Managerial economics can be applied to the non-profit organizations too because it help them in organizing, and controlling their resources.
Managerial economics is relevant to nonprofit organizations and government agencies as well as conventional, for-profit businesses.
<h3>What is
Managerial economics?</h3>
Managerial economics is an area of economics that is used for staffing, as well as controlling the resources of the organization.
With Managerial economics , one can carry out:
- planning
- directing
- organizing
In this case, Managerial economics is relevant to nonprofit organizations and government agencies as well as conventional, for-profit businesses.
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Answer:d. $30,000
Explanation:
The reduction of loan amount from $80,000 to $50,000 means carry has gained the difference of $30,000 by paying less than the value of loan he has received.
On an overall analysis the net asset will improve from -$10,000 to $20,000 but the income from the loan reduction is $30,000 i.e,$80,000 minus $50,000.
Yes. Collective bargaining is negotiation of wages working conditions by an organized group of employees (often called a union). The union representatives meet with the employer/employer's representatives to negotiate terms.
Answer:
Communicating value
Explanation:
Communicating value involves showing others what makes one's product or skills different and better than others that are available.
What value means to stakeholders in a situation needs to be defined.
Focus is then given to how the skill or product can meet these unique needs.
Also one needs to understand the most effective platform to use in communicating value.
In this instance Ethan wants to make his resume stand out from all the other resumes that the company receives in order to be selected for an interview
He is communicating the value he can add to the company.
Answer:
c. Jonathan, who segregates tasks and classifies them based on priority needs
Explanation:
Time management entails planning and controlling how much time one spends to undertake assigned tasks. Good time management skills increase one's efficiency and productivity.
Phone calls should be scheduled during less productive hours. One should delegate tasks where possible to enable timely completion. It is important to undertake one task at a time in order to be efficient. Tasks should be undertaken based on priority.
Therefore, options a,b and d are incorrect and option c is correct.
