Answer:
Explanation:
a person's regular occupation, profession, or trade which he/she is doing regularly in his/her daily life.
Answer:
The correct answer is number (3): in developing relevant information for management decisions.
Explanation:
Incremental analysis is a study firm makes to allocate resources efficiently. It can be used at the moment of comparing the costs of different products to be manufactured to select the lowest that provides more benefits. Incremental analysis can also be implemented at the moment of identifying how a scarce resource should be used ensuring it brings the highest returns possible.
Incremental analysis, also known as differential or marginal analysis, helps managers to make more informed decisions, then.
Answer:
Expert power.
Explanation:
Expert power is defined as the use of a perceived expertise in a field to get a surbodinate to follow instructions.
The subordinate in this case has a perception that the manager has superior knowledge and skill in a particular activity, and they can gain from this expertise.
For more specialised tasks there is tendency to depend on experts that can guide the surbodinate in job execution.
In this scenario Gerald has expert power because of his experience and skill.
Other workers and even the CEO depend on him for opinion on important matters.
Answer:
The correct answer is option D. An organization in which most decision-making authority is held by upper-level management
Explanation:
A centralized organization is an organization in which the decisions are strictly made by the top level management. Lower lever employees do not have the authority to make any decisions for the business without a go ahead from the top level.
For example a clothing store with multiple branches has a head office that makes the decisions for all the stores instead of the branch managers.
Answer:
Planned Aggregate Expenditure equals <u>290 + 0.75Y</u> and the short run equilibrium output equals <u>1,160</u>.
Explanation:
Autonomous spending basically covers essential needs, e.g. housing expenses, food, clothing, etc., and is not affected by the marginal propensity to consume (MPC).
so consumption must equal: C = 100 + 0.75 (Y income - 40 taxes)
PAE = C + I + G + X = 100 + 0.75(Y - 40) + 50 + 150 + 20
PAE = 100 + 0.75Y - 30 + 50 + 150 + 20 = 290 + 0.75Y
Short run equilibrium exists when Y = PAE:
Y = 290 + 0.75Y
Y - 0.75Y = 290
0.25Y = 290
Y = 290 / 0.25 = 1,160