It serves as the basis for the subsequent CRM activities.
What are the exercises of CRM?A technology for managing all of your company's interactions with customers and potential customers is customer relationship management (CRM).The objective is clear: Enhance business connections. A CRM system aids businesses in enhancing profitability, streamlining procedures, and maintaining customer contact.
What serves as the basis for every CRM activity?Therefore, the so-called relationship model serves as the foundation for an effective CRM system. This necessitates having access to all pertinent information regarding your private or business clientele.
How does CRM work?The CRM process is a five-step strategy for keeping each customer interaction personalized and meaningful. The data and features your team requires to carry out this strategy and ultimately convert leads into customers are provided by a CRM system.
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which of the following costs is not deductible as an itemized medical expense? a) the cost of eyeglasses b) payments to a hospital c) transportation for medical purposes d) the cost of insurance for long-term care services e) all of these choices are deductible as medical expenses.
The cost of eyeglasses is not deductible as an itemized medical expense.
An expense is defined as any item that necessitates the payment of money, or any form of fortune in general, to another person or group in exchange for an item, service, or another category of costs. Rent is an expense for a tenant. Tuition is an expense for both students and parents.
While a cost is typically a one-time payment, an expense is best defined as a sum paid on a regular basis to support ongoing business operations. These payments are critical to a business's ability to generate revenue.
Hence, the correct answer is "A".
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the function of the role of an orienter in a group is to motivate team members to work harder toward goals. offer constructive challenges to the team's status quo. resolve differences among teammates. praise the work of teammates. establish the direction for the team.
The given statement would be true because an orienter acts as the anchor to the team and helps the team undergo various tasks.
Which of the following roles refers to behaviors that influence the quality of the team social climate rather than work?
Organizations use team building activities to foster healthy interpersonal relationships among the diverse team members. Team building helps team members communicate effectively so they may recognise each other's skills and inspire one another to achieve goals. Team task interdependence is defined as the extent to which team tasks are connected so that team members depend on one another to complete their tasks. Trust, open communication, and effective leadership are essential for effective teamwork, as well as a focus on shared objectives and shared accountability for success.
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which organization structure typically assigns workers two or more supervisors in an effort to make sure multiple dimensions of the business are integrated?
Matrix organization structure typically assigns workers two or more supervisors in an effort to make sure multiple dimensions of the business are integrated.
What do you mean matrix organization?
A matrix organization is a structure where there is more than one line of reporting managers.
What is an example of a matrix organization?
In a matrix organization, individuals work across teams and projects as well as within their own department or function. For example, a project or task team established to develop a new product might include engineers and design specialists as well as those with marketing, financial, personnel and production skills.
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stormer company reports the following amounts on its statement of cash flow: net cash provided by operating activities of $33,000; net cash used in investing activities of $12,000 and net cash used in financing activities of $15,000. if the beginning cash balance is $6,000, what is the ending cash balance?
The ending cash balance is $12,000.
Net cash provided by operating activities 33000
Add: net cash from investing activities (12000)
Add: net cash from financing activities (15000)
Net change in cash $6000
Add: beginning cash balance $6000
Ending cash balance $12000
What is cash balance?The sum of net cash that a business has on hand is known as its cash balance. To cover any unforeseen net cash outflows, this money is maintained on hand. Businesses can find themselves unable to pay their expenses without this safety net.Normally, cash balances are put toward debt repayment or given back to investors in the form of a dividend. A cash balance is especially important for companies with large variations in the timing and volume of their net cash inflows and outflows.Contrarily, businesses with a lack of cash may be pushed to engage in unwanted activities in order to enhance their financial statements and acquire operating capital, which could result in their missing out on significant possibilities.Businesses that have a large cash balance suffer from a financial drag and frequently miss out on investment possibilities.To learn more about cash balance from the given link
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several employees developed a plan to improve the efficiency of the production floor, potentially saving the organization significant amounts of money. as a result, the employees will be given a bonus of 25 percent of the economic gain that results from this plan. this type of incentive pay is known as .
