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3 years ago

In a bureaucratic organization:

Business

1 answer:

creativ13 [48]3 years ago

5 0

Answer:

The answer is B. Employees follow strict rules and regulations.

Explanation:

Now lets take a deeper look at this. Simply, Bureaucracy is a method of governance and control. In this method, all decisions are taken by a few people who are at the top positions of the organization.

We call this "Centralization of Power" where decision taking power and responsibilities along with organizational resources are allocated to a few.

These organizations are strongly layered, meaning there is a clear distinction among,

Top level management
Middle level management
Bottom level management

These organizations mainly focus on the policies and procedures. Simply, they look at "How the work is done" than "What is being done and to whom is it being done".

The Employees in these organizations are subjected to strict rules and regulations to ensure their conformity to the existing organizational policies and procedures. Because of this, such organizations are hardly innovative and comes up with new innovations.

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Assume the macro islands can produce either 25 fishing boats or 150 jars of guava jelly in one hour. the micro islands can produ

LenKa [72]

Answer:

The correct answer is letter "C": the Macro Islands have a comparative advantage in producing fishing boats, and the Micro Islands have a comparative advantage in producing guava jelly.

Explanation:

Comparative advantage is an advantage an individual, organization or country has to use opportunity costs in their production compared to their competitors. The scenario described above does not imply that the individual, organization or country has an absolute advantage.

In the example proposed:

Comparative advantage of Macro islands in fishing boats = $\frac{25}{150}= 0.17$
Comparative advantage of Micro islands in fishing boats = $\frac{30}{300} = 0.10$

Comparative advantage of Macro islands in jars = $\frac{150}{25} = 6$
Comparative advantage of Micro islands in jars = $\frac{300}{30} = 10$

Thus, the Macro Islands have a comparative advantage in producing fishing boats, and the Micro Islands have a comparative advantage in producing guava jelly.

5 0

4 years ago

Suppose there are three stores in a shopping center that would benefit from security lights in the parking lot according to the

Kryger [21]

Answer:

Public good is a good which is non-rival and non-exclude able in nature. For example water, sun-rays, lighthouses, streetlights etc

It is non-rival in the sense that the consumption of the good by one does not decrease the consumption of other people in the society.

It is non-exclude, which means that nobody can be excluded from the use of the good or the service It is difficult to exclude them

Externality occurs when the action of an individual or a firm affects other individuals or firms in an economy in either a positive or a negative way.

The relevant benefits or costs (compensation of externality) are not reflected in the market prices

Externalities arise in case of public goods because of the problem of .free-rider. This means that the benefits of the good are reaped by some other party without paying for the good.

In this case, private firms fail to provide the good because people do not reveal their true preferences. Thus,market failure occurs in case of production of public goods because of the presence of positive or negative externalities

The government steps up to produce this good when market fails to produce it by

charging each persona price equivalent to their marginal willingness to pay for the good.

Marginal social cost (MSC) of a good is the minimum amount of money required to compensate the producers to make them produces an extra unit of that good and make it available for consumers.

It is the change in the total social cost of production due to the production of an additional unit of output

Marginal social benefit (MSB) of a good is the maximum amount of money that people need to give up to obtain an additional unit of the good

It is the extra benefit derived from the availability of an additional unit of the good It includes private benefits as wen as external benefits such as benefits of a positive externality.

Suppose few shops in the shopping center benefit from the security lights in the parking lot La this case, the benefits of the positive externality are reflected in the prices.

The demand functions, reflecting marginal willingness to pay of each store, are given as follows

$P_{A} = 50 - Q$

$P_{B} = 45 - 2Q$

$P_{C} = 30 - 2Q$

The market quantity is fixed in case of a public good. However, the price of the good needs to be calculated The price to be charged for a public good is the sum of marginal willingness to pay of each store at each quantity level (Q)

That is,

$P = P_{A} + P_{B} + P_{C}$

P = (50 - Q) + (45 - 2Q) + (30 - 2Q)

P = (50 + 45 + 30) - (Q + 2Q + 2Q)

P = 125 - 5Q

This is the marginal social benefit (demand) function for the public good

A firm equates its MSB with Sac to maximize the difference between total social benefit and total social cost The intersection of MSB and MSC curves gives the market equilibrium price and quantity.

MSC is $70 per security light.

MSB = MSC

125 - 5Q = 70

125 - 70 = 5Q

55/5 = Q

Q = 11

Thus, the socially efficient output quantity of lights is 11 security lights

6 0

4 years ago

Which of the following statements is (are) TRUE?

Setler [38]

Answer:

B. The long-run average total cost curve is derived by tracing out all of the firm's short-run average total cost curves.

6 0

4 years ago

Sharon transfers to Russ a life insurance policy with a cash surrender value of $30,000 and a face value of $100,000 in exchange

Vanyuwa [196]

Answer: $56,000

Explanation:

When a life insurance policy is transferred the taxable amount at death is the value of proceeds that the policy gives less the Cash surrender value and the premiums that have already been paid by the formula;

Taxable Proceeds = Total Proceeds received - (Cash Surrender Value + Premiums paid)

Taxable Proceeds = 100,000 - (30,000 + 14,000)

Taxable Proceeds = $56,000

4 0

3 years ago

During a recent fiscal year, creek company reported pretax income of $117,000, a contribution margin ratio of 20% and total cont

Aleonysh [2.5K]

To solve this problem, we use the formula in calculating for the total variable cost (COGS):

Revenue - COGS - SG&A = Pretax profits

where SG & A is calculated as:
SG & A = (Contribution - Prextax income)
SG & A = ($320,000 - $117,000)
SG & A= $275,000

Calculating for revenue using the margin ratio:
Contribution margin/Revenue = Contribution Margin Ratio
Revenue = Contribution Margin/Contribution Margin Ratio
Revenue = $320,000/.20

Revenue = $1.6m

Going back to the 1st formula:
Revenue - COGS - SG&A = Pretax profits
1.6m - COGS - 275k = 117k
COGS = $1.6m - $117k - $275k

COGS = $1.208 million

8 0

3 years ago