Operational decision-making is the form of knowledge-based decision-making that is often required when a choice is based on tacit knowledge or contains large intangible components.
Below, this is further discussed.
What is tacit information?In general, knowledge-based decision-making is a process that makes use of predetermined criteria to assess and ensure the best resolution for a particular problem.
This management technique for making decisions is referred to as KBDM. By first identifying the thought process and the basis for a conclusion, the KBDM approach is utilized to come at decisions.
Tacit knowledge is information you have acquired via direct experience, whether it is in your personal or professional life. It often exhibits subjectivity, informality, and communication difficulties since it is influenced by our own thoughts and values.
As a result, operational decisions are those that are more often modified in response to the current internal and external circumstances. Usually, the effects of these choices don't endure more than a year, or perhaps a day at most.
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In which structure an organization has multiple reporting lines of authority for employees?.
Out of the choices provided above, it can be concluded to state that an organization has multiple reporting lines of authority for employees in a matrix structure. Therefore, the option B holds true.
What is the significance of a matrix structure in an organization?
A matrix structure can be referred to or considered as a structure wherein each employee has to report to different authorities for different activities that are taken place in the organization in the regular course of its operations.
Therefore, the option B holds true and states regarding the significance of matrix structure in an organization.
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The missing choices to the question are added below for better reference.
A. Straight Line
B. Matrix
C. Vicarious
D. None of these
what represents key dates when a certain group of activities must be performed?
Temporary actions taken to produce an original good or service represents important dates when a specific set of tasks must be completed.
With the aid of numerous cost drivers or numerous activity cost pools, activity-based costing assists in allocating indirect costs, or manufacturing overhead costs.
For example, if we want to apportion setup costs, we must do it according to the number of machine setups.
It is necessary to conduct a certain number of inspections in order to allocate the inspection costs.
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Adjusting entries to adjust supplies or prepaid rent have?
To adjust prepaid rent debit the expense account and credit the prepaid Expense account. The adjusting entry for the supplies expense is the difference between the supplies account's beginning balance and the actual amount of supplies still on hand.
Prepaid rent and cash are both debited in the initial journal entry for prepaid rent. These are both asset accounts that don't affect a company's balance sheet in any way. Prepaid expenses are viewed as an asset since they will benefit the organization financially in the future.
To make sure that expenses are recorded in the period in which they are incurred, adjusting entries for prepaid expenses are required. They merely make adjustments to already recorded transactions rather than recording any new business transactions.
The purpose of adjusting entries is to convert cash transactions into the accrual accounting method. Accrual accounting is based on the revenue recognition principle that seeks to recognize revenue in the period in which it was earned, rather than the period in which cash is received.
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when selecting a communication channel, you should follow two tips: use richer media for persuasive or personal messages and a. use the richest media available. b. consider what media is the easiest for you to use. c. never use digital media such as instant or text messaging on the job. d. select the cheapest channel to reduce costs.
When selecting a communication channel, you should use richer media for persuasive and personal messages and letter a. Use the richest media available.
What is a communication channel?Corresponds to the means where a message can be transmitted to reach a large number of people more quickly and effectively. Some examples of communication channels are:
TVInternetNewspapersEmailThe choice of communication channel must be aligned with your audience and the objectives of your message, choosing a richer media, that is, a more complete and used media, will make it more likely to achieve a marketing objective or example.
Therefore, the communication channel must be chosen according to the benefits, always aligned with the receiver and seeking to avoid communication noise.
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What is an example of a single product with multiple market segments?
Botox is a drug marketed to some groups as a way to reduce signs of aging on the face, and to others as a treatment for migraines an example of a single product with multiple market segments.
Market segments is becoming a more crucial component of a successful marketing strategy and can be the difference between success and failure for businesses operating in highly competitive Market segments like e-commerce.
The easiest technique to set your company apart from a variety of internet rivals is through good communication. The ability to identify the precise messaging that will persuade your clients to buy is provided by market segmentation. A migraines is a headache that can be extremely painful, throbbing, or pulsating, usually on one side of the head.
Although the precise etiology of migraines is unknown, it is believed that they are the result of abnormal brain activity that momentarily affects the brain's nerve signals, neurotransmitters, and blood vessels.
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a 15 year old inherited some property from a grandparent. the 15 year old put the property on the market and accepted an offer. could the 15 year old legally reverse the agreement to sell?
