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Inga [223]
3 years ago
8

In the context of Frederick W. Taylor's four principles of scientific management, what is a difference between the first princip

le and the third principle?
Business
1 answer:
Arada [10]3 years ago
6 0

Answer:

Explanation:

Fist we should understand 1st and 4th principles.

First principle - "Science, Not Rule of Thumb". It says that we should develop a science for elements of work and do not get stuck in a set routine with the old techniques of doing work. We should be constantly experimenting to develop new techniques which make the work much simpler, easier and quicker. Basically, looking at doing work from the perspective of science and experimenting.

Third principle - "Cooperation, Not Individualism". It says  that when people work together there should be cooperation. Managers and employees should work together and jointly achieve results. This increases involvement and responsibility

The first principle is to develop a science for each element of work, whereas the third principle instructs managers to cooperate with employees to ensure that scientific principles are actually implemented is a difference between the first principle and the third principle.

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You are scheduled to receive annual payments of $3,600 for each of the next 12 years. The discount rate is 8 percent. What is th
KonstantinChe [14]

Answer:

A. $2,170.39

Explanation:

First, we understand that what we are dealing with is Ordinary annuity which represents payments received at the end of each year

As such, The Present value of Ordinary annuity is calculated using the following formula

= Annuity amount x (1-(1+r)∧-n ) /r

Plugging this formula into the schedule given in the question ew have teh following

First, the present value of the payments received at the end of each year

= $3,600 x (1- (1.08∧-12) / 0.10

= $27,129.88

Secondly, the present valueof the payments received at the beginning of each year

= = $3,600 x (1- (1.08∧-11) / 0.10

= $25,700.27 + $3,600 (the amont recieved today)

Total PV = $29,300.27

Finally, find the difference between the PV of cash flow received at the beginning and PV of Cash flow received at the end=

= $29,300.27-  $27,129.88

= $2,170.39

7 0
3 years ago
When a firm invests directly in a business or venture in another country, it is called ______.
pshichka [43]

When a firm invests directly in a business or venture in another country, it is called FDI.

A form of private equity financing known as venture capital (VC) is given by venture capital funds or organizations to startups, early-stage, and developing businesses that have been identified as having a high growth potential or that have already shown a high growth rate (in terms of number of employees, annual revenue, scale of operations, etc). These early-stage businesses are funded by venture capital firms or funds in exchange for equity, or ownership stakes.

In the hopes that some of the businesses they support will succeed, venture capitalists take on the risk of financing hazardous start-ups. Startups face a lot of uncertainty, and VC investments frequently fail.

Learn more about venture here:

brainly.com/question/28462236

#SPJ4

4 0
1 year ago
Spectacular Corporation began the year with accounts​receivable, inventory, and prepaid expenses totaling $67,000. At the end of
bixtya [17]

Answer:

Explanation:

The preparation of the Cash Flows from Operating Activities—Indirect Method is shown below:

Cash flow from Operating activities - Indirect method

Net income $82,000

Adjustment made:

Add : Depreciation expense $10,000

Less  : Gain on the sale of land ($3,000)

Less: Increase in current assets -$11,000 ($78,000 - $67,000)

Less: Decrease in current liabilities -$1,000 ($43,000 - $44,000)

Total of Adjustments -$5,000

Net Cash flow from Operating activities $77,000

6 0
3 years ago
Brainstorm Company purchased office furniture and equipment for $20,000 and agreed to pay for the purchase by making six annual
Studentka2010 [4]

Answer:

The required annual installment payment is $4067.25.

Explanation:

annual installment = (20000×6%)/(1 - (1 + 6%)^6)

                               = $4067.25

Therefore, the required annual installment payment is $4067.25.

4 0
3 years ago
Will Mark as Brainliest!!! +40 extra points Spending money on medical expenses is part of this expenditures approach for calcula
mr_godi [17]

Answer A

Explanation:

8 0
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