A diversification strategy must avoid adding businesses that place an undue strain on nonfinancial resources such as marketing support, managerial talent, technology and information systems.
What is diversification strategy ?When a company wants to grow, it employs a diversification strategy. It is the process of introducing a new product in to the your supply chain to boost profits. These products could be in a new industry segment that your company already operates in, which is known as business-level diversification.Diversification is a risk-management strategy used by businesses to expand into new markets and industries and increase profitability. This can be accomplished by introducing new products and services into new markets, attracting new customers, and increasing profitability.Diversification seeks to maximize returns by investing in various areas that will react differently to the same event.
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alex measured the length of an item to be 3.9 cm. the actual length is 3.5 cm what is alex percent error ?
Answer:
11.42 %
Explanation:
The formula for calculating percentage error
percentage error = observed value - actual value x 100
actual value
Percentage error = 3.9- 3.5 x 100
3.5
Percentage error = 0.4 x 100
3.5
Percentage error =0.1142 x 100
Percentage error = 11.42 %
How do differences in the national income of different countries affect their economic development ?
Answer:
National is the total number of goods and services produced in a country in a given year.
Explanation:
National Income is simply a country's wealth and it goes a long way in shaping the economic development of a country. From, the definition of national income, we should know that every country national income( i.e the net amount of income of the citizens by production in a year) will differ hence, the difference in their economic development.
National Incomecan be classified in to two namely:
GDP: Gross domestic product is the aggregate value of goods and services produced in a country. it is used to measure a country 's economic growth.
GNP: Gross National Product on the other hand is the estimated value of the final goods and services produced by a country during a specific period of time (usually a year),before allowance is made for the depreciation or consumption of capital used in the process of production.
IF country A GDP is 52,000 while that of Country B is 45,000. We can say country A is economically developed than country B. i.e Country A is experiencing more positive growth than country B.
This explains a vivid answer to the above question as all country can not grow at the same rate since their national income differs. the higher the national income of a country, the better it is from others.
The elasticity of demand for a good is –0.75. A 4% increase in price will cause a:______.
A) 3% iecrease in quantity demanded.B) 5.33% decrease in quantity demanded.C) 5.33% increase in quantity demanded.D) 0.19% decrease in quantity demanded.
Answer:
A) 3% decrease in quantity demanded.
Explanation:
As we know that
The price elasticity of demand is
= Percentage Change in quantity demanded ÷ Percentage change in price
Since the elasticity of demand is -0.75
And, there is a price of 4%
Since, the price elasticity of demand is in negative that means the quantity demanded is decreased by 3% that comes from
= 4% × - 0.75
= -3%
Hence, the first option is correct
Recently, foreign companies have invested more in business in________than they have spent anywhere else in the world.
Recently, foreign companies have invested more in business in a particular region or country than they have spent anywhere else in the world.
Companies are putting a significant amount of money into starting or expanding their business operations in this specific location. This can have a significant impact on the economy and development of the region, as well as creating job opportunities for the local population.
In mathematical terms, we can measure the level of investment by using the concept of net foreign direct investment (NFDI). NFDI represents the difference between the inflows and outflows of investment into a country.
To further understand the level of investment, we can use the formula:
NFDI = Inflows of foreign investment – Outflows of foreign investment.
The higher the NFDI value, the greater the level of investment being made by foreign companies in the region.
In conclusion, the increased investment by foreign companies in a certain region or country can be seen as a positive sign of economic growth, and it is important to understand the level of investment through mathematical measurements such as NFDI.
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All of the following describe characteristics of organizational change EXCEPT
O a. an organization may resist change.
O b. an organization may promote change.
O c. change is inevitable.
O d. resistance to change should be eliminated.
o e. resistance to change is inevitable.
All of the following describe characteristics of organizational change EXCEPT d. resistance to change should be eliminated.
What is an organization?An organization is a group of people who cooperate, such as a firm, neighborhood association, charity, or union. The term "organization" can be used to describe a person, a group, a company, or the process of creating or developing anything.
