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riadik2000 [5.3K]
3 years ago
15

Rodrick, a management consultant, believes that organizations should engage in participative decision making because the increas

ed information flow which results from employee participation leads to better decision making. Rodrick believes in the _______________ model of participative processes.
Business
2 answers:
Dmitrij [34]3 years ago
4 0

Answer:

cognitive (*)

Explanation:

Rodrick, a management consultant, believes that organizations should engage in participative decision making because the increased information flow which results from employee participation leads to better decision making. Rodrick believes in the cognitive(*) model of participative processes.

Fofino [41]3 years ago
4 0

Answer:

Cognitive

Explanation:

The involvement of the management and employees of a company in the decision making can be created through different ways such as casual conversation to formal representative systems.

The cognitive model explains that when employees and the management team participate in the decision making process a high quality information is achieved.

Improved employees efficiency is achieved as a result of their active participation in important decision making process of the organization.

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5-7 Short Run versus Long Run A firm sells 1,000 units per week. It charges $70 per unit, the average variable costs are $25, an
irina1246 [14]

<u>a. The firm should carry out the activities. </u>

<u>b.The firm should carry out activities until it is covering the cost. </u>

<u>c. The firm should shut down business activities when the price of the product goes below $25 in short-run. </u>

<u>d. The firm should shut down business activities when the price of the product goes below $65 in long-run. </u>

Further Explanation:

a  

Steps taken by the firm in the long run:

The sales price of the product is $70. The total average cost of the product is $65. The firm can cover all its costs (variable and fixed) and generating a profit of $5. So it should continue to carry out its business operations in the short run.  

b.

Steps taken by the firm in the long run:

In the long run, all the costs of the firm are variable. In the current case, the fixed cost is around 60% of the total cost. So the firm should attempt to decrease this cost. If the firm can decrease the total cost, it should carry out the business activities. The firm can continue to carry out the operational activities until it is making the profit and covering all the product cost.

c.

The appropriate price for shutting down the business in the short-run:

The firm can shut down the business in the short-run when the price of the product is below $25.

In the short run, the firm can only control the variable cost. The firm can not control the fixed cost of the product. In the given case, the variable cost of the product is $25. Therefore, the firm should shut down the business when the price of the product goes below the variable cost ($25).

d.

The appropriate price for shutting down the business in the long-run:

The firm can shut down the business in the long-run when the price of the product is below $65.

In the long run, the firm can influence all the costs of the business. It can influence the variable cost and the fixed cost of the business. Therefore, it should cover the total cost of the product. Thus, the firm should shut down the business when the price of the product goes below the total cost ($65).

Learn more:

1. Learn more about the variable costing

brainly.com/question/9203162

2. Learn more about the overhead expenses

brainly.com/question/4612804

3. Learn more about the cost of the product

brainly.com/question/1757741

`

Answer details:

Grade: Senior School

Subject: Economics

Chapter: Decision making (Short-run & Long-run)

Keywords: Short Run, Long Run, sells, units, week, charges, average variable costs, average costs, long run, Why, price, consider, shutting down the long run.

6 0
4 years ago
Brian wants to buy a mare that he can breed to help develop a horse operation. Larson offers to sell Brian a horse that Larson b
aev [14]

Answer:

The correct answer is C: likely that a court will allow the rescission based on a mistake of fact.

Explanation:

Brian was not aware of that fact that the horse is incapable of breeding at the point he buys it, but Larson assures Brian the horse is healthy. In this light, if Brian sues to cancel the contract with Larson, the court will allow it based on a mistake of fact. This way the court will reduce any civil liability or criminal culpability because Larson might not know that the horse cannot breed, although he is certain that the horse is healthy.

4 0
4 years ago
The inaccuracy of the grapevine has more to do with the message output than with the input. a. True b. False
Dennis_Churaev [7]

Answer:

The answer is b. False

Explanation:

6 0
3 years ago
Read 2 more answers
The Chart Company has a process costing system. All materials are added when the process is first begun. At the beginning of Sep
Mnenie [13.5K]

Answer:

58,560 units

Explanation:

The computation of the equivalent units of production for the conversion cost is shown below:

We know that,

Ending work in progress inventory = Units started - units completed

6,100 units = 61,000 units - units completed

So, units completed = 61,000 units - 6,100 units = 54,900 units

It is given in the question that 3 ÷ 5 means 60% ending work in progress inventory units is completed,  

So completed units = 6,100 × 60% = 3,660 units

So,the equivalent units of production equals to

= Units completed + completed units in ending inventory

= 54,900 units + 3,660 units

= 58,560 units

6 0
4 years ago
If the state minimum hourly wage is higher than the federal minimum hourly wage then employers ____.
Svet_ta [14]

Answer:

C

Explanation:

7 0
3 years ago
Read 2 more answers
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