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4 years ago

" The capable manpower is the key factor of any vocation ". Justify this statament with suitable examples .

Business

1 answer:

irakobra [83]4 years ago

4 0

Explanation:

The skilled workforce is related to the set of skills and knowledge that an individual has accumulated and that enables him to perform some function with technical knowledge and effectiveness.

The vocation can be understood as a personal inclination for the individual to choose to pursue a profession.

Therefore, vocation and training are related in the sense that when there is a vocation, there must be training for it to be legitimized.

An example of skilled labor can be the workforce in a civil construction, where each resource and technical skills must be employed in order for the final work to take place as planned in a safe and effective manner.

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The logical sequence of the phases of a business cycle is: ____________

koban [17]

Answer:

phases in the sequence of Recession, trough, expansion and Peak

Explanation:

we know that 4 phases of a business cycle are

peak and downturn (recession) and trough and upturn (expansion)

top of cycle is called peak

and boom is a very high peak

recession where conomic activity is falling from the peak

and when decline persist for more than 2 consecutive quarters that is recession

and The bottom of the recession is trough

so we know business cycle is a economic model that describe fluctuation in economic activity

and that includes production of goods and service and business cycle go through its phases in the sequence of Recession, trough, expansion and Peak

7 0

4 years ago

A company produces 300 microwave ovens per month, each of which includes one electrical circuit. The company currently manufactu

kolbaska11 [484]

Answer:

True

Explanation:

There is 300 production per month

Contract cost = 34

Variable cost = 28

Fixed cost per month per unit = 6000/300=$20

total in house cost / unit 48

=300* (48-34) =$ 4200.

Outsourcing of production by the of the circuit by the controller if it reduces fixed cost more than $1,800 per month is true

5 0

3 years ago

Read 2 more answers

____________ party fails to perform certain express or implied obligations, which impairs or destroys the essence of the contrac

just olya [345]

Answer:

Inferior performance is when a party fails to perform certain express or implied obligations, which impairs or destroys the essence of the contract.

Explanation:

A contract is an agreement expressed in writing or spoken statement between two or more parties that is intended to be enforceable. The contract by the parties usually involves the agreement by one party to provide a service or good in exchange for some compensation. A contract is recognized by law and therefor should be taken seriously, however there are cases when conflict arises due to performance issues on the part of a particular party. The performance issues are;

1. Complete performance

It is also known as strict performance and involves when a party to a contract renders the service exactly as agreed in the contract. The party that the service is rendered to is always satisfied in a complete performance situation.

2. Substantial performance

In this case, a party to the contract has delivered almost complete performance as stipulated by the contract. A substantial performance usually involves a minor breach that can be overlooked.

3. Inferior performance

An inferior performance is an outright breach to the express and implied contractual obligations. This type of performance destroys the very essence of the contract. This usually comes with legal implications to the party whose performance is inferior.

3 0

4 years ago

What is the first step in effective time management

GREYUIT [131]

Answer:

The answer is Planning ahead.

Did some research :)

Planning your day ahead is the first and most crucial step towards effective time management. Because each hour you spend planning saves you 10 hours of doing. So, instead of jumping into your workday with no clear vision, devote some time to time management: think ahead of the activities you need to engage in.

3 0

4 years ago

Madison Corporation's production cycle starts in the Processing Department. The following information is available for April: Un

Nastasia [14]

Answer:

Equivalent units = 270,000

Explanation:

Under the weighted average method of valuation, to account for completed units, it is assumed that the entire degree of work required is done in the period under consideration. So there is no separation of the completed units into opening inventory and fully worked.

Completed Units= total units in process during April - Closing WIP

= 280,000 - 25,000 = 255,000

Note that the description 'total units in process in during April', implies that the opening inventory is inclusive in the figure of 280,000.

Equivalent units = degree of completion(%) × units

Item Equivalent units

Completed units 255,000 255,000× 100% = 255,000

Closing work in progress 25,000 25,000× 60% = 15,000

Total equivalent units 270,000

Equivalent units = 270,000

6 0

3 years ago