The competitive priority achieved by the college in this example is referred to as customization. Therefore, option D holds the correct answer which is 'customization'.
Customization is referred to the process in which changes in the products and services are provided based on the needs and wants of consumers. As per the given scenario where to acieve the competitive priority, the college created a customized 'General Major' subject based on the students' wants and needs. Since students did not show interest in studying the traditional major courses i.e. Accounting or Marketing. Customization allowed the college to combine the easiest study material from both Accounting and Marketing courses.
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Organizations pursuing a specialization strategy often try to develop a competitive advantage based on.
Organizations that pursue a specialization strategy frequently attempt to create a competitive advantage based on customers intimacy.
Customer intimacy is a measure of your understanding of – and alignment with — the demands and values of your consumers.
Customer intimacy extends beyond simply speaking with customers. It's a two-way street: their perception is important. You can't be client-centric until you cultivate customer intimacy.
Customer intimacy entails all team members sharing a common awareness of customer challenges and demands: you are united on the genuine requirements of the specific customer.
Employees understand the wants and desires of those they serve, as seen by improved loyalty, lower turnover, less internal turmoil, more lovable goods, and more effective team decision-making.
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what sets focused (or market niche) strategies apart from low-cost leadership and broad differentiation strategies is the extra attention paid to top-notch product performance and product quality. their concentrated attention on serving the needs of buyers in a narrow piece of the overall market. greater opportunity for competitive advantage. their suitability for market situations where most industry rivals have weakly differentiated products. their objective of delivering more value for the least money.
The sets focused (or market niche) strategies apart from low-cost leadership or broad differentiation strategies is a concentration on a narrow piece of the total market.
A market is any vicinity wherein or more parties can meet to have interaction in an monetary transaction—even those that don't contain legal tender. A marketplace transaction may also involve goods, offerings, records, currency, or any mixture of these that pass from one party to every other.
In economics, a market is a composition of structures, establishments, approaches, social family members or infrastructures wherein events have interaction in trade. even as parties may additionally alternate goods and services by means of barter, most markets rely upon sellers presenting their items or services to customers in alternate for cash.
A market is described as the sum general of all the consumers and sellers in the region or location under consideration. The place can be the earth, or countries, areas, states, or cities. The value, value and rate of objects traded are as according to forces of supply and call for in a marketplace.
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Why do you think some individuals place more trust in alternative banking services?.
Answer:
because if you take for example Wells Fargo, they have had some scandals. People who are putting more trust in alternative banking services may be doing so because other more widely known companies aren't as safe with peoples money. They could also be poor. because they esspesially cant have anything happen too their money. and because there are alot of banking alternitive poping up with more inovative eays to hadndle and secure money.
strategic relationships are beneficial because they help members do which of the following? (choose every correct answer.) Develop joint projectsTake risksAccomplish Goals
Strategic relationships are beneficial because they help members:
Develop joint projectsTake risksAccomplish GoalsWhat are Strategic relationships?Generally, A strategic partnership is a collaboration between two different commercial organizations that is often made official by one or more contracts pertaining to the business.
In most cases, a formal partnership entity, an agency connection, or a corporate affiliate partnership will not be equivalent to a strategic partnership.
The following are some of the ways in which members might benefit from strategic relationships:
Develop joint projectsTake chancesReach Your ObjectivesRead more about Strategic relationships
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owen company's unadjusted book balance at june 30 is $12,160. the company's bank statement reveals bank service charges of $90. two credit memos are included in the bank statement: one for $1,250, which represents a collection that the bank made for owen, and one for $140, which represents the amount of interest that owen had earned on its interest-bearing account in june. what is the true cash balance? multiple choice $12,160 $13,640 $13,270 $13,460
True cash balance = Cash Balance - Service Charge + (2) credit memos
= $ 12,160 - $ 90 + $ 1250 + $ 140
= $ 13,460
True Cash Balance refers to the amount, if any, of cash that the Company and its Subsidiaries had on hand or in their bank accounts as of the Closing Date in excess of the reserves that they were required to have in place as of that date under the terms of the GMAC Loan Agreement.The total of the Company Group's cash and debt as of the Effective Time, as shown in the Adjustment Statement (as finally agreed or determined in accordance with Schedule 5).
