The answer is scientific management. Scientific management is a theory of management that analyzes and produces a workflow. Its main aim is improving economic efficiency, especially labor productivity and is one of the earliest attempts to apply science to the engineering of processes and to management. The theory uses engineering science and mathematics to reduce waste and increase the efficiency of the methods and process of production.
Answer:
Annual lease payment = $6874.69
Explanation:
Computation of annual rental payment:
Residual value = 28000
present value (6%,4Yr) = 0.79209
Present value = 28000 x 0.79209
present value of residual value = $22178.52
Fair value of machine = $46000
Less: present value of residual value =22178.52
Amount recover from lease = Fair value of machine minus present value of residual value
Amount recover from lease = $46000 - $22178.52
Amount recover from lease = $23821.5
Annual lease payment = Amount to be recover from lease divided by present value Annuity factor (6%,4yr)
Annual lease payment = 23821.5/3.46510
Hence,
Annual lease payment = $6874.69
The correct answer is hygiene factors. Hygiene factors is
being describe as the job dissatisfaction that an individual feels for the job
that he or she is in. The individuals are adequately addressed by this, they
are likely not to be dissatisfied or will be satisfied.
1) The percentage of the labor force that belongs to a union is known as the UNIONIZED PERCENTAGE RATIO.
2) The equilibrium wage rate is determined by the point of intersection of labor market supply and labor market demand. Equilibrium wage is the wage where the company agrees to pay and the worker agrees as the value of his work.
3) The effect of union exclusion of nonunion workers is to lower the wages of nonunion workers.
4) A market with one buyer and one seller is a bilateral monopoly. Monopoly is a market with only one seller. Monopsony is a market with only one buyer.
