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postnew [5]
3 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]3 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.  

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According to the mandatory uniform policy provisions, what is the maximum amount of time after the premium due date during which
Klio2033 [76]
The grace period, during which a policy remain in force even though the premium has not been paid depends on the state. But generally, a grace period of 7 days is usually allowed for weekly premium payments, ten days for monthly payment and thirty one days for other policies.
6 0
3 years ago
Bank 1 lends funds at a nominal rate of 8% with payments to be made semiannually. Bank 2 requires payments to be made quarterly.
torisob [31]

Answer: 7.922%

Explanation:

Bank 1 lends at nominal rate of 8% and payments made is semiannually,

So,

Semiannual rate of bank 1 = 4%

Effective annual rate of Bank 1:

EAR=(1+half\ yearly\ rate)^{2}-1

EAR=(1+0.04)^{2}-1

= 8.16%

If Bank 2 wants to maintain the same level of EAR at quarterly compounding:

(1+quarterly\ rate)^{4} =EAR+1

(1+quarterly\ rate)^{4} =8.16\ percent+1

(1+quarterly\ rate)^{4} =1.0816

(1+quarterly\ rate) =(1.0816)^{\frac{1}{4} }

(1+quarterly\ rate) =1.01980390271

Quarterly rate = 1.01980390271 - 1

                       = 1.980390%

Nominal annual rate for Bank 2 = Quarterly rate × 4

                                                       = 1.980390% × 4

                                                       = 7.9215% or 7.922%

5 0
4 years ago
A company sells 15,000 units of its single product annually. Annual revenues are $450,000, variable costs are $315,000, and fixe
valentinak56 [21]

Answer:

Decrease in profit = $9,000

Explanation:

The impact on the profit would be the sum of the increase in contribution from the special order less the lost contribution by forgoing the standard order.

Accepting the special order of 3,000 units would mean losing standard contribution on 2,000 units from the current sales unit of 15,000. Remember the company only has excess capacity of 1, 000 units i.e (16000-15,000) So, the additional 2,000 units would need to be forgone at standard price.

Variable cost per unit = 315,000/15,000 = $21

Standard selling price = 450,000/15,000 = $30

Special order price = $24

                                                                                                          $

Additional contribution from special order = (24-21) × 3,000 =  9,000

Lost contribution from forgoing standard order (30-21) × 2000 =(<u>18,000)</u>

Decrease in profit                                                                          <u> (9,000)</u>

By accepting the special order, the company would lose $9,000 of its profit

7 0
3 years ago
StayWell Health Insurance is offering a plan with a monthly premium of $250, a
VARVARA [1.3K]

The most Sheldon should pay in one calendar year is $9,750

Deductible is a term used in Insurance. The amount of deducible refrain the Insurer from liability until a certain level of liability is reached.

Given that :

Premium = $250

Deductible = $3500

Maximum out-of-pocket expenses = $6000.

Then, the maximum he should pay in one calendar year is:

= $250 + $3,500 + $6,000

= $9,750

Therefore, the maximum he should pay in one calendar year is $9,750

Learn more about insurance plan here : brainly.com/question/25676329

4 0
2 years ago
Cash receipts for January are expected to total $171,000. Cash disbursements for January are expected to be $158,000. The compan
Monica [59]

Answer:

Expected cash balance = $48000

Explanation:

Given

Cash receipts = 171000

Cash disbursements = 158000

Starting period = 35000

Minimum desired cash balance = 10000

From the above,

Cash available = Cash receipts + starting period

= 171000 + 35000

= 206000

Therefore,

Cash balance at the month end

= Cash available - Cash disbursements (payments)

= 206000 - 158000

= $48000

7 0
3 years ago
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