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stock valuation caccamise co. is expected to maintain a constant 3.4 percent growth rate has a dividend yield of 5.3 percent, what is the required return on the company's stock?
The required return on the company's stock is 8.7000%
Required return=dividend yield+growth rate=5.3%+3.4%=8.7000%. As this is a simple arithmetic calculation, there is no change whether you do it on the financial or scientific calculator or spreadsheet/Excel.
A stock, otherwise called value, is a security that addresses the responsibility for part of the responsible enterprise. Units of stock are classified as "shares" which qualify the proprietor for the extent of the partnership's resources and benefits equivalent to how much stock they own.
The most well-known method for esteeming a stock is to figure out the organization's price-to-earning (P/E) proportion. The P/E proportion rises to the organization's stock cost separated by its most as of late revealed income per share (EPS). A low P/E proportion infers that a financial backer purchasing the stock is getting an alluring measure of significant worth.
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a customer has won $1,000,000 in a lottery. the customer has the choice of taking $1,000,000 today or $65,000 per year for the next 20 years. to evaluate the best option, the customer would use: a net present value b total return c rule of 72 d expected rate of return
Net Present Value
This person has the choice of taking $1,000,000 now or can take $65,000 a year for the next 20 years. To find the best choice, each $65,000 payment over each of the next 20 years must be discounted back to today's net present value, using the risk-free interest rate as the discount factor. If the net present value of these payments is more than $1,000,000, then the 20 payments of $65,000 would be the better choice.
The difference between the present value of cash inflows and outflows over time, or net present value (NPV), is what we refer to as this. The profitability of an anticipated investment or project is examined using NPV in capital budgeting and investment planning.
The net present value of a project or investment indicates how much money it will make or lose in terms of today's money. Due to the effects of factors like inflation and lost compound interest, future cash flow of a project does not accurately reflect current cash flow, so NPV is adjusted accordingly.
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john got a part time weekend job at a local restaurant to save for a new car. he plans on depositing $200 per month for the next 4 years in a savings account with a rate of 7% per year compounded monthly. how much will he have saved toward his down payment at the end of the 4 year period? a) $11,031.85 b) $11,021.85 c) $11,041.85 d) $11,071.85 e) $11,051.85 f) none of the above.
The combination of the present value and the investment return on the present value is the future value. However, as inflation rises, the present value of one dollar will decrease in the future.
This idea is the fundamental one used when dealing with money.
How do I find the value in the future?Using this formula, you can use compound interest to determine the value of the future: The present value times the interest rate times n is the future value. Utilize this formula to determine the value of the future using simple interest: Future value is equal to the present value multiplied by plus the interest rate multiplied by the time.
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the stock in net corporation sells for $25 per share and features cumulative voting. there are 24,000 shares outstanding. if five directors are up for election, how much does it cost to ensure someone a seat on the board? group of answer choices
It will cost $100,025 to ensure someone a board seat.
a seat on the buyer's board of directors, which shall entitle the holder of such seat to all of the privileges, terms, conditions, and responsibilities enjoyed or assumed by all other members of the buyer's board of directors.
How to calculate the cost to ensure someone a board seat?
In case of cumulative voting :
Number of shares required = (S*N / (D+1)) + 1
S = total number of shares
N = 1 (at least 1 director)
D = total number of directors
Number of shares = [tex](24000 * \frac{1}{5+1}) + 1[/tex] = 4,001
Cost = number of shares * price per share
Cost = 4,001 * 25
Cost = 100,025
Therefore, it cost $100,025 to ensure someone a board seat.
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carrie uses her page on the etsy website to sell her hand-knit boot toppers and scarfs. rather than making an inventory of her items ahead of time, carrie waits until she receives an order and then begins to knit. which type of supply chain strategy is carrie relying on?
Carrie is relying on the supply chain of pull strategy.
Pull strategy is a supply chain that reacts in real time to current consumer demand. It is frequently compared to push strategy, which creates inventory ahead of expected customer demand based on projections, seasonal demand planning and historical trends.