Yes, the 15 year old could legally reverse the agreement to sell, as they are not of legal age to enter into a contract.
What is agreement?
A contract is an enforceable legal arrangement that establishes, details, and regulates the rights and obligations of the parties. The exchange of goods, services, money, or even a promise to transfer one at all of those at a later time are common components of contracts. The injured party could seek judicial remedies like damages or rescission in the event of a contract breach. Agreements must be kept, which is the foundation of contract law, a branch of the law that deals with contracts.
Like some other areas of private law, contract law differs from jurisdiction to jurisdiction. Common law jurisdictions, civil law jurisdictions, as well as mixed law jurisdictions, which combine elements of both common and civil law, can be used to categorise the various systems of contract law.
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Answer:
yes
Explanation:
the 15 year old could legally reverse the agreement to sell, as they are not of legal age to enter into a contract.
Total income can be viewed as the sum of?
Total national income is equal to the sum of all wages plus rents plus interest and profits.
The sum of all individual inhabitants' incomes is referred to as the national income. Thus, it represents the nation's whole income. Gross domestic product (GDP) is the basis for calculating gross national income (GNI), which is then added to net foreign earnings from employee remuneration, rental income, and net taxes minus production subsidies.
Divide the hourly wage by the weekly total of hours worked. Afterward, multiply that sum by the number of weeks in a year (52). "Wages" refers to all remuneration that is paid to an employee in cash orWages is due to him in accordance with the terms and conditions of his employment while he is on duty or on leave.
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What are among the most-imported goods in the united states?
Cell phones, TVs, Pharmaceuticals are among the most-imported goods in the united states Suppliers from Latin America, excluding Mexico and the Caribbean, made up a lesser portion of American imported goods.
In 2021, the United States of America imported goods from all around the world totaling US$2.937 trillion. This Suppliers monetary amount shows an increase of 22.1% from 2017 and a 22% increase from 2020 to 2021.
From a continental standpoint, Asia accounted for 45.3% of all American imported goods by value in 2021. While 22.7% of import sales to the United States came from Europe, fellow North American trading partners provided 25.7% of those Suppliers sales.
Suppliers from Latin America, excluding Mexico and the Caribbean, made up a lesser portion of American imported goods at 4.3%. Africa (1.6%) and Oceania (0.6%), led by Australia and New Zealand, contributed even smaller percentages.
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effect states that the unit cost of many products and services declines by 10 to 30 percent each time a firm's experience at producing and selling them doubles.
The experience curve pricing effect states that the unit cost of many products and services declines by 10 to 30 percent each time a firm's experience at producing and selling them doubles.
The Experience Curve: What Is It?
The Boston Consulting Group developed the notion of the "Experience Curve," which asserts that there is a regular correlation between a company's total amount of output and its cost of production. The idea suggests that a company's cost of production will be lower the more skilled it is at producing a particular product.
The value-added expenses decrease by a fixed percentage when the total manufacturing capacity (from the first to the final unit) doubles. The expenses for production, marketing, distribution, and administration are included in the value-added costs.
The Experience Curve's genesis
Boston Consulting Group (BCG) originally discussed the experience curve in the 1960s when researching how costs behaved in businesses. The group's founder, Bruce Henderson, oversaw an investigation into a major semiconductor producer to examine the connection between cost behavior and output volume. According to the study, the overall cost of manufacturing decreased by 25% when the producer increased the volume of output.
By manufacturing more of a certain product, a corporation gets to experience, according to the Boston Consulting Group's definition of the connection as an "experience curve." An additional study by BCG in the late 1960s and early 1970s showed that the experience curve impact varied between 10% and 25% for different sectors.
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a manufacturer used raw materials and equipment to create flower pots to sell to gardening supply stores. which of the following types of good would the raw materials and equipment be considered? consumer good shopping good specialty good industrial good
The following types of good would the raw materials and equipment be considered Industrial good.
What is raw materials?
Materials or substances used in the initial stages of producing or manufacturing goods are known as raw materials. On commodity exchanges around the world, raw materials seem to be commodities which are bought and sold. Because raw materials are production factors, businesses trade them on the factor market. Various forms of raw materials can be used in a wide range of products. The inventory or input goods that a business needs to manufacture it's own products are known as raw materials. For instance, a car manufacturer would use steel used in the construction of vehicles as a raw material.
