Power in negotiation means having the capability to control or affect another person's conduct or the outcome of an event (Lewicki, 2020). It also involves having control, authority, or influence over others (Iannarino, 2018). When it comes to negotiations, there needs to be a balance in both distributive and integrative power plays (Lewicki, 2020). Distributive power usually focuses on what the person can do to gain an advantage over the other and how control can be expressed (Lewicki, 2020). Integrative power is more about sharing influence and being able to pull together everyone’s power to get the desired result (Lewicki, 2020). Also, power in the world of negotiations is not always acquired in the same way. Our textbook touches on this on page 260 when they talk about how a person may not have power in every situation or negotiation because the environment around them can have an impact on their level of power (Lewicki, 2020).
In order to achieve power, those around the person must embrace and believe in the power that the individual thinks they have (Iannarino, 2018). The textbook does give a list of the "five major types" of ways that power can be achieved. The first is called "expert power" (Lewicki, 2020). This means that the person has power because they know the most about the topic at hand and could also have the most experience in the topic as well. Next, there is "reward power" (Lewicki, 2020). This comes about when the person is able to "reward others for doing what needs to be done" (Lewicki, 2020). That one sounds a lot like bribery in my opinion. Third, there is "coercive power" (Lewicki, 2020). This kind of power is achieved by being able to force people to think and act as the person wishes for them to. Fourth is "legitimate power" (Lewicki, 2020). This kind of power comes with having a leading title or a high position in the company (Lewicki, 2020). The final way to achieve power is called "referent power" (Lewicki, 2020). This kind of power is able to be used when one person looks up to the other and wants to follow closely in the other’s footsteps and ideas.
How do I preserve the power that I have?
One way to preserve the power that is achieved to make sure that you are staying focused and never allowing other people to see your weaknesses (Iannarino, 2018). It is also important for you to be aware of what you can and cannot do in the negotiation setting and how hard you can push back (Iannarino, 2018). Having a plan before going into the negotiation and being prepared to match the so-called bark with the bite is going to be key in maintaining power as well. You also will want to never try to victimize yourself and make the other team or person feel as though they have impacted your level of power or they have gained power over you (Iannarino, 2018). Making sure to connect with people and actively engage is important too (Iannarino, 2018). Power cannot be maintained if a background seat is taken for too long. One must also be prepared to be open and direct about what the boundaries are and what they will not tolerate (Iannarino, 2018). Putting in a great deal of effort, studying yourself and those on the other side, and being prepared is going to lead to the ability to maintain power.
How do I influence someone with power and make sure that my message gets through?
The textbook identifies 8 tactics that can be used in order to make sure that if the person across the table has more power than you, you can ensure your ability to make a difference. I am only going to touch on a couple of them. The first is going to be to make sure that you are not putting all you have into just one basket (Lewicki, 2020). This means making sure that you spread your expertise and do not let the other side have a majority of control. Next, you can lower the power they have by taking the team in sections and trying to "divide and conquer" (Lewicki, 2020). Another important way to make sure that you are being heard is to stay involved and ask a lot of questions (Lewicki, 2020). This will keep the other team on their toes and keep you connected to what they are thinking as well (Lewicki, 2020). Finally, having self-control and making sure to manage the negotiation appropriately is going to be key too (Lewicki, 2020).
Answers
1. A strong presence: Stay focused and composed, avoiding the display of weaknesses that may undermine your power. Project confidence and assertiveness in your interactions.
2. Be prepared and knowledgeable: Thoroughly prepare for negotiations by understanding your own capabilities, the subject matter, and the interest of the other party. This knowledge equips you to make informed decisions and effectively respond to challenges or counterarguments.
3. Establish boundaries and stand firm: Clearly define your limits and non-negotiables. Communicate these boundaries assertively and do not compromise them easily. This demonstrates your resolve and helps maintain your power position.
4. Engage actively and build relationships: Actively participate in the negotiation process, asking questions, seeking clarification, and demonstrating your understanding of the other party's perspective. Building rapport and establishing relationships can influence the other party's perception of your power and increase the likelihood of your message being heard.
