First-line managers generally require more technical skills and fewer conceptual skills.
Conceptual skills are vital for top managers, less critical for mid-degree managers and no longer required for first-stage managers. As we move from the bottom of the managerial hierarchy to the pinnacle, the significance of these capabilities will upward thrust. Professional first-line managers can pay attention, talk, and write truely and continually, speaking for maximum effect with people at all degrees inside the organization, including team members, superiors, friends, and others. it is specifically important to correctly speak desires and expectations.technical abilities are the most vital for lower level managers because the managers surpervise the workers who produce products or serve clients. Group leaders and first-line managers want technical understanding and competencies to train new employees and help employees remedy problems. Pinnacle managers need sturdy conceptual abilities, whilst the ones at midlevels need top interpersonal abilities and those at lower stages want technical abilities. All managers want robust communication, selection-making, and time-management skills.
Because of this first-line managers need to be skillful hassle solvers who recognize the way to quick expand alternative plans and enforce them within teams. First-line managers have to remain agile and flexible when shifts unavoidably occur within an organizational structure.
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Answer: The correct answer is D.
Explanation: We must record the passage of direct materials to the goods in process account and record the passage of indirect materials as factory overheads, therefore we debit "Goods in process" for 60000, and "factory overhead" for 17000 And we cancel the inventory account of these materials by crediting "raw materials".
<u>The registration would be:</u>
Goods in process 60000
Factory overhead 17000
Raw Materials 77000
Answer:
4.5 and 3
Explanation:
We know that
Real exchange rate = Nominal exchange rate × (Cost of the basket in US ÷ Cost of the basket in Norway)
So according to this formula, the computation is shown below
When the nominal exchange rate is 3, then the real exchange rate would be
= 3 × (60 ÷ 40)
= 4.5
When the nominal exchange rate is 2, then the real exchange rate would be
= 2 × (60 ÷ 40)
= 3
Answer:
In equilibrium, each worker is paid his or her value of the marginal product of labor.
Explanation:
Here are the missing option of the question:
- In equilibrium, each worker is paid his or her value of the marginal product of labor.
- Each worker is paid a wage equal to the highest value of the marginal product of labor(i.e., $40)
- Each worker is paid $15.
- We need to know the product price before we can figure out the wage rate.
As per marginal theory of productivity of income distribution, Income of each factor production is equal to its marginal productivity.
Marginal productivity is one additional unit of production by one unit additional unit of factor, which bring changes in total production. Firm hire labor till marginal revenue product of labor is more than wage rate of labor. The point at which Marginal revenue product of labor is equal to wage rate labor is the labor market equilibrium.