Answer:
Efficiency of the system = Actual output/ Effective capacity*100
Efficiency of the system = 850/950*100
Efficiency of the system = 0.894737*100
Efficiency of the system = 89.47%
Utilization of the system = Actual output/Design capacity*100
Utilization of the system = 850/1200*100
Utilization of the system = 0.708333*100
Utilization of the system = 70.83%
Answer:
Implied agency
Explanation:
Agency
This is simply known as a form of
relationship between two parties in that the principal hires another person to represent him or her.
An agency relationship can be created with 2 types of agreements between the parties. They are
1. Express agency
2. Implied agency
Express agency
This is simply known as a formal contractural agreement. It can be in an oral or written format.
Implied agency
This is often regarded as an implied agreement. It is an agency which is created through the actions of the parties, instead of an express agreement. It is also called Ostensible agency.
Listing Agreement
This is simply defined as written employment contract which gives right to the broker to find a buyer or a tenant for the owner's property.
Had to look for the options and here is my answer. The term that best fits the blank is "GLORY TALES". This is taken from "Standing Stone" that was written by Phil J. Harrison and this was discussed in the lectures. Hope this answers your question.
Answer:
Self-managed Work team.
Explanation:
As Nick has created a team of eleven employees from quality control for working on high priority projects. Nick has given the team members the responsibility of planning and scheduling their own work and making all functional decisions. Also, members of this team can evaluate each other's performance. This is an example of a self-managed work team. Self-managed work team are self-organized group of people who can plan, manage, organize, evaluate, control their own tasks, goals and daily day to day activities under less, reduced or almost no supervision. These teams are also referred to as self-directed teams.
Answer:
Option (B) is correct.
Explanation:
Producer surplus is defined as the difference between the current market price of a good and the amount or cost incurred by the firm to produced the good. If the producer will be able to get the higher price for a good than the full cost of production of that good then he will earn the producer surplus.
Graphically, the producer surplus is represented by the flat top.
