On-the-job training method would be most effective for training employees about ethical dilemmas and ethical decision making.
<h3>What is On-the-job training method?</h3>
On-the-job training is an important topic of human resource management. It helps develop the career of the individual and the prosperous growth of the organization. On-the-job training, also known as OJT, is a hands-on method of teaching the skills, knowledge, and competencies needed for employees to perform a specific job within the workplace. Employees learn in an environment where they will need to practice the knowledge and skills obtained during their training. Also learn about the suitability, merits and demerits of different on the job training methods. In the on-the-job training method, the employees are trained on-the-job at their workplace. This is a common method of training for employees performing operative functions.
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<span>Production economy.
This was a period when America was less on exporting raw goods and more into processed goods, which have greater value because of the processes that made it more manageable and usable by the public or other industries.</span>
If the Fed mailed everyone a $1,000, the effect would be a <u>rise in prices, </u>output, and income.
<h3 /><h3>What happens when money is injected into the economy?</h3>
The Equation of exchange is:
<em>Money supply x Velocity of money = Price level x Quantity of goods and services produced </em>
If the Money supply increases like it will when $1,000 is sent by the Fed to people, the velocity will also rise as people purchase more goods and services.
The Price level and the Quantity produced on the right side of the equation would also have to rise to match the left side. So prices would rise, and so would output.
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Answer:
The best transfer price to avoid transfer price problems is $2,310
Explanation:
Transfer Price = Variable cost + Fixed Fee
Variable Cost = Direct Material + Direct labor + Variable Overhead
= 600 + 1,200 + 300
= 2,100
Transfer Price = Variable cost + Fixed Fee
= 2,100 + 210
= $2,310
Therefore, The best transfer price to avoid transfer price problems is $2,310
<h2>
Lean Production Perspective</h2>
Explanation:
There are 6 Business management perspective. They are:
- An ethics perspective
- Strategic management perspective
- Enterprise risk management
- Corporate social responsibility perspective
- A process management perspective
- A leadership perspective
Here the Lean production perspective does not come under the business management perspective.
Lean production actually deals with cutting down of waste and whilst ensuring quality. This approach is basically a cost-cutting approach where it brings benefit to the business. This is one of the most efficient methods.
