A grocery store that allows customized purchases in the bakery or deli is providing form utility for the consumer.
Form utility is the amount of value a customer obtains from a good or service in the context of what they truly need. Therefore, form utility is the assimilation of client needs and wants into the features and advantages of the company's products.
Companies devote time and resources to product research in order to identify the precise goods or services that consumers are looking for. The development of the product is then strategically planned by company executives with the aim of satisfying or exceeding those needs to produce form utility.
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in october, pine company reports 19,700 actual direct labor hours, and it incurs $127,000 of manufacturing overhead costs. standard hours allowed for the work done is 25,400 hours. the predetermined overhead rate is $5.15 per direct labor hour. Compute the total overhead variance
The total overhead variance is $3810 Favourable.
Overhead variance refers to the distinction between real overhead and applied overhead. You could simplest compute overhead variance after you realize the actual overhead charges for the length. Overhead is implemented based on a predetermined rate and a value-driving force.
Variable overhead spending variance is favorable if the real expenses of oblique substances — for instance, paint and consumables such as oil and grease—are decreased than the standard or budgeted variable overheads. it's far unfavorable if the real charges are better than the budgeted expenses.
Actual Overhead = $127,000
Budgeted Overhead = Standard hours allowed * Predetermined date
= 25,400 x 5.15
= $130,00
Total Overhead variance = Budgeted Overhead - Actual overhead
= 130,810 - 127,000
= $3810 Favourable.
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why might analysts be concerned if a government has an unusually high ratio of intergovernmental revenues to total revenues relative to a comparable government? why might they be concerned if the same ratio is unusually low?
Analysts will be concerned because a high ratio of intergovernmental revenues to total revenues means the dependence of government is dependent on High Risk Revenue sources.
Development of a part/state (of that economy) is directly proportional to the contribution in the Intergovernmental Revenues of that part/state (of the economy).
When the ratio is low the analysts will be concerned as the revenue collected from other governments (within the economy) will contribute to the development of that particular portion of that economy and if its low then the development will also be affected in that area.
What are High Risk Revenue Sources?
It means the resources that have forces which are not in control or cannot be changed by Government.
What is Inter governmental Revenues?
Intergovernmental revenues are funds received from other governments within that nation or economy, either in the form of grants or reimbursement of costs incurred.
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is seeking a new supplier for the wool it uses to line its jackets. the company has just invited three different wool suppliers to bid for its business. the company is most likely in the stage of the business buying process. clara leather company is seeking a new supplier for the wool it uses to line its jackets. the company has just invited three different wool suppliers to bid for its business. the company is most likely in the stage of the business buying process. supply side product specification general need description problem recognition proposal solicitation
Based on the story above, the stage of business buying process is (C) general need description. It is because in the story above, the company only seeking a new supplier for the wool and tell about company's need.
In economics and business, Business buying process generally can be defined as the process where business buyers determine which services and also products are needed to purchase. In the steps of business buying process, the company will find the suppliers to buys the materials, and then evaluate, and choose among alternative brands.
There are several steps of business buying process, such as Awareness and Recognition, Specification and Research, Request for Proposals, Evaluation of Proposals, and also Order and Review Process.
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charles horse is the ceo of farrier and nail, a new broker-dealer applying for registration in a number of states. in completing the application, which of the following events in the ceo's life must be disclosed?
Events in the CEO's lifestyles should be disclosed Any charge, conviction, or responsible plea to a misdemeanor related to investments or an investment-associated commercial enterprise or bribery, forgery, extortion, or comparable offenses.
Any felony should be disclosed. Any misdemeanor that includes investments and lots of different monetary issues, consisting of the ones in the best answer, require disclosure. Note that it isn't best convictions, however fees as well. There isn't anyt any time restrict on the disclosures; the query is "have you ever ever. The 10-12 months restrict applies to statutory (automatic) disqualification.
Prior to executing a customer's order, the representative want to fill out the quality order charge tag and present it to the shopping for and promoting branch or twine room for execution.
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TRUE/FALSE. the purchasing manager indexes (pmis) are leading economic indicators derived from monthly surveys of purchasing managers about forecasted company conditions.