An organization is a formal gathering of people, such as a business, charity, political party, or club. The majority of these specialty schools are run by nonprofit institutions. ... an International Labor Organization report. Synonyms: organization, firm, party, or body Additional words for organization
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Gus receives a paycheck at the end of every week. Which reinforcement schedule is this?.
The reinforcement schedule that is used when he receives a paycheck at the end of every week is known as a fixed interval schedule.
What is a fixed interval schedule?This schedule are those that occurs when the first response is rewarded only after a specified amount of time has elapsed.
As the weekly schedule is followed, then, the reinforcement schedule s known as a fixed interval schedule.
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What annual rate of return will keiko earn if she invests $ today and receives $ in years?
Keiko will earn an annual rate of return of approximately 5.76%.
To calculate the annual rate of return, we can use the formula for compound interest:
\(\[A = P(1 + r/n)^{nt}\]\)
Where:
A = the future value of the investment
P = the initial principal (investment amount)
r = the annual interest rate (in decimal form)
n = the number of times the interest is compounded per year
t = the number of years
In this case, we need to solve for the annual interest rate (r). We know that the initial principal (P) is $360.00, the future value (A) is $899.85, and the time (t) is 11 years.
Let's substitute these values into the formula and solve for r:
\(\[899.85 = 360(1 + r/1)^{1*11}\]\)
Dividing both sides of the equation by 360, we get:
\(\[2.49958333 = (1 + r)^{11}\]\)
Now, let's isolate (1 + r) and take the 11th root of both sides:
\(\[(1 + r) = (2.49958333)^{1/11}\]\)
Subtracting 1 from both sides:
\(\[r = (2.49958333)^{1/11} - 1\]\)
\(r = 0.0576\)
\(\[r = 5.76\%\]\)
Therefore, Keiko will earn an annual rate of return of approximately 5.76% if she invests $360.00 today and receives $899.85 in 11 years.
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Complete Question:
Keiko is looking at the following investment choices and wants to know what annual rate of return each choice produces.
a. Invest $360.00 and receive $899.85 in 11 years.
b. Invest $2,600.00 and receive $11,938.46 in 17 years.
c. Invest $31,950.29 and receive $140,000.00 in 26 years
d. Invest $31,820.16 and receive $1,400,000.00 in 50 years.
What annual rate of return will Keiko earn if she invests $360.00 today and receives $899.85 in 11 years? ( Round to two decimal places.)
The next time you need to make a choice, your brain will use what what method?
Answer:
Imagine you have just flicked a lighter. If you don’t see the flame, you will naturally try a second time. If after the second attempt it does not strike a flame, you will repeat your action again and again until it does. Eventually, you’ll see the flame and you’ll know that your lighter works. But what if it doesn’t? How long are you going to flick the lighter until you decide to give up?
Our everyday life is full of such decision dilemmas and uncertainty. We constantly have to choose between options, whether we make the most ordinary decisions – should I continue flicking this lighter? – or life-changing choices – should I leave this relationship? We can either keep on doing what we are already used to do, or risk unexplored options that could turn out much more valuable.
Some people are naturally inclined to take more chances, while others prefer to hold on to what they know best. Yet being curious and explorative is fundamental for humans and animals to find out how best to harvest resources such as water, food or money. While looking at the Belém Tower – a symbol of Portugal’s great maritime discoveries – from my office window, I often wonder what drives people to explore the unknown and what goes on in their brains when weighing pros and cons for trying something new. To answer these questions, together with Dr. Zachary Mainen and his team of neuroscientists, we investigate how the brain deals with uncertainty when making decisions.
Explanation:
It is well known that the decision-making process results from communication between the prefrontal cortex (working memory) and hippocampus (long-term memory). However, there are other regions of the brain that play essential roles in making decisions, but their exact mechanisms of action still are unknown.
