Answer:
Almost every other business in this universe now relies upon group thinking rather than individual approach to anything.
It has several advantages, some of them are pointed out below:
o) Equality bias, when there are group discussion, this means that everyone has a part of say in the final decision and that leads to equality bias, which is beneficial.
o) More alternatives are generated, it is a fact that when an individual takes a decision, he/she is neglecting a lot of other options to explore which could be a lot beneficial for the business.
o) More acceptance of the final decision, Since the final decision taken is with the approval and consent of everyone, there is a possibility that the final decision will be more acceptable.
o) Lastly, It creates Synergy, synergy is the idea that a decision as a whole is better than in parts.
Hope this helps you. Good Luck.
<span>Exporting has the least amount of risk. This is because the company is simply selling its wares to other businesses and consumers, without having to worry about licensing the product, getting permissions from other governments, or having to jump through loopholes to get the product in the hands of the intended audience.</span>
Answer:
1, 2, 3 & 4
Explanation:
All of the given options could be used as a basis to allocate the profit among partners. Allocation of salaries is also a basis for profit allocation. Salaries of partner is deducted from the net profit on the basis of predetermined ratio or amounts.
The numbers of years can also be a base for the profit allocation. The partner from the long time could have more share than a new partner but it depends on the agreement of all the partners.
The profit can also be based on the the amount of work work done or time spent by each partner. Some associations and firms use this method to allocate the profit.
The most common method of profit allocation is the capital invested in the business. partners are paid on the basis of what they invested in the business.
Answer:
'Safety Needs' from 'Basic Needs'
Explanation:
Maslow's hierarchy of needs is a psychological theory, stating the priority ranking in which individuals seek to fulfil their needs.
- Basic Needs : Physiological needs (food, water, shelter) and Safety needs (security , wealth base)
- Psychological Needs : Love, Belongingness needs (good family, friends bonds) and Self Esteem needs (prestige, self accomplishment)
- Self Fulfilment Needs : Self Realisation needs (enhancing growth potential, creative activities)
Elias works as a fire fighter. Although she prioritises protection from safety equipment ; she still bought a 'disability insurance' with income protection. This act highlights towards Elias fulfilling / prioritising her : Safety Needs (Security of body, health, employment, resources, family welfare, property); broadly from 'Basic Needs'.
