Open book management is the practice of sharing with employees at all levels of an organization vital information previously meant for management's eyes only.
Open book management (OBM) is defined as empowering every employee of an organization with required knowledge about the processes, adequate training and powers to make better decisions which would help them in running a business.
Open-book management is underlined by the theory that workers are more motivated and productive when they are treated as business partners – who traditionally have access to financial data – rather than employees. Open-book management nearly always improves near-term financial results. OBM is that it makes a company stronger over the long haul.
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Answer:
Cash available after the final deposit 41,463.52
Explanation:
The 12,000 capitalize for 5 years
15,638,52
Capialize for 1 year
15,825
10,000 this deposit doesn't capitalize is deposit to complete and purchase the equipment
15,638.52 + 15,825 + 10,000 = 41,463.52
Answer:
beginning WIP 800
Question: which are the physical units in the beginning work in process inventory?
Explanation:
The beginning WIP and the started and completed untis will be the total transferred units.
<u><em>We first, solve for the start and completed: </em></u>
Unit Stated 25,200
Ending WIP(incomplete)<u> 2,000 </u>
start and complete 23,200
<em><u>Now, we solve for the WIP: </u></em>
<em><u /></em>
Transferred units 24,000
start and complete<u> (23,200) </u>
beginning WIP 800
Answer:
C. subtracting the competitive level producer surplus from the producer surplus associated with less output
Explanation:
A deadweight loss refers to a cost to society created as a result of market inefficiency. Market inefficiency occurs when supply and demand are out of equilibrium. It is also known as excess burden.
Deadweight loss is also created due to taxes as they prevent people from purchasing things that they would otherwise as the final price of the product increases.
The deadweight loss associated with output less than the competitive level can be determined by subtracting the competitive level producer surplus from the producer surplus associated with less output
The prices become higher when a desirable item is auctioned because the demand of the item rises when more people want it and only one person can get it. When this happens the price will rise immensely because the buyer wants it more than the other people so they bid higher to win the auction.