5. Leverage your strengths: Identify and leverage your sources of power, such as expertise, experience, or relationships. Highlight your unique value proposition and demonstrate how it aligns with the interests of the other party, reinforcing your position of influence.
When it comes to influencing someone with power and ensuring your message gets through, consider the following tactics:
1. Diversify your support base: Seek support from other stakeholders or individuals who may have influence over the person with power. By building alliances or coalitions, you can enhance your own influence and reduce the power imbalance.
2. Divide and conquer: Analyze the power dynamics within the other party's team and identify potential divisions or disagreements. Strategically address individual concerns or interests to weaken the collective power and create opportunities for agreement.
3. Ask probing questions: Engage in active listening and ask thoughtful, probing questions that challenge assumptions or highlight alternative perspectives. This approach encourages the person with power to reconsider their positions and opens the door for dialogue and negotiation.
4. Stay composed and manage emotions: Maintain self-control and avoid reacting emotionally to power dynamics or potential provocations. Emotional intelligence and composure can strengthen your credibility and ensure that your message is delivered effectively.
Remember that negotiation is a dynamic process, and the specific tactics used should be tailored to the situation and the individuals involved. Adapting your approach based on the context and dynamics of the negotiation can increase your chances of influencing someone with power and achieving your desired outcome.
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Related Questions
Will give brainlest
1. Define scarcity in terms of wants.
2. What are the three questions of economics?
3. Land, labor, capital, and entrepreneurship are called what economic term?
4. What is another word/term for an entrepreneur?
5. What is the reason most individuals want to open a new business?
6. Jim spends two and a half hours and $40 at the movies the night before an exam. What is the opportunity cost of this decision?
7. In a command economy, who decides what goods and services will be produced?
8. In capitalist economies how are prices set?
9. What is happening in the graph? (Supply or demand, increase or decrease, and is it quantity or not?)
10. What happens to the price and to quantity at this new equilibrium?
11. The law of supply says that as price rises, what will happen?
12. What will a high price do to consumers buying, and what will it do for producers?
13. If gas production drops for the year, how would it affect prices?
14. The law of Demand says when the price rises, the quantity demanded ________, and when prices fall, the quantity demanded of a good will __________.
15. If items are economic compliments, and demand for one increases, what will happen to the other item, typically?
16. Due to technological advances, individuals are able to buy and download music from the Internet as opposed to simply buying music from a store.
How would this technology affect the compact disc market? (Supply or demand? Increase
or decrease?)
17. What are the determinants of supply?
18. What do consumers do in the market to impact or influence what is produced?
Answers
Answer:
1. Scarcity is the inability to satisfy ones wants using the means available to them
2. Many have defined Economics as a social science that examines the relationship between
ProductionDistribution and Consumption of products and services.So the three questions are:
What will be produced?
Who will consume the products?
How will it get to the consumer?
3. Land, Labor, capital, and entrepreneurship in economic parlance collectively called the factors of production. Many schools of thought have also added Information to that list.
4. Another word for an entrepreneur is a business owner
5. Most businesses are set up to make a profit. Others to meet an intrinsic goal. However, because every business must operate sustainably, even not-for-profits must at least breakeven to remain in existence
6. The opportunity cost of a thing is the benefit forgone in order to have or possess that thing. The opportunity cost to Jim is the risk of failing the exam giving that he should be prepping of getting ready for the same.
7. In a command economy, the government is in control of all the factors of production and so decides what goods and services will be produced.
8. In capitalist economies, prices are determined by the forces of demand and supply
9-10. the graph was not supplied. Hence the answer could not be provided.
11. The law of supply says that as price rises, (all things being equal), supply will follow in the same direction. This is because rising prices is favorable to the manufacturer of the product as they stand to make more profit.
12. High prices will force demand by consumers down. Consumers also want to maximize value. That is, they want to get the best at the lowest price possible. Hence, for consumers, high prices (all things being equal) will translate to lower quantity purchased.
