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Vitek1552 [10]
1 year ago
15

After assessing the results from a recent customer survey, top managers at Gibraltar Corporation are convinced their firm is doi

ng a poor job of responding quickly to customer needs. This has the managers very worried. Empowerment might be an approach that would help Gibraltar improve its responsiveness.
1. True
2. False
Business
2 answers:
solniwko [45]1 year ago
6 0

Answer:

The correct answer is number (1): True.

Explanation:

Empowerment refers to the delegation of power from managers to subordinates. By doing so, executives allow employees to be more independent in decision-making situations which generates confidence in themselves to solve problematic cases. Besides, workers' commitment to their duties is likely to increase moreover when employees what to prove managers they can handle operations efficiently.

Thus, <em>Gibraltar Corporation can definitely improve responsiveness by empowering customer service representatives.</em>

vivado [14]1 year ago
4 0

Answer:

Empowerment approach is a type of approach which empowers people to do their tasks and this way they feel more confident working for the company.

Here in this question, I think that empowerment approach can be a good way to improve the responsiveness of the company because this way, it will create a sense of security in amongst the workers and they will feels confident to respond to customer needs by themselves, which in turn will ultimately lead to quick responding to the customer needs by the company. So yes, i think the answer is TRUE.

Hope this clear things up. Thank You.

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Carlos Consulting Inc. provides financial consulting and has collected the following data for the next year’s budgeted activity
ipn [44]

Answer:

1. 40%

2. $1140

Explanation:

1. The material loading charge usually covers the costs of purchasing, receiving, handling, and storing materials, plus any desired profit margin on the materials themselves and expressed as a percentage of the total estimated costs of parts and materials for the year.

Step 1

Compute the supply cost:

Supply cost = Supply clerk’s wages + Fringe benefits of supply + Related overhead of supply

Supply cost = $18,000 +  $4,000 + $20,000 = $42,000

Step 2

Calculate the material loading charge:

material loading charge = ((supply costs/Total estimated material cost)×100) + Profit margin on materials

Material loading charge = (($42,000/$168,000)×100) + 15%

Material loading charge = 25% + 15% = 40%

The material loading charge is 40%

2. Calculating the Client's bill

Step 1

Calculate the estimated consultant cost (ECC):

ECC = Consultants’ wages + Fringe benefits for consultant + Related overhead for consultant

ECC = $90,000 + $22,500 + $17,500 = $130,000

estimated consultant cost = $130,000

Step 2

Calculate the total price per consulting hours (PCH)

Cost per consulting hour = estimated consultant cost /Total estimated consulting hours

Cost per consulting hour =  $130,000/5,000 = $26

Price per consulting hours = Cost per consulting hour + Profit margin per hour

Price per consulting hours = $26 + $20 = $48

total price per consulting hours = Price per consulting hours × 20

total price per consulting hours = $48 × 20 = $960

Client's bill = total price per consulting hours + $180 of materials

Client's bill = $960 + $180 = $1140

The client's bill is $1140

3 0
1 year ago
Which statement best describes one way businesses participate in the
likoan [24]

Answer:

C. Businesses create goods for product markets to sell.

Explanation:

8 0
1 year ago
Read 2 more answers
Tanner wants to buy a new car. What will he most likely consider when making his decision on the type of car to buy?
Nitella [24]

Answer: a deal website that compares different types of cars, so he can choose the one he likes best

Explanation:

When buying a good or service, it is best to look out for a variety of those goods because it will enable a person to be able to compare the different varieties and be able to pick the one most suitable for them.

Tanner therefore will most likely use a website that compares cars so that he is able to see the features that different cars offer which will enable him make a decision that is most suitable for him.

8 0
2 years ago
Consider the following balance sheet for TD. Assets Liabilities Reserves 493 Deposits 2900 Loans 2407 4. Suppose that TD is a ty
anzhelika [568]

Answer:

what is the money multiplier?

  • 5.88

what is the total change in the M1 Money Supply?

  • Just because a client deposits money into a bank it does not increase M1, it just changes its composition. The immediate effect of the deposit in the total money supply is nothing. If the bank loans the money to other clients ($581 in total loans are possible), and other clients deposit the funds in the same bank or other banks, then the money supply could increase up to $3,416.

what is the minimum amount by which the money supply will increase?

  • If the bank loans the disposable funds, the money supply should increase by $581 at least.

Explanation:

The bank's required reserve ratio = reserves / deposits = $493 / $2,900 = 0.17 or 17%.

the money multiplier = 1 / required reserve ratio = 1 / 0.17 = 5.88

if a client deposits $700, the minimum amount by which the money supply will increase = $700 x (1 - required reserve) = $700 x (1 - 0.17) = $700 x 0.83 = $581

the maximum amount by which the money supply could increase = ($700 x 5.88) - $700 = $4,116 - $700 = $3,416

6 0
2 years ago
The Meyers CPA firm has the following overhead budget for the year: Overhead Indirect materials $ 370,000 Indirect labor 1,705,0
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Answer:

Instructions are listed below

Explanation:

Giving the following information:

Total manufacturing overhead=  $ 2,986,000

The firm estimates total direct labor cost for the year to be $1,866,250.

The firm uses direct labor cost as the cost driver to apply overhead to clients.

1) Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base= 2986000/1866250= $1.6 per direct labor $

2) the firm worked for many clients; data for two of them follow: Gargus account Direct labor $ 3,200

Feller account Direct labor $ 9,200

Allocated MOH= Actual amount of allocation base*Estimated manufacturing overhead rate

Gargus overhead= 3200*1.6= 5120

Feller= 9200*1.6= 14720

3) Total cost Gargus= 3200 + 5120= $8,320

TC Feller= 14720 + 9200= $23,920

4 0
1 year ago
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