Answer:
3. representative participation.
Explanation:
Participative management refers to the kind of management where the employees take part in the decision making and brainstorming session together to achieve a common goal.
Representative participation is virtually when rare opportunities are given to employee of an organisation to make decision ,carry out core values all in line of pursing the common organisational goal.
Answer:
As the question was not complete. I have attached the complete question in the attachment. Please refer to attachment.
Explanation:
<em>By using, LD = 95- 3w and w1 = 7.25 and w2 = 9. We get,
</em>
<em>LD1 = 95-3(7.25) = 73.25
</em>
<em>LD2 = 95-3(9) = 68
</em>
Elasticity = Change in labor demand/ change in wage rate = ((68- 73.25)/ 73.25)/ ((9-7.25/7.25)) = -0.33
The 11 percent change in the wage rate causes, 33% change in labor demanded, as shown by the elasticity, the labor demand decreases with increase in wage rate.
Answer:
Bench-marking
Explanation:
Benchmarking is the process that works for comparing the products, services, etc by the other companies who are dealing with the same type of business that refers to the best in the industry or performing superior performance.
It could be done either by the cost, quality, time, quantity, etc
The aim of doing this process is to gain the competitive advantage so that they get to know their strength, weakness, opportunities, and threats
Answer:
Instructions are below.
Explanation:
Giving the following information:
Value at 18= $4,909
Interest rate= 3%
To calculate the final value, we need to use the following formula:
FV= PV*(1+i)^n
A) Number of years= 7
FV= 4,909*(1.03^7)= $6,307.45
B) Number of years= 47
FV= 4,909*(1.03^47)= $19,694.39
C) Finally, we need to determine the original investment. We need to isolate the present value from the formula:
PV= FV/(1+i)^n
PV= 4,909/(1.03^18)
PV= $2,883.52
When the price of a good increases, the quantity demanded decreases. When the price of a good decreases, the quantity demanded increases.