Self-monitoring is a personality attribute that entails the capacity to keep track of and control one's appearance, feelings, and actions in response to social contexts and circumstances.
As per the given question, it is seen that al the 4 candidates have a distinct quality that distinguishes them from each other. Tobias is although likeable, cooperative or understanding, he does not have the ability to self-monitor himself based on only these three factors.
Robin is introvert and still she is capable of interacting with client and team members efficiently. But an introvert person is not sociable to an extent outside the walls of her company. Therefore, she also lacks the quality of self monitoring.
As seen from the question, Martin is very sociable and very extrovert in nature which might later be a problem for him as he might not be able to keep him under control of his socialistic activities.
Therefore, the best person for the promotion would be Charlie, because he is aware of his surroundings and also self-monitoring is not being only social but also adhering to the needs of the organization. Charlie is aware of his project deadlines and is able to meet them on time and along with it, he is also creative and imaginative.
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Answer:
Activity based costing says that we must not absorb the Overhead cost on the basis of one absorption basis as this overhead is not generated as a result of this absorption basis(Machine hrs or labor hours). This use of one absorption basis is inappropriate (not fair allocation). We must find a fair basis that drives this cost. Upon investigation the management found that the total overhead cost suppose which is $1,050,000 can be divided into three cost pools (parts) and each part has a cost driver(a basis of allocation) which can be used to allocate this cost.The costs in the ABC system are allocated to unit product on more fair basis than the tradition absorption costing which only assume one fair basis for allocation of overhead costs. ABC criticizes traditional costing technique for using only one basis for absorption of Overheads.
Now following example will help you in understanding the difference between Absorptiion Costing and Activity based costing.
Suppose both Mr. A and Mr. B drank 5 glasses of juices. Each glass of juice costs $4. According to the Traditional absorption costing technique each individual must pay:
(5 Juices/2)*$4=$10
But ABC says its unfair, use a more appropriate basis for cost allocation. So upon investigating we came to know that Mr. A drank 3 glasses of juice and Mr. B drank 2 glasses of juice. So Mr. A must pay $12(3*$4) and Mr. B must pay $8(2*$4). This is more appropriate or fair basis of absorbing the overhead cost to each individual and is Activity Based Costing.
Answer:
-0.33
Explanation:
The calculation of the price elasticity of demand using mid point formula is shown below:
= (change in quantity demanded ÷ average of quantity demanded) ÷ (percentage change in price ÷ average of price)
where,
Change in quantity demanded is
= Q2 - Q1
= 80 units - 100 units
= -20 units
And, the average of quantity demanded would be
= (80 units + 100 units) ÷ 2
= 90 units
Change in price is
= P2 - P1
= $2 - $1
= 1
And, the average of the price is
= ($2 + $1) ÷ 2
= 1.5
So, after solving this, the price elasticity of demand is -0.33
