Gomez runs a small pottery firm. He hires one helper at $11,000 per year, pays annual rent of $6,000 for his shop, and spends $22,000 per year on materials. He has $40,000 of his own funds invested in equipment (pottery wheels, kilns, and so forth) that could earn him $4,500 per year if alternatively invested. He has been offered $17,000 per year to work as a potter for a competitor. He estimates his entrepreneurial talents are worth $3,500 per year. Total annual revenue from pottery sales is $70,000. Calculate the accounting profit and the economic profit for Gomez’s pottery firm.
Answers
Answer:
$31000
$6000
Explanation:
Accounting profit= total revenue - explicit cost
Explicit cost includes the amount expended in running the business. They include rent , salary and cost of raw materials
explicit cost = $11,000 + $22,000 + $6,000 = $39,000
Accounting profit = $70,000 - $39,000 = $31,000
Economic profit = accounting profit - implicit cost
Implicit cost is the cost of the next best option forgone when one alternative is chosen over other alternatives
It includes the amount he could have earned if he invested is money , his entrepreneur talent and salary he could have earned
$31,000 - $4500 - $17,000 - $3,500 = $6000
Gomez’s pottery firm's accounting profit is $31,000 while the economic profit is $6,000
To calculate the accounting profit for Gomez's pottery firm, one must subtract all the explicit costs (i.e., actual monetary expenses) from the total revenue.
Total Revenue = $70,000
\(~$Explicit Costs = Helper's salary + Rent + Materials\)
\(~$Explicit Costs = \$11,000 + \$6,000 + \$22,000\)
\(~$Explicit Costs = \$39,000\)
\(~$Accounting Profit = Total Revenue - Explicit Costs\)
\(~$Accounting Profit = \$70,000 - \$39,000\)
\(Accounting Profit = \$31,000\)
To calculate the economic profit, one needs to consider both explicit costs and implicit costs (i.e., opportunity costs).
\(~$Implicit Costs = Opportunity Cost of Equipment + Opportunity Cost of Working for Competitor + Entrepreneurial Talents\)
Opportunity Cost of Equipment = $4,500 (income that could be earned alternatively)
Opportunity Cost of Working for Competitor = $17,000 (annual salary offered)
Entrepreneurial Talents = $3,500
\(~$Economic Profit = Accounting Profit - Implicit Costs\)
\(~$Implicit Costs = \$4,500 + \$17,000 + \$3,500\)
\(~$Implicit Costs = \$25,000\)
\(~$Economic Profit = \$31,000 - \$25,000\)
Thus, the accounting profit for Gomez's pottery firm is $31,000, and the economic profit is $6,000, the economic profit considers opportunity costs, providing a more comprehensive view of the firm's profitability.
Learn more about the economic profit here:
https://brainly.com/question/29742833
#SPJ6
Related Questions
The following information relates to Paternus Company: Sales revenue $ 17,610,000 Contribution margin 6,510,000 Net Income 1,130,000 If a manager at Paternus desired to determine the percentage impact on income of a given percentage change in sales, the manager would multiply the percentage increase/decrease in sales revenue by: Multiple Choice 0.17.
Answers
Answer:
Phương trình kế toán là gì?
Explanation:
Phương trình kế toán là gì?Phương trình kế toán là gì?Phương trình kế toán là gì?Phương trình kế toán là gì?Phương trình kế toán là gì?PhươPhương trình kếPhương trình kế toán là gì? toán là gì?Phương trình kPhương trình kPhương trình kế toán là gì?ế toán là gì?Phương trình kế toán là gì?Phương trình kế toán là gì?ế toán là gì?PPhươnPhương trình kế toán là gì?Phương trình kế toán là gì?g trình kế toán là gì?Phương trình kế toán là gì?hươnPhương trình kế toán là gì?g trình kế toán là gì?ng trình kế toán là gì?
illustrate the effect that a decrease in a price of milk (an input of ice cream) would have on the market for ice cream.
Answers
A decrease in the price of milk would lead to a decrease in the production cost of ice cream and an increase in its supply, causing a decrease in the equilibrium price of ice cream and an increase in its quantity demanded and supplied.
A decrease in the price of milk is likely to have a direct effect on the market for ice cream. Milk is a key ingredient in the production of ice cream, and so a decrease in the price of milk would lead to a decrease in the production cost of ice cream. The impact of this decrease in production cost will result in an increase in the supply of ice cream. The supply curve will shift to the right, showing that more ice cream is available for sale at any given price.
