Monopolistic firms do not usually follow profit maximization prices, instead, they follow profit-satisfying prices. These prices are fixed such that they cover all the expenses, i.e., average cost and leave a profit for the monopolist.
Monopolistic firms price their products through a demand curve, and the product price they come up with is above the marginal cost. In other words, they use their market power to fix their own prices. This is because monopolistic firms are the only sellers of their product in the market. The optimal price and quantity level for the monopolistic firm is found at the intersection point of the marginal revenue curve and marginal cost curve. This quantity Q* is less than the socially optimal quantity of Q0, which would be produced if the industry was perfectly competitive. The difference between Q0 and Q* is referred to as the deadweight loss to society.
Hence, monopolistic pricing has social costs. As a result, the monopolist is a price maker and enjoys the freedom of charging a higher price than the normal price, thereby making supernormal profits. Additionally, since the monopolist charges a higher price than the normal price, it prevents buyers from consuming more than the socially optimal level of the good or service they provide. Therefore, monopolistic pricing has social costs.
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Woodrow Wilson's New Freedom a supported federal government ownership of railroads and utilities. b favored big business with accompanying federal regulation. c favored small enterprise, entrepreneurship, and the busting of monopolies. d was focused around working-class issues like unions and minimum-wage laws. e opposed banking and tariff reform.
Answer:
C.
Explanation:
Favored small enterprise
It is always possible to identify all the causes of a problem completely. please select the best answer from the choices provided t f
It false that the causes of a problem can always possible to identify completely.
What is problem solving?This is when a means is device towards solving a difficult task. When a problem has been identified, the next step is to look for ways of solving such problems.
Hence, It false that the causes of a problem can always possible to identify completely.
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Julie has just retired. Her company’s retirement program has two options as to how retirement benefits can be received. Under the first option, Julie would receive a lump sum of $141,000 immediately as her full retirement benefit. Under the second option, she would receive $20,000 each year for 8 years plus a lump-sum payment of $60,000 at the end of the 8-year period.Required:1. Calculate the present value for the following assuming that the money can be invested at 9%. If she can invest money at 9%, which option would you recommend that she accept?
After considering the given data we conclude that option 1 has a greater present value than option 2, I advise Julie to choose it.
In order to evaluate the present value of money, we have to know the future value, the interest rate per period, and the number of periods.
We apply this formula:
\(PV = FV/ (1+r)^n,\)
Here we perform division regarding the future value by a factor of 1 plus the interest rate raised to the power of the number of periods.
For choice 1, Julie will get her whole retirement payout in a lump payment of $141,000 right now. Option 2 will conclude her with $20,000 a year for eight years along with a lump sum payout of $60,000 at the end of the eight years.
To evaluate which option is better for Julie assuming that she can invest money at 9%, we can calculate the present value for each option.
PV equals $141,000 for option 1 / (1+0.09)0 = $141,000
PV is $20,000 / (1+0.09) for option 2 + $20,000 / (1+0.09)² + $20,000 / (1+0.09)³ + $20,000 / (1+0.09)⁴ + $20,000 / (1+0.09)⁵ + $20,000 / (1+0.09)⁶ + $20,000 / (1+0.09)⁷ + ($60,000) / (1+0.09)⁸ = $128,591
As a result, because option 1 has a greater present value than option 2, I advise Julie to choose it.
In the field of finance and economics, interest is considered the amount paid over and above the principle amount (the amount borrowed) to a lender or depositor by a borrower or deposit-taking financial institution at a predetermined rate. It differentiates from a fee that the borrower have to pay to the lender or another organization.
It also distinguished from a dividend, which is cash distributed to shareholders (owners) by a business from its profit or reserve, but not at a predetermined rate or proportionally; rather, it is a portion of the reward received by risk-taking businesspeople when revenue is earned that exceeds all costs.
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Banking is not just a domestic function anymore since it is influence by _____ issues.
The banking industry has become increasingly interconnected and influenced by global factors. Globalization, advancements in technology, and international trade have expanded the reach and impact of banking activities beyond domestic borders. Economic, political, and regulatory issues on a global scale can significantly affect the operations, performance, and stability of banks.
