If people have a high degree of organizational commitment one is more likely to want to stay with their current company.
Organizational commitment means the connection or the bond that the employees have with their organization or the employer. It all depends upon their psychology that more attachment they have with their employer or the organization more will they want to stay in it.
It defines different variables such as the job performance of the employees, turnover of the company or the employee employer relationship.
A model of commitment was given by Meyer and Allen in which they defined three types of commitment:
Affective commitment
Continuance commitment
Normative commitment.
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The appropriate response is deregulation. Deregulation, the omission of some administration controls over a market, it permitted or constrained firms to contend by dispensing with many value controls and obstructions to section. The objective of deregulation is to promote competition.
Answer:
Timidity and lack of self initiative drive
A cost incurred in the past that is not relevant to any current decision is classified as a(n): Sunk costs
This is further explained below.
<h3>What are
Sunk costs?</h3>
Generally, A cost that has already been incurred but cannot be recouped is referred to as a "sunk cost" in economics and the process of making business decisions. In contrast to sunk costs, prospective costs are future expenses that might be avoided if action is done, while sunk costs have already been incurred.
In conclusion, A cost that was incurred in the past but is not relevant to any choice that is being made at this time is considered to be a(n): Incurred expenses
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Answer:
Invest. Cash Flow Payback
-$1,675 $570 2,94
-$3,275 $570 5,75
-$4,800 $570 8,42
Explanation:
The payback period method gives the total time necessary to get back the money invested in a project considering the each year cash flows.
As here the Cash flow are the same each year only it's necessary to divide de amount invested by the annual cash flow expected.
Invest. Cash Flow Payback
-$1,675 $570 2,94 = $1,675/$570
-$3,275 $570 5,75
= $3,275/$570
-$4,800 $570 8,42
= $4,800/$570
