Answer:
a) Theory Y
Explanation:
Crater Valley Manufacturing has adopted the theory Y management approach. Theory Y proposes a participative management style, teamwork, and decentralization of the decision-making process. In the theory Y approach, managers encourage employees initiatives that will contribute to the success of the organization. Theory Y tries to match the organizations' objectives with the employees' aspirations.
<u>Some of theory Y assumption include</u>
- Employees have a natural tendency to work and play.
- Employees have self-direction and self-discipline in pursuit of organizational goals without external coercion or threats.
- An average person seeks and accepts responsibilities.
- Employee loyalty and commitment is as a result of job satisfaction and job reward.
Answer:
Understates
Explanation:
The difference between the real GDP per capita in 1890 and the real GDP per capita today understates the difference in the population's economic well-being because although it is a given that the higher the GDP is higher the standard of well-being of the population, <u>however the understatement comes from the fact that GDP has a short-coming of failing to include the value of leisure time.</u>
<u>GDP includes exchanges of value. for example if you employ a maid to take care of house chores and pay the maid, that is an exchange of value and will be captured by GDP but will not be captured if you do it yourself, and there are a lot more people doing things themselves today and the population is far more than in 1890</u>
Answer: The correct answer is "d. reduces search effort which raises unemployment.".
Explanation: Unemployment insurance reduces search effort which raises unemployment because the unemployed who receive this unemployment insurance, lose motivation to look for work because they are calm knowing that they will receive unemployment insurance, which causes unemployment to increase.
Answer:
1. <u>Calculation of Inventory Turnover Ratio
</u>
Inventory Turnover Ratio = Cost of Goods Sold / Average Inventory
When Average inventory= Opening Inventory+ Ending Inventory / 2 = (1,542,553 + $1,735,455)/2 = $1,639,004.
Inventory Turnover ratio = $7,250,000 / $1,639,004
Inventory Turnover ratio = 4.42 times
2 If the price of wire is increasing, its good opportunity for the company to take advantage with proper planning. The company has to increase the purchase of the stock to take this advantage however it should also be noted about the opportunity cost as more money now will be invested in the stock. If the increase in Price is minimal then there is no need to increase the purchase of the stock
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Answer
The answer and procedures of the exercise are attached in the following archives.
Explanation
You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.