Producers on the other hand will (all things being equal) attempt to push out more of their products in order to take advantage of the high prices to make more profit.
13. Gas production will most likely translate to increased prices. The demand for gas is inelastic because it is an essential commodity. Hence a drop in the volume available for purchase (all things being equal) will create an upward spiral in prices.
14. The law of Demand says when the price rises, the quantity demanded (all things being equal) goes in the opposite direction, and when prices fall, the quantity demanded of a goodwill (all things being equal will go the opposite direction.
15. Demand for Complimentary or joint goods such as smartphones, data and call credit usually go in the same direction (all things being equal).
16. Advances in technology is leading to a decrease in the supply and demand for compact disk. Because of the availablility of songs and videos online and ease of access to them via the same media, the demand for compact discs which take up a lot of physical space and usually more expensive is take a downward run. This, in turn, is discouraging more production hence the lower the supply of same.
17. The determinants of supply are:
Cost of raw materials/inputs Productivity Technology: Better technology will translate to increased supply The Number of sellers: the more sellers there is, the more supply there is. Taxes and subsidies: Supply and taxes usually go in the opposite direction. Subsidies and supply usually go in the same direction. Government regulations: This can stop the supply for a goods or service completely or enhance it greately Price Expectations: When supplier expectations about prices are positive, supply goes up. Positive expectation is that the prices will go up.18. Consumers in order to impact or influence what is produced can choose between substitutes. These choices reflect why they go for a particular service, hence forcing other suppliers to follow the factors which drive demand.
Cheers
Modify Acron’s model so that development lasts for an
extra year. Specifically, assume that development costs
of $7.2 million and $2.1 million are incurred at the
beginnings of years 1 and 2, and then the sales in the
current model occur one year later, that is, from year
2 until year 21. Again, calculate the NPV discounted
back to the beginning of year 1, and perform the same
sensitivity analyses. Comment on the effects of this
change in timing.
Answers
Based on the sensitivity analysis, it is observed that a 1% change in the discount rate would result in a change of $484,298.23 in the NPV. This implies that the profitability of the project is sensitive to changes in the discount rate. Modifying Acron’s model so that development lasts for an extra year would cause a decline in the NPV of the project.
Acron's model refers to a project evaluation model that is used to identify the Net Present Value (NPV) of a project or investment. Modifying Acron’s model so that development lasts for an extra year will require the use of the formula below: PV = CF1/(1 + r)1 + CF2/(1 + r)2 + ... + CFT/(1 + r)T Where: PV = Present value of future cash flows CFt = Cash flow in period tr = Discount rate, reflecting the time value of money T = Number of time periods Modify Acron's model so that development lasts for an extra year: If the development stage lasts for an extra year, then the costs of $7.2 million and $2.1 million will be incurred at the beginnings of years 1, 2, and 3.
The sales of the product will occur from year 3 to year 22. In this situation, the cash flows would be: Year 0 cash flow = -$7.2 million Year 1 cash flow = -$2.1 million Year 2 cash flow = $0 Year 3 - 21 cash flows = $4.3 million/year Year 22 cash flow = $10 million Based on the formula above, the NPV of the project can be calculated as follows: NPV = -$7.2 million/(1 + 0.12)1 - $2.1 million/(1 + 0.12)2 + ($4.3 million/0.12)[1 - (1 + 0.12)-19] + $10 million/(1 + 0.12)22NPV = -$6,214,913.11. Based on the sensitivity analysis, it is observed that a 1% change in the discount rate would result in a change of $484,298.23 in the NPV. This implies that the profitability of the project is sensitive to changes in the discount rate.
In conclusion, modifying Acron’s model so that development lasts for an extra year would cause a decline in the NPV of the project. The change in the timing of the project has resulted in a decrease in the present value of the cash flows, which has led to a decrease in the profitability of the project.