The reason pull is sometimes referred to as 'demand-driven inventory planning' is because it starts with the customer's order. A business that uses a pull system manages inventory based on current conditions never keeps much of that item on hand. By buying or producing the item only after it has been sold, or by adding only one more item to a sold item, it will keep inventory at that level. Pull strategies are effective for products that are easy to produce or replenish, have a hazy demand, or don't benefit from economies of scale.
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suppose the saving rate is initially less than the golden rule saving rate. we know with certainty that a decrease in the saving rate will cause:
With certainty the decrease in the saving rate will cause reduction in capital labor ratio when the saving rate is initially less than the golden rule saving rate.
What is saving rate and what will happen with certainty and decrease in the saving rate?The amount of money saved monthly and is expressed as a percentage or may sometimes ration of GDI.GDI is the gross disposable income which is basically household savings but is the percentage of overall savings.Here the question is asked of the saving rate when initially less than the golden rule saving rate , what consequences will occur with the decrease in the saving rate.Since the capital per worker is all following the golden rule saving rate, the decrease in the saving rate will cause decrease in the saving rate.Hence with decrease in the saving rate will follow the golden rate rule and ultimately the capital labor ratio will be decreased.To know more about rate visit:
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the stock of black incorporated has a beta of 1.30. if the expected return on the market is 9% and the t-bill rate is 2%, what is the expected return on black inc.?
The Correct Response is (d) 11.1%.
because Expected Return = Rf + Beta * (Rm - Rf) = 2% + 1.30 * (9% - 2%) = 2% + 9.1% = 11.1%.
What does it mean to expect a return?The amount of profit or loss an investor can anticipate from an investment is referred to as the expected return. After totaling these results, the probability of a given outcome being realized is multiplied by the potential return. Returns that are expected cannot be guaranteed.
How is expected return calculated?Anticipated return = (Return A x likelihood A) + (Return B x likelihood B) Expected return is only one of numerous possible returns since the speculation market is exceptionally unstable. Due to the fact that it takes into account the investment's previous performance, you can determine the expected return as a weighted average outcome.
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Full Question = the stock of black incorporated has a beta of 1.30. if the expected return on the market is 9% and the t-bill rate is 2%, what is the expected return on black inc.?
Group of answer choices 9.1% 7.1% 9.0% 11.1% 13.7%
coffeewk inc.'s bonds currently sell for $1,267 and have a par value of $1,000. they pay a $107 annual coupon and have a 20-year maturity, but they can be called in 7 years at $1,080. what is their yield to call (ytc)?
7.17% is their yield to call (ytc). A bondholder will earn a return if they hang onto the bond until the call date, which happens before it matures, according to the financial term yield to call (YTC).
Yield to call
RATE (NPER,PMT,-PV,FV)x2
= 7.17%
=RATE (7,105,-1240,1100)×1
The return a bondholder obtains if they keep the securities until the call date, which is before the date of maturity, is referred to as "yield to call."
Callable bonds, which are securities that enable bond holders to redeem their bonds early at the call price (or for the bond issuer to repurchase them), are subject to yield to call.
Utilizing computer tools, yield to call can be mathematically determined.
This figure is the compound interest rate at which the present value of a bond's future coupon payments and call price equals the bond's current market price.
Yield to call refers to callable bonds, which are debt instruments that permit bondholders to repurchase bonds from bondholders at a price known as the call price on a date known as the call date. By definition, a bond's call date comes first in the timeline, then it matures.
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a convenient means for assessing the importance of industrial design to a particular product is to characterize importance along cost and quality dimensions?
Along with cost and quality ergonomics, aesthetics are also important.
A good design process entails creating outstanding designs while taking into account human aspects and the look of the product while developing. This is known as "design for ergonomics and aesthetics." To create effective goods, it combines all the components of ergonomics and aesthetics, such as comfort and visual appeal. Today, many designers in the design sector use design for ergonomics and aesthetics to create products that are aesthetically pleasing and satisfy consumer expectations. In order to create high-quality designs, design for ergonomics and aesthetics strikes a balance between several factors, including durability, ecological, aesthetics, safety, and ergonomics.
