Taylor said managers had responsibilities such as optimizing the work process and training employees to follow it.
Who was Taylor?Winslow, Frederick Taylor was a mechanical engineer from the United States. He was well-known for his techniques for increasing industrial efficiency. He was a pioneer in the field of management consulting. Taylor summarized his efficiency tactics in his book The Principles of Scientific Management, which was chosen the most significant management book of the twentieth century by Fellows of the Academy of Management in 2001. His pioneering work in bringing engineering principles to factory floor operations was critical in the formation and growth of the engineering field now known as industrial engineering. Taylor built his name and was most proud of his work in scientific management; yet, he gained his fortune by patenting advances to the steel-processing industry. As a result, scientific management is also known as Taylorism.
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Explain how to develop professionalism
What are Learning Styles? Explain why Learning Styles are important.
How has society been changed by technology?
The ways to develop professionalism include:
Be productive. Develop a professional image. Take the initiative. Maintain effective work habits. Manage your time efficiently. Demonstrate integrity.Provide excellence. Be a problem-solver.What are Learning Styles?It should be noted that learning styles are the range of theories that aim to account for differences in individuals' learning.
In this case, many theories share the proposition that humans can be classified according to their learning style.
Learning styles are important as understanding learning styles can make it easier to create, modify, and develop more efficient curriculum and educational programs.
This can also encourage students' participation in these programs and motivate them to gain professional knowledge
The society has been changed by technology as it has made it easier to farm, more feasible to build cities, more convenient to travel, etc. It also makes it easier for economies to grow and for companies to do business.
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Using the payback period rule will bias toward accepting which type of investment?
Using payback period rule will tend to be bias toward shorter-term investments.
What is the payback period rule?
Payback is a capital budgeting method that determines the amount of time it takes to recover the amount invested in a project from it cumulative cash flows.
Payback period = Amount invested / cash flow
For example, $100,000 can be invested in either project A or B. Project A will yield a cash flow of 50,000 each year over the next 5 years and project B will yield a cash flow of 20,000 over the next 10 years.
The payback period of project A = 100,000 / 50,000 = 2 years
The payback period of project B = 100,000 / 20,000 = 5 years
The investor would pick project A because of its shorter payback period.
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What should designers gain from a critique that will enable them to improve their work?
A designer gains a list of actionable items to improve the design from the critique.
As we know that critique in a positive manner blows up positivity. Through that, the designers improve their designs according to the fashion and the requirement of consumers. Consumers most probably like to induce new fashion in accordance with the time. During the critique, actionable products are used to improve the product and improve their work.
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A company's balance sheet shows: cash $38,000, accounts receivable $24,000, office equipment $58,000, and accounts payable $25,000. What is the amount of owner's equity?
The amount of owner's equity is $95,000.
Owner's equity = Total assets - Liabilities
= $38,000+ $24,000 + $58,000 - $25,000
= $95,000
At the end of an accounting period, owner's equity is recorded in the balance sheet. It is calculated as the difference between total assets and total liabilities. The closing equity balance is carried forward and used as the first balance of the next year.
Owner's equity is shown as a net amount on the balance sheet because, in addition to contributing capital to the business, owners can withdraw some funds. The balance sheet's left side displays the assets, and the right side displays the liabilities and owners' equity.
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Visitors can go directly to the advertised website by cliicking an ad in a process called?
Visitors can go directly to the advertised website by clicking an ad in a process called click-through.
Click-through is an the act performed by a visitor by clicking on an advertisement or other link to go to another website. Often a user while browsing on the net, in order to know more about a particular topic click-through a particular website link.
The click-through is often the most immediate response to an advertisement, it is not the only interaction. Visitors may choose to type a company’s URL directly into the browser bar, or type the company’s name into a search engine box.
Hence, this process is called click-through.
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A(n) ________ change involves introducing a practice that is new to the industry, such as using drones (rather than delivery trucks) to deliver products to customers.
A radically innovative change involves introducing a practice that is new to the industry, such as using drones (rather than delivery trucks) to deliver products to customers.
What is meant by innovation?This is the term that is used to refer to the fact that there is the growth in new ideas in a nation. It is one of the must have qualities of an entrepreneur. Innovation is known to drive change in the nation towards a ore positive goal.
The innovative change would help to bring in a product that is not in the market which would be useful in meeting and solving the problems that are existent in a particular society.
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A ________ pays out cash flows from a collection of assets in different tranches, with the highest.
