Is a worker's human capital and his or her resulting productivity the ONLY determinants of that person's wage or salary?

1 answer:

3 0

The correct answer is

No, like all resources, supply and demand also affect how much a worker is paid.

For example, a worker doing the same computer job might be paid more in New York than in other places: this has to do with the fact that the demand and supply (in form of workers ready to work in NY for a certain wage) are different in those two places

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The goal of the __________ is to resolve any pending project-related issues, critique the overall effort of the project, and dra

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Answer: wrap-up

Explanation: since every project needs to end the wrap-up aims to resolve any pending project-related issues, critique the overall effort of the project, and draw conclusions about how to improve the project management process for the future. Doing this ensures that all stakeholders of the project are satisfied, and that all acceptance criteria for the project have been met. The wrap-up is simply the concluding action of the project.

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You have recently opened your own internet website design business. You charge your clients $500 per project and are considering

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Explanation:

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Which one of the following is a primary benefit of budgeting? It removes the ‘plan ahead’ from lower level managers so that they

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Answer:

It provides definite objective for evaluating performance

Explanation:

Budgeting: It can be defined as the process of deciding an efficient way of spending money.

A budget is a financial plan which shows the estimation of income and expenditure over a specified future period of time. A budget can be made by an individual, business organzations or government of a country.

A budget can either be surplus or deficit.

1. A surplus budget is a budget in which the estimate of income is more than expenditure.

2. A deficit budget is a budget in which the estimate of expenditure is more than income.

Benefits of budgeting includes;

1. It provides definite objectives for evaluating performance.

2. It requires all levels of management to plan ahead on a recurring basis.

3. It facilitates the coordination of activities.

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What is NOT a reason for companies to merge?

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Answer: A merger results in reduced competition and a larger market share. Thus, the new company can gain a monopoly and increase the prices of its products or services

Explanation:

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2 years ago

As the CEO of your company, you can use only the planning and controlling functions to reach your organizational goals.

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Answer: False

Explanation:

CEOs are top management and top management use all five functions of management to ensure that the company reaches its goals and objectives.

The CEO has to use planning to to decide what long term strategies the company will use to achieve its goals. They have to use controlling to evaluate and improve the methods the company is taking to achieve its long term goals.

They also have to use staffing to hire the best top level and middle level talents that can push the company forward. As management they have to use leading to get the employees inspired to move the company forward and finally they will use organizing to put the various processes in the company together to ensure that the company's goals are met.

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