Answer:
Have defined value creation too narrowly in terms of financial performance thereby contributing to black swan events ( B )
Explanation:
Black swan events are events that come as a surprise to a company or individual with great / devastating effects and these events are usually due to inappropriate foresight to the problem.
A company that generates huge profits is not supposed to reduce the maintenance budget because ill maintained equipment will not result to efficient production and huge profits. the leaking of their pipelines and the significant environmental problem is an example of the Black swan event due to the trimming of maintenance budget by the Management.
Answer:
The two factors that affect the organization of businesses functional activities are ;
Strategy
Technology
Environment
Explanation:
Strategy determines the approach or the course of action to direct the activities of the organization of businesses. Strategy is the innovation room where new approach to solving a problem is discovered and implemented.
Technology; the technology for manufacturing goods and services affect the organization of business functional activities.
Answer:
No of units manufactured = No. of units sold + Closing units - Opening units
= 24000 + 21600 - 18000= 27600
Total selling expenses for february:
1. Sales commission = $ 700000 * 5% = $ 35000
Sales manager salary = $ 96000
Advertisement = $ 90000
Shipping charges = $ 14000
Misc selling expenses = $ 2500 + $ 3500 = $ 6000
Total selling expenses = $ 6000 +$ 14000 $ 90000 + $ 96000 + $ 35000 = $ 241000
Explanation:
They have proven that their food is safe to eat. People have eaten there and even recommended it, so you know someone trusts it.
Answer:C. full efficiency in this market could be achieved even without reallocating workers between the two markets.
Explanation:
The marginal product of labour is the additional value that will be gained from production from employment of additional labour. The Entrepreneur will be willing to employ additional labour if the wages is lower than the marginal productivity and efficiency will only be achieved at that point.
Moving the labour from to market will not achieved efficiency in either market, for the wage rate is higher than the marginal product of labour in both market.
Increasing wage rate will reduce the efficiency and there is need to increase efficiency by making the marginal product of labour to be higher than labour rate.
