Answer:
a) Theory Y
Explanation:
Crater Valley Manufacturing has adopted the theory Y management approach. Theory Y proposes a participative management style, teamwork, and decentralization of the decision-making process. In the theory Y approach, managers encourage employees initiatives that will contribute to the success of the organization. Theory Y tries to match the organizations' objectives with the employees' aspirations.
<u>Some of theory Y assumption include</u>
- Employees have a natural tendency to work and play.
- Employees have self-direction and self-discipline in pursuit of organizational goals without external coercion or threats.
- An average person seeks and accepts responsibilities.
- Employee loyalty and commitment is as a result of job satisfaction and job reward.
<span>The type of arrangement where the
members of a cross-functional team have an informal agreement that
whenever a team member goes out of town on business, that the team member
will leave a phone number where he can be reached by the other members
of the team is known as group norm.</span>
Answer:
$1120
Explanation:
Units in ending inventory = 28 + 23+ 33 - 56 = 28 units
Inventory turnover = 22021 / 2665 = 8.26
Inventory value = 28*40 = 1120
Inventory = =22*130+24*140+26*150+24*160+30*170 = 19060
Answer:
D) Luigi should hire both workers as long as their marginal products do not change.
Explanation:
As long as the employees' marginal revenue product equals or exceeds their marginal cost, they should be hired.
Marginal revenue product = marginal physical output x price per unit
The marginal cost for hiring both Jessie and Kathy is $80.
Jessie's marginal revenue product = 10 pizzas x $9 per pizza = $90 > $80
Kathy's marginal revenue product = 9 pizzas x $9 per pizza = $81 > $80
