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gizmo_the_mogwai [7]
2 years ago
8

Leslie works as customer service representative for Lighthouse Point Lanterns. Her job is to fulfill customer orders and answer

any questions that the customer may have. In order to ensure the best service possible, Lighthouse Point Lanterns makes test phone calls to their customer service representatives and rates their ability to correctly answer customer calls. If Leslie properly handles 80% of the test calls, she will receive a 20% bonus in her next pay check. This is an example of:_________.
Business
1 answer:
GenaCL600 [577]2 years ago
4 0

Answer:

a performance reward.

Explanation:

A performance reward is a type of employee reward system. Companies generally reward employees in an attempt to motivate them to work more, harder or more efficiently. E.g. a company may reward salespeople that close 100 sales per week, regardless of the type of sales made. This type of reward is based on the gross amount of work carried out by the employee.

In Leslie's case, she is being rewarded for being an efficient employee. The parameter for measuring her efficiency is that 80% of the test calls that she makes are handed properly. She is not rewarded on the number of test calls, but instead on how she handled them.

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John is an electrician who runs his own small shop. When tax season comes, he hires an accountant from one of "the Big Four" acc
Alex Ar [27]

Answer:

When tax season comes, he hires an accountant from one of "the Big Four" accounting firms to help him file his business's tax return. In this scenario, John has most likely hired a <u>Tax</u> Accountant

Explanation:

A Tax Accountant helps the individual or businesses that hire them fill out their tax forms properly, advise them about future financial moves that can affect their taxes and file taxes with the appropriate documentation electronically so that your clients receive their refunds as quickly as possible.

They can work as a direct employee or as an independent contractor who runs their own business.

They take charge of tax preparation and help your clients to lower their tax obligations when filing tax returns.

If an individual is audited, they handle this audit for them to ensure that the individual gets through the process unharmed.

8 0
2 years ago
Read 2 more answers
A company with more production power than is generally utilized for its current production activity can benefit from entering th
Liula [17]

Answer:

a. The company can utilize production facilities to produce greater volumes to meet demand from a larger market, leading to higher productivity, lower cost and greater profitability.

Explanation:

Options are <em>"a. the company can utilize its production facilities to produce greater volumes to meet demand from a larger market, leading to higher productivity, tower cost and greater profitability. b. it will lead to a lower sales volume, which enables the company to free up more production power and require fewer employees. c. it will lead to a lower sales volume, which will reduce production costs and lead to greater production power. d. It will lead to a lower sales volume which means using less production power, enabling employees to have more time to participate in a learning environment."</em>

<em />

The question here is how the company will benefit by entering global market. And to enter global market, the company must produce larger volumes. So, the options B, C,& D are not correct. Because the company is looking to produce more and utilize its production capacity to the full to increase the profits by decreasing the costs (economies of scale). Thus, option A is correct.

6 0
2 years ago
An appliance dealer must decide how many (if any) new microwave ovens to order for next month. The ovens cost $220 and sell for
Vlada [557]

Answer:

Explanation:

Order 0: we have unsold items for which the return is -25

return is -25*(.4*1+.2*2+.1*3) = -25*1.1 = $-27.50

Order 1: we have to sell at a discount if no orders, otherwise sell 1, and unsold items if demand 2 or 3

return is .3*(1/2*300-220) + (1-.3)*(300-220) + -.25*(.2*1+.1*2) = .3*-70+.7*80+-25*(.4) =

-21 + 56 - 10 = $25

Order 2: we have to sell at a discount if 0 or 1 orders, sell 1 or 2, and unsold items if demand 3

return is (.3*2+.4*1)*(1/2*300-220)+(.4*1+(.2+.1)*2)*(300-220)+-25*.1 =1*-70+1*80-25*.1 =

-70 + 80 - 2.5 = $7.50

Order 3:

return is (.3*3+.4*2+.2*1)*(1/2*300-220)+(.4*1+.2*2+.1*3)*(300-220) = 1.9*-70 + 1.1*80 =

-133 + 88 = -$45

Order 1, with a return of $25, as this is the highest return.

