Answers
Explanation:
Drucker was a famous writer and professor who directly influenced modern management. His influence on management was so significant that he is also known as the father of management.
The main pillar of his studies is to recognize that the greatest resource of any organization is people.
Three of the pillars of Drucker's studies are: decentralization, which establishes greater flexibility in organizational management, where there is the inclusion of employees in decision making related to their role.
Drucker's second pillar concerns effective leaders, who according to him are those who motivate their team through inclusion, responsibility for their actions and focus on organizational opportunities, which translates into assertive leaders who make the organizational environment driven by action development, innovation, inclusion and productivity.
And finally, the importance of innovation, which comes from joint efforts of consistent work and which is essential for a company to remain competitive and well positioned in the market.
Related Questions
Marks Corporation has two operating departments, Drilling and Grinding, and an office. The three categories of office expenses are allocated to the two
operating departments using different allocation bases. The following information is available for the current period:
office Expenses
Salaries
Depreciation
Advertising
Department
Drilling
Grinding
Total
Total
$ 56,000
35,000
69,000
Number of employees
1,600
2,400
4,000
The amount of salaries that should be allocated
Allocation Basis
Number of employees
Cost of goods sold
Percentage of total
sales
Sales
$.392,000
588,000
$ 980,000
Ginting for
Cost of goods sold
$ 144,400
235,600
$ 380,000
Answers
The total amount of office expenses allocated to the Drilling department is $43,166, option (b) is correct.
The allocation of office expenses to the Drilling department is based on the allocation bases provided in the problem, which are the number of employees and the cost of goods sold.
Salaries allocation rate = $42,000 ÷ 3,000 employees
= $14 per employee
Depreciation allocation rate = $22,000 ÷ $250,000 cost of goods sold
= 0.088 or 8.8% of the cost of goods sold
Advertising allocation rate = $45,000 ÷ $850,000 net sales
= 0.0529 or 5.29% of net sales
Using the allocation rates, the amount of office expenses allocated to the Drilling department is:
Salaries = 1,200 employees × $14 per employee
= $16,800
Depreciation = $95,000 cost of goods sold × 8.8% allocation rate
= $8,360
Advertising = $340,000 net sales × 5.29% allocation rate
= $18,006
Total amount = $16,800 + $8,360 + $18,006
= $43,166
Hence, option (b) is correct.
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The complete question is:
Marks Corporation has two operating departments, Drilling and Grinding, and an office. The three categories of office expenses are allocated to departments using different allocation bases. The following information is available for the current period.
The amount of the total office expenses that should be allocated to Drilling for the current period is:
a. $35,750
b. $43,166
c. $54,250
d. $90,000
What describes the relationship between edge computing
and Cloud computing?
Answers
The relationship between Edge computing and cloud computing is a that edge computing is a subsection of cloud computing. Cloud computing is about hosting applications in a core data centre whlie edge computing is about hosting applications closer to end users either in smaller edge data centres.
What is computing?Computing can be defined as the use of a computer to process data or perform calculations. Computing may encompass the design and development of software and hardware systems for a broad range of purposes often structuring processing and managing any kind of information
Therefore edge computing is a subsection of cloud computing
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Identify effective decision making techniques?
Answers
Answer:
Step 1: Identify the decision. You realize that you need to make a decision. ...
Step 2: Gather relevant information. ...
Step 3: Identify the alternatives. ...
7 STEPS TO EFFECTIVE.
Step 4: Weigh the evidence. ...
Step 5: Choose among alternatives. ...
Step 6: Take action. ...
Step 7: Review your decision & its consequences.
Alfred Home Construction is considering the purchase of five dumpsters and the transport truck to store and transfer construction debris from building sites. The entire rig is estimated to have an initial cost of $125,000, a life of 8 years, a $5000 salvage value, an operating cost of $40 per day, and an annual maintenance cost of $2000. Alternatively, Alfred can obtain the same services from the city as needed at each construction site for an initial delivery cost of $125 per dumpster per site and a daily charge of $20 per day per dumpster. An estimated 45 construction sites will need debris storage throughout the average year. If the minimum attractive rate of return is 12% per year, how many days per year must the equipment be required to justify its purchase?
