1. Consider a simple version of Kremer's O-ring model as mentioned in class. Output Y can be produced from two separate tasks with skill levels qL and qH as follows: Y=(qL)(qH). Suppose there are 4 workers, 2 with low skill ( qL=3 ), and 2 will high skill (qH=8) and that each firm requires 2 workers to operate. a. What is the total output from matching and unmatching the workers based on skill level? How much more output can be gained from matching? b. Corporate training is available for one of the workers and this would increase their skill level by 100%. How much additional output would this create if the worker is high skilled and works with a high skilled co-worker? How about if he/she was working with a low skilled co-worker? c. It is costly for the firm to provide corporate training, what is the highest cost that the firm will be willing to take in order for them to offer this training opportunity.
Answers
The total output from matching and unmatching workers is 73, and the additional output gained from matching is 25. The additional output created from corporate training depends on the skill level of the worker and their co-worker.
In the given scenario, we have 2 workers with low skill (qL = 3) and 2 workers with high skill (qH = 8). Each firm requires 2 workers to operate. Let's analyze the questions one by one:
a. To calculate the total output from matching and unmatching workers, we multiply the skill levels of the workers.
For matching the workers based on skill level, we can pair the high-skilled workers together (8 * 8) and the low-skilled workers together (3 * 3). The total output from matching would be (8 * 8) + (3 * 3) = 64 + 9 = 73.
For unmatching the workers, we can pair one high-skilled worker with one low-skilled worker. The total output from unmatching would be (8 * 3) + (8 * 3) = 24 + 24 = 48.
The additional output gained from matching is the difference between the total output from matching and unmatching, which is 73 - 48 = 25.
b. If the high-skilled worker receives corporate training and their skill level increases by 100% (qH = 8 * 2 = 16), the additional output created when working with a high-skilled co-worker would be (16 * 8) = 128. If the high-skilled worker is working with a low-skilled co-worker, the additional output would be (16 * 3) = 48.
c. The highest cost the firm would be willing to take for providing corporate training can be determined by comparing the additional output gained from the training with the cost of providing the training.
If the firm's marginal benefit from the additional output exceeds the marginal cost of the training, it would be willing to offer the training. However, without specific cost information, we cannot determine the exact highest cost the firm is willing to bear.
The highest cost the firm is willing to bear for training would depend on the cost-benefit analysis specific to the firm.
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Related Questions
Which inventory accounts do product costs flow through in a job-order costing system? (select all that apply.)
Answers
Inventory accounts in which product costs flow through in a job-order costing system:
Finished goods.Work in process.Raw materials.What are Inventory accounts?Inventory accounting is the branch of accounting concerned with the valuation and recording of changes in inventoried assets. The inventory of a business typically includes goods in three stages of production: raw goods, in-process goods, and finished goods that are ready for sale. Inventory refers to all of the items, goods, merchandise, and materials held by a company for the purpose of reselling in the market for profit. For instance, if a newspaper vendor uses a vehicle to deliver newspapers to customers, only the newspaper is considered inventory.Inventory is classified into three types: raw materials inventory, finished goods inventory, and finished goods inventory, as well as work-in-process inventory and finished goods inventory.Inventory accounts in a job-order costing system through these product costs flow:
Finished productsWork is in progress.The raw materials.Therefore, inventory accounts in which product costs flow through in a job-order costing system:
Finished goods.Work in process.Raw materials.Know more about inventory accounts here:
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Mcdonald discusses the risky business of joining organizational forces across borders and cultures due to failure rates of __________.
Select one:
a. 5-10%
b. 10-20%
c. 40-80%
d. 90-95%
Answers
In his discussion of joining organizational forces across borders and cultures, McDonald highlights the risks involved and the potential for failure rates. The failure rates can be attributed to several factors including cultural differences, language barriers, legal issues, and logistical challenges.