This means that the equilibrium price of ice cream will decrease because suppliers are willing to sell more ice cream at lower prices due to lower production costs. As a result, consumers would demand more ice cream because they would be able to purchase it at a lower price. This increase in demand would cause the demand curve to shift to the right, further increasing the equilibrium quantity of ice cream traded in the market.
Therefore, a decrease in the price of milk would lead to a decrease in the production cost of ice cream and an increase in its supply, causing a decrease in the equilibrium price of ice cream and an increase in its quantity demanded and supplied.
For more such questions on production cost
https://brainly.com/question/29886282
#SPJ8
a cellular phone is a phone that is cellular" How might you explain to the speaker the problem with this assertion?
Answers
1.Why is knowledge of consumer behavior important to the marketer?
Answers
The knowledge of consumer behavior is extremely important to the marketer in order to provide the customers with best possible products and earning profit for himself sideways.
CONSUMER BEHAVIOR is the study of consumers and the processes they use to select the product. It particularly deals with the psychological of the customer i.e., What the think? What they want? What are the trends they are interested in? At what price do they feel comfortable? And so on.
When the marketer understands the mental state of the consumer then he/she becomes fit to earn and compete with his fellow marketers. This enables him to provide the customers with the products of their choice at reasonable prices. This is how he sustains in market and earns profit.
Example: a marketer understands that customers are attracted by discounts. So he would increase the actual cost of product and increase the discount price. The selling price is not changed but since the customer thinks he is getting more discount, he is attracted.
Consumer Behavior is of great significance to marketers because it helps them to survive in the industry. It helps them to analyze business trends and helps to keep up with their competitors. It also helps to retain their customers.
Consumer buying behavior refers to the analysis of consumers' actions when selecting whether to get a good that meets their needs. it's an investigation into how customers behave and what motivates them to purchase and use particular goods.
The study of consumer purchasing behavior is crucial for marketers because it helps them comprehend what customers anticipate from them. Understanding what prompts a consumer to get a product is useful.
The importance of consumer behavior to marketers is discussed below:
Consumer diversification: It's a technique used in marketing to set one consumer apart from a group of related consumers. This aids in creating a target market of consumers who exhibit the same or comparable behavior.Customer Retention: Consumer behavior is incredibly crucial for both attracting new consumers and keeping hold of current ones. A satisfied customer is more likely to form the same purchase in the future. Therefore, it's important to sell the product in a way that encourages repeat purchases from customers.Forecasting Demand Patterns: By doing a consumer behavior analysis, a business can avoid spending plenty of money and energy on creating a product that won't be popular with customers.Competitiveness: Understanding and handling the competition are made easier by studying consumer behavior. Your brand may have a competitive edge supported consumer expectations.Develop Unique New Technologies: Businesses continually exerting to increase the likelihood that their novel ideas or new products will succeed. Amongst the foremost crucial methods is to carry out a thorough and careful study of consumer behavior.Learn more about consumer behavior : https://brainly.com/question/9566137
If the monthend bank statement shows a balance of $36,000, outstanding checks are
$10,000, a deposit of $4,000 was in transit at month end, and a check for $600 was
erroneously charged by the bank against the account, the correct balance in the bank
account at month end is
Answers
Explanation:
36,000, outstanding checks are
$10,000, a deposit of $4,000 was in transit at month end, and a check for $600 was
erroneously charged by the bank against the account, the correct balance in the bank
account at month end is
What should a person make sure to do when filling out an application?
O fill in hardest sections first
O list only addresses for reference
O use black pen
O turn it in immediately
Answers
When filling out an application, it's recommended to start by filling in the hardest sections first. This will insure that the most difficult parts are completed when you're fresh and focused, leaving you with further time and energy to complete the easier sections. Therefore option no 1 is correct.
The other options also considered as important so you also have to fill them carefully.
2. It's important to list all necessary information when giving references on an operation, including full names, job titles, and contact information. Listing only addresses would not be sufficient.
3. It's generally recommended to use a black pen when filling out an operation, as it's easier to read and overlook. Other colors can be delicate to read or may not scan easily.
4. While it's important to submit your application in a timely manner it's also important to take the time to precisely review it for delicacy and absoluteness before submitting.
