Answer:
capitalism
Explanation:
No country in the world is completely capitalistic or completely socialistic. Every government is a mixture of both, but most lean towards on side or the other.
The US was normally known as being the champion of capitalism, but when the republican party shifted its free market policies towards higher regulations and less trade, that started to change. On a capitalistic system, private entities (suppliers and consumers) decide how to allocate resources and they generally do it much more efficiently.
Pure capitalism doesn't accept governments, the laissez faire doctrine advocates for no government intervention, but in a real it is not possible.
Even in capitalistic countries, governments must exist and they need money to function, so they tax people and businesses. They also regulate some specific activities (e.g. monopolies, trade tariffs, etc.) and they try to redistribute wealth (e.g. welfare, unemployment benefits, free education, social security, etc.).
The US is still one of the most capitalistic countries in the world, although the last foreign policies point in another direction. Before the US advocated for free trade agreements and free trade zones, but that has been partially replaced by trade tariffs and quotas.
Complete question:
Alex has been the highest performer within his department for the last five years. Vera, the Head of the Division in which Alex works, has decided to promote Alex to reward him for his hard work and dedication to the firm. Vera believes that his technical proficiency will inspire the rest of the team to work harder and become more accurate.
Is Vera's reasoning sound? Does Alex's technical proficiency help to ensure his success as a manager?
a. Yes, Alex's high expectations will make him a better manager.
b. No, human relations skills are just as important as technical expertise.
c. Yes, technical proficiency is the key to managerial success.
d. Yes, technical proficiency in a manager is inspirational to teams.
Answer:
(B) No, human relations skills are just as important as technical expertise.
<h3>
What is technical expertise?</h3>
- Technical skills are the particular knowledge and competence required in real-world circumstances to complete certain jobs and use specific equipment and programs.
- From information technology and corporate administration to health care and education, diverse technical abilities are necessary for almost every sector and industry.
- Technical skills are the particular knowledge and competence required in real-world circumstances to complete certain jobs and use specific equipment and programs.
- From information technology and corporate administration to health care and education, diverse technical abilities are necessary for almost every sector and industry.
<h3>
What are relations skills?</h3>
- This includes communicating openly, actively listening, cooperating, refusing improper social pressure, constructively negotiating disagreement, and seeking and offering assistance when needed.
- Relationship skills are essential for personal and professional success.
- Trust, respect, self-awareness, inclusiveness, and open communication are all required for a healthy professional relationship.
- Let's take a closer look at each of these traits.
- You can be open and honest in your ideas and actions when you trust your team members.
So, in this instance, Vera is attempting to argue that interpersonal skills are just as vital as technical skills.
Therefore, the correct option is (B) No, human relations skills are just as important as technical expertise.
Know more about technical skills here:
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Answer:
The correct answer is 3,175,300.
Explanation:
According to the scenario, the computation of the given data are as follows:
We can calculate the number of shares by using following formula:
Number of shares = [ Outstanding + ( Additional share × Months) + ( Additional share × Months)] × 1+Dividend
By putting the value, we get
= [2,600,000 + (280,000 × 6/12) + (280,000 × 3/12)] × 1.13
= [ 2,600,000 + 140,000 + 70,000 ] × 1.13
= 3,175,300
Cost volume profit shows the relation between sales volume, price and costs, these three factors affects the profit of company. Such CVP analysis used in decision making for the company. Profit volume(PV) ratio is one of the ratio from CVP analysis. PV ratio is the ratio between Contribution and sales of the company.
For example:- Let's say Sales of the company is $10,000,000 and variable cost = $3,585,000
Contribution will be Sales-variable cost = $10,000,000 - $3,585,000 = $6,415,000
PV ratio = Contribution/sales *100 = $6,415,000 / $10,000,000 * 100 = 64.15%
Here in this example, PV ratio of 64.15% is the contribution before fixed cost that a company has earned from its sales.
Break Even Analysis:-
Break even analysis show the situation where the company is at zero profit situation, means no profit no loss situation. Break even analysis or the break even point is the point that given the level at which company earns no profit or incurred no loss. Break even point is one of the analysis that comes under Break even analysis. Break even analysis is the ratio between fixed cost and PV ratio (%) of the company.
For example;- Let's say in the above example Fixed cost of the company is $1,300,000 and PV as calculated in the above example is 64.15% , Break even point will be Fixed cost / PV ratio = $1,300,000 / 64.15% = $2,026.500. This is the point where company is at zero profit/loss situation means company incurred no loss and earned zero profit.
