For a manufacturing process to be smart instituting employee surveillance and monitoring is very important.
<h3>What is Smart Manufacturing?</h3>
Smart Manufacturing also called CAD/CAM, computer aided design and computer aided manufacturing involves the integration of computer in the production of goods and services.
In recent times the concept of internet of things is being added to smart manufacturing for data collection
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Using the DMP Model the factor that determines a consumer’s decision to search for work are:
- The labor force, titled as Q.
- The payoff gotten from home production.
- The payoff gotten as a result of searching for market work.
<h3> What factor determines a firm’s decision to post a vacancy? </h3>
They are:
1. The cost that one gets from posting a vacancy, k
2. The wage rate which the suppose firm would pay, w
3. The outcome or the output that worker will make, z, etc.
Note that in DMP model, if a worker and firm are matched, the factor that determines the wage paid to the worker is the equation of :
w = a(z-b) + b,
Where a(z-b) = Share the worker will get from the total share as a result of the bargain, based on the worker's bargaining power.
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Answer:
Advertising
Explanation:
Considering the present market conditions in which this organization operates I propose to the Company Board that the organization starts advertising on various platforms considering the following reasons:
1. Increase Profit:
When we advertise, we create more sales which in turn leads to an increase in profits.
2. Market share:
The market share for this the company expands as a result of increased customers; due to advertising.
3. Builds Goodwill:
As the company becomes a very popular company because of growing advertising it will increase the trust if customers coming.
Answer:
Equality act
Explanation:
The equality act which was made in 2010 is a law that enforces that individuals in the same company should be given equal pay. It is usually used in the context of sexual discrimination thereby ensuring right to equal pay between women and men for equal work.
This act cover all payment and benefit package like basic pay, non-salary payments, bonuses and allowances.
Answer:
67,600 tons
Explanation:
Weighted average costing adds the value of beginning inventory in the period cost to calculate the average cost per unit.
According to this method the equivalent units formula is as follow
Equivalent Units = Unit completed and transferred to Finished goods + Units in Work in Process x Completion percentage
Conversion
Equivalent Units = 55,000 + 18,000 x 70% = 67,600 units
