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Tasya [4]
4 years ago
7

The "Peter Principle" is a phenomenon in which employees are advanced through an organization based on their current performance

rather than on their capability for success in managerial or higher-level positions. Organizations can avoid committing problems like the Peter Principle phenomenon through the practice of .
Business
2 answers:
ExtremeBDS [4]4 years ago
3 0

Answer:

The correct answer is: ''up or out'' strategies.

Explanation:

To begin with, the <em>''Peter Principle''</em> is the name that receives a phenomenon in the area of management that was developed by the Laurance Peter who observed that workers in a hierarchy tend to ascend until their level of incompetence, that is, that the employees ascend until they do not have succes any more and once they are in the level of incompetence they will not longer be good enough for the position.

Secondly, in order to avoid that kind of situation, the organization tend to use an ''up or out'' strategy in which the main purpose is to encourage the employee to keep pushing his limits or if he does not ascend again or proof to the company to be better then he will be fired from the organization.  

Ulleksa [173]4 years ago
3 0

Answer: Organizations can avoid committing problems like the Peter Principle phenomenon through the practice of adequate skill training, good recruitment, and suppor.

Explanation: Peter Principle proposes that competence (in the form of employee output) rather than employee abilities is rewarded with the promotion. This is because competence is noticeable thus is usually recognized and as a result, employees only stop being promoted once they can no longer perform effectively, and "managers rise to the level of their incompetence—the point where you can no longer perform well."

Organizations can avoid committing problems of the Peter Principle through the practice of adequate skill training, good recruitment, and support for employees receiving a promotion and to ensure the training is appropriate for the position to which they have been promoted.

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The answer is pie graph
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3 years ago
Pool Perfection provided pool maintenance services worth $1,600 during July; in June, the customers had paid in advance for thes
arlik [135]

Answer:

$1,600

Explanation:

It is important to note that the company uses accrual basis accounting. The Service Revenue account should be credited for $1,600

7 0
3 years ago
Explain why the consideration of opportunity costs may be very relevant to a firm. How can opportunity costs affect a business d
harina [27]

Answer:

Importance : Opportunity cost is lost Contribution

Effect : Opportunity cost increases the variable costs of the decision that has been chosen

Explanation:

Opportunity Cost is a lost contribution. Contribution is calculated as Sales less Variable Costs.

Considering opportunity costs is very relevant to a firm because it constitutes part of the money lost that cold have been earned when another alternative course of action is chosen over another. The opportunity cost <u><em>would have been</em></u> the revenue for the disregarded option.

So opportunity cost increases the variable costs of the decision that has been chosen.

8 0
3 years ago
Kristen Lu purchased a used automobile for 8,000 at the beginning of last year and incurred the following operating costs:
love history [14]

Fixed cost per mile 0.32 =(1600+1200+360+40)/10000.

Kristen Lu purchased a second user automobile for 8,000 at the start of last year and incurred the subsequent operatingcosts:8,000atthebeginningoflastyearandincurredthefollowingoperatingcosts ($8,000 ÷5 years) Insurance Garage rent Automobile tax and license Variable operating cost​$ 1.600 $ 1.200 $ 360 $ 40 $ 0.14 per mile​$The variable expense consists of gasoline, oil, tires, maintenance, and repairs. therefore the annual straight-line depreciation is$1,600.

The car is kept in a very garage for a monthly fee. Kristen drove the car 10,000 miles last year. Compute the typical cost per mile of Owning and operating cost of the the car.  What costs above are relevant during this decision? Kristen is considering buying an upscale sports car to interchange the car she bought last year.

She would drive the identical number of miles irrespective of which car she owns and would rent the identical parking zone. The sports car's variable operating costs would be roughly identical because of the variable operating costs of her old car.

learn more about operating cost: brainly.com/question/2115053

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3 0
2 years ago
When the CEO of Apple, Steve Jobs, passed away on October 4, 2011, the stock of Apple fell by close to 10% while S&amp;P 500 wen
lilavasa [31]

Answer: C. Idiosyncratic Risk

Explanation:

Idiosyncratic risk which is also referred to as UNSYSTEMATIC RISK is the inherent risk involved when a specific asset is invested in.

The risk affects that specific asset and not the rest of the portfolio or the market. Hence it is the OPPOSITE of SYSTEMATIC RISK as Systematic risk affects all companies.

Idiosyncratic risks are more rooted in individual companies (or individual investments). Investors can mitigate idiosyncratic risks by diversifying their investment portfolios.

A Stock being dependant on a keep figure falls under this type of risk as it is unique to a certain company.

Steve Jobs was considered the Visionary behind Apple and so when he was ill and finally died, Apple Stock kept going down but not by too much.

Bless his soul.

8 0
3 years ago
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