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2 years ago

What is principle of management?

Business

1 answer:

Leona [35]2 years ago

3 0

Answer:

principal of management is Techniques are procedures or methods, which involve a series of steps to be taken to accomplish the desired goals. Principles of management are broad and general guidelines for decision-making behaviour.

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A perfectly competitive market has a. only one seller. b. at least a few sellers. c. many buyers and sellers. d. firms that set

Natali [406]

Answer:

c. many buyers and sellers.

Explanation:

A perfect market for competition is a market that has a high level of competition.

It has the following features -

1. With regard to the market, knowledge is great in this rivalry between producer and consumer.

2. Free entry, and exit

3. Deals with same or homogeneous products

4. The sellers and buyers are more in this market

5 0

3 years ago

Suppose two athletes each sign 10-year contracts for $80 million. In one case, we’re told that the $80 million will be paid in 1

marusya05 [52]

Answer:

The athlete with equal installments got the better deal.

Explanation:

Two athletes each sign 10-year contracts for $80 million.

In one case, we’re told that the $80 million will be paid in 10 equal installments.

In the other case, the $80 million will be paid in 10 installments, but the installments will increase by 5 percent per year.

The one with equal installments will get $8 million every year.

But the one with increasing installments will get smaller payments initially as his payments were to be increased by 5% each year.

Though the total value of both the annuities will remain the same.

7 0

3 years ago

Currently, you make one of the components needed for final assembly of your product and you are considering buying the part from

VashaNatasha [74]

Answer:

1. Break even quantity is 18,125 units

2. Cost to make 28,000 units = $ 775,000

3. Total costs to buy 28,000 units = $ 696,000

4. Savings by using low cost option ( buy from outside) $ 79,000

Explanation:

Computation of Break even point

Variable cost to make equipment in house $ 25 per unit

Cost to purchase the unit from outside $ 17 per unit

Differential Cost per unit $ 8 per unit

Fixed costs to be paid to outside supplier $ 220,000

Fixed costs to be incurred in house $ 75,000

Incremental fixed costs $ 145,000

Break even point - Differential in fixed costs / Differential cost per unit

$ 145,000/ $ 8 = 18,125 units

Computation of costs to make 28,000 units

Variable costs per unit - $ 25 per unit

Units to be produced - 28,000 units

Total Variable costs $ 25 * 28,000 units $ 700,000

Fixed costs $ 75,000

Total costs to make 28,000 units $ 775,000

Computation of costs to buy 28,000 units

Variable costs per unit - $ 17 per unit

Units to be produced - 28,000 units

Total Variable costs $ 17 * 28,000 units $ 476,000

Fixed costs $ 220,000

Total costs to make 28,000 units $ 696,000

Computation of savings

Buying 28,000 units $ 775,000

Making 28,000 units $ 696,000

Savings from buying from outside $ 79,000

6 0

3 years ago

Wintertime Company produces the handles which are used in the production of their snow shovels. Wintertime’s costs to produce 60

Firlakuza [10]

Answer:

Option C

Explanation:

There will be 15,000 increase in net income for purchasing the handles from outside supplier as it saves us a cost of 15,000

Cost of manufacturing 60,000 handles = $150,000

If the company purchases it from outside = 2.25 per handle x 60,000 handles = $135,000

fixed factory overheads of $ 25,000 will be still there as additional cost

Additional rental income = 25,000

Outsourcing handles = cost to purchase + fixed factory overhead - rental income

Outsourcing handles = 135,000 + 25,000 - 25,000

Outsourcing handles = 135,000

Net Income effect = Cost of manufacturing - Cost to outsouce

Net income effect = 150,000 - 135,000

Net income effect = 15,000 increase

4 0

3 years ago

Your non-technical manager is delighted with the idea of referring to common vulnerabilities by their nicknames, such as "Heartb

Llana [10]

We all agreed that y 7 is why s

4 0

3 years ago