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2 years ago

Discuss which financial management practices are least effective in creating and monitoring an operating budget?

1 answer:

3 0

The financial management practices which are least effective in creating and monitoring an operating budget include top down/bottom up budgets, poor inventorying, lack of control, over control, and lack of staff investment.

In business, financial management includes the practice of making a business plan and then ensuring that all departments which falls under it stay on track and work properly.

Creating and monitoring an operating budget for the national government involves four distinct processes which are, budget preparation, budget authorization, budget execution and accountability.

Hence, the operating budget helps in keeping track of the income and expenses in an organization.

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Helen, a manager for Marshall Manufacturing, spends much of her time reviewing the global, technological, socio-cultural, compet

Dvinal [7]

Answer:

The statement is: True.

Explanation:

Environmental scanning refers to the analysis companies make of the immediate and further atmosphere that will allow them to spot threats to counteract or mitigate them and opportunities from where the firm can make a profit. Organizations engaging environmental scanning constantly review different mediums of communication and conduct researches that will keep them up-to-date on market fluctuations.

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4 years ago

Contemporary businesses have embraced leaner corporate hierarchies, simultaneously relying on teams, eliminating division walls,

alisha [4.7K]

Answers:

Option a: authentic.

Option A-E of the second question are all correct.they are the characteristics of Persuasion in this digital age.

Option a. All businesses are in the persuasion business

Option b. Persuasion is more complex and impersonal

Option c. Persuasive techniques are more subtle and misleading

Option d: Persuasive messages are slow to engage audiences

Option e. Persuasive messages are targeted to very specific audiences

Explanation:

In business, persuasion is the ability to influence others especially in decision making. Persuasive skills are essential at work as teams and managers leaves traditional command structure and focus instead on influencing others. An individual must be genuinely respectful and authentic that is they are people who are very intuitive and will know any effort to manipulate them. Using authority as a way to persuade does not generate respect. Instead of a blunt,commanding, pushy hard-sell approach, persuaders play on emotions by using flattery, empathy.

Persuasive techniques in the digital age are more subtle and misleading due to the fact that blunt, pushy hard-sell approach, persuaders play on emotions by using flattery, empathy, nonverbal cues, e. t. c which can be more subtle and misleading

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3 years ago

if the federal reserve decided to include virtual money like bitcoins in its measure of the money supply, what would be the effe

viva [34]

If the Fed decided that virtual money should be included in money supply, we would see a situation where both M1 and M2 increase/ rise. 

M1 is:

The most liquid money instruments
Inclusive of cash and close instruments

If virtual money was counted as money, it would increase M1 because virtual money is very liquid as it can easily be converted to cash so it would be counted as M1.

M2 would increase because M1 is part of M2.

In conclusion, both M1 and M2 would increase.

Find out more about M1 and M2 at brainly.com/question/25458814.

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3 years ago

Based on this model, households earn income when (household/firms) purchase (factors/goods and services) in factor markets.

aalyn [17]

The model shows that households earn money when Firms purchase Factors in factor markets.

<h3>Interaction between the Household and a Firm </h3>

Households buy goods from firms thereby passing income to firms.
Firms buy labor from households.

Households therefore earn an income when firms decide to go to the factor market and buy a factor such as labor from households.

In conclusions, households and firms are interconnected.

Find out more on this interaction at brainly.com/question/1433471.

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3 years ago

Uantity of output fixed cost variable cost total cost average fixed cost average variable cost average total cost marginal cost

rjkz [21]

The answer is c 99% right

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3 years ago