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user100 [1]
2 years ago
15

Why is profit maximisation more important than utility maximisation for business?​

Business
1 answer:
Alex2 years ago
8 0

Answer:

The more we have, the lower the utility of any additional unit of the good. When the marginal utility is higher because the supply is lower, prices rise relative to cost of production. ... Thus, the profit system motivates businesses to produce the goods and services which have the highest marginal utility.

Hope this is helpful to you..

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A famous study that asked workers to rank a list of job related factors in order of what motivated them most was coneceived and
exis [7]

Answer:

The famous study which asked employees to rank a list of job related factors in order of what motivates them most was introduced and supervised by Federick Herzberg.

Explanation:

Federick Herzberg was an american psychologist ( clinical psychologist ) , who was know to be a great thinker of management and motivational theories. He was the one who introduced the concept of job enrichment and gave the two factory theory of job satisfaction ( also know as motivation - hygiene theory ) , according to which employees or people in general are influenced by two factors - motivation and hygiene.

Where if the hygiene factor is not present in the work environment than it can lower motivation and motivational factors are the ones which can increase an employees motivation.

3 0
3 years ago
Stephen (an HIM coding manager) has been tracking Gina’s coding productivity and quality over the past several months. Gina has
Orlov [11]

Answer:

<em>Performance Improvement Plan</em>

Explanation:

A performance improvement plan is <em>a structured document saying any ongoing performance problems together with the targets which a worker needs to maintain in order to restore the business's good standing (typically with a specific timeframe for achieving the plan). </em>

Gina is failing to meet her coding benchmarks, so Stephen has to regulate her work.

When an individual is put on the performance improvement plan, the employer and Management are likely to meet you to go over it and respond to questions you might have.

7 0
4 years ago
Acme, Inc., incurs the following costs during May:
chubhunter [2.5K]

Answer:

Particulars                                            Amount

Raw material used                               $18,600

Add: Direct labor                                 $26,600

<u>Overhead costs</u>

Factory supplies                 $3,100

Plant depreciation              $6,800

Indirect labor                      $8,600

Utilities ($10,600*80%)       <u>$8,480</u>  

Total overhead cost                             <u>$26,980</u>

Total manufacturing costs                 <u>$72,180</u>

8 0
3 years ago
What is the name of Indian stock market king
olga55 [171]
Rakesh jhunjhunwala is the stock market king
7 0
4 years ago
Read 2 more answers
What is bootstrapping technique 1 buying as much as u can 2 leasing as much as u can
RUDIKE [14]

Answer:

2. Lease as much as you can.

Explanation:

The term 'bootstrapping' can be defined as a process used by entrepreneurs to bringing in use their own assets as the capital resource. These resources can include personal savings, personal property area, etc. An enterprenuer can use these resources to ensure positive cash flow.

The most common way of bootstrapping is to lease your resources. One can lease his/her resources as much as one can under bootstrapping technique.

Therefore, option 2 is correct.

3 0
3 years ago
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