Learn more about Job Application:-
https://brainly.com/question/29641430
#SPJ1
Which term is used to describe the physiological process of decoding sounds?
Answers
Hope this helps queen
A society is productive inefficient when O a. it produces at a point on its PPF. O b. it does not produce the maximum amount of output with its given resources and technology O c. it can produce more of one good only by giving up some of another good. O d. it produces at a point beyond its PPF
Answers
a. it produces at a point inside (below) its PPF, b. it does not produce the maximum output with its given resources and technology, c. it can produce more of one good without giving up some of another good.
A limited supply of a scarce resource is referred to as such. A person's mind creates intellectual property resources. It measured the monetary worth of individuals' thoughts, innovations, designs, or creative juices. We do not view intellectual property as a scarce resource because everyone can produce these things without restriction. A point on the production possibilities frontier (PPF) of the economy becomes a position below the PPF. Considering that the PPF has not changed, this might be because of the transition from point A to point B involves leaving a useful, efficient location.
A society is productive inefficient when
Select one:
a. it produces at a point inside (below) its PPF.
b. it does not produce the maximum output with its given resources and technology.
c. it can produce more of one good without giving up some of another good.
d. both a and b
e. all of the above
Learn more about resources here:
https://brainly.com/question/18448459
#SPJ4
What is the relationship between quality and competitiveness?
Answers
The relationship between them is that to be competitive you need to produce the best Quality
Quality and competitivenessQuestion Parameters:
Quality competitivenessGenerally ,Quality speaks to the originality and all round measure of how good a thing is i comparison to another
While competitiveness is a will or desire to be the best in a group of field
Therefore, the relationship between them is that to be competitive you need to produce Quality
For more information on Measure visit
https://brainly.com/question/17972372
WHAT IS Segmentation,
Answers
Answer:
Segmentation is to divide something into separate parts or sections
What is one advantage corporations have over other types of businesses?
A. Corporations limit risk and liability for shareholders.
B. Corporations are the simplest businesses to get started.
C. Corporations have few government regulations.
D. Corporations allow one person to keep all profits.
Answers
Answer:
A. Corporations limit risk and liability for shareholders.
Explanation:
have the limited liability feature that distinguishes the business liabilities from owners. The benefit of having limited liability is that it protects the shareholders' properties from being interfered with should the company fail in meeting its obligations.
The law limits the risk of shareholders of a corporation up to the level of share contribution. In case of liquidation and the company's assets are not sufficient to cater to the liabilities, the shareholder's losses are limited to the amount of capital contribution.
Answer:
A. Corporations limit risk and liability for shareholders.
Explanation:
Windborn Company has 15,000 shares of cumulative preferred 1% stock, $100 par and 50,000 shares of $30 par common stock.
The following amounts were distributed as dividends:
20Y1 $30,000
20Y2 12,000
20Y3 45,000
Common Stock
(dividends per share)
I cannot figure out Y1 or Y3
Answers
The dividends per share for the common stock in year 1 (Y1) is $0.60 per share, and in year 3 (Y3) is $0.90 per share.
To calculate the dividends per share for the common stock in year 1 (Y1) and year 3 (Y3), we need to determine the total dividends distributed and divide them by the number of common shares outstanding.
Given information:
Cumulative preferred stock: 15,000 shares, 1% dividend
Common stock: 50,000 shares, $30 par value
Dividends distributed:
Y1: $30,000
Y2: $12,000
Y3: $45,000
First, let's calculate the dividends per share for the cumulative preferred stock in each year.
Dividends per share for cumulative preferred stock = (Par value * Dividend rate) / Number of preferred shares
Dividends per share for cumulative preferred stock = ($100 * 1%) / 15,000 shares
Dividends per share for cumulative preferred stock = $1 / 15,000
Dividends per share for cumulative preferred stock = $0.000067 per share
Now, let's calculate the dividends per share for the common stock in year 1 (Y1) and year 3 (Y3).
