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2 years ago

Discuss the principles of management. Please help

1 answer:

8 0

The principles of management are scientific principles that enable managers to make organizational decisions, accomplish tasks, and achieve organizational goals.

<h3>What are the principles of management?</h3>

The principles of management enunciated by Henri Fayol enable managers to become efficient and effective include:

Division of Work
Discipline
Unity of Direction
Unity of Command
Remuneration
Scalar Chain
Order
Equity
Initiative
Esprit de Corps
The Degree of Centralization
Authority and Responsibility
Subordination of Individual Interest
Stability of Tenure of Personnel.

These principles of management provide guidance to managers in their decision-making and management activities.

Thus, the principles of management enable managers to make organizational decisions, accomplish tasks, and achieve organizational goals.

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Answer:

4.86%

Explanation:

Given that,

First-class postage for a 1-ounce envelope = 4 cents

On August 1, 2007

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$F=P(1+i)^{n}$

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$\frac{41}{4}=(1+i)^{49}$

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3 years ago

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Explanation:

Given the following :

Estimated manufacturing overhead cost = $550,000

Expected machine-hour to be incurred = 110,000

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Actual machine hour incurred = 120,000

The manufacturing overhead application rate:

Expected manufacturing overhead cost / Expected machine hour to be incurred

= $550,000 / 110,000 machine hour

= $5 per machine hour

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3 years ago

The method by which a message is conveyed between people is called a

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<span>The method by which a message is conveyed between people is called a discussion or a dialogue. The idea here is to allow a certain communication among participants in a back and forth manner.</span>

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4 years ago

Social network marketing is thought of as being earned and is not a strategy for which a company has to pay. False or True

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Answer:

True

Explanation:

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3 years ago

) There is a hotel which has 50 rooms. When the rate is $180/night, all rooms will be booked up. There will be one more room ava

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Answer:

The best rate for the hotel for profit maximization is = 340 $/room

Explanation:

Given that

A hotel room has = 50 rooms

The rate per night = $180

More room are available when the rate is increased by = $10

A maintenance fee of =$20

Now

We find the best rate for the hotel in order to have for profit

Thus,

When no rate increase is found we have the following,

Cost = ( 180 $/room * 50) = $ 9000

Thus,

When there is a rate increase for a room, we have the following

10x $/ room

The new cost becomes = (180 + 10x) $/room * (50 - x)

which is = 9000 = 500x - 180 x - 10x²

= 9000 + 320 x - 10x²

To get the new profit, we have the following :

Thus,

Profit = (New cost) - (cost)

Profit = (9000 + 320 x - 10x²) - (9000)

= 320x - 10x²

By applying maximization

dp/dx = 0 = 320 -10 * 2x = 0

So,

x = 16

Therefore,the best rate for the hotel for profit maximization is = (180 + 10 * 16)

=340 $/room

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3 years ago