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4 years ago

In the management process, the organizing stage includes setting goals and deciding how to achieve them.

1 answer:

6 0

The statement above is FALSE.
The management process is made up of four functions which are planing, organizing, leading and controlling.
Organizing involves allocating resource to achieve set organisational goals.
The planning stage is the stage where goals are set.

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17 Select the correct answer. Which characteristic best describes organizational buying? A. The market contains huge numbers of

Kryger [21]

Answer:

The market contains huge numbers of buyers.

Explanation:

Organization buying is the process through which formal institutions establish the basis for purchasing products or services. It involves identifying, evaluating, and picking the ideal option from the available brands and suppliers. A typical organization will have a team of skilled workers directly or indirectly involved in the buying process. Businesses that purpose to maximize profits will go the extra mile to get the best deals on their purchases.

Organization buying will involve the participation of many people. Common characteristics of organization buying are

Several people in the organization influence buying
The organizational buyers are qualified professionals in purchasing.
A lot of purchasing occurs in direct dealing with producers.
The purchases are in large quantities
Close relationships and service are required.

3 0

3 years ago

Four investment bankers need to cross a bridge at night to get to a meeting. They have only one flashlight and 17 minutes to get

RideAnS [48]

Answer:

Correct Answer:

The correct sequence of crossing include:

First, the Analyst takes the flashlight and crosses the bridge with the Associate. This takes 2 minutes. The Analyst then returns across the bridge with the flashlight taking 1 more minute (3 minutes passed so far). The Analyst gives the flashlight to the VP and the VP and MD cross together taking 10 minutes (13 minutes passed so far).

The VP gives the flashlight to the Associate, who recrosses the bridge taking 2 minutes (15 minutes passed so far). The Analyst and Associate now cross the bridge together taking 2 more minutes. Now, all are across the bridge at the meeting in exactly 17 minutes.

Explanation:

The above is the only logical way through which all of them could be able to cross the bridge while still arriving to the meeting at/on the exact time.

6 0

3 years ago

Scranton Shipyards has $20 million in total investor-supplied operating capital, and its WACC is 10%. Scranton has the following

Setler [38]

Answer: $400,000

Explanation: Given the following :

Operating Income (EBIT) = $4,000,000

Weighted average cost of Capital (WACC) = 10% = 0.1

Operating capital = $20,000,000

Taxes = 40% = 0.4

Economic Value Added (EVA) is given by;

EBIT x (1-Tax) - (WACC x Operating capital)

$4,000,000 × (1-0.4) - (0.1 × 20,000,000)

$4,000,000 × (0.6) - (2,000,000)

$2400,000 - $2,000,000

=$400,000

6 0

3 years ago

Distinguish between the features and benefits of getting a student loan and getting a grant or a scholarship.

Yuliya22 [10]

Student Loan:

borrowed money that needs to be repaid
part of credit history

Grant or Scholarship

given on the basis of financial need
Given based on academic achievement and financial need

The major difference between loans and scholarships is that loans will have to be repaid and scholarships do not.

5 0

3 years ago

Read 2 more answers

"Motorcycle Manufacturers, Inc. projected sales of 76,000 machines for 2010. The estimated January 1, 2010, inventory is 6,500 u

iVinArrow [24]

Answer:

Production= 76,500

Explanation:

Giving the following information:

Motorcycle Manufacturers, Inc. projected sales of 76,000 machines for 2010. The estimated January 1, 2010, inventory is 6,500 units, and the desired December 31, 2010, inventory is 7,000 units.

We need to use the following formula:

Production= sales + desired ending inventory - beginning inventory

Production= 76,000 + 7,000 - 6,500

Production= 76,500

4 0

3 years ago

Read 2 more answers