The scientific field of ergonomics studies social interactions and how they affect various system components. It discusses the importance of taking into account human factors when designing products.
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The real goal in creating a personal brand is to monetize your personal brand. What is the only way you can do this?.
By providing your signature offer is a way to monetize your personal brand.
A personal brand is rooted in the minds of the people in the market. Personal branding is an effort to communicate and present your value to the world.
Your true personal brand is what other people say about you. Personal branding is what you say about yourself.
We live in a time when everyone is too focused on their own branding and not enough of their own brand. Branding is a surface level, brand represents an emotional connection.
The email signature is the footer part of the email. You can use it better. The problem is, if you want your emails to be personal and human, you can't use all the company stuff like email templates. While it's not personal, it works as a good content field.
Your name will be included in your email signature regardless of what it looks like. The main purpose of the addition is to confirm the meaning of the words you just wrote. Include a job title if you want to add more value to them.
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in a competitive marketplace, why would a firm price its product slightly higher than those of its rivals?
Because by setting a lower price, consumers are looking for the cheapest price among the many choices they face. So that, a firm will reached high profit.
Price generally can be defined as the amount of money that consumers have to pay to sellers to get the goods or services they want to buy. Therefore, prices are generally determined by the service owner or also seller. However, consumers or buyers can bid the price in the art of buying and selling. Then the transaction takes place when an agreement has been reached between the buyer and the seller. But bargaining cannot be done in all marketing lines. A purchase in the market is one of the example of a transaction that uses a bargaining system.
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What are the three elements that are required in order to have successful operations and supply chain management?.
Strategy, business process, and business analysis are the three components that must be integrated for operations & supply chain management to be effective.
The following is the justification:
Strategy: For the individual and the business, strategy was crucial. Planning is crucial in this situation so that things can be carried out more effectively.
Business data analysis: The data of the company can be analyzed to identify the issue and quickly find a solution.
Business process: The business process might include aspects of production, marketing, and finance that support operations and the supply chain.
Therefore we can conclude that the three elements that require integration to be successful for operations & supply chain management is strategy, business process, and the business analysis.
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as the price of video games is raised from $20to $25, their quantity demanded fell from 1.5 million copies to 1 million copies. the price elasticity of demand for video games is:
As the price of video games increased from $20 to $25, the number of copies demanded decreased from 1.5 million to 1 million. The price elasticity of demand for video games is -1.8.
In economics, demand is the quantity of a good that consumers are willing and able to acquire at various prices over a certain time period. The demand curve denotes the link between price and quantity demand. The perceived necessity, price, perceived quality, convenience, accessible alternatives, customers' disposable income and tastes, and many other factors all influence demand for a certain item. The basic demand relationship exists between prospective prices of a good and the quantities that would be purchased at those prices. In general, the relationship is negative, which means that an increase in price causes a drop in the quantity demanded.
The declining slope of the consumer demand curve reflects this negative relationship.
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Which of the following terms refers to a meeting in which the salesperson offers a sales proposal to a prospective buyer?a. Sales proposalb. Sales presentationc. Sales offerd. Negotiation
A sales presentation is the terms refers to a meeting in which the salesperson offers a sales proposal to a prospective buyer.
The shop clerk is accountable for greeting customers, assisting them to locate gadgets in the shop, and ringing up purchases. To achieve success as a shop clerk you ought to have tremendous verbal exchange competencies. an excellent shop clerk meets sales targets whilst remaining well-mannered and useful to clients.
An awesome salesperson has extra to provide clients than an interesting pitch —they're enthusiastic people with resilience and they take some time to get to understand their clients' wishes, display empathy, and deal in a product in confidence.
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Which of the following actions is most likely to be taken by a company in order to implement the value pricing objective?a. Distributing free samples of the product to create awareness about the product among the consumersb. Convincing consumers that the quality of their lower-priced product is the same as that of a comparatively higher-priced product sold by a competitorc. Convincing consumers of the prestige associated with the productd. Distributing free gifts along with the product during its introductory stage
Convincing consumers of the prestige associated with the product.
