Answer:
False
Explanation:
Management information systems (MIS) are very useful tools that managers can use to obtain information from internal and external sources. The advantage of using management information systems is that they can convert a lot of data into useful information and us it in decision making processes.
But MIS are just one more tool that managers can use, it doesn't replace managers and it doesn't make decisions by itself, its main purpose is to provide useful information that managers can use.
The provision is not enforceable if it is a reasonable estimate of the loss on the breach.
Option - b
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Explanation:
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There are a few solutions for rupture of agreement, for example, grant of harms, explicit execution, rescission, and restitution. In courts of restricted purview, the fundamental cure is an honor of harms.
Since explicit execution and rescission are evenhanded cures that don't fall inside the purview of the officer courts, they are not canvassed in this instructional exercise.
The count of compensatory harms relies upon the kind of agreement that was broken and the sort of misfortune that was caused. Some broad rules are:
Standard measure, The standard proportion of harms is a sum that would permit the no breaching gathering to purchase a substitute for the advantage that would have been gotten if the agreement had been performed.
In situations where the expense of the substitute is theoretical, the no breaching gathering may recoup harms in the measure of the expense caused in playing out that gathering's commitments under the agreement.
Answer:
Market orientation
Explanation:
Market orientation is defined as a philosophy that focuses on identifying consumer needs and implementimg strategies to meet them. A company like Apple designs and produces goods that will satisfy consumer needs.
Market orientation consists of decision-making, market intelligence, culturally based behaviour, strategy, and customer orientation.
Apple conducts in-depth marketing research to determine what customers want. Its electronic devices are constantly upgraded so customers can purchase the newest models.
They are a company focused on market orientation.
Explanation:
Organizational ethics can be defined as a set of values, practices and principles that guide the company's actions and behaviors in the internal and external environment. A company's set of ethics must be shared by each employee, regardless of their hierarchical position in the company.
In commercial and accounting practices, ethics should be the basis for the conduct of professionals, since in this organizational area there is usually fraud in the statement of results, agreements and corruptions for the benefit of themselves and others.
Ethics must be implemented equally in every functional area of a company, as it positively or negatively impacts the organizational results and the attitude of employees. Through ethics as a fundamental principle of a company, it is possible to achieve several benefits, such as:
-
Improved results,
- Greater employee motivation,
- Improved communication,
- More market value.
Answer:
$5,230
Explanation:
Data given in the question
Account receivable balance = $310,000
Credit balance in allowance for uncollectible accounts = $970
Given percentage = 2%
So by considering the above information, the bad debt expense is
= Account receivable balance × given percentage - credit balance in allowance for uncollectible accounts
= $310,000 × 2% - $970
= $6,200 - $970
= $5,230
