Answer:
The contract produced savings of $3,250
Explanation:
Calculation to determine the economic substance of the futures contract
First step is to calculate the Increased in price of diesel fuel
Increase in diesel fuel price=$3.50/gallon to $3.85/gallon
Increase in diesel fuel price=.35/gallon
Second step is to calculate the amount saved by the firm
Amount saved=$0.35 × 10,000 gallons
Amount saved=$3,500
Now let determine the economic substance of the futures contract
Futures contract economic substance=$3,500 − $250
Futures contract economic substance=$3,250
Therefore the economic substance of the futures contract is $3,250
Answer:
Scientific Management.
Explanation:
Scientific management is a approach to implement science in the management activities to improve economic efficiency and productivity of the industry. It was first introduced by Mr Frederick Taylor in 1911. These new scientific principle have replaced conventional hit and trail method and rule of thumb method which made work easier for management and worker to perform well. Scientific management have also brought co-ordination between worker and manager.
There are four principle of scientific management by Mr Frederick Talor:
- Replacing orthodox rule of thumb method with scientific method work.
- Instead of using "Hit and trail" approach for worker recruitment, scientific approach need to be implemented as selecting, training and developing worker to work effeciently.
- There should be proper coordination between worker and manager to get smooth workflow.
- Work should be equally divided between managers and worker to motivate and get optimum productivity.
Answer:
The answer is option B) The 6-x-6 rule means that each slide has no more than six words per line and no more than six lines.
Explanation:
Using slides to present has become a widespread practice for teaching, making a speech, giving an address, etc.
However, the effectiveness of the presentation is dependent on how clear the words projected on the screens are, the color coding as well helps for aesthetics.
The 6-x-6 rule helps to correct the error made by presenters whose slides are packed with too many words making their presentation ineffective.
For effective presentation slides, you should apply the 6-x-6 rule to most slides.
This presentation rule suggests that you should include no more than six words per line and no more than six bullet points per slide.
The goal is to keep your slide from being so dense and packed with information that people don't want to look at it
