<span>The importance of management is based upon the </span>economical and effective strategic planning & regulation of operations of an enterprise to fulfill the given purposes.
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The agency would be described as partially disclosed. A partially disclosed happened because Philip has been notified that Faye is representing someone, but has no notice of Robert’s identity. In here, <span>Faye is liable to Philip even if she did not disclose the identity of Robert, but, she has a right to be refunded for any losses suffered due to Robert’s default.</span>
Answer:
Critical path = A-D-F-H
Duration = 22
Explanation:
Given:
Activity A B C D E F G H
Time 5 3 7 6 7 3 10 8
The objective is to identify the critical path and to find the time needed to complete this project
Solution:
The possible paths are as follows,
A-C-H = 5+7+8 =20
A-D-F-H = 5+6+3+8 =22
A-D-G = 5+6+10 = 21
B-E-G = 3+7+10 = 20
B-E-F-H = 3+7+3+8 = 21
a)
Critical is the path with the longest duration
Critical path =A-D-F-H
The duration is 22
b)
The duration to complete the project is as follows,
Duration = Length of critical path = 22
Answer:
12.5
Explanation:
Money multiplier gives the maximum amount money supply can increase to given the reserve ratio
Money multiplier = 1 / r = 1 / 0.08 = 12.5
A budgeting procedure that includes the enter and negotiation of numerous layers of control describes the control philosophy of Participative budgeting.
The required details for Participative budgeting in given paragraph
Participative budgeting is a procedure below which humans impacted with the aid of using a price range are actively concerned within side the price range advent procedure. This method offers lower-stage managers a more feel of possession within side the ensuing price range. A basically participative price range does now no longer take high-stage strategic issues into account, so control desires to offer personnel with hints concerning the general path of the business enterprise and the way their man or woman departments suit into it. When participative budgeting is used for the duration of an business enterprise, the initial budgets paintings their manner up via the company hierarchy, being reviewed and probably changed with the aid of using mid-stage managers alongside the manner.
Advantages of Participative Budgeting
This bottom-up method to budgeting has a tendency to create budgets which might be greater workable than are top-down budgets which might be imposed on a business enterprise with the aid of using senior control, with tons much less worker participation.
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