Order volume, stock levels, output, supplier delivery, and work environment. Direct investment in an index is not possible.
Explain about the purchasing manager indexes?While a value below 50 signifies contraction, a reading over 50 or 50% shows growth or development of the U.S. manufacturing sector compared to the prior month. A value of 50 means that the number of manufacturers reporting better business is equal to the number of manufacturers reporting poorer business.
The PMITM is widely regarded as a reliable and timely business condition indicator that aids analysts and economists in accurately predicting shifting economic patterns in official data series such as gross domestic product (GDP), industrial production, employment, and inflation.
Generally speaking, a score higher than 50 denotes an expanding economy, whereas a score lower than 50 denotes a stagnant economy. The US manufacturing PMI® for October came in at 50.2, which is a decrease of 0.7 points from the reading for September.
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What makes an interest group so powerful ?.
Size, resources, leadership and cohesiveness makes an interest group so powerful.
Interest group, also called special interest group is any association of individuals or organizations, usually formally organized, that, on the basis of one or more shared concerns, attempts to influence public policy in its favour.
All interest groups share a desire to affect government policy to benefit themselves or their causes. Their goal could be a policy that exclusively benefits group members or one segment of society or a policy that advances a broader public purpose.
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The Economic Order Quantity (EOQ) model is a classical model used for controlling inventory and satisfying demand. Costs included in the model are holding cost per unit, ordering cost and the cost of goods ordered. The assumptions for that model are: only a single item is considered; the entire quantity ordered arrives at one time; the demand for the item is constant over time; no shortages are allowed. Suppose we relax the first assumption and allow for multiple items which are independent except for a budget restriction. The following model describes this situation: Let Dr annual demand for item j C-unit cost of item j Sj = cost per order placed for item j wy space required for item j W = the maximum amount of space available for all goods i = inventory carrying charge as a percentage of the cost per unit N = number of items The decision variables are Qj, the amount of item j to order. The model is: Minimize S,D s.t.
The goal of the non-linear programming model, which forms the basis of the above question, is to minimize the overall annual cost. To address this question, it will be necessary to identify the best order quantities of the three different ferns, each of which has a unique annual demand, item cost, and order cost.
What is non-linear programming?Nonlinear programming (NLP) in mathematics is a technique for resolving optimization issues where some of the constraints or the objective function are nonlinear. A problem involving optimization is one in which the maxima, minima, or stationary points of an objective function are calculated over a set of real variables that are unknown to the solution, subject to the satisfaction of a set of constraints. The branch of mathematics optimization that deals with nonlinear issues is called this. A common example of a non-convex problem is the optimization of transportation costs through the choice of a set of transportation methods, at least one of which exhibits economies of scale, with a variety of connectivities and capacity constraints.
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if the office of governor is vacated in texas, the order of succession is
If the office of governor is vacated in Texas, the order of succession is the Lieutenant governor, then the Pro tempore of the Senate.
What do you mean by the Succession of office of Governor?If the Governor-elect doesn't meet the requirements, the Lieutenant Governor-elect will take over as governor. In the event of the Governor's demise, resignation, or removal from office, the Lieutenant Governor will take over as Governor.
If the elected governor steps down, passes away, or is removed from office after being impeached and found guilty, the lieutenant governor takes over as governor.
In 49 states and territories, the lieutenant governor is the chosen representative who takes over as governor in the event of a vacancy.
Therefore, if the office of governor is vacated in Texas, the order of succession is the Lieutenant governor, then the Pro tempore of the Senate.
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As a manager of a diverse work group, which of the following general statements or principles would you use to guide you in attempting to be an effective leaders?
A) There is little evidence to suggest there is a meaningful distinction between task and relationship-oriented behavior across world cultures.
B) It is clear that a more democratic, participative, directive, contingent-based reward/punishment system produces similar results across cultures.
C) The effective practice of leadership necessitates a careful look at and understanding of the individual differences brought to the leader-follower relationship by the cross-cultural context.
D) A leader whose behavior reflects support, kindness, and concern for his/her followers is valued and impactful in most cultures.
E) None of these.
Answer:
The answer would be C The effective practice of leadership necessitates a careful look at and understanding of the individual differences brought to the leader-follower relationship by the cross-cultural context.
