False, Planning involves developing goals and preparing various budgets to achieve those goals not controlling
Controlling involves determining if goals have been followed and taking corrective measures
Control is a management feature that helps you check for errors in order to take corrective action. This is done to minimize deviations from standards and ensure that the organization's set goals are achieved in the desired way.
The corporate governance management process is when managers define, measure, improve and manage cost management of their business operations. Control processes allow enterprises to manage changes in their supply chain, customer demand, and other variables that affect their lives.
Learn about controlling function here:brainly.com/question/22691648
#SPJ1
Employees that are not from the parent country or the host nation are known as third-country nationals.
<h3>Who are third-country nationals?</h3>
These are those employees that do not come from the country the company was founded in, or from the country that the company is operating in.
These employees are usually hired based on competence and not due to internal policies dictating that a certain number of nationals or home citizens must be hired.
Find out more on employee hiring policies at brainly.com/question/25907189.
Economists believe that the wants of people are infinite.
<h3>What is want in economics?</h3>
These are the basic needs of people. In the field of economics it is believed that the wants of people are too numerous.
People have so many needs and the resources that are required to fulfill them are limited. This is the concept of scarcity.
Read more on want and scarcity here:
https://brainly.in/question/2337492
#SPJ12
Answer:
1. True
2. False
Explanation:
A perfect competition is characterised by many buyers and sellers of homogenous goods and services. Market prices are set by the forces of demand and supply. There are no barriers to entry or exit of firms into the industry.
In the long run, firms earn zero economic profit. If in the short run firms are earning economic profit, in the long run firms would enter into the industry. This would drive economic profit to zero.
Also, if in the short run, firms are earning economic loss, in the long run, firms would exit the industry until economic profit falls to zero.
An example of perfect competition is the market for farm produce.
I hope my answer helps you
Answer:
$ 2,829,276
Explanation:
The budgeted direct labour cost is going to be based on the budgeted production units.
Production budget = sales budget + closing inventory -opening inventory
Production budget = 46,000 - 140 + 580 = 45,560
Labour budget = Production budget× hours per unit
= 45,560× 2.7 hrs × $23
= $ 2,829,276
