Answer:
Controling.
Explanation:
Analyzing the above scenario, it is possible to identify that the process of determining the reason for the higher costs and taking measures to reduce those costs is part of an organization's control management process.
It is essential that each company has a well-established control management system, as a way of positively influencing employees in the company and ensuring that all strategic activities and actions are carried out as planned to achieve organizational objectives and goals.
An effective management control process ensures that companies operate more effectively, improving organizational resource management processes, reducing costs and making management more structured and effective so that a company remains competitive and profitable in the market.
If a certain country considered handshakes in business transactions to be taboo and preferred to use nodding, This would be an example of differences in cultural forces. It is an example of differences in cultural customs because it includes <span>customs, lifestyles and values that characterize a society that are different. </span>
Answer:
1.Generally consists of a company's cumulative net income less any net losses and dividends declared since its inception.
Explanation:
Retained earnings is an element of the balance sheet that represents the accumulated net income and losses and the amount paid to the shareholders over the years as dividend.
Each year, the company's net income or loss from the statement of profit or loss is posted into the retained earnings account.
It is an integral part of the owners equity along with ordinary share capital.
As such, retained earnings generally consists of a company's cumulative net income less any net losses and dividends declared since its inception.
Answer: Option (B) is correct.
Explanation:
Given that,
Cost of new economics textbook = $100
Cost of new CD player = $100
Opportunity cost is the benefit that is foregone for an individual by choosing one alternative over other alternatives available to him.
If the opportunity cost is lower for an individual then this will benefit him whereas if the opportunity cost is higher then this will not benefit the individuals.
As the cost of both the products are identical, so the opportunity cost of buying new economics textbook is the enjoyment of the new CD player.
