Discuss the effectiveness of the staffing system in achieving organizational effectiveness The student must provide a minimum of four valid statements.
Answers
A staffing system is a process of ensuring that an organization has adequate staff to ensure its success and achieve its objectives. The staffing system is an essential component of organizational effectiveness because it guarantees that there are enough human resources to complete the work needed to fulfill the organization's goals.
The following are four valid statements on the effectiveness of the staffing system in achieving organizational effectiveness:
1. Improving productivity: A staffing system that is designed to achieve organizational effectiveness will assist in improving employee productivity. When workers are effectively managed and adequately skilled, they are more likely to produce high-quality work more quickly and efficiently.
2. Lowering Costs: Effective staffing systems assist organizations in lowering costs. When there are not enough staff to complete essential tasks, overtime may be required, which is typically more costly than regular wages.
3. Reducing Employee Turnover: A well-designed staffing system can aid in reducing employee turnover. This is because when workers feel valued and supported in their work, they are more likely to stay with the organization.
4. Promoting Teamwork and Collaboration: Effective staffing systems promote teamwork and collaboration, which is essential for organizational success. When the appropriate individuals are hired for the job, there are increased chances of job satisfaction, thus increasing the morale of the team, and promote collaboration.
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Click this link to view O*NET’s Work Context section for Financial Analysts. Note that common contexts are listed toward the top, and less common contexts are listed toward the bottom. According to O*NET, what are some common work contexts for Financial Analysts? Check all that apply.
a. indoors, environmentally controlled
b. face-to-face discussions
c. electronic mail
d. extremely bright lighting
e. cramped work space
f. spend time bending or twisting the body
Answers
The work context for financial analysts includes indoors, environmentally controlled, face-to-face discussions, and electronic mail.
Financial analysts are involved in the duties to provide businesses with guidance regarding their fund management, the performance of financial instruments, and financial market assessment.
According to O*NET, financial analyst performs their activities in indoor premises that have a controlling work environment in terms of work ethics and culture.
Another task of financial analysts is to have face-to-face discussions while meetings or presentations with investors and clients of the business regarding business financial goals and profitability.
Electronic mail is also used by analysts to coordinate with other departments and gather financial information.
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Answer:A,B,F
Explanation:Trust
announce the project, create the project team, define information needs'. in which phase of the system development life cycle do these steps happen?
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The steps 'announce the project', 'create the project team', and 'define information needs' happen in the planning phase of the system development life cycle (SDLC).
The Planning Phase of the SDLC is the first stage in the development of a software system, in which the objectives, requirements, and scope of the project are defined, as well as a plan is created for the project team to carry out the system development. The planning stage lays the groundwork for the entire project, allowing you to properly define what the project will entail, how long it will take, and what it will cost. At this stage, you must be clear about what the system will accomplish and which business or organizational problems it will address. The following are the main objectives of the planning phase of the SDLC:
Define the Project Scope
Establish Project Goals
Create Project Team
Determine the budget
Establish Project Schedule
The phase also includes defining the information needs, assessing the project's feasibility, and identifying the project's risks, assumptions, constraints, and dependencies. The planning phase lays the groundwork for the entire project, allowing you to properly define what the project will entail, how long it will take, and what it will cost.
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The rule of rational choice suggests that you will engage in more of an activity if: a. the total benefit from that activity exceeds the total cost of the activity.
b. the opportunity cost of your time is very low.
c. the additional cost incurred as a result of the activity exceeds the additional benefit received.
d. the additional benefit received as a result of the activity exceeds the additional cost incurred.
Answers
d. The rule of rational choice suggests that individuals will engage in more of an activity if the additional benefit received as a result of the activity exceeds the additional cost incurred.
In other words, individuals will engage in activities that provide a net gain in benefits. This decision-making process involves weighing the costs and benefits of an activity and choosing the option that maximizes utility. The rule of rational choice is a fundamental principle in economics and helps to explain how individuals make decisions based on their preferences and constraints.
According to the rule of rational choice, individuals make decisions by comparing the benefits and costs of an activity and choose the option that maximizes their net benefit. When the additional benefit of an activity exceeds the additional cost, the net benefit is positive, and individuals are more likely to engage in that activity.