For Y1:
Total dividends for common stock = Dividends distributed - (Dividends per share for cumulative preferred stock * Number of preferred shares)
Total dividends for common stock = $30,000 - ($0.000067 * 15,000)
Total dividends for common stock = $30,000 - $1.005
Total dividends for common stock = $29,998.995
Dividends per share for common stock in Y1 = Total dividends for common stock / Number of common shares
Dividends per share for common stock in Y1 = $29,998.995 / 50,000 shares
Dividends per share for common stock in Y1 = $0.5999799 per share (rounded to $0.60 per share)
For Y3:
Total dividends for common stock = Dividends distributed - (Dividends per share for cumulative preferred stock * Number of preferred shares)
Total dividends for common stock = $45,000 - ($0.000067 * 15,000)
Total dividends for common stock = $45,000 - $1.005
Total dividends for common stock = $44,998.995
Dividends per share for common stock in Y3 = Total dividends for common stock / Number of common shares
Dividends per share for common stock in Y3 = $44,998.995 / 50,000 shares
Dividends per share for common stock in Y3 = $0.8999799 per share (rounded to $0.90 per share)
For such more question on dividends:
https://brainly.com/question/30360786
#SPJ8
100POINTS TO HELPP ME PLEASEEEE ASAP
Answers
Answer:
Thank you for the point's!!
rent controls require that landlords set apartment prices below the equilibrium price level. an immediate effect is an apartment rental shortage (excess demand for apartments), because at the regulated price the quantity of apartments demanded is greater than the quantity supplied. when landlords are prevented by cities from charging market rents, which of the following listed outcomes are common in the long run? check all that apply. the quantity of available rental housing units falls. the future supply of rental housing units increases. black markets develop. nonprice methods of rationing emerge.
Answers
The quantity of available rental housing units falls and Nonprice methods of rationing emerge are the listed outcomes are common in the long run. Hence, option A and D are correct.
What is equilibrium price level?The only price at which consumer and producer plans coincide is the equilibrium price, which is reached when the quantity sought by consumers and the quantity supplied by producers, respectively, are equal.
The amount of the good supplied exceeds the quantity of the good desired if the price of the good is above equilibrium. The market is overstocked with the product.
Thus, option A and D are correct.
For more information about equilibrium price level, click here:
https://brainly.com/question/29992423
#SPJ1
please help accounting 1 ASAP!
Answers
Please do provide more information, like account names, debits and credits. I don't see the full picture here.
Brushy Mountain Mining Company's ore reserves are being depleted, so its sales are falling. Also, its pit is getting deeper each year, so its costs are rising. As a result, the company's earnings and dividends are declining at the constant rate of 6% per year. What is the value of Brushy Mountain's stock (in dollars) if the company is expected to pay $4.40/share in dividend at t
Answers
The question is incomplete. The complete Question is,
Brushy Mountain Mining Company's coal reserves are being depleted, so its sales are falling. Also, environmental costs increase each year, so its costs are rising. As a result, the company's earnings and dividends are declining at the constant rate of 4% per year. If D0 = $2 and rs = 17%, what is the estimated value of Brushy Mountain's stock?
Answer:
P0 = $9.1428 rounded off to 9.14
This answer is for the question above. Change the values and use the same formula if the values differ
Explanation:
The constant growth model of dividend discount model (DDM) can be used to calculate the price of the stock today. DDM calculates the price of a stock based on the present value of the expected future dividends from the stock. The formula for price today under constant growth DDM is,
P0 = D0 * (1+g) / (r - g)
Where,
D0 * (1+g) is the dividend expected in Year 1 or next year
g is the constant growth rate in dividends
r is the discount rate or required rate of return
P0 = 2 * (1-0.04) / (0.17 + 0.04)
P0 = $9.1428 rounded off to 9.14
Personal Impact Improvement Plan. Think about the tips for how to live an environmentally friendly life and set goals for your own improvement. Be specific and realistic for your life.
Answers
A Personal Impact Improvement Plan is a means of making small lifestyle changes to reduce one's impact on the environment. It is a series of simple lifestyle changes that can make a huge difference. An environmentally friendly lifestyle is beneficial for the environment, our health, and the economy.
Following are some tips for living an environmentally friendly life: Reducing water usage: Water is an essential natural resource. Conserving water saves money and energy while protecting the environment. This can be achieved by reducing shower times, using a low-flow showerhead, and fixing leaky taps. Reducing energy usage: The use of energy affects the environment, both locally and globally.
By conserving energy, we can save on our energy bills and reduce pollution. This can be achieved by using energy-efficient lighting, unplugging electronics when not in use, and reducing heating and cooling requirements.
Reducing plastic usage: Plastic waste is a significant problem for the environment. It takes a long time to decompose, and it is not biodegradable. This can be achieved by using reusable bags, bottles, and straws.
