Answer and Explanation:
core competency of an organization comprise it's multiple resource, capabilities and skills that gives it a competitive advantage in the market. It was originated in management theory by C. K. Prahalad and Gary Hamel.
For an organization to have core competencies in manufacturing and also research and development putting it's organizational structure and culture to use, it has to:
create a flexible and somewhat independent structure for it's research and development department such that innovation is easy. Control must be decentralized and the team must come first
For the manufacturing department, an organic and participative approach should be encouraged. This would allow inclusive management such that workers are included in decision making processes. Managers should also be given more independence while workers should increasingly be empowered
the organization should also take stringent measures in employing the right people for the research and development as well as the manufacturing department such that these individuals are qualified and possess the needed expertise for their areas. Staff should equally be empowered through constant education and new skill acquisitions and be allowed to impart this knowledge on other staff by encouraging transfers in global expansion.
The answer is maximizing utility.
When Marietta is making her decision she is trying to get the maximum utility for the money that she has.
This is an example of the Utility Maximizing Rule. (Keep in mind that utility is defined as the total amount of satisfaction a consumer obtains from consuming a product.) The utility maximizing rule explains how consumers decide to allocate their money so that the last dollar spent on each product purchased yields the same amount of extra (marginal) utility.
A person, similar to most other people, in the situation given above will choose confirmation bias because of the loss aversion.
<h3>What is confirmation bias?</h3>
The general human tendency to decide or favor with a particular thing in such a way that there are no chances of losing, and it guarantees or confirms a benefit, is known as a confirmation bias.
Hence, options A-1; B-2 hold true regarding the confirmation bias in the given situation.
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The option that's true about Padraig’s gross pay and total employee benefits is "His total employee benefits are 12.5% of his annual gross pay of $64,000"
His annual gross pay is $64,000, his employment benefits will be:
= 12.5% × $64000
= 12.5/100 × $6400
= 0.125 × $64000
= $8000
Therefore, the annual compensation will be:
= $64000 + $8000
= $72000
In conclusion, the correct option is C.
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