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Halifax Shoes has 33% of its sales in cash and the remainder on credit. Of the credit sales, 65% is collected in the month of sale, 25% is collected the month after the sale, and 5% is collected the second month after the sale. How much cash will be collected in August if sales are estimated as $84,037 in June, $73,042 in July, and $86,560 in August? Round to the nearest penny, two decimal places.
Answers
We must take into account both the credit sales collection pattern and the monthly sales made in order to determine the cash collected in August.
Given: June sales equaled $84,037 July sales were $73,042 and August sales were $86,560. The percentage of cash transactions in overall sales is 33%. Therefore, the following formula can be used to determine cash sales each month: Cash sales for June were $27,741.21 ($84,037 * 0.33). Cash sales in July were $24,084.86 (73,042 * 0.33). Cash sales for August were $28,543.20 ($86,560 multiplied by 0.33). We need to use the collecting pattern for credit sales. The percentages of collections are as follows: - Paid during the month of the sale: 65% - 25% was collected one month after the sale. - 5% was collected one month after the sale. How to calculate the money received from credit sales: Amounts received in August based on June sales, $54,625.05 ($84,037 * 0.65). Cash received in August from transactions made in July equals $73,042 * 0.25, or $18,260.50. Cash sales and money received from credit sales combined: Total cash received in August equals the sum of cash received from sales in August, June sales, and July sales. Total funds received in August were $28,543.20, $54,625.05, and $18,260.50 for a total of $101,428.75. As a result, the amount of money collected in August is $101,428.75.
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What is the difference between the pre-reservation and installment
Answers
Answer:
is that reservation is the act of reserving, withholding or keeping back while installment is the act of installing; installation or installment can be a portion of a debt, or sum of money, which is divided into portions that are made payable at different times payment by installment is payment by parts at different
from the perspective of control, the best form of business organization is the
a. Partnership b. S Corporation c. Sole proprietorship d. Corporation
Answers
The corporation is the greatest type of company structure from a control standpoint.
The best way to start a business is without a doubt through a corporation form because it exists as a separate entity. Except for the right to vote and a few minor exceptions, a company's legal rights are typically the same as those of an individual. Corporations are granted the right to exist by the state that supplies them with their charter. S Corporations have a structure that is similar to that of a C Corporation, but they are subject to various tax laws and have distinct owner restrictions. The shareholders of a S Corporation with up to 100 members must report the profits and losses on their individual income tax returns rather than having the S Corporation be taxed separately.
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In general, how long does it take to accomplish a long-term goal?
A.
a few days to a week
B.
a few weeks to a month
C.
a few months to a year
D.
more than a year
Answers
Answer:
D
Explanation:
long term goals require time and planning.They are not something you can do this week or even this year.Long-Term goals usually take 12 months or more to achieve
In providing ____,the government establishes and enforces the laws necessary for a market economy to function
Answers
Answer:
I think that's regulations
You manufacture covers for barbeque grills at a cost of $5 each and make a profit of $2 per cover.
The barbeque grill covers are sold to consumers by a national outdoor furniture retailer for $18,
and you know the selling price includes a markup of $9 each. What is true about this situation?
Answers
You sold the covers through a distributor is true about this situation of manufacture.
Production is the making of goods by way of hand or via a device that upon finishing touch the enterprise sells to a consumer. items used in manufacturing can be uncooked materials or component components of a bigger product. the production typically happens on a huge-scale production line of equipment and professional labor.
A producer is a person or organization that produces completed items from uncooked substances by way of using diverse gear, devices, and processes, after which sells the goods to consumers, wholesalers, distributors, retailers, or different producers for the manufacturing of greater complex goods.
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Alex and J.J. Both apply for two job openings in the same department at a law firm in Chicago. They both interview very well and the firm decides to give them both a job offer. The offers go out, and the firm offers J.J. A starting salary that is $10,000 lower than Alex's starting salary. Consider the possible explanations as to why the salaries may be different. Match the explanations with the scenarios. NOTE: Not all explanations will be matched with a scenario. Alex went to a higher tier law school. J.J. Is reentering the workforce after two years away. Alex will be working with a notoriously difficult boss. Alex is a man and J.J. Is a woman.