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Is there anyway to make money as a teen (Online), I am 14.
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a bank's required reserves are: multiple choice a financial asset for the fed. a financial liability for the bank. counted as money. a financial liability for the fed.
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A bank's required reserves are a financial liability for the bank. A bank's required reserves refer to the amount of money that the bank must keep in reserve, either in its own vaults or in an account at the Federal Reserve Bank.
These reserves are the bank's last line of defense against bank runs or other types of financial instability. Banks use their reserves to cover withdrawals by depositors, as well as to meet other obligations that may arise.
A bank's required reserves are a liability for the bank because they represent funds that the bank cannot use for other purposes. These reserves are mandated by the Federal Reserve, and failing to meet the reserve requirement can result in penalties for the bank.
In addition, the bank must pay interest on reserves held at the Federal Reserve Bank, which further reduces the bank's profits.
Reserves are not counted as money because they are not available for use by the bank or its customers. Instead, they are held in reserve to ensure that the bank is able to meet its obligations and maintain its solvency.
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Two characteristics of an autocratic and democratic leadership style
Answers
Answer:
• You have a highly structured working environment.
• You dictate all the working methods and processes.
Explanation:
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Sam's Cat Hotel operates 52 weeks per year, 5 days per week, and uses a continuous review inventory system. It purchases kitty litter for $11.00 per bag. The following information is available about these bags. Refer to the standard normal table for z-values. > Demand = 96 bags/week > Order cost = $56/order > Annual holding cost = 25 percent of cost > Desired cycle-service level = 98 percent > Lead time = 1 week(s) (5 working days) > Standard deviation of weekly demand = 20 bags > Current on-hand inventory is 315 bags, with no open orders or backorders. a. What is the EOQ? Sam's optimal order quantity is bags. (Enter your response rounded to the nearest whole number.)
Answers
The EOQ (Economic Order Quantity) for Sam's Cat Hotel is 127 bags.
How many bags should Sam's Cat Hotel order to minimize costs?The EOQ is calculated to determine the optimal order quantity that minimizes total inventory costs. It considers factors like demand, order cost, holding cost, and desired cycle-service level.
To calculate the EOQ, we use the formula: EOQ = sqrt((2 * demand * order cost) / holding cost). Plugging in the given values, we find
EOQ = sqrt((2 * 96 * $56) / (0.25 * $11)) = 126.75.
Rounded to the nearest whole number, the EOQ is 127 bags.
Inventory management involves efficiently managing the flow of goods in and out of a business to ensure optimal inventory levels, minimize costs, and meet customer demand.
The EOQ is a commonly used model that helps businesses determine the ideal order quantity to minimize inventory costs.
By balancing holding costs (costs associated with holding excess inventory) and order costs (costs associated with placing and receiving orders), the EOQ provides a cost-effective solution.
It takes into account factors such as demand, lead time, standard deviation of demand, and desired service levels.
Proper inventory management, including determining the EOQ, enables businesses to streamline operations, reduce inventory carrying costs, and ensure customer satisfaction.
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journal
March 01 March 03 March 09 March 15 March 27 Debit balance of Binod account Rs.25,000. Sold goods to Binod Rs.20,000. Sold goods for cash Rs. 10,000. Cheque received f
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Journal entries of the given transactions are as follows.
Debit balance of Binod account Rs.25,000.Binod A/C.......Dr 25000
To cash A/C 25000
Sold goods to Binod Rs.20,000.Binod A/C.......Dr 20000
To Sales A/C 20000
Sold goods for cash Rs. 10,000.cash A/C.......Dr 10000
To Sales A/C 10000
A journal entry is the act of recording any transaction, whether one that is economic or not. An accounting diary that displays the debit and credit balances of a corporation lists transactions. Multiple recordings, each of which is either a debit or a credit, may be included in the journal entry.
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Your salmon dish has a food cost of $4.76, and your price includes a markup of 300%. You decide to decrease your percentage markup to 250%. How much less will the new selling price be?
Answers
Answer:
D .. 2.38
Explanation:
The new selling price of the Salmon fish with the decreased markup value of 250% is $2.38 less than the last selling price.