A collateralized debt obligation (CDO) pays out cash flows from a collection of assets in different tranches, with the highest.
Structured asset-backed security (CDO) is a type of collateralized debt obligation (CDO). CDOs were initially designed as corporate debt market instruments, but from 2002 they were used to refinance mortgage-backed securities. A CDO can be viewed as a promise to pay investors in a specified order based on the cash flow it receives from the pool of bonds or other assets it holds, similar to other private label securities backed by assets.
In contrast, the probability of default (PD) for CDOs is often calculated using bond or asset ratings. A pool of loans and other assets serves as the collateral for the intricately designed financial product known as a collateralized debt obligation.
If the loan defaults, the underlying assets act as collateral. CDOs are a practical tool for transferring risk and freeing up resources while being risky and not suitable for all investors.
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When using cooperative strategies, firms most frequently develop strategic alliances that:_____.
When using cooperative strategies, firms most frequently develop strategic alliances that create a competitive advantage.
What exactly are cooperative tactics?
A cooperative strategy is a type of planning in which two or more businesses collaborate to accomplish a single goal. Numerous businesses use collaborative tactics to boost their revenues by working with non-competitive companies. Companies that lack competitiveness, expertise, or resources especially benefit from a cooperative strategy. This tactic allows the business the chance to make up for its lack of competitiveness.
Additionally, a cooperative strategy gives businesses the chance to learn through collaboration and access to a wider and newer market. Companies who wish to open their markets and have a liberalist view of negotiating through cooperation have recently used a cooperative strategy.
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How will a firm know if it has grown too large, that is, when it has exceeded its minimum efficient scale of production?
Its long-run average costs begin to increase.
Average Cost is the manufacturing cost determined by dividing Total Cost (TC) by Total Output (TO) (Q). When we refer to the production cost per unit, we indicate that both fixed and variable costs are taken into account when determining the average cost. It is also known as Per Unit Total Cost as a result.
The term "average cost" refers to the production cost per unit, which is determined by dividing the overall production cost by the overall number of units produced. In other words, it calculates how much money is required for each unit of production produced by the company.
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What is the impact when the government increases government spending to the price level, output, unemployment, and inflation in the short run?
Answer:
inflation and output will both rise.
Explanation:
Policymakers who control monetary and fiscal policy and want to offset the effects on output of an economic contraction caused by a shift in aggregate supply could use policy to shift.
Policymakers who manage monetary and fiscal policy and desire to offset the impacts on output of an economic contraction forced by a shift in aggregate supply could use policy to shift Aggregate demand to the right.
What is Aggregate demand?Aggregate demand or domestic final demand exists as the total demand for final goods and services in an economy at a provided time. It is often named effective demand, though at other moments this term stands distinguished. This exists the demand for the gross domestic product of a country. Aggregate demand exists as a phrase used in macroeconomics to represent the total demand for goods produced domestically, including consumer goods, services, and capital goods.
Aggregate demand exists as the total amount of goods and services in an economy that consumers stand willing to expend within a certain period. Aggregate demand is estimated as the sum of consumer spending, investment spending, government spending, and the distinction between exports and imports. Aggregate supply exists as the total quantity of output firms will produce and sell—in other terms, the real GDP. The upward-sloping total supply curve—also understood as the short-run aggregate supply curve—demonstrates the positive connection between the price level and real GDP in the short run.
Hence, Policymakers who manage monetary and fiscal policy and desire to offset the impacts on output of an economic contraction forced by a shift in aggregate supply could use policy to shift Aggregate demand to the right.
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The economic indicator that reflects activity of u. s. entities without regard to where the activity takes place is?
The economic indicator that reflects the activity of the U.S. entitled without regard to where the activity takes place is GNP.
Gross national product (GNP) is an estimate of the total cost of all the final products and services grown to become out in a given duration via the way of production owned by a country's citizens.
Indicators of financial pastime financial signs consist of measures of macroeconomic performance (gross domestic product [GDP], intake, funding, and international alternate) and stability (central authorities' budgets, expenses, the cash supply, and the balance of payments).
Gross Domestic Product is essential as it offers records about the scale of the economy and the way an economy is performing. The increased price of actual GDP is often used as an indicator of the overall health of the economic system. In wide terms, growth in real GDP is interpreted as a sign that the economy is doing properly.
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Which factors do managers consider when establishing performance objectives?
