Answer: Bureaucratic organization
Explanation:
A bureaucratic organization is an organization with a pyramidal shaped structure thereby decisions are made in an organized manner and there is high formality in its operations. It involves different layers of management from the top executives to managers till it gets to the lower staffs
Authority and decision making generally comes from the top till it gets to lower layers. Examples of bureaucratic organizations can be found in colleges and police departments.
D. All of the above.
Internet allows reaching out candidates from all over the world and at the same time does require you to physically be there for recruitment enabling you to conduct recruitment sessions from office. Further, the resumes and CVs would be sent online requiring no need for physical copies of them.
Answer:
b. 9.75%
Explanation:
When a partner invests in a business, he/she expects to get return on his equity in the business. The major reason for this is to compare his/her return in the partnership business with the return he/she could get elsewhere.
The return on partner equity is calculated by dividing his/her net income from the partnership business by his/her average capital for the period.
The formula is given below:
<u> Net income </u> x 100
Average capital
Average capital = <u>Opening capital balance + Closing capital balance</u>
2
For Carter Pearson, the average capital is =<u> $55,500 + $62,500</u>
2
= $59,000
The return on equity will be: <u>$5,750 </u> x 100
$59,000
= 9.7457
= 9.75% - approximate to two decimal point.
Answer:
Explanation:
The meaning of terms is shown below:
Direct material: The material which is directly related to the production process of the product is known as direct material
Direct labor: The labor who are engaged in production process of the product plus their wages is known as the direct labor
Manufacturing overhead: All the indirect cost related to manufacturing is known as manufacturing overhead i.e depreciation on factory equipment, the salary of supervisor etc
The categorization is given below:
a. Windshield - direct materials
b. Engine - direct materials
c. Wages of assembly line worker - direct labor
d. Depreciation of factory machinery - manufacturing overhead
e. Factory Machinery lubricants - manufacturing overhead
f. Tires - direct materials
g. Steering wheel - direct materials
h. Salary of painting supervisor - manufacturing overhead
The correct answer is B.
A price floor is a policy established by economic authorities that consists on setting a threshold so that the price of a certain product or service cannot decrease under that. It distorts the market outcome when it is larger than the equilibrium price, because the amount supplied at the price floor level would the larger than the amount demanded by consumers and, hence, there is an excess of supply or surplus. Therefore, <u>the market does not clear because the rationing function of prices has been externally influenced. </u>
A price ceiling is a similar policy established by economic authorities. A threshold is set so that the price of a certain product or service cannot increase over it. It distorts the market outcome when it is smaller than the equilibrium price, because the amount supplied at the price ceiling level would the smaller than the amount demanded by consumers and, hence, there is an excess of demand of shortage. Again, <u>the market does not clear because the rationing function of prices has been externally distorted. </u>
<em>A market clears when the equilibrium is reached and the amount supplied equals the amount demanded, so that the desires of both producers and consumers meet. </em>
