Answer:
The correct answer is letter "B": Convene a meeting and ask Sam to substantiate the need for a new team leader. Review the ethics policy and company hiring guidelines. Express your concerns about the budget.
Explanation:
First of all, the company must <em>confirm if there is really a need for a team leader in the assembly area</em>. If so, the benefits of having such a professional must be pointed out. If approved, because of the rumors of Sam hiring a friend for the position,<em> the ethics policy and company hiring guidelines must be clarified</em> in order to let Sam know that the new leader must be selected after the evaluation of a number of applicants who can could suitable for the position. Last but not least, the details of the reasonable income this new leader will receive should be explained to find out <em>what would be</em> <em>the impact on the company's budget</em>.
Rajon has employed a utility theory of which a person has
decided and targeted his or her preference in life as it is seen on Rajon’s
actions as he tries to determine the course he would take of which is
beneficial for him in the future which are considered to be his preference in
his life. It is also a way of having people rank choices and which would be of
preference or priorities in their life. It can be illustrated on Rajon’s
actions as he tries to take up choices of which is best and which are his
priorities in relation his field and job after he graduated in his school.
Answer:
B. The zero based budget requires managers to re-justify every planned expenditure every year.
Explanation:
A zero based budget is one that does not take into account historical data when it is considering the present year budget. Each departmental requirement is re-evaluated and a new amount is assigned as budget for the year.
However conventional budgets carryover the previous year's expenses as a base data point. This results in similar budgeting across years.
So the main difference between the two is that zero based budget requires managers to re-justify every planned expenditure every year.
Answer: Personal comparison
Explanation:
When it comes to the Control Process, entities are allowed to use several comparison methods when comparing task results with objectives.
These include:
- the Historical method where current performance is compared to past performance
- the Relative comparison method where the organization's performance is compared against a benchmark of other organizations in the industry.
- Engineering comparison where schedules are used to ensure that activities finish on time.
Personal comparison is not an acceptable method.
Answer:
Efficiency wage theory
Explanation:
Efficiency wage theory was first postulated by Alfred Marshall, where he viewed compensation to workers as based on their efficiency.
Companies use efficient wage to reduce staff turnover, as staff are motivated to stay because of wages that are above the industry standard.
It is also a way to reduce cost mostly in industries where the cost of staff replacement is high.
