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2 years ago

The laissez faire model is inspired by the work of which economic philosopher?

1 answer:

3 0

Laissez faire model was inspired by John Stuart Mill's book "Principles of Political Economy" (1848). This model states that the government should not be heavily involved in the market, and should have a hands off approach.

I hope this helped! :)

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Frank, the CEO of an American production company, negotiated an opportunity with a television provider in India. After the negot

In-s [12.5K]

Answer:

The contract would be described as International Contract.

Explanation:

International Contracts: International contracts refers to a legally binding agreement between parties based in different countries, in which they are obligated to do or not do certain things. International contracts may be written in a formal way such as the example of Frank contracting an Indian television provider.

Consequently, Frank and the Indian television provider having entered into a contract, are governed by international contract law unless they agree to abide by the laws of one of the US and India.

Moreover, International sales contracts are governed by the United Nations Convention on Contracts for the International Sale of Goods (CISG) from 1980.

8 0

3 years ago

Read 2 more answers

There is conflict and distrust in the team. Glen, the team leader, doesn't think the team members are working enough. The team m

iogann1982 [59]

There is conflict and distrust in the team. Glen, the team leader, doesn't think the team members are working enough. The team members, on the other hand, don't think Glen trusts them to do their jobs. You want to resolve this conflict and make sure it doesn't happen again-This can be achieved by using Conflict Management technique

Explanation:

Conflict in the workplace is inevitable and is a painful reality and is the major reason for poor productivity and frustration among the employees.If conflict is managed in a proper way it can lead to increase in employees productivity.The strategist that can be used are:-

1) Understand the situation.

Understanding/listening both the side of the story before resolving the conflict is very important

2) Acknowledge the problem.

Acknowledging the frustration and concerns of the employees is an important step in resolving the conflict. what might seems to be a small problem to an employee may be a big problem for another person

3)Be patient while making decision.

Information evaluation require time.Do not take any decision related to conflict management quickly,try to understand and resolve the situation.

4)Avoid using coercion and intimidation.

Emotional outbursts or coercing people may stop the problem temporarily, but do not fool yourself into thinking it is a long-term solution. Odds are the problem will resurface. At that point not only will you have the initial problem to deal with, but also the angry feelings that have festered below the surface during the interim.

5) Focus on the problem, not the individual. 

Most people are known to be a “problematic individual” during their work but one must avoid their own pre-conceived notion or attitude about individuals and should focus on problem resolution.

6) Establish guidelines.

setting guidelines before the meeting

7) Keep the communication open.

Allow both the parties to keep their points on the conflict and then try to identify the real cause of conflict.

 8. Act decisively. 

Communicating to all the parties involved, and reviewed all the circumstances, and then take your decision and act. Don’t leave the issue in limbo.

6 0

2 years ago

Accelerated Finance is deciding whether to purchase new accounting software. The cost of the software package is $ 67 comma 000

sammy [17]

Answer:

The answer is: Expected annual net cash savings are $16,750.

Explanation:

Please find the below for detailed explanations and calculations:

Payback period is defined as the time it takes an investment to recover its initial investment.

In this case, the initial investment is the cost of software package at $67,000, while the payback period is four years.

We apply the payback period formula to calculate payback period to calculate the Expected annual net cash savings:

Payback period = Initial investment / Net cash flow per period <=> Net cash flow per period = Initial investment / payback period = 67,000 / 4 = $16,750.

So, Net cash savings annually is expected at $16,750. In other words, if the firm is to save $16,750 per year from owning the software, it will take the firm 04 years to recover its initial investment.

3 0

2 years ago

You want a seat on the board of directors of Four Keys, Inc. The company has 265,000 shares of stock outstanding and the stock s

Mila [183]

Answer:

44,167.67 shares

Explanation:

Given that

Number of shares of stock outstanding = 265,000

Sale value per share of stock = $76

Number of seat for election = 5

So by considering the above information, the number of shares needed by using the cumulative voting is

= {shares outstanding ÷ (number of seats + 1) + 1}

= {(265,000 shares ÷ (5 +1) +1}

= 44,167.67 shares

5 0

3 years ago

Given the following data for Glennon Company, compute (A) total manufacturing costs and (B) costs of goods manufactured:

erica [24]

Answer:

1. Glennon Company

Total manufacturing costs and costs of goods sold:

C) $790,000 $810,000

2. Carr Company

Annual Rate of Return for Project Soup:

B) 7.5%.

Explanation:

1A) Total Manufacturing costs

Direct materials used $270,000

Beginning work in process 40,000

Direct labor 200,000

Ending work in process (20,000 )

Manufacturing overhead 300,000

Total manufacturing costs $790,000

1B) Costs of goods sold:

Beginning finished goods 50,000

Costs of goods manufactured 790,000

less Ending finished goods (30,000)

Cost of goods sold $810,000

2) Project Soup Project Nuts

Initial investment $400,000 $600,000

Annual net income 30,000 46,000

Net annual cash inflow 110,000 146,000

Annual Rate of Return = Annual net income/Initial Investment

= $30,000/$400,000 x 100 = 7.5%

8 0

3 years ago