ECON 1312 Homework Assignment # 2 Chapter 4 1. Why do we need a units-free measure of the responsiveness of the quantity demanded of a good or service to a change in its price? Answer: To measure or to compare the demand of the two unrelated goods or services. 2. Define the price elasticity of demand and show how it is calculated.
Answer: False Difficulty: Med LO: 2 Page: 414 T F 7. There is no relationship between risk and safety. Answer: False Difficulty: Med LO: 2 Page: 412 T F 8. The potential return of any investment should be directly related to the risk that the investor assumes. Answer: True Difficulty: Med LO: 2 Page: 413 T F 9.
Question 1: Score 0/1 Your response Correct response P16-37 Find Missing Data for Profit Variance Analysis (L. O.4) Find the values of the missing items. Assume that the actual sales volume equals actual production volume. (There are no inventory level changes.) (Input all amounts as positive values. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance).
Work experience – The work experience is the first and most important predictor, which should be used to measure the candidate effectiveness. Due to the fact this predictor is directly linked with all the measures in an effective manner, which would be best suitable for the job. 2. Bio-data - The second predictor, which should be used, is the Bio-data because it reflects the potential of an employee to understand the culture of the organization and also the coordination and communication skill of the candidates. Through this predictor, the company may choose the best candidate for the
Currently, product description is inside of opportunity analysis and the absence of clear demarcation, what HDC wants to sell is not clear. 3. The opportunity analysis does not find any unmet needs. To find unmet needs, HDC should research and analyze its market thoroughly. 4.
The challenges place an ability of performance, increasing skill-levels that produce customer valued work. Employee encouragement takes a creative and “individual approach to challenges, with a strong emphasis placed on performance and skill—and equal, merit-based opportunities across the board” according to "Lg, Life'S Good" (2013, p. 9). This increases the value of the organization and how the organization maintains its longevity with shareholders, within the market, and a society catered to through
The ISO management system standard offers a roadmap aiding all businesses regardless of their size in setting up and operating a management system. By implementing TQM and ISO the organizations can see improvement in: TQM • Customer Satisfaction. • Business Efficiency and Effectiveness. • Long Term Competitiveness. • Defect and cost savings.