All categories

1 year ago

What is expected to be a key challenge for managers as they prepare for the twenty-first century and beyond?

Business

1 answer:

likoan [24]1 year ago

6 0

The Key Challenge for Managers is:

The inability to prepare for a world that cannot be predicted by the experiences of the past.

In its most basic form, business uncertainty is any occurrence that a firm cannot foresee or directly control but which may have unfavourable results. It is not to be confused with risk, even if the two notions are similar.

Uncertainty in the business environment can result from changes in the political, technical, economic, and environmental landscape, such as technology advancements, data breaches, natural disasters, or new company rules.

<h3><u>What is an instance of a business that is uncertain?</u></h3>

Because of changes in the economy, business uncertainty is common. the evolution of demand, legislation, technology, etc.

To Learn more about Uncertainty in Business, Click the links.

brainly.com/question/21481719

brainly.com/question/15705977

#SPJ4

You might be interested in

Click and drag the term to correspond with its correct definition. Not all terms will be used. Corporate action in which one com

bagirrra123 [75]

Answer:

Explanation:

Corporate action in which one company buys the assets and obligations of another company and assumes control. - Acquisition

The joining of two or more business entities into a single entity. - Merger

Business entity owned, controlled and operated by a group of users for their own benefit. - Cooperative

Form of business in which one party gives another rights to sell its products or services and use its business format in a certain geographic area. - Franchise

Individual who has shared ownership in a partnership but takes no part in managing it and has limited liability. - Limited Partner

Entity taxed like a sole proprietorship or partnership but maintains benefits of incorporation like limited liability. - S Corporation

An unincorporated business with one owner. - Sole Proprietorship

Business entity with two or more owners who share management and profits or losses. - Partnership

6 0

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

mel-nik [20]

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.

7 0

3 years ago

A business owner who takes risk describes which of the following?

arsen [322]

Answer:

A. sorry if thats wrong!

8 0

3 years ago

Read 2 more answers

Current Position Analysis The following data were taken from the balance sheet of Nilo Company at the end of two recent fiscal y

weqwewe [10]

Answer:

a. net working capital (current year) = $1,170,000

net working capital (previous year) = $800,000

b. current ratio (current year) = 2.3

current ratio (previous year) = 2

c. quick ratio (current year) = 1.91

quick ratio (previous year) = 1.66

Explanation:

net working capital = current assets - current liabilities

current assets = $2,070,000, $1,600,000

current liabilities = $900,000, $800,000

net working capital (current year) = $2,070,000 - $900,000 = $1,170,000

net working capital (previous year) = $1,600,000 - $800,000 = $800,000

current ratio = current assets / current liabilities

current ratio (current year) = $2,070,000 / $900,000 = 2.3

current ratio (previous year) = $1,600,000 / $800,000 = 2

quick ratio = (current assets - inventory) / current liabilities

inventory = $351,900, $272,000

quick ratio (current year) = ($2,070,000 - $351,900) / $900,000 = 1.91

quick ratio (previous year) = ($1,600,000 - $272,000) / $800,000 = 1.66

8 0

2 years ago

Each of the following is mentioned in your textbook as a tip for using statistics except:________ a. use statistics sparingly. b

Lana71 [14]

Answer:

E. avoid using statistics found on the Internet.

Explanation:

Statistics: It is a science of evaluating data collected by using quantified model and presenting the data in a simplified form.

There are six tips of using statistics in our speeches are:

Use statistics to quantify your ideas .
Use statistics sparingly .
Identify the sources of your statistics .
Explain your statistics .
Round off complicated statistics .

Use visual aids to clarify statistical trends.

Hence, it never suggest to avoid using statistics found in the Internet as it is one of the source.

8 0

3 years ago