Yes, restaurants Industry seems like a great option for aspiring entrepreneurs to pursue. This however depends on the location in questions.
What is this so?The Chain Restaurants industry's market size is predicted to grow 13.5% by 2022.
What is the estimated market size of the Chain Restaurants industry in the United States in 2022?In 2022, the Chain Restaurants business will generate $50.9 billion in sales.
From the above, it is clear that there is room for growth, innovation, competition by differentiation, an as such opportunities.
Hence it is right to conclude that restaurants Industry is a great option for aspiring entrepreneurs to pursue.
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An American worker can produce either 5 cars or 8 tons of grain a year. A Japanese worker can produce either 4 cars or 9 tons of grain a year. To keep things simple, assume that each country has 100 million workers.
Based on the cars or tons of grain that an American worker can produce and the quantity a Japanese worker can produce, the number of workers needed to make one car or 1 ton of grain in the U.S. and Japan is:
Workers Needed to Make
1 car 1 ton of Grain
United States 1/5 1/8
Japan 1/4 1/9
How many workers are required?An American Worker can produce 5 cars or 8 tons of grain a year. To produce 1 car therefore:
5 cars : 1 worker
1 car : x workers
= 1/5 workers per car
This means that the workers needed for 1 ton of grain is:
= 1/8 workers
In Japan, a worker can produce 4 cars or 9 tons of grain a year. Number of workers needed to produce one car:
4 cars : 1 worker
1 car : x workers
= 1 / 4 workers
Number of workers per ton of grain:
= 1 / 9 workers
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Imagine you have been hired as the first HR manager at a small start-up business. You learn that the owner, who interviews all job candidates, believes that structured, skills-focused interview questions are "boring" and "not cool How would you advise this person about the selection process?
Answer:
Explanation:
Answer.
What is a selection process?
A selection process involves screening, selection, hiring of a candidate who could fulfil the job requirements and accomplish the given tasks and duties in the organization.
This selection process may involve different types of interviews like structured, skills-focused, unstructured which are used by different interviewers depending upon the needs of the job and their organizations.
How a selection process can be taken up under the given scenario?
Selection process of every organization differs from another and selection of interview type and whole process of selection also differs from one interviewer to another.
This states selection process and interview type are both subjective in nature and there is no fixed rule which applies over here.
But in order to conduct a selection process an interviewer must follow some important points which includes-
1. Nature of job
The most important thing which comes in a selection process is studying the nature of the job. If the interviewer does not know what is the job all about. how will he conduct the selection process?
Without knowing about the nature of the job and its requirements, interviewer cannot decide the correct interview pattern and methodologies to be followed during the whole process, which means understanding the nature of job is very important.
2. Type of organization
Another important thing to be kept in mind is understanding and analysing the type of organization, interviewer is conducting the selection process.
Example.
A manufacturing company may follow different selection process when compared with a company engaged in providing customer services.
3. Be situational
An interviewer must be situational and respond to the things as they arise. He must have innate abilities to analyse the situations and act accordingly so that a best candidate is selected and organization's motive gets fulfilled.
Example.
Every candidate has his/her own personality and way of thinking and therefore this must be analysed well by the interviewer as he cannot follow same interview approach with everyone and therefore he must understand the behavior of the candidate, see the other job requirements and accordingly ask questions which are valid.
Conclusion
Selection process is a subjective concept which means no organization can apply the same set of procedures and rules in a uniform manner and adopt a standardised method and process of selecting the candidates.
But there are some important considerations which an interviwer must keep in mind during the selection process and hire the best choice for the company.
•Who manages Eskom ?
Answer:
Mr.Andre de Ruyter is the Chief Executive (GCE) of Eskom
Producer surplus is shown graphically as the area
Producer surplus is shown graphically as the area under the demand curve and above the supply curve.
What is producer surplus?
Producer surplus is the difference between the least price a producer is willing to sell his good or service and the price of the good. The higher the price of the good, the higher producer surplus is.
Producer surplus = price of the good - least price the seller is willing to sell his good or service.
For example, the least price a seller is willing to sell a good is $1000. The price of the good is $2000. The producer surplus is $1000 (2000 - 1000).
