Impact of COVID 19 on the Australian economy (RBA)
The outlook for the Australian and global economies is being driven by the COVID-19 pandemic. The necessary social distancing restrictions and other containment measures that have been in place to control the virus have resulted in a significant contraction in economic activity, but economic conditions will improve as the pandemic is brought under control and containment measures are relaxed.
Global GDP is expected to fall sharply in the first half of 2020. The declines in the March quarter were driven by a contraction in Chinese and euro area activity as well as the rollout of containment measures elsewhere late in the quarter. A further fall in global GDP is expected in the June quarter, with many countries expected to record quarterly declines in GDP.
The Australian economy is expected to record a contraction in GDP of around 10 per cent over the first half of 2020; total hours worked are expected to decline by around 20 per cent and the unemployment rate is forecast to rise to around 10 per cent in the June quarter. Inflation is expected to be negative in the June quarter largely as a result of lower fuel prices and free child care. (Source RBA)
ABS data show that employed people were 13013000 in March 2020, and 12418700 in April 2020 respectively; unemployed people were 718800 in March 2020 and 823300 in April 2020. The participation rate was 66.0% in March 2020 and 63.5% in April 2020.
Fiscal Policy Responses
Over the past month, the Federal Government has announced an unprecedented fiscal injection of $194 billion (almost 10 per cent of GDP) consisting of $39 billion directly to business, $25 billion to households and the $130 billion Job-Keeper payment to support business and households through the COVID-19 shutdown.
Monetary Policy responses
The Reserve Bank of Australia has reduced the cash rate to 0.25%
Possible Outcome
A plausible baseline scenario is that the various restrictions are progressively relaxed in coming months and are mostly removed by the end of September, except for some restrictions such as international travel. If this occurs, and the spread of the virus in Australia remains limited, GDP growth is likely to turn around in the September quarter and the recovery would strengthen from there.
According the facts detailed in the case study, explain the impact of COVID-19 on the Australian economy. Use ADAS model to assist your explanation.

Katie's utility will rise by 15 if she receives an extra dollar to spend on paintbrushes and straw hats.

In order to solve Katie's utility-maximization problem using a Lagrangian, the following steps should be followed:

Step 1: The problem's utility function is

U(P, S) = 3PS + 6P.

Katie has $50 to spend on paint brushes and straw hats, and the price of a paintbrush is $1 and a straw hat is $5.

Step 2: The utility function, subject to the budget constraint, will be optimized.

3PS + 6P is the utility function, and the budget constraint is

P + 5S = 50 or P = 50 - 5S.

Step 3: In this stage, the Lagrangian formula is used to solve the issue.

L = 3PS + 6P - λ(P + 5S - 50).

Taking the derivative of the equation with respect to P, we get:

3S - λ = 0 or λ = 3S.

Taking the derivative of the equation with respect to S, we get:

3P - λ5 = 0 or λ = 15P/3.

We will equate the two expressions for λ and solve for S.

3S = 15P/3S = 5P, and

S = 5P/3.

Katie's budget constraint equation,

P + 5S = 50, is used to solve for P.

P + 5(5P/3) = 50 or

P = 10.

Therefore, S = 50/3.

Step 4: Katie's utility function will be calculated using these values.

U(10, 50/3) = 3(10)(50/3) + 6(10) = 220.

Step 5: The partial derivative of the Lagrangian function

L = 3PS + 6P - λ(P + 5S - 50) with respect to λ is as follows:

P + 5S - 50 = 0.

The marginal utility of an additional dollar is the value of the derivative: λ, which is 15 (because λ = 3S, and S = 50/3).

To know more about utility visit :

brainly.com/question/32296953

#SPJ11

The total profit from buying the call option is calculated by subtracting the option premium from the payoff.

To calculate the payoff and total profit from buying the call option on Apple stock, we need to consider the current stock price and the strike price.

The payoff for a call option is the maximum of zero or the difference between the current stock price and the strike price.

Therefore, the payoff for the call option is $5.

Therefore, the total profit from buying one option is $1.5.

Learn more about total profit

brainly.com/question/30495119

#SPJ11

a. Capability score: 0.5

b. Percentage within limits: Approximately 99.85%

c. Standard deviation reduction: Approximately 0.51 grams.