These challenges can result in miscommunication, misunderstandings, and ultimately the failure of the partnership.The answer to the question of what the failure rates are in these situations is option c, 40-80%. While there is no exact figure, studies have shown that the failure rate of cross-border mergers and acquisitions is around 50-60%. This high rate of failure can be attributed to a variety of factors, including cultural differences, lack of cultural sensitivity, and differences in management styles. Moreover, these challenges can result in mistrust, conflicts, and resistance to change.To overcome these challenges and reduce the failure rates, organizations need to develop a comprehensive plan that includes pre-merger preparation, clear communication strategies, and cultural training. This will help to build trust, improve communication, and create a collaborative environment. Moreover, it is essential to identify and address cultural differences, establish common goals, and ensure that all stakeholders are aligned with the vision and mission of the partnership. By doing so, organizations can mitigate the risks and increase their chances of success.
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1. Sandy Corp.'s preferred stock is selling for $60 per share in the market. This preferred stock has a par value of $80 and a dividend rate of 12 percent. Required: a) What is the current yield on the stock? b) If an investor has a required rate of return of 14 percent, what is the value of the stock for that investor? c) Should the investor acquire the stock? Explain. d) Explain why preferred stock is referred to as a hybrid security.
Answers
The current yield of the stock is 16%. The value of the stock for an investor with a required rate of return of 14% is $68.57.
The current yield is calculated by dividing the annual dividend by the market price of the stock and multiplying by 100.
In this case, the annual dividend is $9.60 and the market price is $60.
Therefore, the current yield is ($9.60 / $60) * 100 = 16%.
The value of the stock is calculated by dividing the annual dividend by the required rate of return.
In this case, the annual dividend is $9.60 and the required rate of return is 14%.
So the value of the stock is $9.60 / 14% =$68.57
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Distinguish among corporate, business, and functional strategies. how does each strategy relate to hrm? why?
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Corporate, business, and functional strategies are the three levels of strategic management that run across the organization and somehow, relate to Human Resource Management (HRM).
Corporate Strategy: It involves top-level management and represents the big-picture goal of an organization.
How: HRM takes a key role in shaping the corporate strategy of the organization and also ensures that the organization as a whole is working together to reach its goals.Why: The role of HRM directly contributes to the future success of the organization as HRM ensures that all actions are planned and integrated with the corporate strategy.
Business Strategy: It defines competitive advantages for each business department by delivering goods and values to customers based on the current market trend.
How: HRM analyzes the current market trends and aligns the organization working with those trends as well as provides the required resources.Why: HRM gives the organization an edge to compete by maximizing productivity and introducing products and services to the market before the competitors.
Functional Strategy: It is a detailed working plan for achieving the organization’s goals within each business department.
How: HRM aligns goals from the top of the organization all the way down to the individual employees for increasing performance. Why: When employees with required skills are recruited it affects business in positive ways since human is the most valuable resource.You can learn more about company strategy at
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outline any two actions regarded as discriminatory by the labour relations Act (act 66 of 1995)
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This Act governs trade unions' organizational rights and promotes and facilitates collective bargaining at the workplace and at the sectoral level. It also addresses strike and lockout situations, workplace forums, and alternative dispute resolution.
What is National Labor Relations Act?The National Labor Relations Act of 1935 is a foundational statute of US labor law that guarantees private sector employees the right to organize into trade unions, engage in collective bargaining, and take collective action such as strikes. The act's centerpiece was a prohibition on company unions. This Act governs trade unions' organizational rights and promotes and facilitates collective bargaining at the workplace and at the sectoral level. It also addresses strike and lockout situations, workplace forums, and alternative dispute resolution. Maintain associational freedom and the effective recognition of the right to collective bargaining maintain the abolition of all forms of forced and compulsory labor maintain the effective abolition of child laborTo learn more about National Labor Relations Act, refer to:
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What safety device should be worn when there is danger of fragments being thrown?
Answers
Answer:
gloves i think
Explanation:
What should you, the worker, be aware of with regard to evacuation procedures at your workplace?
(select two answers)
(a) when you get back into the building
(b) evacuation plans
(c) what to do when the emergency has passed
(d) how long the emergencies will last
Answers
With regard to evacuation what one has to be aware of would be
evacuation planshow long the emergencies will lastWhat is meant by evacuation?This is the term that is used to refer to all that would have to be done in order to get all the occupants of a building out of it due to an emergency that is occurring in the building. The need for evacuation is often due to emergency that could cause a loss of life. An example of such incidence would during a fire outbreak.
Hence we can say that With regard to evacuation what one has to be aware of would be
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According to the globe project, in-group collectivism refers to:.
