Situational
Leadership as a theory was developed by Dr. Paul Hersey in the late 1960s which
aims to give further understanding between the leaders and its members. The
fore cores of the theory are to ‘Diagnose’ (knowing the situation), ‘Adapt’
(Change the behaviors of the members in the level of the situation), ‘Communicate’
(letting the members understand the situation) and ‘Advance’ (further the
developments). This is of course very helpful as its gives the leaders
(managers) the opportunity to adjust themselves according to the situation.
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Martin, a US. citizen travels to Mexico and buys a newly manufactured motorcycle made there. his purchase is included in both Mexican GDP and U.S. GDP.
This is further explained below.
<h3>What is
GDP?</h3>
Generally, The gross domestic product (GDP) of a nation is a monetary measurement that is based on the market value of all of the final products and services that are produced in that nation during a certain time period.
Before being regarded as a trustworthy indication, this measure often undergoes revision because of the complexity and subjectivity inherent in its design.
In conclusion, Martin, a resident of the United States, makes a trip to Mexico in order to purchase a motorbike that was only just produced in that country. His purchase is accounted for in both the GDP of Mexico and the GDP of the United States.
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Answer:
Interest rate on the a three year bond =5.5%
Explanation:
one-year bond rate expected = 4%, 5%, 6% for the next three years
liquidity premium on a three year bond = 0.5%
number of years = 3
The interest rate on the a three year bond can be calculated as
= liquidity premium + ( summation of bond rates for the next three years/number of years )
= 0.5 + ( (4+5+6)/3)
= 0.5 + ( 15/3)
= 0.5 + 5 = 5.5%
By definition, empirical probability is equal to C. Number of successful trials/Total number of trials.
<h3>What is an empirical probability?</h3>
It should be noted that empirical probability simply means a experimental probability that is based on historical data.
In this case, by definition, empirical probability is equal to the number of successful trials divided by the total number of trials.
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Answer:
$80,704
Explanation:
Data provided in the question:
Budgeted Price = $20,176 per pool
Budgeted quantity = 12 pools
Actual quantity = 16 pools
Actual price = $20,992 per pool
Now,
Sales Volume Variance
= ( Actual Quantity - Budgeted Quantity) × Budgeted price
Thus,
Sales Volume Variance for April = ( 16 - 12 ) × $20,176
or
Sales Volume Variance for April = $80,704