To compute the ability score and level of eggs inside as far as possible, we can utilize the interaction capacity record, Cp.

a. The capacity score (Cp) is determined by partitioning the resistance width (the distinction between the upper and lower particular cutoff points) by multiple times the standard deviation:

Cp = (USL - LSL)/(6 * standard deviation)

For this situation, the upper detail limit (USL) is 50 grams, the lower particular cutoff (LSL) is 44 grams, and the standard deviation is 2 grams. Connecting these qualities to the recipe, we get:

Cp = (50 - 44)/(6 * 2) = 6/12 = 0.5

Accordingly, the ability score of the eco-accommodating chicken egg activity is 0.5.

b. To decide the level of eggs inside as far as possible, we want to work out the region under the ordinary circulation bend between the cutoff points. We can utilize a standard typical conveyance table or a factual programming to track down this worth. Expecting a symmetric conveyance, we can find the level of eggs inside as far as possible as follows:

Rate inside limits = Rate underneath USL - Rate beneath LSL

Utilizing a standard typical conveyance table or programming, we track down the accompanying probabilities:

Rate underneath USL = Rate under 50 grams = 100 percent (as far as possible is at the tail of the appropriation)

Rate underneath LSL = Rate under 44 grams = around 0.15% (from the table)

In this way, the level of eggs inside as far as possible is roughly 100 percent - 0.15% = 99.85%.

c. To accomplish a capacity score (Cp) of 2/3 or 0.67 (which compares to 4.5% deformities), we can revise the Cp recipe and tackle for the expected standard deviation:

standard deviation = (USL - LSL)/(6 * Cp)

Utilizing the given upper and lower detail limits (50 grams and 44 grams) and the ideal Cp of 0.67, we can compute the necessary standard deviation:

standard deviation = (50 - 44)/(6 * 0.67) = 6/4.02 ≈ 1.49 grams

Thusly, the rancher would have to diminish the standard deviation of the activity to roughly 1.49 grams to accomplish a capacity score of Cp = 2/3 (4.5% deformities).

To learn more about Standard deviation, refer:

https://brainly.com/question/30304439

#SPJ4

When Rhino and Chris agreed that they will share profits and losses in a 75% to 25% ratio, respectively, they formed a partnership. The entries that will be made are as follows:Asset Account Dr. $10,000Partner's capital account (Rhino) Cr. $7,500Partner's capital account (Chris) Cr. $2,500

In such a case, the partnership agreement will outline how the partners are to split profits, losses, and any other gains that may arise.The gain from the sale of assets for $10,000 will be credited to the partnership's account. This is because the asset was sold for more than it was bought for, meaning the partnership gained from the sale. A credit to an account indicates that an amount has been added to it. The profit that was made from the sale of the assets is the partnership's gain. It should be shared according to the agreed ratio, which is 75% to Rhino and 25% to Chris.

In this regard, Rhino's capital account should be credited with 75% of the gain, which is $7,500, while Chris's capital account should be credited with 25% of the gain, which is $2,500.To balance the entries, the asset account will be debited. This is because it is no longer in the partnership's possession, having been sold. A debit to an account indicates that an amount has been removed from it.

Therefore, the entries that will be made are as follows: Asset Account Dr. $10,000Partner's capital account (Rhino) Cr. $7,500 and Partner's capital account (Chris) Cr. $2,500

For more such questions on profits and losses , click on:

https://brainly.com/question/29785271

#SPJ11

One of the countries that can be discussed to answer this question is India. India has a rich and diverse culture, and it is considered a very conservative country in many ways.

It is one of the few countries in the world that still criminalizes homosexuality. It was in 2018 when the Supreme Court of India declared section 377 of the Indian Penal Code unconstitutional, thereby decriminalizing homosexuality in the country.However, despite this landmark decision, the LGBTQ+ community still faces discrimination and marginalization in various forms. There is still a lack of legal recognition for same-sex couples in India. Same-sex marriage or civil unions are not legally recognized in India, and there are no laws protecting the rights of LGBTQ+ individuals regarding housing, healthcare, employment, and other areas.

Transgender persons in India are also facing various issues. There is a lack of recognition for their gender identity, and they face discrimination in society. Despite the situation of the LGBTQ community, there has been progress in recent years as more than 100 organizations working for the welfare of the community have emerged. These organizations provide resources for the community to support them with legal issues, HIV/AIDS awareness, and other services.

TO know more about rich visit:

https://brainly.com/question/30379609

#SPJ11

The Covid-19 crisis has had a significant impact on the size of operations of firms in the airline industry. Most airlines have seen a drastic decrease in demand for air travel, which has resulted in many airlines cutting down on the number of flights they operate and reducing the size of their fleet.

This has led to a significant reduction in the size of operations of firms in this industry, as they have had to lay off employees and cut down on expenses in order to survive. According to the International Air Transport Association (IATA), the global airline industry is expected to lose around $314 billion in revenue due to the Covid-19 crisis in 2020.

Many airlines have resorted to borrowing money and taking out government loans to stay afloat during the crisis. Some airlines have even filed for bankruptcy or gone out of business entirely. However, the industry has started to show some signs of recovery as restrictions on travel have begun to ease in some parts of the world.

To know more about Covid-19 visit:-

https://brainly.com/question/32508937

#SPJ11

When the betas for these four stocks are 1.0, 0.7, 1.4, and 0.8, respectively the portfolio beta is 0.885

The question requires us to find out the portfolio beta for a stock portfolio invested in Stock Q, Stock R, Stock S, and Stock T with the given beta values.