Answers
It is given Alex and J.J. both are applying for a job openings in a law firm at Chicago.
Both of them got the job offer but J.J. got lower salary than Alex.
The salaries are different for both J.J and Alex.
"Job Openings"Some of the possible explanations for the difference in salaries that may be related to some scenarios are :
Alex went to higher tier law school -difference in educationJ.J. is reentering the workforce after two years away - difference in experiences.Alex will be working with a notoriously difficult- boss compensating differentials.Alex is a man and J.J. Is a woman -economic discrimination.Learn more about "Job Application":
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when writing a long report, you should expect to do which of the following? group of answer choices keep a calendar and a checklist. work independently. none of these choices focus on an audience of mid-level coworkers.
Answers
When writing a long report, it is important to keep a calendar and a checklist. Therefore, the correct option is to keep a calendar and a checklist.
A long report is a document that requires a lot of time and effort to complete. A long report can be a formal document that contains an introduction, literature review, methodology, findings, and conclusion, among other things. It can also be a technical report or a scientific report. It can also be an essay. The amount of information to be communicated and the style used to do so are influenced by the length of a report.
Writing a report can be a long and challenging process that requires a great deal of preparation and hard work. A well-written report is clear and concise, and it provides the reader with all of the necessary information. As a result, when writing a long report, it is critical to keep a calendar and a checklist. This will assist you in staying on track and completing the report on time.
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production planning is important because producing too much can lead to (excess, insufficient) inventory.
Answers
Production planning is important because it helps to ensure that the right amount of goods are produced to meet customer demand.
If a company produces too much, it can lead to excess inventory which ties up valuable resources and can result in financial losses. On the other hand, producing too little can lead to insufficient inventory which can result in missed sales opportunities and customer dissatisfaction.
Effective production planning helps to strike the right balance between these two extremes and ensure that the company is producing the right amount of goods to meet demand and maximize profitability.
Production planning is important because producing too much can lead to excess inventory.
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PLZ HELP ME!!!!!!
Which statement about credit card interest rates is TRUE?
A.) The more money you spend on purchases, the higher your interest rate will be
B.) A high interest rate means you'll pay MORE money total
C.) A high interst rate means you'll pay LESS money total
D.) Most credit cards do not charge any interest rate
Answers
Answer:
I think its A?
Explanation:
Answer these question
Answers
1. 100 bushels and p1
2. 150
3. as bushels become that big, it gets harder and harder to transport them, messing with the price compared to just buying two separate 100 bushels.
Which one of the following statements accurately describes FICO?
A.FICO is firm that analyzes data collected by credit bureaus and generates a credit score.
B.FICO is a credit bureau.
C.FICO collects information about your financial dealings involving any sort of loan, debt, or billing.
D. FICO uses your grades and employment information to determine your creditworthiness
Answers
Answer:
c. FICO collects information about your financial dealings involving any sort of loan debt or billing.
FICO collects information about your financial dealings involving any sort of loan, debt, or billing. Thus, the correct answer is option C.
What is FICO?FICO, formerly Fair, Isaac and Company, is a data analytics business with a focus on credit scoring services that is situated in Bozeman, Montana. Its formal name is Fair Isaac Corporation. In 1956, Bill Fair and Earl Isaac started it. A standard of consumer lending in the US is the FICO score, which measures the risk of consumer credit.
A business can store a complete copy of its financial transaction data because of FICO. FICO is specifically designed to assist businesses in producing and managing financial statements for analysis and reporting as well as supporting efficient business planning and decision-making.
Therefore, FICO collects information about your financial dealings involving any sort of loan, debt, or billing.
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What’s a good starter?
Answers
Potted crab. ...
Charred spring onions & romesco. ...
Scallops with chorizo & hazelnut picada. ...
Triple cheese & tarragon-stuffed mushrooms. ...
Grilled lobster tails with lemon & herb butter. ...
Watercress & celeriac soup with goat's cheese croutons.
