Answer:
C
Explanation:
Performance management strategy goal or purpose is to provide a system through which better results can be obtained from the organization, teams, and individuals by having an understanding of how to manage performance within an agreed framework of planned goals, standards, and competence requirements.
It also aims aims at building a high performance environment for both the individuals and the teams so that they jointly take the responsibility of improving the business systems on a continuous basis and at the same time upgrading their own skills within a leadership framework. Its purpose is to enable goal clarity to makeď people do the right things in the right time. The main objective of a performance management system is to achieve the capacity of the employees to the full potential in favor of both the employee and the organization, by making a clear distinction of roles, responsibilities and accountabilities, required competencies and the expected behavior
Answer: Bank B is the better investment. In 10 years, her $2,000 will grow to $4,317.85, and with bank A, her $2,000 will grow to $3,700.
Explanation:
Bank A was offering 8.5% simple interest. $2000 with 8.5% simple interest. = A = P(1 + rt)
A = 2000(1+(0.085*10))
= 2000(1+0.85)
= 2000(1.85)
= 3,700
Bank B was offering 8% compounded annually
= A = P(1+r/n)^nt
A= 2000(1+8%/1)^1*10
A= 2000(1+0.08)^10
A= 2000(1.08)^10
A= 2000*2.1589
= 4,317.85
Answer:
The correct anwer is E) A new CEO is an example of a strategic inflection point.
Explanation:
The statement that "A new CEO is an example of a strategic inflection point" is false since to determine a strategic inflection point we rely on other factors that affect companies such as the power of competitors, the power of customers, the power of potential competitors, the power of suppliers and the power of substitutes.
For example, if my product or service is exceeded 10 times more by the competition in quality or price; we are talking about a strategic inflection point.
Answer:
The application of skill and knowledge with reasonable care and diligence
Explanation:
Competence is a part of Article IV- Due Care under the AICPA code of professional conduct. Competence is necessary to render the professional service without calling into question. It represents the application and maintenance of perceiving experience that supports a professional member to render a service with extreme knowledge, facility, and professionalism. Therefore, the answer choice B is the correct option.
Answer:
1. Time is scarce so Trey must decide whether to buy the car as soon as possible or to keep his position on the team
2. Entrepreneurship
3. A supply truck
4. Josephine felt she could help students most by improving teachers' skills
5. Profit
6. The ability to produce goods at a lower price
7. Feels the marginal benefit of an extra hour of studying exceeds the marginal cost of not playing basketball.
Explanation:
1. Trey should not take too long to make his decision as time is scarce. If he does, then the price of the car may fluctuate or someone else might end up buying it.
2. Janice is the one who came up with the idea of setting up the business and she is also the risk-taker here. For this reason, she represents entrepreneurship.
3. A supply truck is the capital for a construction company because it is used as an input to deliver the material.
4. Josephine identified the problem that teachers need to be taught better management skills for the sake of students' success.
5. Profit is one of the many major goals of business owners because that amount is used to pay for future business-related needs. It is also important because it keeps the business up and running.
6. Singapore offered lowered rates of production. Although other facilities are better in Michigan the cost of production will increase a lot. Therefore, the ability to produce goods at a lower cost is the opportunity cost.
7. Russel believes that studying extra will make his future bright than playing basketball. Also, the benefits of studying are more than the disadvantages of not playing basketball.
