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Lubov Fominskaja [6]
3 years ago
11

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

ble goals affect employee 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.
Business
1 answer:
ehidna [41]3 years ago
4 0

Answer:

The clarification of the problem is listed throughout the segment on the below explanation.

Explanation:

(1)...

  • The boss needs to take care of other things, including workers under him, operational procedures, corporate smooth running. For him, targets and target play a significant role, he aims to achieve those targets for his employees in such a limited period that can be calculated.
  • This also sets targets for itself to be effective although to be completely in control. But he really should very often consider issues while choosing goals and targets and afterward make the decision. Often, fixed aims lessen the burden on the boss as the job is progressively completed.

(2)...

  • The order to give a clear ambition about what to do next, where to do, and whether to see when the targets are particular. It then contributes to greater productivity and reduced latency on the part of the implementation.
  • Tangible or measurable goals often play a significant role since it contributes to uncertainty among the staff and decreased productivity if a goal is not tangible and impractical.

(3)...

<u>Example:</u>

In such a company manufacturing motorcycles workers, therefore, need to assemble 100 motorcycles in three days. The management team chose to make the following targets for his staff:

  • The first day, the cycle handles as well as the frame of all 100 bikes would be assembled.
  • The second day, engines and 100 road wheel installation.
  • The third day, full bike assembly.

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Answer:

The journal entry to record the contract on November 1, 2018 includes: credit to Accounts Receivable for $162000

Explanation:

Following the Accrual accounting - an accounting method that revenue or expenses are recorded when a transaction occurs rather than when payment is received or made. On November 1, 2018, Cullumber Farm had to pay $162,000 in advance to John Deere. John Deere recorded the cash receiving by the entry:

Debit Cash $162,000

Credit Accounts Receivable $162,000

The company did not record revenue because they did not sell the harvester. This was only the advance payment.

3 0
3 years ago
Which compounding periods will yield the lowest effective annual rate given a stated future value at year 5 and an annual percen
emmainna [20.7K]

Answer:

Annual

Explanation:

The ANNUAL compounding periods will yield the lowest effective annual rate given a stated future value at year 5 and an annual percentage rate of 10 percent

4 0
3 years ago
Journalize transactions and follow through accounting cycle to preparation of financial statements.
MrRa [10]

Answer:

Salaries expense DR. $1220

Cash Cr. $1220

Cash Dr. $1860

Account receivable Cr. $1860

Cash Dr. $3810

Account receivable Cr. $3810

Purchases Dr. $3900

Cash Cr. $3900

Explanation:

Accounts payable Dr. 2600

Cash Cr. $2600

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Cash Cr. $450

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8 0
2 years ago
An investor, who had $75,000 to contribute, was choosing between a boutique and a local shoe shop. After careful deliberation, t
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Answer:

$6000

Explanation:

Economic profit = accounting profit - implicit cost

Implicit cost is the cost of the next best option forgone when one alternative is chosen over other alternatives

accounting profit = 15,000

Implicit cost = 9000

15,000 - 9000 = $6000

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Answer:

E. Community

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Community Centers.

A community center is a building structure in a community where people meet for social, educational and recreational activities. It is a meeting place, often a complex building where discount departments stores, supermarkets and home improvement stores are found. It is a multi tenant shopping center with many shops and the whole center ranging between 100,000 - 300,000 square feet.

4 0
3 years ago
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