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postnew [5]
2 years ago
9

Albert works as a server for a restaurant that gives him a certain amount of autonomy. For example, if customers complain about

their meal, Albert is allowed to provide them with a free dessert or otherwise compensate them as he deems appropriate. He does not need to check with management before he makes his decision. In this case, the restaurant Albert works for is promoting better service quality through:_______
Business
1 answer:
Blababa [14]2 years ago
4 0

Answer:

Empowerment

Explanation:

Employee empowerment refers to a mechanism by which companies provide their employees with a degree of independence and control in their discharge of routine duties.

Employee empowerment helps a firm with quicker decision making and at the same time, better employee satisfaction.  When an employee is provided with the authority to decide on his own, this serves as a means to motivation and leads to a better performance as it builds trust.

In the given case, Albert has been vested with the authority to serve customers at his own discretion and resolve their issues instantly without availing permission from higher authorities. This would help Albert to discharge his duties more efficiently and thus serve customers better.

Thus, in this case, the restaurant is promoting employee empowerment.  

You might be interested in
Which common saying best captures the concept of incentives (specifically, positive and negative incentives), which is one of th
lesantik [10]

Answer:

If the carrot doesn't work, try the stick.

Explanation:

This phrase clearly describes how advertising and promotions work:

If the carrot doesn't work: the tempting carrot refers to advertisement, and the doesn't work part refers to advertisement that is not able to change consumer habits and increase sales.

Try the stick refers to offering promotions or positive incentives like discounts or larger packs.

Another example would be the penalty imposed on individuals that refused to purchase health care insurance (eliminated in 2018). The carrot were the benefits obtained by having health insurance and the stick was the negative incentive (or penalty) imposed as a fine for those who didn't purchase health insurance.

6 0
3 years ago
Manziel Corporation constructed a building at a cost of $10,000,000. Average accumulated expenditures were $4,000,000, actual in
stira [4]

Answer:

$237,500

Explanation:

Cost of building      $10,000,000

Avoidable Interest            $300,000

Less;Salvage value           ($800,000)

Depreciation  Cost        $9,500,000

Depreciation per year $9,500,000/40=$237,500

7 0
3 years ago
Cash Flows. Quick Computing currently sells 10 million computer chips each year at a price of $20 per chip. It is about to intro
Tema [17]

Answer:

Since net revenue has increased from $140 million to $246 million = $106 million by considering all costs thus all the costs and revenue shall be considered.

Explanation:

For calculating the present value, all the cost and revenue will be considered.

Original revenue = Sale of 10 million chips

10 million \times $20 = $200 million

Less: Cost = 10 million \times $6 = $60 million

Net Revenue = $140 million

In case of introducing new chips

Revenue will be as follows

12 million \times $25 + 3 million \times $20

= $300 million + $60 million = $360 million

Less: Costs 12 million \times $8 + 3 million \times $6

= $96 million + $18 million = $114 million

Net Revenue = $360 - 114 = $246 million

Since net revenue has increased from $140 million to $246 million = $106 million by considering all costs thus all the costs and revenue shall be considered.

3 0
2 years ago
When a company invests in a foreign firm, and holds active ownership of the firm, then the company is said to be in a joint vent
Irina18 [472]

Answer: TRUE

Explanation: JOINT VENTURE is a business agreement whereby two or more entities share the ownership, expense, return on investments, profit, control etc. To gain a positive synergy from their competitors.

It can between private entity, public entity or a foreign entity.

It allows risk and return associated to an investment or business to be shared among the parties as agreed

It can be for a long or short period of time

8 0
3 years ago
Trey has $25,000 in savings, two new laptops, two laser printers, and a variety of quality office furniture that he's using to s
stealth61 [152]

Answer: Equity financing

Explanation:

When using Equity financing, the owners of the business are investing either their personal assets into the company or selling shares in the company and raising money from that.

Equity financing gives the person who invested an ownership portion in the company. The main difference between equity financing and leveraged financing is that with equity financing, you are not forced to make payments to the investors every period.

4 0
2 years ago
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