Answer: Option E
Explanation: A perfectly competitive company is known as a price-taker, because the competition of competing firms causes them to embrace the prevailing market price of equilibrium.
If a company raises the price of its product by as much as a penny in a perfectly competitive structure,then it will lose all of its sales to other firms. In such structures the prices are determined by the marker forces of demand and supply.
Hence from the above we can conclude that the correct option is E.
Answer:
2. reduced record-keeping
Explanation:
The decentralization is the chain of the processes in which the proper process of all department is followed
Just like from top-level to middle level and then lower level
And, the inverse is lower level to middle level to top level.
The authority and responsibility are delegated to each level of management so that the day to day operations could be performed in a smooth, effective and efficient manner
For the complex companies who adopt decentralization, they have all the benefits like delegation, problem identification but do not reduce record keeping as it is not an easy task for every company
Hence, option 2 is correct
It can be deduced that the expected rates of return of stocks A and B are 13.2% and 7.7% respectively.
<h3>
How to calculate the expected
rates of return</h3>
E(RA) = 0.1 (10%) + 0.2 (13%) + 0.2 (12%) + 0.3 (14%) + 0.2 (15%)= 13.2%
E(RB) = 0.1 (8%) + 0.2 (7%) + 0.2 (6%) + 0.3 (9%) + 0.2 (8%)= 7.7%
Therefore, the expected rates of return of stocks A and B are 13.2% and 7.7% respectively.
The standard deviation will be calculated thus:
Var(RA) = [0.1 (10%-13.2%)² + 0.2 (13%-13.2%)² + 0.2 (12%-13.2%)² + 0.3 (14%-13.2%)² + 0.2 (15%-13.2%)2 ] 1/2
= 1.5%
Var(RB) = [0.1 (8%-7.7%)² + 0.2 (7%-7.7%)² + 0.2 (6%-7.7%)² + 0.3(9%-7.7%)² + 0.2 (8%-7.7%)² ] 1/2
= 1.1%
Therefore, the standard deviation of stocks A and B are 1.5% and 1.1% respectively.
Learn more about rate of return on:
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Answer: norms
Explanation: In simple words, norms refers to the standard behavior that is expected from a group or an individual in a certain social or work environment.
Norms includes rules and procedures, which are usual and typical in nature, that guides the actions of an individual while performing the activities he or she is obligated to.
In the given case,the lawyers are also guiding the new employees how to act in certain situation hence they are teaching them norms of the organisation.
Answer: B; Ratings of employee traits are not effective measures of performance.
Explanation:
The performance of an employee in their work environment should be measured on how they perform their job duties. A persons traits can be more or less linked to some performance but it will be dependent on the leader's situation. Everyone has different traits in any job and each should be measured differently not together.
Some types of performance based appraisal systems will attempt to force management rate the employees on their actions and not their traits. By doing this, it will improve the companies performance ratings.