The demand curve shows the relationship between price and quantity demanded. The supply curve shows the relationship between price and quantity supplied. The producer surplus is the area above the supply curve but the area below the demand curve.
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_____ are tangible items you can touch and use such as computers, furniture, and luggage
Services
Businesses
Companies
Goods
Economists assume people choose something when its expected costs are less than its...
O Required Maintenance
O Anticipated benefits
O Working Life
O Chief competitors
When making economic decisions, economists make assumptions in order to better understand how consumers' and businesses' behavior.
In order to build a model that they can control because economists are unable to isolate certain factors in the real world, they must make assumptions. Its main objective is to describe and examine the prices and volume transacted in a market that is competitive. Equations in the model calculate supply and demand levels in relation to price and other factors (for example, income). Which analysis of economic theory holds up the best? predicting with the help of the scientific way of thinking (developing a theory from basic principles and testing it against events in the real world.) The following is an illustration of a normative economic statement: "The government should offer universal access to basic healthcare." As you One might infer from this that it is value-based, based on one's own perspective, and meets the criteria for what "should" be.
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Which question can help us avoid a decision that would injure our self-esteem?
Multiple Choice
a. Is it legal?
b. Is it balanced?
c. How will it make me feel about myself?
d. How can I avoid taking the blame?
The question that can help us avoid a decision that would injure our self-esteem would be "How can I avoid taking the blame" Option D
This is further explained below.
What is self-esteem?Generally, Confidence in one's own capabilities or worth is an essential component of healthy self-esteem.
Beliefs about oneself and one's emotional states, such as victory, despair, pride, and shame, are all included in what is referred to as self-esteem.
In conclusion, Asking ourselves, "How can I avoid accepting the blame?" is a question that may guide us away from making a choice that would be detrimental to our sense of self-worth. The D Option
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Is technology by itself enough to ensure high quality customer service
Yes, technology without anyone else's say enough to guarantee top-notch customer service since Customer service is the arrangement of service to customers previously, during, and after a buy. Customer service is a progression of exercises intended to improve customer fulfillment.
Technology also can be defined as the department of information that caters to the creation and use of technical means and their courting with society and the surroundings, using engineering, implementation, and natural science. There are 3 kinds of technological innovations which includes the Semi- Radical, Incremental, and Disruptive. This kind of technology normally relies on current expertise about technology.
Data technology is important in our lives because it enables us to cope with regular dynamic things. technology offers diverse tools to reinforce development and exchange records. each of these items is the goal of IT to make duties less difficult and to resolve many issues.
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35. A listing contract that spells out terms and conditions for the seller and broker is what type of agreement?
A listing contract that spells out terms and conditions for the seller and broker is a Written or Expressed agency agreement.
Express agency is an agreement that is signed in writing and is made between the principal and the agent. The contracts give the agent authority granted by the principal through an agency agreement.
An Express agency is a real agency established by a verbal or written agreement between the agent and the principal. The Principal hereby appoints the Agent hereunder to act as the Principal's agent. An express agency, for instance, is a documented listing agreement between a broker and a real estate seller. An agency agreement outlines the conditions of the agency, including what the agent is allowed to do and how much is paid for the agent's services. The agreement also grants the agent the power that the principal specifies, such as the only able to act in her place.
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The amount you pay each time you visit a health care provider or have a prescription filled is called a
The amount that a person pays when they visit health care providers or have their prescription filled is a Copayment.
What is a copayment?A copayment refers to the amount that people pay to their healthcare providers out of their pocket when they go to get services such as having their prescriptions filled.
Copayments are usually fixed amounts that depend on the kind of care you receive from your healthcare provider.
In conclusion, that amount that is paid by a person when they visit a health care provider or go to fill up their prescription is a Copayment.