URGENT!! PLEASE SOLVE THIS QUICKLY. IT IS ABOUT RATIOS IN FINANCIAL
ACCOUNTING
DATA
GROUP A Name Surname: a) Calculate the below ratios for the fiscal years 2019 and 2018. b) Explain what the ratio indicates and compare the ratios for the two consecutive years to judge how the compan
To calculate the ratios, we need financial accounting data for a company for the fiscal years 2019 and 2018. Financial ratios are very useful for interpreting financial statements.
This analysis helps to compare different accounts of a company and to make sound business decisions. Following are the financial ratios to be calculated: 1. Profit Margin = Net Income / Total Sales2. Gross Margin = Gross Profit / Total Sales3.
Return on Assets (ROA) = Net Income / Total Assets4. Current Ratio = Current Assets / Current Liabilities5. Quick Ratio = (Current Assets - Inventory) / Current Liabilitiesa) Calculation of the above ratios for the fiscal years 2019 and 2018 are as follows:RatioName 20192018Profit Margin.
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which characteristic of insurance means that only one party, the insurer, defines and prepares the insurance contract, which is non-negotiable by the other party? aleatory conditional unilateral adhesion
The characteristic of insurance that describes this scenario is called adhesion. Adhesion means that only one party, the insurer, defines and prepares the insurance contract, which is non-negotiable by the other party.
The characteristic of insurance you're referring to is "adhesion." In an adhesion insurance contract, only one party (the insurer) defines and prepares the terms of the contract, and these terms are non-negotiable for the other party (the insured).
The characteristic of insurance that describes this scenario is called adhesion. Adhesion means that only one party, the insurer, defines and prepares the insurance contract, which is non-negotiable by the other party. This is because the insured party typically has little to no bargaining power and must accept the terms offered by the insurer. This type of contract is also referred to as a standard form contract or a take-it-or-leave-it contract.
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What is the primary purpose of ABC's T.R.A.C.E. program?
The primary purpose of ABC's TRACE program is to identify and investigate where persons under 21 years of age obtained alcohol and who was killed or obtained serious injury or accident.
What is the ABC's TRACE program?The program involves a protocol that allows first responders to respond immediately by notifying ABC when an incident involves a person under 21 and an alcoholic beverage that results in great bodily injury or death.
Hence, the primary purpose of ABC's TRACE program is to identify and investigate where persons under 21 years of age obtained alcohol and who was killed or obtained serious injury or accident.
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What should customer service representatives use to achieve a win-win outcome between customers and their employer?
both hard and soft skills
sales strategies
persuasion
goals and objectives
Answer:
i think it is the 3rd one I'm not sure but I need help on one of mine and it would be really good if you can help me I will appreciateit
Which style of decision making will consumers who develop brand loyalty use?
A.extensive decision making
B.limited decision making
C.routine decision making
D.opportunity based decision making
Nora was looking forward to the training programme which she had been hired to conduct at Syarikat Ceria Selalu. She was an experienced trainer and enjoyed meeting people from different organizations. However, when she arrived at Syarikat Ceria Selalu, a company for which she had never previously conducted training, she was shocked. Upon arriving at the main gate of the large factory compound, she found that the security staff had not been informed that a training programme was being organized that day. Further, as they didn’t seem to speak much Bahasa Malaysia or English, she could not explain to them that she needed to find the Training Department. They waved her in the general direction of the main office lobby where the HR Officer was contacted by the receptionist, who also did not know about the planned training. She had to wait nearly half an hour before the HR Officer arrived to take care of her to the meeting room which was being used for the training.
It was immediate
equipment cost $36,000 and is expected to be useful for 5 years and have no salvage value. under the straight-line method, monthly depreciation will be:
The equipment costs $36,000 and is expected to be useful for 5 years with no salvage value. To calculate the monthly depreciation using the straight-line method, follow these steps:
1. Determine the total depreciation: Equipment cost - Salvage value = $36,000 - $0 = $36,000
2. Calculate the annual depreciation: Total depreciation / Useful life in years = $36,000 / 5 = $7,200 per year
3. Calculate the monthly depreciation: Annual depreciation / 12 months = $7,200 / 12 = $600 per month
Under the straight-line method, the monthly depreciation for the equipment will be $600.
