Some union agreements state that current employees must be informed of upcoming new openings. This practice is called internal job posting or just posting.
When company gets new vacancy first they should give opportunity to internal employees rather than going external. Giving opportunity to current employees increases their motivational level. This also sends a positive message to employees that company thinks of their growth and career advancement and they work for the organization more seriously.
This process also helps company by saving it's time and cost as posting can be done easier because employees can be found within the firm and employer can get right feedback of the employee plus it provides short learning curve.
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Answer:
Market positioning
Explanation:
Marketing mix can be defined as the choices about product attributes, pricing, distribution, and communication strategy that a company blends and offer its targeted markets (customers) so as to build and maintain a desired response.
Generally, a marketing mix is made up of the four (4) Ps;
1. Products: this is typically the goods and services that gives satisfaction to the customer's needs and wants. They are either tangible or intangible items.
2. Price: this represents the amount of money a customer buying goods and services are willing to pay for it.
3. Place: this represents the areas of distribution of these goods and services for easier access by the potential customers.
4. Promotions: for a good sales record or in order to increase the number of people buying a product and taking services, it is very important to have a good marketing communication such as advertising, sales promotion, direct marketing etc.
Thus, market positioning is a strategic process which typically involves defining the marketing mix variables such as price, product, promotion and place, so that there exist some level of a clear, distinctive, desirable understanding to the target (potential) customers or clients, of what a particular product does (functions) or represents in comparison with other competing products manufactured by rival companies.
A sole proprietor is personally liable for the liabilities which remain unpaid after the utilization of assets. In the given case the sole proprietorship has total assets of $34,583 and liabilities of $55,867. It means total assets can be used to pay off $34,583 out of total liabilities of $55,867 and the proprietor shall be personally liable for the balance liabilities= 55867-34583 = $21,284
Hence, you are personally liable for <u>$21,284</u>
Answer:
DR Bed Debt Expense $28,245
CR Allowance for Doubtful Accounts $28,245
Explanation:
The Bad Debts expense figure for the year is;
= Accounts to be uncollected - Credit balance in Allowance for doubtful debt account
= 28,750 - 505
= $28,245
Debit this figure to the Bad Debt Expense account and Credit it to the Allowance for Doubtful Accounts.
Answer:
A. increase the money supply and encourage economic growth.
Explanation:
The Federal Reserve may buy government securities in open market operations in order to increase the money supply and encourage economic growth.
An increase in the supply of money <u>works both through </u>
<u>1. Lowering interest rates, which spurs investment, and </u>
<u>2. Through putting more money in the hands of consumers, making them feel wealthier, and thus stimulating spending.</u>
<u>3. It also increases wage rate and reduces unemployment (because the increased investment will need more workers for increased production) as unemployment increases as inflation (more money in the economy) increases.</u>
Opposite effects occur when the supply of money falls or when its rate of growth declines.