Raw materials inventory for manufacturing companies necessitates thorough budgeting and a unique framework for accounting just on balance sheet as well as income statement.
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opportunity cost is a measure of group of answer choices foregone opportunities. value based on the alternative not chosen. value in terms of the cost of production. the difference between production cost and resource cost. both a and b.
Opportunity cost is a measure of foregone opportunities, and value based on the alternative not chosen.
Therefore, Option E is correct.The value or advantage forfeited by engaging in a specific activity in comparison to engaging in a different activity is known as the opportunity cost in microeconomic theory. Simply put, it means that if you choose one activity, you forfeit the chance to do another.
What are some examples of opportunity cost?
The value of the next-highest-valued alternative use of a resource is what economists mean when they talk about its "opportunity cost." You cannot, for instance, read a book at home during the time you would have spent seeing a movie and spend the money you would have spent on something else.To learn more about opportunity cost, click the links
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Complete Question - . Opportunity cost is a measure of
a. foregone opportunities.
b. value based on the alternative not chosen.
c. value in terms of the cost of production.
d. the difference between production cost and resource cost.
e. both a and b.
When a company records the payment to its employees for the work performed during the accounting period. What does it record?
When a company records the payment to its employees for the work performed during the accounting period. it records Debit Salaries and Wages, Expense, Credit Cash
Wages payable alludes to the wages that a company's representatives have earned, but have not however been paid. Beneath the gathering strategy of accounting, this sum is likely recorded with an altering entry at the conclusion of the accounting period so that the company's balance sheet will incorporate the sum as a current liability. accrued wages are treated as a debit to the wages account, with an offsetting credit to the gathered wages account. Once the worker is paid the sum due, the entries would switch by the beginning of another announcing period.
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Max weber believed that bureaucracy prevents a firm from achieving a competitive advantage because it is inefficient and is plagued with management problems.
a. true
b. false
The answer is false. Max Weber thought that a bureaucracy was a sane, effective, and ideal organization built on logic-based principles.
- The bureaucracy envisioned by Max Weber:
- According to the German sociologist Max Weber (1864–1920), regulated hierarchies and systematic procedures are required to uphold order, enhance efficiency, and eradicate partiality. Bureaucracy is the most effective and reasonable manner that human activity can be organized.
- Bureaucracy is the use of rules and procedures, whether they be spoken or written, to run an organization. The ideal bureaucracy, in Weber's view, is one that has division of labor, a distinct hierarchy, many rules and regulations, and impersonal relations.
- Weber claims that bureaucracies are goal-oriented institutions created in accordance with logical principles in order to effectively accomplish their objectives. Information moves up the chain of command and down the chain of command when offices are arranged in a hierarchy.
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for the year 2010, 33% of taxpayers with adjusted gross incomes between $30,000 and $60,000 itemized deductions on their federal income tax return. the mean amount of deductions for this population of taxpayers was $16,642. assume that the standard deviation is σ
The probability when the sample of tax payers is 30 is, 0.3545.
What is tax?
A tax is a mandatory financial charge or other type of levy imposed by a governmental organisation on a taxpayer (an individual or legal entity) in order to fund government spending and numerous public spendings (regional, local, or national), and tax compliance makes reference to policy actions and individual behaviour aimed at safeguarding that taxpayers pay the right amount of tax at the right time and receive the correct tax allowances and tax reliefs. The first recognised taxation occurred in Ancient Egypt between 3000 and 2800 BC. Failure to pay on time (non-compliance), as well as evasion or opposition to taxation, is illegal and punishable by law. Taxes can be direct or indirect, and they can be paid in cash or in labour equivalents.
[tex]\begin{aligned}P\left(\frac{-(\bar{x}-\mu)}{\frac{\sigma}{\sqrt{n}}} \leq Z \leq \frac{\bar{x}-\mu}{\frac{\sigma}{\sqrt{n}}}\right) &=P\left(\frac{-200}{\frac{2400}{\sqrt{30}}} \leq Z \leq \frac{200}{\frac{2400}{\sqrt{30}}}\right) \\&=P\left(\frac{-200}{438.178} \leq Z \leq \frac{200}{438.178}\right) \\&=P(-0.4564 \leq Z \leq 0.4564) \\&=0.6772-0.3228 \\&=0.3545\end{aligned}[/tex]
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salesperson sam owns 25% of the outstanding shares of rollo realty, inc., and broker barbara rollo owns the remaining shares. this division of ownership is?