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Write down the career you want to pursue and identify which of the four assessments you learned about in the lesson you need to take for your career.
Answer:
Explanation:
As a chartered accountant, I want to pursue a career in accounting and finance. From the lesson I learned about, I believe I need to take the following four assessments to further my career:
Aptitude test: This assessment will evaluate my cognitive abilities and problem-solving skills, which are important for success in the field of accounting and finance.
Personality test: This assessment will help determine my personal strengths, values, and communication style, which are important qualities for a chartered accountant to possess.
Interest inventory: This assessment will help me understand my interests and passions, which can guide my career path as a chartered accountant.
Work style assessment: This assessment will help me understand my work habits and preferences, which can inform my approach to tasks and projects as a chartered accountant.
Answer:
I want to teach English literature and therefore I want to become a professor at a reputed university. I will have to take the SAT exam in order to get admission in a good college.
Explanation:
When you purchase shares of a company in the market, who are you buying those shares from?
Answer:
Normally, you are buying those shares from someone who already owns them. You are not buying them directly from the company itself, but instead someone who owns shares from the company, called a shareholder or stockholder.
Explanation:
I hope this helps! :)
PLS ANSWER FAST, I'LL GIVE BRAINLIEST
In the healthcare field, there are face-to-face types of jobs and behind-the-scenes jobs. What is the difference between the two? PLEASE give an example of each with your answer.
Answer:
The answer is below
Explanation:
Face-to-face types of jobs is usually a clinical job that involves the practice or activities of carrying out the diagnosis, treatment, and actual care. For example Physician, Nurse, Surgical Assistant, Medical lab technician, etc.
On the other hand, Behind-the-scenes jobs in the healthcare fields are usually non-clinical jobs, while it may involve interaction with the patients, it does not involve the practice of medical testing or treatments. For example Medical billers and Coders, Transcriptionists, Hospital executives, Receptionists, etc.
The difference between the two is that some doctors meet with the patient and observe their symptoms. Other doctors diagnose what a patient may have by using the knowledge the other doctors provide them with.
Example of a doctor who interacts with the patient face-to-face:
pediatrician
Example of a doctor who works behind the scenes:
Intensevist
Paulette, Camille, and Hortense each own wineries in France. They produce inexpensive, mass-market wines. Over the last few years, such wines sold for 7 euros per bottle, but with a global recession, the price has fallen to 5 euros per bottle. Given the information below, calculate each winemaker's profit. Winemaker Fixed Costs Variable Costs Recession Revenues Profits Paulette 50,000 80,000 120,000 Camille 100,000 40,000 70,000 Hortense 200,000 250,000 200,000
The each winemaker's profit is 70000 and -250000 for Camille and Hortense respectively and Paulette's profit is - 10000.
Profit is the amount that the company earns over the cost of the production they have used in the business
Elaborating:For Paulette it is 120000-50000-80000= -10000
So this is calculated by deducting fixed and variable cost from revenue
Same will be for other two mentioned.
-70000 and -250000 for Camille and Hortense respectively
Variable costs:Costs that fluctuate in response to changes in the quantity of a product or service produced by a company are referred to as variable costs.The sum of marginal costs for all units produced constitutes variable costs. They can also be regarded as standard expenses. The total cost is made up of two parts: fixed costs and variable costs.
Costs that do not change when production or sales volumes increase or decrease are known as fixed costs. This is on the grounds that they are not straightforwardly connected with assembling an item or conveying a help. Consequently, fixed costs are regarded as indirect costs.