What is percentage?The percentage can be defined as the expression of part of anything as a "part of 100". The percentage can be calculated as:
Percentage = Observed/ Total * 100
The cost of the salmon dish is = $4.76
The markup to the price is = 300%
The cost after 300% markup is = x
x = 4.76 + 4.76 * 300/100
x = $19.04
After reducing the markup value to 250% the cost (y) will be:
y = 4.76 + 4.76 * 250\100
y = $16.66
The cost of Salmon fish with 250% markup is $16.66. The difference in the new selling price (y) from the old selling price of $19.04 is:
The difference in price = $19.04 - $16.66
The difference in price = $2.38
The new selling price of Salmon fish will be $2.38 less than the old selling price.
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McGlone Corporation had a 1/1/17 balance in the Allowance for Doubtful Accounts of $40,000. During 2017, it wrote off $28,000 of accounts and collected $8,400 on accounts previously written off. The balance in Accounts Receivable was $800,000 at 1/1 and $960,000 at 12/31. At 12/31/17, McGlone estimates that 5% of accounts receivable will prove to be uncollectible. What should McGlone report as its Allowance for Doubtful Accounts at 12/31/17
Answers
Answer:
$48,000
Explanation:
The computation of the amount that should be reported as its allowance for doubtful accounts is shown below
= Ending balance of account receivable × uncollectible percentage
= $960,000 × 0.05
= $48,000
hence, the amount that should be reported as its allowance for doubtful accounts is $48,000
The above formula should be applied
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Answer:One of the main reasons why people are motivated to do a job well is the sense of achievement they get from it. Achievement is the feeling of pride that comes from knowing you have done your job well.
A second type of motivation that is common in the workplace is that of power. Some people get a lot of pleasure out of having power and authority. This is not necessarily a bad thing, as sometimes these people are particularly good at directing others and can make good managers.
Both types of motivation are common, and they can be very important in the workplace. However, the sense of achievement can be created by the person individually, and requires little group work. On the other hand, the motivation of power depends on the type of interaction the person has with others.
Explanation:self motivation requires a personal drive where as group motivation has other people tell you when your doing good or they can help you when it isnt going right.
please help me with my question from my profile.
What word does this caution,lookout,danger
is the signal word used for more sever hazards.
Answers
Answer:
danger is used for the most severe hazards
Explanation:
Joe owns a business which produces wooden furniture he employs 20 workers in the production Department and three workers in the office is Joe pays all his workers wages which are calculated by time rate but he is thinking of changing to peace rate
Answers
Answer:
The peace rate will result in lower total wages than time rate.
Explanation:
Piece rate is a wages calculator in which labors are paid for the piece of work done by them. They are paid for the quantity of units produced irrespective of time consumed. Time rate is wage calculation method in which wages are calculated based on hours worked. The major disadvantage for this method is that labors can waste time making products due to securing high wage.
What is insurance and premium
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Your employer wants to analyze data that come from other sites, such as measuring where people have come from to get to your company’s site. what would you recommend that your company use to determine how people searched the internet to find its products?
Answers
I would recommend that your company use a web analytics tool such as Adobe Analytics, or a similar product to measure the incoming traffic to your site.
What is company?
A company is a legal entity created by individuals, stockholders, or shareholders, with the purpose of operating for profit. Companies are separate from their owners and managers, and exist as a distinct legal entity. They can enter into contracts, loan and borrow money, sue and be sued, hire employees, own assets, and pay taxes. Companies are typically created to pursue and capitalize on business opportunities, and to provide goods or services to customers at a profit. Companies can be structured in various ways, including corporations, partnerships, and limited liability companies.
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What is benefits of digital marketing for small businesses?
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Digital marketing can offer numerous benefits to small businesses, including the factors given below.
Increased visibility and reach: With digital marketing, small businesses can reach a larger audience than traditional marketing methods would allow. This can include targeting specific demographics, locations, and interests.
Cost-effective: Digital marketing can often be more cost-effective than traditional advertising methods, such as print ads or billboards. Small businesses can get started with digital marketing campaigns on a smaller budget and scale up as they see results.
Better engagement with customers: Digital marketing allows for more direct and personalized communication with customers through social media, email, and other online channels. This can help build relationships and foster loyalty.
