The model that requires a manager to assess her own style and her situational control is<u> "Fiedler's contingency model".</u>
The Fiedler Contingency Model was made in the mid-1960s by Fred Fiedler, a researcher who contemplated the identity and qualities of pioneers.
The model expresses that there is nobody best style of initiative. Rather, a pioneer's adequacy depends on the circumstance. This is the aftereffect of two components – "leadership style" and "situational idealness" (later called "situational control").
Answer:
E) agglomeration economies
Explanation:
Agglomeration economies refers to a lot of companies being located close to one another. Generally most of these companies work on the same industry, e.g. Detroit for car manufacturers.
The main advantage of agglomeration economies is that synergy may be created between different firms which allows them to be more efficient and productive, and at the same time they will lower their costs.
Answer:
Management skills is the answer
Where marginal cost equals marginal effort.
Marginal cost is the additional cost for producing each additional unit, and marginal effort is the additional work per unit
Answer:
Explanation:
X001 Sales volum = 3000*$20 = $60,000
X002 Sales volum = 3000*$10 = $30,000
Total $90,000
Allocated to X002 based on sales volum is 33.33% (30,000/90,000) of the 60,000, which is $20,000
Cost per unit of X002 is $6.67 ($20,000/3,000). Sells 1000 units, $6.67*1000 = $6670.
Gross profit = Revenue $10,000 - Cost $6670 = $3330 in gross profit
