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victus00 [196]
3 years ago
8

Enables a manager to make decisions, give orders, and utilize resources. for example, the manager of a local pizzeria has the ri

ght to hire and fire drivers based on their punctuality, performance, and customer-service ratings.
Business
1 answer:
svetoff [14.1K]3 years ago
4 0
<span>The manager is allowed flexibility in his ability to define corporate values and employee focus norms. This gives the manager the ability to assess employee performance in the moment and make hiring/firing/discipline decisions.</span>
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Suppose in 2016, you purchase a house built in 2003. Which of the following would be included in the gross domestic product for
Katen [24]

Answer:

1) C) The value of the services of the real estate agent

2) B) $6,400

Explanation:

First, there are two questions lumped together as one

Question 1:  Suppose in 2016, you purchase a house built in 2003. Which of the following would be included in the gross domestic product for 2016?

A) The value of the house in 2013

B)The value of the house in 2016 minus depreciation

C) The value of the services of the real estate agent

4) The value of the house in 2016

Question 2: Suppose that a simple economy produces only four goods and services shoes. DVDs, tomatoes, and ketchup. Assume one half of the tomatoes are used in making the ketchup and the other half of the tomatoes are purchased by households.

Products         Quantity                            Price

Shoes            40                                     $60

DVDs             100                                   $18

Tomatoes       2,000                              $1

Ketchup          300                                  $4

Using the information in the above table, nominal GDP for this simple economy equals A) $7, 400. B) $6, 400. C) $5, 800 units. D) $2, 440.

<u>Answer to the First Question</u>

First the Gross Domestic Product of a Country usually represents the market value or referred to as total monetary value of finished products as well as services that were engaged in during a specific period of time and within the borders of that country. The thing about GDP is that it only reflects items that are captured as products or services and which are reported for the year.

In the question therefore, the GDP will only reflect the value of product or service that was newly created in 2016. The house was built in 2003, therefore the relevant GDP item (value of the house) was captured in 2003.

The only new value is the Value of the services of the real estate agent who was engaged in 2016 to facilitate the sales of the house.

<u>Answer to the Second Question:</u>

Nominal GDP  represents GDP valued at current market prices for products or services.

To calculate the Nominal GDP we look at the goods and then calculate based on their current market prices.

(Shoes = 40 pieces x $60) + (DVDS = 100 pieces x $18) + (Tomatoes (1000x$1 - 1/2 purchased by households)  + (Ketchup 300 x $4)

= $2400+ $1,800+ $1000+ $1,200

= $6,400

5 0
3 years ago
Why is positive wording more effective in business messages than negative wording?
Vesna [10]
Positive wording has an effect on the message getting received, which is the goal.
3 0
3 years ago
The student is told that one of the four solids tested is actually barium chloride ,bacl2. which of the solids could be bacl2?
dem82 [27]

To find the correct answer, you should know that Barium Chloride is a strong electrolyte. A strong electrolyte will wholly complete the circuit as shown by a brightly powered light bulb. Therefore, the correct answer is a solid with a concentration of 0.20, where the strength of light emitted is bright. Remember that all strong acids and highly soluble ionic substances are strong electrolytes. Ionic compounds that are merely slightly soluble or are insoluble may act as a poor electrolytes.

6 0
3 years ago
When $45,000 of goods are completed in Production Department D and transferred to the finished-goods warehouse where completed p
kykrilka [37]

Answer:

A debit to Finished-Goods Inventory

Explanation:

While recording this transaction, the journal entry is as follows

Finished goods inventory $45,000

      To work in process inventory $45,000

(Being the completed units are recorded)

For recording this, we debited the finished goods inventory and credited the work in process inventory so that the correct posting could be done and the same is shown above

8 0
3 years ago
Bank Reconciliation and Entries The cash account for Stone Systems at July 31, 20Y5, indicated a balance of $12,270. The bank st
prohojiy [21]

Answer: Please see below for the reconciliation of bank and book balance for Stone systems as $15,310

Explanation:

Bank Reconciliation Statement  for July 31 , 20Y5  for Stone Systems

Particulars                                 Amount

Balance on bank statement       $15,440

Additions:  

Outstanding Deposits                       $5,790                        

Deductions:  

Outstanding checks                 $5,560

Bank Error (400-40)                        $360                                        

Adjusted bank balance            $15,310

Balance in books                          $12,270.                        

Additions:  

Note Collection plus interest    $3,010  

Incorrect recording of check

($880-$800)                                    $80  

Deductions

Bank Service charges                    $50  

Adjusted book balance       $15,310

5 0
3 years ago
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