The process of gathering information and deciding who should be hired, under legal guidelines, to serve the best interest of the individual and the organization.Employee Selection
The act of acquiring and examining data regarding the content, human requirements, and environment in which jobs are performed is known as job analysis.
Explain about the job analysis?
Job analysis is the act of acquiring and examining data regarding the nature, requirements, and context of a given job, as well as its content and human components. To decide where to place work, this procedure is employed.
The employer benefits from job analysis when deciding salary and benefits, managing performance, and other areas. Knowing what is genuinely expected of them makes it easier for the personnel to perform.
An in-depth and methodical evaluation of a position within a corporation is called a jobs analysis. In the following three situations, a qualified individual might conduct a job analysis: The performance and professional growth of employees are evaluated. creating job descriptions or combining positions by managers
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modshoes inc. decides to move its manufacturing facility from toledo, ohio, to jakarata, indonesia, because it will have access to lower-cost but still highly skilled labor. this choice reflects the concept of
This choice reflects the concept of oligopoly. A small number of companies compete in an oligopoly market. Each company has a reasonable amount of market power due to the modest number of enterprises.
Large industries with oligopolies include those in the oil and gas, aviation, media, autos, and communications sectors. Oligopolies do not necessarily indicate that there is collusion or coordination taking place. Raised entry barriers, the ability to set prices, non-price competition, firm interdependence, and market differentiation are all traits of an oligopoly. Concentration ratios, which calculate the share of the market that each firm controls, can be used to spot oligopolies.
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a much larger percentage of women are employed today than in the early twentieth century. which of the following factors contributed to this increase in women's employment?
The following factors contributed to this increase in women's employment is changes in societal norms about gender roles and family responsibilities.
Women Employed's goal is to increase women's economic position and get rid of obstacles to economic justice. They encourage ethical workplace conduct, widen access to education and training, and give women the skills and knowledge they need to advance into professions that offer salaries that can support a family.
Because women are often poorer than males, gender equality reduces income disparity as well. Social transformation is sped up when women assume new responsibilities and earn cash. According to studies, women who work are appreciated by their families and move up the social ladder.
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if the average level of nominal income is $21,000 and the price level index is 154, the average real income would be about
The average real income would be about $13,636".
Actual earnings also called actual wage, is how much money an individual or entity makes after adjusting for inflation. Real income differs from nominal profits, which have no such changes. People often closely sing their nominal vs. actual income to have satisfactory knowledge of their purchasing power.
A nominal time period is an unadjusted quantity of something consisting of wages, inventory costs, belongings, and hobby costs and is generally described in fixed monetary terms. alternatively, a real term takes into account adjustments in the price level over time. The real price is a far greater correct size of cost than the nominal cost.
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a technician is tasked with configuring a mobile device to connect securely to the company network when the device is used at off-site locations where only internet connectivity is available. which of the following should the technician configure?
The technician should configure Secure Multipurpose Internet Mail Extensions (S/MIME) at off-site locations where only internet connectivity is available.
What is the Internet?Internet is the most significant tool and well-known resource that practically everyone in the world uses. Millions of computers, webpages, websites, and servers are linked by it. We can send emails, images, movies, and notes to our loved ones through the internet. Or, to put it another way, the internet is a vast, electronically connected network (that support internet). It develops a means of online information sharing and obtaining. You will be the only person with access to all applications, websites, social media apps, and other services if your device is online. The modern fastest method for sending and receiving information is the internet.To learn more about internet from the given link
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An employee who perceives an employer as providing high distributive and procedural justice will most likely experience FILL IN THE BLANK. d. job satisfaction.
An employee who perceives an employer as providing high distributive and procedural justice will most likely experience for job satisfaction.
Employee involvement is taken into consideration critical for preserving healthful worker members of the family in the organization. It guarantees that employees' reviews are precious withinside the decision-making procedure of the firm. It boosts worker pleasure stage and activity security.
These exceptions consist of the public coverage exception, the implied agreement exception, and the implied covenant of precise religion and truthful dealing exception. handiest refers to country constitutional protections or country statutory law.
