Answer: The correct answer is the first statement.
Explanation: Marginal revenue product measures the amount by wich the extra production of one more worker increases a firm's total revenue.
<u>It is an economic term used to describe the change in total income that results from a unit change of one type of input variable. There are many types of input variables that you can change, such as adding an employee or a new machine.</u>
Answer:
The answer is (E) For most firms that invest in training their employees, the value added by that investment in employees who stay exceeds the value lost through other employees’ leaving to work for other companies.
Explanation:
This question is a dilemma for companies: Should they invest on training and development for people who might not stay in the company for long periods of time? In the end, even if the employees don’t stay long in the company, the value they bring to the company after being trained are usually more significant than if the employee wasn’t trained in the first place. After all, the risk for mismanagement is higher if the latter was implemented – and will result in higher loss for the company since the bad performance of unskilled employees might impact the company not only financially, but also reputation-wise.
Answer:
C. Employers are most interested in how a candidate will add value to the hiring organization.
Explanation:
Most Organizations are keen on knowing what value you are bringing to the company, there is no real consideration of the applicants dreams or career goals. As time goes by, it becomes really difficult to secure positions without reasonable years of experience because that way, the recruiting organization is in the know of your capability and how you contribute to their existing goals. Sadly, this is what applicants face in the world today so most newly graduates have to go on internships so as to widen their scope of real job tasks which also increases their chances of getting recruited.
Answer: True
Explanation: The given case does illustrates business acquisition. Business acquisition refers to the process in which one company purchases majority or all of the shares of another company.
In the given case, Laurie corp. purchased Smith inc. and the part of production is then transferred to the purchased company for the ease of operations.
Hence, from the above we can conclude that the answer is true.
