21

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10)Explain how ethical employment practices can contribute to sustainable business success and social development

Answers

Ethical employment practices are those that ensure that employees are treated with respect, dignity, and fairness. The promotion of ethical employment practices can contribute to sustainable business success and social development in various ways.

Firstly, ethical employment practices can lead to increased employee satisfaction, loyalty, and retention. When employees are treated with respect and dignity, they feel valued, and this can motivate them to work harder, perform better, and remain with the organization for longer periods. This, in turn, can lead to reduced employee turnover, which can reduce recruitment and training costs, increase productivity, and enhance organizational performance. Secondly, ethical employment practices can contribute to enhanced brand reputation and public perception. Consumers and stakeholders increasingly demand that organizations demonstrate a commitment to social responsibility, including ethical employment practices. Companies that are seen to promote ethical employment practices are likely to attract more customers, retain existing ones, and enhance their brand reputation. Thirdly, ethical employment practices can contribute to social development by promoting decent work conditions, reducing inequality, and promoting social cohesion. Companies that promote ethical employment practices can contribute to the development of healthier, more sustainable, and more equitable societies. Overall, ethical employment practices can contribute to sustainable business success and social development by increasing employee satisfaction, enhancing brand reputation, and promoting social cohesion.

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Choose an online e-business platform of your choice. Analyse the platform and answer the following questions;
1. What is its history?
2. What are the objectives of the e-business?
3. What products or services are sold via the platform?
4. Which support sevices are offered to the customers if any?
5. What payment methods are available?

Answers

The chosen online e-business platform is Amazon.com. It was founded in 1994 by Jeff Bezos as an online marketplace for books.

Over the years, Amazon has expanded its offerings and become one of the largest e-commerce platforms globally. The objectives of Amazon's e-business are to provide a convenient and seamless shopping experience for customers, offer a wide range of products, and deliver exceptional customer service. The platform sells various products, including electronics, books, clothing, household items, and more. Customers are provided with support services such as customer reviews, product recommendations, and a responsive customer service team. Amazon offers multiple payment methods, including credit cards, debit cards, Amazon Pay, and gift cards, to provide flexibility and convenience for customers.

Amazon.com was founded in 1994 by Jeff Bezos with the initial goal of creating an online marketplace for books. However, it quickly expanded its offerings to include a wide range of products, becoming one of the largest e-commerce platforms globally. Today, Amazon's e-business aims to provide a convenient and seamless shopping experience for customers by offering a vast selection of products, competitive prices, and fast delivery.

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what are the arithmetic abd geometric average returns for a stock
with a sample of annual returns of 4%, 9%, -6% and 18%? round to 2
decimal places

Answers

The arithmetic average return for the given sample of annual returns is 6.25%. The geometric average return for the given sample of annual returns is approximately 1.55%.

Arithmetic Average Return:

To calculate the arithmetic average return, we sum up all the annual returns and divide by the number of returns:

(4% + 9% - 6% + 18%) / 4 = 25% / 4 = 6.25%

The arithmetic average return for the given sample of annual returns is 6.25%.

Geometric Average Return:

To calculate the geometric average return, we multiply all the annual returns and take the nth root, where n is the number of returns:

[(1 + 4%) * (1 + 9%) * (1 - 6%) * (1 + 18%)]^(1/4) - 1 = (1.04 * 1.09 * 0.94 * 1.18)^(1/4) - 1 = 1.1604^(0.25) - 1 ≈ 1.0155 - 1 ≈ 0.0155

Converting the decimal to a percentage, the geometric average return for the given sample of annual returns is approximately 1.55%.

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Question 54. You are working for a manufacturing company of 52 employees and 8 supervisors. Your CEO has asked you to make the performance appraisal process more effective. What do you need to consider as you approach this task?

Answers

When tasked with making the performance appraisal process more effective for a manufacturing company with 52 employees and 8 supervisors.

Clear and objective criteria: Develop well-defined performance metrics and criteria that are easily understandable and measurable for each role within the organization. This ensures that evaluations are based on consistent standards and can be effectively compared across employees.

Regular feedback and communication: Implement a system that promotes ongoing feedback and communication between employees and supervisors. Regular check-ins, goal-setting sessions, and performance discussions help to identify areas for improvement and address any issues in a timely manner.

Training and development opportunities: Offer training and development programs to enhance employees' skills and knowledge. This not only improves individual performance but also contributes to the overall growth of the organization. Encouraging supervisors to provide guidance and mentorship can also foster professional development.

Employee involvement: Involve employees in the performance appraisal process by encouraging self-assessment and soliciting their feedback on their own performance and development needs. This creates a sense of ownership and engagement, making the process more effective.

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which of the following is not a known defense in a corporate takeover: group of answer choices a) white knight. b) poison pill. c) donkey kong. d) golden parachute.

Answers

The known defense in a corporate takeover which is not a known defense in a corporate takeover is donkey kong.What is a corporate takeover?A corporate takeover, also known as a merger, acquisition, or buyout, is when one company acquires another company or business by purchasing its assets or stock.What is a takeover defense?A takeover defense is a collection of tactics and strategies that companies use to prevent a hostile takeover from taking place. Companies frequently use takeover defenses to protect themselves from unwanted mergers, acquisitions, or takeovers. Examples of takeover defenses include poison pills, golden parachutes, white knights, and staggered boards.

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Westcoast Ltd. provided the information in the table. (Click the icon to view the table.) What is the total factor productivity ratio? Round to two decimal places. OA. 1.80:1 fully absorbed cost to material input costs B. 220.00:1 input cost (plastic kg:paint kg) OC. 0.66 units per kilogram of input materials O D. 4.00:1 selling price to input cost OE. 1.79 units per dollar of input cost Material input quantity—plastic Material input cost-plastic Material input quantity-paint Material input cost-paint Units produced Fully absorbed cost per unit Selling price per unit 173,600 kilograms $57,288 790 kilograms $7,200 115,700 units $2.00 $2.25

Answers

.1. 79 units per dollar of input cost.Westcoast Ltd. provided the information in the table. (Click the icon to view the table.)

to calculate the total factor productivity ratio, we need to determine the output (units produced) relative to the input (material input costs).

total factor productivity ratio = output / input

in this case, the output is the number of units produced, which is given as 115,700 units. the input is the total material input cost, which is the sum of the plastic and paint input costs.

material input cost = material input cost-plastic + material input cost-paintmaterial input cost = $57,288 + $7,200

now, we can calculate the total factor productivity ratio:

total factor productivity ratio = 115,700 units / (material input cost)

substituting the material input cost:

total factor productivity ratio = 115,700 units / ($57,288 + $7,200)

calculating the values:

total factor productivity ratio ≈ 115,700 units / $64,488

rounding the result to two decimal places:

total factor productivity ratio ≈ 1.79 units per dollar of input cost

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