Answer:
Continuing performance discussions.
Explanation:
Management by objectives in an organization can be described as the set of strategic actions that will help the company to achieve its objectives and goals.
This management means that management must adopt a system of control and planning where all the constituent members of the organization will work together to define the objectives of the company and then a system of individual goals will be adopted that will consequently assist in achieving the organizational objectives. .
So after implementing a system of guided self-assessment in the organization and reviewing the job description and the main activities that make up the employee's work, the next most appropriate step for Josh would be Discussions on ongoing performance, so that the monitoring and control that will assist in achieving business goals.
Answer:
B) Businesses can actually do very little in terms of social responsibility.
Explanation:
Milton Friedman is most famous for the defense of the Chicago School economics which is a neoclassical approach to macroeconomics. He favored free trade, smaller government and a slow but constant growth of the money supply. I personally disagree with neoclassical economists because they have the tendency to mess things up and time proves they are always wrong (that is a biased but positive statement). He was the father of monetarism, but if you look at his last two disciples, George Bush and George W. Bush, the outcome was not positive ⇒ 3 deep recessions in 3 presidential terms.
As a neoclassical economist, Friedman believed and argued in favor of the trickle down in economics. That means that if you allow the rich to get overwhelmingly rich, their riches will spill over to the rest of society. Not because they are good people that like to share their wealth, but because they need workers and employees to keep consuming goods and services in order to get the economy moving. Eventually the spilled over wealth should return to the top. So it is no wonder why he opposed corporate social responsibility, since wasting time and money in the community, employees or the environment was simply a waste of resources that could be used to increase stockholders' wealth.
I understand how theoretically this might work, but it takes the human factor out of the equation and expectations are extremely important in economics, that is why they always fail.
Rule I is correct.
<u>Explanation:</u>
Year Cash flow Pv at 8% Discounted cash flow
0 100000 1 100000
1 26000 0.9259 24074.074
2 26000 0.8573 22290.809
3 26000 0.7938 20639.638
4 26000 0.7350 19110.776
5 26000 0.6806 17695.163
From the above calculation, the net present value is $203810.46
Option 1 Option 2
NPV 203810.5 200000
Payback 5 years 0 years
IRR No IRR No IRR
NPV (Net present value) option say that former would be selected
So, answer is Rule I only.
Answer:
The 50.30 days are required to take its credit customers to pay for their purchases.
Explanation:
For computing the average collection period, we have to use the formula of the average collection period.
Average collection period = Average accounts receivable ÷ Credit sales × total number of days in a year
= $107,900 ÷ $783,000 × 365
= 0.13780 × 365
= 50.30 days
We assume 365 days in a year
The cost of goods sold is irrelevant. Thus, it is not considered in the computation part.
Hence, 50.30 days are required to take its credit customers to pay for their purchases.
