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2 years ago

____ management encourages managers to make facts and logic the foundation of their approach to decision-making.

1 answer:

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Evidence based management encourages managers to make facts and logic the foundation of their approach to decision-making.

<h3>What is meant by evidence based management?</h3>

This s the term that has to do with the type of management that is more likely involved with the ability of a person to engage in critical thinking. It is the type of management that lays aside feelings and relies instead on the ability of people to think and come up with facts.

Hence we can ay that Evidence based management encourages managers to make facts and logic the foundation of their approach to decision-making.

Read more on evidence based management here; brainly.com/question/24847839

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Suppose the price of a bag of frozen chicken nuggets decreases from $6.50 to $5.75 and, as a result, the quantity of bags demand

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Answer:

Explanation:

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2 years ago

As the prices in markets change, buyers and sellers respond in different ways according to how much time they have to react. Mat

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Answer:

(1) Short run - (A)

(2) Immediate run - (B)

(3) Long run - (C)

In a short run, all the changes occur in an economy are for shorter time period and buyers have little time to respond to these changes. Hence, the demand curve is elastic in nature.

In an immediate run, there will be no time for the consumers to respond to the changes occur in an economy. Suppose there is an increase in the prices of the goods, as a result there will no changes occur in the quantity demanded. Hence, the demand curve is inelastic, means that there is no effect on quantity demanded.

In a long run, there is enough or more than enough time for the consumers to respond to the changes. Hence, the demand curve is elastic in nature.

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3 years ago

According to the World Bank, the 31 wealthiest countries in the world tend to have much lower rates of ________ and much higher

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Answer:

According to the World Bank, the 31 wealthiest countries in the world tend to have much lower rates of Infant Morality and much higher rates of Adult Literacy when compared to the 40 poorest countries.

Explanation:

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3 years ago

Controllable costs for responsibility accounting purposes are those costs that are directly influenced by which of the following

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Answer:

The correct answer is B

Explanation:

Controllable cost is the one which can be altered or changed in the short term and it is considered to be controllable when the decision incur it reside with the person. But if the cost is imposed by the third party on the organization, will not be considered as the controllable cost.

So, it is that cost which is directly influenced by the manager within a stated period of time.

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3 years ago

The company has an opportunity to sell 40,000 additional units at $12 per unit. The additional sales would not affect its curren

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Answer:

$1,576,000

Explanation:

The computation of the combined total net income is shown below:

<u>Particulars Normal volume Additional volume Combined total </u>

Sales $6,000,000 $480,000 $6,480,000

(40,000 × $12)

Less: Costs and expenses

Direct material $800,000 $80,000 $880,000

($800,000 ÷ 400,000 × 40,000)

Direct labour $1,600,000 $160,000 $1,760,000

($1,600,000 ÷ 400,000 × 40,000)

Overhead $400,000 $64,000 $464,000

($400,000 × 16%)

Selling expenses $600,000 $0 $600,000

Administrative

expense $1,028,000 $172,000 $1,200,000

Total costs

and expenses $4,428,000 $476,000 $4,904,000

Incremental

income

(loss) from

new busines $1,572,000 $4,000 $1,576,000

We assume reduced price of $12 per unit instead of $13 per unit

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2 years ago