Gainsharing is a management strategy that a company uses to boost revenue by inspiring staff to perform better through involvement & participation. The advantage is monetarily shared by the employees as their performance increases.
What is Gain sharing ?Profit sharing should not be mixed up with gainsharing. The distinctions between Gainsharing & profit sharing are numerous. Other names for gainsharing include gainsharing, gainshare, and gain. Another name for it is "savings sharing."
In other words, a corporation splits the savings from greater performance with its employees. Gainsharing encourages staff to collaborate more effectively rather than merely working harder in order to increase performance and reduce waste.
Gainsharing is a strategy for encouraging your staff using monetary incentives. Understanding profit-sharing can help you comprehend gain-sharing because they are extremely similar.
Gainsharing is best defined as a management style in which a company strives to improve performance by involving and involving its employees. Employees benefit financially when performance rises. It is a team effort, and typically all of the workers in a location or activity are involved.
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pipeline corporation requires its employees to have a high school diploma. in a suit against pipeline under the civil rights act, the employer shows a connection between a high school education and job performance. this is
A high school diploma is a requirement for employment in pipeline corporation. An company asserts a link between a high school diploma and employment performance in a civil rights act lawsuit against pipeline. This justification is based on commercial need.
The legal theory used to support an employer's hiring practises that disproportionately impact a group of people is known as "business necessity." It support an employer's choice to employ hiring practises that disproportionately disadvantage a particular group.
Business necessity is defined as a specific practise that is thought to be required for effective or efficient business operation and has a clear reason for being used.
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monopoly arises when: a. there is a firm desiring to compete in many markets b. there is a firm wanting to maximize profits c. there are barriers to the entry of other firms d. there is government intervention to establish and enforce a price ceiling
The correct Option is C. Monopoly arises when there are barriers to the entry of other firms.
An economics-themed board game with many players is called Monopoly. To move across the game board, acquire, trade, and develop properties with homes and hotels, players roll two dice.
To force their rivals into bankruptcy, players collect rent from them. Tax squares, Community Chest cards, and Chance cards all have a financial component. Every time they pass "Go," players are paid a stipend.
However, they also risk getting locked up and cannot leave until one of three requirements has been satisfied. House rules, numerous spin-offs, hundreds of publications, and related media are all available.
Having been published in more than 37 languages and having local licenses in more than 103 countries, Monopoly has ingrained itself into global popular culture.
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margin of safety a. if canace company, with a break-even point at $315,700 of sales, has actual sales of $410,000, what is the margin of safety expressed (1) in dollars and (2) as a percentage of sales? round the percentage to the nearest whole number. 1. $fill in the blank 1 2. fill in the blank 2 % b. if the margin of safety for canace company was 25%, fixed costs were $1,387,500, and variable costs were 75% of sales, what was the amount of actual sales (dollars)? (hint: determine the break-even in sales dollars first.) $fill in the blank 3
The margin of safety for Canace company with a break-even point at $315,700 of sales is 2,11,500.
What is margin of safety?The market price and a stock's intrinsic value are separated by a margin of safety. The margin of safety in break-even analysis refers to the amount that output or sales can drop before a business hits its break-even point. It is a concept from the accounting discipline. A no-profit, no-loss situation is the break-even point. When a stock's value exceeds its market price, it should be purchased using the margin of safety strategy. The value investing theory, which promotes capital preservation as the first investing rule, is based on this basic tenet. Benjamin Graham advised investors to focus on undervalued or underappreciated businesses with low P/E and P/B ratios. To determine whether businesses have unrecognized assets that are hidden from the public view, one need also examine financial statements and footnotes.
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Which term BEST describes the contract between the tenant and the
landlord for rental of the property?
application
O rent statement
O lease agreement
O credit agreement
O application
An official document outlining the terms as well as conditions of a lease and rent partnership between two parties is known as a tenancy agreement as well as lease agreement.
What is lease agreement?
