The price elasticity of a good will tend to be larger the longer the relevant time period.
Answer:
b) Dwight is liable for negligence because Stan did not knowingly assume the risk that Dwight would hit a shot in his direction
Explanation:
In this scenario there was an agreement between Stan and Dwight where Dwight asked Stan to drive ahead in the golf cart to see if they could hit their shots.
However Stan drove the cart over the hill, saw the green was clear, and started driving back to the tee box.
Instead of waiting as agreed Dwight made a shot that hit Stan on the head injuring him.
Dwight is liable in this case because he was supposed to wait and get feedback from Stan before making a shot.
He knowingly made the shot knowing there was a blind spot.
This is negligence on Dwight's part.
Answer:
The organization structure is not clearly defined, Managers are performing duties in various departments at a time.
Explanation:
San Consulting is one of the finest consulting firm in the Greater Accra Region. The firm is always a first choice for individuals who want to pursue their career in business. The Organizational structure of San Consulting is not clearly defined. San's profits are falling because management practices are not according to the other competitive organizations. The managers working at San are facing excess workload and pressure for their work. Their job descriptions is not clearly defined and they are forced to work in multiple departments at the same time due to which they are losing focus on their own work.
Questions 1: Planning, organizing, leading and controlling
Question 2: The organizational structure needs to be set and every employee should have their defined job role so they are able to complete work with efficiency.
Question 3: The profits of San consulting will rise as there will be less duplication of work and every employee will be able to focus on their own task and will work with efficiency.
Question 4: Matrix. The matrix organizational structure is not suited in this organization. The right organizational structure for San consulting will be Functional Structure.
Question 5: (i) The profits for San Consulting will decline
(ii) The profit will rise because employee will focus more on their specific tasks.
1B. Yes agree. The managers need to focus on the external environment as well to identify the opportunities and threats present which can stimulate changes for the organization.
Answer:
$3,676,100
Explanation:
in base year dollars, the building costed $2,340,000 / 1.923 = $1,216,849
if today's cost index is 3.021, then it should cost $1,216,849 x 3.021 = $3,676,100 to build the same building.
The cost index is used to adjust inflation, since costs tend to increase a little every year, you need some type of index to compare costs over different periods of time.
