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1 year ago

In order for managers to determine the resources needed to achieve their objectives, a(n)?

1 answer:

8 0

A manager and employee agree on precise performance goals, and then a strategy is created to help them be achieved. This approach is known as management by objectives (MBO). Having an effective control system aids in achieving goals. Planning, organising, leading, and controlling are the four primary management activities that have replaced and replaced Fayol's functions over time. In contrast, managers work to apply procedures like organisational structuring and budgeting in order to attain organisational goals. Managers must make judgments to employ resources economically and effectively in order to meet market goals and objectives.

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Name a profession which typically includes an apprenticeship as part of its training program

garri49 [273]

Carpentry has apprenticeship programs.

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3 years ago

The forecast for the third quarter is 2,000 units; the seasonal index for the quarter is 1.18. What are the seasonally adjusted

max2010maxim [7]

Answer:

Forecast for the quarter= Forecast for third quarter * Seasonal Index

Putting values in the equation:

Forecast for the quarter= 2000 units * 1.18= $2360

This forecasting method adjusts the previous period amounts to obtain an amount which reflects the seasonal changes. It is widely used in management accounting to estimate future sales while making budgets.

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3 years ago

A company has the following information: Net credit sales = $400,000 Net income = $100,000 Average total assets = $80,000 Averag

andre [41]

Answer:

The average collection period of the company is 18 days

Explanation:

The formula for computing the average collection period of the company is as follows:

Average Collection period = 365 / Accounts receivable turnover ratio

where

Accounts receivable turnover ratio is computed as:

Accounts receivable turnover ratio = Net credit sales / Average accounts receivable

Putting the values above:

Accounts receivable turnover ratio = $400,000 / $20,000

Accounts receivable turnover ratio = 20

Now putting the values of the Accounts receivable turnover ratio in the formula of average collection period:

Average collection period = 365 / 20

= 18.25 or 18 days

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3 years ago

Ben hired Lewis to drive his car in a race. Tuan, a friend of Lewis, promised to pay Lewis $3,000 if he won the race. Lewis won

qaws [65]

Answer:

Consideration contract.

Explanation:

Consideration is basically the fact that Lewis never offered something in consideration to Tuan for his offer to pay the $3,000, this means that both parties need to have a benefit from the agreement and both should have a detriment, if only one party has a benefit that is considered a gift, and the law can´t force someone to gift something. This is why Tuan claim is correct and he isn´t forced to pay the $3,000 to Lewis.

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3 years ago

Planning to finance higher education helps people prepare for their financial future because it teaches them about

tensa zangetsu [6.8K]

Answer: (D) Investing in their future

Explanation:

According to the given question, the planning for the financial higher education is the process that helps in preparing their specific financial future as it helps in teaches about investing in their future.

We can studying about the higher education as it helps in teaches us about the loan and the funds management so that we can also secure our future by studying the overall process that involve the steps of financial investing in the future.

Therefore, Option (D) is correct answer.

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3 years ago