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andreev551 [17]
3 years ago
9

Which of the following describes the management function that includes determining which tasks will be done, who will do them, h

ow the tasks will be grouped, who will report to whom, and when decisions will be made?
Business
1 answer:
ololo11 [35]3 years ago
4 0

Answer:

Planning management function

Explanation:

Planning is a management procedure which aims to identify objectives for the long term future of an organization and to determine the tasks and resources required in achieving these objectives. Managers should create a business plan or a marketing plan for achieving objectives.

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You plan to finance a new car by borrowing $25,000. The interest rate is 7% p.a., compounded monthly. What is your monthly payme
Nesterboy [21]

Answer:

Monthly payment:

three year loan $771.9,

Four year loan $598.7

Five year loan $495.0

Explanation:

The payment mode where  a loan repayment is a made by equal monthly installment is called amortization.

To work out the monthly installment, you divide the loan amount by the appropriate annuity factor.

Annuity factor is determined using the formula;

Annuity factor = 1- (1+r)^(-n)/r

r = rate per period, n -  number of periods

Monthly installment is determined as = Loan amount / annuity factor

In this question , the monthly interest rate = 7/12 = 0.583%. ( divided by 12 because there are 12 months in a year)

The annuity factor for the different years are determined as follows:

Three year plan = 1 -(1.00583)^(-3× 12) =32.32.3865

Four year  plan = 1 -(1.00583)^(-4× 12) =41.7602

Five year plan = 1- (1 -(1.00583)^(-5× 12) = 50.5020

Note, I multiplied the years by 12 to get the total number of months in the loan periods.

Plan Annuity factor Workings Monthly payment($)

3 years 32.3865            25000/32.38 771.9

4 years 41.7602            25000/41.76 598.7

5 years 50.5020    25000/50.50 495.0

6 0
3 years ago
Inelastic demand creates an incentive for suppliers to: A) compete with each other and increase the quantity supplied. B) stop p
STALIN [3.7K]

Answer:

D) try to get together and limit the quantity supplied.

Explanation:

Elasticity of demand is defined as a measure of the responsiveness of changes in quantity demanded with change in price.

When price increases the quantity demanded falls.

If a good is inelastic it means that the price increase will not result in a big drop in quantity demanded.

So if suppliers notice a good is inelastic they will most likely come together to reduce supply while increasing prices. This will result in higher revenues for them as quantity demanded does not fall with increase in price.

8 0
3 years ago
Which of the following statements about credits is true? A : Credits decrease both assets and liabilities. B : Credits increase
e-lub [12.9K]

Answer:

The correct answer is C. Credits decrease assets and increase liabilities.

Explanation:

A credit is a provision of money in the form of a loan, granted by a creditor (lender) to a debtor (borrower). For the creditor, the transaction gives rise to a claim on the borrower, under which he can obtain repayment of the funds and payment of remuneration (interest) according to a fixed schedule. For the borrower, whether it is a business or an individual, the credit establishes the existence of a debt (increasing liabilities) and opens the availability of a temporary financial resource.

7 0
3 years ago
A CEO is considering whether to invest in developing leadership capabilities in its managers. To make this determination, which
IrinaK [193]

Answer:

How leaders behave has a major impact on employee performance

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3 years ago
Consider the market for loanable funds. If the demand for loanable funds shifts to the left then the equilibrium interest rate _
olya-2409 [2.1K]

Answer:

If The demand curve for loanable funds shifts to the left causing both the equilibrium quantity of loanable funds and the equilibrium interest rate will decrease.

Explanation:

6 0
3 years ago
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