Please kindly answer the following questions
The following are correct statements about the effects coming from a Price Floor regulation on a certain market, EXCEPT:
Question 19 options: (Answer is not A)
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A) The regulated price prevailing will be higher than the price in equilibrium. |
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B) A Deadweight loss will be generated |
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C) The consumers will always be worse off |
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D) The producers will always be worse off |
As a result of an expected increase in the price of gasoline in the near future, the followings are likely effects, EXCEPT:
Question 15 options: (Answer is not C)
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A) A shift up of the current supply curve for gasoline. |
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B) A shift up of the current demand curve for gasoline. |
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C) An increase today of the price of gasoline in equilibrium |
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D) A decrease today, but increase tomorrow, of the price for gasoline in equilibrium. |
The following factors could likely Shift Down the Supply Curve for certain good X, EXCEPT:
Question 14 options: (Answer is not A)
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A) A decrease in the cost of labor used in production of good x. |
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B) A technological innovation in production of good x. |
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C) An increase in the market price for an alternative product Pw. |
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D) An increase of subsidies on production of good x. |
The following are correct descriptions about the Supply Curve for certain good X, EXCEPT:
Question 13 options: (Answer is not C)
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A) It is the minimum price producers are willing to accept for any unit produced of good X. |
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B) It reflects the segment of production with decreasing marginal cost. |
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C) Reflects the optimal level of production for any given Px. |
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D) Reflects the producer's decision to produce up to the point where market price equals marginal cost of production. |
The following are correct descriptions of the Demand Curve, EXCEPT:
Question 11 options: (Answer is not A)
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A) It describes the maximum price the consumer is willing and able to pay, given certain preferences, income and prices for other goods. |
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B) Decreasing marginal cost in production can explain the negative slope of the demand curve. |
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C) As price increases, the quantity consumed is expected to decline due to an income and substitution effects. |
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D) The Demand Curve for good x reflects the optimal choice of consumers about Qx given any Px. |
In: Economics
Training and Development at Dorintos Ghana Dorintos Ghana is a
subsidiary of a large confectionery company in South Africa.
Dorintos has preserved its longstanding goodwill as a firm that is
committed to fostering learning and developing all employees All
Dorintos subsidiaries are performing well since the introduction of
their new production equipment worldwide. The headquarters is
however discontent with levels of productivity and employee
performance in the Ghanaian subsidiary. Mr Ampah, the training and
development manager has been tasked to investigate why the
subsidiary is not performing according to expectations. The
Dorintos headquarters has authorized Mr Ampah to ensure that
Dorintos Ghana staff adapts to the new technological innovation and
responds appropraitely to changes in the market.
Mr Ampah is accusing the packing department staff of scheming to
sabotage production as machines are constantly out of order.
Workers on the assembly lines believe management do not care about
their safety and health. Recently, there has been a series of work
accidents on the assembly lines although Dorintos organizes health
and safety training sessions annually. At such training events
employees are updated on the business strategy and past
performance. For most workers these annual training events are an
annoying routine and a waste of time. Workers have complained that
the external training consultants have little or no knowledge of
the company culture and work processes to offer the appropriate
trainings. Workers walked out of the last training session
describing it as outdated and of no learning value. Moreover, they
do not agree with management and Mr Ampah that the performance of
the subsidiary has dwindled. Tensions are high and if the
subsidiary doesn’t revamp soon it will be shut down.
Questions
1. Briefly discuss what you will do to ascertain if the Dorintos
Ghana staff actually need re- training. Why is it important to
ascertain the need for training? (5marks) 2. Identify and quote
pertinent information and evidence from the case study to justify
whether employees need training or not. (5marks) 3. State and
explain the pros and cons of any 2 training methods you can use in
this case (5marks) 4. Suggest and explain 2 suitable final
evaluation methods that suit the training methods you have chosen
above(5marks)
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