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Hiring and developing employees can be challenging for owners and managers of a small business venture, especially when these employees may be working in two or more operational areas. For example, one employee may be responsible for both marketing and sales, while another employee may be responsible for information technology management and office administration. Imagine you are the owner of a small business venture, and are ready to hire your employees. Initially, the employees you hire will have to assume more than one role.
Address the following in detail: What roles would need to be filled for the business? Which roles might best be combined? What skills/attributes would you look for when recruiting employees? How would you assess the strengths and skills of each employee in order to assign the specific roles and responsibilities? Should you set up specific time allocations/expectations for each employee (e.g. an employee is responsible for marketing 60% of the time, and sales the remaining 40%)? If so, how would you monitor the percentages? What do you think are the advantages of using this approach in this setting? Disadvantages?
What role does microeconomics play in business decisions compared to macroeconomics. Can you assit me with a real life example that would show the impact on the decision making process of the business.
The following transactions take place in 2000: An elderly couple goes to the movies and pays $150 for the tickets. A family sells numerous knick-knacks at a garage sale for $125. A young executive buys 100 shares of IBM for $10,000. The addition to g..
when the state cuts its rate by 4 cents an hour. Explain how the fall in the average weekly wage and the minimum wage will influence aggregate supply.
“Devoting a larger share of national output to investment would help restore rapid productivity growth and rising living standards.” Do you agree with this claim? Explain, using the Solow model.
This question considers long-run policies in Turkey (T) relative to its largest trading partner: Europe (E). Assume Turkey’s money growth rate is currently 15% and Turkeys output growth is 9%. Calculate the expected rate of depreciation of the Turkis..
From the profit maximization perspective, under which condition does it make sense to expand the level of output in the short-run?
Suppose the US government places a ceiling on the price of internet access also a black market for Internet providers arises, with internet providers developing hidden connections.
A person can chose to work any amount from 0 to 52 weeks per year at a wage of $1000 per week. Draw her annual budget constraint, representing total annual consumption vs annual weeks of leisure.
You learn that the market price of illegal drugs is falling. Which hypothesis is consistent with this information on drug prices.
When a chef creates a dinner plate of food for a customer, which of the following represents the physical capital resource?
The financial plan
q.1. what factors are important in determining the length of the imitation lag and the length of the demand lag?
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