Assuming the total amount of gasoline purchased is 12 million barrels per day. The percentage change in the quantity demanded is: 50%.
<h3>Percentage change in the quantity demanded</h3>
Using this formula
Percentage change in quantity demanded= (Total amount of gasoline purchased- total amount of gasoline purchased in united states)/ Total amount of gasoline purchased in united states×100
Let plug in the formula
Percentage change in quantity demanded=(12 - 8) / 8
Percentage change in quantity demanded =4/8×100
Percentage change in quantity demanded=50%
Inconclusion the percentage change in the quantity demanded is: 50%.
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Answer:
Successful innovation allows you to add value to your business so that you can increase your profits—if you don't innovate well, your business will plateau. Innovation helps you stay ahead of the competition. With globalization and a rapidly changing market, there are more competing businesses than ever before.
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Answer:
Individual rewards for contributions to the team
Explanation:
A team should share rewards among themselves not to individuals, because effective teams are made of collaborators not competitors. By giving individual rewards for contributions to the team it reduces how effective the team behavior is.
For example, if a particular team is giving certain rights over others, there may begin to exist a competitive spirit amongst the team.
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.
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