Reducing carbon emissions: Carbon dioxide is a greenhouse gas that contributes to climate change. This can be achieved by walking, cycling, or taking public transport instead of driving and reducing air travel.
Setting goals for your own improvement is essential. Specific, realistic, and achievable goals can be set to make lifestyle changes more manageable.
The goals should be tailored to the individual and their circumstances. For example, a person can aim to reduce their energy consumption by 10% by using energy-efficient lighting and unplugging electronics when not in use.
Another person can aim to reduce their water usage by fixing leaky taps and reducing shower times. It is important to remember that small changes can make a big difference, and everyone can do their part to help the environment.
For more such questions on environmentally friendly
https://brainly.com/question/19299073
#SPJ8
When you see an advertisement for a store and decide to shop there, which element of the marketing mix has succeeded?
O Presentation
O Product
O Place
O Promotion
Answers
Answer:
Promotion
Explanation:
Because it is telling people that the product is ready for them to buy it
How did you get your answer?
Answers
Answer:
Answer to what?
Explanation:
2. Sales projections (LO2) Cyber Security Systems had sales of 3,000 units at $50 per unit last year. The marketing manager projects a 20 percent increase in unit volume sales this year with a 10 percent price increase. Returned merchandise will represent 6 percent of total sales. What is your net dollar sales projection for this year?
Answers
Answer:
hjkbwhdnejm
Explanation:
sdvfbnhmjsdjfkmasdfhjk
Which educational institutions typically cost the most to attend?
Ovocational schools
O community colleges
Opublic universities
Oprivate colleges
Answers
The educational institutions typically cost the most to attend private colleges.
What does the term "educational institution" mean?Institutions that offer instruction to individuals or services associated with education to individuals and other educational institutions are referred to as educational institutions.
A location where people of all ages can receive an education is referred to as an educational institution. This includes preschools, child care facilities, primary and elementary schools, secondary and high schools, and universities. They offer a wide range of learning settings and workspaces.
Therefore, option D is correct.
Learn more about institution at:
https://brainly.com/question/17638545
#SPJ1
Describe the "scientific" racial theories and nationalist ideas
that were cited to argue against human equality or
universal human rights;
Answers
The "scientific" racial theories that were used to argue against human equality and universal human rights were based on the belief that different human races had distinct biological characteristics and that these characteristics determined the intellectual and moral abilities of each race.
One of the most prominent scientific racists was Arthur de Gobineau, a French aristocrat who wrote a book titled "An Essay on the Inequality of the Human Races" in 1853. In his book, Gobineau claimed that the white race was superior to all other races, including the black race, and argued that racial mixing would lead to the decline of civilization. Gobineau's ideas had a significant impact on the development of the Nazi ideology.
Another influential figure in the development of scientific racism was Charles Darwin. Although Darwin did not explicitly support the idea of racial hierarchy, his theory of evolution was misused by many to justify racial superiority. Social Darwinism, which was based on the idea of "survival of the fittest," argued that different races and nations were engaged in a struggle for survival, and that the stronger races would inevitably dominate the weaker ones.
These ideas were often used to support nationalist ideologies, which held that one's nation was superior to others and should dominate the world. For example, in Nazi Germany, the belief in Aryan superiority was used to justify the genocide of millions of Jews, Romani people, and other minorities. Similarly, in the United States, the belief in white supremacy was used to justify slavery and segregation.
To know more about human rights click here
brainly.com/question/3444313
#SPJ11
(Y²R²C²i²x²k²j²e²s²b²)where "land and water are intimately intertwinned, constantly shifting, and with the pressures of population, increasingly valuable in its rarity."find all things
Answers
Land and water are intimately intertwined, constantly shifting, and with the pressures of population, increasingly valuable in its rarity to the significance and interconnectedness of land and water resources.
