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NNADVOKAT [17]
4 years ago
9

In what ways do goals and objectives help managers control various processes within an organization? How do specific and measura

ble goals affect employees and promote organizational performance? Provide an example from your own experience of when a specific goal or objective provided beneficial control over a process. Explain what the beneficial control was and how did it positively impact organizational performance.
Textbook: Principles of Management-v.1.1
Business
1 answer:
Pavel [41]4 years ago
8 0

Answer:

In what ways do goals and objectives help managers control various processes within an organization?

Goals establish the basis of the corporate strategy. Without clear goals, managers cannot devise and implement a corporate strategy, and without a corporate strategy, the firm does not have a clear path of action.

As we can see, goals are very important for an organization because they determine what the company should achieve, and what actions and policies the company should implement in order to achieve it.

How do specific and measurable goals affect employees and promote organizational performance?

Employees become motivated because they can actually see what their performance is like, and how it can be improved upon in case its not meeting the organizational performance standards.

However, managers should be careful when setting these measurable goals, and should also be flexible: if an employee does not meet these goals in his first attempt, they should try to understand why, and work with the employee so that he or she can improve their performance.

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On April 1, 2018, Owl Co. sold $2,000,000, 5% bonds at par, convertible to 18,000 common stock, but not converted in 2018. In 20
murzikaleks [220]

Answer:$4.44

Explanation:

Net income after tax is $600,00 less 20% =$480,000

Total shares for diluted eps 90,000+18,000= 108,000

Diluted eps= 480,000/108,000

= $4.44

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3 0
3 years ago
Just before the outbreak of the Corona virus you bought a stock expected to pay a constant dividend (without growth) once every
zalisa [80]

Answer: 9.3%

Explanation:

If the company continues to payoff its dividend at current rate, then the price of stock will be:

= Dividend/Rate of return

= 1/5%

= 1/0.05

= 20

Now, when the company isn't expected to pay any dividends for the next two years, the price of stock at the end of year 2 will be:

= Dividend/Rate of return

= 1/5%

= 1/0.05

= 20

Price of stock today will be the present value of p2. This will be:

= 20/(1.05^2)

= 20/1.1025

= 18.14

Loss in value= (20-18.4)/20 × 100

= 1.86/20 × 100

= 9.3%

8 0
3 years ago
A collusive agreement between two firms is likely to break down when​ ____________. A. it is easy to punish cheaters. B. firms v
AnnZ [28]

A collusive agreement between two firms is likely to break down when detection of cheaters is difficult .

Option D

<u>Explanation: </u>

Collusion is a secret agreement between two or more parties to suppress open competition by misleading, lying or defrauding others of their rightfulness or achieving a goal prohibited by law that usually is to defraud or gain an unacceptable market advantage.  

It is an agreement between companies or individuals that divides a market establishes prices, limits or limits production opportunities. It can include "strike, pay manipulation, kickbacks or the freedom of the relationship between the two parties." All collusion-driven actions are considered null and void legally.

In the USA, Canada collusion is illegal because of antitrust legislation, but implicit collusion even now takes place in the method of price management and tacit agreement.  

Example: Google and Apple announced that both firms decided not to hire people to work together to stop wage growth in 2015, a statement against bullying collusion by employees.

3 0
3 years ago
What is a characteristic of a successful budget? a. Inflexible b. Kept private c. Realistic d. All of the above
Alexeev081 [22]

Answer:

option C

Explanation:

In simple words, refers t the written statement that depicts the availability of funds in hand for a firm and hope they are gonna use it in future. Every organisation makes a budget so that they can use their resources in the most efficient way.

Budgets are made for the upcoming period but are based on the predictions made by the management and on the basis of past experiences. Thus, budgets should be made flexible and should be distributed to all the stakeholders as the real variable might diverge from the assumed variables. However budget should be in a realistic approach as they work as a major statement for evaluation.

7 0
3 years ago
Read 2 more answers
A company ages its accounts receivables to determine its end of period adjustment for bad debts. At the end of the current year,
noname [10]

Answer:

Bad Debts Expense 21,550

    To Allowance for Doubtful Accounts 21,550

Explanation:

Before passing the adjusting entry, first we have to determine the adjusted amount which is shown below:

= Ending balance of accounts receivable + debit balance of Allowance for Doubtful Accounts

= $21,000 + $550

= $21,550

Now the adjusting entry would be

Bad debt expense A/c Dr  $21,550

  To Allowance for doubtful debts  $21,550

(Being estimated bad debts is recorded)

6 0
4 years ago
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