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klio [65]
3 years ago
11

3. Earning of profit is regarded as the main objective of business? Explain by giving any 3reasons

Business
1 answer:
netineya [11]3 years ago
3 0
Profit maximization is usually a main aim of most businesses in the private sector.

1) Usually people invest personal savings into starting businesses so that the return (aka profits) can be greater than the investment and they can earn a better living.

2) If profit is earned then the business would have enough money to pay dividends to its investors/shareholders, otherwise it wouldn’t have enough money to give as dividends and it will lose its investors.

3) Profit is required for the business to survive in competitive markets.
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You are a project consultant for the ACME Company and are helping to develop an agile method using Scrum. The company has always
AlekseyPX

Answer:

AGILE SYSTEM is very significant idea in the IT industry, which is relating to a system of project administration particularly for software development. It primarily includes in separation of errands into various stages and valuation of those tasks to accept new plans to improvise the procedure. It includes in development, growth, continues enhancement of procedure. The values helps to grow many software’s. As a project consultant, I choose these ideologies to progress various methods to start a pilot for agile.

Scrum is a subcategory of agile, which supports to grow project administration procedure in a specific way. A Scrum procedure is distinct from other agile procedures by specific ideas and follows. Scrum is most frequently used to achieve complex software and product development procedures by using iterative practices. Which rises productivity and decreases time. Scrum procedures supports organizations to regulate to the regular changes in the software to meet the commercial goals properly. Which mainly assistance to:

  1. Enhance the quality
  2. Maintenance for the regular changes
  3. To approximation proper program to complete the job
  4. Supports more to regulator the project schedule

PROPOSAL:

TRAINING: Training is very much supportive at emerging various software’s with a collaboration of several cross functional groups. Which supports to stay operative and to be intelligent to change quickly as per the rapid variations. However, traditional project administration procedures tried to understand the motives for change but now which supports to work as per the rapid changes. For this, training from the authorities is more necessary

DEVELOPMENT AND EXECUTION: Agile Project Administration offers a set of outlines that shelters the people, goods and practices for effective application of projects in the modern business environment. Agile is now used to achieve any form of occupational change. Numerous courses assistance diverse investors within a project can fully comprehend precisely how to work within an agile situation.

Which is possible through.,

  • AUTHORIZING BUSINESS TO DRIVE THE EFFORT
  • PROVIDING ADMINISTRATION SUPPORT
  • DEVELOPMENT SEVERAL PLANS THROUGH
  • PRODUCT APPARITION
  • PRODUCT ROAD MAP
  • SPRINT PLAN
  • EVERYDAY PLAN
  • DISCHARGING THE PLAN

All these help to start a pilot for agile

4 0
3 years ago
True or false: the nipp information-sharing approach constitutes a shift from a networked model to a strictly hierarchical struc
bija089 [108]
<span>True.
  The purpose of national infrastructure sharing plan is to ensure that America is safer and better equipped to handled incidental and deliberately orchestrated mischief that will put lives or property of the American people at stake. The measures will lessen threat and information won't be a one sided thing especially when as they affect the safety of lives.</span>
6 0
2 years ago
Read 2 more answers
Malone Co. owned 70% of Bernard Corp.'s common stock. During November 2021, Bernard sold merchandise to Malone for $150,000. At
elena-14-01-66 [18.8K]

Answer:

$18,000

Explanation:

Calculation to determine what The amount of intra-entity gross profit remaining in ending inventory at December 31, 2021 that should be eliminated in the consolidation process is:.

Using this formula

Intra-Entity Gross Profit =(Transfer Price × Percentage of Bernard's GP) × Intra-Entity Transfers Remaining in Ending Inventory

Let plug in the formula

Intra-Entity Gross Profit=($150,000×30% )×40%

Intra-Entity Gross Profit=$45,000×40%

Intra-Entity Gross Profit=$18,000

Therefore The amount of intra-entity gross profit remaining in ending inventory at December 31, 2021 that should be eliminated in the consolidation process is:$18,000

6 0
2 years ago
A relatively new type of very fast direct connection available to homes and businesses in areas where there is fiber-optic cabli
kotykmax [81]

A relatively new type of very fast direct connection available to homes and businesses in areas where there is fiber-optic cabling available all the way to the building is generically called fibr optic broadband.

Fibr optic broadband, from the name of its material uses fiber-optic cables guarantees faster and more stable and reliable connection compared to the DSL connection. Fibr connection can also cover far distances up to 100 kilometers compare to DSL connection which uses copper wire cable that has the limit of only 100 meters.

<span>Fibr optic broadband also assures more bandwidth and no lags when it comes to large data applications.</span>

4 0
3 years ago
Shondee Corporation uses the lower of cost or market and FIFO inventory methods. At the end of 2018, the FIFO cost of the ending
Assoli18 [71]

Answer:

reported as income for all three years   is $7,000

Explanation:

given data

cost of the ending inventory = $181,000

market value  inventory =  $160,000

to find out

Shondee Corporation must add income

solution

we get here Income per year that is

Income per year = (Value under FIFO Method - Value Under Cost Method ) ÷ Number of year      ..............................1

put here value we get

Income per year = \frac{181000 - 160000}{3}

Income per year =   \frac{21000}{3}

Income per year =  $7000

so reported as income for all three years   is $7,000

8 0
3 years ago
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