Here's an explanation of the terms used:
Land refers to the Earth's solid surface, which includes continents, islands, and various forms of topography. Water is the liquid component of the Earth's surface, and it includes oceans, rivers, lakes, and groundwater. Intimately Intertwined: The statement emphasises how land and water are inextricably linked and interdependent. They interact and impact one another in a variety of ways. Constant Change: Both land and water are constantly changing and moving. Population Pressures: As the world's population grows, so does the demand for land and water. Rarity and Increasing Value: The rarity of land and water resources relates to their limited availability as well as the growing appreciation for their value.For such more question on population:
https://brainly.com/question/30224379
#SPJ8
More loans can be made by lenders things to the availability of
Answers
Answer:
Secondary mortgage market
Explanation:
If this helps, please sub to Urfavshawtii on yt it would mean a lot thank you
A project is expected to generate annual revenues of $117,700, with variable costs of $74,800, and fixed costs of $15,300. The annual depreciation is $3,850 and the tax rate is 35 percent. What is the annual operating cash flow?
a) $31,450
b) $27,600
c) $44,248
d) $59,548
e) $19,288
Answers
1) Giving examples explain Eight (8) types of leadership styles(10mks)
2) Explain the do’s and don’ts of communication(5mks)
3) Explain the how managers can use motivation theories to motivate employees(10mks)
Answers
Answer:
1) Eight types of leadership styles are:
a) Autocratic Leadership: This style of leadership involves the leader making all the decisions and giving orders to subordinates without getting any input or feedback from them. This style is useful in situations where quick decisions need to be made, but it can lead to resentment and low morale among employees.
b) Democratic Leadership: This style of leadership involves the leader encouraging participation and input from subordinates in decision-making. This style can lead to higher job satisfaction and greater commitment among employees, but it can also lead to slower decision-making and lack of accountability.
c) Laissez-Faire Leadership: This style of leadership involves the leader delegating decision-making and responsibility to subordinates. This style can be useful in situations where employees are highly skilled and motivated, but it can also lead to lack of direction and accountability.
d) Transactional Leadership: This style of leadership involves the leader using rewards and punishments to motivate employees. This style can be effective in achieving short-term goals, but it can also lead to lack of creativity and innovation.
e) Transformational Leadership: This style of leadership involves the leader inspiring and motivating employees to achieve shared goals. This style can lead to high levels of job satisfaction and commitment, but it can also be difficult to implement and maintain.
f) Servant Leadership: This style of leadership involves the leader putting the needs of employees first and serving them. This style can lead to high levels of trust and loyalty among employees, but it can also be difficult to implement and maintain.
g) Charismatic Leadership: This style of leadership involves the leader using their personality and charisma to inspire and motivate employees. This style can be effective in achieving short-term goals, but it can also be risky if the leader becomes too focused on their own goals and needs.
h) Situational Leadership: This style of leadership involves the leader adapting their style to fit the situation and needs of the employees. This style can be effective in achieving a balance between task and relationship-oriented leadership, but it can also be difficult to implement and maintain.
2) The do's and don'ts of communication are:
Do's:
a) Be clear and concise in your communication.
b) Use active listening to understand the other person's perspective.
c) Use appropriate body language and tone of voice to convey your message.
d) Use examples and anecdotes to illustrate your points.
e) Provide feedback and ask for feedback to improve communication.
Don'ts:
a) Interrupt the other person while they are speaking.
b) Use offensive language or tone of voice.
c) Assume that the other person understands your perspective.
d) Make assumptions or judgments about the other person without getting their input.
e) Use distractions or multitasking while communicating.
3) Managers can use motivation theories to motivate employees by:
a) Understanding the needs and goals of the employees.
b) Providing rewards and recognition for good performance.
c) Creating a positive work environment that fosters creativity and innovation.
d) Offering opportunities for growth and development.
e) Encouraging teamwork and collaboration.
f) Providing regular feedback and communication.
g) Setting clear goals and expectations.
h) Providing training and support for employees to achieve their goals.
i) Creating a culture of trust and respect.
j) Encouraging autonomy and responsibility.
Answer:
Explanation:
1) Eight types of leadership styles are:
a) Autocratic Leadership: This style of leadership involves the leader making all the decisions and giving orders to subordinates without getting any input or feedback from them. This style is useful in situations where quick decisions need to be made, but it can lead to resentment and low morale among employees.
b) Democratic Leadership: This style of leadership involves the leader encouraging participation and input from subordinates in decision-making. This style can lead to higher job satisfaction and greater commitment among employees, but it can also lead to slower decision-making and lack of accountability.
c) Laissez-Faire Leadership: This style of leadership involves the leader delegating decision-making and responsibility to subordinates. This style can be useful in situations where employees are highly skilled and motivated, but it can also lead to lack of direction and accountability.
d) Transactional Leadership: This style of leadership involves the leader using rewards and punishments to motivate employees. This style can be effective in achieving short-term goals, but it can also lead to lack of creativity and innovation.