Global issues such as economic crises, trade policies, geopolitical tensions, and regulatory changes in one country can have ripple effects on financial markets worldwide. Banks are exposed to risks arising from fluctuations in foreign exchange rates, international market volatilities, and cross-border transactions. Additionally, the interconnectedness of banking systems through cross-border lending and financial instruments can lead to contagion effects, where problems in one country's banking sector can quickly spread to others.
Moreover, global issues like money laundering, terrorist financing, and cybersecurity threats have become major concerns for the banking industry. Banks must comply with international regulations and standards to combat financial crimes and ensure the security of customer data across borders.
In conclusion, banking has transcended domestic boundaries and is now influenced by various global issues. The interconnected nature of the banking industry and the impact of global factors on financial markets necessitate a global perspective and proactive risk management strategies for banks to navigate the challenges and opportunities presented by these issues.
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One disadvantage of using a company’s tuition reimbursement program is that _______.
a.
You may have to extend your contract with the company
b.
Your ongoing education costs will rise considerably
c.
It may decrease your job satisfaction if you become more skilled
d.
Ongoing education has been proven to decrease worker motivation
One disadvantage of using a company’s tuition reimbursement program is that you may have to extend your contract with the company.
Tuition reimbursement is offered by employers as a way to pay back employees for education expenses. The people who participated still have to pay out of pocket for the courses they take. At the end of the course, the employee can get back some or all of the tuition expenses.
Answer:
is A. You may have to extend your contract with the company
Explanation: I took the test and is right
Does anyone have a perfect competition business example?
Answer:
Perfect competition is a type of market structure where products are homogenous and there are many buyers and sellers. ... Whilst perfect competition does not precisely exist, examples include the likes of agriculture, foreign exchange, and online shopping.
Explanation:
On a separate piece of paper complete Problem 1-8A, part 1 and 2 only on page 65. Using your answer select the correct answer for the question asked. What portion of the company's assets are funded by debt? Which transaction from a to I is considered an event and requires no entry since no exchange has occured? What is the balance in the Office Equipment account at the end of March? What is the total investment made by the owner into the business during March?
Post the journal to a ledger of four-column accounts.2. Prepare an unadjusted trial balance as of March 31, 2021.3. At the end of March, the following adjustment data were assembled. Analyze and use these data to complete parts (3) and (4). a. Office equipment costing $5,000 is purchased in cash.
Depreciation on the equipment is $100 per month.
b. Unrecorded interest accrued on notes payable, $500.
c. Owner withdrew cash for personal use, $1,000.
d. Rent expired during March amounted to $500.
e. Salaries earned by employees since the last payday amounted to $1,000.
f. The prepaid insurance account shows a balance of $2,600, representing unexpired insurance as of March 31.
g. Supplies on hand totaled $700. h. Utility expenses incurred but not paid amounted to $250. i. Income taxes accrued but not paid totaled $900.
Requirement 1:The percentage of assets funded by debt can be calculated by using the formula as follows:Debt to Asset Ratio= (Total liabilities) / (Total assets). Debt to Asset Ratio = $16,000 / $43,000Debt to Asset Ratio = 0.37 or 37%Therefore, the company's assets are funded by 37% debt.Requirement 2:Which transaction from a to I is considered an event and requires no entry since no exchange has occurred? The transaction from a to I which is considered an event and requires no entry since no exchange has occurred is i.e., transaction I. Requirement 3:What is the balance in the Office Equipment account at the end of March? The balance in the Office Equipment account at the end of March can be calculated by using the following formula: Cost of Office Equipment - Depreciation Office Equipment account balance = $5,000 - (3 x $100) = $4,700Therefore, the balance in the Office Equipment account at the end of March is $4,700.Requirement 4:What is the total investment made by the owner into the business during March? The total investment made by the owner into the business during March can be calculated by using the following formula: Owner's Equity at the end of March - Owner's Equity at the start of MarchAdd: Withdrawals - Net IncomeOwner's capital balance at the start of March = $24,000. Owner's capital balance at end of March = $26,000; Withdrawals = $1,000; Net Income = $10,900; Total Investment = $26,000 - $24,000 + $1,000 + $10,900 = $14,900.