Salesperson Sam owns 25% of the outstanding shares of Rollo Realty, Inc. and broker Barbara Rollo owns the remaining shares. The division of ownership is Acceptable.
What are shares?A share is a unit used by real estate investment trusts, limited partnerships, and mutual funds in the financial markets. All of a company's shares are referred to as its share capital. A shareholder of the corporation is someone who owns shares in the company.
Units of equity ownership in a firm are called shares. For some businesses, shares are a form of financial property that guarantee an equitable dividend distribution of any declared residual earnings. A company that does not pay dividends does not distribute its income to its shareholders.
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if investors can cover themselves in the forward market, they will take advantage of interest rate differentials by:
By purchasing assets (loan) denominated in the high-interest rate currency and selling assets (borrowing) denominated in the low-interest rate currency, investors will benefit from interest rate differentials.
Who is an investor?An investor is someone who puts money into something with the intention of profiting from it later on or to gain an advantage (interest). The investor usually uses these allocated cash to buy different kinds of property. Investments can be made in a variety of assets, including stocks, bonds, securities, money, land, infrastructure, commodities, tokens, and derivatives like put and call options, futures, and forwards. This notion does not distinguish between investors in the primary and secondary markets. In other words, both people who give money to a company and those who buy shares are regarded as investors. Shareholders are investors who own stock. Long-term capital gains are expected to continue to benefit investors, despite the possibility that the tax system may alter.
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a single alternative decision structure tests a condition and then takes one path if the condition is true, or another path if the condition is false. t/f?
False, A single alternative decision structure tests a condition and then takes one path if the state is true and skips if the condition is false.
What is a single alternative decision structure?
a decision-making process that offers just one possible course of action. The programme follows the alternate path if the test condition is true. The simplest decision control structure is this one. It only contains a statement or group of statements that follow the "true" path. The statement, and block of statements, of the structure are executed if the Boolean expression evaluates to true; otherwise, the statements are skipped.
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Which of the following are outcomes associated with various types of organizational culture?
a. more positive organizational outcomes in market cultures
b. higher market share in clan and market cultures
c. more positive work attitudes in clan cultures
d. higher financial performance in market and hierarchy cultures
e. higher customer satisfaction in clan and market cultures
All the given options reflect the outcomes of the several types of organizational cultures.
Organizational culture refers to the ways of behaving within organizations. The organizational culture comprises the common beliefs, practices, expectations, and values established by leaders that guide and inform the actions of employees. A positive organizational culture is a key to establishing the traits necessary for the success of the business.
Since organizational cultures lead to improved performance, there are various outcomes associated with them such as improving organizational outcomes, raising market shares, boosting work attitude, increasing the financial performance of the business, and making customers more satisfied.
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ivanka trump is the daughter of business mogul donald trump. her role as heiress to the trump fortune is an example of ______.
Ivanka trump is the daughter of business mogul donald trump. her role as heiress to the trump fortune is an example of ascribed status.
In sociology, the phrase "ascribed status" is used to describe a person's social standing, whether it is one that is given to them at birth or one that they unwittingly adopt later in life. ascribed status is a position that the individual neither earns nor is given to them. The New York City headquarters of the American business magazine Fortune. Thai businessman Chatchaval Jiaravanon owns Fortune Media Group Holdings, which publishes it. In 1929, Henry Luce established the magazine. A social position one adopts freely that reflects both one's skill and merit is known as an achieved status. [1] The profession of a person typically falls under the category of an attained position; examples are teacher or firefighter.
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you want to have $2.5 million in real dollars (hint: it means we need to use the real interest rate in the calculation) in an account when you retire in 40 years. the nominal return on your investment is 10.3% and the inflation rate is 3.7% (hint: do not use the approximation when finding the real interest rate). what real amount must you deposit each year to achieve your goal? [10 pts]
A Annual deposits is a economic time period that means cash held at a bank.