b) If we had a perfect information, we would never pay a penalty for underordering or suffer a discounted return from over-ordering

(.4*1+.2*2+.1*3)*(300-220) = 1.1*80 = $88

Then, the value of perfect information is $88 - $25 = $63

c) P(D=0|F) = P(F|D=0)*P(D=0)/(P(F|D=0)*P(D=0)+P(F|D=1)*P(D=1)+P(F|D=2)*P(D=2)+P(F|D=3)*P(D=3))=

.1*.3/(.1*.3+.2*.4+.3*.2+.9*.1)=.03/.26 = 3/26

P(D=1|F) = P(F|D=1)*P(D=1)/(P(F|D=0)*P(D=0)+P(F|D=1)*P(D=1)+P(F|D=2)*P(D=2)+P(F|D=3)*P(D=3))=

.2.4/(.1*.3+.2*.4+.3*.2+.9*.1)=.08/.26 = 4/13

P(D=2|F) = P(F|D=2)*P(D=2)/(P(F|D=0)*P(D=0)+P(F|D=1)*P(D=1)+P(F|D=2)*P(D=2)+P(F|D=3)*P(D=3))=

.3*.2/(.1*.3+.2*.4+.3*.2+.9*.1)=.06/.26 = 3/13

P(D=3|F) = P(F|D=3)*P(D=3)/(P(F|D=0)*P(D=0)+P(F|D=1)*P(D=1)+P(F|D=2)*P(D=2)+P(F|D=3)*P(D=3))=

.9*.1/(.1*.3+.2*.4+.3*.2+.9*.1)=.09/.26 = 9/26

P(D=0|U) = P(U|D=0)*P(0)/(P(U|D=0)*P(D=0)+P(U|D=1)*P(D=1)+P(U|D=2)*P(D=2)+P(U|D=3)*P(D=3))=

.8*.3/(.8*.3+.3*.4+.1*.2+.1*.1)=.24/.39 = 8/13

P(D=1|U) = P(U|D=1)*P(1)/(P(U|D=0)*P(D=0)+P(U|D=1)*P(D=1)+P(U|D=2)*P(D=2)+P(U|D=3)*P(D=3))=

.3*.4/(.8*.3+.3*.4+.1*.2+.1*.1)=.12/.39 = 4/13

P(D=2|U) = P(U|D=`)*P(`)/(P(U|D=0)*P(D=0)+P(U|D=1)*P(D=1)+P(U|D=2)*P(D=2)+P(U|D=3)*P(D=3))=

.1*.2/(.8*.3+.3*.4+.1*.2+.1*.1)=.02/.39 = 2/39

P(D=3|U) = P(U|D=3)*P(3)/(P(U|D=0)*P(D=0)+P(U|D=1)*P(D=1)+P(U|D=2)*P(D=2)+P(U|D=3)*P(D=3))=

.1*.1/(.8*.3+.3*.4+.1*.2+.1*.1)=.01/.39 = 1/39

P(N|D=0 = 1-.1-.8 = .1

P(N|D=1) = 1 - .2 - .3 = .5

P(N|D=2) = 1 - .3 - .1 = .6

P(N|D=3) = 1 - .9 - .1 = 0

P(D=0|N) = P(N|D=0)*P(D=0)/(P(N|D=0)*P(D=0)+P(N|D=1)*P(D=1)+P(N|D=2)*P(D=2)+P(N|D=3)*P(D=3))=.1*.3/(.1*.3+.5*.4+.6*.2+.0*.1)= .03/.35 = 3/35

P(D=1|N) = P(N|D=1)*P(D=0)/(P(N|D=0)*P(D=0)+P(N|D=1)*P(D=1)+P(N|D=2)*P(D=2)+P(N|D=3)*P(D=3))= .5*.4/(.1*.3+.5*.4+.6*.2+.0*.1)= .20/.35 = 4/7

