Answer:
1) Contingency theory
2) Classical management theory
Explanation:
1) The contingency theory of management states that employees' efficiency depends on an interaction between management behaviors and specific working conditions. That is why one approach that best suits a group of employees may not work with the rest, and vice versa. So every group must be managed differently based on their specific working conditions.
2) The classical management theory advocates for specialization of labor, so a tasks that yields positive results should be imitated and carried on by the rest of the employees.
Final offer arbitration is often regarded as a public process only meant for disputes that are monetary in nature.
The true statements about final offer arbitration are:
- It reduces the chilling effect of conventional arbitration.
- It requires the arbitrator to select between the union's or the employer's final offer
Final offer arbitration as a public process when applied to individual is used when an individual and the other party want to a dispute are are unable to resolve the matter through mediation.
In final-offer arbitration, the two parties that are involved in the dispute often submit final offers to an arbitrator.
The arbitrator then chooses the binding solution that matches the one that is closest to his own view of the right outcome
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The similarities between job-order costing and process costing include the following:
- Usage of predetermined overhead rates.
<h3>What is Costing?</h3>
This is defined as the estimated cost of producing goods and services in a company.
Both types of costs determine the cost of products and also have the same cost flows.
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Answer: 11%
Explanation:
From the question, we are informed that an individual put up $50 at the beginning of the year for an investment and that the value of the investment grows 4% and the person earn a dividend of $3.50.
The HPR will be calculated as :
= 4% + (3.50/50)
= 4% + 0.07
= 0.04 + 0.07
= 0.11
= 11%