Question incomplete:Paulette, Camille, and Hortense each own wineries in France. They produce inexpensive, mass-market wines. Over the last few years, such wines sold for 7 euros per bottle, but with a global recession, the price has fallen to 5 euros per bottle. Given the information below, calculate each winemaker's profit. Winemaker Fixed Costs Variable Costs Recession Revenues Profits Paulette 50,000 80,000 120,000 Camille 100,000 40,000 70,000 Hortense 200,000 250,000 200,000
A. Paulette -10,000, Camille = -70,000, Hortense = -250,000
B. Paulette 40,000, Camille = 30,000, Hortense = -50,000
C. Paulette 70,000, Camille = -30,000, Hortense = 0
D. Paulette = 90,000, Camille = 10,000, Hortense = 150,000
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a chain of cause-and-effect relationships that appropriately link the four balanced scorecard perspectives is: group of answer choices a high return on investment causes customer loyalty that results in skilled production workers that improve process quality. customer loyalty results in a high return on investment that results in the ability to attract skilled production workers that improve process quality. skilled production workers help to produce process quality that results in customer loyalty that helps to increase return on investment. improved process quality results in a high return on investment that causes customer loyalty that results in the ability to attract skilled production workers.
The chain of cause-and-effect relationships that appropriately link the four balanced scorecard perspectives is: improved process quality results in a high return on investment that causes customer loyalty that results in the ability to attract skilled production workers.
According to the balanced scorecard framework, the four perspectives - financial, customer, internal business processes, and learning and growth - are interconnected and influence each other. In this chain of cause-and-effect relationships, improved process quality leads to a high return on investment, which in turn leads to customer loyalty.
Customer loyalty then enables the organization to attract skilled production workers, which further improves process quality. This cycle of continuous improvement helps the organization achieve its strategic goals and objectives.
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Adnan Hassan earned 5% commission as a sales trainee. After
promotion to a sales associate, he earned 8% commission. His year-end
report showed $673,874 in total sales and $45,006.52 in commission.
What did his sales total as (a) a sales trainee and (b) a sales associate?
Answer:
He earns $296780 as a Sales Trainee and $377094 as a Sales Associate
Explanation:
Given
Let x represents his sales as a sales trainee
Let x represents his sales as a sales associate
Total Sales: \(x + y = 673874\)
Total Commission: \(0.05x + 0.08y = 45006.52\)
Required
Find x and y
Equations
\(x + y = 673874\) --- (1)
\(0.05x + 0.08y = 45006.52\) --- (2)
Make y the subject of formula in (1)
\(x + y = 673874\)
\(y = 673874 - x\)
Substitute this in (2)
\(0.05x + 0.08y = 45006.52\)
\(0.05x + 0.08(673874 - x) = 45006.52\)
Open Bracket
\(0.05x + 53909.92 - 0.08x = 45006.52\)
Collect Like Terms
\(0.05x - 0.08x = 45006.52 - 53909.92\)
\(- 0.03x = -8903.4\)
Divide through by -0.03
\(x = \frac{-8903.4}{-0.03}\)
\(x = 296780\)
Recall that
\(y = 673874 - x\)
\(y = 673874 - 296780\)
\(y = 377094\)
Hence;
He earns $296780 as a Sales Trainee and $377094 as a Sales Associate
Team players are sought-after employees
True
False
Answer:
true,
Explanation:
What was the impact of the increase in cotton production?
However, significant increase in production during War of 1812 led to so-called cotton boom and by middle of 20th century, cotton had emerged as most significant American commodity and cash crop for economy of south.
What is a commodity?A commodity is a raw material or primary agricultural product that can be bought and sold, such as copper, gold, coffee, wheat or oil. These goods are usually produced in large quantities, traded in standardized units, and their prices are determined by the market demand and supply. Commodities can be physically traded, such as oil or wheat, or traded through financial contracts, such as futures or options. The prices of commodities can fluctuate widely, influenced by factors such as weather, natural disasters, political instability, and global economic conditions. Commodities play a crucial role in the global economy, as they are used to produce a wide range of goods and services and traded globally by governments, companies, and individuals.
