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4 years ago

“knowledge of the job processes, methods, tools and techniques” is which managerial skill?

1 answer:

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Knowledge of the different job processes, methods, tools and techniques belong to the Technical Managerial Skill. Skills management refers to the proper training of understanding, developing and organizing individuals and their abilities. Well-managed skills management ought to recognize the abilities that profession roles necessitate, the abilities of singular workers, and a little fissure amongst the two.

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Johnson Co. and Peabody Enterprises are both manufacturers of plastic products. These two firms have decided to work together to

Alina [70]

Answer: strategic alliance

Explanation:

A strategic alliance is an agreement that takes place when parties come together to share risks, assets, control, strengths, and rewards in order to pursue some objectives.

This is used by the companies since the two companies are each going to assign two engineers to this project and have agreed to share any and all costs.

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4 years ago

Use the following information from BSJ Industries to determine the predetermined overhead rate based on direct labor costs. (Rou

sergeinik [125]

Answer:

The predetermined overhead rate based on direct labor costs is $1.75 per dollar of direct labor cost.

Explanation:

Predetermine overhead rate is an overhead application rate that is used to allocate the estimated overheads to calculate the estimated cost to manufacture a product while budgeting and planning. The predetermined overhead rate is calculated using an allocation base e.g direct labor hours or machine hours etc.

In the given question the predetermined overhead rate can be calculated as follow

First, we need to determine the direct labor cost

Direct labor cost = Direct Labor hours x Average hourly pay rate

Where

Direct Labor hours = 50,000 hours

Average hourly pay rate = $16.00 per hour

Placing values in the formula

Direct labor cost = 50,000 hours x $16.00 per hour = $800,000.00

Now use the following formula to calculate the predetermined overhead rate

Predetermined Overhead rate = Manufacturing overheads / Direct Labor cost = $1,400,000 / $800,000 = $1.75 per dollar of direct labor cost

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3 years ago

When p = $5, the quantity demanded of a good is 30 units, and the quantity supplied of the good is 50 units. For every $1 decrea

Neporo4naja [7]

Answer: Equilibrium price is $3 and equilibrium quantity is 40 units.

Explanation:

Demand equation is given by,

$Qd= a-bP When P=$5, Qd=30 30 = a – 5b Change in Quantity demanded = Change in a – (b Change in P) 5 = 0 – b(-1) b=5 So, a = 55$

Therefore the demand equation is given by, $Qd= 55 – 5P$

Supply equation is given by

$Qs= c + dP When P=$5, Qs = 50 50 = c + 5d Change in Quantity supplied = Change in c + d(Change in P) -5 = 0 + d(-1) d=5 So, c=25$

Therefore, the supply equation is given by,

$Qs= 25 + 5P$

Equilibrium is given by

$Qd=Qs 55 – 5P= 25 + 5P 30=10P P=$3 And Equilibrium quantity is, Q= 55 – 5(3) = 55 – 15 = 40 units.$

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3 years ago

The salesperson for the Big Apple Sign Corporation was trying to get a hardware storeowner to buy a new kind of advertising tool

Mars2501 [29]

Answer:

The answer is: E) modified rebuy

Explanation:

A modified rebuy happens when a company (or an individual consumer) will buy a product or service which it has already purchased in the past. But now the company wants to change either the supplier, the product's specifications or the terms of the sale.

In this case, the store owner had already bought advertising tools before, but not this type.

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4 years ago

Read 2 more answers

Assume the macro islands can produce either 25 fishing boats or 150 jars of guava jelly in one hour. the micro islands can produ

LenKa [72]

Answer:

The correct answer is letter "C": the Macro Islands have a comparative advantage in producing fishing boats, and the Micro Islands have a comparative advantage in producing guava jelly.

Explanation:

Comparative advantage is an advantage an individual, organization or country has to use opportunity costs in their production compared to their competitors. The scenario described above does not imply that the individual, organization or country has an absolute advantage.

In the example proposed:

Comparative advantage of Macro islands in fishing boats = $\frac{25}{150}= 0.17$
Comparative advantage of Micro islands in fishing boats = $\frac{30}{300} = 0.10$

Comparative advantage of Macro islands in jars = $\frac{150}{25} = 6$
Comparative advantage of Micro islands in jars = $\frac{300}{30} = 10$

Thus, the Macro Islands have a comparative advantage in producing fishing boats, and the Micro Islands have a comparative advantage in producing guava jelly.

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4 years ago