Answers
Answer:
If the total number of days per year is 1,419 or less, then the company should obtain the services from the city. But if the total number of days per year is 1,420 or more, then the company should purchase the equipment.
Explanation:
alternative 1:
initial outlay = $125,000
useful life 8 years
depreciation per year = ($125,000 - $5,000) / 8 = $15,000
costs:
$40 per day
maintenance $2,000 per year
total annual costs = $40x + $2,000
alternative 2:
$125 x 45 sites = $5,625
$20x
total annual costs = $5,625 + $20x
how large does x need to be in order for alternative 1 to be better using a 12% discount rate
cash flows
year 0 = ($125,000)
year 1 = $40x + $2,000 - $5,625 - $20x = $20x - $3,625
year 2 = $20x - $3,625
year 3 = $20x - $3,625
year 4 = $20x - $3,625
year 5 = $20x - $3,625
year 6 = $20x - $3,625
year 7 = $20x - $3,625
year 8 = $20x - $3,625 + $5,000 = $20x + $1,375
I used the present value of an annuity formula, to determine the value of cash flow:
the PV annuity factor for 12% and 7 periods is 4.5638, so:
24,756.20 x 4.5638 = $112,982
$29,756.20 / (1.12⁸) = $12,018
total = $125,000
$20x - $3,625 = 24,756.20
$20x = $28,381.20
x = $28,381.20 / $20 = 1,419.06 days (including all 45 sites)
That means that if the total number of days per year is 1,419 or less, then the company should obtain the services from the city. But if the total number of days per year is 1,420 or more, then the company should purchase the equipment.
• What does control mean for a business? What do companies have to do to be in control?
Answers
Control in a business refers to the ability to monitor and regulate operations, finances, and resources to ensure that goals are met and risks are minimized. To be in control, companies need to establish effective systems, policies, and procedures to govern their activities.
Control is an essential aspect of running a successful business. It involves having a clear understanding of what needs to be achieved, what resources are available, and how they will be utilized. Companies must establish policies and procedures that govern their activities and provide a framework for decision-making. This includes setting goals and targets, monitoring progress, identifying risks and opportunities, and taking corrective action as needed. Effective control systems also ensure that the company complies with laws and regulations, manages financial risks, and protects the interests of stakeholders.
To be in control, companies must establish a culture of accountability, transparency, and risk management. This involves defining roles and responsibilities, establishing clear lines of communication, and ensuring that employees understand the company's goals and objectives. Companies must also invest in training and development to ensure that employees have the necessary skills and knowledge to perform their roles effectively. In addition, regular monitoring and review of performance data can help companies identify areas for improvement and take corrective action as needed.
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the communication strategy to reduce resistance to change should be applied when the change must occur quickly with little financial cost. True or False
Answers
The statement the communication strategy to reduce resistance to change should be applied when the change must occur quickly with little financial cost is false because communication is the initial method for overcoming opposition to change.
You already understood that communication is essential. Try allowing your employees to start the dialogue. People want to be heard, and giving them the opportunity to do so will help reduce their unhappiness with the situation. The inability to adapt to change when it is presented is referred to as resistance to change.
Employees' unwillingness to adjust to organizational changes might be either overt or subtle. This might range from vocally voicing their opposition to unwittingly rejecting change through their language or general actions.
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Total (10 marks) QUESTION TWO Amani Ltd. Manufacturers a single product. Currently, the company has eight employees who produce a total of 3,000 units of the product in a 40-hour week The hourly rate of pay for all the employees is sh. 300 In an effort to improve productivity and thus increase output in the normal 40- hour week, an incentive scheme has been suggested. The scheme which the eight employees have agreed to over a one month trial period, provided for differential piecework payments in addition to reduced basis rate per hour. Additional information: 1. Basis hourly rate in sh. 200 per hour. 2. Different piecework rates - first 3,000 units of output in a week - sh. 2.80 per unit output of 3,001 units to 3,600 units a week - sh. 3.40 per unit output over 3,600 units in a week - sh. 4.50 per unit 3.In the first week of the trial, total output was 3.700 units in the 40 hours worked. Required: a) For existing time rate payment system, determine:
Answers
What are examples of professional organizations? Select four options.
