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nata0808 [166]
3 years ago
11

Why do you think L.L. Bean empowered its employees to make independent decisions that ultimately have financial consequences?

Business
1 answer:
postnew [5]3 years ago
4 0

Answer:

(Note please, the background of L.L. Bean was not stated. I am answering on a general note.)

L.L. Bean empowered its employees to make independent decisions that ultimately have financial consequences so as to save time needed to consult superior authorities for directions.

Explanation:

In the course of business, some customers might have needs and inquiries that have to be responded to on the spot so that they do not lose their patience and move to other competitors.

When an organization empowers its employees to make independent decisions that might affect the company financially, it is in a bid to serve the customers better by saving their time. This also instills trust and confidence in the company because the employees are knowledgeable of their services.

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The reason Lin has been so successful in expanding her small auto body shop into a very profitable business with three locations
stealth61 [152]

Answer:

A. Machine

Explanation:

There are various categorisations of entrepreneurs based on their characters, abilities and strategies among others. However,the founder institute developed a new categorisation for entrepreneurs by testing about 30,000 entrepreneurs including known names like Steve Jobs and Elon Musk and categorising them based on their priorities and qualities into the following: Hustler, Prodigy, Visionary, Innovator, Strategist and Machine.

Machine Category: This represents entrepreneurs who maintain a high level of focus getting things done. They simply focus on the task ahead of them and get them done. They are very concerned about efficiency and effective delivery of their tasks. Lin simply became very good at what she was doing by being dedicated to the tasks ahead of her.

Other Categories

Hustlers- they can sell anything and get into the promotion and sales of all manner of products and services

Prodigy - The excel in business with innate business instinct and sense, their strong intellects and social skills ensures their success

Visionary - Combines innovation with enthusiasm and is capable of carrying the masses along in these innovations as a result of the energy committed

Innovator- Always looking forward to improving on old ideas and find new ways of doing things. They are challenged by change

Strategist- Always looking at how to achieve long term goals, very tactical and calculating.

8 0
3 years ago
Discuss the pros and cons of four performance appraisal tools​
Tresset [83]

Answer:

Pros and cons are for every method listed below. A person can only see his strength and power during self assessment and he may ignore all his mistakes as it can be his over confidence in himself. Graphic rating may be disappointing as many employees can get same rating and there will not be any difference among them in the pay rise.

Explanation:

There are four major performance appraisal tools

1. Self assessment

2. Graphic Rating

3. Behavioral Checklist

4. 360 degree feedback

5 0
2 years ago
Memorial Hospital CEO conducts performance reviews of the hospital's departments and discovered that the average cost of deliver
lora16 [44]

Answer:

Memorial Hospital

From the information on how much the hospital is losing on deliveries, the change in profit for each extra delivery is:

= 16.3%.

Explanation:

a) Data and Calculations:

Average cost of deliveries = $5,000

Average revenue per delivery = $4,300 ($5,000 - $700)

Loss on each delivery = $700

The change in profit for each extra delivery is

= 16.3% ($700/$4,300 * 100)

b) The implication of the above information is that the hospital is losing 16.3% each time it performs a delivery because it cost it $5,000 while it can only receive $4,300 from each patient delivered.

4 0
2 years ago
Prepare a 2019 individual tax return using the following fact pattern. Compute net tax payable or refund due for Alice and Bruce
Lana71 [14]

Answer:

Oof thats a long question.

Explanation:

4 0
2 years ago
Which of the following is a fixed cost?
Mice21 [21]

Answer:

The answer is d. payment to hire a security worker to guard the gate to the factory around the clock.

Explanation:

Let re-visit to the concept of Fixed cost before applying to the questions.

Fixed costs are costs which are unchanged given changes in production level.

a. payment to a electric utility is not fixed cost because higher level of production required higher electricity consumption which leads to higher cost of electricity.

b. cost of raw material is not fixed cost because the higher the production level, the higher the raw material required for production.

c. wages to hire assembly line workers is not fixed cost because the higher the production level, the more workers required and the higher the wages will be.

d. payment to hire a security worker to guard the gate to the factory around the clock is fixed cost because regardless of the production level, the security worker will work for the same amount of time and receive the same level of payment as his workload is much likely to remain the same.

So, d is the correct choice.

3 0
3 years ago
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