Changing prices to attract customers is most difficult in a

A company enforces its ethical codes and policies by rewarding ethical behavior and punishing misconduct. Each month, the most e

Olenka [21]

Answer:

The rewards and punishment serve the purpose of motivating the employees.

Explanation: First of all, we must establish that companies should have set guidelines or principles on which they operate, especially when it comes to ethics and acceptable workplace behavior.

Secondly, we must acknowledge the fact that there is always a reward or consequence for our actions. Especially in the workplace where employees are constantly monitored.

Now, based on the Theory X of management that was developed by Douglas McGregor, which basically states that employees are unmotivated and unwilling to work, and as a result of this, they need to be constantly prompted, rewarded or punished to make sure that they complete their tasks.

So to answer the question, the rewards and punishments serve the purpose of motivating the employees to be of good conduct in the workplace, because if this is not done, bad behavior might spread throughout the company and this will cause further problems.

3 0

3 years ago

Determine the type of credit that involves a set limit based on what a consumer pays up front.

Lilit [14]

Installment credit is a type of credit that has a fixed number of payments, in contrast to revolving credit.

Examples of which are:

Land loan
Home construction loan
Home mortgage
Some equity loans
Home improvement loan
Automobile loan
Boat loans or RV loans specialty finance
Student loan
Personal loan
Vacation loan

I hope my answer has come to your help. Thank you for posting your question here in Brainly.

4 0

2 years ago

ERIC: Hi, Hubert. This is my first economics course, and many of the concepts discussed in class are really confusing. Today the

Ymorist [56]

Answer:

ERIC: Hi, Hubert. This is my first economics course, and many of the concepts discussed in class are really confusing. Today the professor explained that the true cost of going to college includes both the tuition I pay as well as something called the "opportunity cost" of going to college. I don't understand. I pay $32,000 per year in tuition. The tuition is what I pay to the school, so it seems like that should be my true cost!

HUBERT: Hi, Eric. Many concepts in economics can be confusing at first. Let's talk it through.

Economists think of costs a bit differently than just the dollar amount that you pay. To an economist, the true cost of college includes the total value of what you give up in order to acquire your college education. In other words, not only did you give up the tuition money that you paid, but by attending college, you gave up opportunities to do other things with your time as well. This is where the idea of opportunity cost comes from.

The opportunity cost of your decision to go to college is the value of the next best alternative that you gave up. Suppose that your next best alternative to college is to work as a cashier. By not going to college, and taking this job, you could earn $16,000 per year. Then your opportunity cost of college is $16,000, and your total cost of a year of college is $48,000 per year.

ERIC: I think I get it now. So when I take into account the opportunity cost of college, the true cost is actually more than just the tuition.

HUBERT: Correct. Thinking about costs in this way will help you make more rational decisions in your everyday life. Now tell me, how can you explain your decision to go to college?

ERIC: I chose to go to college because, for me, the value of a year in college gives me a higher stand and offers me a better long-term opportunity that someone without a college degree.

Explanation:

The question poses a discussion about the opportunity cost of attending college. The understanding behind this is that by choosing to go to college, Eric is forfeiting the opportunity to get a job as a cashier that would earn him $16,000 a year while incurring his college fees of $32,000. Therefore, the total cost of attending college to him should be $48,000.

3 0

2 years ago

In March, Kelly Company had the following unit production costs: materials $12 and conversion costs $8. On March 1, it had zero

pochemuha

Answer:

A) the total units to be accounted for = 23,980 + 4,600 = 28,580 units

B) the total material equivalent units = 23,980 finished units + 4,600 = 28,580 units

total conversion equivalent units = 23,980 finished units + (4,600 x 30%) = 23,980 + 1,380 = 25,360

C) cost reconciliation schedule:

Cost accounted to finished goods 23,980 x (12 + 8) = $479,600

Cost of material in process

material work in process 4,600 x 12 = $55,200

conversion cost in process 1,380 x 8 = $11,040

$66,240

total cost $545,840

3 0

3 years ago

Assume that a change in government policy results in greater production of both consumer goods and investment goods. We can conc

dolphi86 [110]

Assume that a change in government policy results in greater production of both consumer goods and investment goods. We can conclude that the economy was not employing all of its resources before the policy change.

Explanation:

Policies by government will affect economic growth

Government policies have a major role to play in encouraging (or deterring) economic growth. Economic policies that lead to economic growth include:

Investing in infrastructure:

Infrastructure, such as highways or bridges, is tangible capital available to all. Governments are increasing their capital stock in the country by investing in infrastructure.

Productivity and labor participation strategies :

Promoting a higher rate of labor participation, for example labor participation tax incentives, will lead to even more economic growth.

Policies promoting accumulation of capital and technological advancement:

Savings-enhancing strategies that lead to higher growth and thus capital investments. Strategies that encourage technological innovation, such as research and development tax credits, often lead to increased economic growth.

8 0

3 years ago