you have recently moved into a project management role at a new company. the company has been in business for a few years and has brought you on to create a new product. the project team has been working together for a long time. you notice during your first brainstorming session that staff are reluctant to speak out with their ideas. all the product backlog ideas have come from just two of the seven team members. you recognize there are 2 dominant individuals within the group, but the success of your project relies on the input from all seven members. what should you do? answers a. solicit ideas on an individual basis b. review lessons learned documents form previous projects to see what works c. continue with the project and hope that the shyness will go away over time d. recognize that groupthink is creeping in and remove the 2 dominant team members from meetings

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Answer 1

First and foremost, decide what you want to accomplish. Consider the project's objectives. I recommend having one main goal and a number of smaller goals that will ultimately lead to project success.

What is the first thing a new project manager should do?

The project manager needs to do the following prior to that meeting: Establish the goals and deliverables: Establish a shared objective for everyone. Determine what needs to be done and by when. Determine your team and assign roles.

How do you think a project manager could aid that company in writing one or two sentences?

By reducing risk and providing precise timings and decision points that help ensure projects are delivered on-time and within budget, project planning reduces the disappointment of failed and overdue projects.

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Related Questions

Which 3 of these can you do from the Teams menu in QuickBooks Online Accountant?
Send messages to team members Create tasks and projects for users Add a new accountant user Change the lead accountant assigned to clients Track users' ProAdvisor certifications and their expiration dates See the user's status of team members

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The Teams menu in QuickBooks Online Accountant allows you to conduct the following three things: Send messages to members of the team Make tasks and projects for your users.

Keep track of users' ProAdvisor certificates and when they expire. QuickBooks Online Accountant is accounting software for accountants and bookkeepers that is hosted in the cloud. It includes facilities for managing many clients, balancing finances, tracking costs, producing invoices, and filing tax returns, among other things. QuickBooks Online Accountant also includes capabilities for communicating with customers and other team members, including as messaging, project creation, certification tracking, and user activity monitoring. The program connects with other applications and services, allowing for simple data import and export, job automation, and process streamlining.

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how amazon revolutionizing supply chain management case study

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Amazon revolutionized supply chain management by introducing a new and more efficient way of managing the flow of goods, from the manufacturer to the customer.

They leveraged technology, such as their proprietary fulfillment network, to optimize delivery times and reduce costs. Amazon also implemented a just-in-time inventory system, reducing the need for physical storage space and freeing up capital.

Additionally, Amazon provides real-time data and analytics to suppliers and manufacturers, allowing them to make more informed decisions and improve their supply chain processes.

These innovative supply chain management strategies have helped Amazon to establish itself as a leader in e-commerce and have set a new standard for businesses across industries.

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michael and angelo live in florence, italy. they both work as artists. each day michael can produce 10 sculptures or 5 paintings. angelo in one day can produce 6 sculptures or 2 paintings. based on the above information michael's opportunity cost to produce 1 painting is sculptures. michael and angelo live in florence, italy. they both work as artists. each day michael can produce 10 sculptures or 5 paintings. angelo in one day can produce 6 sculptures or 2 paintings. based on the above information michael's opportunity cost to produce 1 painting is sculptures. type your answer...

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Producing 1 painting would cost Michael the opportunity cost of 2 sculptures. This means he would lose his earnings from two sculptures when he choses to make one painting.

Michael can create 10 sculptures or 5 paintings in a single day, as explained. Therefore, he loses two sculptures for every painting he creates. Michael would have to make two sculptures instead of one painting as a result. A sculpture is a three-dimensional structure created by shaping stone or by casting metal or plaster.

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evaluate allen’s business buyer-seller relationship with bayfield. did allen, and thus lawford, have a good buyer-seller relationship with bayfield? why or why not (20 points)?

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A good business buyer-seller relationship is characterized by mutual trust, transparency, and effective communication. This type of relationship is beneficial for both the buyer and the seller as it helps to ensure that the transaction is completed smoothly, efficiently, and with the best outcome for both parties.

To evaluate Allen's business buyer-seller relationship with Bayfield, one could consider factors such as the quality of communication between the two parties, the fairness of the transactions, the level of trust that has been established, and the ability of the parties to resolve any disputes in a timely and effective manner.

If Allen, and thus Lawford, had a good buyer-seller relationship with Bayfield, it would likely result in a positive reputation for Allen, increased business opportunities, and improved financial outcomes for both parties. On the other hand, if Allen's business buyer-seller relationship with Bayfield was not good, it could result in a negative reputation for Allen, decreased business opportunities, and potentially negative financial outcomes.