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Q3. Given the demand and
Supply functions for product z: 800-20PZ and 100+10PZ
A. Determine the price
and
Quantity at which the marke
for Product z is in equilibrium
and show graphically
The equilibrium price that we have here is 23.3 while the equilibrium quantity is 333.3
How to solve for equilibrium price and quantityIn order to get the equilibrium price and the quantity we would have
800-20PZ = 100+10PZ
We would have to collect the like terms
800 - 100 = 10 pz + 20 pz
700 = 30 pz
To get the price of z we have to divide through by 30
700 / 30 = pz
23.3 = Pz
Next we have to find the equilibrium quantity
100 + 10PZ
100 + 10 x 23.3
100 + 233.3
= 333.3
Hence the equilibrium price that we have here is 23.3 while the equilibrium quantity is 333.3.
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Fill in the blanks in the table below:
Year
2005
2010
2015
Nominal Value
275
500
Real Value
250
300
CPI (times 100)
130
125
Answer:
Nominal :25
Real value :40
CIP:20
In what way can a manufacturer of consumer durables seek to gain a better understanding of it's marketing environment?
The better way a manufacturer of consumer durables seek to gain a better understanding of its marketing environment is through the media. The media can document all the problems surrounding stores and manufactures via searching at how they're doing economically.
A customer is a person or a collection who intends to reserve, orders, or makes use of bought items, merchandise, or services typically for personal, social, circle of relatives, family and similar wishes, not at once related to entrepreneurial or commercial enterprise activities.
Purchasers constitute the top trophic levels. In contrast to manufacturers, they cannot make their own food. To get energy, they devour plant life or different animals, while some consume each. Scientists distinguish among numerous sorts of clients. Number one clients make up the second trophic degree.
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Which of the following types of culture has roots that mean temporally or specialized
What are two most important Characteristics of research objectives?
thank you so much for this opportunity
emmit is a military verterean who requires many abscences for medical reasons. his boss at betri famrns has determined that he reduce the number of ick days unless he provides his medical history. which law(s) protect him
Employee sick leave act protect him. Emmit can use this law. So the boss only check his medical record and not do anything else.
What is Illinois employee sick leave Act?
A State statute known as the Employee Sick Leave Act (Public Act 99-0841) (the "Act") requires companies to permit employees to use at least a portion of the sick leave time that is already theirs, under specific existing workplace practices, to care for specific relatives.
What are the reasons for sick leave?
The time off that an employee may take for personal or family illness is known as sick leave (as specified under law). When an employee is unable to work due to illness, they are paid throughout their sick leave.
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What risks do organizations face when dealing with international finance activities?
The risks organizations face when dealing with international finance activities political risk, Market risk, and foreign exchange risk.
What is Risk?Risk refers to an event of uncertainty that can occur and damage the likelihood of the business. This is refer to any exposure to harm or danger which affects the operations.
When organizations deal with international finances they faced risks related to political changes which include a change in the policy of the government.
It includes foreign exchange risk, which can cause a decrease and increase in the profit of any organization due to fluctuations in the currency of any country.
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The two factors to consider when assigning a priority level to a to-do item are:
A) ease and effort
B) time and effort
C) time and cost
D) importance and urgency
Answer: D
Explanation: The most important and urgent things need to be done first and then the rest can be done later
In which country and economic system are ALL the decisions about
production, consumption, business creation, exchange rates, and the
overall economy made by the government?
A socialism is an economic system in which all the decisions about production, consumption, business creation, exchange rates, and the overall economy are made by the government. An example of the country with socialism as the economic system includes North Korea, Soviet Union.
What is a socialism?
It refers to the political and economic theory of social organization which advocates that the means of production, distribution, and exchange should be owned or regulated by the community as a whole.
This system calls for a public ownership rather than a private ownership or control of property and natural resources.
Therefore, the socialism is an economic system in which all the decisions about production, consumption, business creation, exchange rates, and the overall economy are made by the government.
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Which of the following is not a key aspect of training and development, rather it is a focus of OD?
Question 10 options:
learning is the sole objective, such as a new skill, system, or procedure
systemic organizational change efforts
programs developed for large audiences
needs assessment, course development, technology usage, and on-the-job training
Systemic organizational change efforts are not a key aspect of training and development, rather it is a focus of OD. Thus, option B is correct.
What is training?Training can be defined as the part where the physical, as well as theoretical descriptions of things, are being given to the people.
The systematic organizational tool does not provide training and development. As in the change, the person is more acquainted with the goals and the power of the people.