Answers
In-group collectivism simply means how much pride and loyalty individuals have for their family or organization.
What is In-group collectivism?In-group collectivism means the degree to which individuals are able to express pride, and cohesiveness in their families or organizations.
Countries with high institutional collectivism have individuals that identify with their families or organizations and obligations determine behaviors.
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i will give brainiest to the answer that is right
Answers
Answer:
D. 14.99%
Explanation:
Select the correct answer.
Kelly paid salary to her employees at the end of the month. What will be the journal entry for the given financial transaction?
A. Employee Account - Debit
Employee Account - Debit
B.
C. Salary Account - Debit
D. Salary Account - Debit
Cash Account - Credit
Kelly Account - Credit
Cash Account - Credit
Kelly Account - Credit
Reset
Next
Answers
Answer:
Explanation
Answer will be
C
Salary Account Debit
Cash Account Credit
Describe ways in which a verbal/linguistic learner prefers to learn.
Answers
Answer:
People with verbal-linguistic learning styles learn best when taught using spoken or written materials. They prefer activities that are based on language reasoning rather than abstract visual information. ... They usually enjoy written projects, speech and drama classes, debate, language classes, and journalism.
Explanation:
-Hope this helps!
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Zander is beginning to take college courses to prepare for a career in computer science, which is the study of using logic to create new and improved computer programs. He just finished a class that covered skills for using certain computer programs, but was not required for a degree.
What did Zander take steps to improve by taking this class?
A. career definition and career requirements
B. career requirements and current status
C. current status and intermediate goals
D. intermediate goals and career definition
Answers
Answer:
current status and intermediate goals
Explanation:
aryana wants to invest $43,000. she has two options. option a gives her 6% compounded quarterly. option b gives her 6% simple interest annually. which
Answers
You would earn $60 simple interest. Simple interest is calculated as a percentage of the initial amount borrowed and does not include any additional earnings.
How do you use borrowed?If you borrow something that belongs to someone else, you use it for a period of time and then return it. Could I borrow your car. I borrowed this book from the library. If you lend something you own to someone else, you allow them to have it or use it for a period of time.
How would you employ borrowed?When you borrow something from someone else, you just use for a while before returning it. Could I use your vehicle? This book was checked out from the library. You give someone else a temporary use or possession of anything you own when you lend it to them.
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Pls help will mark brainleist
Answers
Answer:
D Values
Explanation:
Picabo drives a truck as an employee for quik delivery, inc. picabo would most likely be considered acting outside the scope of her employment if she:.
Answers
Picabo drives a truck as an employee for quik delivery, inc. picabo would most likely be considered acting outside the scope of her employment if she crashed into a car at the airport while off duty.
What causes a link between agencies?When one person (the principal) authorizes another (the agent) to act on his behalf while under the P's supervision, and the A agrees to do so, an agency relationship is established. The term "agency" is most frequently used in connection with business-related issues.
Who in an agency relationship is the agent?When there is an agency connection, the agent is the party with the legal right to conduct business on behalf of another party. They are expected to uphold the legal agreement impartially and independently of their own interests.
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A characteristic of a plant asset is that it is
a. not currently used in the business but held for future use.
b. used in the operations of a business.
c. held for sale in the ordinary course of the business.
d. Intangible.
Answers
The correct answer is b. used in the operations of a business.
A plant asset refers to a long-term tangible asset that is used in the regular operations of a business to generate revenue. Plant assets can include items such as buildings, land, machinery, vehicles, and equipment. They are not held for sale or for future use, but rather they are actively utilized in the business to support its ongoing operations.
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Which ceo was the youngest when their company made it to the fortune 500?
Answers
Zuckerberg the CEO of Meta is changed into the youngest while their agency made it to the fortune 500.
A CEO, or Chief Executive Officer, is the highest-ranking executive in a company or organization. They are responsible for making major decisions and leading the company towards its goals and objectives. The CEO oversees all operations and departments within the company, working with other executives and managers to ensure smooth operations and growth.
The CEO is responsible for the overall financial performance of the company and is the main decision-maker on important matters such as investments, strategic partnerships, and mergers and acquisitions. They are also the main spokesperson for the company and are responsible for communicating with investors, employees, and the public. The CEO is accountable to the board of directors and is expected to act in the best interest of the company and its shareholders.
