What is the reliationship between efficiency and effectiveness and how they impat the performance of organization
- Efficiency is defined as the ability to accomplish something with the least amount of wasted time, money, and effort or competency in performance. Effectiveness is defined as the degree to which something is successful in producing a desired result; success.
- Findings – Effectiveness and efficiency are exclusive performance measures, which entities can use to assess their performance. Efficiency is oriented towards successful input transformation into outputs, where effectiveness measures how outputs interact with the economic and social environment.
Answer:
1. Financial security
2. Predictable outcome.
3. In demand.
4. Little or no volatility
5. Ease of purchase and sale.
6. Undervalued.
Explanation:
1. Financial security:
A good investment should be financially secure or safe from market crashes, change in government policy, etc. It should be an investment fail-safe that you can rely on to keep your investment funds secure.
2. Predictable outcome: Another characteristic of a good investment plan when devising a savings plan is predictability to a large extent. Before investing, there should be adequate enquiries and analysis of past trends and future prospects to enable an investor make better judgement.
3. In demand: Whatever investment that a person ventures into should be in popular demand by others so proper market predictions as to rise or fall of the commodity can be more accurately done.
4. Little or no volatility: À good investment shouldn't be volatile and unpredictable as this could cause major loss that can't be easily predicted.
5. Ease of purchase and sale: À good investment plan for savings must be easy to purchase or sell. This is necessary to avoid a situation where the investor plans to sell but doesn't find a buyer or wants to buy and doesn't find a seller.
6. Undervalued: À good investment plan for savings is advisable to be entered or bought when the good or service is undervalued, I.e, sold below its potential value so as to maximise profit at later dates.
Answer:
Option (A) is correct.
Explanation:
Given that,
Initial price = $10
Initial quantity demanded = 100 units
New price = $8
New quantity demanded = 130 units
By midpoint method,
Average price = (Initial price + New price) ÷ 2
= ($10 + $8) ÷ 2
= $9
Average quantity demanded:
= (Initial quantity demanded + New quantity demanded) ÷ 2
= ($100 + $30) ÷ 2
= 115 units
Therefore,
Price elasticity of demand:
= (Change in quantity demanded ÷ Average quantity demanded) ÷ (Change in price ÷ Average price)
= (30 ÷ 115) ÷ (2 ÷ 9)
= 0.26 ÷ 0.22
= 1.17 or 1.18
Therefore, the price elasticity of demand between $10 and $8, by the midpoint method, is approximately 1.17.
Answer:
Try to focus on lean and low-fat sources. Some good examples are turkey, chicken, 93 percent lean red meats, egg whites, tuna, top sirloin steak, tilapia, salmon, mackerel and shrimp. Carbohydrates give you energy, so you'll need to eat foods rich in them to fuel all your workouts.
Explanation:
Answer:
The answer is:
1. Intrinsic reward
2. Intrinsic reward
3. Extrinsic reward
Explanation:
What is an intrinsic reward.: Intrinsic rewards are rewards that comes from within the employee. For example, personal achievement, professional growth, sense of pleasure and accomplishment.
What is an Extrinsic reward: Extrinsic motivation is gotten externally. External rewards are typically offered by an employer or manager.
1. )This is an intrinsic reward because no one with more that two years seniority will ne separated from the company except for poor performance. This poor performance clause will act as a motivation to make them perform better.
2. The regular feedback from Jonah's supervisor is an intrinsic reward because Johan will be able to evaluate his strength and weakness and know where to improve himself.
3. Health benefit is an extrinsic reward. This health benefit is offered by Dion's employer. So it is an external reward.