Many landlords ask their tenants to sign lease agreements prior to moving into a rental property. An agreement known as a lease between a tenant and landlord grants the tenant the right to occupy a property for a predetermined amount of time, usually a 6- or 12-month rental period. The parties to the lease are bound by a contract between the landlord and tenant. Residential leases are agreements between a landlord and a tenant that spell out their expectations for the duration of the tenancy, as well as the rent and any pet-related restrictions. The best interests of both parties can be protected with the help of a solid, carefully thought-out, and well-written lease contract because neither party may change the terms of the agreement without the other's written consent.
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what does the income approach to value rely on when valuing single-family and two- to four-unit properties?
The income approach to value rely is based on the idea that the market value is related to rent or income that a property can return hen valuing single-family and two- to four-unit properties.
How do this phenomenon works?
Income approach is a type of real estate method that allows investors to estimate the value of a property based on the income the property generates ( either through rent or income).
While dealing with single family and two to four unit properties appraisers uses the sales comparison approach because the income varies from location to location and also the relative factors associated with it. According to the given area, rent and income generated is considered to calculate its reliance.
Therefore, The income approach to value rely is based on the idea that the market value is related to rent or income that a property can return hen valuing single-family and two- to four-unit properties.
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illcrest co. sold $500 of merchandise on a bank credit card with a 5% fee. the entry to record this sales transaction would include debit(s) to: multiple choice question.
The sum owing to a business for products or services that have been delivered or used but have not yet been paid for by clients is referred to as accounts receivable (AR). The debt to cash entrance into the record sales would be 970 dollars.
The percentage Is a value that has been multiplied by 100. In this manner, expressing 25% of a value is equivalent to expressing 25% out of 100, or 25% divided by 100. Simply multiply the total by the percentage to determine the precise number of absentees from the event. So: 160 x 25% = 160 (25/100) = 160 x\s0.25 = 40 This is so that the cash sum received will be equal to the sales values multiplied by one less the credit card fee.The amount of debt to cash that would be used to pay for the record sales would be 1000 x (1-0,03) 1000 x 0,97 = 970$.
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a reduction of the value of a nation's currency relative to the currencies of other countries is called a currency devaluation. group of answer choices true or false
True A currency devaluation is a decrease in a nation's currency's value in comparison to that of other nations' currencies.
What is an example of a currency devaluation?When a nation's government deliberately lowers the value of its currency, this is known as devaluation. Instead of allowing market forces to determine its value, a nation must bind its domestic currency to another currency before taking this action. For instance, Panama binds the balboa, the country's currency, to the US dollar.
How does currency devaluation affect things?The deliberate downward adjustment in the official exchange rate known as devaluation lowers the value of the currency; A revaluation, on the other hand, is an increase in the value of the currency. The domestic currency's lower value in comparison to other currencies is a key effect of devaluation.
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a plant asset is (depreciated/discarded/obsolete) when it is no longer useful to the company, and it has no market value.
A plant asset is discarded when it's far not beneficial to the employer and has no market cost. (Capital/sales)
In economic accounting, an asset is any resource owned or controlled by a commercial enterprise or an economic entity. it's miles whatever that can be used to supply tremendous economic fees. property represents a fee of possession that may be transformed into cash.
An asset is a useful resource with economic value that a man or woman, employer, or country owns or controls with the expectation that it's going to offer a future advantage. assets are pronounced on a company's stability sheet. they are classified as current, constant, financial, and intangible. Examples of property encompass all contemporary, capital, and intangible assets owned by means of a company and used for accounting purposes. for instance, cash, debts receivable, building, plant and gadget, goodwill, and patents.