Therefore, the total investment made by the owner into the business during March is $14,900.
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diferencia entre cinética y equilibrio
Which of the following are signs of a person being in credit distress?
A. Writing a check to make debt repayment
B. Making all debt repayments in full
C. Only making minimum payments on credit cards each month
D. Paying-off an automobile loan 12 months early
Only making minimum payments on credit cards each month.
What's a distressed borrower?A distressed borrower is a borrower who is unable to completely repay their debt on time, due to economic difficulties. A distressed borrower can be both someone or an enterprise whose profits fall because of unexpected circumstances.
What takes place in monetary distress?Monetary misery is a condition wherein an agency or man or woman can not generate sufficient revenues or profits, making it unable to fulfill or pay its monetary obligations. That is generally because of high fixed costs, a big diploma of illiquid property, or sales sensitive to financial downturns.
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a service provided by -e-government that requires access to the Internet is _____.
A. RFID tags
B. E-tax returns
C. Radio programming
D. CCTV (Closed circuit TV)
Answer:
B. E-tax returns
Explanation:
E-tax returns is the electronic filing of tax returns via the internet. It entails online submission of pre-approved tax return forms available on the tax authority's website.
In recent years, governments have put measures to facilitate e-returns. It has simplified the process making it popular among taxpayers. Electronic tax filing has have contributed to having a high number of citizens registering as taxpayers.
True or false
the given statements refer to the pricing, economic efficiency, and resource allocation for monopolistically competitive firms. label the statements as being either true or false. each term is used more than once.
statement 1: monopolistically competitive firms will produce where price=marginal revenue=marginal cost in the short run.
statement 2: monopolistically competitive firms are inefficient in their use of resources since they produce at the point where marginal revenue=marginal cost, which means that price>marginal cost in the short run.
statement 3: monopolistically competitive firms will have positive profits even in the long run.
statement 4: monopolistically competitive firms will have demand curves tangent to the left of minimum average total cost. this means that monopolistically competitive firms will not experience economies of scale in the long run
For the given statements referring to the pricing, economic efficiency, and resource allocation for monopolistically competitive firms.
Statement 1: False
Statement 2: True
Statement 3: False
Statement 4: True
Statement 1: Monopolistically competitive firms will produce only where the marginal revenue equals the marginal cost in the short run.
Statement 2: Monopolistically competitive firms are inefficient in their use of resources since they produce at the point where marginal revenue equals the marginal cost, which means that price>marginal cost in the short run. This is a correct statement.
Statement 3: Monopolistically competitive firms will have positive profits even in the long run. This statement is incorrect. In the long run they will have zero profit due to the no cost entry (free entry) and the exit of firms.
Statement 4: Monopolistically competitive firms will have demand curves tangent to the left of minimum average total cost. This means that monopolistically competitive firms will not experience economies of scale in the long run.
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1, xyz company cost function for the next four month is cost =500000+5Q A, find the BE dollar volume of sale is the selling price is birr 6/unit B, what would be the company cost is it decides to shutdown operation for the next four month
Answer:
Break Even point Q = 500000
Shut Down Point P < 5
Explanation:
Break Even point is where Total Revenue = Total Cost.
Total cost = 500000 + 5Q, price = 6 (Given) , Total revenue = Price x quantity
So, TR = TC implies : 500000 + 5Q = 6Q → 500000 = 6Q - 5Q
Q = 500000
Shut Down Point is where firm's Price is < its Average Variable Cost .
AVC is the variable cost on per unit output, is found out by average of variable component of cost function. C = 500000 + 5Q implies variable cost = 5Q , so AVC = 5Q / Q = 5
So, the firm would shut down if its price would go below AVC , ie if P < 5
Mega Construction Pvt. Ltd. obtains a $75 million contract to construct a building. It estimates that it will take 4 years to complete the project. The estimated cost of the project is $60 million. Mega Construction incurs costs amounting to $20 million in Year 1, $15 million in Year 2, $13 million in Year 3, and $12 million in Year 4. Assuming that the outcome of the project can be estimated reliably and that Mega follows IFRS, the profit that the company should recognize in Year 1 is closest to:
Answer:
240000000000 gaffsidieu2d1se61uwieosvcscsjzkzodvscscegsisos9wgcwvoeghjeksbe
Explanation:
fcaiwke cecskepepwxqdqti2o3crvtktoyivt00000000sww3567fsseet6
A person's cognitive biases are MOST likely to affect what?