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Which margin is at the very bottom of the page when printing worksheets?
top margin
bottom margin
header margin
footer margin
Answers
Answer:
Footer Margin
Explanation:
Just took this :)
Answer:
Footer Margin
Explanation:
What are the three major groupings of nonquantitative nontariff barriers? (Check all that apply.)
customs and other administrative procedures
standards
voluntary export restraints
direct government participation in trade
Answers
The three major groupings of nonquantitative nontariff barriers are.
customs and other administrative proceduresstandardsdirect government participation in tradeThe correct options are A, B, and D.
Any policy that prevents international trade from occurring—aside from a customs tariff—is known as a non-tariff barrier. A few of these include Any guidelines that specify how a product may be created, handled, or advertised. the origins of regulations that demand documentation of the nation in which items were made.
Subsidies, state trading businesses, export finance, and other kinds of direct government involvement in trade are examples of direct government participation in trade. Market competition and trade flows may be impacted by these measures.
Thus, the ideal selections are options A, B, and D.
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why is the demand for resources called a derived demand
Answers
Which two types of information can be found on a profit and loss statement?
Answers
The two types of information can be found on a profit and loss statement are:
C) revenuesD) ExpensesWhat is profit and loss statement?A profit and loss statement, also known as an income statement, is a financial report that shows a company's revenue, expenses, and net income over a specific period of time, such as a month, quarter, or year. The purpose of the statement is to provide insight into the financial performance of the business and to assess its profitability.
The profit and loss statement typically includes theRevenue which is the is the total amount of money earned by the business from sales or services provided during the specified period.
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check the missing options:
A) assets
B) liabilities
C) revenues
D) Expenses
The Free enterprise system is:
A: Supply & Demand
B: Designed to protect consumers' best interests
C. Requires both sides of the story
D. Free of competition
Answers
Answer:
Free enterprise is the freedom of individuals and businesses to regulation. It enables individuals and businesses to create, produce, are able and willing, enterprising people produce goods and services for produce and sell goods and services. In this system, no one forces people they believe to be best for them.
Investing money in a retirement fund is part of a plan for achieving _____. A. Immediate goals b. Long term goals c. Short term goals d. Unrealistic goals Please select the best answer from the choices provided A B C D.
Answers
C is the answer hope you l it helps you
Answer: It is C
Explanation: Because I took the test
A company whose employees have low engagement is likely to have ________ compared to a company with high employee engagement.
Answers
A company whose employees have low employee engagement is more likely to have high turnover in comparison to an organization with a high level of employee engagement.
Employee engagement is the degree to which employees are mentally and emotionally committed to their job, their teams, and their employer.
Employees who arrive at work with a sense of purpose, who are deeply committed to the organization, who are committed to performing well, who have a collaborative attitude, who have good communication with coworkers and leaders, and who are able to give and receive constructive criticism are good examples of engaged employees.
High employee turnover is expensive and can harm your company. Lack of communication, encouragement and negative workplace culture all contribute to high turnover. Making sure that your employees love working for your company may reduce attrition and boost engagement.
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Macrophages in the lamina propria of the intestines behave differently than macrophages found in skin tissue. Those in the lamina propria
O express much higher levels of TLRS
O do not express signaling receptors needed for inflammatory cytokines.
O cannot phagocytose bacteria
O actually, there are none in the lamina propria
O express high levels of 87 costimulator
Answers
Macrophages in the lamina propria of the intestines express higher levels of Toll-like receptors (TLRs).
What differentiates macrophages in the lamina propria of the intestines from those found in skin tissue?Macrophages in the lamina propria of the intestines exhibit distinct characteristics compared to macrophages found in skin tissue.
One key difference is that macrophages in the lamina propria express much higher levels of Toll-like receptors (TLRs).
Toll-like receptors play a crucial role in recognizing and responding to microbial components, initiating immune responses against pathogens.
This heightened expression of TLRs suggests that intestinal macrophages are specialized to detect and respond to microbial stimuli within the gut environment.
In contrast, the statement that they do not express signaling receptors needed for inflammatory cytokines, cannot phagocytose bacteria, or express high levels of 87 costimulator contradicts our current understanding of macrophage functions and may not be accurate.
