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3 years ago

Name at least 2 challenges and at least 2 opportunities for managers in using Organizational Behavior (OB) concepts?

Business

1 answer:

Svetllana [295]3 years ago

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Answer: Improving Peoples’ Skills

Improving Customer Service

Explanation:

Two challenges and opportunities for managers in using Organizational Behavior (OB) concepts are;

Improving Peoples’ Skills

Improving Customer Service

Improving People's skills would be seen as seeing the people develop in various field and sector where they are performing and an avoidance of this affects the growth of the organization.

Improving the customer service improves the face of the business, once this is catered for, it gives a good reputation about the company.

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Last year, Max bought 6 pairs of athletic shoes when his income was $35,000. This year, his income is $42,000, and he purchased

Harlamova29_29 [7]

Answer:

4. Considers athletic shoes to be normal goods.

Explanation:

A normal good is a term used to describe a product or service whose demand increases as consumers' income increases. The quantity demanded of a normal good also increases if the economic conditions in a country improve. Goods or services that consumers view to be of a high utility value adopts the behavior of normal goods.

Max considers athletic shoes as normal goods. He regards them to be of high utility value. An increase in income makes him buy more of the shoes. Normal goods are contrasted by inferior goods whose demand decline as people's incomes increase.

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4 years ago

St. Jude Medical makes cardiovascular medical devices, including the world's most widely used mechanical heart valve. Its produc

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Answer:

Advantage in competition. ( competitive advantage)

Explanation: Whenever a hospital is more equipped or fully equipped with tools, machines, and any other factor that favors the saving of lives, that hospital will mostly have the upper hand in competition against it's rivals. It is safe to say a heart patient who is facing a life threatening situation would rather be taken to such a hospital for quick response to save their lives. A hospital less equipped with these kind of machines , especially those needed in critical moments like defibrillating someone who is experiencing cardiac arrest, will less likely be a first choice to treating patients of these nature. In critical moments like these a hospital better equipped will always be the first choice, disregarding other factors like cost. Now distance could be critical, but again, almost always if the distance is not too long then the better equipped gets the patients.

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3 years ago

Read 2 more answers

. Identify the problem-solving techniques used by TCL Motivate your answer by quoting from the scenario above

Volgvan

Answer:

At its core, problem solving is a methodical four-step process. You may even recall these steps from when you were first introduced to the Scientific Method.

First, you must define the problem. What is its cause? What are the signs there's a problem at all?

Next, you identify various options for solutions. What are some good ideas to solve this?

Then, evaluate your options and choose from among them. What is the best option to solve the problem? What's the easiest option? How should you prioritize?

Finally, implement the chosen solution. Does it solve the problem? Is there another option you need to try?

Explanation:

Creative Problem Solving Techniques

Separate ideation from evaluation. When you brainstorm creative ideas, have a separate time for listing it all down. Focus on generating lots of ideas. Don't prioritize or evaluate them until everything is captured.

Judging will shut it down. Nothing stops the flow of creative ideas faster than judging them on the spot. Wait until the brainstorming is over before you evaluate.

Restate problems as questions. It's easier to entice a group into thinking of creative ideas when challenges are stated as open-ended questions.

Use "Yes and" to expand ideas. Here's one of the basic tenets of improv comedy. It's way too easy to shut down and negate ideas by using the word "but." (i.e. "But I think this is better...") Avoid this at all costs. Instead, expand on what was previously introduced by saying "Yes, and..." to keep ideas flowing and evolving.

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3 years ago

On September 1 of the current year, a bank lends $1,600 to a company; the note principal and $192 ($1,600 × 12 percent) annual i

SVETLANKA909090 [29]

Answer and Explanation:

Revenue recognized - $192. Revenue title - "Interest revenue" This is answered considering that the bank follows accrual basis of accounting. Therefore, as the bank has earned the interest by lending to the company, it can recognize the interest revenue. And as it is a bank, the interest revenue would be shown under the "Revenue" section as its main business is lending. The principal will not be revenue at all as it is an Asset and will be regarded as Accounts Receivable.

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3 years ago

Tammy, a resident of Virginia, is considering whether to purchase a $100, 000 North Carolina bond that yields 4.6% before tax. S

Degger [83]

Answer:

A. Virginia Bond: $4,500

North Carolina Bond: $4,451

B. Virginia Bond

Explanation:

A. Calculation to Determine the after tax income for Virginia Bond

Using this formula

After tax income for Virginia Bond=Face value*Virginia bonds of comparable risk

Let plug in the formula

After tax income for Virginia Bond=$100,000*4.5%

After tax income for Virginia Bond=$4,500

Calculation to Determine the after tax income for North Carolina Bond

Interest income before tax $4,600

(100,000*4.60)

Less State marginal tax ($230)

(5%*$4,600)

Interest income net of state tax $4,370

($4,600-$230)

Add Federal marginal tax $81

(35%*230)

After tax income for Noth Caroline Bond $4,451

Therefore the the after tax income from each bond will be:

Virginia Bond: $4,500

North Carolina Bond: $4,451

B. Based on the above calculation the options that will provide the greater after-tax return to Tammy will be VIRGINIA BOND reason be that it has high After tax income of the amount of $4,500 compare to Noth Caroline Bond which has After tax income of the amount of $4,451.

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3 years ago