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What does disruptive selection produce?

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Disruptive selection is an evolutionary force that drives a population apart. The disruptive selection will cause organsisms with intermediate traits to reproduce less, and will allow those organisms with extreme traits to reproduce more. This causes the alleles for the extreme traits to increase in frequency.

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the appropriate form or format used to report an appraisal is most dependent upon

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The appropriate form or format used to report an appraisal is most dependent upon: Standard 2

Standards Rule 2-2 (a) is the reason for each Appraisal Report's substance. There is a rundown of 11 prerequisites in the Appraisal Report and one extra necessity on the off chance that there is a requirement for an extraordinary presumption and/or speculative condition.

SR 2-2 (a) (I): "Express the character of the client, except if the client has explicitly mentioned in any case, express the personality of any intended clients by name or type." In the event that the client's name is classified, it must be uncovered in the work record. Just include other intended clients allowed by the client. It is likewise really smart to express that "there could be no other intended clients."

SR 2-2 (a) (ii): "Express the intended utilization of the appraisal." Recall, the intended use isn't to determine the market esteem. That would be the sort of significant worth as expected by SR 2-2 (a) (v)

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the primary interest of marketers when focusing on a target market is

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When focussing on a target market, marketers are primarily interested in focusing on the demands of a particular potential customer. In actuality, the main goal of marketing is to use messaging to draw customers to your brand.

That messaging ought to be instructive and beneficial to your target market so you can turn demands customers into leads. While marketing has a more general objective, selling only concentrates on sales and profit. Marketing succeeds in making money by satisfying client needs. The ultimate objective of marketing is to increase revenue by ensuring customers pleasure. Marketing is a continuous activity; it is not a static, independent process but rather a complicated, ongoing, and interconnected process.

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when will the first round of tax refunds be issued

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You must review your income tax return after filing. After the IT department has reviewed your request, you will receive a refund.

Most refunds are issued in less than 21 days; beginning on February 28, many EITC reimbursements will be mailed immediately. The IRS anticipates that if a person chooses direct deposit and there are no issues with their tax return, they would normally get their refund within 21 days of electronically completing their taxes.

If you applied for either the Additional Child Tax Credit (ACTC) or the Earned Income Tax Credit (EITC) and you: Online tax return filing. You can to have your refund transferred directly to your account. a lack of knowledge.

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an increase in the price of sugar (an ingredient for soft drinks) and an increased concern about tooth decay caused by the consumption of soft drinks will result in which of the following in the soft drink market? a. equilibrium quantity will increase, but equilibrium price may decrease, increase, or stay the same. b. both the equilibrium price and quantity will increase. c. equilibrium quantity will decrease, but equilibrium price may decrease, increase, or stay the same. d. both equilibrium price and equilibrium quantity will decrease.

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Both the equilibrium price and the equilibrium quantity will decrease.

Why do equilibrium price and quantity decrease in the said scenario?

The increase in the price of sugar and the increased concern about tooth decay will likely lead to a decrease in demand for soft drinks. As demand decreases, the market moves towards a new lower equilibrium price and quantity. This is due to the law of demand, which states that as the price of a good increases, the quantity demanded of that good will decrease, ceteris paribus (all other things being equal). Additionally, the negative health effects associated with the consumption of soft drinks may also cause a decrease in demand, further pushing down both the equilibrium price and quantity.

Hence, the answer is, d. Both the equilibrium price and the equilibrium quantity will decrease.

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How does GDP and GNP affect the economy?

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Both measure the worth of a country's financial movement. The principal contrast is that Gross domestic product estimates efficiency inside a country's geological limits and GNP records financial movement by that nation's residents and organizations, paying little mind to area.

Both measure the worth of a country's financial movement. The principal contrast is that Gross domestic product estimates efficiency inside a country's geological limits and GNP records financial movement by that nation's residents and organizations, paying little mind to area.

The gross public item represents its resident's creations both inside and outside its boundaries. Conversely, total national output estimates the creation of labor and products made inside a nation's lines by the two residents and unfamiliar occupants generally speaking.

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Which kids tv show featured international rescue, an organisation run by the tracy family?

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Thunderbirds featured international rescue, an organisation run by the tracy family.

Thunderbirds is a British sci fi television series developed by Gerry and Sylvia Anderson, produced by AP Films and distributed by ITC Amusement. It was created between 1964 and 1966 using an electronic marionette puppetry technique called "Supermarionation" in conjunction with magnitude model special effects action scenes.

