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2 years ago

A revised ___ should focus on changes in the organization's management, marketing, finances

1 answer:

4 0

A revised IFE Matrix should focus on changes in the organization's management, marketing, finance and accounting, production and operations, research and development (R&D), and management information systems (MIS) strengths and weaknesses.

<h3><u>What is management information systems?</u></h3>

An information system used for decision-making, as well as for the coordination, control, analysis, and visualization of information inside an organization, is known as a management information system (MIS).
In an organizational setting, people, procedures, and technology are all involved in the study of management information systems.
The ultimate objective of using a management information system in a corporate environment is to raise the company's value and earnings.
Enterprise resource planning (ERP), computer science, electrical computer engineering, and information technology management (IT) are all terms that are frequently used interchangeably.
These include management information system (MIS), information management system (IMS), and information system (IS).

A hierarchical subset of information systems is known as MIS. More organizations are focusing on exploiting information technology to enhance business value, which is where MIS narrows in.

Know more about management information systems with the help of the given link:

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Indicate whether each of the following examples of behavior is consistent with the way the traditional economic framework sugges

Sliva [168]

Answer:

Some people would be willing to make a large sacrifice in order to help a loved one = Consistent with the Predictions of Traditional Economic Models.

Some people choose to work fewer hours after receiving a raise at work = Consistent with the Predictions of Traditional Economic Models.

Some people prefer to spend an hour doing a task tomorrow to half an hour doing a task today, although the opportunity cost of their time is the same in both periods = Reserved for Behavioral Economics.

Some people treat $70 they earn differently from $70 they win from a lottery ticket = Reserved for Behavioral Economics.

Explanation:

The behaviors of people generally cannot completely be predicted. However, there are certain suggestions made on the behaviors of people by the traditional economic framework as well as the behavioral economists. These suggestions have been used by different professional to qualify the behaviors of people in a certain way (as illustrated in the answers above).

6 0

3 years ago

LO 4.4How is the predetermined overhead rate applied?

soldier1979 [14.2K]

Answer:

Please see explanation.

Explanation:

Once the factory overhead rate is determined using the estimated amount of factory overhead and estimated base, it is used to charge overhead cost to the jobs, products or work performed.

Since, not all overhead costs are known at the time of making the product, (such as electricity bill is received after the month end) therefore, the estimated rate is used to apply the overhead cost to the job or product using actual activity level. This is called absorption or application of overheads to the products / jobs.

Due to this, at each period end, the management calculates and compares the actual overhead cost with the applied overhead cost and determine the over or under applied overheads.

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3 years ago

Concord Company has completed all of its operating budgets. The sales budget for the year shows 50,640 units and total sales of

marta [7]

Answer

The answer and procedures of the exercise are attached in the following archives.

Explanation

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.

Download xlsx

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4 years ago

Fully explain the differences between the following, using examples: a. Trade-offs and Opportunity Cost b. Normative and Positiv

Natali [406]

Answer: See explanation

Explanation:

a. . Trade-offs and Opportunity Cost.

A trade-off occurs when an increase in a particular thing brings about a reduction in another thing. It involves reducing a particular resource in order to increase another resource.

Opportunity cost is the loss on a potential gain when one chooses something else.

b. Normative and Positive Economics

Normative economics is when the focus of a particular economy is about fairness and what should be right. It is based on the judgement of individuals or their opinions.

Positive statement is a statement that's backed by facts. It is a statement that's said to be true.

c. Consumer Goods and Capital Goods

Consumer goods are the goods that are consumed by individuals in order to satisfy their current wants.

Capital goods are the goods that are used to produce other goods. They are not wanted for immediate consumption but rather used for production process.

d. Resource Markets and Product Markets

A resource market is referred to as a market where a particular business can buy the resources that it need for its production process.

A product market is the market where goods are traded. In such market, one can buy goods like cars, fans, etc

e. Free Market, Mixed and Centrally-Planned

Free market is a market whereby the individuals and the firms are the one controlling the resources in such market. Prices are determined in such market based on the interaction that occurs between the demand and supply. There's minimal intervention from the government in such market.

Command economy can also be called a planned economy and it is the economy whereby the allocation off goods and the services for that economy is down by the government.

Mixed economy is an economy whereby all the economic agents like the individual, the firms and government all play a role in the production and also the distribution of goods and services.

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3 years ago

What are depository and non depository financial institutions? How do they differ?

Katarina [22]

Depository institutions---is a financial institution (such as a savings bank, commercial bank, savings and loan association, or credit union) that is legally allowed to accept monetary deposits from consumers.It contribute to the economy by lending much of the money saved by depositors. financial non depository institutions are financial intermediaries that do not accept deposits but do pool the payments of many people in the form of premiums or contributions and either invest it or provide credit to others. Hence, nondepository institutions form an important part of the economy. These institutions receive the public's money because they offer other services than just the payment of interest. They can spread the financial risk of individuals over a large group, or provide investment services for greater returns or for a future income. Nondepository institutions include insurance companies, pension funds, securities firms, government-sponsored enterprises, and finance companies. There are also smaller nondepository institutions, such as pawnshops and venture capital firms, but they constitute a much smaller portion of sources of funds for the economy Plz rate me best answer I'm trying to get a few of thoughts so iv Ben trying hard to answer very descriptive I am # 2 person yesterday to answer the most questions yesterday

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3 years ago