P(D=2|N) = P(N|D=2)*P(D=2)/(P(N|D=0)*P(D=0)+P(N|D=1)*P(D=1)+P(N|D=2)*P(D=2)+P(N|D=3)*P(D=3))= .6*.2/(.1*.3+.5*.4+.6*.2+.0*.1)= .12/.35 = 12/35

P(D=3|N) = 0

If the result of the survey is an F, we have

P(D=0|F) = 3/26

P(D=1|F) = 4/13

P(D=2|F) = 3/13

P(D=3|F) = 9/26

If the order is 0, the return is -25*(1*4/13+2*3/13+3*9/26) = -25*47/26 = -1175/26 = -$45.19

If the order is 1, the return is 3/26*-70+(1-3/26)*80+-25*(1*3/13+2*9/26) = 515/13 = $39.62

If the order is 2, the return is (3/26*2+4/13)*-70+(1*4/13+2*(3/13+9/26))*80 + -25*9/26 =

1835/26 = $70.58

If the order is 3, the return is (3/26*3+4/13*2+3/13)*-70+(1*4/13+2*3/13+3*9/26)*80 =

795/13 = $61.15

We should order 2.

P(D=0|U) = 8/13

P(D=1|U) = 4/13

P(D=2|U) = 2/39

P(D=3|U) = 1/39

If we order 0, the return is (4/13*1+2/39*2+1/39*3)*-25 = -475/39 = -$12.18

If the order is 1, the return is 8/13*-70+(1-8/13)*80+-25*(1*2/39+2*1/39) =-580/39= -14.87

If the order is 2, the return is (8/13*2+4/13)*-70+(1*4/13+2*(2/39+1/39))*80 + -25*1/39 =

-2785/39= -$71.41

If the order is 3, the return is (8/13*3+4/13*2+2/39*1)*-70+(1*4/13+2*2/39+3*1/39)*80 =

-1780/13 = -$136.92

Order 0

P(D=0|N) = 3/35

P(D=1|N) = 4/7

P(D=2|N) = 12/35

P(D=3|N) = 0

If we order 0, the return is (4/7*1+12/35*2)*-25 = -220/7 = -$31.43

If the order is 1, the return is 3/35*-70+(1-3/35)*80+-25*(1*12/35) = 410/7 = $58.57

If the order is 2, the return is (3/35*2+4/7)*-70+(1*4/7+2*12/35)*80 = 340/7 = $48.57

We don't order 3, as the probability of 3 is 0

we order 1

We order 2 if there is an F, 0 if there is an N, and 1 if there is a U.

d) P(F) = .26

P(N) = .39

P(U) = .35

Then, the expected return is .26*1835/26 +-475/39*.39 + 410/7*.35 = $34.10

Since we make $25 if we just take 1, we should pay up to $34.10-$25 = $9.10 for the survey.

5 0
2 years ago
A dozen eggs cost $0.88 in january 1980 and $2.11 in january 2015.
Lera25 [3.4K]
Initial price = $0.88 (Jan. 1980)
Final price = $2.11 (Jan. 2015)

Change in price = $2.11 - $0.88 = $1.23
Percentage rise in price = 100(1.23/0.88) = 139.8% ≈ 140%
The average yearly rise in price = 139.8/(2015-1980) ≈ 4%

Answer:
Total percent rise in price = 140%
Average yearly rise in price = 4%
6 0
2 years ago
Toni makes apple pies for the local bakery. When Toni works with an assistant, she produces 60% more apple pies and works 20% fe
lions [1.4K]

Answer:

200 % is the answer.

Explanation:

Toni makes x be apple pies .

and Jane works for y hours.

therefore, he makes x apple pies in y hours

which implies he makes \frac{x}{y} apple pies per hour  

Now with help of an assistant:  

Toni  makes 60% more  apple pies  i.e. x + 0.6x = 1.6x  apple pies

works 20% less i.e. y - 0.2y = 0.8y hours

therefore, now together they make 1.6x/0.8y apple pies per hour \frac{\frac{1.6x}{0.8y} }{\frac{x}{y} } X 100

simplifying we get

200

Hence % increase in output PER HOUR is 200.

6 0
2 years ago
Read 2 more answers
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