Romero Inc.manufactures paper products from 100 per cent recycled scrap.One set of workers at Romero Inc.has the full-time job o
f sorting scrap as it enters the facility.If the scrap is not sorted properly, the manufacturing process creates defective paper.The quality of sorting is regularly monitored by checking the quality of the paper products, and necessary instructions are given to the scrap sorters.Which of the following aspects of the job characteristics approach is high for the scrap sorters' job? A) Skill variety
B) Task identity
C) Autonomy
D) Task significance
E) Feedback
Collateral is an asset used as a guarantee or security for the payment of a loan. It assures the lender that a borrower will pay back the loan.
If an entrepreneur applies for a business loan, the bank will most likely demand collateral. The entrepreneur will need to offer an asset, either property or motor vehicle, that will act as a guarantee for the loan. Should the entrepreneur fail in repayment, the bank can sell the asset to recover their money.
Few, if any, will lend anyone money based on a business idea alone. Many banks will demand a business proposal to be backed with some guarantee to secure funding.
<span>The marketing director for zap games, a video game company, has informed his employees that he feels the company needs to improve its relationship with the distributors of the company's products because the distributors are part of the task environment for zap games. he believes that a stronger relationship with distributors will lead to more market share, and higher profits, for both zap games and its distributors.</span>
The invisible hand theory states that the <u>wealth of nation</u>is dependent on the activity of interacting in free markets.
<h3>What is invisible hand theory?</h3>
This refers to the tendency of the market prices to direct an individuals into pursuing their own self interests into productive activities which consequently promote economic well-being of society.
Hence, the invisible hand theory states that the <u>wealth of nation</u>is dependent on the activity of interacting in free markets.
