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Natali5045456 [20]
3 years ago
8

During a downturn in the hotel​ industry, chip​ conley, founder of joie de vivre​ hospitality, dealt with the situation by not t

aking pay himself and reducing​ managers' salaries, but not reducing​ line-level employees' pay. With regard to dealing with this​ issue, these decisions can be seen as​ a(n) ______.
Business
1 answer:
harkovskaia [24]3 years ago
7 0

I believe the answer is: Strategy

Strategy reefers to planned decision that is used to achieve a certain goal. In the example above, the goal of the hotel is to survive the downturn.

Conley realized that front-employees are the most curical resources in such situation since they are basically the main people that directly handled the customers. So, he choose a strategy to improve their general welfare and sacrificing his own needs.

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Wyzard Corporation is a shipping container refurbishment company that measures its output by the number of containers refurbishe
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Answer:

Revenue variance    $1800<u>  </u>Favorable

Explanation:

<em>Revenue variance is the difference between the actual revenue and the standard revenue from the actual units sold. It is can be determined as follows:</em>

Revenue variance                                                            

                                                                                                $

Revenue from 32 units  (32× 3,800)                                121,600

Actual revenue                                                                   <u>123,400</u>

Revenue variance                                                            <u>   1800  </u>Favorable

Revenue variance    $1800<u>  </u>Favorable

8 0
3 years ago
You purchased shares of a mutual fund at a price of $20 per share at the beginning of the year and paid a front-end load of 6.0%
Feliz [49]

Answer:

1.99%

Explanation:

Calculation for your return if you sold the fund at the end of the year

Return={[$20 * (100%-6%) * (1.10 - .015)] -$20}/$20

Return={[$20 * .94 * (1.10 - .015)] -$20}/$20

Return = 1.99%

Therefore your return if you sold the fund at the end of the year would be 1.99%

3 0
3 years ago
A budget is best described as: ?a. a formal statement of a company's future plans usually expressed in monetary terms.?b. a mast
Sav [38]
It is a because if you think about it, you would budget for your future.


5 0
3 years ago
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What is a bond? in your own words. economics.​
tester [92]

Answer:

A bond is a fixed income instrument that represents a loan made by an investor to a borrower bond could be thought of as an I.O.U. between the lender and borrower that includes the details of the loan and its payments.

Explanation:

5 0
3 years ago
PLEASE HELP ASAP!!!! CORRECT ANSWERS ONLY PLEASE!!!!
sweet-ann [11.9K]
<span>Credit that is automatically renewed as debts are paid off.</span>
7 0
3 years ago
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