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FILL IN THE BLANK. a firm that competes on a small, specialized segment of the market that demands unique product features is called a ___ broad low-cost leader focused low-cost leader focused differentiator broad differentiator
The following statement "A firm that competes on a small, specialized segment of the market that demands unique product features is called a focused differentiator".
A focused differentiation strategy calls for making special offerings to a select set of customers. The tactic is also known as product specialization, niche differentiation, or marketing to specific markets.
A focused differentiator is a type of business that focuses on creating distinctive products that cater to particular market groups or customers.
A business that is focused on differentiating itself employs the approach of creating distinctive items for a particular market and earning money by pleasing this market. The company uses this strategy to manufacture such distinctive items that set it apart from its competitors.
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According to the harvard Business Review article, in managing multicultural teams, all of these cultural differences can cause destructive conflicts in a team EXCEPT:
A.
cognitive versus Social identity issues
B.
differing attitudes toward hierarchy
C.
trouble with accents and fluency
D.
direct versus indirect communication
The cultural differences that cannot cause destructive conflict in a team according to the Harvard Business Review article are cognitive issues versus social identity issues. Option A is correct.
What are destructive team conflicts?It corresponds to situations in which there are disagreements in the work teams that can generate negative situations, such as team disintegration, decrease in productivity and conflicts in general.
Therefore, there are many situations that can generate destructive conflicts in the team, such as different attitudes towards the hierarchy, for example, and that must be fought with communication, management and integration.
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the generic name for a medical expense plan that is designed to provide covered medical services to its members in a cost-effective manner is a
The generic name for a medical expense plan that is designed to provide covered medical services to its members in a cost-effective manner is a managed care plan.
What is a medical expense plan?A medical expense plan is a type of insurance policy that helps to cover the costs of medical expenses. It typically covers expenses such as hospital stays, doctor visits, prescription drugs, and other medical treatments. It is designed to help people manage out-of-pocket costs associated with medical care and can be a great way to help protect finances in the face of unexpected medical bills. Most medical expense plans cover a portion of these costs and are typically funded through premiums paid by the policyholder or their employer.
Managed care plans are designed to provide covered medical services cost-effectively. They use a variety of techniques to control costs, such as coordinating care among providers, negotiating with providers for discounts, and providing preventive services to reduce the need for more expensive services. These plans also encourage members to use in-network providers and to access services through primary care physicians to better coordinate care.
It can be concluded that the generic name for a medical expense plan that is designed to provide covered medical services to its members in a cost-effective manner is a managed care plan.
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c. prepare the t- accounts for construction in progress, billings on construction in progress, and accounts receivable.d. determine the net asset (liability) for each year of the contract on december 31.
For the year ended December 31, 2012, the income statement will be $1,060,000, Approximately what it will cost to compete in 2011 and 2012
What is income?Income, which is typically expressed in monetary terms, is the consumption as well as saving opportunity gained by such an entity within a given timeframe. Conceptually, income is hard to define, and different fields may have different definitions. Page not found For instance, a person's income may differ from their income even though defined by law and in an economic sense. Haig-Simons income, which defines revenue as Consumption + Change throughout Net Worth and is widely applied in economics, is a very significant definition of income. Income is a total that includes any wages, salaries, profits, interest payments, rent, or other forms of earnings received inside a calendar year for individuals and households inside the United States, as defined by tax law.
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identify whether each of the following examples belongs in m1 or m2. if an example belongs in both, be sure to check both boxes. example m1 m2 caroline has $10,000 in a six-month certificate of deposit (cd). shen has $1,200 in a checking account. antonio has $3,000 in a savings account.
M2. Considering that $8000 is a 2-year certificate deposit here. All short-term deposits fall under the M2 criteria.
What is a balance sheet?A financial statement that lists a company's assets, liabilities, and shareholder equity at a certain point in time is referred to as a balance sheet.
The foundation for calculating investor return rates and assessing the capital structure of a company is provided by balance sheets.
The balance sheet is a financial statement that gives a quick overview of the assets and liabilities of a firm as well as the amount of shareholder investment.
When doing basic analysis or calculating financial ratios, balance sheets can be utilized in conjunction with other crucial financial data.