So, let us begin with the steps-  to find the portfolio beta

Step 1: Multiply beta value of each stock by its weight. That is,

`Stock Q = 1.0 × 0.30

= 0.300`

`Stock R = 0.7 × 0.35

= 0.245

``Stock S = 1.4 × 0.10

= 0.140

``Stock T = 0.8 × 0.25

= 0.200`

Step 2: Add the product of step 1 to obtain the portfolio beta.

`Portfolio beta = 0.300 + 0.245 + 0.140 + 0.200

= 0.885`

Therefore, the portfolio beta is 0.885.

To know more about Portfolio visit:

brainly.com/question/18760065

#SPJ11

The marginal utility of the 6th can of beans for this to be the utility maximizing choice is 12.

Marginal utility means extra satisfaction or utility received from consuming additional unit of goods.

To determine the marginal utility of the 6th can of beans:

Marginal utility of the 10th pack of ramen noodles = 20 (Given)

Let marginal utility of the 6th can of beans be MU(6).

MU(6) / Price of 6 cans of beans = MU(10) / Price of 10 packs of ramen noodles

MU(6) / (6 cans of beans) = 20 / (10 packs of ramen noodles)

MU(6) / 6 = 20 / 10

MU(6) / 6 = 2

= 2 × 6

= 12

Therefore, the marginal utility of the 6th can of beans must be 12 for this to be the utilize maximum when compared to the marginal utility of the 10th pack of ramen noodles with marginal utility of 20.

To learn more about Utility:

https://brainly.com/question/30841513

#SPJ4

Materials must regularly be transported both forward and backward. Material handling becomes challenging to automate. Conveyor belts, chutes, and other fixed route material handling equipment cannot be employed, thus material handling is highly expensive.

High expenses associated with in-process inventories might be a drawback of a product architecture. With a product layout, there is little in-process inventory. 25. In cellular production, tools and machines are organised into cells based on their kind (for example, all grinders are placed in one cell).

This design is frequently appropriate for non-repetitive tasks. ADVERTISEMENTS: Facilities that perform the same sort of function are grouped together, such as all the lathes in one location and the drill machines in another.

To learn more about product, click here.

https://brainly.com/question/31815585

#SPJ4

Answer : The Reserve Bank of Australia (RBA) could increase the official cash rate due to the overheating economy which is due to the rapid recovery in economic activity and ongoing fiscal stimulus.

Explanation : The Reserve Bank of Australia (RBA) could increase the official cash rate due to the overheating economy which is due to the rapid recovery in economic activity and ongoing fiscal stimulus.The Reserve Bank of Australia (RBA) could increase the official cash rate if the economy is overheating due to the rapid recovery in economic activity and ongoing fiscal stimulus.

The Reserve Bank of Australia (RBA) has a duty to maintain economic stability by regulating the official cash rate. The cash rate is the rate at which financial institutions borrow money from the Reserve Bank of Australia. To curb inflation and sustain economic growth, the Reserve Bank of Australia (RBA) could increase the official cash rate.

The overheating economy scenario could lead to the Reserve Bank of Australia (RBA) increasing the official cash rate because the inflation rate could be high in such an economic environment. Hence, the answer to the question is option B.A scenario in which the medium-term inflation rate in Australia is predicted to rise above 2% but still sit below 3% p.a. may not be enough to trigger an increase in the official cash rate, as it could be seen as a healthy inflation rate that the Reserve Bank of Australia (RBA) wants to maintain.

A contracting economy due to the impact of the global pandemic is also not enough to trigger an increase in the official cash rate as the Reserve Bank of Australia (RBA) would need to implement policies that stimulate the economy, such as lowering the official cash rate, in this scenario.

Learn more about Reserve Bank of Australia (RBA) here https://brainly.in/question/46404439

#SPJ11

Corporations pay their own income tax on corporate income. stockholders pay personal income tax on the dividends received from corporations. this is an example of double taxation.

Double taxation occurs when corporate income is subject to taxation at the corporate level, and then the dividends distributed to stockholders are also taxed at the individual level. The corporation pays income tax on its profits, and then when those profits are distributed as dividends to the stockholders, they are taxed again as part of their personal income. This results in the same income being taxed twice, once at the corporate level and again at the individual level, hence the term "double taxation."

To know more about dividends, here

https://brainly.com/question/30030205

#SPJ4

a. The implicit cost of greenhouse gas is $33.87- per ton (Round to the nearest cent.). $2,709,600,000 must be spent to reduce total emissions by 4% over the next five years

The implicit cost of greenhouse gas:  An implicit cost is an indirect cost that is not visible. When making a decision, it is a cost that has already been incurred but is not visible. It is the chance cost of using a company's or individual's current resources. .

The implicit cost of greenhouse gas can be calculated by dividing the money spent by the amount of greenhouse gases reduced. In this case, the electric utility company is spending $2.1 billion in capital over the next five years to reduce its annual emissions by 6%.