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Branch of economics concerned with individual units such as industries, firms and households a. Microeconomics b. Macroeconomics c. Normative Economics d. International Economics e. Positive Economics
The branch of economics concerned with individual units such as industries, firms and households is Microeconomics is Microeconomics
Microeconomics is the branch of economics that focuses on the study of economic agents such as households, firms, and individuals and their interactions in decision-making. The economic agents are observed to have constraints and make decisions with the primary goal of maximizing their utility or profits in the market. The branch of economics concerned with individual units such as industries, firms and households is Microeconomics. Explanation:
Microeconomics is concerned with how people use their resources in a market and how prices are determined in individual markets. It involves analyzing market behaviors and predicting how individuals and firms respond to different situations. It is concerned with supply and demand in markets for goods and services, how firms and households respond to incentives, and how they interact in the market.
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What is a difference between being cheap and rich?
a bicycle taxi in the historic district of a city has room for one seat, available for anyone to rent. what type of good best describes this taxi seat?
The bicycle taxi seat can be classified as a service. This is because it is an intangible product that is provided by the bicycle taxi driver to the passenger, rather than a physical product that can be owned or possessed.
The bicycle taxi seat can also be considered a perishable service, as it has limited availability and can only be used by one passenger at a time. Additionally, the service is consumed immediately as soon as the ride is over, and cannot be stored or used at a later time. This makes it different from other types of goods, such as durable goods that can be used repeatedly over an extended period of time.
Overall, the bicycle taxi seat represents a unique type of service that is designed to meet the immediate transportation needs of passengers in the historic district of the city.
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a) Use an appropriate diagram, to explain how the Permanent Income Theory of Consumption reconciles the results of cross-section and time series estimate of the Keynesian aggregate consumption function. (15 marks)
(b) With the help of a diagram, explain the effect of an increase in nominal income on interest rate.
a) The expected permanent income (Pt) is defined as the average expected income over an extended period, which includes current income and other sources of income such as investments and inheritance.
b) Real Interest Rate = Nominal Interest Rate - Inflation Rate
Therefore, the rise in nominal income will lead to an increase in interest rates.
Explanation:
a) The Permanent Income Theory of Consumption (PITC) reconciles the differences between cross-section and time-series estimates of the Keynesian aggregate consumption function by emphasizing on the long-run relationship between consumption and income.PITC predicts that people's consumption is a function of expected permanent income rather than current income. This theory suggests that individuals base their consumption on a lifetime average of their income, not just the current level of their income. According to PITC, consumption is calculated as a linear combination of current income and expected permanent income, which can be expressed as follows: Ct = aYt + bPt, Where,
Ct = Consumption
Yt = Current income
Pt = Permanent income
The expected permanent income (Pt) is defined as the average expected income over an extended period, which includes current income and other sources of income such as investments and inheritance.
This consumption function depicts that when permanent income increases, consumption will also increase. PITC recognizes that households consume a portion of their permanent income in addition to a portion of their current income. The increase in permanent income may not result in an immediate increase in consumption, but it will boost the consumption function over time.
b) An increase in nominal income will increase the demand for money. This increase in money demand will result in a rightward shift of the money demand curve. The increase in the money demand curve will raise the equilibrium nominal interest rate and cause the real interest rate to increase, as shown below:
Real Interest Rate = Nominal Interest Rate - Inflation Rate
Therefore, the rise in nominal income will lead to an increase in interest rates.
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What are the 4Ps with go to market strategy?
The 4Ps in a go-to-market strategy are Product, Price, Place, and Promotion. These elements form the marketing mix, which is a comprehensive framework for businesses to plan and execute their market strategies.
1. Product: This involves identifying the features, benefits, and unique selling points of the product or service being offered. It also includes considerations like product design, packaging, and branding.
2. Price: This focuses on determining the appropriate pricing strategy for the product or service. Factors to consider include production costs, target market, competition, and perceived value.
3. Place: This refers to the distribution channels used to make the product or service available to customers. This can include physical locations, like retail stores, and online platforms, such as e-commerce websites.
4. Promotion: This encompasses the communication and advertising strategies used to raise awareness and generate interest in the product or service. Tactics can include traditional media (e.g., print, TV, radio) and digital marketing (e.g., social media, email marketing, search engine optimization).
