Answer:
The appraisal interview should be held in two segments because the rater must perform the role of both evaluator and counsellor.
Explanation:
Following are the purpose of appraisal interview:
1) Rate and evaluate the past performance.
2) Feedback for development and recommend the training program.
3) Discuss the growth plan of employee.
Therefore, role of one who is taking appraisal is very vital for the growth and development of employee. So, he has to play two role, both evaluator and counsellor.
Answer:
See explanation below for answer.
Explanation:
When using the short run model, the capital stock is fixed and cannot adjust to changes in the demand for capital. We will be using the short run model to analyze the effect of immigration and inflation on the economy.
In an economy, the primary determinant of how immigration can affect wages and employment is the degree to which the workers who have newly arrived will replace or complement the existing workers.
The level of wages may drop in the short run for the kind of workers who can be easily replaced by immigrants, whereas the level of wages may rise for the workers whose expertise can be complemented by the new workers.
For instance, in a situation where foreign-born construction workers enter the labor market, thereby causing a decrease in construction workers’ wages. The firms will respond by employing more construction workers, and since additional first-line supervisors may be needed to supervise the activities of the expanded workforce, the demand and consequently, the wages of these complementary workers could increase.
Further, where the availability of low-skilled immigrants at lower wages allows businesses to expand, total employment will rise.
Answer:
$6,600,000 ; $4,400,000 and $5,500,000
Explanation:
The computation is shown below:
Manufacturing overhead is
= Total manufacturing cost × manufacturing overhead percentage
= $16,500,000 × 40%
= $6,600,000
The direct labor is
= Manufacturing overhead ÷ direct labor percentage
= $6,600,000 ÷ 150%
= $4,400,000
And, the direct material used is
= Total manufacturing cost - direct labor - manufacturing overhead
= $16,500,000 - $4,400,000 - $6,600,000
= $5,500,000
Answer:
Relationship by assumed representation.
Explanation:
A third party believes a principal has an agent acting on his behalf and interests without properly confirming from the principal, this relationship is known as relationship by assumed representation.
First, the third party is not told by the principal that a particular person is his agent and will represent him, he assumes it, probably because he sees both of them together.
The third party fails to explicitly ask the principal if the agent represents his interests and goes ahead to deal with the agent, he is merely transacting based on assumed representation.
It is totally different when the principal explicitly tells the third party that this is his agent who will be representing him.
Answer:
1. Internet - Bargaining power of buyers
With the internet buyers are much more knowledgeable about goods and services as well as having access to many more vendors. The internet has therefore increased the bargaining power of buyers.
2. Investments - Threat of Substitute Products or Services
Investment into an industry could mean that other companies are being financed to provide the goods and services that the other companies in the industry already create. This is a threat of substitute products and services.
3. Music - Threat of New Entrants
Music is dynamic and keeps evolving such that new entrants are a constant happening. These new musicians could attract the audiences of other musicians so it is a threat to entry.
4. Glass - Bargaining Power of Suppliers
If the specific kind of glass is not easy to get or is sold by one or few companies, this would mean that the bargaining power of suppliers is high due to the scarcity of the glass.
5. Advertisement - Rivalry Among Competitors
Advertisement is a way of telling consumers to buy a product from the company advertising instead of its customers. Advertising is therefore a medium of expression for rivalry amongst competitors.
