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3 years ago

What is meant by management being multidimensional

Business

2 answers:

OleMash [197]3 years ago

8 0

Answer:

Management needs to understand the business from diverse perspectives.In other words, individuals forming the top management team must be from works of life representing different areas of the business such that they are give meaningful information on the business which top management camn rely on to pilot the affairs of the business to higher ground

Explanation:

In other words, let us have on the management Enginners,finance professionals,sales experts ,IT gurus e.t.c

REY [17]3 years ago

7 0

Answer:

In a multidimensional organization, the firm uses different criteria on several levels, reported at the same time, to track its performance.

Explanation:

Managers in a multidimensional organization have common goals. The management process prioritizes decision making

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The following transactions occurred during July: Received $960 cash for services provided to a customer during July. Received $3

Serjik [45]

Answer: $1,395

Explanation:

Not all the above can be counted as Revenue so first I will differentiate them to make calculating revenue easier.

a) Received $960 cash for services provided to a customer during July.

- This is Revenue as it was received in payment of work done.

b) Received $3,200 cash investment from K. Peterson, the owner of the business.

- This is an Investment into the business and so is NOT Revenue.

c) Received $810 from a customer in partial payment of his account receivable which arose from sales in June.

- This is NOT Revenue but is the settling of an Accounts Receivables.

d) Provided services to a customer on credit, $435.

- This is Revenue as it is rendered for services provided.

e) Borrowed $6,600 from the bank by signing a promissory note.

- This is NOT Revenue as it was long term borrowing.

f) Received $1,310 cash from a customer for services to be rendered next year.

- This is NOT Revenue as it is Prepaid Revenue.

Adding up those considered Revenue we have,

= 960 + 435

= $1,395

$1,395 is the amount of Revenue in July.

8 0

3 years ago

Read 2 more answers

Zachary Company currently produces and sells 6,800 units annually of a product that has a variable cost of $18 per unit and annu

hichkok12 [17]

Answer:

Zachary Company

a. Selling price per unit = $70

b. Contribution Margin Income Statement, assuming that Zachary invests in the new production equipment:

Sales Revenue $476,000

Variable cost ($16 * 6,800) 108,800

Contribution $367,200

Fixed costs ($276,600 + 9,700) 286,300

Net income $80,900

Explanation:

a) Data and Calculations:

Annual production and sales = 6,800 units

Variable cost per unit = $18

Total variable cost = $122,400 ($18 * 6,800)

Fixed costs = $276,600

Total cost = $399,000 ($122,400 + $276,600)

Annual profit earned = $77,000

Therefore, sales revenue = $476,000 ($399,000 + $77,000)

Selling price per unit = $70 ($476,000/6,800)

4 0

3 years ago

Stacy, a self-employed accountant, currently earns $100,000 annually. Stacy has been able to save 18% of her annual Schedule C n

Vlad [161]

Answer:

Wage Replacement Ratio = $53,000 / $100,000 = 53%

Explanation:

Total Mortgages = $1,500 x 12 = $18,000

Dollar Value Percentage

Salary $100,000 100%

Less: Self-Employment Taxes (11,000) (11%)

Less: Savings (18,000) (18%)

Less: Mortgage Payments (18,000) (18%)

$ 53,000 53%

Wage Replacement Ratio = $53,000 / $100,000 = 53%

3 0

3 years ago

Ask Socrates, Inc., employees are allowed to dress informally. This is an example of a __________ through which organizational c

makkiz [27]

The question is incomplete:

Ask Socrates, Inc., employees are allowed to dress informally. This is an example of a __________ through which organizational culture is transmitted.

A) primary procedure

B) ritual

C) material symbol

D) symbolic act

E) fundamental mechanism

Answer:

C) material symbol

Explanation:

-Primary procedure is a document that indicates employees how to perform a core activity in the business process.

-Ritual refers to a group of acctivities that are performed in a specific way according to an established order.

-Material symbol is a type of non-verbal communication that goes from the employer to the employees that shows the culture of the company.

-Symbolic act is an act that represents an idea without using words.

-Fundamental mechanism refers to a key process that helps people to perform their jobs.

According to this, the answer is that this is an example of a material symbol through which organizational culture is transmitted because a material symbol is a non-verbal form of communication from the employer to the employees and in this case, the company allows employees to dress informally and the organization's culture is communicated through this.

5 0

3 years ago

Assume the U.S. dollar and the Canadian dollar are traded in flexible currency markets.

erica [24]

Answer:

B. Higher interest rates in the United States relative to Canada.

D. Decreasing GDP in the United States than in Canada.

Explanation: A flexible currency market is market where the exchange rate is determined by some economic factors which includes

High interest rate- if the interest rate on the United States is higher than that in Canada most investors will be moved to Borrow money from Canada instead of Borrowing from United States leading to reduced demand for The United States dollar which will lead to depreciation of the United States Dollar.

Decreasing GDP- when the gross domestic product of the United States economy decreases the general productivity level in the United States is decreased which will discourage foreign investors from investing in the United States leading to reduced demand for the United States Dollar.

7 0

4 years ago

What is meant by management being multidimensional​

What is meant by management being multidimensional