Market equilibrium means that companies set prices where marginal revenue equals marginal cost.
Perfect competition would lead to lower prices than any other market type.
Answer:
<em>The process of getting, training, appraising, and compensating employees, and of attending to their labor relations, health and safety, and fairness concerns is known as Human Resource Management.</em>
Explanation:
<em>(1) Human Resource Management </em>is basically the management of the processes from start to end with respect to the people thought to be a part of the organization in the near future. The starting processes include <em>getting,</em> <em>training and compensating </em>people also and the end processes include <em>compensating employees, attending to their labor relations, health and safety and fairness concerns.</em>
<em>(2) Human Resources </em>i.e. the people<em> </em>are the biggest asset of an organization and thus are referred to as <em>Human Capital. </em>Their good management can make the smaller businesses rise to bigger businesses. The objectives of the organisation and the human resources should move side by side in, so that both the organisation and the people in it can prosper.
Hence, we can say that <em>human resource management is the key which makes differences between a successful organization and a failed organization possible. </em>
<em></em>
Answer:
a.
7.22%
Explanation:
The computation of the return on total assets is shown below:
= Net income after taxes ÷ total assets at the end of the last year
= $22,750 ÷ $315,000 × 100
= 7.22%
Hence, the return on total assets is 7.22%
Therefore the correct option is a.
Answer:
4
Explanation:
The computation of the process capability index is shown below:
Data provided in the question according to the question is as follows
USL = 27
LSL = 21
X = (21 +27) ÷ 2 = 24 (take the average)
Standard Deviation: 0.25
After placing the above values, the process capability index is 4
hence, the process capability index, if they were to center the mean is 4