Data-driven insights: With digital marketing, small businesses can track and analyze data on their campaigns, such as website traffic and conversion rates. This can help them make informed decisions about their marketing strategies and optimize their efforts for better results.
Flexibility: Digital marketing campaigns can be adjusted and optimized in real-time, giving small businesses more flexibility and agility in responding to market changes and customer needs.
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The following are misstatements that can occur in the sales and collection cycle:a. A customer number on a sales invoice was transposed and, as a result, charged to the wrong customer. By the time the error was found, the original customer was no longer in business.b. A former computer operator, who is now a programmer, entered information for a fictitious sales return and ran it through the computer system at night. When the money came in, he took it and deposited it in his own account.c. A nonexistent part number was included in the description of goods on a shipping document. Therefore, no charge was made for those goods.d. A customer order was filled and shipped to a former customer, which had already filed for bankruptcy.e. The sales manager approved the price of goods ordered by a customer, but he wrote down the wrong price.f. A computer operator picked up a computer-based data file for sales of the wrong week and processed them through the system a second time.g. For a sale, a data entry operator erroneously failed to enter the information for the salesman's department. As a result, the salesman received no commission for that sale.h. Several remittance advices were batched together for inputting. The cash receipts clerk stopped for coffee, set them on a box, and failed to deliver them to the data input personnel.Required:a. Identify the transaction-related management assertion(s) to which the misstatement pertains.b. Identify one automated control that would have likely prevented each misstatement.
Answers
a.Implementation of a cross-verification system to compare customer numbers on invoices with customer databases could have prevented this misstatement.
b. The misstatement pertains to the management assertion of completeness. An automated control that could have prevented this misstatement is the use of segregation of duties, where the computer system restricts the ability of a single individual to enter and process fictitious sales returns and manipulate the associated financial transactions.
c. The misstatement pertains to the management assertion of completeness. An automated control that could have prevented this misstatement is the implementation of a master data validation system that verifies the existence and validity of part numbers before allowing them to be included in shipping documents.
d. The misstatement pertains to the management assertion of existence. An automated control that could have prevented this misstatement is the use of real-time customer verification, where the system checks the status of the customer (bankruptcy status) before filling and shipping the order.
e. The misstatement pertains to the management assertion of accuracy. An automated control that could have prevented this misstatement is the use of electronic approval systems that validate and compare the approved price with the recorded price, minimizing the risk of incorrect data entry.
f. The misstatement pertains to the management assertion of completeness. An automated control that could have prevented this misstatement is the implementation of logical controls that prevent the processing of duplicate data files for the same sales week.
g. The misstatement pertains to the management assertion of completeness. An automated control that could have prevented this misstatement is the use of mandatory fields and validation checks in the data entry system to ensure all relevant information, including the salesman's department, is entered.
h. The misstatement pertains to the management assertion of completeness. An automated control that could have prevented this misstatement is the implementation of a workflow system that tracks the movement of remittance advices from the cash receipts clerk to the data input personnel, ensuring timely and complete delivery of the documents for processing.
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Which economic group in the U.S. is likely to benefit the most from falling oil and gas prices?
Why?
Answers
Answer:
i make a lot of gas so the prices can go down for everyone
Explanation:
1 What is the slope of the budget line indicate? Is is +/-? Is it constant? What is the interpretation of each of these answers? 4 pts 2. What is the slope of the PP curve indicate? Is it +/-?. Is it
Answers
1. The slope of the budget line indicates the rate at which one good can be exchanged for another in a consumer's budget constraint.
Depending on the items under consideration, the slope may be positive or negative.
Assuming that the cost of the items and the consumer's income remain constant, the budget line's slope is constant.
2. The slope of the Production Possibility (PP) curve indicates the opportunity cost of producing one good in terms of the other.
Depending on how the curve is specifically interpreted, it could be positive or negative.
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Question 1
25 pts
Client 1: When I was three years old, I started making candy with my grandrłother.
I am now 10 and I want to sell chocolate candy with a farm theme to my friends and
family. My product ideas include Brown Cows (chocolate cows on a stick), Pigs in
Mud (marshmallow dipped in caramel, nuts and chocolate) and Farm Eggs (jelly
beans dipped in chocolate). The start-up expenses for my business are pretty small: a
few candy molds, candy and chocolate.) My parents have agreed to loan me the
money I will need and to let me work in the family kitchen. Schoolwork has to take
priority over business so if I have more sales than I can handle, I will probably ask
friends or my older brother to help. My brother is also pretty good at math and
computers so he could help me with keeping track of my expenses and advertising. I
really like the product development and packaging part of the business.