We can calculate the amount of greenhouse gases the company is reducing by multiplying its current greenhouse gases by 6%: 62,000,000 x 0.06 = 3,720,000. Then we can calculate the implicit cost of greenhouse gas by dividing $2.1 billion by 3,720,000:2,100,000,000 / 3,720,000 = 564.51612903Then we convert it to per ton:564.51612903 / 16 = 33.87099557

b. If the United States produces 2 billion tons of greenhouse gases each year, we can find the total amount of greenhouse gases that need to be reduced in order to reach a 4% reduction: 2,000,000,000 x 0.04 = 80,000,000 Then we can calculate the capital needed to reduce 80,000,000 tons of greenhouse gases by using the implicit cost per ton we found in Part (a): 80,000,000 x $33.87 = $2,709,600,000. Therefore, $2,709,600,000 must be spent to reduce total emissions by 4% over the next five years based on our answer in Part (a).

Learn more about implicit cost: https://brainly.com/question/7824689

#SPJ11

The cost production report for the month of February in the Assembling Department, Cost allocated to IP, end: P25,600

To solve the cost production report for the month of February in the Assembling Department, we need to use the weighted average method since this department uses this method in its costing system.

What is the weighted average method?

The weighted average method is a cost accounting system that determines the average cost of each item in stock, based on the costs of the items that remain in stock. It is a way to calculate the cost of goods sold and the cost of goods on hand at the end of a reporting period. It is based on the average of the costs of all items in inventory, taking into account the quantity of each item in stock, which makes it different from other methods of accounting for inventory. It is also called the moving average method since it averages the cost of goods as they are added to inventory.

We can use the following formula to calculate the weighted average cost per unit:

Weighted Average Cost Per Unit = (Total Cost of Units Purchased or Produced + Total Cost of Beginning Inventory) / Total Number of Units Produced or Purchased + Beginning InventoryNow,

let's calculate the cost per EUP for materials and conversion cost and the cost allocated to Finished and Transferred-Out and IP, end for each month as follows:

January:Cost Per EUP for materials: P2.00Cost Per EUP for conversion cost: P0.80Cost allocated to Finished and Transferred-Out:

P14,400Cost allocated to IP, end: P5,600February (Cutting Department):

Cost Per EUP for materials: P3.60Cost Per EUP for conversion cost: P1.80Cost allocated to Finished and Transferred-Out: P84,000Cost allocated to IP, end:P36,400

February (Assembling Department):Cost Per EUP for materials:

P1.64Cost Per EUP for conversion cost: P0.82Cost allocated to Finished and Transferred-Out:

P41,200Cost allocated to IP, end: P16,400March (Cutting Department):Cost Per EUP for materials:

P3.22Cost Per EUP for conversion cost: P1.61Cost allocated to Finished and Transferred-Out: P60,060Cost allocated to IP, end: P25,600

March (Assembling Department):Cost Per EUP for materials: P2.30Cost Per EUP for conversion cost: P1.15Cost allocated to Finished and Transferred-Out: P69,000Cost allocated to IP, end:

P22,600March (Finishing Department):Cost Per EUP for materials: P0.83Cost Per EUP for conversion cost:

P0.42Cost allocated to Finished and Transferred-Out: P6,650Cost allocated to IP, end:

P2,650Now, we need to prepare the cost production report for the month of February in the Assembling Department:

Cost Production ReportAssembling DepartmentFor the Month Ended February 29, 2016

Equivalent Units of ProductionDirect MaterialsConversion CostsUnits to be accounted for:

IP, beginning (40% complete) 1,000 1,000Started and completed during the month 6,000 6,000

To be accounted for 7,000 7,000Less: IP, ending (80% complete) 4,000 4,000Equivalent units of production 3,000 3,000Costs to be accounted for:

Direct MaterialsConversion CostsTotalCosts of beginning WIP P 5,000 P 2,000 P 7,000Current costs 12,000 5,000 17,000Total costs P 17,000 P 7,000 P 24,000Cost per EUP P 1.64 P 0.82Total cost assigned:

P 4,920 P 2,460Total cost assigned to Finished and Transferred-Out:P 4,920Prepare Cost of Goods Manufactured (Company) for the First Quarter ended March 31, 2016:

Cost of Goods Manufactured (Company)For the First Quarter Ended March 31, 2016

Direct MaterialsBeginning Inventory P 0Add: Purchases 63,000Materials available for use 63,000Less:

Ending Inventory 14,800Direct Materials Used 48,200

Conversion CostsBeginning Inventory 0Add: Conversion Costs Incurred 27,000Cost of Units Transferred-In 12,000Total Costs to Account For 39,000Less:

Ending Inventory 12,000Cost of Goods Manufactured (Company) P 27,000

Find out more on  cost production  at

brainly.com/question/13036997.

#SPJ11

Total return on investment = – $2000.Therefore, Gregory's total return on his investment is $2000 capital loss. Hence, option E is correct.

