According to functional job analysis, all jobs require workers to interact with data, people, and things. There are different ways to conduct a functional job analysis, but these ways measure workplace roles through established scales. These scales are usually categorized into seven categories: data, people, things, instruction, reasoning, math, and language.
Functional job analysis is the practice of examining job requirements and assigning a suitable candidate for that job or examining a candidate's qualifications and skills and assigning a suitable job to that candidate. It also works in reverse by not matching the wrong candidate with the job or vice versa. An obvious example is not hiring someone with no hands to do any job that requires lifting things. With only two types of jobs in a small business, this is not a difficult proposition. In a large company with thousands of people doing hundreds of different jobs, it can become a Gordian knot. It is up to the functional job analyst to become Alexander with the sword.
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The degree of risk is associated with the probability or magnitude of loss. The given statement is true.
The area of mathematics known as probability deals with numerical representations of the likelihood that an event will occur or that a statement is true. An event's probability is a number between 0 and 1, where, roughly speaking, 0 denotes the event's impossibility and 1 denotes certainty.
Simply put, probability is the likelihood that something will occur. When we don't know how an event will turn out, we can discuss the likelihood or likelihood of several outcomes. Statistics is the study of events that follow a probability distribution.
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Answer:
(a) $500
(b) $620
(c) $180
(d) $72
Explanation:
Explicit costs refers to the which are incurred during running the business and these costs affects the profitability of the company.
Implicit costs refers to the opportunity cost of selecting some other alternative.
(a) Here, the explicit cost is the cost of purchasing materials = $500
(b) If I rent an electric saw, then the explicit cost is as follows:
= Purchasing cost of material + (Rent × No. of hours to build ramp)
= $500 + ($20 × 6 )
= $500 + $120
= $620
(c) If I use a handsaw, then the implicit cost is as follows:
= Hours to build ramp × A job pays $12 per hour
= 15 × $12
= $180
(d) If I rent an electric saw, then the implicit cost is as follows:
= Hours to build ramp × A job pays $12 per hour
= 6 × $12
= $72
Answer:
$258,000
Explanation:
Data given in the question
Salary paid on annual basis to onsite supervisor = $94,000
Salary paid on annual basis to one salaried estimator = $52,000
Two administrative assistant salaries $56,000 and $40,000
Salary of the president = $162,000
So, by considering the above information, the common fixed expense is
= Administrative salaries for one + administrative salaries for another + president salary
= $56,000 + $40,000 + $162,000
= $258,000
Answer:
0.259
Explanation:
difference in loan loss allowance in the year= 4.5-4.2= 0.3m
difference in non performing loans in the year= 6.2-5.8= 0.4m
Provision for loan loss= (difference in loan loss allowance + difference in non performing loans)/ net charge offs
provision for loan loss= (0.3+0.4)/2.7=0.259