It entails developing and implementing company policies, institutions, processes, and technology to address change in the company's setting and other use in the wider world. Therefore, option B is the correct option.
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A craft shop buys stuffed animals with a list price of $7,000. If the wholesaler offers trade discounts of 35/35/35, find the net price factor.
• 0.04288
• 0.21600
• 0.27463
• 0.34300
Based on the wholesale trade discounts offered by the seller to the craft shop that buys stuffed animals, the net price factor is 0.27463
What is the net price factor?First, find the difference between 100% and the trade discounts:
= 100% - 35%
= 65%
The difference is 65/65/65.
To find the net price factor, multiply these differences:
= 0.65 x 0.65 x 0.65
= 0.274625
= 0.27463
In conclusion, the net price factor based on the trade discounts offered of 35/5/35 and a list price of $7,000 is 0.27463.
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Which of the following is NOT a position in the Administrative Support pathway?
Receptionist
Teacher
Administrative Assistant
Medical Transcriptionist
The teacher is the position that is not found in the Administrative Support pathway.
What is the Administrative Support pathway?This is the term that is used to refer to all of the occupations that can help to facilitate the different operations that would be done in an organization that would have to do with a variety of duties that may involve the communication and the information centers, the duties of processing data and its collection and all that has to do with the tracking of projects.
Hence we would say that The teacher is the position that is not found in the Administrative Support pathway.
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Which of the following would be considered a "desired competency" for a candidate for a graphic design position?
A. Experience with graphic design in a corporate setting
B. Skills in drawing and design
C. Knowledge of graphic design software
D. Coursework and experience in brand development
The statement that would be considered a "desired competency" for a candidate for a graphic design position is: B. Skills in drawing and design.
Desired competency can be defined as those skills and qualities that a person posses that will enables them to succeed in their choose field or career.
A person with a desirable competency must be efficient and must have the necessary skills that an employer or recruiter expected them to posses.
Therefore the statement that would be considered a "desired competency" for a candidate for a graphic design position is: B. Skills in drawing and design.
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Explain opportunity cost using the following examples. Make up whatever details
seem appropriate.
a. Ned buys new guitar that cost $800.
b. Cersei is living on a fixed income and chooses to buy less food one week in order
to pay for her prescription medications.
c. Daenerys wants to sign up for the MW 9:35am ACC 203 Cost Accounting section
at LCCC but unfortunately it is scheduled at the same time that Professor Plaksa’s
Macroeconomics course is being offered. Daenerys enrolls in Cost Accounting.
The opportunity costs are:
a. The sneakers that Ned could have bought with the $800.
b. The food that Cersei does not buy.
c. Professor Plaksa’s Macroeconomics course
What is opportunity cost?Opportunity cost of the next best option forgone when one alternative is chosen over other alternatives. Opportunity cost is also known as implicit cost. Opportunity cost arises because humans wants are without limits and the resources (e.g. time, money) needed to meet the needs are available in limited quantities.
When Deanery chooses the cost accounting class, she would not be able to attend the macroeconomics class also. Thus, Deanery is forgoing the macroeconomics class. This is her opportunity cost.
Cersei is sacrificing more food for prescription medication. The food he could have consumed represents the opportunity cost.
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How is net pay different from gross pay
Answer: It's different because one is the amount of money before you get some taken out.
Explanation: Net pay is the money after some is taken out, I think ( I don't really remember to be honest sorry lol)
What business-environment factors needs to be monitored and
assessed in order to deal with corporate tax rates?
The business-environment factors that needs to be monitored and assessed in order to deal with corporate tax rates are:
corporate culture and valuesleadershipproduct qualityfinancial policies.What is an environmental forces?These are forces that shapes a companies. It to those factors from outside the organization that influences entrepreneurs to adjust their business organization accordingly not to affect achieving the firm's goal. These factors are limited to societal, technological, environmental (natural atmosphere), economic and political forces.
In conclusion, the factors that needs to be monitored and assessed in order to deal with corporate tax rates are corporate culture and values, leadership, product quality, financial policies etc.
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Please discuss why an organization might choose one MNE business strategy over another. Does the strategy ever change? Explain.