Gregory bought 500 shares of stock at a price of $60 per share. He later sold his stock at a price of $56. What was his total return on his investment. The answer to the question is option E) $2,000 capital loss.Explanation:We are given that Gregory bought 500 shares of stock at a price of $60 per share. Therefore, the amount invested by him is

500 × 60

= $<<500*60

=30000>>30000.

He later sold his stock at a price of $56. Therefore, the amount received by him is

500 × 56

= $<<500*56

=28000>>28000

.Total return on investment = Selling price – Purchase price Total return on investment

= 28000 – 30000

.Total return on investment

= – $2000

.Therefore, Gregory's total return on his investment is $2000 capital loss. Hence, option E is correct.

To know more about Gregory's visit:

https://brainly.com/question/30287134

#SPJ11

a) Price per share = $8.76. b) Price per share = $9.05. c)  after the completion of the repurchase program, the price per share will be approximately $7.91.

To solve this problem, we can use the Adjusted Present Value (APV) method. Let's calculate the different components:

a. Price per share prior to the announcement:

To calculate this, we need to determine the value of the firm without the recapitalization. We can use the perpetuity formula to find the value of the firm:

Value of the firm = Earnings before taxes / Required return on equity

Value of the firm = $3.5 million / 0.105 (10.5%)

Value of the firm = $33.33 million

Now, we can calculate the price per share:

Price per share = Value of the firm / Number of shares outstanding

Price per share = $33.33 million / 3.8 million

Price per share = $8.76

b. Value of the firm and price per share under the APV method after the recapitalization plan is announced:

In this case, we need to consider the tax shield from the interest expense of the debt. Let's calculate the value of the tax shield first:

Tax shield = Tax rate * Debt

Tax shield = 0.21 (21%) * $5 million

Tax shield = $1.05 million

Now, we can calculate the value of the firm:

Value of the firm = Value of the firm without debt + Value of the tax shield

Value of the firm = $33.33 million + $1.05 million

Value of the firm = $34.38 million

Next, we can calculate the price per share:

Price per share = Value of the firm / Number of shares outstanding

Price per share = $34.38 million / 3.8 million

Price per share = $9.05

c. Number of shares repurchased and price per share after the completion of the repurchase program:

To calculate the number of shares repurchased, we need to use the proceeds from the debt issuance divided by the price per share after the announcement:

Number of shares repurchased = Debt issued / Price per share after the announcement

Number of shares repurchased = $5 million / $9.05

Number of shares repurchased ≈ 552,486 shares

Now, we can calculate the price per share after the completion of the repurchase program:

Price per share = Price per share after the announcement * (1 - (Number of shares repurchased / Number of shares outstanding))

Price per share = $9.05 * (1 - (552,486 / 3.8 million))

Price per share ≈ $7.91

So, after the completion of the repurchase program, the price per share will be approximately $7.91.

Learn more about share at https://brainly.com/question/26128641

$SPJ4

The entry to record the transaction of J. Jones selling one-half of his partnership to J. Denim for $5,000 cash will include a credit to J. Denim, Capital.

When a partner sells a portion of their partnership interest to another partner, it is considered a transaction between the partners and does not affect the partnership's overall financial position. The selling partner, J. Jones, will reduce their capital account since they are selling a portion of their ownership in the partnership.

By crediting J. Denim, Capital, we are increasing J. Denim's capital account to reflect the additional investment made in the partnership. J. Denim is effectively purchasing a portion of the partnership interest from J. Jones, and the cash paid for this purchase increases J. Denim's capital account.

The entry to record the transaction would look like this:

Debit: Cash (for the $5,000 received)

Credit: J. Denim, Capital (to increase J. Denim's capital account)

This entry reflects the transfer of ownership from J. Jones to J. Denim and properly records the transaction in the partners' capital accounts. It is important to note that this transaction does not affect the partnership's overall capital balance, as it represents a reallocation of ownership between the partners.

for more such questions on transaction

https://brainly.com/question/1016861

#SPJ11

The business transactions that would increase the equity of ABC Limited are receiving a $1,200 cash payment on account from a customer and billing a customer $14,800 for consulting services.

The business transactions that would increase the equity of ABC Limited are:

b) ABC received a $1,200 cash payment on account from a customer. This transaction increases the company's assets (cash) and also increases equity by increasing accounts receivable (an asset) and reducing accounts payable (a liability).

d) For the month's worth of consulting services, ABC billed a client $14,800. This transaction increases the company's assets (accounts receivable) and also increases equity by increasing revenue.

The other transactions do not directly impact equity:

a) ABC Limited's owner took $900 cash to fund personal living expenditures. This transaction reduces the company's assets (cash), but it does not affect equity.

c) ABC spent $45,000 on account to buy a new computer. This transaction increases the company's assets (machinery) but also increases liabilities (accounts payable). It does not directly impact equity.