The factors do managers consider when establishing performance objectives are:
B. The company's internal capabilities
C. Economic conditions within the industry
D. Competition from other businesses
The 5 key commercial enterprise performance objectives for any organization consist of satisfaction, pace, dependability, flexibility, and price. in terms of business performance objectives, you're likely aware that performance and productiveness are vital.
Some examples of patron-centered key performance objectives consist of attendance. employees have to display paintings to provide fine customer support. Set a purpose of a percent or number of attendance days the worker needs to meet inside the overall performance duration.
The objective here is to make fewer errors, accomplish greater and bring better output through the years. offer a particular measure to help the worker determine their paintings. inspire the employee to be more strategic in their approach to paintings.
Disclaimer: The question is incomplete. Please read below to find the missing content.
Question: Which factors do managers consider when establishing performance objectives?
Check all that apply.
A. The strategic visions of rival businesses
B. The company's internal capabilities
C. Economic conditions within the industry
D. Competition from other businesses
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If the exchange rate rises, then the quantity of dollars demanded ________ because with the higher u. S. Exchange rate, u. S. Exports ________.
If the exchange rate rises, then the quantity of dollars demanded decrease. because with the higher U.S. Exchange rate, U.S. Exports decrease.
What is the Exchange rate?The rate at which one currency will be exchanged for another is known as the exchange rate in the world of finance. Most often, currencies are national ones, but they can also be supra-national ones like the euro or sub-national ones like Hong Kong.The value of one country's currency in respect to another currency is also thought of as the exchange rate.An interbank exchange rate of 114 Japanese yen to the US dollar, for instance, indicates that 114 will be converted into $1 or that $1 will be converted into 114. In this instance, it is said that the cost of a dollar in terms of the yen is 114, or, translated into dollars, that the cost of a yen in terms of the yen is $1/114.What is an export?When it comes to international trade, export is a good made in one nation and sold in another, or a service rendered in one nation to a national or resident of another nation. The person who provides these goods or services is an exporter; the overseas customer is an importer. Financial, accounting, and other professional services, tourism, education, and intellectual property rights are all examples of services that are involved in international trade.Learn more about the Exchange rate here:
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Which step in developing advertising is most helpful in selecting media and evaluating a campaign?.
The most helpful step in selecting media and evaluating a campaign is to identify the target audience and match the type of product advertisement with its objective.
Why are advertisements important for campaigns?Consumer education on the benefits of your goods or services and the values of your brand is aided by advertising. Ad campaigns may help you establish your brand and create a better knowledge of it, from your company's objective to the importance of the products you offer.
Your target market will have a greater connection to your brand as they get more knowledge about your company, which can help you increase consumer trust and loyalty and move your firm closer to closing a deal. Advertisement campaigns may also be used to inform customers about issues that are important to your company. For instance, a social media ad for a plumber's marketing campaign may have an infographic describing a quick repair for unclogging a toilet.
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The long-run economic level of output, according to the vertical, long-run aggregate supply curve, depends on?
The long-run economic level of output, according to the vertical, long-run aggregate supply curve, depends on the economy's labor, capital, and technology, but not on the overall level of prices.
The level of production produced by enterprises and the price level over the long term are related by the long-run aggregate supply (LRAS) curve.
The long-run aggregate supply curve in Panel, "Natural Employment and Long-Run Aggregate Supply," is a vertical line at the economy's potential production level.
The one real wage at which employment stabilizes is that wage. Only a real wage of e generates natural employment Le in Panel, "Natural Employment and Long-Run Aggregate Supply."
However, any of an indefinitely large number of nominal salary and price-level combinations might be used in the economy to reach this actual wage.
Assume, for instance, that the equilibrium real wage is 1.5, or the ratio of wages to the level of prices.
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Nor shall ________ property be taken for public use, without just compensation.
Answer:
Nor shall Private property be taken for public use, without just compensation.
Its literally the 5th amendment to the United States Constitution.
Describe the ways in that general and functional managers are different from end users. what purpose do these managers have in regards to information systems at an organization?
General and functional managers are different from end users. what purpose do these managers have in regards to information systems at an organization
General management focuses on the entire business as a whole a top-down organizational view. A functional manager is a person who has management authority over an organizational unit such as a department within a business, company, or other organization.
General management and functional management have many similarities; the primary difference is that a functional manager focuses on one facet of an organization, while the general manager must keep everything in view.
Functional managers are most common in larger organizations with many moving parts, where different business functions are led by managers within those respective fields.