Prestige or image pricing is a branding and advertising method that uses top-class pricing to suggest superior fines.
In different phrases, an organization will set an intentionally excessive charge to draw potential clients interested by associating themselves with a luxurious emblem.
Examples of markets in which prestige pricing is used are watches, perfumes, and luxury cars.
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the service recovery paradox shows that: a. when an organization recovers, it does not increase satisfaction. b. loyalty can increase as long as service-level performance is high. c. loyalty can increase even when service is low. d. when there is a service failure with effective recovery, loyalty can increase.
The service recovery paradox shows that when there is a service failure with effective recovery, loyalty can increase.
What is service recovery paradox?
The service recovery paradox (SRP) occurs when a customer has a higher positive opinion of a business after the business has fixed an issue with their service than they would have if non-faulty service had been supplied. The key justification for this way of thinking is that a customer's assurance and confidence are increased when a defective service is successfully recovered.
Since service failure is one of the key factors in customers' switching behavior and effective recovery from these failures is viewed by some as essential for customer retention, understanding SRP has been a priority for both researchers and management. For service providers who cannot guarantee an error-free service, recovery is extremely crucial.
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how important is it for top managers to pay a visit to a market or site before making a final decision?
Very important. Field tours are typically used to completely analyze any difficulties that remain so that, in the event that a certain market or site is chosen, the conditions of any agreement are clearly understood.
Top management is made up of those who control an organization's resources, authority, and ability to make decisions. They also have control over how the organization changes.
Those in top management are those who "direct and oversee an organization at its highest level." Furthermore, it says that "top management has the ability to provide authority and allocate funds throughout the business."
A top-level manager is an executive-level professional who is in charge of developing and carrying out organizational plans and policies. They serve as the middleman in negotiations between upper- and lower-level managers. These experts could assist in directing an organization's overall course.
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what is the name of the act recently drafted by the national conference of commissioners on uniform state laws in response to the growth in business conducted over the internet?
Uniform Computer Information Transaction Act is the name of the act recently drafted by the national conference of commissioners on uniform state laws in response to the growth in business over the internet.
A draft state law known as the "Uniform Computer Information Transaction Act" (UCITA) aims to standardize the licensing of software and all other forms of digital information. UCITA, which was initially designed as an amendment to the Uniform Commercial Code (UCC), establishes a uniform commercial contract law by making terms that are frequently found in "click-wrap" contracts (which typically pop up on your screen when you first install software) enforceable, binding contracts.
With the help of UCITA, software and information license transactions are governed by a single body of law. It will make it clear that enforceable license agreements are contained in shrink-wrap and click-wrap. The "perfect tender" principle for business licenses is rejected. A thorough plan for dealing with electronic commerce is contained there.
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what should have been the initial inventory in units of demand, if the production requirement in units of product is 900, demand forecast is 1,000, and the necessary safety stock is 20 percent of the demand forecast? multiple choice 100 cannot find it 1,900 300 500
300 will be the initial inventory in units of demand, if the production requirement in units of product is 900 demand forecast is 1,000, and the necessary safety stock is 20 percent.
given data,
units of product = 900
demand forecast = 1,000
necessary safety stock = 20%
the difference in demand and the units of product ,
= 1000 - 900
= 100
And 20% of the demand = 200
safety stock = 20% of the demand + difference in demand and units of product
=200 + 100
= 300
300 be the initial inventory in units of demand
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global marketers such as pepsico have embraced technology that enables them to form better relationships and communicate with customers. one of the benefits of e-marketing that pepsi enjoys is that
Global marketers such as PepsiCo have embraced technology that enables them to form better relationships and communicate with customers. one of the benefits of e-marketing that Pepsi enjoys is that marketers and customers can share information
What are global marketers?Generally, To achieve global goals, global marketing is described as "marketing on a global scale reconciling or utilizing global operational differences, similarities, and possibilities."
Global marketers like Pepsico have embraced technology because it helps them connect and engage with consumers more effectively. Pepsi profits from information sharing between marketers and consumers, which is one advantage of e-marketing.
