Based on McClelland’s Learned Needs Theory, Siddiqi is
likely to be motivated by the need of power. Need of power when high has a
desire of controlling everything and exaggerates their own resources and
position, whereas in low level, it is likely to minimize one’s position and
resources.
Answer:
Annual deposit= $71,428.57 per year
Explanation:
Giving the following information:
You expect to live to 100 and work until you turn 65. You estimate that you will need $100,000 per year.
Every dollar in the plan earns 7% per year.
You have just turned 22 years old.
First, we need to calculate the amount of money necessary in retirement:
Final value= 100,000*35 years= 3,500,000
Now, using the following formula, we calculate the yearly deposit needed:
FV= {A*[(1+i)^n-1]}/i
A= annual deposit
Isolating A:
A= (FV*i)/{[(1+i)^n]-1}
n= 65-22= 43
FV= 3,500,000
i=0.07
A= (3,500,000*0.07)/[(1.07^22)-1]
A= 245,000/3.43
A= 71,428.57 per year
Answer:
This is an example of quality control
Explanation:
A production process usually involves the action of a variety of things that all perform specific functions towards a common goal, usually the production of a finished good or service. This therefor means that a type of management is needed to ensure that all these aspects are handled in such away that the set organizational needs are met. This can be broadly defined as management control. Management control involves the control and operation aspects of a production process to ensure that the organizational goals are met.
One aspect of management control that is very important in the production environment is quality control. Quality control involves the inspection of the production process and the products to determine the quality. The quality of the process and the products is usually measured against set organizational and production standards. This therefor means that if the process or the production quality falls below the standard, then the quality of the product can be said to be low while if the quality meet or surpass the standards then the quality is high.
Quality control helps companies identify areas that need to be improved, thus raising overall product value.
