1.<span>long hours
2.</span><span>physical stress
3.</span><span> danger of injury
4. </span><span>low wages
5. </span><span>poor working conditions
etc...</span>
Answer:
A reduction in average product by 0.01
Explanation:
Current number of workers = 200
Average product of labor = 10 Custom Vans per worker per week
Average product is given as : TP/N
Where TP is the total product and is Unknown, N is the number of workers and it is equal to 200.
Therefore TP = 200*10 = 2000
Marginal product (MP) of labour = 8 custom vans per worker per week.
Hiring additional worker will increase total product (TP) by 8.
New average product = (2000+8)/(200+1) = 2008/201
New AP = 9.99
So hiring an additional product will reduce average product by 0.01
Answer:
Administrative Cost
Explanation:
Administrative cost refers to the cost used in directing and controlling a firm, corporation or organisation. These cost includes salary and wages of employee, insurance, depreciation, postage, stationery, rent, etc.
It is sometimes refers to as general cost. It is used in the day to day running of the business, but not directly attributable to any production process. These cost can not be categorized as either financing or distribution cost. Hence, it falls under administrative cost.
Francis, the plant manager, is interested in increasing the facility's productivity by utilizing MBO so that his managers and their employees are more focused on objectives. This month Francis asked his managers to concentrate on the two first steps of MBO, which are to jointly set objectives with their employees and to have managers develop action plans
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Explanation:</u></h3>
MBO refers to Management by Objectives. In this type of management system the managerial activities are integrated and are executed in a systematic manner. This is done for the management of the objectives of an organisation are managed both effectively and efficiently.
It focuses on both the organisation and the individual's objectives.In the given example, the aim of the plant manager is to increase the productivity of a Plant through MBO. Hence he can first jointly set objectives with the employees and assign managers to develop action plans.
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Answer:
John is EMPLOYED.
Even though it is only a part time job that John has, this qualifies him to be classified as employed because part time workers are considered employed.
Patty is UNEMPLOYED.
Unemployed people are those who at that point do not have employment but are actively looking for it. Patty is interviewing for a coaching job so is looking for work which makes her unemployed.
Cole is NOT IN LABOR FORCE.
Cole has decided not to work or look for work in these two years which means that he is not in the labor force as only those who are looking for work or working are considered part of the labor force.
Betsy is NOT IN CIVILIAN POPULATION.
Betsy is not in the civilian population as she is in the army. Those in the armed forces are not considered in the calculation of the labor force as they are not civilian.