Answer:
Discourage Torri from continuing. Encourage Julie to continue.
Explanation:
The progress of all trainees is tracked. Those not showing good progress are moved to less demanding programs. This means that there is hope of still doing/getting a job, if they don't pass this test.
REQUIREMENT: By the 10th time doing the test, trainees must be able to complete the task in a maximum of 1 hour.
1st Trainee: Torri Olson-Alves
5 hours on Unit 4; 4 hours on Unit 8
Should Torri be encouraged to continue? NO.
There are 10 units or repetitions in all. If Torri spends 5 hours on Unit 4 and spends 4 hours on Unit 8, then Torri is slow or isn't making much progress. After 4 repetitions, her marginal product only increased by an hour. She most likely won't make it to 1 hour by the 10th repetition.
2nd Trainee: Julie Burgmeier
4 hours on Unit 3; 3 hours on Unit 6
Should Julie be encouraged to continue? YES.
Julie makes a progress of 1 hour after 3 repetitions. We can predict that after another 3 repetitions (on Unit 9) progress would be made again and by Unit 10, she would have met the required benchmark.
Answer:
Explanation: Two important factors that could be considered to help decide how much inventory to keep in existence of a particular item in the store are:
1. Different inventory management techniques: These well-developed techniques will allow for an adequate level of inventory since, if not applied, maintenance of high levels of inventory could be incurred. The same would happen if there is a low level of inventory, since more costs would also be incurred as well, since there would be a need to place more orders. Maintaining an adequate level of inventory allows you to be stocked all the time and provide optimal service.
2. Use technological tools, that is to say computer systems to optimize the realization of inventories, taking into account that it is necessary to work with qualified personnel to keep a record of all the items owned by the company.
Answer:
Money is a concept which we all understand but which is difficult to define in exact terms. Money is anything serving as a medium of exchange. Most definitions of money take 'functions of money' as their starting point. 'Money is that which money does.
Answer:
<em>The two firms will manipulate the market in unison, to maintain the same price, which guarantees the optimum benefit for both firms, as opposed to if one or both of them reduces its price.</em>
Explanation:
<em>A cartel is a group of independent market participants that collude with each other in order to improve their profits and dominate the market.</em> Cartels are usually in the same line of business, and they form a type of alliance as competitors. Cartel use price fixing, bid rigging, and reductions in output, to dominate the market and to maximize their profit. They are usually frowned upon in a free market system.
In this case,<em> if the the two firms Boeing and Rolls-Royce operates as a cartel, they will bend the market rules by fixing their prices, instead of letting market drivers like demand and supply to determine their selling price, they might also reduce their output so that they both have the same level of output, or do any other form of manipulation in unison to maintain the same price</em>. This is because both companies will benefit equally if they maintain the same price, as opposed to if one or both of them reduces price.
