Fill This Form To Receive Instant Help
Fill This Form To Receive Instant Help
Homework answers / question archive / 1)Which of the following is an example of physical capital? O the knowledge an auto mechanic has obtained O discovering a cheaper production method
1)Which of the following is an example of physical capital? O the knowledge an auto mechanic has obtained O discovering a cheaper production method. O stocks and bonds issued by a corporation O machinery in a bottling factory Question 5
Question 5 1 5. What can government policy do to raise productivity and living standards? protect property rights and promote political stability. o pursue outward-oriented policies in regards to trade. o all of them are policies that increase productivity and increase living standards. encourage saving and investment. Question 6 1 pt
Question 7 1 pts 7. Suppose that all economies have the same ratio of investment to GDP. The conventional view pf production processes is that capital is characterized by O increasing returns, so that real GDP in rich countries would grow faster than in poor countries. diminishing returns, so that real GDP in rich countries would grow slower than in poor countries. O increasing returns, so that real GDP in rich countries would grow slower than in poor countries. diminishing returns, so that real GDP in rich countries would grow faster than in poor countries. 1 pts Question 8
Question 9 9. Investment from abroad reduces a country's productivity but increases its wages. increases both a country's productivity and wages. O reduces both a country's productivity and its wages. O increases a country's productivity but reduces its wages. Question 10
2)Why is it important to learn how to conduct valid historical research for business?
3)GBBA was a very creative advertising firm, but it was in trouble. The business had been very profitable in the past, but recently competition from other advertising agencies had reduced business and profits. The founder, Gibson Bart Bangle, hired John Wrench to turn the business around. John was well known as a “tough” manager. At the first meeting with his senior managers, John began the meeting by shouting, “You are all idiots. You have driven a perfectly good business into the ground. Now I’m going to turn it around.” John was quick to set out new routines and rules and was very decisive. He expected his orders to be obeyed immediately. He fired two senior managers who did not respond quickly enough to please him. Two other managers left the business soon after. John hired new people to replace them after interviewing them for several hours. John had clear ideas on how to turn things around, and his methods did increase profits considerably. Everyone was working much harder and longer. No one dared grumble for fear of what John might say. What leadership style was John applying? Why would you say that? 2 Marks How would you compare John’s leadership style with other leadership styles you may have known? 5 Marks How would you feel if you were one of the employees working for John? 1 Mark What advice you will have for John? Do you think he has adapted the right style of leadership? Why? And why not?
1)
Answer. Machinery in the bottle factory.
Physical capital means those capitals which are used to produce further goods. Machinery in the Bottle factory is the perfect example of physical capital because it will be futher used to manufacture or produce bottles or bottle caps.
Question 5.
Answer. Encourage saving and investment
Government policies that raise productivity and living standards says
The importance of saving and investment one way to reach future productivity is to invest more current resources in the production of capital
2)Historical research is a research technique which is qualitative .It studies past events , their causes and the effects on the present events.It aims at preserving facts and interpreting facts. The researcher , after collecting the facts make efforts to comprehend the facts. The researcher also verifies the facts with the help of other data sources.If the aim of business is to improve the quality of business , business executives can have confidence from the experiences of others and here lies the importance of historical research.History is a way of thinking and one of the key functions of business history is to understand that the analogies used in business are correct.History in business has to do with established facts and having historical background provides a proper reference point.It is a fact that no two circumstances in business are similar , but there is a general pattern which can be seen in history and references can be drawn..
3)
If we go through the question, we have been asked about the leadership style of John Wrench.
According to my observation, John is applying ' Autocratic Leadership Style '?????. To understand the reason, we must first understand what is Autocratic style and what are it's features.
Autocratic Leadership Style: It is also known as directive or authoritative style of leadership. The entire authority rests in the hands of one leader. He decides all rules and policies. He commands subordinates and expects complete obedience from them. The leader possess total authority and is wholly responsible for the execution of task.
Features of Autocratic Style:
1) The leader holds all the authority and decision-making power.
2) Top-down communication and one-way.
3) Formal communication system of command and control.
4) Very little delegation exists.
5) Mostly used when workers are unskilled, not trusted and their ideas are not valued.
The features which we have mentioned above clearly depicts that John's way of leadership is autocratic as we can see he is strict. He made new rules and policies which he demanded to be followed by subordinates. He has all the decision-making powers. He fired and hired employees according to his will. The subordinates have no say in decision-making and consultation.
Comparison of John's leadership style with others are as follows:
If I would be working for John, I would have following feedback:
1) No role in decision-making process would demotivate me.
2) Working for long hours would be a kind of exploitation.
3) Strictly following orders will dampen my creativity and thus less involvement in work.
4) This way of working would certainly frustrate me.
5) Just following the orders and no say in decision-making would not let me develop leadership skills.
I will advice John to adopt a little liniency in his leadership and involve employees a little in decision-making process. This will increase their motivation and eventually productivity.
His leadership style is not appropriate for the long term as eventually everyone will get frustrated and less motivated to work.
His leadership style is not appropriate because autocratic style is used for unskilled workers which is not the case here. He should adopt a leadership style in which involvement of subordinates is there. This will motivate them and increase productivity.
Please use this google drive link to download the answer file.
https://drive.google.com/file/d/1pZQ_86s-cn5-8QqnDXnWSyERrs0L_b_k/view?usp=sharing
Note: If you have any trouble in viewing/downloading the answer from the given link, please use this below guide to understand the whole process.
https://helpinhomework.org/blog/how-to-obtain-answer-through-google-drive-link