A company's balance sheet gives a quick snapshot of its financial situation at any one time. On its alone, it cannot provide an understanding of the tendencies manifesting over a longer time frame. This calls for a comparison of the balance sheet to those from earlier periods.
According to our question-
The boxes are M1 and M2.
Larry has $25,000 in the market right now.
Megan has $8,000 in an 8% earning certificate of deposit.
Felix, I have a roll of quarters.
Circulation of money, traveler's checks, and the balance of the transaction account are used to determine M1.
M2 is the sum of M1 and other deposits such as short-term, long-term, and money market funds.
First illustration: M1 and M2. because funds are constantly being transferred from the bank to the laundry. This is M1's state, and M2's scope also includes M1's state. Thus, in this circumstance, both M1 and M2 are true.
Second example: M2. Because the amount of $25,000 is an M2 money market fund, it is acceptable.
Lastly, Case M2. In light of that
Hence, M2. Considering that $8000 is a 2-year certificate deposit here. All short-term deposits fall under the M2 criteria.
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personal liabillity on a mortgage loan means that, in case of default and foreclosure, the borrower can be
Personal liability on a mortgage loan means that, in case of default and foreclosure, the borrower can be foreclosure.
foreclosure is a legal method in which a lender attempts to get better the stability of a mortgage from a borrower who has stopped making bills to the lender via forcing the sale of the asset used because the collateral for the loan. officially, a loan lender (mortgagee), or different lienholder, obtains a termination of a mortgage borrower (mortgagor)'s equitable right of redemption, either with the aid of court docket order or via operation of the regulation (after following a specific statutory procedure).
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according to liquidity preference theory, the money-supply curve would shift if the fed a. engaged in open-market transactions. b. changed the discount rate. c. changed the reserve requirement. d. did any of the above.
According to liquidity preference theory, the money-supply curve would shift if the Fed engaged in open-market operations. The Option A is correct.
What does the liquidity preference theory hold?This is an economic model that suggests that an investor should demand a higher interest rate or premium on securities with long-term maturities that carry greater risk because "all other factors being equal", these investors prefer cash or other highly liquid holdings.
In other word, this economic theory suggests that investors demand progressively higher premiums on medium and long-term securities as opposed to short-term securities.
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Which of the following is a reason why many salespeople join civic and professional organizations, country clubs, or fraternal organizations? a) To learn the technique of cold canvassing; b) To learn about sales ethics; c) To receive sales training; d) To gain leads through networking; e) To engage in social selling
Many salespeople join civic and professional organizations, country clubs, or fraternal organizations to gain leads through Networking (option D).
Social events are essential to sales career development. They provide the opportunity to meet influential people in related fields, gain knowledge about potential targets, and generate leads.
In these types of organizations, such as clubs, interest groups, and charity events, salespeople can make themselves known as the right people to solve problems or meet specific needs, depending on their work area.
The presence at these events will enhance human-professional relationships, general knowledge of the field, and the approach to leaders or decision-makers in other companies, resulting in a positive expansion of various aspects of the career.
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The _____ is an approach whereby an organization allocates its marketing mix resources to reach its target markets.
The answer is Strategic Marketing Process.
What is Strategic Marketing ?
Strategic marketing can be described as the process of planning to develop and implement operations to gain competitive advantage in a particular selected niche.
What are the Phases of Strategic Management Process?
Planning Phase
∨
Implementation Phase
∨
Evaluation Phase
What is the Process of Strategic Marketing or Strategic Marketing Process?
There are five steps in this process which are given below
Mission (Goal setting)Situation Analysis (SWOT analysis which includes both internal and external analysis)Marketing Plan (Using Porter's 5 forces)Marketing Mix ( product, price, promotion, place, packaging, positioning and people)Implementation and controlWhy is Strategic management process important?
The strategic management process helps an organization and its leadership think and plan for its future existence and fulfills a key responsibility of the board of directors. Strategic management provides direction to an organization and its people.
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Chase Manhattan bank recently offered a certificate of deposit that pays 1.36% annually for 10 years. The investment must remain untouched for the 10-year period or a penalty will be applied to the account. Most certificates of deposit have an early withdraw penalty of 1-2%. Calculate the future value of the account assuming a $22,356 investment remains untouched for a 10-year period. Assume annual compounding is used.