Question 1 options:
how their brains filter information
whether they use email or instant messaging
how much money they make
what kind of jargon they use
Question 2 (1 point)
Which of these is a secondary emotion?
Question 2 options:
fear
jealousy
anger
sadness
Question 3 (1 point)
Every afternoon at one o'clock, the air conditioner in Emilio's office turns on to lower the temperature by five degrees. Emilio finds it way too cold and it distracts him from his work. In this case, which element is affecting his perception and emotions?
Question 3 options:
culture
personality
physical environment
social media
Question 4 (1 point)
Hotaru is from Japan, where it is very common for multiple generations to live together. She is not judgmental of a 25-year-old man who lives with his parents because of her what?
Question 4 options:
physical environment
personality
culture
age
Question 5 (1 point)
Danielle tends to roll her eyes when listening to her little sister tell a story. What step should she take to increase her emotional awareness to address this issue?
Question 5 options:
consider her own feelings
monitor her facial expressions
operate on trust
be more empathetic
In Psychology, framing effect can be defined as a cognitive bias wherein a person's choice from a group of options is primarily influenced by the positive or negative connotations pertaining to the options that are available.
What is cultural diversity?Cultural diversity can be defined as an existence of cultural variety and cultural differences due to the presence of several ethnic groups that are living within a society.
In this context, we can logically deduce that some examples of distinctive cultural characteristics that differentiate groups are:
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Which of the following scenarios describes an advantage of a global economy?
A car company makes its products in a country known for high manufacturing requirements.
A lightbulb company expands to a country where potential workers all have the same educational background.
An electronics company manufactures products in a country where the materials cost is high.
A toothpaste company expands to another country where there is a lot of competition for jobs.
https://www.nap.edu/read/1806/chapter/7
Purchasing goods and services for business purposes can alternatively be referred to as _______. group of answer choices retail buying service buying commercial selling commercial buying
Purchasing goods and services for business purposes can alternatively be referred to as commercial buying.
Commercial buying involves the acquisition of goods and services by businesses to support their operations. This can include purchasing raw materials, equipment, office supplies, or even outsourcing services like accounting or IT support.
1. Commercial buying refers to the process of businesses procuring goods and services to meet their specific needs.
2. It is different from retail buying, which involves the purchase of goods by individuals for personal use.
3. Commercial buying can involve large quantities of goods and services, as businesses often require items in bulk to maintain their operations.
4. The process of commercial buying usually involves evaluating different suppliers, negotiating prices, and considering factors like quality, reliability, and cost-effectiveness.
5. For example, let's say a restaurant needs to purchase fresh produce for its menu. The restaurant owner would engage in commercial buying by sourcing fruits and vegetables from a supplier that offers high-quality produce at competitive prices.
In summary, purchasing goods and services for business purposes is known as commercial buying. This term encompasses the various steps and considerations involved in acquiring the necessary resources for a business to operate efficiently.
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although it is very difficult to measure, measuring technical performance is as important as measuring schedule and cost performance/ quality
Indeed, while measuring technical performance may be challenging, it is equally important as measuring schedule, cost, and quality performance.
Measuring technical performance is crucial because it focuses on assessing the effectiveness and efficiency of the technical aspects of a project, product, or process.
involves evaluating the technical requirements, specifications, and performance standards to ensure that they are met. By measuring technical performance, organizations can identify any deviations, inefficiencies, or areas that need improvement in the technical implementation.
While schedule, cost, and quality are commonly measured project parameters, technical performance provides a deeper understanding of the project's technical aspects. It allows organizations to evaluate whether the technical solution or implementation is meeting the intended goals and requirements effectively.