Management is the act or art of managing things.
Department is typically understood as a part of a larger organization.
Organization refers to a collection of people, who are involved in pursuing defined objectives.
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Mass marketing means that products and promotions are developed in order to please?
Mass marketing means that products and promotions are developed in order to please large groups of people.
Marketing is the process of researching, creating and offering value to meet the needs of a target market for goods and services.
Marketing, which may involve target audience selection, is the set of activities, institutions and processes for creating, communicating, delivering and exchanging offers of value to customers, clients, partners and society at large .
In short, actions taken to draw attention to a company's offerings. This may be physical goods for sale or services provided. Common examples of workplace marketing include TV commercials, roadside billboards, and magazine ads.
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Briefly discuss the main bases of compensation, including hourly, piecework, salaried, and exempt vs. nonexempt.
Salaried: Those who are salaried are paid the same amount each week regardless of how many hours they put in. As mentioned previously, exempt workers must be compensated on a salary basis. Employees who are not excluded from pay may get salaries for a set amount of hours or according to the variable workweek technique. Despite being paid a salary, nonexempt workers are nonetheless entitled to overtime pay under federal and state regulations.
Hourly: A person paid on an hourly basis for services rendered. These people are typically considered nonexempt and are governed by the FLSA's overtime rules due to the way they are paid. Those exempt under the professional exemption, such as teachers, lawyers, and computer experts, may also be compensated on an hourly basis.
Exempt: The FLSA's prohibition on overtime pay does not apply to anyone who meets the requirements to be an executive, professional, administrative, or outside sales employee. Additionally, some computer professionals might not be eligible. Except for a few circumstances, exempt employees need to be paid a wage.
Nonexempt: workers must be paid overtime for any hours beyond 40 in a workweek if they are not exempt from the FLSA's overtime rules (as well as any state overtime provisions). Non-exempt workers may receive a salary, pay on an hourly basis, or any other form of compensation.
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Systems analysis and design is a six-phase problem-solving procedure for examining and improving an information?
Systems analysis and design is a six-phase problem-solving procedure for examining and improving information in System.
System analysis is the technique by which a character (s) research a device such that a facts device can be analyzed, modeled, and a logical opportunity can be chosen. systems analysis initiatives are initiated for three reasons: problems, opportunities, and directives.
systems analysis is "the technique of analyzing a system or commercial enterprise to pick out its goal and purposes and create systems and approaches so that it will correctly acquire them".
The definition of a System analysis is a technique of figuring out the fundamental elements of a venture and determining how to combine them in a nice way to clear up the trouble. An instance of structure evaluation is deciding the fine way to dry clothes without a garments dryer which includes by using placing them on a line inside the sun.
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The minimum possible short-run average costs are equal to long-run average costs when_______.
The minimum possible short-run average costs are equal to long-run average costs when the long-run curve is a minimum point.
In the short run, costs ultimately depend upon the firm's level of output, the fees of factors, and the portions of things wished for every degree of output. The leader distinction between long- and brief-run prices is there aren't any constant factors ultimately.
The cost of producing any output inside the short run is extra than the long-run cost as the firm is confined in the short run and no longer in the long run. The graph indicates the quick-run general price curve and long-run general fee curve.
Short-run average cost equals average constant prices plus common variable fees. Common constant fee continuously falls as manufacturing will increase in the quick run, because ok is constant in the brief run.
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Cindy's car wash has average variable costs of $2 and average fixed costs of $3 when it produces 100 units of output (car washes). the firm's total cost is:_______
a. $300.
b. $500.
c. $100.
d. $200
The correct option is b. the firm's total cost $500.
Total cost:
Total fixed costs are the total of all recurring, fixed costs that a business incurs.
The variable and fixed expenses of providing commodities are combined to create a total using the total cost formula. The equation is:
Total cost = (Average fixed cost x average variable cost) × Number of units produced.
Cindy's Car Wash has average variable costs of $[tex]2[/tex] and average fixed costs of [tex]$3[/tex] when it produces [tex]100[/tex] units of output (car washes).
The firm's total cost is
AFC = $[tex]3[/tex], AVC = $[tex]2[/tex]
Average total cost = AFC + AVC = $[tex]5[/tex]
It produces [tex]100[/tex] units
$[tex]5[/tex] × [tex]100[/tex]= $[tex]500[/tex]
Therefore, option b is the answer $[tex]500[/tex].
