Explanation:
Using Frederick Taylor's principles of scientific management McDonald's entire staff activities would be planned, coordinated, and controlled under continuous direction of a supervisor or expert.
The line of authority using the Max Weber's hierarchical structure for McDonald's activities would be marked by;
- Specialization of labor: placing the skilled person on the job.
- A formal set of rules and regulations,
- A well-defined hierarchy within the organization,
- Impersonality in the application of rules: by treating all employees equally.
- Employment-based on Technical Qualifications: McDonald employs only the qualified to do the job.
Henri Fayol's administrative principles should result in;
- Division of work in McDonald,
- Delegation of authority and responsibility,
- Discipline of wanting employees,
- Unity of Command,
- Unity of Direction,
- Subordination of individual interest to general interest,
- <em>Good remuneration of McDonald's staff.</em>
Answer:
A. The Supply Curve shifts Right.
As American Producers are paying less in dollar terms, their costs of production will reduce. The reduction in Cost of Production will spur producers to produce even more because inputs are cheaper and more will be bought and processed and so the Supply will increase and shift the Supply Curve left.
B. Aggregate Demand Curve shifts Right.
As a result of more money being in the Economy, more people will want to lend out the excess cash they have to earn some interest on it. This will reduce the cost of borrowing and will therefore spur people to borrow more to be able to afford things they want. With the people having more money, they will buy more things therefore upping Demand. The Demand Curve will shift to the Right as a result.
C. Supply Curve shifts Left
Wages are an input into Production. Should they increase that would mean that the cost of Production has risen as well for Producers. They will respond by reducing the amount of goods they produce so as to maintain Profitability and reduce those costs. This will cut supply and shift the Supply Curve to the left.
D. Movement along Short Run Aggregate Demand Curve
Aggregate Demand Curve is constructed based on the demand of the Economy at different prices levels. Should the Price Level decrease it is simply a movement along the Aggregate Demand Curve.
Answer:
Explanation:
At $0.86
$0.86<$0.89
The buyer of the call option will not exercise the option. Net profit will be equal to the premium paid per unit = $0.02/unit.
At $0.87
$0.87<$0.89
The buyer of the call option will still not exercise the option. Therefore, net profit will be equal to the premium paid per unit = $0.02 unit. So net profit = $0.02/unit
At $0.88
$0.88<$0.89
The buyer of the call option will still not exercise the option. Net profit will be equal to the premium paid per unit = $0.02 unit. So net profit = $0.02/unit
At $0.89
$0.89=$0.89
The buyer of the call option will still not exercise the option. Net profit will be equal to the premium paid per unit = $0.02/unit.
At $0.91
The buyer will exercise the option and the net loss to Bulldog Inc will be 0.02/unit ($0.91-$0.89)
So there is no profit and no loss because this is offset by the call premium
Profit = -0.02 (loss on exercise) + 0.02 (call premium) = $0/unit
At $0.92
The buyer will exercise the option. The net loss to Bulldog Inc will be $0.03/unit ($0.92-$0.89)
Loss= -0.03 (loss on exercise) + 0.02 (call premium) = -$0.01/unit
Is it a multiple choice question? Anyway, this is the definition of a limited partnership:
<span>A Limited Partnership is a partnership consisting of a general partner, who manages the business and has unlimited personal liability for the debts and obligations of the Limited Partnership, and a limited partner, who has limited liability but cannot participate in management.</span>
Answer:
The labor efficiency variance for this last pay period was $1,200 Favorable.
Explanation:
In order to calculate Dreary's labor efficiency variance for this last pay period, we have to calculate first the standard hours allowed for actual work using the following formula:
Standard hours
allowed for actual work= (
<u>Total number of applications
)</u> × number of
Standard number of applications hours worked
= <u>(2.500 applications)</u>× 8 hours
10 applications
=2,000 hours
After having calculated the Standard hours allowed for actual work, we can calculate the labor efficiency variance using the following formula:
labor efficiency variance= (Actual hours worked-Standard hours allowed for actual work)× standard rate
= (1,920-2,000)×$15
=-$1,200
The Labor efficiency variance is $1,200 Favorable.
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