Advantages:
<span>Current employees already know the rules, regulations and culture of the organisation.Employees have understanding of how the organisation operates and do not need an induction programme.The organisation knows employees and have detailed records from previous supervisorsOffering opportunities to internal employees may boost the morale of the staff members.Allowing employees to move vertically and horizontally within the organisation could reduce the possibility of her looking for another job.A positive image is created in the organisation</span>
Disadvantages:
<span>No new or fresh ideas are brought into the organisationThe job advertised may require skills not currently available within the organisationPromotion of an internal employee could cause resentment amongst other employees, who may feel they deserve the post more than the promoted employee.The number of applicants from which to choose may be too high or limited.It is possible to promote less qualified employees than those from outside of the organisation, in order to comply with the internal recruitment policy or the Employment Equity Act.Most internal applicants have been stagnant in their posts for so long and will not positively contribute any new ideas.Harden negative attitudes of internal employees cannot be changed by promotion.Lazy employees cannot suddenly change into ‘star’ employees because they have been promoted.<span>Contagious negative habits and behaviour by one negative employee can easily be passed on to other divisions.
</span></span>
Answer: Cross functional team
Explanation:
Cross functional team could be defined as a team of people from their parent department in an organization, coming together to work for another purpose. This is a scenario were people in addition to their existing department's in organization work for another function. This works for short term committee, to meet up a project or task.
Answer:
$ 3,085
Explanation:
Given that;
The present value(PV) ------ ???
Future payment (F) ---- $5,000
The annual effective rate are 4%, 5% and 5.5% respectively, which can be illustrated as;
r = 0.04, 0.05 and 0.055 respectively.
The present value formula is given as:
PV = 5000 × (1.04)⁻³(1.05)⁻²(1.055)⁻⁵
= $ 3,084.814759
≅ $ 3,085
It would be 6 because -2x-3= 6 and the exponent comes out to one so 6 times nothing is 6. :)
Answer: Amortization Expense; Patents
Explanation:
The entry to record the amortization of a patent would include a debit to the amortization expense and a credit to the patents.
The journal entry will be:
Debit Amortization expenses XX
Credit Patents XX
Therefore, the correct option is A.
