Based on peter drucker's list of common practices of successful managers, should isabel mcdonald get the newly created executive position.
No, because she focuses on problems and uses intuition.
Based on the intuition, a manager would be made able to make decisions quick and effectively in complex and new situations.
Intuition in the management helps to identify a goal in life as well as in business. It is a part of the subconscious mind and therefore it can help identify dreams which match personal values and goals similarly in any business management it helps in making correct decisions.
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Answer:
Management of a company is responsible for integrity and objectivity of financial statements. It is management's responsibility to comply with all applicable accounting standards while preparing financial statements.
Explanation:
There should be strict internal controls in a company. A company management is responsible to comply with all laws, and prepare financial standards free from errors. There should be no window dressing and information presented should be reliable. A company management is also responsible to maintain effective internal control system.
Answer:
The whole of the $480,000 gained
Explanation:
Barney and Betty are selling their home for $660,000 and the cost incurred is $180,000. Their net profit is 660,000-180,000= $480,000.
However Barney and Beth have lived in the house for 18 months, they have not stated for up to two years, so they do not meet the two year ownership and use test.
All of the gain on the sale will be included as gross income. That is the whole $480,000 gained.
Answer:
$34,500
Explanation:
Depreciation is the systematic allocation of the cost of an asset to p/l based on its estimated useful life.
Assets are initially recorded at cost be carried subsequently at the net book value which is the cost less residual or salvage value then divided by the estimated useful life. Mathematically, using the straight line method,
Depreciation = (cost - residual value)/useful life
let the residual value ( which is the estimated value obtainable from the disposal of the asset at the end of its estimated useful life) be p
4000 = (66500 - p)/8
32000 = 66500 - p
p = 66500 - 32000
= $34,500
Answer:
The model defines how people should ideally make decisions.
Explanation:
A positive statement can be defined as any statement that is typically based on empirical evidence and as such can be tested, proven and verified. Also, a positive statement can be amended or rejected based on evidences that are available.
On the other hand, a normative statement can be defined as any statement that can't be tested, proven or verified because it is judgmental and based on opinions.
The classical model of decision making is a strategic process which assumes that managers (decision makers) are well furnished with large amounts of information and as such are able to practically process the information for decision making.
When the classical model of decision making is said to be normative, this means the model defines how people should ideally make decisions.