sales is $72‚000. Calculate accounting profits and economic profits for Gomez’s pottery. Explicit costs: $37‚000 (= $12‚000 for the helper + $5‚000 of rent + $20‚000 of materials). Implicit costs: $22‚000 (= $4‚000 of forgone interest + $15‚000 of forgone salary + $3‚000 of entreprenuership). Accounting profit = $35‚000 (= $72‚000 of revenue - $37‚000 of explicit costs); Economic profit = $13‚000 (= $72‚000 - $37‚000 of explicit costs - $22‚000 of implicit costs). 8-4 (Key Question) Complete
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Chapter 6 Basic Motivation Concepts MULTIPLE CHOICE Defining Motivation 1. Jim is a student who cannot work at writing a paper for more than 30 minutes‚ yet he can spend many hours writing comments on blogs. What accounts for the change in motivation in this case? a. his ability b. the situation c. his personality d. the congruence e. the structure of the task (b; Moderate; Motivation; p. 175) {AACSB: Analytic Skills} 2. Motivation is best defined as a process
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H.‚ Application Prototyping: A Requirements Definition Strategy for the 80s.New York: Wiley-lnterscience‚ 1984. [5] Crosby‚ Philip B. The Strategy of Situation Management.Boston‚MA:Industrial Education Institute‚ [6] Crosby‚ Philip B. Cutting the Cost of Quality; The Defect Prevention Workbook for managers. Boston‚ MA: Industrial Education Institute‚ 1967. [7] Davis‚ G. B.‚ and Olson‚ M. H. Management Information Systems: Conceptual Foundations‚ Structure‚ and Development. New York: McGraw-Hill
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Wastage within the factory was costing the Company approximately Rs. 100‚000 a month. There was wide spread differences in individual work standards Processes were non-standardized resulting in repeated problems Management made all decisions and cascaded the result down to employees The top management became concerned about the performance of the factory and they hired Mr. Tanmoy Deb‚ an OD consultant to study the problem and suggest specific changes to relationships and tasks with
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4. A 5. C 6. a‚ b 7. A 8. B 9. c‚ d 10. B 11. a‚ b 9-29 (25 min.) Denominator-level problem 1. Budgeted fixed manufacturing overhead costs rates: Budgeted Fixed Budgeted Fixed Denominator Manufacturing Budgeted Manufacturing Level Capacity Overhead per Capacity Overhead Cost ------------------------------------------------- Concept Period Level Rate Theoretical $4‚560‚000 3‚600 $1‚266.67 Practical 4‚560‚000 2‚400 1‚900.00
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MULTI CHOICE QUESTIONS BIOLOGY 1. First living cells were observed by A) Robert Hooke B) A.V Leeuwenhoek C) Robert Brown D) R.Virchow 2. Well defined nucleus is absent in A) Plant cell B) Animal cell C) Eukaryotic cell D) Prokaryotic cell 3. Which of the following is incorrect pair A) Nucleus-Brain of the cell B) Mitochondria-Power house of the cell C) Chloroplast-Kitchen of the cell D) Lysosome-Secretory granules
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This essay will provide a detailed analysis of two operational sport industry organizations‚ which lie within the Hertfordshire region. A critical analysis of Virgin Active (Borehamwood) and Hatfield Leisure Centre will be carried out‚ focusing on the internal and external environmental influences on strategic direction. To support the analysis of this essay‚ primary research had been carried out‚ using open questionnaires to interview both organisations. Hatfield Leisure Centre is a facility
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SHOULD THERE BE ONE‚ TWO OR SEVERAL PLANS? Answer: There should be several incentives programs like point program‚ employee incentives (which can be used to increase employee moral)‚ sales incentives (which can be used to drive sales and reduce costs and increase profits). The other kinds of incentives can be group incentives. This is because here‚ they have to work in groups. 3) WHO SHOULD BE INCLUDED? Answer: For the incentive program‚ all the groups and individuals (employees‚ line managers
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time-to-market? Hide Answer Improved use of IT has reduced the time to market from 4 years to 18 months. It has also allowed for virtual car crashes‚ instead of real crashes‚ producing faster cycle times and dramtically reduced development and testing costs. Case II 1)• Where and under what circumstances is the “invest first‚ analyze later” approach appropriate? Where and when is it inappropriate? Give specific examples of technologies and other circumstances. Hide Answer Invest first is appropriate
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Management Information System “What is MIS and what is systems thinking?” Your answer should be limited to 2 pages. Graphical representations and research will be appreciated. MIS: A management information system (MIS) is a computerized database of useful information organized and programmed in a way that it produces regular and special reports on operations for every level of management in a company. Generally it is the study of people‚ organizations‚ technology and the relationship between them
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