Answer:
$31,584
Explanation:
Pouch Corporation
Direct Labor Budget June July Total
Required production in units
2,100 1,900
Direct labor-hours per unit
0.84 0.84
Total direct labor-hours needed
1,764 1,596
Direct labor cost per hour
$9.40 $9.40
Total direct labor cost
$16,581.60 $15,002.40 $31,584
Required production in units×Direct labor-hours per unit =Total direct labor-hours needed
Total direct labor-hours needed×Direct labor cost per hour =Total direct labor cost
$16,581.60 + $15,002.40 = $31,584
I do not agree that “the only beneficiary of the entrepreneurial wealth is the entrepreneur him/herself.”
The entrepreneur may be the chief beneficiary when she is alive to reap the rewards of their entrepreneurial efforts. But, she is certainly not the only beneficiary of the entrepreneurial wealth that she creates. Nobody works in isolation. When the entrepreneur commences her business, society as a whole benefits because any individual wealth created increases the wealth of the nation and the world. She only gets the profit share of the created wealth. Customers who patronize her services and goods also derive satisfaction of needs (utility or value). The entrepreneur's wealth is also shared to the government in form of taxes. Suppliers of primary goods and services also share in the wealth of the entrepreneur. And employees of the entrepreneur also take a large share of the created wealth.
But, who is an entrepreneur? She is somebody who assumes some entrepreneurial (first-time) risks in order to set up a business for the manufacture or provision of goods and services for the purpose of profit. Her business may not be profitable in the short-run. She can even lose tons of money initially until the profit stage sets in. As she preserves, the profits will start rolling in, provided she had done her homework well.
Answer:
- <u>Members of teams with high cohesiveness feel higher loyalty to the team and have better job satisfaction.</u>
- <u>Teams with high cohesiveness are generally more productive due to the energizing effect of regular interaction among team members.</u>
Explanation:
Remember, cohesiveness looks at the degree to which team members <em>stick</em> together in times of difficulties.
Also cohesive teams are good communicators; they would involve in regular interactions among team members, an attitude which when applied to an organisation setting would increase the team's productivity.
Answer: Nominal
Explanation:
When the Nominal measurement scale is used, it means the data was sorted into labels or names which is why it is sometimes referred to as Named data. For instance, sorting dogs in a park into their species i.e Husky, American Bull, German Shephard etc.
There is no quantitative value and usually there is no ordering method to this measurement scale.
The professor sorted her students according to their majors which in this case acted as labels so the Professor was using the Nominal measurement scale.
