When you work lets say at and ice cream shop you have a supervisor. When you work within an organization you have to supervise yourself, yes you have a manager but he/she isn't going to "baby" you all they way. You most correct answer would be C.
Answer:
Yes, moral hazard is an entirely valid concept. It's just the unfortunate reality of human interaction: when we know there is a benefit coming (I'm thinking social security in particular) we are less inclined to pay our own way. Knowing that the poor or lazy won't do this, and that any of your savings may be funneled to them through the government programs, can be difficult and economically frustrating.
401k programs are retirement plans made to self-spend. This is a way of protecting against moral hazard: it awards tax benefits based on how much money the individual raises, not just what the government is willing to give them. This creates incentive, and for many it can provide an antidote to the moral hazard.
Answer:
The answer are:
- $62.50 per direct labor hour - for preparation department
- $33.33 per direct labor hour - for processing department
Explanation:
To calculate the departmental overhead cost per direct labor hour we must divide the total overhead cost over the total amount of direct labor hours.
Preparation department: $25,000 / 400 DLH = $62.50 per DLH
Processing department: $20,000 / 600 DLH = $33.33 per DLH
The state has extensive authority to determine what goods and services are produced and in what quantities under centrally planned socialism.
A Centrally Planned Economy: What Is It?
A centrally planned economy, commonly referred to as a command economy, is a form of capitalism where decisions about the production and distribution of goods are made by the government. Market economies, where these decisions are the consequence of hundreds of choices made by producers and consumers, are different from centrally planned economies.
Although individual businesses may occasionally be brought into economic planning, state-owned corporations produce goods and services in planned economies frequently. In most cases, a centralized bureaucracy determines the costs, salaries, and production schedules.
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Answer:
B. Hinduism
Explanation:
Max Weber is known for his concept of bureaucracy as an organization structure.
Weber observed, the principles of Hinduism preach selflessness and greater self denial as means to attain enlightenment or nirvana. By abiding to such principles, entrepreneurial activities cannot be a possibility.
The simple reason being, entrepreneurial activities are focused at wealth creation and profit making. And ideally, one's profit is offset by another's loss. So when one earns a profit, it always comes at the cost of someone's loss.
So such activities as per Hinduism cannot lead to attainment of nirvana and thus would be discouraged.