American Institute of Architects
Business Professionals of America
DECA
American Medical Association
Screen Actors Guild
American Society of Mechanical Engineers
SkillsUSA
Future Educators Association
Answers
1. American institute of architects
2. American medical association
3. Screen actors guild
4. American society of mechanical engineers
you are very welcome!
The examples of the best professional organizations are American Institute of Architects, American Medical Association ,Screen Actors and Guild American Society of Mechanical Option(a),(c),(d) and (e) are correct.
What are Professional organizations?A Professional organization, some of the time alluded to as a professional affiliation or professional body, exists to propel a specific calling, support the interests of individuals working in that calling and serve the public great.
A Professional Organization is endowed with regulating the genuine act of the occupation. Numerous such organizations are engaged with looking at the abilities important to rehearse a calling and conceding an endorsement to mean that the said individual is qualified in that branch of knowledge.
Numerous professional bodies are engaged with certifying degrees, characterizing and looking at the abilities and capabilities important to rehearse an individual, and conceding professional certificates to show that an individual is qualified in the branch of knowledge. Here and there enrollment of a professional body is inseparable from confirmation, however not dependably. Participation of a professional body, as a lawful necessity, might in certain callings at any point structure the essential proper reason for acquiring passage to and setting up training inside the calling.
Therefore Option(a),(c),(d) and (e) are correct.
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Explain the reason for conducting a sample survey rather than a
full-scale survey
Answers
Answer:
Samples are easier to collect data from because they are practical, cost-effective, convenient, and manageable. It also reduces the time needed to collect and process the data and produce results as it requires a smaller scale of operation.
Explanation:
The reason for conducting a sample survey rather than a full-scale survey is primarily based on cost and time considerations.
Sample surveys are often more feasible and cost-effective than conducting a full-scale survey, especially when the population size is very large.
For instance, in social studies or business research, sample surveys are often conducted to gather information on a particular demographic group or industry sector.
Sample surveys provide an accurate representation of the population under study and allow for the collection of data that can be analyzed to make informed judgments and decisions.
Furthermore, in the economy and accounting fields, sample surveys can provide insight into the demand for certain goods or services, helping businesses adapt to changing market conditions.
While full-scale surveys may be more comprehensive, they may not always be necessary or practical. By using a representative sample, researchers can gather data that is statistically significant and can provide insights into the overall population.
Overall, sample surveys are an essential tool for gathering data in a cost-effective and efficient way.
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Outline the main principles for the consolidation of financial statements. Illustrate your discussion with the use of examples.
Answers
The main principles for the consolidation of financial statements are:
Combine like items of assets, liabilities, equity, income, expenses and cash flows of the parent with those of its subsidiaries;Offset (eliminate): The carrying amount of the parent's investment in each subsidiary; and - The parent's portion of equity of each subsidiary;Eliminate in full intragroup assets and liabilities, equity, income, expenses and cash flows relating to transactions between entities of the group.What should we know about Consolidated Financial Statements?In general, financial statement consolidation necessitates a company integrating and combining all of its financial accounting functions in order to produce consolidated financial statements that show results in standard balance sheet, income statement, and cash flow statement reporting.
The decision to file consolidated financial statements with subsidiaries is usually made on a year-to-year basis and is frequently motivated by tax or other benefits. The criteria for filing a consolidated financial statement with subsidiaries are primarily based on the parent company's ownership of the subsidiary.
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whats considered a fixed assest
Answers
Answer:
see below
Explanation:
Fixed assets are valuable items that cannot be converted into cash quickly. They are assets not meant for sale or consumption up in the current financial year.