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problem 10-14 (algo) basic variance analysis [lo10-1, lo10-2, lo10-3] becton labs, incorporated, produces various chemical compounds for industrial use. one compound, called fludex, is prepared using an elaborate distilling process. the company has developed standard costs for one unit of fludex, as follows: standard quantity or hoursstandard price or ratestandard cost direct materials2.00ounces$ 21.00per ounce$ 42.00 direct labor0.90hours$ 12.00per hour10.80 variable manufacturing overhead0.90hours$ 2.00per hour1.80 total standard cost per unit$ 54.60 during november, the following activity was recorded related to the production of fludex: materials purchased, 10,000 ounces at a cost of $197,000. there was no beginning inventory of materials; however, at the end of the month, 2,550 ounces of material remained in ending inventory. the company employs 24 lab technicians to work on the production of fludex. during november, they each worked an average of 170 hours at an average pay rate of $11.50 per hour. variable manufacturing overhead is assigned to fludex on the basis of direct labor-hours. variable manufacturing overhead costs during november totaled $4,800. during november, the company produced 3,700 units of fludex. required: 1. for direct materials: a. compute the price and quantity variances. b. the materials were purchased from a new supplier who is anxious to enter into a long-term purchase contract. would you recommend that the company sign the contract? 2. for direct labor: a. compute the rate and efficiency variances. b. in the past, the 24 technicians employed in the production of fludex consisted of 6 senior technicians and 18 assistants. during november, the company experimented with fewer senior technicians and more assistants in order to reduce labor costs. would you recommend that the new labor mix be continued? 3. compute the variable overhead rate and efficiency variances.
The variable overhead rate and efficiency variances are;
Material:
Std qty allowed 8050
(3500*2.30)
Std price 17
Actual qty purchased 11500
Actual qty used 8350
Actual price 15.55
Material price variance = Actual qty purchased (Std price-Actual price)
11500 (17-15.55) = 16675 Fav
Material Quantity variance= Std price (Std qty -Actual qty used)
17.00 (8050-8350) = 5100 Unfav
Yes.
Labour:
Std hour allowed 2100
(3500*0.60)
Std rate 13
Actual hours 2720
Actual rate 11.5
Labour rate variance = Actual hours (Std rate-Actual rate)
2720 (13-11.50 ) = 4080 Fav
Labour efficiency variance = Std rate (Std hours -Actual hours)
13 (2100-2720) = 8060 Unfav
No.
Variable Oh
Std hours allowed 2100
Std oh rate 2.5
Actual hours 2720
Actual Variable oh 3000
Variable oh rate variance= Actual hours*Std oh rate -Actual variable oh cost
2720*2.5 - 3000 = 3800 Fav
Variable Oh efficiency variance = Std oh rate (Std hours -Actual hours)
2.50 (2100-2720 ) = 1550 Unfav
The materials amount and exertions efficiency variances are generally the obligations of production managers and supervisors. The substances rate variance can be computed at what distinct points in time?
There are numerous kinds of performance, including allocative and productive performance, technical efficiency, 'X' performance, dynamic performance and social efficiency.
The performance principle states that a movement achieves the most gain whilst marginal blessings from its allocation of resources are identical to marginal social fees. The purpose is to provide desired products at the lowest possible cost, removing deadweight loss or misused assets.
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the percentage analysis of increases and decreases in indivudual items in comparative financial statements is called
The term "horizontal analysis" refers to the percentage analysis of increases and decreases in individual items in comparative financial statements.
Financial statements are verified records of a company, a person, or another entity's financial activity and position. Financial information that is relevant is organized and presented in an approachable manner. Financial statements are written records that describe the operations and financial performance of a company. To ensure accuracy and for tax, financing, or investing purposes, financial statements are frequently audited by government agencies, accountants, firms, etc. The cash flow statement, income statement, and balance sheet are the three primary types of financial statements. A company's assets, liabilities, revenues, expenses, and cash flows from operating, investing, and financing operations are all displayed in combination by these three statements. Depending on a company's income and assets, the government can impose taxes on it.
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The manufacturer of a computer game planned to produce the game for a cost of $15 and sell it for $30. however, in the first month, the company sold only 100,000 games. a marketing research group suggests that by dropping their price to $20 they could probably increase sales to about 200,000 games in the next month. production costs would stay the same, and the manufacturer has the capacity to produce 200,000 games. which of these options is the best for the coming month when considering marginal costs and benefits?
