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3 years ago

Fayol's Principles of Management provide an accurate description of what managers actually do on the job.

Business

1 answer:

ch4aika [34]3 years ago

6 0

Answer:

b) false

Explanation:

This statement is false, because Fayol's management principles were an administrative methodology that provided for observing the facts of an organization and the experiment, being therefore principles that are unable to provide an accurate description of what managers do in the job.

Its management principles consist of: Division of Labor, authority, discipline, management unit, control unit, Subordination of individual interests to the common good, remuneration, centrality, hierarchy, order, equity, stability, initiative and team spirit.

He believed that this set of principles would lead to more effective management where the company would achieve greater efficiency through structural organization and the control and monitoring of functions.

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Since your first birthday, your grandparents have been depositing $ 1 comma 000 into a savings account on every one of your bir

nika2105 [10]

Answer:

The amount of money in my savings account will be closest to $29,213

Explanation:

A fix Payment for a specified period of time is called annuity. The Compounding of these payment on a specified rate is known as Future value of annuity. In this question $1,000 per year payment for 18 years at 6% interest rate is also an annuity.

We can calculate the amount of saving by calculating the future value of the given annuity.

Formula for Future value of annuity is as follow

Future value of annuity = FV = P x ( [ 1 + r ]^n - 1 ) / r

Where

P = Annual payment = $1,000

r = rate of return = 6%

n = number of years = 18 years

Placing Value in the formula

As on the 18th payment no compounding interest income is accrued yet because grandparent made it now.

Future value of annuity = FV = $1,000 + 1,000 x ( [ 1 + 6% ]^18-1 - 1 ) / 6%

Future value of annuity = FV = $1,000 + 1,000 x ( [ 1 + 0.06 ]^17 - 1 ) / 0.06

Future value of annuity = FV = $29,213

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3 years ago

The dollar value generated over decades of customer loyalty to your company is known as

nlexa [21]

Band equity as it means the commercial value generated by a consumers view of the brand of a service/ product not the product/service they are actually buying
Hope this helps

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3 years ago

Read 2 more answers

Fanatics Company is preparing monthly cash budgets for the first quarter of the year. Monthly sales revenue in this quarter is e

blagie [28]

Answer:

Instructions are below.

Explanation:

Giving the following information:

Sales:

January= $18,500

February= $16,000

March= $11,000.

All sales are made on open credit with 70% collected in the month of sales and 30% collected in the following month.

Cash collection= sales for the month*0.7 + cash from the month before

February:

From february= 16,000*0.7= $11,200

From January= 18,500*0.3= $5,550

Total= $16,750

March:

From March= 11,000*0.7= $7,700

From February= 16,000*0.3= $4,800

Total= $12,500

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3 years ago

True or False. The primacy effect refers to the tendency to recall the items at the beginning and end of a list better than the

fgiga [73]

Answer:

The correct answer is the option: False.

Explanation:

To begin with, the primacy effect, in the fields of psichology and sociology is known as a cognitive bias and is part of a serial-position effect among with the recency effect. Moreover, the term<u><em> refers to the tendency to recall the information at the beginning only</em></u> of a list better that the information in the middle and at the end of that same list.

Secondly, the recency effect is the one that establishes that a person tends to recall the items at the end better that the items at the beginning or middle.

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4 years ago

Limited quantities of resources to meet unlimited wants is a _____.

Serga [27]

Limited quantities of resources to meet unlimited wants is scarcity

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3 years ago

Fayol's Principles of Management provide an accurate description of what managers actually do on the job.​

Fayol's Principles of Management provide an accurate description of what managers actually do on the job.