Answer:
E. Detailed procedures and rules, a clearly outlined organizational hierarchy, and impersonal relationships among organization members.
Explanation:
The three primary components that Weber's bureaucracy includes that are far removed from how Elm City Market is run are detailed procedures and rules, a clearly outlined organizational hierarchy, and impersonal relationships among organization members.
According to Max Weber, the bureaucratic organizational form is characterized by six features:
1) Specialization and Division of Labor;
2) <u>Hierarchical</u> Authority Structures;
3) <u>Rules</u> and Regulations;
4) Technical Competence Guidelines;
5) <u>Impersonality</u> and Personal Indifference;
6) A Standard of Formal, Written ...
Answer:
A. The dealer cannot legally require the parents to make the payment.
Explanation:
According to the law the dealer cannot legally require the parents to make the payment because the merchandise is not legal, therefore there is no legal contract.
Answer:
The correct answer is option B.
The correct answer is option D.
Explanation:
If the number of firms in an industry decreases, the overall market supply will decrease. This decrease in supply will cause the market supply curve to shift to the left. So the statement given in the question is false.
The cost of production is inversely related to supply. An increase in the cost of production causes supply to decline, shifting the curve to the left and vice versa.
Technology and productivity are directly related, an improvement in technology will cause the supply to increase shifting the curve to the right.
Taxes cause the supply to decrease as it is seen as a cost and it reduces the price received by the firms. This causes the supply curve to shift to the left.
Subsidies reduce the cost of production so the supply curve shifts to the left.
Answer:
It explicitly incorporates uncertainty in one or more input variables.
Explanation:
In simulation analysis we perform 1000's of calculations assigning risk of uncertainty to multiple input variables, as with increased data set the variable tend to increase.
This technique is generally used, for project management and further, decision making in many streams.
Under this probability of different results in the form of outcomes are evaluated.
Therefore, the correct statement is b.
Answer:
a. Project A requires an up-front expenditure of $1,000,000 and generates a net present value of $3,200.
Explanation:
a.
The company should accept project A because it provides a positive net present value of $3,200 that is the highest among all the projects.
b.
When the IRR of a project is lower than the required rate of return of the project, it will generate the negative net present value because at IRR the net present value of the project will be zero and at a higher rate than IRR it will be negative.
c.
The project with a profitability index of less than 1 generates a negative NPV because the present value of future cash flows is less than the initial cash outflow.
d.
Project D also generates a positive net present value but it is lower than project A. So, after comparing the results we will choose the project with higher NPV.