Fixed assets are tangible or physical assets used by businesses in the productions or provision of services. They provide long term financial benefits to a business. Fixed assets have a useful life of more than one year. Land, buildings, motor vehicles, plant, and equipment are examples of fixed assets.
Howell Petroleum, Incorporated, is trying to evaluate a generation project with the following cash flows: Year Cash Flow 0 −$ 37,000,000 1 55,500,000 2 −12,000,000 If the company requires a return of 8 percent on its investments, what is the NPV of the project? Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16. Compute the IRRs for this project.
Answers
To compute the IRRs for this project, we can use a financial calculator or Excel's IRR function. In the given case, we get two IRRs because the cash flows change signs twice. Therefore, the project has two possible IRRs: 19.62% and 68.55%.
IRR stands for Internal Rate of Return. It is a financial metric used to evaluate the profitability of an investment. The IRR represents the discount rate at which the net present value (NPV) of all the cash flows from an investment equals zero.
In other words, it is the rate at which the investment earns a return equal to its cost. The higher the IRR, the more attractive the investment opportunity.
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n
What is etiquette?
A. The amount of work an employee completes in a specific amount of time
B. A person's feelings and outlook about something
C. A collection of standards that define proper social behavior in a specific community
D The end result of an employee's work behavior
Answers
Answer: c
Explanation:
Etiquette refers to guidelines which control the way a responsible individual should behave in the society.
Answer:
its c
Explanation:
Which of the following statements is correct? Investing money is the same as putting it into savings. People earn interest and taxes by working at their jobs. Money in a savings account earns interest. All of these choices are correct.
Answers
Investing money is different from putting it into savings, people earn interest on money in a savings account, and taxes are not earned by working at a job but are deducted from income. All of these choices are correct.
1. Investing money is not the same as putting it into savings. When you invest money, you purchase assets such as stocks, bonds, or real estate with the expectation of generating a profit over time. Investing involves taking on risk in the hope of earning a higher return on your money.
2. People do not earn interest and taxes by working at their jobs. Taxes are typically deducted from an individual's income, and interest is earned by depositing money in a savings account or investing it in interest-bearing assets. Income earned through employment is subject to taxation, but it does not directly result in interest earnings.
3. Money in a savings account does earn interest. When you deposit money into a savings account, the bank pays you interest on that balance. The interest rate may vary depending on the bank and the type of savings account you have. This interest is a form of passive income that you earn on your savings over time.
Therefore, the correct statement is that all of these choices are correct.
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The indirect method of calculating depreciation include the
Capitalization method
Market data method
Both a s b
Neither a nor b
Answers
The indirect method of calculating depreciation includes the Capitalization method and Market data method both a and b. The correct option is C.
How depreciation is calculated?The cost of the asset less any salvage value over the course of its useful life is the fundamental formula for calculating depreciation. For accounting and tax purposes, depreciation is handled differently, but the fundamental calculation is the same. One way to lower your business tax bill is to claim depreciation expenses each year.
Depreciation expense must be added back to net income under the indirect method because net income serves as the starting point for calculating cash flows from operating activities. Due to the fact that they do not actually use company cash in addition to depreciation, companies may add additional costs and losses to net income.
Thus, the ideal selection is option C.
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1. Explain how 'Returns to Scale' and 'Law of Diminishing Returns' would affect cost in a manufacturing company.
Answers
Law of diminishing return has a positive relationship with marginal cost
Explanation:
The law of diminishing returns implies that marginal cost will rise as output increases. Eventually, rising marginal cost will lead to a rise in average total cost.
Zang Company had no office supplies on hand at the beginning of the year. During the year, the company purchased $250 worth of office supplies. At the end of the year, $50 worth of office supplies were on hand. How much should Zang Company report as office supplies expense for the year
Answers
Answer:
Hdhdi
Explanation:
You're a web developer for an online furniture retailer, and you've been having a debate with your boss, the marketing director. She's rejecting your proposal to invite customers' product ratings and reviews on the website because she's concerned that negative comments might discourage sales. You argue that customer feedback would enhance the ________ aspect of your customers' shopping experience.