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discuss why you think miniziming material handling cost is often chosen as the criterion for plant layout studies
A facility layout's life cycle may present a variety of decision-making difficulties that must be handled with the aid of performance measurement models.
The models that are now available on the market are only appropriate for usage during the early phases of a project's design phase. The decision-making effectiveness of measurement methods is greatly influenced by other phases, including production planning, control, and the need to measurement take into account changes in market demand (which happens frequently in today's global competitiveness).
Furthermore, performance in earlier models was simply taken into account in terms of material handling expenses. To be effective, an decision-making arrangement must take into account empty travel, pattern flexibility, and area use. Thus, a measuring model is required to measurement calculate the facility's efficiency while accounting for each of its essential parts. In this study, the closeness gap (PAU/CAU) and FLF, two layout effectiveness metrics, were investigated.
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you open the newspaper and read that europe is headed for a recession. use the fed model to forecast what you expect to happen to the u.s. economy. a. a european recession is a macroeconomic shock that decreases u.s. aggregate expenditure, due to a decrease in net exports . b. demonstrate the effects of the macroeconomic shock, using the is-mp framework.
You open the newspaper and read that Europe is headed for a recession, use the fed model to forecast and the expect to happen to the U.S economy was European recession is a macroeconomic shock that decreases U.S aggregate expenditure, due to a decrease in net exports . The correct option is (A).
What do you mean by the recession?
A prolonged period of weak or negative real GDP (output) growth that is accompanied by a noticeably higher unemployment rate is known as a recession. During a recession, a lot of other economic activity indices are similarly weak.
According to Pugliese, unemployment frequently increases during recessions, and total employment levels may even decline.
Additionally, GDP growth typically slows down during recessions as a result of decreased employment and consumer demand, which results in lower production of goods and services.
Therefore, you open the newspaper and read that Europe is headed for a recession, use the fed model to forecast and the expect to happen to the U.S economy was European recession is a macroeconomic shock that decreases U.S aggregate expenditure, due to a decrease in net exports .
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you buy euros in new york from credit suisse and simultaneously sell them in london to hsbc for a gain. you effectively made money from money. this transaction would be an example of:
This transaction would be an example of Position trading. Position trading is a long-term investing market technique that emulates the buy-and-hold approach for several months or even years.
This tactic ignores short-term pricing fluctuations and concentrates on long-term growth. As a result, it is unique among all trading techniques. You make the decision to invest in the market and take a long Position trading on the value of the pound increasing. You close your position and lock in your profit when the market rises as expected. If you had anticipated a decline in the price of the pound, you would have opened a short position.
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the practice by which managers and other employees find jobs within their own companies for relatives is known as
The practice by which managers and other employees find jobs within their own companies for relatives is known as nepotism.
A benefit, privilege, or entitlement given to family members and friends in a profession or sector is known as nepotism. Business, politics, academics, the arts, sports, fitness, religion, and other spheres may fall under this umbrella. The phrase first appeared when Catholic bishops and popes appointed their nephews to significant positions.
Numerous philosophers have condemned nepotism since antiquity, calling it both wicked and foolish. The word nepotism is derived from the Italian nepotismo, which is derived from the Latin nepos, which means nephew.
Some Catholic popes and bishops, who had taken vows of celibacy and, as a result, typically had no legitimate offspring of their own, have given their nephews such positions of preference as were frequently given by fathers to sons since the Middle Ages and until the late 17th century.
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it usually takes less than two years for it investment to result in a significant increase in productivity in large firms. True or False
It usually takes less than two years for its investment to result in a significant increase in productivity in large firms False.
Computerized issuer order entry (CPOE) refers back to the technique of vendors coming into and sending remedy instructions – along with medication, laboratory, and radiology orders – through a pc utility in preference to paper, fax, or telephone.
In economics, productiveness refers to how plenty output may be produced with a given set of inputs. Productivity will increase while greater output is produced with the equal quantity of inputs or while the equal quantity of output is produced with much less inputs. There are broadly used productiveness concepts.
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