In summary, the 4Ps in a go-to-market strategy are Product, Price, Place, and Promotion, and they help businesses effectively plan and implement their marketing strategies in the market.
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The liberty of man in society is to be under no other legislative power but that established by consent in the commonwealth.
Answer: The liberty of man, in society, is to be under no other legislative power, but that established, by consent, in the commonwealth; nor under the dominion of any will, or restraint of any law, but what that legislative shall enact, according to the trust put in it.
Explanation:
Select the correct answer from each drop-down menu. Kevin is a store manager and has employees from diverse cultures reporting to him. He has often seen Marcos having arguments with his colleagues, Kwa Lee and Gaurav. What can Kevin do to ensure that there is team spirit and effective communication amongst all? Kevin can first be aware of his own attitude to diversity . He can also assess Marcos and him to change his behavior toward his other colleagues. He can also think of putting them together into similar departments to encourage .
Kevin leads in an autocratic manner since he just cares about his work. He seldom ever notices his subordinates. He doesn't even compensate the workers for their efforts.
Autocratic or authoritarian behavior as a leadership style.
An authoritarian leader consolidates his own personal control over both decision-making and authority. Without speaking to the workforce, he gives directions and assigns endeavors and liabilities. The pioneer assumes all authority and responsibility.
Negative leadership that relies on threats and punishment is autocratic.
Subordinates go about as he coordinates. He neither really focuses on their perspectives nor licenses them to impact the choice. He accepts that due to his position he alone can conclude what is best in a given circumstance.
Close oversight, unambiguous guidance, and directing requests from the majority are the foundations of autocratic leadership. It functions with quick decisions, brief activity, and heading unity. A lower level of appointment is required. Nevertheless, an excess of purpose of power could result in strikes and current debates. It makes sense to instill dissatisfaction and impede the growth of the employee limit.
Kevin leads in an autocratic manner since he just cares about his work. He seldom ever notices his subordinates. He doesn't even compensate the workers for their efforts. Individual control over all choices and little participation from the group are traits of his behavior. He frequently disregards advice and makes decisions based solely on his opinions and judgments.
These sorts of choice include the utilization of power gave on the singular taking the choice by the association's design. Hierarchical decisions are those decisions taken simply in light of a legitimate concern for the association. Directors are given the authority by the firm to settle on decisions in light of a legitimate concern for the association. Notwithstanding, this authority doesn't concede them the ability to pursue individual decisions. It should likewise be perceived that while hierarchical decisions can be assigned, individual decisions can't be appointed.
To explain further the concession among individual and hierarchical choice, let us think about the accompanying model. James Harrison was terminated by the supervisor since he didn't submit to the principles of the organization. This would be an authoritative choice. In any case, assuming James Harrison was terminated essentially on the grounds that the director loathed him for not a great explanation connected with the organization then that would be an individual choice. An authoritative choice is customized yet an individual choice is non-modified.
Functional:
Typically, judgments related to everyday activities are made functionally. These kinds of tailored choices are, by definition, meant to help the organization achieve short-term objectives. Chiefs at lower and middle levels typically make these decisions. Functional decisions must be made within the framework of the organization's established practices. As a result, those that must accept functional option are allowed to exercise their very own constrained utilization caution and drive.
Simple functional decisions, such regularly procuring writing materials and other natural resources, are designed to have an impact on a certain area or division of the company. As we can see, making such a decision will only affect the buying department.
Strategic Decisions:
It is implied that decisions involving important but one-time issues qualify as critical decisions. These decisions are made using a variety of administrative skills, wisdom, and experience. Not at all like functional choices, important decisions worry the firm's drawn-out points. When making a crucial decision, the person or group making it must carefully consider how the company association and its current situation are related. Important judgments are less secure in nature since the climate is constantly changing. Another reverence among important and practical choices is that crucial judgments are made by senior management.
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Answer: The Answer is diversity, Counsel, and Interactions.
Explanation:
This is correct, I just took the test. :)