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4 years ago

"The nature and purpose of the public sector result in a unique organizational characteristics". Discuss

Business

1 answer:

alex41 [277]4 years ago

3 0

The correct answer to this open question is the following.

Although the question is incomplete because it does not provide the location, country, or any other further reference, we can say the following.

The nature and purpose of the public sector result in unique organizational characteristics, basically in the formation of bureaucracies that are a form of governmental and administrative organizations with many employees and hierarchies that more that improve management and operations, complicate it and make it slow due to the fact that the number of people working is numerous.

Experts say that this is not the more efficient and effective form of managing governmental offices. On the contrary, it is slow and inefficient.

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Indiana Co. bega n a construction project in 2018 with a contract price of $150 million to receive when the project completed in

Liula [17]

Answer: C) Recognized $9 million gross profit on the project in 2018.

Explanation:

Duration of construction project from 2018 to 2020 = 3 years

Cost incurred by Indiana co. in 2018 = $36 million

Estimated additional cost for the remainder of the project = $84 million

Total cost to be incurred over the duration of the project = $36 million + $84 million = $120 million

To calculate the percentage of the project completed, we use the cost figures;

Cost incurred so far (in 2018) ÷ Total cost to be incurred × 100

36,000,000/ 120,000,000 × 100 = 30%

Total revenue from contract (which is the contract price) = $150 million

Indiana Co. recognizes revenue according to the percentage of the project completed. Therefore, revenue recognized after 30% of the project is completed (which is the revenue for 2018) = 30% of $150,000,000

Revenue for 2018 = 30/100 × 150,000,000 = $45,000,000

Profit recognized on the project in 2018 = Revenue for 2018 - Cost incurred in 2018

Profit = $45,000,000 - $36,000,000

Gross profit recognized in 2018 = $9,000,000

5 0

3 years ago

In statistical discrimination,

MakcuM [25]

Answer:D. Workers are given preferential treatment if they help fulfill a quota for particular type of characteristics.

Explanation:

Statiscal discrimenation is a preferential treatment of workers based on racial or gender inequality.

e.g restrictions of employment to singles because they have less responsibilities compared to the married.

5 0

4 years ago

Suppose that over the last twenty-five years a country's nominal GDP grew to three times its former size. In the meantime, popul

frez [133]

Answer:

B. It increased, but it less than doubled

Explanation:

Real GDP per person is defined as the total economic output divided by the total number of people. It is used in roughly indicating the standard of living.

An increased in the nominal GDP 3 times its formal will lead to a proportionate increase in the GDP per person statistics. But I was a noted that there was a 100% increase in population, meaning that population doubled. This indicates that the GDP per person increased but it less than double because of the population doubling in that period of time.

7 0

4 years ago

Read 2 more answers

Suppose you face a choice between a certain income of $2,000, or a 50-50 chance of income of $1,000 or $3,000. Suppose you prefe

Aleonysh [2.5K]

Solution :

The risk averse is the person who wishes to reduce the uncertainty attached to the money.

Certain income = $2000.

50-50 chance of 1000 and 3000 would income expected income of

(0.5 x 1000) +(0.5 x 3000) = 2000

Both of them gives an equal amount of income while there is uncertainty attached with the second case which makes the risk averse person disincline to follow.

Hence the statement is FALSE.

Assume that the population level in a country is X. 5 percent of the population are likely to get affected by the disease due to which it makes a population of 0.05 X population to be effected by the disease. The population level will cost $38,000, hence making the total healthcare cost to be 1900 X.

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3 years ago

What account form needs to balance before you can move forward with the Accounting Cycle?

zhannawk [14.2K]

Answer:

Clyde's Well Servicing has the following financial statements. The balance sheet items, profit margin, and dividend payout have maintained the same ...

Explanation:

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2 years ago