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3 years ago

In what ways do goals and objectives help managers control the organization?

1 answer:

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Setting goals and objectives provides the guidance and direction, Motivates and inspires the employees, Facilitates planning and also helps organizations evaluate and controls the performance.

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Long-Life Insurance has developed a linear model that it uses to determine the amount of term life insurance a family of four sh

jolli1 [7]

Answer:

$y=160.9$

Explanation:

<u>Linear Modeling</u>

Models are an important part of the study of a variety of natural phenomena in a great number of fields like science, health, business, human behavior, economics, among many others.

Once a model is determined, it can be used to estimate future values of important variables which in turn can help people to make decisions.

It has been determined a model that relates the amount of term life insurance a family of four should have with the current age of the head of the household. That model is

$y=165-0.1x$

we are required to estimate the amount of term life insurance to recommend to a family of four when the head of the household is x=41 years old. Let's plug in the given value in the equation

$y=165-0.1\cdot 41=165-4.1=160.9$

$\boxed{y=160.9}$

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3 years ago

A manufacturing firm is considering two locations for a plant to produce a new product. The two locations have fixed and variabl

o-na [289]

Answer:

Cost Advantage of different locations:

b. $20,000

Phoenix certainly had a cost advantage over Atlanta and based on this factor, it should be chosen for the new plant instead of any other city.

Explanation:

a) Total Costs of different locations:

Atlanta Phoenix

Fixed Cost $80,000 $140,000

Variable cost 400,000 320,000

Total Costs $480,000 $460,000

b) Variable costs

Atlanta Phoenix

Annual Demand 20,000 20,000

Variable cost/unit $20 $16

Total variable cost $400,000 $320,000

c) Cost Advantage is the competitive edge which location (or company) can have over another through reduced production or marketing costs or both so that it can offer cheaper prices or use excess profits to bolster promotion or distribution. In this case, the comparison is on the total cost, which is made of variable and fixed costs.

4 0

3 years ago

An investor holding a short position in a maturing futures contract may:

Talja [164]

Answer:

<em>Take delivery of the underlying asset from the holder of the long position. </em>

5 0

2 years ago

Albert is looking for his first-ever summer job. Eleanor was laid off from the gold mine where she worked because of the decreas

Pani-rosa [81]

True , Cyclical unemployment can be negative.

Explanation:

Cyclical unemployment may be negative as well — when the economy hits its productivity and will be in the economic growth cycle process (works outside its PPC), then cyclical unemployment will be negative. The current unemployment rate is below the standard rate of unemployment.

The given statements are different in each scenario.

There are three elements of employment:

• Structural unemployment, which happens when Jobless people are also not qualified to work

• Frictional unemployment, due to the time needed to find one another by job-seekers and accessible employers

• Cyclical unemployment, because of the status of the business cycle unemployment

8 0

3 years ago

Which phrase best completes the list?

Jobisdone [24]

Answer:a

Explanation:

8 0

3 years ago