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Kyle invested $15,000 in a savings account. if the annual interest rate is 5%, how much will be in the account in 10 years for quarterly compounding? round your answer to two decimal places.
Answer: identify the values of each variable in the formulas. Remember to express the percent as a decimal.
Explanation:
A major difference between ifrs and gaap relates to the revaluation surplus account. retained earnings account. share premium account. share capital account
A major difference between IFRS and GAAP relates to the A Revaluation Surplus Account.
A revaluation reserve is an equity account that stores changes in the value of fixed assets. If the revalued assets are subsequently disposed of by the company, the remaining revaluation reserve is credited to the company's retained earnings account.
This reserve is only used when the organization prepares its financial statements in accordance with International Financial Reporting Standards. No revaluation reserve is allowed for companies using generally accepted accounting principles.
A revaluation reserve is an equity account that stores changes in the value of fixed assets. If the revalued assets are subsequently disposed of by the company, the remaining revaluation reserve is credited to the company's retained earnings account.
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The extent to which customers recognize and are willing to accept variation in service performance is called the ____________:
The extent to which customers recognize and are willing to accept variation in service performance is called the zone of tolerance.
The zone‐of‐tolerance (ZOT) is an innovative concept which has attracted recent attention in the services marketing domain.
The zone of tolerance represents a wide range of service performance that a customer considers satisfactory which recognizes multiple expectation standards especially adequate and desired expectations.
Exploratory as well as the confirmatory factor analyses were used to assess measurement properties and the regression analysis was used to test the hypotheses regarding the Zone of tolerance.
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Regarding a production possibilities curve, a shift to the right—away from the origin—illustrates?
A production possibilities curve, a shift to the right away from the origin illustrates economic growth. Group of answer choices opportunity cost scarcity of a good economic downturn economic growth.
Given the scarcity of resources, we have our limits, as the curve shows. If the economy grows and all else remains constant, more can be produced, shifting the production possibilities curve outwards or to the right.
A production possibility curve (PPC) is a model used to show the trade-offs in allocating resources between the production of two commodities. PPC can be used to explain the concepts of scarcity, opportunity cost, efficiency, inefficiency, economic growth, and contraction.
An outward or inward shift in the PPF can be caused by changes in the total amount of available production factors or technological advances. as the total amount of production factors such as labor and capital increases, the economy can produce more goods at any point along its borders.
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Why is it critical that paralegals know their jurisdiction’s solicitation rules?
Courts have several rules that they apply in determining the admissibility of evidence in judicial proceedings, including ethical values such as honesty.
There are basically only three exceptions to such contact. (2) direct contact with persons with whom the attorney has an established personal relationship;
"Solicitation" or "solicitation" means a communication initiated by or on behalf of an attorney or law firm and directed to a specific individual known to or reasonably directed to the attorney.
In order to commit a crime, you must know that you are in need of legal services in a particular matter and that you provide or can reasonably be understood to provide legal services. In general, soliciting is often associated with prostitution, the crime of soliciting someone to have sex for money.
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Typical broker-dealer fees that must be disclosed as part of a fee disclosure document would include?
Typical broker-dealer fees that must be disclosed as part of a fee disclosure document would include the interest charged by the firm on money owed by customers in their margin accounts.
A "margin account" is a specific kind of brokerage account where your broker-dealer lends you money to buy securities (sometimes referred to as "margin securities") while using the account as security. You might be able to hold a cash account and a margin account simultaneously with some brokerage firms.
A "margin account" is a specific kind of brokerage account where the broker-dealer lends the investor money to buy securities while using the account as collateral. While margin gives investors more purchasing power, it also exposes them to the possibility of bigger losses.
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The ______ is required for any company or sole proprietorship that is engaged in the business of making or brokering consumer or commercial loans.
The Finance Lenders Law License (CFLL) is required for any company or sole proprietorship that is engaged in the business of making or brokering consumer or commercial loans.
A California Financing Law license may be granted as a broker, a finance lender, or as both a broker and a finance lender. Any person or business that conducts consumer or commercial lending activities, as well as any person or business that negotiates or acts in any capacity as a broker in connection with loans made by a finance lender, whether those loans are secured by residential or commercial real estate, personal property, or unsecured obligations, is required to obtain this license through NMLS.
According to the law, "any individual involved in the business of issuing consumer loans or making commercial loans" is a finance lender. A license for finance lenders exempts the licensee from the California Constitution's prohibition on usury.
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