Production ended with the finalisation of the seventh episode of the season 2 after Lew Degree, the Andersons' funder, failed in his contract offer to sell the development program to American network tv. Thunderbirds, set in the 2060s, is a sequel to the earlier Supermarionation films Four Tassel Falls, Supercar, Fireball XL5, and Stingray.

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"Immigrant workers are willing to perform Jobs US workers are not willing to perform," is an example of what type of hypothesis? Multiple Choice Relational hypothesis Descriptive hypothesis
Correlationallypothesis Causal hypothesis

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A correlational hypothesis is a statement that proposes a relationship between two variables. In this example, the hypothesis proposes a relationship between immigrant workers and jobs that US workers are unwilling to do.

Correlational hypotheses are used to test the relationship between two variables. They are used to determine whether any changes in one variable cause changes in another variable. Correlational hypotheses are often used to uncover patterns in data and also to identify trends that are not easily observed. By testing a correlational hypothesis, researchers can examine whether there is a relationship between two variables and, if so, how the variables are related.

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how should biopharma have used its production network in 2013? should any of the plants have been idled? what is the annual cost of your proposal, including import duties?

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Biopharma refers to the branch of pharmaceutical industry that deals with the development, production and marketing of biological products such as vaccines, antibiotics, hormones and other biologic substances used for medical treatment. Biopharmaceutical companies usually have a complex production network with multiple manufacturing sites. In 2013, it was crucial for biopharma companies to make strategic decisions regarding their production network to ensure efficient use of resources, maintain high quality standards and meet market demands.

In 2013, biopharma companies should have used their production network by optimizing the utilization of their manufacturing facilities. This would have involved a careful assessment of the capacities and capabilities of each plant and determining which ones should have been idled based on market demand and production capacity. Idling a plant would have meant temporarily halting production in that facility. This step would have been taken to avoid overproduction and minimize costs.

In addition to idling plants, biopharma companies should have also considered implementing operational and cost-saving measures such as process improvements, energy efficiency measures, and waste reduction programs. This would have helped in reducing the annual cost of production and improve the bottom line.

It is difficult to determine the exact annual cost of such a proposal as it would have varied for each biopharma company and would have depended on several factors such as the size of the company, the number of plants, production capacity, and market demand. The cost would have included not just the expenses related to idling a plant but also the cost of operational and cost-saving measures implemented. Import duties would have also been a factor that would have added to the cost.

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applying age as a basis to identify customers is unethical, as it involves stereotyping. True or False

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True. Using age as a basis for identifying customers can lead to assumptions and stereotypes, and can therefore be seen as unethical. Age should never be the only factor in determining how to interact with or treat customers. It is important to treat all customers with dignity, respect, and without discrimination, regardless of their age.

Customers are people who buy goods or services from a business. Customers play a critical role in business success as they provide the revenue that sustains and grows the company. Businesses aim to attract, retain and satisfy their customers by providing quality products and services, and a positive customer experience.

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Which of these is NOT one of the managerial responsibilities identified in the text?CoordinatingControllingLong-range planningExternal consultingSupervision

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The correct response is D. External consulting. External consulting is managerial responsibilities identified in the text.

An expert in a certain field, a consultant provides individuals and organizations with professional advise in their area of expertise, typically on a temporary or contract basis until a specific need is met. The act of offering a third party expert advice on a subject in exchange for payment is known as consulting. It's possible for the service to include consulting or implementation services. The consultant's duty is fundamentally one of taking an objective, impartial position on a matter. a client can inquire as to whether it would be preferable to purchase a component or manufacture it internally. As an alternative, the consultant can be requested to advise a CEO on whether to stop operating in a certain industry.

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How is uniform-cost search different from BFS?

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Uniform cost search is a type of search algorithm that is similar to Breadth-First Search (BFS). The main difference between uniform cost search and BFS is that uniform cost search uses a cost function to determine its path.

This price function is used to assign a price to each action, and the algorithm then selects the action with the lowest price. This means that the algorithm chooses the path that has the lowest total cost of all the actions taken. BFS, on the other hand, simply expands the nodes in the graph in width without considering the cost. As a result, uniform cost search can be used to find optimal solutions, while BFS may not be able to.