Implementing and executing strategy successfully requires Implementing and executing strategy successfully requires:______________
A. the same kinds of creative management talent and innovative thinking capabilities as crafting strategy.
B. a financially driven process aimed at squeezing the most profit out of conducting daily operations.
C. the efforts of a company's whole management team, not just a few senior managers
D. a high caliber CEO that possesses the business vision, industry and competitive analysis skills, and entrepreneurial creativity needed to navigate the competitive landscape.
E. less managerial expertise and effort to perform well, at least in comparison with crafting a winning strategy.
Answers
Answer: C. . the efforts of a company's whole management team, not just a few senior managers
Explanation:
Planning, implementing and carrying out strategies requires a careful, collective and calculative decision to be made by all head of department and the board of an organization, because the decision taken will rub off through these departments for implementation. The decision or choice of decision should not be left to a few persons in the organization because when the ideas and plans are arranged the execution may fail as all the respective department were not involved by their heads.
Please help with economics will mark brainliest
Answers
Answer On 25, it is likely economic growth since both go up, however it might also be coming back from an recession, but i would go for economic growth first. On 24, I think it is no idle resources and using resources efficiently.
Explanation:
Long range decisions with long-lasting impact, such as selecting the location for distribution warehouses, mergers and acquisitions, and developing new product technologies are most commonly associated with what type of management decisions?.
Answers
Long range decisions with long-lasting impact, such as selecting the location for distribution warehouses, mergers and acquisitions, and developing new product technologies are most commonly associated with vertical and integration
By directly controlling different phases of the production process rather than depending on outside suppliers or contractors, a corporation can streamline its operations by implementing the vertical integration method.Instead of outsourcing its suppliers, manufacturers, distributors, or retail locations, a business might achieve vertical integration by acquiring or forming these businesses on its own. However, because a sizable initial capital expenditure is needed, vertical integration may be viewed as having risky potential drawbacks. When a business tries to increase its presence throughout the manufacturing or supply chain, it engages in vertical integration. To grow more dependent on other parts of the process, a corporation engages in vertical integration rather than sticking to a single point along the process.
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what are the three main transmission mechanisms by which the yield curve affects the economy
Answers
The three main transmission mechanisms through which the economy is been affected as a result of yeild curve are:
Corporate impact
global impact
consumer impact
The yield curve can be regarded as graph which shows how the yield that comes from debt instruments vary with respect to their years remaining to maturity. This debt instrument could be bond.The monetary transmission mechanism can be regarded as the process whereby asset prices as well as general economic conditions are been affected due to monetary policy decisions
The transmission that affect the economy are
Corporate impactglobal impactconsumer impactAll these transmission all have effect on the aggregate demand as well as interest rates, and amounts of money in the economyTherefore, transmission mechanisms have serious effect on the economy.
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what is the best way for an organization to satisfy an employee that is concerned about the fairness of his or her pay?
Answers
The best method for a corporation to appease a worker who questions the fairness of his or her pay is to present the worker with research demonstrating why the employer believes the compensation to be fair.
What is fairness at work?Fairness at work can be seen from various angles. We distinguish three types in terms of compensation and from the viewpoint of an organization:
The equitable distribution of the pay budget and the fairness of pay results (distributive justice).The fairness of the procedure used to decide pay (procedural justice).the standard of care provided to patients when procedures are used (interactional justice).Because they convey that people are regarded and cherished, these can foster trust. People might not want to join or stay with a company if they feel that their approach to performance management and compensation is unfair, though, and they may lack commitment.
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What are the Human Resources Teasha needed to open her business?
Answers
The human resources that will be required by Teasha to open her business include a receptionist, cashier, and salesperson.
From the information given, Teasha has graduated from school and wants to open her own business. She has experience working in a gift store and wants to have her own gift store too.
Therefore, she'll need a receptionist, a cashier, and a salesperson. The receptionist will welcome customers and answer phone calls from clients.
