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- What is the Importance of managerial economics as an accountant and as a studentComplete the following table Labor Marginal Product Quantity Produced Fixed Cost Variable Cost Total Cost Marginal Cost Average Total Cost Average Variable Cost (workers) (units) (units) (dollars) (dollars) (dollars) (dollars) (dollars) (dollars) 1 0 $50 $0 2 10 $50 $20 3 25 $50 $40 4 45 $50 $60 5 60 $50 $80 6 70 $50 $100Explain the difference between intrinsic and extrinsic rewards . Discuss how they relate to a job you have held or are holding ,
- Why are many professional women leaving the workplace to start entrepreneurial ventures online?The article has provided an assessment of performance management in an organisation, analyse the statement below: "Employees who have frequent meetings with management to discuss performance, solve problems and receive training are more likely to stay with the company. If employees see that their management team is putting in the work to develop them professionally, help them succeed with their goals, and reward performance on a consistent basis, then they are more incentivized to both stay with the company and work harder." Explain how training and the developing of employees will impact each element of the microenvironment. Provide benefits of training to each of the elements of the micro-environmentWhat is the impact of Adam Smith’s book Wealth of Nations on management?
- What are the disadvantages of division of labor?The role of Human Resource Management has declined over the years as technology has taken over many of the typical HR tasks. True O FalseExplain what you take to be the strongest argument in defense of an employee’s right to participate in managerial decision making. Explain what you take to be the strongest argument against such a right.
- Which of the highest-paid CEOs in US businesses are involved in healthcare or related industries (insurance, pharmaceuticals, etc).Explain how you can make sure that workplace resources are used in an efficient, cost-effective, and safe way. Write your answer in no more than 250 words. Briefly explain the steps you would take to adjust implementation of the operational plan. Write your answer in no more than 150 words.Suppose you run a flower-delivery business andemploy college students to drive the vans and makedeliveries. You are considering hiring an additionalworker. What information would you need toknow to decide whether doing so would increaseor decrease your profit?