Answer:
1. using plans as a standard for measuring performance.
Explanation:
Strategic planning is an important process that enables a business or an organization to have a sense of direction, goal orientation, and also enables them to evaluate and measure progress.
It is important when carrying out the strategic planning process to first focus on clarifying and developing the vision, mission and objectives of the business before moving on to strategy formulation, this helps to give a sense of direction.
In the process of strategic planning, involving key employees cannot be overemphasized. Giving key employees the chance to be involved in the planning process will enable them to connect to the business and set them up for success.
Apart from the fact that strategic planning provides a sense of direction, it also enables a business to outline goals that can be measured, hence providing a standard for measuring performance.
Answer:
Modified rebuy.
Explanation:
The buyer in a modified rebuy wants to change product specifications, price, delivery requirements, or other terms. The out suppliers see this as an opportunity to propose a better offer to gain some business.
Characteristics:
-buyers feel they can make significant advances if they review their buying situation on a regular basis.
-often, changes in styles, materials or even alternative solutions facilitate this review.
-Another reason for modified rebuy is dissatisfaction with present suppliers.
-new supplier was able to find the present supplier´s weaknesses and offered buyers new alternatives to fix their problems.
Answer:
b. The slope of the budget constraint is the same for each woman.
Explanation:
Budget Line is the combination of two goods that a consumer can buy, given prices & money income (all spent).
Equation : p1x1 + p2x2 = m ;
where p1 & p2 are price of good 1 & 2 , x1 & x2 are quantities of good 1 & good 2 , m = money income
- Abby's Budget Line : 5I + 8N = 80
- Bobbi's Budget Line : 5I + 8N = 60
- Deborah's Budget Line : 5I + 8N = 40 [ I = Icecream, N = Novel ]
Slope of Budget Line represents change (sacrifise) of a good needed to get change (gain) of other good, given same prices & income.
Slope = ΔY/ΔX = Px / Py
Since prices are same for each woman, price ratios & hence the slope of budget line will also be same for all of them.
Answer:
Explanation:
The consumer credit protection act was inacted to protect employee from discharge by the employer in case there wage has been garnished in any one debt. However the provision has provided for some limit till which the garnishment can be done. The provision applies to all who receive earning for their personal services. The provision says the credit would be lesser of 25% of disposable income or by the amount which is greater than 30 times of minimum hourly wages (i.e $7.25).
Here in this case Geraldine Wolfe was paid biweekly and 80% was his disposable income. So the calculation would be as follow with 52 weeks in a year.
Disposable income = ($45000/52)*2*80%=$1385 (round off to nearest dollar)
25% of disposable income= $346.25 ($1385*25%)
With minimum wage of $7.25= $7.25*60 (biweekly)=$435
so the amount which is greater than the minimum hourly wage is =$1385-$435=$950
Conclusion:- So the maximum wage garnishment can be lesser of $ 346.25 or $950. Hence it will be $346.25 which is the maximum garnishment allowed for Geraldine's consumer credit garnishment.
