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2 years ago

Setting standards, measuring performance, and comparing performance to standards are the:_____.

Business

1 answer:

pychu [463]2 years ago

6 0

Setting standards, measuring performance, and comparing performance to standards are the parts of controlling.

Control is a management function that aids in error detection and the implementation of corrective measures. This is done to reduce departure from standards and make that the organization's stated goals are met in the desired way.

Controlling is a management function that aids in obtaining desired results from employees at all organizational levels, including managers and subordinates. The managing function aids in tracking advancement toward corporate objectives, identifies deviations, and suggests necessary remedial action.

Learn more about controlling here

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Smoking levels: According to the Centers for Disease Control and Prevention, the proportion of U.S. adults age 25 or older who s

marusya05 [52]

Answer:

the null hypothesis is: The proportion of U.S. adults age 25 or older who smoke is 0.22

Explanation:

A null hypothesis is presumed to be true until evidence proves the contrary. Statistical data nullifies it for an alternative hypothesis.

In this case, the null hypothesis is: The proportion of U.S. adults age 25 or older who smoke is 0.22

The hypothesis that has to prove it is different is: the proportion of U.S. adults age 25 or older who smoke is lower than 0.22

7 0

4 years ago

A firm has the following cost and marginal cost functions: Upper C left parenthesis q right parenthesis equals 64 plus q square

velikii [3]

Answer: Minimum efficient scale is 8 units.

Explanation:

Given that,

Cost function: C(q) = 64 + $q^{2}$

Marginal cost function: MC = 2q

Average cost: AC = $\frac{C(q)}{q}$

= $\frac{64 + q^{2}}{q}$

= $\frac{64}{q} + q$

The minimum efficient scale is at a point where MC = AC

2q = $\frac{64}{q} + q$

$q^{2} = 64\\q = \sqrt{64} \\q = 8$

Therefore, minimum efficient scale is 8 units.

8 0

3 years ago

Productivity is a ratio between the inputs and outputs for which a manager is responsible. function of the number of inputs and

timurjin [86]

Answer: Option (a) is correct.

Explanation:

Correct Option: a ratio between the inputs and outputs for which a manager is responsible.

The productivity refers to the value of output that is produce by a factor of production (For example; labor). It is also tell us about the efficiency of a person or any other factor of production for completing a particular work. Productivity grows as the output increases at a faster rate than the inputs.

5 0

3 years ago

In the social class model developed by Gilbert and Kahl, members of the __________ have earned most of their money during their

Alexxandr [17]

Answer: Lower -Upper Class

Explanation:

The lower‐upper class are those who acquired money from investments or business. They are also professionals who went to the highest level of school and by perseverance and hard work are living good lives.. They clude entrepreneurs, presidents of major corporations, sports entertainment celebrities, and top-level professionals also are doctors, accountants, engineers, lawyers.

They are part of the Upper class system who have money that they can spend although they are lower than the Upper-Upper Class who were born into extreme wealth. These people live in great neighborhoods, mingle with like minds and send their children to the finest schools.

5 0

3 years ago

The following trial balance was extracted from the books of Kalekeno, a sole trader, at 31st Dec2018:

vesna_86 [32]

Answer:

Stock DEC 31st 2017 23,680

Carriage outward 2,000

Carriage inwards 3,100

Returns 2050 3,220

Purchases and sales 118,740 186,000

Salaries and wages 38,620

Rent 3040

Insurance 780

Motor expenses 6,640

Office expenses 2160

Lighting and heating expenses 1,660

General expenses 3140

Premises 50,000

Motor vehicles 18,000

Fixtures and fittings 3,500

Debtors and creditors 38,960 17,310

Cash at bank 4820

Drawings 12,000

Capital 126,360

332,890 332,890

Additional information

i) Closing stock was valued at ksh 29,460 as at 30th June 2018

ii) Mr kalekeno took part of the stock amounting to ksh 3000 for personal use

iii) Salaries and wages amounting to ksh 8,000 were pre-paid and ksh 360 of motor expenses accrued

iv) Bad debts written off amounted to 860

v) Depreciation is to be provided for as follows:

 Premises at 20%

 Fixtures and fittings at 15%

 Motor vehicles at 25%

All of a above asset were depreciated at cost

a) The income statement for the year ended 30 th June 2018 ( 5marks)

b) The statement of financial position (5 Marks)

Explanation:

7 0

3 years ago