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In which of the following countries has economic growth been sufficiently high that income would double every ten years? A. India B. Indonesia C. Singapore
Answers
Singapore has achieved an impressive level of economic growth over the past few decades, with an average annual growth rate of 6.3% from 1990 to 2018. So, the correct answer is option C.
With one of the strongest growth rates in the world, the nation has been able to quadruple its income every ten years.
Singapore's strong emphasis on fiscal restraint and free market policies, along with its expenditures in technology, infrastructure, and education, have been the main drivers of the country's prosperity.
Due to these elements, the nation has been able to draw in a sizable quantity of foreign direct investment, which has significantly boosted its economic growth.
Singapore's successful business environment and low tax rates have also been significant factors.
As a result, Singapore has grown to be among the richest countries on earth and keeps providing other nations with a good example of economic development.
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Your store sales average $162,000 per month. Your triple net lease has the following monthly terms: rent is 3% of sales, insurance is $210, maintenance is $100, utilities total $425, and taxes are $90. You expect next year's sales to increase 7%, but your lease terms will remain the same. Calculate next year's ANNUAL lease payment. Round your answer to the nearest dollar.
Answers
Answer:
=$72, 302
Explanation:
The tenant agrees to pay all real estate taxes, building insurance, and maintenance (the three "nets") plus the normal monthly rent in a triple net lease agreement.
Rent is 3% of sales. Sales will grow by 7%.
Current sales are equivalent to 100%; increased sales will be 100% + 7% = 107%
This year's monthly sales are 162,000: next year's monthly sales will be 107% of $162,000
=107/100 x $162,000
=1.07 x $162,000
=$173,340
Monthly sales will be $173,340. Monthly rent is 3% of sales
=3/100 x $173,340
=$5,200.2
The monthly lease will be monthly rent, plus insurance plus maintenance plus, utilities total plus taxes
= $5,200.2 + $210 + $100 + $425 + $90.
=$6,025.2
monthly lease = $6,025.2
Annual lease =$6,025.2 x 12
=$72,302.40
=$72, 302
Answer: 72,302
Explanation:
What factor has the smallest influence in determining your fico score?.
Answers
Your FICO score, also known as a credit score, is determined by several factors. These factors include your credit history, credit utilization, length of credit history, types of credit used, and new credit. Of all these factors, the one that has the smallest influence in determining your FICO score is new credit.
FICO Score is a three-digit number calculated from the credit reports of the three major credit reporting bureaus: TransUnion, Experian, and Equifax. Your FICO score, which ranges from 300 to 850, is an indication of your creditworthiness.What factors determine your FICO Score?There are five primary factors that determine your FICO Score:Payment History – It measures how you have paid your bills in the past. Credit Utilization – It measures how much of your credit you use.
Length of Credit History – It measures how long you have had credit. New Credit – It measures how much new credit you have. Types of Credit Used – It measures the different types of credit you have.The one factor with the smallest influence on your FICO score is New Credit. This factor measures how much new credit you have. It includes new credit card accounts, new installment loans, and inquiries for credit. New credit accounts for 10% of your FICO score.
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State two reasons why people work
Answers
Answer:
earn money, make a change, fulfill their dreams
Explanation:
Money isn't the only reason why people work it's also for independence and have more control over their own life.
Explanation:
when you work you are also getting more skills and making more friends with people you have meet in you'r job.
the strategy of setting a high price when the market is price-insensitive is called:
Answers
The strategy of setting a high price when the market is price-insensitive is called price skimming. This approach is typically used by businesses that introduce new and innovative products that are not readily available in the market. By setting a high price, these businesses aim to generate high profits from early adopters who are willing to pay a premium price for the product.
Price skimming is a common strategy used in various industries such as technology, fashion, and luxury goods. It allows businesses to recover their research and development costs and maximize their profits before competitors enter the market and prices start to decline.
However, price skimming is not without its risks. It can lead to negative consumer perceptions, as customers may feel exploited and overcharged. Additionally, it can attract competitors who may develop similar products and offer them at a lower price, eroding the business's market share.
In conclusion, price skimming is a strategy of setting a high price when the market is price-insensitive. It can be an effective way for businesses to generate high profits from early adopters but also carries certain risks.
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