Social capital increases cooperation among individuals inside and outside the firm.
What is social capital ?
Social capital allows a group of people to work together effectively to achieve a common purpose or goal. It allows a society or organization, such as a corporation or a nonprofit, to function together as a whole through trust and shared identity, norms, values, and mutual relationships.
What is the social capital theory?
Social capital theory contends that social relationships are resources that can lead to the development and accumulation of human capital. For example, a stable family environment can support educational attainment and support the development of highly valued and rewarded skills and credentials.
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The price a firm charges for a good or service is typically less than the value placed on that good or service by the customer. This is because the customer captures some of that value in the form of what economists call a consumer surplus.
Purchaser surplus measures the gain to buyers from participating in a marketplace. Its miles are measured as the quantity a consumer is willing to pay for an amazing minus the quantity a customer without a doubt can pay for it.
If markets were now not aggressive, the purchaser surplus would be less and there would be more inequality. A lower customer surplus results in better producer surplus and extra inequality. Client surplus allows consumers to purchase a much wider preference of goods.
The customer surplus refers back to the difference between what a consumer is inclined to pay and what they paid for a product. The manufacturer surplus is the difference between the marketplace rate and the bottom fee a manufacturer is willing to just accept to supply an awesome.
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Answer:
cash account $15,239
bank statement $14,651
reconciliation per bank statement:
bank statement $14,651
+ deposits in transit $2,247
<u>- outstanding checks ($1,745) </u>
reconciled bank statement $15,153
reconciliation per cash account:
cash account $15,239
+ error on check No. 919, $9
<u>- bank service fees ($95) </u>
reconciled cash account $15,153
reconciled bank statement $15,153 = reconciled cash account $15,153
Answer:
When Larry and Bobbie first opened the bakery, labour allocation was not as complicated, but only 2 of them were involved. Larry used to make the cupcakes, and Bobbie used to decorate them to create them seem nice. Merritt's then went on to commit and administer the firm instead of executing tasks, which they used to perform on a daily basis since there were administrators, sales associates, and marketers.
When the firm began to grow, there was a command structure in place, with employees reporting directly to Larry as well as Bobbie. Merritts began recruiting additional executives as the business's effectiveness began to deteriorate as the firm grew, and management was constricted. When new employees joined the leadership team only a few people used to notify Larry and Bobbie.
