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klio [65]
3 years ago
10

What are the differences you see between a culture of accountability, where people are held accountable for the mistakes they ma

ke, and the Just Culture approach, where mistakes are not punished, but seen as methods of learning? What are the pros and cons of each?
Business
1 answer:
DaniilM [7]3 years ago
6 0

Explanation:

<u>The culture of accountability</u> is primarily characterized by the accountability that all employees of the organization have with their positions and tasks. In this culture, a mistake made requires accountability of the employee, which can result in negative consequences, so responsibilities for tasks are handled proactively before an error occurs, not reactive after it occurs.

The differences between the culture of accountability and <u>Just culture</u>, are that while accountability promotes responsibility for the non-occurrence of errors, in Just culture errors are perceived as natural and present in any activity, and that any professional competent as it may be, it is liable to make mistakes, as many of the errors are unpredictable occurrences between workers and the systems in which they work. Therefore this culture prioritizes learning through mistakes, organization and prudence.

Each approach to organizational culture has its pros and cons. The culture of accountability promotes work that is done more efficiently due to the sense of responsibility imposed, but can also present the downside of diminishing innovation and collaborating with different ideas, due to the emphasis and fear for negative outcomes, which may diminish. employee performance.

In the just culture, pros may be related to greater employee motivation and collaboration with work innovation, due to flexibility and non-punishment for mistakes and improved learning performance. But as a downside, tasks with less responsibility and higher risk of errors may also occur due to the possibility of errors being justified.

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Which of the following tools would be used to tighten a nut or bolt with a precise amount of twisting
Nataly [62]

the answer would a actually be A. Torque Wrench


A torque wrench is a tool used to apply a specific torque to a fastener such as a nut or bolt. It is usually in the form of a socket wrench with special internal mechanisms.

5 0
3 years ago
A perfectly competitive firm initially is earning a normal profit. Then, a decrease in demand for the firm's product occurs. Of
Natali [406]

Answer:

Exit the market.

Explanation:

Suppose there are X firms in a competitive market and they are all making normal profits. If the demand for their products decreases, some of the firms will start to sell less, which will result in lower profits or even losses. In the long run, those firms that experience lower sales resulting in lower profits or losses, will exit the market. Once these firms exit the market, the quantity supplied should decrease, which will result in a price increase.

4 0
3 years ago
A company expects to pay a dividend of $3.50 per share one year from today. the dividend is expected to grow at 30 percent per y
monitta

Answer: $70

Explanation:

Price = Present value of year 1 dividend + Present value of year 2 dividend + Present value of year 3 dividend + Present value of year 4 dividend + Present value of year 4 price

Year 4 price = Year 4 dividend / ( Required return - Growth rate after 3 years)

= (3.50 * 1.30³ * 1.04) / (13% - 4%)

= $88.856

Price = (3.50 / (1 + 13%)) + ( (3.50 * 1.3) / 1.13²) + ( (3.50 * 1.3²) / 1.13³) + ( (3.50 * 1.3³) / 1.13⁴) + 88.856/1.13⁴

= $69.97

= $70

7 0
3 years ago
A large group of fans are upset about the high price of tickets to many events. As a result of their lobbying efforts, a new law
Mashcka [7]

Answer:

C. <u>shortage</u>; <u>elastic</u>; <u>the same number of</u>

Explanation:

The law of demand states an inverse relationship between quantity demanded of a good and it's price.

Price elasticity of demand refers to the degree of responsiveness of quantity demanded to a change in price. When quantity demanded changes less relatively to change in price, it is termed as inelastic demand while when the change in quantity demanded is lot more than the change in price, it is termed as elastic demand.

In the given case, after the upper limit price has been capped and fixed, this would create a rush and tickets for the sports events would be sold off since the quantity demanded would rise.

This would result into a shortage since demand shall exceed supply and since the price cannot be raised above $50.

The more elastic the demand, more shortage of tickets it would result into and the same number of people will attend the events i.e the seating capacity is not increased.

7 0
3 years ago
Read 2 more answers
Riya has recently started a restaurant in a commercial area that already has many other establishedrestaurants and popular fast-
STatiana [176]

Answer:

Option 4 Building is the most valuable asset owned by Riya

Explanation:

The reason is that the asset lowers the breakeven point and also helps to increase the profit by offering at lower prices than the competitor to increase the product demand and earn more by increased demand (Demand and price relationship application). So the most valuable asset from the business perspective is building owned by Riya.

3 0
2 years ago
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