In developing economic theories, principles, or models, economists _____

1. define the forming stage and list four activities that happen in this stage

viva [34]

Answer:

The forming stage involves a period of orientation and getting acquainted. Uncertainty is high during this stage, and people are looking for leadership and authority. A member who asserts authority or is knowledgeable may be looked to take control.
It can be a petty clash of personality or an incompatibility in communication styles. Or it could be something more serious, such as a disagreement about the team's goals. It could even exhibit itself as one team member accusing another of not pulling their weight in the project.
Tuckman (1965) identified four stages of team development including Forming, Storming, Norming, and Performing. This widely referenced early work continues to provide a useful model for understanding the dynamic nature of the evolution of teams.
Stage 1: Forming. Feelings. ...
Stage 2: Storming. Feelings. ...
Stage 3: Norming. Feelings. ...
Stage 4: Performing. Feelings. ...
Stage 5: Termination/Ending. Some teams do come to an end, when their work is completed or when the organization's needs change.

4 0

3 years ago

IOP Company purchased a machine on 1/1/22 costing $500. Estimated life was 5 years; estimated salvage value was $100. In 2025, I

Fittoniya [83]

Answer:

The Prior Period Adjustment to be recorded in 2025 will include a $90 debit as adjustment to Retained Earnings

Explanation:

Correct depreciation would have been = ($500-$100)/5 = $80

Depreciation charged wrongly as ($500-$400)/8 = $50

Therefore depreciation has been charged short by $30 for three years, thereby reflecting income greater by $30 each year for 3 years.

Since due to wrong depreciation retained earnings is higher by $90, therefore we have to debit retained earnings by $90

7 0

3 years ago

Sheffield Corp. estimates its sales at 150000 units in the first quarter and that sales will increase by 15000 units each quarte

Varvara68 [4.7K]

Answer:

183,750

Explanation:

Data provided in the question:

Sales in the first quarter = 150,000 units

Increase in sales each quarter = 15000 units

Ending inventory = 25% of the current sales units

Now,

Ending inventory of first quarter = 25% of Units produced in the first quarter

= 0.25 × 150,000

= 37,500

Units produced in the first quarter = Sales + Ending inventory of first quarter

= 150,000 + 37,500

= 187,500

Units to be produced in the second quarter

= Sales in second quarter - Ending inventory of first quarter + Ending inventory

= [ 150,000 + 15,000 ] - 37,500 + 25% of [ 150,000 + 15,000 ]

= 165,000 - 37,500 + 41,250

= 168,750

Units to be produced in the Third quarter

= Sales in third quarter - Ending inventory of second quarter + Ending inventory

= [ 150,000 + 15,000 + 15,000 ] - 41,250 + 25% of [ 150,000 + 15,000 + 15,000 ]

= 180000 - 41,250 + 45,000

= 183,750

4 0

3 years ago

An article in the Economist observed that "people of all ages would gain from policies that boosted growth and productivity."

neonofarm [45]

A. When the economy experiences growth and improved productivity, E. All of the above are correct.

b. accumulating more inputs—such as labor, capital, and natural resources is the key to automatically increasing growth.

<h3>What is economic growth?</h3>

This is a growth that exists in an economy due to the fact that there is an increase in the number of goods and services that are produced in the economy.

The growth is measured with comparison between two different periods of time.

Read more on economic growth here: brainly.com/question/1690575

7 0

2 years ago

A concern of using 360-degree evaluation is that: a. this system has no scope for employee collusion. b. raters feel accountable

oksano4ka [1.4K]

Answer:

The correct option is C

Explanation:

A 360-degree feedback also known as multi-rater feedback, multi source feedback, or multi source assessment is a process through which feedback from an employee's subordinates, colleagues, and supervisor(s), as well as a self-evaluation by the employee themselves is gathered.

Organizations have most commonly utilized 360-degree feedback for developmental purposes, providing it to employees to assist them in developing work skills and behaviors.

7 0

3 years ago

In developing economic theories, principles, or models, economists ______.