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3 years ago

Which of the following is an example of transparency?

Business

1 answer:

LenKa [72]3 years ago

7 0

Answer:

Explanation:

The project manager is being transparent in this case by posting project information, scheduling, etc. so that it may be accessible to everyone on the team, not hiding anything or making anything exclusive and excluding specific people

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A manager of a perfectly competitive firm observes that the marginal product of labor is 5 units per hour, the marginal product

oksian1 [2.3K]

Answer:

The manager should hire more labor and rent less capital.

Explanation:

Given:

MPL = Marginal product of labor units per hour = 5

MPC = marginal product of capital units per machine = 40

PL = Wage per hour = $20, or 20

PC = Rental price of capital per machine = $120, or120

Po = Price of output per unit = $5

The condition for the profit maximization for a firm is as follows:

MPL / PL = MPC / PC ……………………………. (1)

From equation (1), we have:

MPL / PL = 5 / 20 = 0.25

MPC / PC = 40 / 120 = 0.33

Since 0.25 = MPL / PL < MPC / PC = 0.33, it implies that these conditions are NOT consistent with equation (1).

In order to maximize profit, more labor should be hired while less capital should be rented until these conditions are consistent with equation (1).

Therefore, we have:

To maximize profit, the manager should hire more labor and rent less capital.

3 0

3 years ago

The emergency planning process includes the following steps:

Mkey [24]

Answer:

Determine goals and objectives.

Explanation:

Emergency planning describes the different steps and procedures that should be carried out in a work environment to prevent accidents.

An emergency planning shows how commuted an organization is towards the safety of the employees. An emergency plan contains different measures that provides a level of safety for the workers and the facilities of the company.

The main objectives of emergency planning is to reduce the level of injuries and fatalities among the workers, and to also protect the working environment and community as a whole.

A good emergency planning process is very important to ensure the smooth running of the day to day activities in the company.

3 0

3 years ago

Benny asked his marketing team to research and collect data regarding the demographics of people residing in the state of Califo

anzhelika [568]

Answer:

C, Management Information System

Explanation:

5 0

4 years ago

Joe sold gold coins for $1,000 that he bought a year ago for $1,000. he says, "at least i didn't lose any money on my financial

solniwko [45]

The economist's analysis in the scenario painted above incorporates the idea of OPPORTUNITY COST.
Opportunity cost refers to a value or a benefit which must be given up in order to enjoy or acquire another benefit. Because resources are scarce, one always has to make decision about how to use one's resources efficiently. In the scenario given above, Joe had the opportunity to put his money in a fixed deposit account or to use it to buy gold coins; he choose the latter given up the former. Thus, the former, which he gave up is his opportunity cost.

3 0

3 years ago

Read 2 more answers

Macmillan Toys Inc. is located in the nation of Ruffino near the nation of East Fenwick. Macmillan Toys is considering expanding

Lilit [14]

Answer: Political Distance

Explanation:

Political distance refers to a difference in opinion and policies as well as relations that countries have amongst themselves. In this scenario, this is the most likely bone of contention that would prevent Macmillan Toys from expanding into Rusalka.

This is because land disputes fall under political distance and can get very serious. So serious in fact that nations have gone to war over such disputes with the latest being Azerbaijan and Armenia. Macmillan Toys may therefore find it difficult to expand into the country due to this land dispute.

4 0

3 years ago