Answer:
2.09
Explanation:
Asset ratio is a business tool used to measure the efficiency of assets towards sales generation by comparing net sales to average total assets.
It is calculated by dividing the net sales by average total assets.
The average total assets is used in order to make allowance for fluctuation in the course of business year
<u>Workings</u>
Net sales = $217550
Opening total asset = $94200
Closing Total assets = $ 113500
Asset ratio turnover = 217550/(94200+113500)/2
=2.09
Sociotechnical systems theory, quantitative management, organizational behavior, and systems theory are all examples of scientific management approaches to management.
<h3>What is
scientific management?</h3>
Scientific management is a theory that analyzes how workflows this is to improve the efficiency of the economy.
- It includes logic, rationality, sociotechnical systems theory, quantitative management, and organizational behavior.
Therefore, sociotechnical systems theory, quantitative management, organizational behavior, and systems theory are all examples of scientific management approaches to management.
For more details on scientific management kindly check brainly.com/question/13191706
Answer: True
Explanation:
Philanthropists such as Bill Gates try to help the less-advantaged members of society by giving their time and / or raising and donating money to them to make their lives easier.
These philanthropists believe that doing so amounts to social responsibility and that such efforts should be carried out through organized, tax-deductible charity and stewardship which has led many to accuse some philanthropists of only doing good to avoid taxes.
The benefits of adopting ABC/ABM are higher for companies in competitive markets because <u>accurate product cost info is essential and ABM can pinpoint opportunities for cost saving.</u>
A competitive marketplace is a structure in which no single purchaser or manufacturer has the electricity to influence the market. Its response to delivery and demand fluctuates with the supply curve, an illustration of a product's quantity.
The 4 popular styles of market systems encompass the best competition, oligopoly market, monopoly marketplace, and monopolistic competition.
In economics, in particular trendy equilibrium theory, a really competitive marketplace, additionally known as an atomistic marketplace, is defined by way of numerous idealizing situations, together known as perfect opposition, or atomistic opposition.
Learn more about competitive markets here brainly.com/question/8753703
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