Neglecting technical performance can have significant consequences. Even if a project is delivered on time and within budget , if it fails to meet the required technical standards or performance expectations, it may result in subpar quality, poor functionality, or inadequate user experience.
Measuring technical performance provides valuable insights into the success or shortcomings of the technical implementation, enabling proactive decision-making and necessary adjustments to ensure the final product or project meets the desired technical standards and objectives.
While challenging, establishing appropriate metrics and measurement methods for technical performance is crucial for overall project success, as it ensures that the technical aspects are aligned with schedule, cost, and quality requirements, resulting in a high-quality and well-performing end result.
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Is it true that the higher the risk the higher the return?.
Yes it is true , The higher the risk the higher the return .
What is meant by higher the risk ?Larger risk is linked to a higher likelihood of higher return, whereas lower risk is linked to a higher likelihood of smaller return. The risk-return trade-off refers to the balance that an investor must strike when weighing investing options.
Simply put, the relationship between risk and the necessary rate of return is based on the notion that as risk rises, so does the required rate of return. The needed rate of return declines as risk increases.
In financial management, risk and return refer to the risks and returns of a certain investment. Investments with higher levels of risk typically produce higher financial returns than those with lower levels of risk. In other words, the return on a specific investment is closely correlated with its risk.
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Data that is based on natural language, such as social media posts, comments, e-mail messages and so
forth, is known as:
a. semi-structured data
b. unstructured data
c. big data
d. structured data
What are the approaches for learning Economics effectively?
Outline how the marketing mix for Mars bars
may affect their level of impulse sales in a
small corner shop?
The 4 Ps are used and specified in the marketing mix to characterize a product's strategic positioning in the market.
E. Jerome McCarthy, who promoted the four-P classification he devised, was a notable figure to take center stage in 1960. "The marketing mix approach to marketing is a framework for developing and putting into practice market strategy.
Product, place, pricing, and promotion make up the main four components of the marketing mix. The four Ps are the names given to these variables. Numerous sources frequently compare the marketing mix to a recipe for creating a successful marketing strategy, where each ingredient is employed in a different way and at a different time depending on the good or service being marketed. To describe the components of the marketing mix, this study will draw on three sources.
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what type of testimony is inappropriate for a health information manager serving as custodian of the record when he or she is called to be a witness in court?
Personal opinion or speculation is inappropriate testimony for a health information manager serving as a witness in court.
As a custodian of the record, a health information manager has a professional duty to maintain and safeguard medical records.
When called to be a witness in court, their role is to provide accurate and objective information related to the medical records in question.
In this capacity, it is important for the health information manager to present factual and verifiable information based on their knowledge and expertise.
Testimony that involves personal opinions, biases, or speculation is considered inappropriate because it may introduce subjective and unreliable information into the legal proceedings.
The health information manager should focus on presenting facts, interpreting medical records within their scope of expertise, and providing context or clarification when required.
It is essential for the health information manager to maintain professional integrity and adhere to the ethical standards of their role as a custodian of the record.
By providing objective and reliable testimony, the health information manager can contribute to the fair and just resolution of the legal case while upholding the integrity of the healthcare information management profession.
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Jerome is developing an ad for three properties he has listed in an upscale community. He wants to keep it short and simple. Which of these would NOT trigger full disclosure under TILA?
O Get a low 4.925% APRO Get a low 4.295% APRO Get a low 3.925% APRO Get a low 3.295% APR
Jerome is developing an ad for three properties he has listed in an upscale community. He wants to keep it short and simple. Among the given options, the statement that would NOT trigger full disclosure under TILA is "Get a low 4.295% APR".
TILA stands for the Truth in Lending Act, which is a United States federal law that protects consumers in credit transactions by compelling lenders to disclose all terms and costs in writing. Any credit terms provided to the client must be completely disclosed under this law.
When consumers shop for a mortgage loan, they compare the Annual Percentage Rate (APR) of various lenders to determine the best deal. The APR is a calculation that includes both the loan's interest rate and the costs of borrowing. As a result, if any loan terms or fees are advertised in the ads, they must be fully disclosed.
The option "Get a low 4.295% APR" will not trigger full disclosure under TILA. The lender must adhere to TILA's disclosure requirements while advertising the loan terms.
