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2 years ago

The most popular approach to increase goal commitment is to:________

Business

1 answer:

nexus9112 [7]2 years ago

5 0

Answer:

C encourage employee participation while setting goals.

Explanation:

Goals are ideas in which an individual or group of people or organization aim to achieve within a stipulated time.

While top managements of organizations are saddled with the responsibility of setting goals and cascaded to lower managers and subsequently junior employees, it is now essential that employees are encouraged to participate in these goal settings.

By involving employees in goal settings, there would be increase in goals commitment thereby leading to dedication amongst employees and subsequently results to attainment of such goals.

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3 years ago

Economic growth in China has led to more Chinese people owning cars, which: increased demand for oil but decreased supply, causi

lisov135 [29]

Economic growth in China has led to more Chinese people owning cars, which "increased demand for oil, causing oil prices to rise".

Answer: Option C

Explanation:

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3 years ago

What does respecting people’s privacy mean? Which factor is a component of verbal communication?

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2 years ago

Which of the following is most likely to have inelastic demand?

iren [92.7K]

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2 years ago

The demand and supply functions for basic cable TV in the local market are given as: Calculate the consumer and producer surplus

lana [24]

Answer: Hello your question is poorly written attached below is the complete question

answer:

a) Cs = 800,000 , Ps = 1,500,000

b) Cs = 1437500, Ps = 525,000

Explanation:

Demand function ( Qd ) = 200,000 - 4000 P

supply function ( Qs ) = 20,000 + 2000 P

at equilibrium : 200,000 - 4000P = 20,000 + 2000P

therefore ; P = 180,000 / 6000 = 30

Q = 20,000 + 2000 ( 30 ) = 80,000

a) Determine consumer and producer surplus in the market

consumer surplus ( Cs ) This is the area above the price and below the demand curve = 1/2 * ( 50 - 30 ) 80,000 = 800,000

producer surplus ( Ps ) This is the area above supply and below price

= 30 * ( 80,000 ) - 1/2 (80,000 - 20,000 ) (30)

= 1,500,000

b) Determine the new levels of consumer and producer surplus with a price ceiling of $15

Pc (ceiling price ) = $15

Qd = 200,000 - 4000 ( 15 ) = 140,000

Qs = 20,000 + 2000 ( 15 ) = 50,000

∴ New consumer surplus = area ( a , Pc, b, d )

= ( 30 - 15 ) (50,000) + 1/2(50-30) (80,000) - 1/2 (80,000 - 50,000 ) (37.5 - 30)

= 1437500

New producer surplus = area ( Pc , b, e 0 )

= ( 15 ) ( 50000) - 1/2 ( 50,000 - 20,000 ) (15)

= 525,000

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3 years ago