Learn more about: equity

brainly.com/question/31458166

#SPJ11

When Prof Irias sues Prof. McGuire for trespass of property in a state trial court and loses, she cannot insist that the United States Supreme Court hear her case. Nonetheless, she can plead her case before the federal court by raising a constitutional issue, which requires that the US Supreme Court intervene in the dispute.

The US Supreme Court is the highest court in the United States, and it has both appellate and original jurisdiction. The original jurisdiction provides the Supreme Court with the authority to settle disputes between states, while the appellate jurisdiction involves hearing appeals from lower federal courts and state courts that involve federal law or the Constitution.

The US Supreme Court has a discretionary authority to decide which cases to hear. When a state court decides a case involving a federal question, a party who is aggrieved by the decision may appeal to the Supreme Court for review.

In this case, Prof Irias would have to appeal to the US Supreme Court if her case involved a federal question, but the court has the discretion to deny or grant her appeal.

To know more about trial court visit:

https://brainly.com/question/14839358

#SPJ11

The given statement "The human resource model of quality management is the best model of performance excellence" is subjective and cannot be classified as either true or false.

The correct option is neither 1 nor 2.

However, it is important to understand the human resource model of quality management and its significance in performance excellence.The human resource model of quality management focuses on empowering and training employees to continuously improve their performance, leading to better overall organizational performance.

It emphasizes the importance of employee involvement, motivation, and development in achieving quality management goals.This model recognizes that employees are an organization's greatest asset, and their contribution to quality management is crucial.

It aligns with the philosophy of total quality management, where all employees are responsible for quality, and continuous improvement is essential for success.

Therefore, while the human resource model of quality management may not be the only model of performance excellence, it is certainly one of the most effective models in achieving overall organizational success. The emphasis on employee involvement, motivation, and development leads to increased job satisfaction, employee retention, and overall organizational performance.

For more such questions on management, click on:

https://brainly.com/question/1276995

#SPJ11

Inflation is defined as a rise in the general price level. Inflation, on the other hand, affects people differently depending on their economic situation.

Here is how inflation helps and hurts each of the individuals in the situations given:

Jack retired five years ago and now lives on a fixed-income annuity and a small savings account that pays him 1% interest on the balance. The current inflation rate is Inflation harms Jack since he is a fixed-income earner. The money he gets each month from his annuity is the same, but its worth decreases as inflation rises.

Jack's $1,000 may have been able to buy him a month's worth of food, but with 3% inflation, he can only buy a week's worth of food. Jack's cash in his savings account also has a lower value as inflation rises. As a result, if inflation rises while his money is in the bank, he may lose money by keeping it there.

Jill has worked at her current position without a raise for 4 years. Because inflation has risen 5% over the course of the 4 years, she has struggled to pay day-to-day living expenses and her house payment. She asked her employer for a raise and he gave her a 6% raise because she is such a good worker.Inflation helps Jill because she receives a pay raise. Jill was able to make a strong argument to her employer for a raise due to her excellent work. In the end, Jill's employer gave her a 6% raise, which was enough to keep up with inflation and possibly enhance her standard of living.

To know more about inflation visit :

brainly.com/question/28136474

#SPJ11

Four digital technology laws are:Moore’s law: Gordon E. Moore observed that the number of transistors per square inch on integrated circuits had doubled every year since their invention.

This became known as Moore’s law. Moore's Law is not an actual law, rather it is an observation and a projection based on the trends that have been observed over the years.Metcalfe’s Law: Robert Metcalfe is known for co-inventing Ethernet. His law states that the value of a network increases with the number of users on the network. The more users that join the network, the more valuable the network becomes.Gilder’s Law: Gilder's law says that the speed of high-end computers doubles every 18 months and that this increase in power is matched by the expansion of the bandwidth of telecommunications at the same time.Kryder’s Law: Mark Kryder observed that the density of information storage on magnetic disks has been doubling every 18 to 24 months. In other words, it has been increasing at a rate of 40-60 percent per year. Kryder's Law has also held up for a long time as far as researchers can tell.The four digital technology laws are interconnected with each other and have an impact on the growth and success of the digital industry. For instance, Moore's law is responsible for the exponential growth in computational power, Kryder's law is responsible for the exponential increase in storage capacity, Gilder's law is responsible for exponential growth in communication speed and Metcalfe's law is responsible for exponential growth in the value of the network. These laws are known to have an impact on the development of digital technologies and have been driving technological advancement for decades. The laws are responsible for exponential growth in the areas of computational power, storage capacity, communication speed, and the value of the network. I think the four digital technology laws have been working together to create a stable foundation for the digital industry. The growth in the digital industry has been driven by the steady improvements in the speed, capacity, and value of the technology. These laws have made it possible for the digital industry to continue to advance at an exponential rate. These four laws will continue to play an important role in the future of the digital industry and will contribute to its growth and success.2. Digital technology can create new jobs by making many manual and time-consuming tasks easier, more efficient, and more productive. Digital technology can help companies become more efficient and productive, which in turn can create more job opportunities. For example, digital technology can automate certain tasks like data entry, which can free up employees to focus on more critical tasks. In addition, digital technology can also enable remote work, which can help companies access a wider pool of talent from different parts of the world. This can be especially helpful for companies in industries that require specialized skills or knowledge. Digital technology has the potential to create new jobs and transform existing industries by making them more efficient, productive, and competitive. It is important for businesses to embrace digital technology and invest in their digital infrastructure to stay competitive and adapt to changing market conditions.