Compound interest is calculated by multiplying the initial principal amount by one plus the annual interest rate multiplied by the number of compound periods multiplied by one. The total initial loan amount is then deducted from the resulting value.
What Is Compound Interest?Compound interest grows at an ever-increasing rate because it includes interest accumulated in previous periods. The total interest payable over the three years of this loan is $1,576.25, but the interest amount is not the same for all three years, as it would be with simple interest.
The following is the formula for calculating compound interest:
Compound interest equals the sum of the principal and interest in the future (or future value) minus the principal amount in the present (or present value)
= [P (1 + i)n]. – P
= P [(1 + i)n – 1]
Where:
P stands for principal.
I = the nominal annual interest rate expressed in percentage terms.
n denotes the number of compounding periods.
Consider a $10,000 loan with a three-year term and a 5% annual interest rate. What would the rate of interest be? In this case, it would be as follows:
$10,000 [(1 + 0.05)3 – 1] = $10,000 [1.157625 – 1] = $1,576.25
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the characteristic of a service that means customers cant see, touch, or smell goods serviced
the characteristic of a service that means customers cant see, touch, or smell goods serviced is INTANGIBLITY.
The nature of services is such that they cannot be held or felt because they are intangible. Service is not a tangible good that can be held in your hands or seen by your eyes. Either the purchaser or the recipient of a service can have their experience of it. In addition, the quality of the service cannot be evaluated in advance of its consumption. Take, for instance, the fact that you can touch your smartphone. However, you are unable to grasp or otherwise physically interact with the services provided by your telecom provider.
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Willow wants to find out how much time viewers spend on the website devoted to her indie rock band and how many times they click banner ads. The best tool for finding this information is.
The Rock Band series of rhythm games was made by Harmonix and is primarily for home video game systems.
What is rock band?To play the lead guitar, bass guitar, keyboard, drums, and vocal parts of numerous licensed songs across a variety of genres, with a primary concentration on rock music, in the major Rock Band titles, players use game controllers modeled by musical instruments and microphones. Based on their prior Guitar Hero series development efforts, this was created. Some video games let you play "Pro" instruments, which require specialist controllers and simulate playing actual instruments more precisely. Players face more difficulty when using these instruments. If they consistently miss too many notes, players can fail a song and lose points for notes they hit successfully. The Rock Band line of rhythm games, which are mostly for home video game systems, was consequently made by Harmonix.
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For incentive pay to motivate employees to contribute to the organization's success, the pay plans must be well designed. Which of the following statements describes a characteristic of a well-designed plan? Performance measures are linked to the organization's goals. Performance measures are to be linked to the individual's goals Employees are given unattainable performance standards. The pay plan takes into account that employees will accept all goals irrespective of their rewards.
Statement describing a characteristic of a well-designed plan is, employees will value the rewards or incentives that are being offered. Correct answer: letter C.
This statement is true, as well-designed plans should include rewards and incentives that are meaningful to employees. Such incentives should be tailored to their individual needs and preferences and should be designed to motivate employees to reach their goals and objectives.
Importance of incentives and rewards for employees in a companyRewards and incentives should be seen as an investment in the employees and should be seen as a way to recognize the hard work and dedication of the staff.
With a well-designed plan, employees will recognize the value of the rewards and incentives that are being offered and will be motivated to work towards their goals.
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what do you think are the best jobs for older persons returning to the work force after they have reached 70 years of age
Some of the best jobs for older persons returning to the work force after they have reached 70 years of age are Bookkeeping, Teacher's Assistant and youth care specialist.
The labor force or labor force is a concept that refers to the group of people who are employed or unemployed. It is often used to describe people who work for a company or an industry, but can also apply to a geographic area such as a city, state, or country.
In a company, its value can be seen as "incumbent workforce". A country's labor force includes both the employed and the unemployed. Formal work is any type of work that is structured and formally remunerated. Unlike the informal sector of the economy, formal work in a country contributes to that country's gross national product. Informal work is work that has no formal arrangement in the law.
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which statement is accurate about messages that provide directions?
Answer:
What are the answer choices
