Essays on Economics

The term "variable costs" refers to expenses that are directly related to the output volume (Garrison, Noreen, Brewer & McGowan, 2010). The difference between the degree of output fluctuation and the level of cost variation has a fixed ratio. For instance, if the cost of the direct materials is $50...

The Nature of Internal Communication The participants' participation determines the nature of internal communication in an organization. These two modes of communication are vertical and horizontal (at the same level) (boss-employee). The process of making decisions is similar. When speaking with the boss, a worker adopts a condescending tone (Garvin &...

Workers Face Obstacles in Their Careers Workers face obstacles relating to their careers because of the rapidly evolving technologies and working environment. The advancement of individuals' careers may be hampered by other problems including mergers, acquisitions, and downsizing of businesses. Workers have recently begun to understand the need of being versatile...

The development of human resources is an essential component of every organization. According to Elnaga & Imran (2013), a lot of businesses invest heavily on their human capital because that capital's effectiveness will influence that of the business as a whole (Elnaga & Imran, 2013). According to Tooksoon (2011), performance...

Regarding their usefulness and sociological context, dominant culture and subculture have different dynamics. Dominant culture in an organization demonstrates how a company upholds its key ideals (Robins et al., 2015). Furthermore, the majority groups, which have greater influence than other groups, are part of the prevailing culture. The United States,...

Successful interpersonal communication is crucial for the workplace. However, because of inadequate communication abilities, many professions have stopped, declined, or failed. Using signs and words in verbal and nonverbal communication is common. Information may be transmitted from one party to another over a physical distance thanks to language and technology....

How might VR influence consumer behavior? Given how frequently virtual reality (VR) is discussed in the marketplace, it is expected to have an impact on consumer purchasing habits. Customers will learn about the products available thanks to the use of virtual reality in advertising, and as a result of their altered...

Nike is a multinational corporation based in the United States that specializes in the creation of sportswear, which includes garments, accessories, and sporting goods. Nike was established in 1964 by William Jay Bowerman and Philip H. Knight, and throughout time, its financial performance has improved (Carsrud, Kotler, and Armstrong 2010,...

CBF use the batch process flow diagram. In the batch process flow structure, products are produced in batches of a specific size, with each batch traveling through the production structure and process. The batch process is distinguished by a sequential flow of operations in which distinct techniques are consistent across all...

The Wall Street Journal article "Business Partners Back Away from JBS Amid Bribery Scandal" goes into detail on the fallout from the Brazilian bribery scandal that affected the meat industry behemoth JBS ( Magalhaes, 2017). In the most recent development, the business's partners—including its clients, investors, and contractors—are ceasing to...

The success of multinational corporations has been greatly influenced by the management of global compensation and benefits. This is because it involves managing tumultuous and extremely complex local details while ensuring the concurrent establishment and maintenance of a strategic, unified pattern or system of compensation policies, values, and practices (Gomez-Mejia,...

Financial Data and Balance Sheet Analysis Financial data including the yearly balance sheet, which will be available starting in December 2019, can represent the performance of Capsim Andrews Company (Capsim Andrews Company, 2019).Components of the Balance Sheet The three essential components—equity, liability, and assets—were represented by the Andrews Company's balance sheet. Accounts...