In conclusion, digital technology has the potential to create new jobs and transform existing industries, but it requires a willingness to adapt and invest in digital infrastructure.

Learn more about Moore’s law here:

brainly.com/question/12929283

#SPJ11

The statement that "the greater the MPS (Marginal Propensity to Save), the greater the multiplier" is incorrect. In fact, the opposite is true. The multiplier is determined by the Marginal Propensity to Consume (MPC), not the MPS.

The MPC represents the portion of each additional dollar of income that households spend rather than save. The MPS, on the other hand, represents the portion of each additional dollar of income that households save rather than spend.

The multiplier is calculated as the reciprocal of the MPS. It is derived from the concept that an injection of spending into the economy leads to subsequent rounds of additional spending as income is circulated and re-spent. The higher the MPC, the greater the multiplier because more of the initial injection is consumed, leading to more subsequent rounds of spending.

Conversely, the higher the MPS, the smaller the multiplier. If households have a high propensity to save, they will save a larger proportion of each additional dollar of income, leaving less for consumption and subsequent rounds of spending. This results in a smaller multiplier effect.

Know more about Marginal Propensity to Save here:

https://brainly.com/question/16820522

#SPJ11

In the business environment, a tort refers to a wrongful act that results in injury to an individual or damage to property. It is a civil offense, as opposed to a criminal offense. Tort causes of action can put a company out of business because they may result in high financial settlements or judgments.

There are several types of torts that a business owner should be aware of. These include intentional torts, negligence, and strict liability. Intentional torts occur when an individual or business intentionally commits an act that results in injury or damage. Examples include assault, battery, and defamation. Negligence occurs when an individual or business fails to exercise reasonable care and causes injury or damage.

In conclusion, understanding tort law and the risks associated with it is critical for any business owner. By taking steps to mitigate those risks, a business owner can protect their company and ensure its long-term success.

To know more about environment visit:

https://brainly.com/question/5511643

#SPJ11

When the social value and the private value are equal to one another but social cost is higher than the private cost, the private market outcome will be lower than the outcome desired by the society. The correct answer is option C.

When the social value and the private value are equal to one another but social cost is higher than the private cost, the private market outcome will be lower than the outcome desired by the higher, society because the private market does not take into account the negative externalities of economic activities.

In other words, when the social value and private value are equal, it suggests that the private benefits of the production activity are equal to the social advantages. However, when the social cost is higher than the private cost, it suggests that the private market is not considering the negative externalities of the economic activity.

This is because the private market is only concerned with the private benefits and costs associated with the economic activity, whereas the social cost is borne by society as a whole.

In conclusion, when social cost is higher than the private cost, the private market outcome will be lower than the outcome desired by the society.

Hence, option C is the right answer.

To know more about social cost, visit https://brainly.com/question/13574768

#SPJ11

Brands are not solely rational constructs but encompass both rational and emotional aspects. Their lifespan can vary, and they play a crucial role in the Internet era. Brands that effectively adapt to the digital landscape and continuously deliver value to their customers can remain viable and successful in the ever-changing business environment.

Brands can be defined as distinctive symbols, names, logos, designs, or other elements that differentiate and identify a specific product, service, or company from its competitors. They represent the overall perception and reputation of a business in the minds of consumers.

While brands can have rational elements such as product features, quality, and functional benefits, they also encompass emotional and psychological associations. Consumers often form connections and attachments to brands based on their experiences, values, and perceptions. This emotional aspect adds depth and meaning to the brand beyond pure rationality.

The lifespan of a brand can vary significantly. Some brands have endured for decades or even centuries, demonstrating their resilience and ability to adapt to changing consumer preferences and market dynamics. However, other brands may experience a shorter lifespan due to factors such as intense competition, shifts in consumer preferences, or failure to innovate and meet evolving customer needs.

In the Internet era, brands have become more important than ever. The internet has expanded the reach and influence of brands, allowing businesses to connect with global audiences and engage in direct communication with customers. Online platforms provide opportunities for brand building, storytelling, and fostering customer loyalty.

At the same time, the internet has also posed challenges for brands. The abundance of information and choices available online has increased competition and made it easier for consumers to compare and switch between brands. Brands need to adapt to the digital landscape by developing a strong online presence, delivering seamless customer experiences across multiple channels, and utilizing digital marketing strategies to build and maintain brand relevance.

for more question on lifespan

https://brainly.com/question/31467348

#SPJ11

Answer:

1, A market is defined as the sum total of all the buyers and sellers in the area or region under consideration. The area may be the earth, or countries, regions, states, or cities. The value, cost and price of items traded are as per forces of supply and demand in a market.

