The ice cream market is an example of monopolistic competition because it has many sellers who offer differentiated products. Monopolistic competition is a market structure characterized with freedom of entry and exit, but firms can differentiate their products. Firms are price makers because the good is highly differentiated.
Answer:
Explanation:
The journal entry is presented below:
Cash A/c Dr $1,800
To Accounts receivable A/c $1,800
(Being the cash is received)
Since the cash is received so we debited the cash account and there is a decrease in account receivable so this account should be credited. Both the accounts are recorded at $1,800 each.
Answer:
Instrumentality
Reward they want
Explanation:
_Instrumentality_ highlights how intended effort can turn into actual effort if employee believe their hard work will __result in rewards they want_.
Employees tends to be motivated toward the work when reward are attractive. The intended effort is then turned to actual effort when they are being awarded accordingly and this allow them to perform their job successfully.
The process of turning the intended effort to actual effort is termed Instrumentality and their performance will results in reward they want.
Adding expectancy theory to the model of motivation and performance illustrates how valence, expectancy, and instrumentality contribute to motivation. Self-efficacy and employee belief in the outcome of their hard work are key factors in transforming intended effort into actual effort.
Adding expectancy theory to the model of motivation and performance illustrates how the interaction of valence, expectancy, and instrumentality contribute to motivation. The concept of self-efficacy plays a pivotal role in motivating behavior, as it is an individual's belief in their own capability to complete a task. When employees believe their hard work will lead to desired outcomes, their intended effort can turn into actual effort.
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B. operational excellence.
C. global excellence.
D. customer excellence.
Answer:
D. Customer Excellence
Explanation:
Customer excellence is whereby you're the greatest in making your customer extremely happy about working with you. Ritz Carlton made Ramona happy but dry cleaning the suit and making sure it was ready the next morning to be used for the presentation.
When customer excellence is provided, your customer tends to seek you out at any given time and also advertises for you by telling others like their friends.
B. a hazard.
C. a risk.
D. a premium
Answer:
c. a risk
Explanation:
i got it right on the test
2. Should you take the project if you want to increase the value of the company?
Answer:
1. 4 years
2. No
Explanation:
Payback period calculates the amount of time to recoup the total investment made on a project. It calculates how long the cash flows generated from a project would cover the cost of the project.
The cost of the project is $500,000
Cash flows are $125,000 per year for 10 years.
In the first year, the cost of the project is reduced by $125,000 and becomes $375,000.
In the second year, the cost of the project is reduced by $125,000 and becomes $250,000.
In the third year, the cost of the project is reduced by $125,000 and becomes $125,000.
In the fourth year, the cost of the project is reduced by $125,000 and becomes $0.
The cost of the project is totally recouped in the 4th year. therefore, the payback period is 4 years.
But the company has a preferred payback period of 3 years ,therefore , the firm won't undertake the project because the payback period is more than 3 years.
B. partnerships
C. collectives
D. corporations