The cashier will help with issuing and receiving payments. Lastly, the salesperson will be responsible for helping the customers find items in the store and increasing sales.
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Current liabilities include ______. Multiple select question. accounts payable wages payable interest receivable 5 year bonds due in 2 years 10 years bonds due in 5 months
Answers
Current liabilities include current liabilities and 10 years bonds due in 5 months.
What are current liabilities?Current liabilities are obligations that a company owes other entities. This obligations would be paid withing a year.
Current liabilities include:
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If you were starting a new business describe at least three departments to the company that you would need right away why are these departments so important
Answers
Answer:
Explanation:
These departments are as follow:-
1) Admin
2) Administrative
3) HOD (Head Of Departments)
TRUE/FALSE. in order to gain the greatest effectiveness, a company's hrm function needs to be integrally involved in the company's management process.
Answers
It is true that a company's HRM function needs to be deeply integrated with the company's management process in order to achieve the maximum effectiveness.
The effective and efficient management of people in a company or organisation so that they contribute to their business's ability to obtain a competitive edge is known as human resource management (HRM or HR). It is made to maximise worker performance in support of a company's strategic goals. In order to effectively manage people inside firms, human resource management focuses on policies and systems. The design of employee benefits, hiring, training, development, performance reviews, and reward management, including pay and benefit administration, fall within the purview of HR departments.
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consider a perpetuity that pays $60 per year with the first payment today. the discount rate is 8%. what is the present value of the perpetuity?
Answers
The present value of the perpetuity is $750. This means that if you were to receive $60 per year indefinitely, with the first payment today, and the discount rate is 8%, the present value of all those future cash flows is $750.
To calculate the present value of the perpetuity, we can use the formula for the present value of perpetuity: PV = C / r, where PV is the present value, C is the cash flow per period, and r is the discount rate.
In this case, the cash flow per year is $60, and the discount rate is 8% (0.08 as a decimal). Plugging these values into the formula, we get:
PV = $60 / 0.08 = $750.
Therefore, the present value of the perpetuity is $750. This means that if you were to receive $60 per year indefinitely, with the first payment today, and the discount rate is 8%, the present value of all those future cash flows is $750.
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Briefly describe in your own words, five normalization
adjustments made to a private company’s earnings to translate to a
"reasonably well run, public company equivalent basis
Answers
The five types of normalization adjustments that can be made to a private company's earnings to translate them to a "reasonably well run, public company equivalent basis" are non-recurring expenses, owner's compensation, related-party transactions, non-operating assets, and non-operating expenses.
Normalization adjustments are made to a private company's earnings to translate them to a "reasonably well run, public company equivalent basis." These adjustments are made to provide a more accurate representation of a company's financial performance. There are several types of normalization adjustments that can be made, but five common ones are non-recurring expenses, owner's compensation, related-party transactions, non-operating assets, and non-operating expenses.
Non-recurring expenses are expenses that are not expected to occur again in the future, such as one-time legal fees or costs associated with a natural disaster. These expenses are removed from the company's earnings to provide a more accurate representation of its ongoing financial performance. Private companies often pay their owners a salary that is significantly higher or lower than what would be paid to a CEO of a comparable public company. This adjustment is made to reflect the owner's compensation that would be paid to a CEO of a reasonably well run, public company.Related-party transactions are transactions between the company and its owners or other related parties. These transactions are often not conducted at arm's length, and therefore may not reflect the true value of the goods or services exchanged. This adjustment is made to reflect the value that would be paid in an arm's length transaction.Non-operating assets are assets that are not necessary for the company's ongoing operations, such as excess cash or investments. These assets are removed from the company's earnings to provide a more accurate representation of its operating performance.Non-operating expenses are expenses that are not necessary for the company's ongoing operations, such as interest expense on excess cash or investments. These expenses are removed from the company's earnings to provide a more accurate representation of its operating performance.Learn more about Financial performance:
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______ is when there are circumstances in which the best competitive reaction is no reaction at all. Multiple Choice :a. Collusion b. Fast track c. Forbearance d. Co-opetition
Answers
The answer is c. Forbearance. Forbearance refers to a situation in which a firm chooses not to react to a competitor's actions, even though it has the ability to do so.