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The ledger of Cheyenne Corp. On March 31, 2019, includes the following selected accounts before adjusting entries. Debit Credit Prepaid Insurance 2,700 Supplies 3,000 Equipment 32,200 Unearned Service Revenue 8,900 An analysis of the accounts shows the following. 1. Insurance expires at the rate of $400 per month. 2. Supplies on hand total $1,200. 3. The equipment depreciates $400 per month. 4. During March, services were performed for two-fifths of the unearned service revenue. Prepare the adjusting entries for the month of March. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. )

Answers

Prepaid expenses are able to be categorized as a current asset because the business has already paid them even though it hasn't yet received the goods and services. By creating adjusting entries, prepaid costs are recognized.

Sr. No       Particulars                                       Debit                  Credit

1)            Insurance Expense                            $400

           Prepaid Insurance                                                           $400

2)           Supplies Expense                             $1800

                Supplies                                                                     $1800

3)       Deprecation Expense                            $400

    Accumulated Deprecation Equipment                                 $400

4)   Unearned Service Revenue                      $3560

           Service Revenue                                                            $3560

Calculation for Supplies expense is Supplies ($3000) minus Supplies on hand ($1200) and calculation for Unearned service revenue is Multiply Unearned service revenue ($8900) by two fifth (0.4). Entries of the month of March will be ready.

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Which of the following statements is true? A. Bondholders usually require a higher return on a bond without a sinking fund clause than one with a sinking fund, everything else the same. B. Bondholders usually require a lower return on a callable bond than a non- callable bond, everything else the same. C. Bondholders usually required a higher return on a senior bond than a a subordinated bond, everything else the same. D. Bondholders usually require a higher return on a secured bond than an unsecured bond, everything else the same.

Answers

Option (a), If everything else is the same, bondholders often demand a larger yield on a bond without a sinking fund clause than one with one.

Do bonds issued by sinking funds have higher yields?

Sinking funds, which are sums of money saved or set aside to pay off bonds or debt, are maintained by companies that issue bonds. Due to the fund's collateral supporting them, bonds issued with sinking funds have lower rates because they carry a lower level of risk.

What function does a bond sinking fund provision serve in a bond issue?

Sinking funds provide additional security to investors when they buy corporate bonds. It is less likely that the debt will default because there will be money set aside to pay off the bonds when they mature. To put it another way, the amount owing at maturity is greatly reduced if a sinking fund is established.

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a shortage occurs whenever

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When the quantity required outweighs the quantity available, shortages arise economically. When this is not the case, it either leads to a surplus or a shortfall since for the market to be in balance, the quantity supplied and the quantity required must be equal.

A Shortage's Operation

In a market that is operating normally, the quantity provided and the quantity sought are in equilibrium at a price determined by market forces. A shortage occurs when there is an imbalance between supply and demand for a good or service. The market is said to be in a condition of disequilibrium when this happens. This circumstance often only lasts a short while before the product is supplied and the market returns to normal.

It should be noted that the terms "shortage" and "scarcity" in economics should not be used interchangeably since while shortages are typically transient and remediable, scarcities tend to be systemic and difficult to replenish.

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which of the following are possible effects on the accounting equation when recording a transaction that increases an asset by $100? multiple select question. a decrease in another asset by $100 a stockholders' equity account decreases by $100 a liability account decreases by $100 a stockholders' equity account increases by $100 a liability account increases by $100

Answers

Option 1,4 are correct. An asset reduces by $100, a liability account grows by $100, or a stockholders equity account increases by $100.

In the accounting equation of a single business transaction, the direct consequences of an increase or enhancement in a liability and a concurrent fall or decline in an asset are not likely outcomes. A transaction that reduces the assets and increases either liabilities or equity is an asset usage transaction.

Equity and assets declined in this asset usage transaction. Equity among stockholders rises due to revenue. This results in an equal rise on both the left and right sides of the accounting equation, maintaining its balance. If you receive cash for a $100 transaction, for instance, assets and stockholders' equity both rise by $100.

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Correct Question:

which of the following are possible effects on the accounting equation when recording a transaction that increases an asset by $100? multiple select question.

1.  decrease in another asset by $100 a stockholders' equity account

2. decreases by $100 a liability account

3. decreases by $100 a stockholders' equity account

4. increases by $100 a liability account increases by $100

a no-load (commission-free) mutual fund has grown at a rate of 11% compounded annually since its beginning. if it is anticipated that it will continue to grow at that rate, how much must be invested every year so that $15,000 will be accumulated at the end of five years?

Answers

To calculate the annual payments for five years, we'll utilise the A/F factor.

