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tresset_1 [31]
3 years ago
11

What are some of the reasons that work teams have become more prevalent in todayâs organizations? How do they provide a competit

ive advantage?
Business
1 answer:
iris [78.8K]3 years ago
3 0

Answer: working as a team sets up organizations for outstanding success and Improvement of team members

Explanation:

Working as a team has been a great help for most organizations. It's been realized that success experienced by many firms has been a result of what the teams accomplished when they worked together on a project, here are some reasons why they become prevalent;

1) Unity is being fostered within their activities, everyone is able to understand each other and know how to cooperate with the other

2) Productivity and efficiency is usually on the high as teams that work together put in a lot of energy to be productive in many efficient ways

3) There is an opportunity to learn from the group, thereby improving the skills of everyone on the group

They provide a competitive advantage when they work together, with everyone's effort, progress, success and achievement's are bound to occur.

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Record adjusting journal entries for each of the following for year ended December 31. Assume no other adjusting entries are mad
elena-s [515]

Answer:

1. Dr Account receivable $20,500

Cr Service revenue $20,500

2. Dr Interest receivable $450

Cr Interest revenue $450

3. Dr Account receivable $1,420

Cr Service revenue $1,420

Explanation:

Preparation of the adjusting journal entries for each of the following for year ended December 31.

Based on the information given the adjusting journal entries for each of the following for year ended December 31 will be :

1. Dr Account receivable $20,500

Cr Service revenue $20,500

(Being to record Accounts Receivable)

2. Dr Interest receivable $450

Cr Interest revenue $450

(Being to record Interest receivable)

3. Dr Account receivable $1,420

Cr Service revenue $1,420

(Being to record Accounts Receivable)

5 0
3 years ago
Last month, sellers of good Y took in $100 in total revenue on sales of 50 units of good Y. This month sellers of good Y raised
nekit [7.7K]

Answer:

Option c = They are Substitutes and have cross price elasticity of 1.67

Explanation:

Cross-Price Elasticity = <u>%change in Quantity demanded of  good X</u>

                                      %change in Price of good Y

% change in Quantity Demanded of good X = <u>Q2-Q1  </u> × 100

                                                                            (<u>Q1+Q2)</u>

                                                                                2

% change in Quantity Demanded of good X =<u> 40-20 </u> ×100

                                                                            <u>(20+40)</u>

                                                                                 2

% change in Quantity Demanded of good X = 66.67%

% change in price of good Y = <u>P2-P1</u> × 100

                                                  <u> ( P1+P2)</u>

                                                       2

Last month Total Revenue = $100

Total Units = 50

Last month Price / unit = 100/50 = $2

This Total Revenue $120

Total units 40

This monthPrice / unit = 120/40 = $3

% change in price of good Y=<u> 3 - 2     </u>× 100

                                                    <u>3+2</u>

                                                      2

% change in price of good Y =<u> 1   </u>× 100

                                                  2.5

% change in price of good Y = 40%

Cross-Price Elasticity =<u> 66.67</u>

                                        40

Cross- Price Elasticity = 1.67

Since its greater than 1 its Cross price elasticity of Substitute

also as the price of good y increased from $2 to $3 the quantity demanded of good x increased although its price remained constant which indicates its a substitute good as  people preferred buying good x instead of good y

6 0
3 years ago
Rank the five following levels of post secondary education based on the average yearly income .
mr Goodwill [35]
What’s your question? I don’t see the options...
7 0
3 years ago
Would the management of a firm in an oligopolistic or in a competitive industry be more likely to engage in what might be called
sp2606 [1]

Answer: Companies in perfect competition do not usually apply "socially conscious" practices because their cost-benefit relationship does not justify it.

Generally, the administration of an oligopolistic company will carry out "socially conscious" practices, because this differentiation between the other companies would lead to higher than normal profits.

6 0
3 years ago
the financial system consists of financial _____, such as commercial banks, and financial markets, such as the stock market.
vazorg [7]

The financial system consists of financial intermediaries, such as commercial banks, and financial markets, such as the stock market. This is further explained below.

<h3>What are financial intermediaries?</h3>

Generally, financial intermediaries are simply defined as Banks, building societies, and unit-trust companies are all examples of financial intermediaries.

In conclusion, Institutions like commercial banks and marketplaces for trading financial instruments like stocks and bonds make up the financial system.

Read more about financial intermediaries

brainly.com/question/2494552

#SPJ12

5 0
2 years ago
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