This may occur when the cost of a competitive reaction is higher than the potential benefits, or when the firm believes that retaliation could lead to a damaging price war or other negative outcomes.
In some cases, forbearance may be used as a strategic tool to signal to competitors that the firm is not interested in engaging in a costly and potentially harmful competitive battle.
Collusion refers to an agreement between firms to coordinate their behavior in a way that reduces competition, often by agreeing to fix prices or divide up markets.The fast track refers to a process that allows a project or proposal to be approved or implemented quickly, often by bypassing some of the usual bureaucratic procedures.Co-opetition refers to a situation in which firms collaborate with each other in some areas while competing in others, often with the goal of creating mutually beneficial outcomes.
The answer is c. Forbearance.
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Which of the following are examples of discretionary fiscal policy? (Check all that apply.) A. The government provides stimulus funds to repair roads and bridges to increase spending in the economy. B. Additional taxes are collected as the economy experiences an increase in income resulting from economic growth. C. Congress provides a tax rebate to encourage additional spending in order to reduce the unemployment rate. D. The president and Congress reduce tax rates to increase the amount of investment spending. E. A state government borrows money to finance the building of a new bridge. F. The government spends more on the military to provide assistance to England after a natural disaster.
Answers
Answer:
The government provides stimulus funds to repair roads and bridges to increase spending in the economy
The president and congress reduce tax rates to increase the amount of investment spending
Congress provides a tax rebates to encourage additional spending in order to reduce the unemployment rate
Explanation:
The following are examples of discretionary fiscal policy.
The government provides stimulus funds to repair roads and bridges to increase spending in the economy. Congress provides a tax rebate to encourage additional spending in order to reduce the unemployment rate.The president and Congress reduce tax rates to increase the amount of investment spending.The correct options are A, C, and D.
What is discretionary and nondiscretionary fiscal policy?Discretionary Fiscal Policy: changes in government spending and taxation enacted during a crisis affect the economy. Nondiscretionary Fiscal Policy: the set of policies built into the system to stabilize the economy, also known as automatic stabilizers.
These are deliberate policies implemented by the government to increase or decrease government spending or taxation. For example, when private sector demand and confidence are low during an economic downturn, Keynesian economists may advocate for a deliberate increase in the size of the fiscal deficit.
Thus, the ideal selection is options A, C, and D.
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14. Inequality to employees is one of the major demerits of
multinational
company. Explain
Answers
The correct answer to this open question is the following.
Although there are no options attached we can say the following.
Inequality to employees is one of the major demerits of a multinational company. This quote can be explained in the following way.
When multinational companies open offices or branches in other countries, regularly they do it in developing nations. The reason why is because in those developing countries these compies can pay cheaper salaries. That is why they leave their native country and open fabrics in regions such as Latin America, Central America, India, or Africa. Labor is cheaper than in the United States or European countries.
So there it is the inequality. Workers labor the same hours or more than workers in developed countries, but h¿they receive less money for their work and fewer perks.
you are drinking from an open container in your car. you are parked in the parking lot of a grocery store. the parking lot is private property open to the public.
T
F
Answers
It is important to check state laws and local ordinances regarding open container laws and public consumption of alcohol before drinking from an open container in a parked car in a public-accessible private property parking lot.
In most states, it is illegal to drink alcohol while operating a motor vehicle, and in some states, it is also illegal to drink alcohol in a parked car with the keys in the ignition or within reach. However, if the individual is a passenger in the car and not operating it, the laws may vary.
Furthermore, while the parking lot is private property, it is open to the public, which may also affect the legality of consuming alcohol. In some states, open container laws may apply on public property, such as parks or streets, but not on private property. However, this may not apply in all states.
It is important to check state laws and local ordinances regarding open container laws and public consumption of alcohol before drinking from an open container in a parked car in a public-accessible private property parking lot.
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