Answers
Answer:
it will enhance the business aspect
What should the government do during a recession?
Answers
During a recession, Like the outstanding Recession that affected exertions markets around the world during the late 2000s and people that nations are actually experiencing due to the Covid-19 pandemic.
Have a negative impact on jobs and those. The terrible influences can see multiplied unemployment (in particular amongst youngsters), modifications in task popularity (from complete-time to part-time or settlement work), or a lower in work hours (quick-time paintings) or wages. they'll additionally cause persistent reductions in a whole generation’s future income.
While the activity insecurity skilled by way of people may additionally impair their physical and mental health. for the reason that the cutting-edge pandemic doesn’t seem like abating within the close to future, what have to governments be doing to assist their labor markets and workers during such a prolonged length of monetary uncertainty.
A recession is a extensive, pervasive, and continual decline in financial interest. Economists degree a recession's duration from the sooner boom's peak to the downturn's trough. Recessions may very last as low as a few months, however the financial device may not get better to its former top for years.
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Which of the following statements are false?
a. Revenue provides only outward flows of cash.
b. Revenue is a subdivision of Assets.
c. Revenue provides an inward flow of cash or accounts receivable.
d. Expenses are part of Total Assets.
Answers
Answer:
a. Revenue provides only outward flows of cash.
b. Revenue is a subdivision of Assets.
d. Expenses are part of Total Assets.
Explanation:
Revenue is the income a business receives from its regular trading activities. It is the money realized from the sale of goods and services to customers. A company may have different sources of revenue such as interests received, sales, or disposal of assets.
Revenue is cash coming to the business or cash inflows. cash outflows is money leaving the company. Expenses are an example of cash outflows.
An attempt to assess the worth of each job relative to other jobs is known as
Select one:
a. job analysis.
b. job evaluation
c. the wage-level decision.
d. performance appraisal.
e. benefit determination.
Can someone help??
Answers
An assessment is often carried out to fine out if someone or someone is performing up to task or doing what is expected.
An attempt to assess the worth of each job relative to other jobs is known as job evaluation.Job Evaluation is simply refered to as a form of stepwise process of knowing the capabilities or worth of one job when compared to another job in the organisation. During this evaluation, the known capabilities of various jobs are thoroughly viewed or assessed so that wages can be paid based upon the worth of the job.
Conclusively, Relative worth is known by based on job description and job specification and as such, job evaluation helps to know wages and salary level for all jobs.
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which one of the following is not an international governing body of a game /sports.
a)IAAF
b)VFI
c)FIH
d)FINA
Answers
VF I(Visual Field Index ) is not an international governing body of a game /sports.
What is a regular visual field index?The VFI can vary from 100% (normal visual field) to 0% (perimetrically blind field). The VFI is less sensitive than the MD to the effects of cataract or diffuse media opacities. VFI is intended for use in estimating rates of progression and staging glaucomatous functional injury.
What is an uncommon visual field test?A test that delivers visual field loss means that vision in some areas is not as sharp as normal. It could be just a small vision lost in a small area, or all vision lost in large spaces. The amount of vision lost and the areas involved are measured by the visual field test.
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Which of the following is the best example of integrity?
OA
Roger's boss takes 2-hour lunches. Roger tells no one.
OB.
Sandra's mistake on a report could be disastrous. She immediately reports the error even
O C.
Don believes it is okay to check his social media accounts at work since no one says it's wr
OD.
Andrea borrows $20 from the company's petty cash fund, which she intends to pay back.
Answers
Integrity is the discipline of being truthful and demonstrating a steadfast and unwavering adherence to high moral and ethical standards. Hence option B is correct .
What is Integrity ?Integrity is defined in ethics as being honest, true, or accurate in one's activities. Being judged by the standards of integrity entails viewing internal consistency as a virtue and recommends that parties holding internally apparent conflicts of values should explain the gap or change their ideas.