The required details for Annual deposit in given paragraph
The quantity is computed as follows:
Future value = Annual deposits x [ [ (1 + r)n – 1 ] / r ]
r is computed as follows:
= [ (1 + nominal rate) / (1 + inflation rate) ] - 1
= [ (1 + 0.103) / (1 + 0.037) ] - 1
= [ 1.103 / 1.037 ] - 1
= 0.06364513
So, the quantity may be as follows:
$ 2,500,000 = Annual deposits x [ [ (1 + 0.06364513)40 - 1 ] / 0.06364513 ]
$ 2,500,000 = Annual deposits x 169.685887
Annual deposits = $ 2,500,000 / 169.685887
Annual deposits = $ 14,733.eleven Approximately
A Annual deposit is a transaction related to a switch of cash to every other celebration for safekeeping. However, a Annual deposit can talk to a part of cash used as protection or collateral for the shipping of a good.
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Ana just received the semiannual payment of $35 on a bond she owns. This is called the ______ payment.
Ana just received the semiannual payment of $35 on a bond she owns. This is called the coupon payment.
What is the difference between semi-annual and annual coupon bonds?Semiannual bonds compound at twice the rate of annual bonds. If the bond's interest rate is lower than the prevailing rate, an annual bond will be more expensive than its semiannual counterpart, because bond investors are ready to pay more for the extra six months of comparatively high accumulated interest.
The annual interest paid on a bond between the date of issue and the date of maturity is referred to as a coupon payment. The coupon rate is calculated by accumulating all coupons paid every year and dividing the total by the bond's face value.
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although finances are tight, jamal contributes 10 percent of his income to his favorite charity. this is an act of
Even though money is scarce, Jamal donates 10% of his income to his preferred cause. Altruism is displayed in this deed.
Altruism: What Is It?Altruism is a moral principle that promotes both a material and spiritual quality of life by showing concern for the welfare and/or pleasure of other people or animals. It is a cherished virtue in many societies and a fundamental component of many religious and nonreligious worldviews.
Avoiding decisions that could directly benefit you if they will harm others is an example of altruism. selflessness, or risking one's safety to help someone else. Share resources, even when they are few. an expression of concern for another person's welfare.
What constitutes genuine altruism?True altruism entails acts of selflessness that are performed with no thought of reward, reward, or self-improvement in mind. Altruism entails placing the welfare of another person or group ahead of one's own. It might require some sort of sacrifice, like putting one's health or survival at risk.
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suppose as a project manager, you have multiple team members working on similar tasks. how would you decide who should work on what tasks?
As a project manager, I would first learn about the background of each team member and who is familiar with the various types of tasks.
A Project Manager is in charge of a project's planning, procurement, execution, and completion. The project manager is in charge of the entire project and handles everything involved, such as the project scope, project team management, and project resources.
Planning and managing a project to ensure that its stated objectives and deliverables are met is the aim of project management.
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Which of the following terms implies the greatest degree of confidence in an economic generalization?
a. hypothesis
b. comparison
c. theory
d. anomaly
The greatest degree of confidence in an economic generalization is Theory. So, option ‘c’ is correct.
The most trust in an economic generalization is implied by theory. Any economic generalization should be supported by a theory in order to make it clearer.
Every measurement made by a certain person is seen as a sample from a larger universe of possible measurements. In Generalization-theory, we first identify the set of scores and facets from and to which we want to make generalizations. The facets that are taken into account in a Generalization-study are predetermined to be fixed or random .In quantitative research, generalization, which is the act of reasoning that entails deriving general conclusions from specific observations, is universally regarded as a quality criterion; nevertheless, it is more contentious in qualitative research.
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When a dairy company purchases information about people’s yogurt and milk buying behavior from national purchase diary panel, it is acquiring a form of.
When Dannon purchases information about people's yogurt and milk buying behavior from National Purchase Diary Panel, it is acquiring a form of syndicated secondary data
What is syndicated secondary data?It alludes to market information that isn't intended for a single client. Market research companies collect it on their own and assemble it before selling it to other companies.
The measuring unit (households/consumers or institutions) can be used to categorise syndicated sources. Surveys, diary panels, or electronic scanner services can all be used to collect household and consumer data. Retailers, distributors, or industrial companies may provide access to institutional data.
Data that is not distinctive to any one client is referred to as syndicated data. Syndicated data, which aggregates retailer and product data, is typically gathered by market research companies and then bought by companies with a stake in the market.
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why is it not advisable to compose a business message that includes step-by-step instructions written in narrative form within a paragraph?
The account design for directions is more hard to follow.
Which factor is the most critical to developing persuasive business messages?
