Which of the following is NOT an assumption that economists make when developing a production possibilities frontier (PPF)?

What can organizations do to keep rewards individualized enough to meet various employee needs (needs theory) while trying to en

julsineya [31]

Answer:

The best way to go about this is to design and operate and rewards system that recognizes individual needs as summarized and proposed by David McClelland.

The theory of equity on the other hand speaks to the perception of how input is compensated for in relation to those of others. Human beings (workers) will come with varying degrees of skills and input.

So to customize rewards in such a way that it recognizes unique contributions in an equitable way, one must first decide what key skills will be required for each job and which jobs are required to achieve organizational goals and objectives.

Explanation:

The Needs Theory by David Mclelland summarizes individual needs into three. They are:

Achievement
Affiliation
Power

A balanced reward system will have financial and non-financial benefits. some of the non-financial benefits will be tailored to have the above components.

- Achievement: An example of this is - Opportunity for higher assignments

- Affiliation: The need to belong to a strong Employer brand

- Power: This answers the question about whether or not one will become more influential as they progress with the company

The equity theory will guide the business owner in ensuring that all selected metrics of input are classed and priced accordingly.

The usual form of input include but are not limited to:

Ability
Adaptability
Commitment
Determination
Education
Effort
Enthusiasm
Experience
Flexibility
Hard Work
Loyalty
Personal sacrifice
Skill
Support from co-workers and colleagues
Time
Tolerance
Trust in supervisors

Equity sometimes is difficult to achieve due to issues with capacity on the part of the company. Best practice, however, is to recognize equity first from the perspective of standard industry practice, then match or exceed such offering by a combination of Financial and Non-Financial rewards that are based on the strength of the organization.

Another strategy is for organizations to adapt it's reward systems to Achievement Based Compensation. This type of compensation instead of focusing on the inputs listed above focuses on results.

In this case, expected results and capacity to deliver and subsequent rewards on same are discussed and agreed upon.

Minimum requirements are also defined ahead of time. Under this kind of structure, equity is achieved, and individual needs are recognized.

Cheers

4 0

2 years ago

if an employee feels she is underpaid for the effort she exerts, she will probably:

9966 [12]

Quit or ask for a raise

4 0

3 years ago

. Tierney Enterprises is constructing its cash budget. Its budgeted monthly sales are $5,000, and they are constant from month t

mel-nik [20]

Answer:

b.$1,150

Explanation:

Sales Collection $5,000*.98 $4,900

Payment of purchases $5,000*50% ($2,500)

Other payments $5,000*25% ($1,250)

Net Cash flow during a typical month $1,150

3 0

3 years ago

Bindy Crawford created a corporation providing legal services, Skysong, Inc., on July 1, 2022. On July 31 the balance sheet show

ad-work [718]

Answer:

Bindy Crawford

1. Tabular Analysis of the August Transactions:

Cash Accounts Supplies Equipment Accounts Common Retained

Receivable Payable Earnings

7/31 $4,600 $7,400 $730 $9,900 $9,100 $11,700 $1,830

8/1 +1,200 -1,200

8/4 -2,770 -2,770

8/9 +3,510 +2,540 +6,050

8/15 -510 +4,180 +3,670

8/19 -2,480 -2,480

8/23 -670 -670

8/26 +5,700 +5,700

8/31 -370 -370

8/31 $8,210 $8,740 $730 $14,080 $15,700 $11,700 $4,360

2. Income Statement for the month of August

Service revenue $6,050

Salaries expense $1,390

Rent expense 760

Advertising expenses 330

Utility expenses 370 2,850

Net income $3,200

3. Retained Earnings Statement for the month of August

Retained earnings, July 31 $1,830

Net income 3,200

Dividends (670)

Retained earnings, Aug. 31 $4,360

4. Classified Balance Sheet as of August 31

Assets

Current Assets:

Cash $8,210

Accounts receivable 8,740

Supplies 730 $17,680

Long-term Assets:

Equipment $14,080

Total assets $31,760

Liabilities and Equity

Current liabilities:

Accounts Payable 10,000

Notes Payable 5,700 $15,700

Equity:

Common stock 11,700

Retained earnings 4,360 $16,060

Total liabilities and equity $31,760

Explanation:

a) Data and Analysis:

8/1 Cash $1,200 Accounts receivable $1,200

8/4 Accounts payable $2,770 Cash $2,770

8/9 Accounts receivable $2,540, Cash $3,510 Service revenue $6,050

8/15 Equipment $4,180 Cash $510 Accounts payable $3,670

8/19 Salaries expense $1,390, Rent expense $760, Advertising expenses $330 Cash $6,150

8/23 Cash dividend $670 Cash $670

8/26 Cash $5,700 Note payable (American Federal Bank) $5,700

8/31 Utility expenses $370 Cash $370

Tabular Analysis of the August Transactions:

Cash Accounts Supplies Equipment Accounts Common Retained

Receivable Payable Earnings

7/31 $4,600 $7,400 $730 $9,900 $9,100 $11,700 $1,830

8/1 +1,200 -1,200

8/4 -2,770 -2,770

8/9 +3,510 +2,540 +6,050

8/15 -510 +4,180 +3,670

8/19 -2,480 -2,480

8/23 -670 -670

8/26 +5,700 +5,700

8/31 -370 -370

8/31 $8,210 $8,740 $730 $14,080 $15,700 $11,700 $4,360

7 0

3 years ago

A corporate CEO wished to relay good news about the prospect of a new technology being created, but was reluctant to do so. Inst

borishaifa [10]

Answer:

Information signaling

Explanation:

Information signalling is defined as the various actions a firm takes that communicates it's financial outlook. For example if a firm releases a dividend policy it communicates the value of the firm's stock.

In this scenario the CEO announced increase in the firm's dividend. This will convey to investors that the company has a competitive advantage which will result in additional income, so dividends are being raised.

It is an indirect way of announcing good news about the prospect of a new technology being created.

7 0

3 years ago