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White raven [17]
2 years ago
4

Gerald lewis conducted a nondirective interview for the position of a junior production manager. one of the candidates, ray more

no, struck him as being particularly impressive. during the interview, ray spoke smoothly about the obstacles a production manager faces daily. he spoke of how the designation requires that one must plan ahead to meet timelines and ensure that quality is never compromised. gerald, who had himself joined the company as a junior production manager, was reminded of his own values and ways of work and decided to hire him for the position. this is an example of the _____ bias.
Business
1 answer:
Vladimir [108]2 years ago
4 0

The correct answer is the similarity bias.

There are five common hiring biases that may occur during interviewing. The examples that are displayed here are an example of the similarity bias. People naturally gravitate towards people who are similar. This candidate reminded the interviewer of himself at the same age and experience level, which resulted in him being hired for the position. This is an example of the similarity bias.

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Compare transnet with a perfect competitor in terms of price and output and profit
Sergeu [11.5K]
Transnet SOC Ltd is a rail, port, and pipeline company in Johannesburg. 

Price: This company is a price maker, therefore, in terms of price, Transnet perfect compitetor is a price taker.

Output: Transnet has the ability to decide the quantity of their output and they have many competitors on this one.

<span>Profit: Transnet might be able to increase their profit but in a competition it would be hard because customers might switch to the competitor. </span>
6 0
2 years ago
Sarah is planning a party at a party hall. The meal option is $50 per person and includes the hall for free. The hall-only optio
Tomtit [17]

Answer:

meal option  is cheaper with total cost = $2000 and hall only option is total cost  $2700

Explanation:

given data

The meal option = $50 per person.

Hall free = $ 0 per person

total guest = 40

hall-only option = $1,500

external caterer = $30 per person

solution

when we go for meal option than hall free so total cost will be as

total cost = total guest  × $50 per person

total cost = 40 × $50

total cost = $2000

and

when we go for hall only option than total cost will be

total cost = total guest   × external caterer charge + hall-only option

total cost =  40  × $30 + $1500

total cost =   $2700

so

meal option  is cheaper with total cost = $2000 and hall only option is total cost  $2700

4 0
2 years ago
This case explores some issues related to entering a new foreign market and describes the strategies that one UK firm is using t
gizmo_the_mogwai [7]

Answer:  Megabus being a late mover in the US, has allowed the company to learn from past mistakes by companies such as Greyhound, who filed for bankruptcy in the mid 90's and who lost most of it's business due to poorly maintained terminals, high prices for fares and unsafe conditions. Mega bus's advantages include fares as lows as 1 dollar, free wi-fi, stylish buses and power outlets. They Can offer these low fares since the company eliminated purchase Windows for tickets, selling tickets online only and by eliminating expensive terminal operations by dropping off and picking up riders at sidewalk stops like public bus operators. There are few disadvantages besides the fact that rising gas prices affect travel and low fare prices affect revenue if quantity is not met   .

Advantages - 1. Affordable  2. Pretty scenery 3.You get what you paid for

Disadvantages-1. Uncomfortable 2. It’s Either Freezing or Sweltering  3. Odd People

2. Yes it has own Overwhelming resources and capabilities  3. Train

Explanation:

4 0
2 years ago
A retail dealer in garments is currently selling 24,000 shirts annually. He supplies the following details for the year ended 31
mamaluj [8]

Answer:

a) Calculate Break-even Point in sales revenue and number of shirts sold.

  • 20,000 shirts
  • $16,000,000

b) What is the margin of safety of the dealer expressed as a percentage .

  • 16.67%

c) Assume that 30, 000 shirts were sold during the year, find out the net profit of the firm.

  • $2,000,000

d) Assuming that in the coming year, an additional staff salary of P1,000, 000 is anticipated, and price of shirt is likely to be increased by 15%, what should be the break-even point in number of shirts and sales?

  • 15,625 shirts
  • $14,375,000

e) If taxation rate is 12.5%, and fixed cost increase to 6 000 000 what is the level of sales that must be achieved to a targeted profit of P8 000 000.

  • 47,322 shirts
  • $43,536,240

Explanation:

selling price per shirt $800 x 24,000 = $19,200,000

variable cost per shirt $600 x 24,000 = $14,400,000

total fixed costs $4,000,000

net income $800,000

contribution margin per unit = $800 - $600 = $200

break even point = $4,000,000 / $200 = 20,000 shirts x $800 = $16,000,000

margin of safety = (current sales - break even point) / current sales = ($19,200,000 - $16,000,000) / $19,200,000 = 16.67%

if 30,000 shirts were sold:

contribution margin 30,000 x $200 = $6,000,000

fixed costs $4,000,000

net income $2,000,000

if sales price increases to $920, contribution margin = $320

fixed costs increase to $5,000,000

break even point = $5,000,000 / 320 = 15,625 shirts x $920 = $14,375,000

fixed costs increase to %6,000,000

targeted profit $8,000,000 + tax rate = $9,142,857

sales target = ($6,000,000 + $9,142,857) / $320 = 47,321.43 ≈ 47,322 shirts

3 0
2 years ago
The Tolar Corporation has 400 obsolete desk calculators that are carried in inventory at a total cost of $26,800. If these calcu
solong [7]

Answer:

b. $8,800

Explanation:

<u>Alternative 1</u>

Cost of calculators with upgrade = $26,800 + $10,000 = $36,800

Selling Price of Calculators after upgrade =$30,000

Loss on selling after upgrade = $36,800-$30,000 =$6,800 loss

<u>Alternative 2</u>

Selling price of calculators without upgrade = $11,200  

Loss on selling without upgrade = $26,800 - $11,200 = $15,600

Therefor, it is advisable to upgrade the calculators because Tolar Corporation would incur loss of only $6,800 after the upgrade. If it does not upgrade, it will incur a loss of $15,600.

If Tolar Corporation went for the upgrade, it will have a financial advantage of $8,800 ($15,600-$6,800)

4 0
2 years ago
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