Payments per year equal 15000*(A/F,11%,5) = 15000*0.1606 = 2409 (Nearest Dollar)

What are annual payments?

Annual Payments refers to the sum of all payments made by the Fund to the Authority each Bond Year, as specified and calculated in the 2003 Agreement. The Annual Payments are designed to cover all required compensation for any and all Power (including, without limitation, any and all Capacity, Ancillary Services, and Renewable Attributes) required to be delivered to the Purchaser under this PPA during the Term, and the Purchaser and Seller acknowledge and agree that the Purchaser is not required to make any additional payments to the Seller therefor.

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the pragmatic model states that acts are repeated because they result in payoffs. group of answer choices true false

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The statement "the pragmatic model states that acts are repeated because they result in payoffs" is true.

The pragmatic model is a psychological theory that states that behavior is motivated by the consequences or payoffs that follow the behavior. According to the model, when a behavior is followed by a positive consequence or payoff, such as a reward or reinforcement, it is more likely to be repeated in the future. Conversely, when a behavior is followed by a negative consequence or lack of payoff, it is less likely to be repeated in the future.

This theory is based on the idea of operant conditioning, which states that behavior can be strengthened or weakened by the consequences that follow it. The pragmatic model suggests that individuals will repeat behaviors that lead to positive outcomes and avoid behaviors that lead to negative outcomes, in order to increase their chances of success and maximize rewards.

The pragmatic model has been widely applied in fields such as education, organizational behavior, and therapy, and is used to help individuals and organizations understand and modify behavior by manipulating the consequences that follow specific actions.

In conclusion, the statement "the pragmatic model states that acts are repeated because they result in payoffs" is true. This psychological theory states that behavior is motivated by the consequences or payoffs that follow the behavior, and that individuals will repeat behaviors that lead to positive outcomes and avoid behaviors that lead to negative outcomes.

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when doing business in china, it is important to show all except

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When doing business in China, it is important to show respect for local customs, traditions, and social norms.

However, there are certain behaviors or actions that should be avoided to prevent offending or alienating potential business partners.

One behavior that should be avoided when doing business in China is showing aggression or impatience. This is because the Chinese place a high value on maintaining harmonious relationships and avoiding conflict.

Being aggressive or impatient can be perceived as a sign of disrespect and can harm the prospects of forming a positive business relationship.

It's also important to avoid discussing sensitive political or cultural topics, as these can be divisive and could damage the relationship. Additionally, avoiding public displays of affection, as well as avoiding direct criticism of others, are important considerations in order to show respect for local norms and customs.

In conclusion, when doing business in China, it is important to show respect for local customs and norms, and to avoid behaviors that could offend or alienate potential business partners.

By demonstrating sensitivity and cultural awareness, businesses can increase their chances of success in the Chinese market.

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MPI Incorporated has $9 billion in assets, and its tax rate is 35%. Its basic earning power (BEP) ratio is 13%, and its return on assets (ROA) is 6%. What is MPI's times-interest-earned (TIE) ratio? Do not round intermediate calculations. Round your answer to two decimal places

Answers

MPI Incorporated manufactures industrial machinery and gear. The Company offers automation, wax, ceramic, and gems injection gear, as well as spare parts. MPI gives framework process control, maintenance, and backing services. MPI serves customers around the world.

= BEP ratio=EBIT/Total assets

= EBIT=(9*13%)=$1.17 billion

= ROA=Net income

MPI is headquartered in Poughkeepsie, NY, and is pleased to be able to stamp all of their gear with the "Gladly Made in America" moniker. Inside its great facility, there exists a completely functioning laboratory, display area and production facility to demonstrate our state-of-the-art wax room gear. We also boast a full training place to give ongoing training classes to handle engineers, machine operators and maintenance staff, available to our whole global customer base.

MPI also offers noteworthy pattern injection and pattern assembly capabilities. Pattern production is mutually beneficial because it allows the customer an opportunity to reap the benefits of the interaction without the initial obligation to purchase. It also allows MPI to clearly see opportunities for enhanced gear plan.

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Which of the following are delivered after the completion of planning phase?
A.) Code, documentation, training procedures, and support capabilities
B.) Functional, detailed specifications of all system elements
C.) Description of all functional features of the proposed system
D.) Description of current system and where problems and opportunities are with a general recommendation on how to fix, enhance, or replace current system

Answers

A description of the current system and where problems and opportunities are with a general recommendation on how to fix, enhance, or replace the current system is delivered after the completion of the planning phase. So, option D is correct.

