Answer:
Students believe that if the initiative does not happen, the funds for the initiative will not be spent elsewhere.
Explanation:
The visual appearance is both non rival and non excludable I.e. Pure public good
Benefit is 17*490=8.330
Benefit is greater than cost so college administrators should undertake the beautification initiative
Answer:
False.
Explanation:
A strong organizational culture is one in which all employees are encouraged to work synergistically in achieving the objectives of the organization, making them their objectives as well.
Answer:
<em><u>Classical Management Approach.</u></em>
Explanation:
The classic approach to management emerged as a management model founded by<em> Taylor </em>in the late nineteenth and early twentieth centuries, called scientific management, whose ultimate goal was to maximize productive efficiency in order to get the worker to produce more in less time.
Scientific management presents four fundamental principles proposed by Taylor:
- Principle of planning
: Substitution of empirical methods by scientific methods, there is a rationalization of work through time and execution studies.
- Principle of worker preparation
: Workers should be selected to work in areas according to their abilities and should be adequately trained so that they can produce more according to the demands of the organization.
- Principle of Execution
: It requires tasks and responsibilities to be distributed so that the work is performed with greater rigor and discipline within an established average time. From this came job and job designs that split functions to maximize productivity.
- Standardization:
Scientific methods were implemented to reduce costs and uniformity. The work is overseen by a number of expert supervisors and the man is seen as being economical, who is motivated to produce more when he receives monetary rewards.
Answer:
Variable cost per unit= $1.4 per unit
Explanation:
Giving the following information:
Miles Driven Total Cost Miles Driven Total Cost
January: 8,000 $14,120
March: 8,550 $14,979
February: 7,490 $13,495
April: 8,195 $14,490
To calculate the variable cost under the high-low method, we need to use the following formula:
Variable cost per unit= (Highest activity cost - Lowest activity cost)/ (Highest activity units - Lowest activity units)
Variable cost per unit= (14,979 - 13,495) / (8,550 - 7,490)
Variable cost per unit= $1.4 per unit