The best option for the manufacture in the coming month when considering marginal costs and benefits is keeping the price at $30 to retain the image of a quality product.
This option is not only to retain the quality of the product, but it also avoids your customer being confused about why your company decreasing the price. is it means the quality decrease too? So it's better to keep selling it for $30 and increase the quality than your sold for $20, but not guarantee it would be sold in more units. Marginal cost also says to the increase or decrease in the value of producing one more items or serving one more customer. It is also called as incremental cost.
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There are 8,536 dog owners in a town and a pet supply store wants to survey those owners to determine what types of dog-grooming services and supplies they prefer. The researchers want to have completed surveys from 4 percent of the owners and experience has shown that 60 percent of all people asked will complete a survey. How many people should be selected to participate in order to have the correct number of completed surveys?
The number of people that need to be selected for the researchers to have the correct number of completed surveys is 569 people
How to find the number of people?First, find out 4% of the number of dog owners in town as this is the amount of people that the researchers want to complete surveys:
= Number of dog owners in town x 4%
= 8, 536 x 4%
= 341 people
This 341 people would then need to represent only 60% of the number of people that need to be selected to participate as only 60% of people complete surveys.
The number of people to be selected is:
= 4% of the people / 60 %
= 341 / 60%
= 569 people
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which of the following is one of deming's fourteen principles of management? set targets for the work force asking for zero defects and new levels of productivity. develop work standards (quotas) on the factory floor. institute a vigorous program of education and self-improvement. move toward multiple suppliers for any one item. establish the need for inspection on a mass basis.
Develop work standards (quotas) on the factory floor is is one of Deming's fourteen principles of management. The British Library, Peter Drucker: the father of management thought.
The activities that "plan, organise, and control the operations of the basic elements of [people], materials, machines, methods, money, and markets, providing direction and coordination, and giving leadership to human efforts, in order to achieve the sought objectives," are what are formally referred to as management principles. A manager's job is to give all efforts to achieving organisational objectives general direction and Develop. Increasing productivity through effective planning, organizing, controlling, and directing, management contributes to the business's increased efficiency.
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one way to protect us makers of refrigerators from international competition is to limit the number of foreign-made refrigerators that can be imported into the country. this would be an example of .
Limiting the amount of foreign-made refrigerators that may be brought into the country is one strategy to safeguard American refrigerator manufacturers from worldwide competition. An example of an import quota would be this. As a result, the correct term is an import quota.
What is an import quota?An import quota is a sort of trade restriction that establishes a physical limit on the amount of an item that may be imported into a nation over a specific time period. Quotas, like other trade restrictions, are generally implemented to benefit the economy's producers of an item (protectionism).
For example, China has a quota of 300,000 tonnes per year for Cambodian rice exports.
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because of fixed costs, net operating income does not change in proportion to changes in the level of activity which is called the effect
It is true that due to fixed expenses, net operating revenue does not fluctuate in line with changes in activity levels.
What do you mean income?The amounts of money, assets, and other exchanges of value obtained over a predetermined time frame in return for products or services are often referred to as "income." Income is defined in relation to the topic in which the word is employed; there isn't a single, universal definition.
What is an example of income?Earnings from a portfolio or passive income may be considered ordinary income. Rental income and consistent dividends from investments are two examples. Distributions from pensions or retirement accounts are also considered to be ordinary income.
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garden variety flower shop uses 750 clay pots a month. the pots are purchased at $2 each. annual carrying costs per pot are estimated to be 30 percent of cost, and ordering costs are $20 per order. the manager has been using an order size of 1,500 flower pots. a. what additional annual cost is the shop incurring by staying with this order size? (round your intermediate calculations and final answer to 2 decimal places.)
It has the lowest inventory cost, this is the best order size. The holding cost and ordering cost are balanced at this level. It cuts out the need to keep a lot of inventory.