This is how integrity can be opposed to hypocrisy. The adjective integer, which means whole or whole in Latin, is where the word integrity first appeared. In this application, integrity refers to the internal sense of "wholeness" derived from traits like honesty and moral rectitude.
An individual is considered to have the virtue of honesty in ethics.if the person acts in accordance with a set of moral standards that are internally consistent. These rules must all consistently follow valid axioms or postulates of logic. When a person's behaviours, beliefs, techniques, measures, and ideals all stem from a single set of fundamental principles, that person is said to have ethical integrity.
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4. Fa-Hien, the Chinese pilgrim, visited India during the
time of
Answers
Answer:
Chandragupta II
..................................
Dane Company budgets total overhead cost of $7,200,000. The company allocates overhead cost based on 100,000 budgeted direct labor hours. The single plantwide overhead rate is:
Answers
The single plantwide overhead rate is:$72 per direct labor hour.
Single plantwide overhead rateUsing this formula
Single plantwide overhead rate= Budgeted total overhead cost/Budgeted direct labor hours
Where:
Budgeted total overhead cost=$7,200,000
Budgeted direct labor hours=100,000
Let plug in the formula=$7,200,000/100,000
Single plantwide overhead rate=$72 per direct labor hour
Inconclusion the single plantwide overhead rate is:$72 per direct labor hour.
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For which of the following situations is the taxpayer not required to file Schedule H - Household Employment Taxes?
Answers
Paid $2,000 to his or her father to help install a new fence out of the following situations is the taxpayer not required to file Schedule H - Household Employment Taxes. The correct option is D.
What is the meaning of household employer?You may be deemed a household employer if you pay wages to persons who work in or near your home. The table below contains a list of workers and whether or not they are considered home employees. A domestic employee may provide services on a temporary or part-time basis.
If you paid cash wages to a household employee who was liable to social security, Medicare, or FUTA taxes, or if you withheld federal income tax, utilize Schedule H (Form 1040).
Thus, the ideal selection is option D.
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Your Question seems incomplete most probably your full complete was:
For which of the following situations is the taxpayer not required to file Schedule H - Household Employment Taxes?
A. Paid $2,400 in wages to a friend’s niece for housekeeping services
B. Paid $2,350 in wages to a neighbor for babysitting in his or her home
C. Withheld $100 in Federal income tax from payments to his or her yard worker
D. Paid $2,000 to his or her father to help install a new fence
10 principles of economics
Answers
The 10 principles of economics were given by Gregory Mankiw.
These principles are:
People face tradeoffs: it means that to get one thing, one has to give up on another thing.The cost of Something is What You Give Up to Get It: it refers to the opportunity cost you incur on doing something else. Rational people think at the margin: considering the marginal cost of the product.People Respond to Incentives Trade Can Make Everyone Better Off: trading helps a country in being self-sufficient and enjoying more goods and services. Markets Are Usually a Good Way to Organize Economic Activity. Governments Can Sometimes Improve Economic Outcomes: Government can intervene to allocate resources efficiently.The Standard of Living Depends on a Country's Production: the standard of living increases as the consumption of goods and services, increases.Prices Rise When the Government Prints Too Much Money: when there's a lot of money flowing the market, it will increase the demand for goods which will increase the cost of goods, ultimately leading to inflation.Society Faces a Short-Run Tradeoff Between Inflation and Unemployment.Learn more about "Principles of economics":
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Which of the following is a plant location methodology that is good for locating a single facility within a set of existing facilities based in distances and volumes of goods shipped?
a. Factor-rating
b. Decision trees
c. Regression Analysis
d. Linear programming
e. Centroid
Answers
Answer:
the answer should be E. centroid
Explanation:
Centroid Method
What is supply and demand?
Answers
Answer:
Supply and demand is an interection between the sellers of a product and the people who want to buy that product. Price is affected by supply and demand in a market. Supply and demand is affected by technology and working conditions.
Demand and supply can be graphed to calculate the best price for a product. The space where the 2 lines meet is the equilibrium price.
An increase in the money supply will also increase which of the following?
A.income
B.supply of gold
C.unemployment rate