First one7,6,65,and last 3
A positive risk response produces provides positive strategies to achieve a positive goal while a negative risk response provides negative strategies to achieve a negative goal. There are four ways four strategies that produces a response risk; enhance, exploit, accept and share. The type of response risk will vary in the accept part.
An example of a positive risk is when you are given a project in class and you are to finish it in four months. Being a hardworking person that you are, you wanted to finish it in one month and so you find methods to compress your time schedule and achieve your goal.
Let us take the example from the above mentioned before for an example of a negative risk. So instead of four months, since you do not like working or the fact that maybe you don't like the project, you passed your project in six months. What you just did is lounge around the corner and did nothing to just improve the project.
Capacity ratio is a comparison of the number of working days in the budgeted period as well as the actual number of working days in the same period.
<h3>What is the c
apacity ratio?</h3>
Your information is incomplete. Therefore, an overview of the capacity ratio will be given.
Capacity ratio defines to show the capacity. The capacity utilization ratio simply measures whether the total direct labor hours worked in a production cost center in a period was either greater or less than what was budgeted.
It is calculated as:
= (Actual direct labor hours worked/budgeted direct labor hours) × 100%.
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Answer:
Explanation:
This question puts together two different perspectives based on different goals and metrics: economics and ethics. In economics, self interest is the driving force and productivity is one of the metrics used by managers and shareholders in measuring their profit making. In ethics, doing good for people and creating social value is the goal. The results cannot be measured anymore in units of productivity.
Peter Drucker in his famous book "Management: tasks, responsibilities, practices" says : "To know what a business is we have to start with its purpose. Its purpose must lie outside of the business itself. In fact, it must lie in society since business enterprise is an organ of society. There is only one valid definition of business purpose: to create a customer." That means to create value for society and not to maximize the profit.
I shall add a recent message sent by Richard Branson - the creator of Virgin Group - in his book "Screw business as usual" : Doing good can help improve your prospects, your profits and your business; and it can change the world." But with a condition: in that firm to exist an organizational culture based on positive values and not on profit maximization. In conclusion, ethics may impact positively on performance if and only if there is a managerial philosophy based on ethics and not on profit maximization, and on value creation. In this well-defined context profit and profitability are consequences and not driving forces of the whole business.
