Answer:
14.87%
Explanation:
we have to use the future value formula to solve this question:
future value = present value x (1 + rate)ⁿ
you need to save $20,000 in 10 years (this is your future value)
currently you have $5,000 which will be $5,000 x (1 + r)¹⁰
$20,000 = $5,000 x (1 + r)¹⁰
(1 + r)¹⁰ = $20,000 / $5,000
(1 + r)¹⁰ = 4
¹⁰√(1 + r)¹⁰ = ¹⁰√4
1 + r = 1.1487
r = 1.1487 - 1
r = 0.1487 = 14.87%
Answer:
Management by objectives (MBO) theory
Explanation:
Management by objectives (MBO) is a management model that seeks to balance the objectives defined by both the company and its workers. It was first developed by Peter Drucker in 1954.
MBO considers that employees' participation is essential in order to align the whole organization's efforts towards achieving common goals.
It should be noted that Productivity per hour in the long run is the most important determinant of the average wage level in any economy.
<h3>What is Productivity per hour?</h3>
Productivity per hour can be regarded as measure of labour productivity.
It helps to know how efficiently labour input as well as other factors of production and how it is been used in the production process.
Learn more about Productivity per hour at;
brainly.com/question/2992817
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