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Hatshy [7]
3 years ago
6

In order to perform management functions, a manager must possess the ability to think in abstract terms in order to see the "big

picture." This skill is known as a(n): a. technical skill. b. analytic skill. c. interpersonal skill. d. conceptual skill.
Business
1 answer:
erica [24]3 years ago
7 0

Answer: (D) Conceptual skill

Explanation:

 The conceptual skill is one of the ability that helps in understanding and also visualize the basic idea and also relationship of an organization.

The conceptual skills helps people or the employees of the company for understating the complex situation and also helps in developing the various types of solutions.

According to the given question, the conceptual skills is one of the management skills that has ability to think the various types of abstract concepts.

 Therefore, Option (D) is correct answer.

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Describe the difference between period costs and product costs.
Soloha48 [4]

Explanation:

The period cost is the cost that is incurred with the passage of time. It mainly involves the major portion of the selling and administration expenses like - selling expenses, advertising expenses. It is a fixed cost

While the product cost involves the cost related to the product. It involves direct material cost, direct labor cost, and the manufacturing overhead cost. It is a variable cost

So, the period cost is the operating cost that are expenses when it is incurred

Whereas the product cost is treat as an asset for external financial reporting. First this is recorded as an asset on the balance sheet until asset is sold and then it is transferred to the cost of goods sold i.e expense account

Now on the income statement the product cost or cost of goods sold is subtracted from the sales revenue so that the gross profit could come

Then the period cost is deducted to find out the operating income

Now the classification of the product cost and the period cost are as follows

Shaft and handle of weed trimmer  = Direct material cost

Motor of weed trimmer   = Direct material cost

Factory labor for workers assembling weed trimmers  = Direct labor cost

Nylon thread used by the weed trimmer (not traced to the product)  = Manufacturing overhead cost

Glue to hold housing together   = Manufacturing overhead cost

Plant janitorial wages   = Manufacturing overhead cost

Depreciation on factory equipment   = Manufacturing overhead cost

Rent on plant   = Manufacturing overhead cost

Sales commissions  = Period cost

Administrative salaries  = Period cost

Plant utilities  = Manufacturing overhead cost

Shipping costs to deliver finished weed trimmers to customers = Period cost

3 0
3 years ago
Ben White is the manager of a retail store. His work typically includes the routine, day-to-day interactions with customers and,
lubasha [3.4K]

Answer:

c

Explanation:

because he has to do a little of eveything

3 0
3 years ago
Black Horse deposits $2,000 in cash in his checking account at Bank for the People of West Dakota. The reserve requirement is 25
AfilCa [17]

Answer:

d. $8,000

Explanation:

Reserve requirement = 25% = 0.25

The money multiplier = 1 /Required reserve

The money multiplier = 1/0.25

The money multiplier = 4

The initial deposits = $2,000

The maximum possible expansion of deposits = Initial deposits * The money multiplier  = $2,000 * 4 = $8,000. Thus, the maximum expansion of the money supply possible from the original deposit is $8,000

6 0
2 years ago
At a price of $2,000 per unit, the demand for Rancho 60 mountain bikes from Peyton Bike's Inc. is 300 units, which is the number
MaRussiya [10]

<em>If the marketing managers at Peyton Bike's Inc. decide to sell each bike at a price lower than $2,000 per unit</em><em>, a shortage of bikes will be created.</em>

<h3>Why are bikes in short supply?</h3>

As a result, additional problems like plant shutdowns and disruptions as well as the unheard-of increase in bike orders during the peak of the coronavirus pandemic have added to the supply chain difficulties. The sector has never before experienced such a massive increase in demand as it has over the past two years.

learn more about<em> </em>shortage of bikes here <u>brainly.com/question/13000057</u>

#SPJ4

4 0
2 years ago
Ju Li believes that her sales force should sell in a conventional sense by identifying prospective clients, such as the Coffee C
Lady_Fox [76]

Answer:

C. order getter

Explanation:

Based on the information provided within the question it can be said that this type of salesperson is referred to as an order getter. This is the person focuses on identifying potential customers, giving them information about a product/service, and persuades them into buying what he/she is offering in order to close a sale and gain a loyal customer. Which is exactly what Ju Li believes in doing.

7 0
3 years ago
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