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muminat
3 years ago
7

Siddiqi has been a team leader in a company for five years. he was promoted to a managerial role after taking his leadership qua

lities and his ability to inspire his teammates into consideration. according to mcclelland's learned needs theory, siddiqi was motivated by _____. the need for affiliation the need for safety the need for power the need for self-actualization
Business
1 answer:
ElenaW [278]3 years ago
3 0

Based on McClelland’s Learned Needs Theory, Siddiqi is likely to be motivated by the need of power. Need of power when high has a desire of controlling everything and exaggerates their own resources and position, whereas in low level, it is likely to minimize one’s position and resources.

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Barbara is trying to sell her Apple computer; however, none of the potential buyers is willing to pay the price Barbara desires.
jeka57 [31]

Answer:

Adverse selection

Explanation:

Adverse selection occurs when buyers of a product have more information about their product than the potential buyers.

The party that has less information has a weaker position than the person with more information. This is because the buyer cannot make a good purchase decision based on all information pertaining to a product. So they will most likely end up paying a price that differs from the value of the product.

In the given scenario Barbara has more information about her Apple computer while the buyers have less information.

That is why they are not buying.

This is an example of adverse selection.

5 0
3 years ago
Read 2 more answers
Nigel currently has a balance of $668.47 in an account he has held for 15 years. he opened the account with an initial deposit o
VashaNatasha [74]
<span>You are given Nigel's current balance of $668.47 in an account he has held for 15 years. Also you are given an initial deposit of $497. You are asked to find the simple interest rate on the account. You will use the simple interest formula, F = P(1 + rn) were F is the current balance, P is the principal amount deposited, r is the rate and n is the number of years.

</span>F = P(1 + rn)
668.47 = 497(1 + r(15))
r = 0.023 or 2.3%
8 0
4 years ago
Heating degree-day and cooling degree-day futures contracts make payments based on whether the temperature is abnormally hot or
DochEvi [55]

Answer:

a. Soft-drink manufacturers.

  • Soft drink manufacturers generally sell more during warm days, so they will be interested in reducing risks (hedging) against cold days.

b. Ski-resort operators.

  • Ski-resort operators sell more during cold days (winter), but their sales are negatively affected by both abnormal warm weather or extremely harsh cold weather, so they will be interested in reducing risks (hedging) against abnormal winter weather.

c. Electric utilities.

  • Electric utility companies benefit from both HDDs and CDDs, so the more frequent they are the better for them. They probably dislike mild weathers, but love extremes.

d. Amusement park operators.

  • Similarly to soft drink manufacturers, amusement park operators sell more during warm days, so they will be interested in reducing risks (hedging) against cold days.

Explanation:

Companies rely heavily on certain weather conditions and need to reduce risk will hedge weather risk.

Heating Degree Day (HDD) basically measures the demand for energy needed to heat some place, e.g. any type of building. If the temperature is below 65°, then people start to request that a place is heated (heating system turned on).

Cooling Degree Day (HDD) is basically the opposite, measures the demand for energy needed to cool some place. If the temperature is above 65°, then people start to request that a place is cooled (air conditioner turned on).

6 0
4 years ago
The drugstore chain CVS uses loyalty-card data to better understand what consumers purchase, the frequency of store visits, and
EastWind [94]

Answer:

The correct answer is letter "D": Companies can collect fuller and richer information about markets, customers, prospects, and competitors.

Explanation:

In the pursuit of obtaining more revenue, firms implement diverse approaches to study consumer behavior. <em>Preferences, frequency, </em>and <em>size</em> of purchases are core factors that companies take into consideration at the moment of planning their operations. To achieve their goal they collect data from internal sources and sometimes consider information that competitors might disclose on current and potential customers.

4 0
3 years ago
Bronfenbrenner Co. uses a standard cost system for its single product in which variable overhead is applied on the basis of dire
OverLord2011 [107]

Answer:

a. Material price variance = (Standard price - Actual price)*Actual quantity purchased

Material price variance = (16-17)*21000

Material price variance = $21,000 Unfavorable

b. Material quantity variance = (Standard quantity - Actual quantity used)*Standard rate

Material quantity variance = (22400*1.50-33400)*16

Material quantity variance = $3,200 Favorable

c. Direct Labor rate variance = (Standard rate per hour - Actual rate per hour)*Actual hours worked

Labor rate variance = ($8-$8)*16750

Labor rate variance = $0

d. Direct Labor efficiency variance = (Standard hours allowed - Actual hours worked)*Standard rate per hour

Labor time variance = (22400*0.75-16750)*8

Labor time variance = $400 Favorable

e, Variable overhead spending variance = (Standard rate - Actual rate)*Actual hours

Variable overhead spending variance = (3-48,575/16750)*16750

Variable overhead spending variance = $1,675 Favorable

f. Variable overhead efficiency variance = (Standard hours - Actual hours)*Standard rate  

Variable overhead efficiency variance = (22400*0.75-16750)*3

Variable overhead efficiency variance = $150 Favorable

g. Variance analysis helps the management in taking corrective action. It helps the management in understanding which department is doing well and which is not doing well. It helps the in understanding production bottle necks when certain variances appear like material efficiency or labor efficiency.

3 0
3 years ago
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