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2 years ago

Discuss any four ways in which Specialization has

Business

1 answer:

pishuonlain [190]2 years ago

4 0

Answer:

Specialization has helped in these four ways:

1. Has created economics of scale in Nigeria, which improve economic efficiency and increase output while reducing average costs at the same time.

2. Has improved the agricultural sector, which continues to be very important for the Nigerian economy.

3. Has helped bring the electrification of the country.

4. Has helped raise the standard of living in the country, because in general terms, the larger the economy, the higher the standard of living.

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Two successful firms are observed with quite different compensation plans for their salespeople. One firm pays its salespeople o

cricket20 [7]

Answer:

Salary and Commission compensation benefit has its pros and cons. However, The Company that adopts Salary Compensation benefit might be making a mistake.

Explanation:

If you pay salesmen a straight salary, some may have limited motivation to exceed basic expectations. However, commission based remuneration is pro performance in that drive salesmen to set more aggressive goals, work through obstacles and rejection to meet their target for a particular period.

Businesses that pay fixed salaries incur higher overhead costs because you have to pay whether you are making profits or not. But the case is different in Commission based compensation benefit where the risk is shared and commission is only paid when money is made.

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3 years ago

Read 2 more answers

Jessica does not believe that the methods and processes for determining salary increases in her company are fair. As per this ex

krok68 [10]

Answer:

Procedural justice

Explanation:

Procedural justice is centered on the idea that there should be fairness in the process used in making decision or resolving disputes in a transparent way without being impartial, to ensure the process brings out the right outcomes.

Jessica believes that there’s a problem with the firm’s procedural justice as she believes her firm’s process and methods in determining increase in her salary is not fair enough.

8 0

3 years ago

A _______ can illustrate your achievements that are difficult to display in a cover letter or resume.

alexira [117]

Answer: portfolio

Explanation:

7 0

3 years ago

Janice has two sons, Jerry and Barry. Janice is responsible for picking out what cereal Jerry and Barry will eat. Her husband, H

3241004551 [841]

Answer: Decider

Explanation:

Janice functions as a decider her family, where she decides the kind of cereal her children would consume. A decider is simply a person in charge of making decisions on an issue.

5 0

3 years ago

Bill has been adding funds to his investment account each year for the past 3 years. He started with an initial investment of $1

Nookie1986 [14]

Answer:

2.96% will be effective rate of the investment

Explanation:

First year:

1,000 x 1 + 10%) = 1,100

Second year:

1,100 + 3,000 = 4,100 invesmtent balance

4,100 x (1 - 5%) = 3,895

Third year:

3,895 + 2,000 = 5,895

5,895 x (1 + 2%) = 6012.9

Fourth year:

6012.9 + 500 = 6512.9

6,512.9 x (1+ 8%) = 7033.932

We calcualte rate that is equivalent with the following cash flow:

$1,000 (1+r)^4 + 3,000 (1+r)^3 + 2,000(1+r)^2 + 500(1+r) = 7,033.93$

We solve using excel goal seek

0.029646151

6 0

3 years ago