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anastassius [24]
2 years ago
8

Thompson Design, a popular furniture manufacturer, provides employee support through various workshops on interior design techni

ques. It also offers three-month courses on various aspects of decorating a home, from suitable paint for a media room to contemporary outdoor furnishings. This adds to employees' existing knowledge and skill sets, helping create customer satisfaction. In this scenario, which of the following approaches to employee development is Thompson Design taking?
Business
1 answer:
Doss [256]2 years ago
7 0

Formal Education. This approach to employee development is super important in today's society. Formal development helps both employer and employee to align organizational strategy with customer needs. Managers who invest in employee knowledge are using a strategy that will assist in organizational success. When the employee has essential and complete information about the field in which he / she operates, consequently, it positively affects the customer's view, service, professional qualification and service personalization.

You might be interested in
Consider a risky portfolio. The end-of-year cash flow derived from the portfolio will be either $70,000 or $200,000 with equal p
xenn [34]

Answer:

A) 964,286

B) 14

C) 750,000

Explanation:

The portfolios expected return = (0.5 x $70,000) + (0.5 x $200,000) = $35,000 + $100,000 = $135,000

If the risk free investment yields 6% per year, and you require a risk premium of 8%, then the total interest rate that the portfolio yields must be 6% + 8% = 14%

you will be willing to pay: $135,000 / 14% = $964,286 for the portfolio

if the risk premium increase by 4%, then the price of the portfolio will decrease to: $135,000 / 18% = $750,000

4 0
2 years ago
Howrley-David, Inc., manufactures two models of motorcycles: the Fatboy and the Screamer. Both models are assembled in the same
Greeley [361]

Answer:

<em>Cost per Unit  Fatboy= $  27800 </em>

<em>Screamer Cost per unit =  $3779.80   </em>

Explanation:

Howrley-David, Inc.

                               

                                        Fatboy             Screamer           Total

Units Assembled               990                 1,980                  2,970

Materials cost per unit      $ 2,600        $ 3,600

Material Costs                   2574000         7128000  

Other costs:

Direct labor                          $1069200       2138400      $ 3,207,600

Indirect materials                                                                 534, 600

Other overhead                                                                  <u>  1,603,800</u>

FoH                                     712800           1425600           2138400

Total Costs                          2752,2000    7484000

<u>No of units                             990                1980</u>

<u>Cost per Unit                       27800              3779.80   </u>

The total costs have been added and then divided with the number of units to get the cost per unit.

Direct Labor Costs  =Total Direct Labor Costs/ Total number of units* required number of units

DLC for Fatboy= $ 3,207,600 /2970 *990= $1069200

DLC for Screamer= $ 3,207,600 /2970 *1980= 2138400

FActory Overheads = Total Factory Costs/ Total Units ( Required Units)

FOH for Fatboy=  534, 600 +1,603,800/2970 * 990= 712800

FOH for Screamer = 534, 600 +1,603,800/2970 * 1980=  1425600

6 0
2 years ago
Serenity accepted a position with Creative Concepts in Houston, Texas. Before her first day, she felt uneasy as she was new to t
ruslelena [56]

Answer:

A. Social needs

Explanation:

Social need is an individual need to have a relationship with others. It involves socialization with one's environment and society. According to Maslow hierarchy of needs, the social need comes after an individual psychological and safety need as been accomplished. Social needs involves making friends, finding love, having lots of intimacy and various series of connections with other individuals. By been able to make new friends and understand her city, the new job seemed to satisfy Serenity need for social relationships and interactions.

6 0
2 years ago
When the price of a bar of chocolate is $1.00, the quantity demanded is 100,000 bars. When the price rises to $1.50, the quantit
Bas_tet [7]

Answer:

a. -1.25

b. -1.25

Explanation:

Price elasticity is used to measure the change in demand as a result of a change in price.

Formula is;

= % change in Quantity/ % change in Price

a. Suppose the price increases from $1.00 to $1.50. The price elasticity of demand is:

% change in Quantity using the midpoint formula;

=\frac{Q2 - Q1}{\frac{Q1 + Q2}{2} } \\\\= \frac{60,000 - 100,000}{\frac{100,000 + 60,000}{2}} \\\\= -0.5

% Change in Price using midpoint formula

=\frac{P2 - P1}{\frac{P1 + P2}{2} } \\\\= \frac{1.5 - 1.00}{\frac{1.00 + 1.50}{2} } \\\\= 0.4

= -0.5/0.4

= -1.25

b. Suppose the price decreases from $1.50 to $1.00. The price elasticity of demand is:

% change in Quantity using the midpoint formula;

=\frac{Q2 - Q1}{\frac{Q1 + Q2}{2} } \\\\= \frac{100,000 - 60,000}{\frac{100,000 + 60,000}{2}} \\\\= 0.5

% Change in Price using midpoint formula

=\frac{P2 - P1}{\frac{P1 + P2}{2} } \\\\= \frac{1.00 - 1.50}{\frac{1.00 + 1.50}{2} } \\\\= -0.4

= 0.5/-0.4

= -1.25

7 0
2 years ago
Hamilton Company uses a periodic inventory system. At the end of the annual accounting period, December 31 of the current year,
Zigmanuir [339]

Answer:

Instructions are listed below.

Explanation:

Giving the following information:

Inventory, December 31= 1,960 units at $ 6

For the current year:

Purchase, March 21= 6,200 units at  $5

Purchase, August 1= 4,020 units at  $3

Inventory, December 31, current year 2,980 units

We need to determine the cost of inventory using the following methods:

LIFO (last-in, first-out)

Inventory= 1,960*6 + 1,020*5= $16,860

FIFO (first-in, first-out)

Inventory= 2,980*3= $8,940

Weighted Average:

Average cost= (6 + 5 + 3)/3= 4.67

Inventory= 2,980*4.67= $13,916.6

4 0
2 years ago
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