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Under ________, the market consists of a few large sellers who are highly sensitive to each other's pricing and marketing strategies.
Answer:
oligopolistic competition
johnny has a penny removed from his left nostril in the provider’s office. what cpt® code is reported? a. 30100 b. 30320 c. 30160 d. 30300
The correct CPT® code for the removal of a foreign body from the left nostril is 30300. This code is used for the removal of a foreign body from the nasal cavity without general anesthesia. CPT® code 30100 is used for the removal of a foreign body from the nose with forceps, while code 30160 is used for nasal endoscopy with removal of a foreign body.
Code 30320 is used for the removal of a foreign body from the nasal sinuses.It is important to report the correct CPT® code for any medical procedure, as it ensures accurate billing and appropriate reimbursement for the provider. In this case, the provider will use code 30300 to report the removal of the penny from Johnny's left nostril.It is important to note that CPT® codes are updated annually, so it is essential to stay up-to-date with any changes in the coding guidelines. Additionally, it is always advisable to consult with a qualified healthcare professional or coder for any questions related to medical coding and billing. Hi! I'm happy to help you with your question. The correct CPT® code for Johnny having a penny removed from his left nostril in the provider's office is 30300. This code represents the removal of a foreign body from the nasal cavity without the use of an endoscope. The other options you provided are not accurate for this scenario: a. 30100 refers to a biopsy of the nasal mucosa, which is not relevant in Johnny's case.
b. 30320 represents the removal of a foreign body from the nasal cavity using an endoscope, which is not mentioned in your question. c. 30160 is a code for excision of the nasal turbinate, which again is not relevant to Johnny's situation.
In summary, the appropriate code to report for Johnny's procedure is 30300, as it represents the removal of a foreign body from the nasal cavity without an endoscope.
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Adjusting entries to record expenses incurred in the current period, that will be paid in a future period, is described as
Answer: accruing unpaid expenses
Explanation:
Which of the following is most likely to create a long-term trend?
A. Fashion
B. Entertainment
C. Television shows
D. Demographics
Demographics is most likely to create a long-term trend. Demographics is the study of the characteristics of human populations, such as age, sex, education, income, and race. The correct answer is option D.
These factors have a significant impact on consumer behavior, and thus, they can create long-term trends in the marketplace. As people age, their preferences change, and they tend to consume different products and services. For example, as the baby boomer generation has aged, there has been a trend towards products and services that cater to their needs, such as retirement communities, healthcare, and leisure activities.
Additionally, changes in education, income, and race can create new trends in consumer behavior. For example, if there is an increase in the number of people with higher education degrees, this could lead to a trend towards products and services that cater to their needs, such as high-tech gadgets, gourmet foods, and luxury vacations. Therefore, demographics is most likely to create a long-term trend. The correct answer is option D.
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The cost of interest of a $500 loan for 12 months is $21.88. What is the interest rate charged for the loan per year?
Answer:
4.19%
Explanation:
((500/(500+21.88)-1)*100
The person or group most responsible for a product meeting is:
A. senior management.
B. the leader or facilitator.
C. the participants.
D. both the leader and the participants.
Answer:
both the leader and the participants.
Explanation:
you can't have a meeting with just a leader it's got to have participants no matter their title if it's a meeting in which those specific people have to attend wether they are senior member or other leaders, a meeting contains all the individuals called to attend it.
5. When might a company decide that it needs to hire a human resource professional?
Answer:
See Below
Explanation:
Below are a few reasons why a business might consider hiring a trained HR officer
It is recommended to hire a Human resource specialist once a company has 50 employees and above. When a business has over 50 employees, it needs someone trained to manage their welfare and other human resources issues.
When a company is growing or expanding rapidly, it requires to employ more people. No matter the size of a business, when a business is hiring people frequently, it needs an HR officer to coordinate the recruitment process.
If a manager spends over 3 hours a day handling employee issues, then it's time to employ a trained HR officer. This gives the manager time to focus on their core mandate. A dedicated specialist will be best suited to address employee issues, which is beneficial to both the company and the employees.