Answer:
a statement of the knowledge, skills, and abilities required of a person to perform a job.
Explanation:
A job specification is a written statement that describes btge educational qualifications, experience, technical skills, and communication skills required to perform a job. Also responsibilities that are required on a job are stated.
A job specification is different from a job description which is a set of different duties and responsibilities performed by one employee.
Answer:
Centralized Organization
Explanation:
Centralized organization can be defined as a hierarchy decision-making structure where all decisions and processes are handled strictly at the top or the executive level.
Answer:
a. 5.18%;
b. 10.12%;
c. 6.32%;
d. 9.22%.
Explanation:
We apply the formula of Annual rate of return to calculate for the four cases.
The formula for calculating annual rate of return as below:
Annual rate of return = ![\sqrt[year]{Ending value/Beginning value}](https://tex.z-dn.net/?f=%5Csqrt%5Byear%5D%7BEnding%20value%2FBeginning%20value%7D)
-1 ;
So, for each of the case given, by applying the formula, the detailed calculations for each case will be:
+ For case a :
![\sqrt[12]{769.5/420} -1](https://tex.z-dn.net/?f=%5Csqrt%5B12%5D%7B769.5%2F420%7D%20-1)
= 5.18%;
+ For case b:
![\sqrt[14]{11,567.45/3,000} -1](https://tex.z-dn.net/?f=%5Csqrt%5B14%5D%7B11%2C567.45%2F3%2C000%7D%20-1)
= 10.12%;
+ For case c:
![\sqrt[20]{110,000/32,303.47} -1](https://tex.z-dn.net/?f=%5Csqrt%5B20%5D%7B110%2C000%2F32%2C303.47%7D%20-1)
= 6.32%;
+ For case d:
![\sqrt[40]{1,100,000/32,275.63} -1](https://tex.z-dn.net/?f=%5Csqrt%5B40%5D%7B1%2C100%2C000%2F32%2C275.63%7D%20-1)
= 9.22%.
Answer:
Mission.
Explanation:
Considering the stakeholders' perspectives is a significant step or approach to be adopted by business firms when developing a mission statement. It requires that you think about who is affected by your organization and how they might measure your success.
Generally, when the top executives or management are developing a mission statement, decisions, and goals, it is very essential and important that they ensure it is favourable to the stakeholders. Stakeholders can be defined as a group of people who have interest or shares in a business entity and are affected by the decisions of the company.
Hence, the stakeholders perspective needs to be considered at all times because they're part of the business and their actions can affect the success of the business.
Mission typically includes information on the customers served, why the company exists, what the company does, the value received by the customers, and the technology used.
Answer:
Explanation:
Provided that the demand is inelastic, there would be an increment in revenue.
Total revenue is calculated as the quantity of a good sold multiplied by its price.
There is a close interrelation between price elasticity of demand and total revenue, in the sense that they deal with the same two variables - which are price and quantity.
If the product has an elastic demand, revenue can be increased by decreasing the price of the good. Q will increase at a greater rate, while P will decrease, thereby, increasing the total revenue.
If the product has an inelastic demand, then the prices of goods can be increased and sold slightly less of that item but a higher revenue must be obtained.
