A firm is considering adding a second secretary to answer phone calls and make appointments. The cost of the secretary will be $10/hour and she will work 200 hours each month
If each new client adds $400 of profit to the firm, how many clients must the secretary arrange for the firm to break even?
BEP= 10(200 )/(400 ) = 5 clients per month
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Answer the following statement(s) true (T) or false (F)
1. Creating a high-performance work system is similar to traditional management practices because both treat decision making about technology, organization structure, and human resources as unrelated. 2. An organizations HR department makes most decisions about organizational structure. 3. The reward systems of an organization include the performance measures by which employees are judged and the methods of measuring performance. 4. High-performance work systems are characterized by high employee turnover. 5. Themost popular way to empower employees is to design work so that it can be performed by individuals.
Retaining current customers is more expensive than gaining new customers
Indicate whether the statement is true or false