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slamgirl [31]
3 years ago
5

According to the _____, the most effective management theory or idea depends on the kinds of problems or situations that manager

s are facing at a particular time and place."
Business
1 answer:
german3 years ago
6 0

Answer: The contingency approach

Explanation:

 The contingency approach is one of the type of management theory that helps in understanding the various types of principles in an organization and it is also refers as the situational approach.

The main objective of the contingency approach is that it provide manager the different types of ways to give reaction on the given issue and different types of situation.

 According to the question, the contingency approach helps in providing the different types of effective ideas to the manager where they facing different types of problems in an organization.  

 Therefore, contingency approach is the correct answer.

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An alternative to using a letter of credit is export credit insurance. What are the advantages and disadvantages of using export
Agata [3.3K]

Answer:

Read the explanation below.

Explanation:

A. Luxury yatch: Not a lot of people buy Yactchs, but a lot of businesses are capable of making them. So more or less the buyer is in position to dictate terms. And asking the buyer to open a letter of credit may result in the loss of sale.

But to protect against the risk of losing payment, the seller can opt for export credit insurance. Here on advantage of export credit insurance is the exporter is more likely to make the sale in a competitive market such as this. If there is a default, the insurance should cushion the blow. However, Canada and California are not known for opaque or radically different legal systems, are not far away, and do not have linguistic or other barriers. In the event of default, the yatch is likely to be returned.

b. Machine tools. Again, one advantage is that the new yorker exporter is more likely to make the sale. The exporter's position however is strong due to the fact not lot of people make machine tools as the are hard to make and have a higher fixed costs.

Thus, letter credit is the most viable option in this case.

3 0
3 years ago
You have been working as an assistant manager in Mimi and Jasmine's (M&J) warehouse. M&J is an innovative cosmetics comp
miskamm [114]
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7 0
3 years ago
______________ undergo extensive additional processing during their conversation into other products. The only initial processin
Flauer [41]

Answer:

The correct answer is letter "E": Accessory equipment.

Explanation:

Accessory equipment comes with certain products but does not influence their performance. Removing accessory equipment from the good it is attached to does not damage the product. Accessory equipment is nonexpendable and not used for the production of an item.

<em>When it comes to shipping, pallets can be considered accessory equipment since they help organizing the products being delivered reducing costs.</em>

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3 years ago
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Departmentalizing decisions increases the risk of __________ leading to a poor decision.
MAXImum [283]

Answer:

Bounded Rationality

Explanation:

To begin with, it is essential to understand the concept of departmentalization.

Departmentalization centers on the idea that departments/divisions within an organization are grouped and/or sectioned, using some identified benchmarks. In extension, Departmentalizing, is simply the acts of engaging in departmentalization.

Bounded rationality, is a phenomenon that states that human reasoning and extension, logic could be threatened by a number of constraints. The constraints here could be human, material and physical resources. The implication is that an individual is not in possession of full details and information that could influence or shape his position.

Hence, by departmentalizing, an organization has placed a constraint on the amount of information accessible to that department, under the bigger context of an organization. Thus, the departments' rationality has been bounded and this could ultimately spiral into poor decision making, principally because of lack of detailed information.

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3 years ago
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ABC Ltd. purchased a new 3-D printer for $500,000 at the beginning of year 1. Although this printer is expected to last for 10 y
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