Answers
Answer:
This is an absolutely great idea. The only problem is where are you planning to hold your Business? Where are you selling these candies? How will you spread the word? What can you do to make sure people come back and want more of your product?
Explanation: I always wanted to sell candy when I was little but never pulled the trigger on it. For starters I think you should make the names a bit more of a friendly connotation so people don't assume the worst of your product. Your best bet to sell your items and candies would be at school. Now to be honest more kids are carrying money around now than they ever had when I was in elementary-middle school. This is your best bet. Make sure when you are selling your candies to not go in debt with your business, so many people I know tried this and failed because they put way more money then they were making because they thought it would pay off. Yes sometimes take the risk but almost always if your just trying to make a couple bucks, take it easy and sell for a reasonable price. If it costs about $10 to make "Brown Cows" for about 20 people then sell each brown cow for $1.25 per stick. If you have 20 people who are willing to buy you would make 15 dollars profit. Final thing is actually finding people to sell to. Most people go at these type of things alone which I think is a great idea. But if you want to get the word out even more tell a popular kid that you will pay him 5 for every 20 "Brown Cows" he sells. You can really pay him anything you want as long as your not going over your profit margin! Good luck and I would love to know how this goes!
what is the meaning of market variable in maketing
Answers
Answer:
market is for people low budget and the markering is people qho want earn money in online
markets can be segmented into groups of nonusers, ex-users, potential users, first-time users, and regular users of a product. this method of segmentation is called .
Answers
The method of market segmentation that categorizes consumers into groups of nonusers, ex-users, potential users, first-time users, and regular users of a product is called usage-based segmentation.
This type of segmentation focuses on how consumers use or don't use a product, and divides the market into different groups based on their level of product consumption. Usage-based segmentation can be useful for companies to tailor their marketing efforts towards each group, such as developing targeted messaging and promotions to encourage nonusers to try the product or to retain the loyalty of regular users. Market segmentation is the process of dividing a heterogeneous market into smaller groups of consumers with similar needs or characteristics. The goal of market segmentation is to better understand and meet the unique needs of each segment, ultimately increasing the effectiveness of marketing efforts and driving business growth.
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Select the correct location on the image.
Which box on a W-4 notes an employee's filling status?
Answers
Box number 3 on a W-4 notes an employee's filling status?
What is a W-4?
An IRS form known as a W-4, also known as a "Employee's Withholding Certificate," instructs employers how much tax should be deducted from each employee's paycheck. Employers utilize the W-4 to calculate some payroll taxes and remit the taxes on behalf of employees to the IRS and the state (if applicable).
If your employer already has a copy of your W-4 form on file, you do not need to fill one out again. Additionally, you are not required to complete a new W-4 annually. But you'll probably need to complete a new W-4 if you start a new employment or wish to change the withholdings at your current position. In either case, it's a good justification for reviewing your withholdings.
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If average daily remittances are $6 million, and "extended disbursement float" adds two days to the disbursement schedule, how much should the firm be willing to pay for a cash management system if the firm earns 7% on excess funds
Answers
Answer:
$840,000
Explanation:
Calculation of how much should the firm be willing to pay for a cash management system
Using this formula
Annual return from cash management system = Average daily remittances × 2 days disbursement schedule× Percentage of excess funds
Let plug in the formula
Annual return from cash management system$6,000,000 × 2 days × 7%
Annual return from cash management system= $840,000
Therefore the firm be willing to pay the amount of $840,000 for thebcash management system if the firm earns 7% on excess funds.
Hammonds Incorporated had the following share capital outstanding: Unlimited authorized Common shares, 34,000 issued 60,000 authorized $2.50 cumulative preferred shares, 12,000 issued Hammonds Inc. ha
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a speech evaluating something's work, significance, or quality is a
Answers
A speech evaluating something's work, significance, or quality is a critique. In a critique, the speaker provides an analysis and assessment of a particular subject, such as a piece of artwork, a performance, a book, or an idea.