9000 = 750 x 12 = demand (D).
Order cost(s) = $20
Holding cost = $2 x 0.30 = $0.60
[tex]\sqrt{} ((2*D*S)/h) = EOQ\\\sqrt{} ((2*9000*20)/0.9) = EOQ[/tex]
EOQ = 632.455 clay pots
How is the economic order quantity calculated?You will require the following variables to calculate the economic order quantity: cost of setting up, cost of holding, and demand rate. The equation is: The EOQ is the square root of:2] / holding costs (setup costs x demand rate).
What is EOQ and how significant is it?The ideal economic order quantity of an item for inventory that businesses should purchase to reduce inventory costs includes: Costs of ordering: The expenses incurred by a business when placing an order for inventory are referred to as ordering costs.
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when employees suggest changes in a positive way and make innovative suggestions for change, they are exhibiting:
when employees suggest changes in a positive way and make innovative suggestions for change, voice behavior is exhibited:
Voice conduct refers back to the behavior that proactively situations the status quo and makes constructive modifications. preceding studies have explored the antecedents of personnel' voice conduct, however to whom employees are probably to voice their thoughts has remained not often tested.
voice conduct is difficult and transformative in nature, therefore, voice conduct is regularly accompanied by struggle or hazard, which made employees more careful approximately voice. therefore, employees frequently select to “know but keep silent,” and generally tend to accurately guard themselves. The phenomena are in particular obvious in China’s enterprise, in which concord is valued and with higher electricity distance.
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suppose that angela spends all of her income on two goods, pizza and soda. if the price of pizza falls then:
Minor Utility means the utility or fulfillment got by spending an extra dollar on another unti of a singular decent. The marginal utility/price ratio changes when the price of two goods changes.
Let's say angela spends her entire income on two items: pizza and books about fiction B. The current marginal utility per dollar spent on pizza will decrease if the price of pizza goes up. The marginal utility will change as the price goes up.
What is an illustration of marginal utility?A consumer's enjoyment from each additional unit of consumption is called marginal utility. It determines the utility beyond the initial consumption of the product. The marginal utility is the utility gained from purchasing a second bottle of water after purchasing a first one.
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Full Question - Suppose that angela spends all of her income on two goods: pizza and fiction novels. If the price of pizza rises, then
A. The current marginal utility per dollar spent on pizza will rise
B. The current marginal utility per dollar spent on pizza will fall
C. The current marginal utility per dollar spent on fiction novels will rise
D. The current marginal utility per dollar spent on fiction novels will fall
the pervasiveness of unpredictability in job hours and schedules that makes it difficult for workers to control time is known as , which is so common among less-educated workers in the united states.
Unexpected incomes, which are so prevalent among lower-educated employees in the United States, are the all-pervasiveness of unpredictable job hours and schedules that make it challenging for workers to govern time.
Unpredictable hours translate to unpredictability in pay for hourly workers. According to an analysis, three out of every four hourly wage workers between the ages of 26 and 32 say that their hours vary from week to week. In a month, there are typically 10 hours between a worker's shortest and longest workweek.
When determining whether a worker will be subject to just-in-time scheduling, industry is very important. In the leisure and hospitality sector, three out of four employees receive their schedules less than one month in advance, with the majority receiving notice of less than two weeks.
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which of the following are examples of controls used by a supervisor? group of answer choices planning and budgeting and performance appraisal systems and other feedback management by objectives (mbo) and performance standards planning and budgeting performance appraisal systems and other feedback all answer choices are correct
The process of ongoing communication & feedback a manager and employee aimed at achieving organizational goals is known as performance management.
What is performance standards planning ?Performance expectations must be precise, measurable, realistic, and documented in writing or another way. The standards ought to be specified in terms of the precise performance measurement tools that will be employed.
An articulation of the production initially given), requirement(s), or expectation(s) that must be met in order to be evaluated at a specific level of performance is called a performance standard. Each important component must have a Fully Successful (or comparable) standard created for it, and it must be mentioned in the performance evaluations plan.
