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gregori [183]
3 years ago
12

Francis, the plant manager, is interested in increasing the facility's productivity by utilizing MBO so that his managers and th

eir employees are more focused on objectives. This month Francis asked his managers to concentrate on the two first steps of MBO, which are ________
Business
1 answer:
Mashcka [7]3 years ago
3 0

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

<h3><u>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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Voltaic Electronics uses a standard part in the manufacture of different types of radios. The total cost of producing 36 comma 0
Ne4ueva [31]

Answer:

The net income will increase by $13,000 is the part is out source.

Explanation:

Giving the following information:

Units= 36,000 parts

Total variable cost= $60,000

Total fixed costs= $50,000

The company can buy the part from an outside supplier for $ 2 per unit and avoid 20​% of the fixed costs.

Assume that the company can use the freed manufacturing space to make another product that can earn a profit of $15,000.

We need to calculate the effect on the income of buying the part.

First, we will calculate the current cost:

Production:

Total cost= total variable cost + avoidable fixed cost

Total cost= 60,000 + 10,000= $70,000

Buy:

Total cost= 36,000*2 - 15,000= $57,000

The net income will increase by $13,000 is the part is out source.

3 0
3 years ago
Consider these long-term investment data: • The price of a 10-year $100 par zero-coupon inflation-indexed bond is $84.49. • A re
AleksAgata [21]

Answer:

Annual rate 0.017

Explanation:

Computation of the annual rate on the real bond.

Using this formula

Annual rate = Par Zero coupon inflation index/(1+r) ^Numbers of years =Inflation-indexed bond

Let plug in the formula

Annual rate=100 / (1 + r) ^10 = 84.49

Annual rate= (100 / 84.49)^1 /10 − 1

Annual rate=(1.18357)^0.1-1

Annual rate=1.016-1

Annual rate=0.017

Therefore the annual rate of return will be 0.017

3 0
3 years ago
Read 2 more answers
If the money supply exceeds money demand, people will ____ bonds which will cause bond prices to ____ and the nominal interest r
Stella [2.4K]

Answer:

A. buy; rise; fall

Explanation:

As for the provided information, we know,

As the supply of money exceeds the demand people will have more investing power, accordingly people will <u><em>buy</em></u> more bonds,

as more and more people will try to buy the bonds the price for bond because of high demand will automatically due to demand and supply proportion will <em><u>rise,</u></em>

and then to control the demand of bond, and control the purchase of bond, the nominal interest rate provided on bonds will <em><u>fall.</u></em>

5 0
3 years ago
The equilibrium price is: unstable because at this price the quantity demanded is less than the quantity supplied. stable becaus
Makovka662 [10]

Answer:

stable because at this price the quantity demanded equals the quantity supplied.

Explanation:

Price can be defined as the amount of money that is required to be paid by a buyer (customer) to a seller (producer) in order to acquire goods and services. Thus, it refers to the amount of money a customer or consumer buying goods and services are willing to pay for the goods and services being offered. The price of goods and services are primarily being set by the seller or service provider.

In Economics, there are primarily two (2) factors which affect the availability and the price at which goods and services are sold or provided, these are demand and supply.

The law of demand states that, the higher the demand for goods and services, the higher the price it would be sold all things being equal. On the other hand, law of supply states that the higher the price of goods and services, the lower the supply.

Generally, the equilibrium price is generally said to be stable because at this price, the quantity of goods or services demanded is equal to the quantity of goods or services supplied to the consumers.

6 0
3 years ago
A company estimates that overhead costs for the next year will be $8,320,000 for indirect labor and $155,500 for factory utiliti
Serhud [2]

Answer:

The company's plantwide overhead rate is 21.19%

Explanation:

given information:

indirect labor = $8,320,000

factory utilities = $155,500

machine hours = 400,000

to calculate the overhead rate, we can use the following formula

overheadrate = \frac{Indirectcost}{allocationmeasure}

in this case.

the indirect cost = indirect labor + factory utilities

                           = $8,320,000  + $155,500

                           = $8,475,500

allocation measure = 400,000

thus,

overheadrate = \frac{8,475,500}{400,000}

                     = 21.19%

7 0
4 years ago
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