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Levart [38]
3 years ago
6

Which step in developing a mission statement requires you to think about who is affected by your organization and how they might

measure your success?
Business
1 answer:
Alik [6]3 years ago
5 0

Answer:

Considering the stakeholders' perspectives.

Explanation:

Considering the stakeholders' perspectives is a step in developing a mission statement which requires that you to think about who is affected by your organization and how they might measure your success.

Generally, when the top executives or management are developing a mission statement, decisions, and goals, it is very essential and important that they ensure it is favourable to the stakeholders. Stakeholders can be defined as a group of people who have interest or shares in a business entity and are affected by the decisions of the company.

<em>Hence, the stakeholders perspective needs to be considered at all times because they're part of the business and their actions can affect the success of the business. </em>

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A sample of 14 students was selected to estimate the average score in a given quiz. The average score in the sample is 2.14 with
Savatey [412]

The average score of the student in the class at a 99% confidence lies between 1.252 and 3.028

Explanation:

Given values are

n = 14   = 2.14     σ = 1.29  z value for 99% confidence = 2.576

The mean is known one

= (z σ/√14)

=  (2.576 ×1.29÷√14)

(2.576 ×1.29÷√14)

= 2.576 × 0.345

= 0.888

 =  mean- 0.888 = 2.14  - 0.888 = 1.252

 =  mean+0.888 =  2.14 + 0.888 = 3.028

The average score of the students in the class at a 99% confidence lies between 1.252 and 3.028

6 0
3 years ago
If management wants the most accurate product cost, which of the following costing methods should be used? a. Volume-based costi
Fynjy0 [20]

<u>1. If management wants the most accurate product cost, which of the following costing methods should be used?</u>

Answer:

c. Activity-based costing

Explanation:

In activity based costing, You only assign cost to a certain products and services based on your actual consumption. This will include indirect cost that might be overlooked by other from of costing methods.

For example, other type of costing might only account the total material or price of the machines when calculating the total cost of creating product. As a matter of fact, this will undervalue the total cost.

You need to calculate the expense that is not directly involved in the production but still necessary for the operation (such as the cost of fixing broken parts,  the cost of daily maintenance, etc). All of these things will be included in activity-based costing.

<u />

<u>2. Which costing method tends to overstate the cost of high-volume products? </u>

Answer:

A. traditional volume based accounting

Explanation

Traditional volume based costing  will calculate all overhead costs (such as salary paid per hour to employees)  and include it to the overall cost of the production without any additional adjustment.

This will cause an overstate in the cost of high-volume products Because longer hours of work does not necessarily translate to proportionate increase in productivity.,

3. Disadvantages of activity-based costing include

Answer:

-It is not acceptable under GAAP for external reporting.

-It can be costly to implement.

Explanation:

GAAP does not accept activity-based costing becasue it overlooked  Organization-sustaining costs that will exist regardless of how much goods the company produce. (For example  Cost of factory security, Cost of electricity for heating and air conditioning and  office administration rent).

Activity based costing can be costly because it need a more precise evaluation of their indirect cost. Which means that they need to hire more experts to specifically pay attention to indirect cost which often time untraceable by common employees.

5 0
3 years ago
Although not mandatory, career advisors almost all agree that an objective is extremely important to include on a resume.
ryzh [129]
This is true. Many career advisors will ask you to write an objective because it allows the prospective employer so quickly see who you are and what you want to gain by working at their firm.
6 0
2 years ago
Read 2 more answers
the activities a firm undertakes to create a certain perception of its product in the eyes of the target market are referred to
Dima020 [189]

Answer:

Positioning

Explanation:

Market positioning means the capability to develop a perception of a consumer. In this, the competitive advantage plays an important which enables the firm to become differentiate with that of the competitor with respect to the brand or product in which the firm is dealing. It is a motive to create an image of a brand

Therefore according to the given situation, the positioning is the right answer

3 0
3 years ago
On june 13, the board of directors of siewert inc. declared a 2-for-1 stock split on its 80 million, $2 par, common shares, to b
Vladimir [108]

Answer:

No journal entry is required

The par per share after the split $1

Explanation:

If a stock split is not to be effected in the form of a stock dividend, no entry is recorded. The balance in the common stock account remains the same.

The par value before stock split was $2, board of directors declared a 2 for 1 split so the par value will be reduced by half.

We will calculate the par value after stock split by

= $2 / 2

= $1

6 0
3 years ago
Read 2 more answers
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