e) Transformational Leadership: This style of leadership involves the leader inspiring and motivating employees to achieve shared goals. This style can lead to high levels of job satisfaction and commitment, but it can also be difficult to implement and maintain.
f) Servant Leadership: This style of leadership involves the leader putting the needs of employees first and serving them. This style can lead to high levels of trust and loyalty among employees, but it can also be difficult to implement and maintain.
g) Charismatic Leadership: This style of leadership involves the leader using their personality and charisma to inspire and motivate employees. This style can be effective in achieving short-term goals, but it can also be risky if the leader becomes too focused on their own goals and needs.
h) Situational Leadership: This style of leadership involves the leader adapting their style to fit the situation and needs of the employees. This style can be effective in achieving a balance between task and relationship-oriented leadership, but it can also be difficult to implement and maintain.
2) The do's and don'ts of communication are:
Do's:
a) Be clear and concise in your communication.
b) Use active listening to understand the other person's perspective.
c) Use appropriate body language and tone of voice to convey your message.
d) Use examples and anecdotes to illustrate your points.
e) Provide feedback and ask for feedback to improve communication.
Don'ts:
a) Interrupt the other person while they are speaking.
b) Use offensive language or tone of voice.
c) Assume that the other person understands your perspective.
d) Make assumptions or judgments about the other person without getting their input.
e) Use distractions or multitasking while communicating.
3) Managers can use motivation theories to motivate employees by:
a) Understanding the needs and goals of the employees.
b) Providing rewards and recognition for good performance.
c) Creating a positive work environment that fosters creativity and innovation.
d) Offering opportunities for growth and development.
e) Encouraging teamwork and collaboration.
f) Providing regular feedback and communication.
g) Setting clear goals and expectations.
h) Providing training and support for employees to achieve their goals.
i) Creating a culture of trust and respect.
j) Encouraging autonomy and responsibility
Which of the following is an example of a positive externality that would result from converting the inner part of a city to a
pedestrian only area?
The decrease in population in the city
The increase in the commute time for people who work in the area
A decrease in business in the area
The reduction in gas prices for people who work in the area
Answers
The reduction in gas prices is an example.
Whenever a production of good or service benefits the third party who is not directly involved in a market transaction, it is said that positive externality exists in the scenario.
In another word, Positive externalities does exist when a third party benefits an action with involvement with direct transaction..A typical example of where positive externality exist is when there is reduction in gas prices for people who work in the area. A third party who need fuel will benefit here because there were few need for fuel in pedestrian area, leading to crash in fuel price.Learn more about Positive externalities here
brainly.com/question/18400181
Answer:
the decrease in pollution in the city
Explanation:
just took the test
Question 7 (3 points)
All of the following are necessary functions of a government EXCEPT?
1) providing a legal system to enforce laws and protect property rights
2) maintaining competition by regulatingg monopolies
3) promoting economic growth at the expense of employment and inflation
4) providing goods that private companies cannot provide
Answers
The function of the government does not include 4) providing goods that private companies cannot provide
Functions of government:It gives the legal system for enforcing the laws and protecting property rights. It maintained the competition via regulating the monopolies.Also, it gives the economic growth.Read more about the government here: https://brainly.com/question/24479311
why do you think p2p apps have become so popular?
Answers
P2P payment apps are popular in the U.S. because they make the exchange of money easy. Nearly half (46%) of smartphone owners say they regularly use peer-to-peer payment apps. These apps offer convenience and flexibility when it comes to making payments.
Which of the following is an advantage of engineering controls?
Answers
C : Because they modify the work environment and equipment to reduce or isolate the worker from the source of the exposure to a hazard, engineering controls are more effective than administrative and PPE controls.
What advantages do engineering controls provide?By removing hazardous conditions or putting a barrier between the worker and the hazard, engineering controls safeguard workers. Local exhaust ventilation, which collects and removes airborne emissions, and machine guards, which protect the worker, are two examples. Installing guardrails to prevent falls, using portable air conditioners to combat heat stress, limiting exposure to hazardous chemicals through ventilation, and installing noise absorption panels to reduce high noise levels are all examples of engineering controls.
To learn more about hazard visit :
https://brainly.com/question/22116630
#SPJ1
Complete question :
Which of the following is an advantage of engineering controls?
a. Administrative controls.
b. Personal protective equipment (PPE).
c. protect workers .