2,

A factor market is different from the product, or output, market—the market for finished products or services. ... The primary difference between product markets and factor markets is that factors of production like labor and capital are part of factor markets and product markets are markets for goods.

A firm should be required to remove a reasonable amount of pollution, based on the results of the cost-benefit analysis.

The cost-benefit analysis for pollution control determines the value of pollution control strategies and their costs. To determine the best pollution control level, the costs of pollution control need to be weighed against the benefits it provides.  

Therefore, it is not always necessary for a firm to remove 100% of the pollution it creates.

What is cost-benefit analysis for pollution control?

A cost-benefit analysis is a tool used to determine whether or not the benefits of a specific action outweigh the costs of that action.

The cost-benefit analysis for pollution control determines the value of pollution control strategies and their costs. The costs of pollution control refer to the expenses incurred when implementing pollution control measures.

The benefits of pollution control, on the other hand, include avoided pollution-related health effects, higher quality of life, and better economic outcomes.

According to the cost-benefit analysis for pollution control, should a firm be required to remove 100% of the pollution it made?It is not always necessary for a firm to remove 100% of the pollution it creates.

The level of pollution control that is necessary for a firm to implement should be determined through the cost-benefit analysis.

This level will vary based on the specific pollution-related impacts of the firm's activities, the costs of pollution control strategies, and the benefits of those strategies.

Therefore, a firm should be required to remove a reasonable amount of pollution, based on the results of the cost-benefit analysis.

Learn more about pollution control from the given link

https://brainly.com/question/31162455

#SPJ11

The Goods and Services Tax (GST) is a consumption tax imposed on the supply of goods and services in Malaysia. GST is an indirect tax that is imposed on the final consumer and is collected at each stage of the production cycle.
In this case, the calculation of net GST payable position is as follows:

Sales of Motor Vehicles = Taxable Supply
Net GST payable = 6/106 x 35,000 = 1,571.70

Rent received on residential property = Input Taxed
No GST payable.

Interest on Deposits = Input Taxed
No GST payable.

Sale of commercial building = Taxable Supply
Net GST payable = 6/106 x 6,600 = 373.58

Employee contribution for the provision of car = Taxable Supply
Net GST payable = 6/106 x 0 = 0

Total GST payable = 1,571.70 + 373.58 + 0 = 1,945.28

Motor Vehicles purchased = Taxable Supply
Input Tax credit = 6/106 x 10,500 = 594.34

Maintenance cost on residential apartments = Input Taxed
Input Tax credit = 0

Salary paid to employees = Taxable Supply
Input Tax credit = 6/106 x 1,500 = 84.91

Rates = GST Free
No Input Tax credit.

Water bill = GST Free
No Input Tax credit.

Repairs to motor vehicles = Taxable Supply
Input Tax credit = 6/106 x 0 = 0

Total Input Tax credit = 594.34 + 84.91 + 0 + 0 = 679.25

Net GST payable = GST payable - Input Tax credit = 1,945.28 - 679.25 = 1,266.03

The section under which the calculation is made is under Section 33 of the Goods and Services Tax Act 2014.

There is no case law example applicable.

To know more about position visit:

https://brainly.com/question/12650352

#SPJ11

Exchange rate systems refer to the mechanisms by which a country determines the value of its currency in relation to other currencies. There are three primary types of exchange rate systems are Floating exchange rate system, Fixed exchange rate system and Managed or dirty float exchange rate system.

Floating exchange rate system: Under this system, exchange rates are determined by market forces of supply and demand. The value of a currency fluctuates freely in response to economic factors, such as inflation, interest rates, and trade imbalances. Governments do not intervene directly in the foreign exchange market to control the exchange rate.

Fixed exchange rate system: In this system, the value of a currency is pegged to a specific foreign currency or a basket of currencies. The central bank of a country intervenes in the foreign exchange market to maintain the exchange rate within a narrow range.

Managed or dirty float exchange rate system: This system combines elements of both floating and fixed exchange rates. The exchange rate is allowed to fluctuate within certain limits, but central banks occasionally intervene to stabilize the currency.

Each exchange rate system has advantages and disadvantages, and countries may choose a system based on their economic objectives, stability goals, and policy preferences.

To know more about Exchange rate click here

brainly.com/question/32344536

#SPJ11

To get the answer to the question, we'll apply basic arithmetic. Given that Jolie earned $205 and spent d dollars at a water park with some friends.

After going to the water park, Jolie had $160 remaining.

Therefore the answer is option a. Jolie spent $205 - d dollars at the water park.

To learn more about amount earned, visit here

https://brainly.com/question/20603560

#SPJ11