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ankoles [38]
3 years ago
7

D. Short answer questions:

Business
2 answers:
erma4kov [3.2K]3 years ago
6 0

Answer:

Explanation:

a. Monopoly has no competition so it can charge a higher price and produce less quantity when compared to a perfectly competition.  For a consumer, perfectly competition which provides more goods at a lower price is better.

b. Due to lack of competition, monopoly does not have to be efficient in its resource allocation.  To increase the allocative efficiency, the government can pass regulation to limit price charged and increase quantities of goods produced by the monopoly.

Dennis_Churaev [7]3 years ago
5 0

Answer:

Explanation:

compared 2 perfectly competitive firms, monopoly charges higher price and produces less quantity.

perfectly competitive firms are better for consumer

govt regulation can increase monopoly's efficiency by putting restriction on price n requiring quantity of goods produced.

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When products and services are produced or provided, which function is responsible for ensuring that those products and services
Anvisha [2.4K]

Answer:

The function that is responsible for ensuring that those products and services meet high quality standards are the OPERATIONS

Explanation:

Operations management is the business function which is responsible for managing the process of creation and coordination of goods and services. It involves planning, organizing, coordinating and controlling all the resources needed to produce a company goods and services. And it also ensures that products and services meet high quality standards.

5 0
4 years ago
Use your knowledge of management communications to select the three missing labels from the following image.
dybincka [34]

Answer:

A. Purpose-directed: The communication conducted by the manager must be aligned with the culture and value system of the organization

I'm sure about this one but others I have not idea so far If I get it I'll upload then.

5 0
2 years ago
A) "Tranings are are the most important part of any occupation": justify it​
Dmitrij [34]

Explanation:.

The Importance of Training Employees: 11 Benefits

The Importance of Training Employees: 11 BenefitsFebruary 22, 2021

The Importance of Training Employees: 11 BenefitsFebruary 22, 2021As technology advances and workplace methods and strategies improve, there comes a need for employers and employees to align with these changes in terms of knowledge, skills, values and abilities. One of the best ways to enhance knowledge and skills is through training. Getting employees exposed to relevant and consistent training can help companies improve performance and increase results in the workplace. In this article, we explain the importance of training employees and provide a list of potential benefits.

What is the importance of employee training?

Training is important because it represents a good opportunity for employees to grow their knowledge base and improve their job skills to become more effective in the workplace. Despite the cost of training for employees, the return on investment is immense if it is consistent.

There are several reasons it is important for employers to initiate training programs for their employees, such as:

It improves skills and knowledge

Employee training programs help improve the knowledge and skills of employees to match the various changes in the industry. These improvements will positively affect the productivity of workers, which can increase the profits and efficiency of an organization. Some of the things employees may learn through training include work ethics, human relations and safety.

It satisfies the recommendations of performance appraisals.

When an organization's employee performance appraisals suggest the need for improvement on a particular subject or skill, training programs can be organized for staff members to help satisfy this requirement. Training can therefore address an identified problem area and work toward a solution.

8 0
3 years ago
Read 2 more answers
Give examples if operational conflicts that could occur in a cross- cultural context because of different attitudes towards:1) t
DanielleElmas [232]

The correct answer to this open question is the following.

Give examples of operational conflicts that could occur in a cross-cultural context because of different attitudes towards:1) time, 2) individualism.

Well, let's start with time. In the United States, time is of the utmost importance. There we have the old saying: "Time is money."

In the workplace, everything is based on the smart and efficient use of time. No time must be wasted in the workplace.

Individual effort is important in the American culture, but the team effort, the concept of being a good team player is very important under the following premise: teams can accomplish more than individuals.

What most Americans desire is individual recognition through team effort.

That is why team sports are so good in the United States because they exemplify the way teams function and what they can accomplish. For instance, college and pro football, basketball, and baseball.

The region that has a different approach, is Latin America. This does not mean that is better than the other, just that there are major differences between the two.

The management of time is very different in Latin American countries. It is not as important as the US. People in Latin America approach the concept of time in a more relaxed way. In Latin America, there is a more relaxed approach to time. Nothing is urgent, Things take time. Things are made at a different pace compared to the US.

And regarding individualism, Latin American people tend to prefer to be more individualistic to do things trying to get some recognition, The team concept is not as developed as in the US.

5 0
3 years ago
How does executive compensation can help manage interest over stockholder interest?
sdas [7]

Executive compensation includes benefits such as salaries, perks, incentives, and insurance.

It's hard to read business news without encountering articles about salaries, bonuses, and stock option packages given to CEOs of publicly traded companies. It's not easy to understand the numbers for evaluating how companies are paying their top talent. Investors must ensure that executive compensation works in their favor.

The board, at least in principle, seeks to align management's actions with the company's success through remuneration agreements. The idea is that the CEO's performance adds value to the organization. “Pay for performance” is the mantra most companies use when describing compensation plans.

Most people can support the idea of ​​paying for results, but this concept implies that the CEO takes risks. The CEO's wealth should scale with the company's wealth. When considering a company's compensation program, look at the extent to which management is involved in generating returns for investors.

Learn more about Executive Compensation here : brainly.com/question/14391055

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2 years ago
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