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lora16 [44]
3 years ago
11

Explain one opportunity cost of a private limited company deciding to award a pay increase to

Business
1 answer:
Anuta_ua [19.1K]3 years ago
4 0

Answer:

see below

Explanation:

Opportunity costs represent the sacrificed benefits in a decision. when choosing between alternatives, people can only enjoy the benefits from the chosen option. The advantages from the other alternatives not selected are foregone. The missed benefits from the options not selected are the opportunity costs.

Awarding employees with a pay increase will cost the private limited company money. The company could have spent that money in different other ways. For example, instead of awarding a pay increase, the company could have invested in new modern machinery, invested in shares of another company, or opened another branch. Assuming buying shares was the next best alternative to awarding pay rise, the missed dividends, and capital gains from shares not bought is the opportunity cost.

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Red, Jess, and Frankare coworkers at Crossroad Inc. Having worked at CI for five years now, the three are discussing their caree
joja [24]

Answer:

The correct answer is Normative Commitment.

Explanation:

Normative commitment is defined as a psychological vision of the members of an organization and their attachment to the workplace. Employee engagement is essential to determine if workers will remain for a longer period of time and will do so with the passion necessary to achieve the established objectives.

Knowing the normative commitment helps predict job satisfaction, workforce commitment, leadership distribution, performance, job insecurity, etc. It is important that this be observed from the point of view of management in order to know their dedication to the tasks assigned daily.

8 0
3 years ago
Which nims management characteristic helps to eliminate confusion.
goldfiish [28.3K]
Answer:Chain of command and unity of command help to ensure clear reporting relationships exist and eliminate the confusion caused by multiple, conflicting directives

7 0
2 years ago
You have an opportunity to invest in Australia at an interest rate of 8%. Moreover, you expect the Australian dollar (A$) to app
earnstyle [38]

Answer:

10.16%

Explanation:

The computation of the effective return for this investment is shown below:

Let us assume that we invested an amount in Australian dollars 100

The return is 8%

After one year, the amount is 108

Now the converting amount is 110.16 (108 × 102%)

Now the effective rate for this investment is

= 110.16 - 100

= 10.16%

7 0
4 years ago
When the price of a good rises, consumers buy a smaller quantity because of the ________ effect and the ________ effect?
VladimirAG [237]
When the price of a good rises, consumers buy a smaller quantity because of the substitution effect and the income effect.  A change in the relative prices of goods results in change in consumption of that goods and that is denoted as the substitution effect. T<span>he change in purchasing power on the other hand which also result in change in consumption is referred to as the income effect.</span>
4 0
4 years ago
Microsoft and Intel are two companies that illustrate the concept of "bargaining power of suppliers" in Porter's five forces mod
Tasya [4]

Answer:

True

Explanation:

Intel is a major computer hardware supplier in the world, and its friend Microsoft buys hardware parts from them which it uses in manufacturing computers such as processor chips.

In respect to the bargaining power of suppliers in Porter's five forces model of industry competition, Intel acts as a supplier to Microsoft. And because of Intel's bargaining power like its market dominance and limited competitors, it can set prices which the–Microsoft has no choice but to purchase.

4 0
3 years ago
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