Not all multinational corporations employ the same business strategy due to the range of sorts of multinational companies, which vary in industry, size, and other factors such as location, products offered, etc.
How to explain MNE?Business professionals frequently need to find strategies to adapt to the cultures and civilizations in which they operate and conduct business in order to achieve sustained global business development.
The advantage of multinational enterprises (MNEs) as an institutional form for regulating cross-border transactions, the chance to integrate knowledge from various geographic sources, and the necessity of striking a balance between efficiency, flexibility, and learning priorities are all discussed in the MNEs' strategy.
Therefore, it should be noted that multinational corporations employ the same business strategy due to the range of sorts of multinational companies, which vary in industry, size, and other factors such as location, products offered, etc.
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Dust Jackets is a used bookstore. For decades they have bought and sold books only through their brick and mortar shop, but declining sales and the rise of online culture have convinced the owner to create a website and begin doing business online as well. As a member of Dust Jackets’ HR team, you will be hiring new resources for a number of different positions to help the store make the transition to online business. The new e-store will need coders to create the online shop, customer service representatives to take calls, warehouse staff to handle shipping and storage, and additional professionals to evaluate and price books.
You will prepare to create your recruitment plan by reviewing these open positions, and evaluating the availability of talent to fill them.
The recruitment plan to evaluate the availability of talent to fill them.for the following open positions: coders, customer service representative, and warehouse staff are:
Past job related experienceNumber of years of experienceJob qualificationThe three job characteristics the HR professional for Dust jackets need to identify about the open position in order to fill them are:
Organization skillsBook keeping and recordingPolitenessThe positions which can be filled internally is "warehouse staff to handle shipping and storage".
The position for which the HR professional might consider hiring contract workers is "customer service representatives to take calls".
The steps that should be taken to stay in compliance with equal employment opportunity commission(EEOC) when recruiting is to give equal opportunity to employees
The four areas the HR professional should make sure not to discriminate against are:
AgeGenderPhysical disabilityEthnicityWhat the HR professional should be sure to make available if you hire someone with disability is "elevators and health care" to enhance their working condition.
Who is an HR professional?An human resource professional (HR) is an individual responsible for welfare and working condition of employees in an organization which includes: hiring, firing, payment etc
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Answer:
Hope this helps!
At the market close on May 12 of a recent year, Sherman Corporation had a closing stock price of $110. In addition, Sherman Corporation had a dividend
per share of $5.39 during the previous year.
Sherman Corporation's dividend yield is 4.9%.
What is the dividend yield?The dividend yield is the financial ratio that explains the percentage of a company's share price paid out in dividends annually.
Investors calculate the dividend yield to evaluate the potential investment company's ability to meet their financial needs, depending on their return expectations.
Some investors favor dividend-paying investments to maintain their financial strength. Some other investors value investment growth more than dividend payments.
The formula for Dividend yield is Dividend per share divided by the current share price per unit, multiplied by 100.
Data and Calculations:Stock price = $110
Dividend per share = $5.39
Dividend yield = 4.9% ($5.39/$110 x 100)
Thus, Sherman Corporation's dividend yield is 4.9%.
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Question Completion:Determine Sherman Corporation's dividend yield. (round to one decimal place)
Which of the following transactions would be reported on the statement of changes in stockholders equity?
Multiple Choice
Borrowed $5,000 cash from the bank
Paid a $100 cash dividend to the owners.
Purchased land for $2,000 cast
Paid $1,500 cash to pay off a portion of its note payable.
Paid investors a $100 cash dividend. The right answer is option B. Cash dividends declared will be subtracted from retained earnings and reduce total stockholder equity.
Equity held by shareholders refers to the sum that a company's founders have contributed to the enterprise. This covers the funds they have personally invested as well as the total amount of profits the business has generated and reinvested since its establishment.The Stockholders Equity Formula: What Is It?
The following formula is used to determine shareholders' equity: Stockholder's Equity is equal to the sum of all of the company's assets less all of its liabilities. Total Assets minus Total Liabilities equals Stockholder's Equity.To Learn more about Stockholders Equity, click the links.
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