During the planning phase, the project manager works with the team to create the technical design, task list, resource plan, communications plan, budget, and preliminary timeline for the project. The project manager also defines the stakeholder group's and project team's roles and duties. Continuous iterative project planning is possible throughout the entire undertaking.

For jobs that are due within the next two months, it might not be important to plan as carefully as it might be for tasks that are due in more than two to three months. However, these plans should be reviewed and adjusted each month until the project is complete. The project's size, complexity, and level of risk will all have an impact on how often iterative planning is done.

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TRUE/FALSE. the success of a growth strategy depends on the firmâs ability to necessary to sustain its intended growth.

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TRUE. The capacity of a corporation to sustain its targeted expansion is critical to the success of a growth strategy. This means that a company's resources, systems, processes.

and organizational structure must be in place to support and sustain its targeted level of growth. If a firm sets a target of increasing sales by 50% in the following year, it must have the systems and procedures in place to manage the additional volume of business while maintaining customer satisfaction. Increasing employee levels, strengthening supply chain management, investing in technology and infrastructure, and producing new goods or services are all examples of this. A corporation will be unable to properly execute its expansion strategy until these core pieces are in place, and will likely face problems like as reduced productivity, higher expenditures, and consumer discontent. Thus, before beginning on a growth plan, organizations must examine their present resources and capabilities and ensure that they have the required systems and procedures in place to support their anticipated development.

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the industry standard supported by all major dbms that allows tables to be joined together is called

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SQL (Structured Query Language) is the industry standard supported by all major database management systems (DBMS) that allows tables to be joined together.

What is meant by Structured Query Language?Some key points about SQL include:It is a programming language used to manage and manipulate data stored in relational databases.It allows you to insert, update, and delete data in a database, as well as retrieve data from it.The main use of SQL is to perform operations on database tables, such as selecting data from them, joining tables together, and aggregating data.SQL supports various data types, including numbers, strings, and dates, and provides built-in functions for performing operations on data, such as mathematical operations and string manipulation.It is widely used by businesses, organizations, and individuals for data management and analysis.SQL is supported by all major relational database management systems, including Oracle, Microsoft SQL Server, MySQL, and PostgreSQL.There are various versions and implementations of SQL, each with its own unique features and capabilities.

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businesses that do not attract investors, but allow their owners to live the way they want to live are called select

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Businesses that do not attract investors, but allow their owners to live the way they want to live are called lifestyle businesses.

What is a  lifestyle business?

A lifestyle business is one that is driven by a person's passion and makes enough money to enable the owner to work remotely and live comfortably. Forming a sole proprietorship, LLC, or corporation that makes enough money to support the lifestyle you desire to live is the only requirement for a lifestyle business. Therefore, each entrepreneur has a different idea of what a lifestyle business actually looks like. Starting a business in the lifestyle niche could entail developing and selling digital photo editing courses, working as a freelance product designer for different companies, building an online following in the productivity sector, becoming an independent software developer who develops niche apps, or starting an online store that sells home goods through dropshipping.

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price discrimination leads to a ____ price in the market with a ___ demand

Answers

Price discrimination leads to a lower price in the market with a more elastic. demand

What is price discrimination and its degree?

Price discrimination is a pricing tactic used by businesses and sellers to compete. Price discrimination occurs when different prices are charged to different clients for the same product or service. It is typically employed by larger, more established enterprises to profit on variances in consumer supply and demand. Price discrimination is a sales tactic in which the same product or service is sold at different prices to different clients. Selling a product at the precise price that each consumer is willing to pay is an example of first-degree price discrimination. Second-degree price discrimination targets certain groups of customers with reduced pricing made achievable by bulk purchasing. Third-degree price discrimination varies rates based on the demographics of a client group.

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What do managers do?

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A manager is responsible for the basic function of an organization: planning, organizing, staffing, leading, and controlling.

A Manager supervises team members in a specific department to ensure that it is operating efficiently. They are primarily responsible for hiring and training staff, developing and implementing corporate strategy, and distributing tasks to team members.

At its most basic, a manager should conducts five general functions: planning, organizing, staffing, leading, and controlling.

Managers participate in operational planning and budget planning procedures, actively determining what should be done, in what sequence it should be done, and what resources are needed to achieve the plan's goals. Remember that this is not a personality competition. What is vital and what may not be as important is determined by the strategic plan and its unique objectives.

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