Identifying the message's purpose is the first step in crafting an effective business message. It is possible for the goal to be either general or specific. In the case of the general nature of the purpose, the primary goal is to collaborate with the audience or provide information.
A message serves three purposes: inform, persuade, or show kindness
What is the most difficult aspect of writing a routine business message?
It's hard to find enough information to write a routine message. It is difficult to pique the interest of readers because they are bombarded with routine messages. Routine messages require significant proof to report their cases.
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jt engineering issued bonds with detachable common stock warrants. at the time of issue, the warrants had a known market value, but the bonds did not. the sum of the fair value of the warrants and the face amount of the bonds exceeds the cash proceeds. how should this excess be reported?
This extra be reported as a reduction on bonds payable.
The required details for bonds in given paragraph
Bonds are issued through governments and agencies after they need to elevate money. By shopping for a bond, you are giving the provider a mortgage, and they comply with pay you returned the face fee of the mortgage on a particular date, and to pay you periodic interest bills alongside the way, generally two times a year. Unlike stocks, bonds issued through businesses provide you with no possession rights. So you do not always enjoy the business enterprise's growth, however you might not see as a great deal effect whilst the business enterprise isn't always doing as well, either—as lengthy because it nevertheless has the sources to live modern-day on its loans.
Bonds, then, provide you with 2 capability blessings while you preserve them as a part of your portfolio: They provide you with a movement of income, and that they offset a number of the volatility you may see from proudly owning stocks.
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Which of the following would a private owner be prohibited from doing?
a. An increase in the rate of investment as a share of total output
b. An increase in the rate of taxation on personal income
c. Passage of regulations restricting international trade
d. Passage of regulations restricting domestic trade
Of the following what private owners would prohibit is an increase in the level of investment as a share of total output.
Investing is a way to increase the amount of money and assets that you currently have. The concept is different if we intend to collect more money than profit in the future to achieve certain goals.
Investing is a way to increase your wealth with minimal effort. The important thing is that when you invest, all you have to do is invest and wait for your money to grow. So don't be surprised if investors say they make money even if they fall asleep. That is one of the most striking characteristics of investing.
For example, spending 1 million dollar a month in the fund sector with fixed income. During this period, you will earn 40% profit. This means that when you make a withdrawal, your money will increase by $4 million from the profits earned.
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ava flavell and other owners (flavell) contracted with f.e.b. general contractors, inc. (feb) to conduct renovations on their historic residence. feb subcontracted with maxim jakes home remodeling and repair (jakes) to perform the roofing work on the project. jakes in turn subcontracted with cal bruce home improvements (bruce), to conduct the roofing work on jakes’s behalf. when bruce performed work on the roof, he "botched the job" and caused extensive leaking inside the house. feb and jakes attempted to correct the problems, but eventually abandoned the project, leaving flavell to hire others to complete the renovations. flavell sued feb, jakes, and bruce for breach of contract. jakes sought to dismiss flavell’s claim against it, arguing no privity of contract existed between themselves and flavell, and therefore jakes should not be liable for any damages.
Based on the given scenario about the contract made bt Ava Flavell with FEB General Contractors to conduct renovations on their historic residence and the work was then subcontracted to Cal Bruce, this is known as Third Party Beneficiaries.
What is the Privity of a Contract?This refers to the principle that one who is not a direct party to a particular contract normally does not have rights under that contract and this is used in business agreements.
Hence, we can see that the given scenario has to do with the contracting of the job of renovating a house and how the job was also subcontracted to another party who botches the job.
The question of the privity of contract comes up and based on the law of Third Party Beneficiaries, Jakes should not be liable for any damages.
With this in mind, it can be seen that the correct answer to the given question is given above.
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Professors at ob university must follow strict guidelines when it comes to planning and delivering course material. This is an example of low.
This is an example of low Autonomy.
Professional jobs rarely have task IDs because employees perform only a fraction of the total job. Employees rarely get a sense of accomplishment because they don't see the big picture. This positive state of mind contributes to satisfaction when employees find their work rewarding.
Motivation Employees who take responsibility for their work, take ownership of their work and know the results tend to be highly motivated. A scope of work that requires an employee to perform all the tasks necessary to complete the work from start to finish. For example, the profession of a craftsman who makes pieces of wood into custom-made furniture is characterized by a high level of job identity.
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