Answer: Planning
Explanation: Planning refers to the function of management that focuses on setting future goals and procedures to achieve those goals. This is a highly critical process and is performed by the senior most managers of the organisation.
In the given case, the management is trying to assess whether they should shift the production process or not. Thus, they are deciding for the procedure to be performed in production process.
Hence we can conclude that they are performing the planning function.
having a few transit tickets on hand
Answer:
The correct answer is d. management science.
Explanation:
The administration and management sciences, should not be confused with administration and management practices, constitute an autonomous body of knowledge that aims to clarify the collective behavioral actions of organized human groups, which result in the creation of companies, associations, administrations, etc. The administration and management sciences are action and decision sciences, which are supported and articulated in numerous disciplines of the exact sciences and human sciences.
The administration and management sciences group disciplines such as finance, human resources, marketing, accounting, information systems, logistics, entrepreneurship, organizational theory, business strategy, marketing strategy, etc.
Answer:
As the question was not complete. I have attached the complete question in the attachment. Please refer to attachment.
Explanation:
<em>By using, LD = 95- 3w and w1 = 7.25 and w2 = 9. We get,
</em>
<em>LD1 = 95-3(7.25) = 73.25
</em>
<em>LD2 = 95-3(9) = 68
</em>
Elasticity = Change in labor demand/ change in wage rate = ((68- 73.25)/ 73.25)/ ((9-7.25/7.25)) = -0.33
The 11 percent change in the wage rate causes, 33% change in labor demanded, as shown by the elasticity, the labor demand decreases with increase in wage rate.