The goal of performance management is to guarantee that the organization's strategic goals are met through ongoing feedback and communication among managers and their staff.
Five essential steps make up the performance management cycle. No of how frequently you evaluate employee performance, these measures are necessary.
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if wendy's airs a television advertisement delivering a message about a special promotion at its restaurants, wendy's is the blank in the communication process. multiple choice question. receiver source channel field of experience
If Wendy's airs a television advertisement delivering a message about a special promotion at its restaurant, Wendy's is the SOURCE in the communication process.
Four essential elements make up the communication process. These elements consist of encoding, transmission medium, decoding, and feedback. Two additional factors are involved in the process, and those two additional factors are represented by the sender and the receiver.
There are five steps in the communication process: idea generation, encoding, channel selection, decoding, and feedback. Noise is anything that obstructs effective communication.
The actions we take to successfully communicate are referred to as the communication process. The sending party, message encoding, channel selection, message receipt by the recipient, and message decoding are all aspects of the communication process.
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shareholders are never allowed or required to recognize gains or losses on a liquidating distribution. a. true. b. false.
True, shareholders are never permitted or compelled to acknowledge gains or losses on a liquidation payout. Hence, the right choice is true.
What does the term shareholder mean?A shareholder of a corporation is an individual or legal organization who is registered as the legal owner of shares of a public or private corporation's share capital by the corporation. A corporation's shareholders may be referred to as members. A person or legal entity becomes a shareholder in a corporation when their name and other details are entered in the corporation's register of shareholders or members, and the corporation is not required or permitted to inquire about the beneficial ownership of the shares unless required or permitted by law. In most cases, a business cannot own its own stock.
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a 40-year-old man in the u.s. has a 0.247% risk of dying during the next year. an insurance company charges $280 per year for a life-insurance policy that pays a $100,000 death benefit. what is the expected value for the person buying the insurance? round your answer to the nearest cent. be careful with negative signs.
The expected value is the sum of the gain or loss if an event occurs and the probability of that event. People who are afraid of risk will pay to avoid it. The foundation of insurance is this.
How is expected value calculated?Simply multiply each value of the discrete random variable X by its probability and add the products to get the expected value, E(X), or mean. The formula is as follows: E (X) = = x P (x)
(0.00242)(99725)+(0.99758)(-275) = -$33 is the expected value.
What is expected value to the customer?A customer's expectation of the quality of a company's products or services is measured by customer expectations.
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which product characteristics would prompt the most intensive inspection? multiple choice question. low-cost, high-volume low-volume, high-cost moderate-cost, medium-volume
Low-volume and high-cost are the product characteristics that would prompt the most intensive inspection.
In order to further describe each product, product characteristics can be added to the product definition. Size, form, weight, color, quality, hardness, and other attributes are a few examples of product qualities. Depending on your product and how its functional design criteria have been developed, the list of product attributes may vary.
Regarding reliability, quality, and safety, some product features are more important than others. It may be crucial to recognize those who are most significant.
Product qualities are all the minor details of a product that have an impact on the consumer's choice to purchase. Therefore, a buyer may be prompted to make a purchase as a result of a product attribute that directly adds value to them.
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in highly cohesive teams, when members try to maintain harmony by striving toward consensus on issues without ever offering, seeking, or seriously considering alternative viewpoints and perspectives, this is
Groupthink occurs when members of highly cohesive teams try to maintain harmony by working toward an agreement on topics without ever presenting, seeking out, or properly considering alternate thoughts and perspectives.
Groupthink is a phenomenon that happens when people come to an agreement without using critical thinking or weighing the pros and drawbacks.
The foundation of groupthink is a shared desire to keep the balance of the group. In this situation, the urge for group cohesion effectively stifles wise judgment and creative problem-solving.
A typical everyday example of groupthink is the internal justification of unfair business practices and the unwillingness to speak out against them.
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