The purpose of the speech is to evaluate the merits, strengths, weaknesses, and overall value of the subject based on specific criteria. The speaker may discuss the subject's effectiveness, impact, originality, relevance, or any other relevant aspects to form an informed judgment. A critique typically involves providing a balanced and well-reasoned assessment, highlighting both positive and negative aspects, and offering constructive feedback or recommendations for improvement. It aims to provide an objective evaluation while offering insights and opinions to inform the audience's understanding and perspective on the subject being discussed.
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what must managers be able to do if they want employees to understand the business’s goals and be productive?
Answers
Conceptual skills to understand the business’s goals and be productive.
Who needs conceptual skills?
The ability to see an organization's big picture is referred to as having conceptual talents. For instance, you can consider why you are undertaking a project before getting started, how it ties to the organization as a whole, and how it affects the surrounds.Conceptual abilities enable you to anticipate problems, come up with ideas for solutions, and comprehend the strategic large picture that drives a company's day-to-day operations. Although they are useful in any career, conceptual skills are particularly crucial for those in managerial positions.To know more about Conceptual skills here
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What types of planning can be done to improve a nation’s economy?
A nation can undergo ____ planning or ___ planning in order to improve its economy.
Answers
Answer:
A nation can undergo long-term planning or constructive planning in order to improve its economy. Long-term planning involves setting goals and implementing policies that will have an impact over a period of several years. This type of planning may involve investments in education, infrastructure, and research and development, among other areas. Constructive planning involves implementing policies that encourage economic growth and development, such as reducing barriers to trade, promoting entrepreneurship and innovation, and investing in key industries. These types of planning can help a nation to create jobs, increase productivity, and improve living standards for its citizens. THANK YOUWhat is the reason why the scarcity arises in society?
Answers
Demand- and supply-induced effects frequently work together to create scarcity. Increased demand, such as that brought on by an increase leads to overcrowding and population migration to other sensitive ecological areas.
The gap between finite resources and hypothetically unbounded needs is referred to as scarcity, and it is a fundamental economics issue. People need to decide how to best distribute resources in this situation in order to meet both their basic needs and as many additional wants as they can. To some extent, any resource that has a cost to use it other than zero is rare, but in actuality, relative scarcity is what counts. Another word for scarcity is "paucity."
Economists wouldn't have much to research if there were an ample supply of every resource, including enriched uranium, organic bok choy, whiskey, hand soap, and professional translations of Hittite inscriptions. There wouldn't be any tradeoffs to investigate and evaluate or judgments to be made about how to distribute resources. Contrarily, in the real world, everything has a price; in other words, every resource is limited in some way.
The two most in-demand scarce resources are time and money. Most people are deficient in either, or both, of these. Despite having plenty of time and little money, a jobless person may struggle to make ends meet.
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John Adams is the CEO of a nursing home in San Jose. He is now 50 years old and plans to retire in 10 years. He expects to live for 25 years after he retires, that is, until he is 85. He wants a fixed retirement income that has the same purchasing power at the time he retires as $40,000 has today (he realizes that the real value of his retirement income will decline year by year after he retires). His retirement income will begin the day he retires, 10 years from today, and he will then get 24 additional annual payments. Inflation is expected to be 5 percent per year for 10 years (ignore inflation after John retires); he currently has $100,000 saved up, and he expects to earn a return on his savings of 8 percent per year, annual compounding. To the nearest dollar, how much must he save during each of the next 10 years (with deposits being made at the end of each year) to meet his retirement goal? (Hint: the inflation rate 5 percent per year is used only to calculate desired retirement income.
Answers
John Adams needs to save a total of $159,272 to meet his retirement goal of having a fixed income of $40,000 with the same purchasing power that it has today.
To calculate this, he needs to take into account his current savings of $100,000 and the rate of return (8 percent annually with compounding) on that savings for 10 years.
To find the total amount he must save, subtract the future value of his current savings from the future value of his retirement income goal.
The future value of his retirement income goal can be calculated by taking into account the inflation rate (5 percent annually for 10 years) and the retirement income he desires ($40,000).
To find the amount he must save each year for the next 10 years, divide this total amount by 10.
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