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Discuss the principles of management.<br><br><br> Please help

damaskus [11]

The principles of management are scientific principles that enable managers to make organizational decisions, accomplish tasks, and achieve organizational goals.

<h3>What are the principles of management?</h3>

The principles of management enunciated by Henri Fayol enable managers to become efficient and effective include:

Division of Work
Discipline
Unity of Direction
Unity of Command
Remuneration
Scalar Chain
Order
Equity
Initiative
Esprit de Corps
The Degree of Centralization
Authority and Responsibility
Subordination of Individual Interest
Stability of Tenure of Personnel.

These principles of management provide guidance to managers in their decision-making and management activities.

Thus, the principles of management enable managers to make organizational decisions, accomplish tasks, and achieve organizational goals.

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8 0

2 years ago

The renault nissan alliance is an example of a _______ created to gain economies of scope by sharing resources and capabilities

qaws [65]

Synergetic strategic alliance

4 0

4 years ago

The following account balances at the beginning of January were selected from the general ledger of Crispy Chips Manufacturingâ€

vovangra [49]

Answer:

d. Overallocated by $3,050

Explanation:

<u>Allocation of Overheads</u>

If Actual Manufacturing Overheads > Applied Manufacturing Overheads, we say Overheads are under-applied.

If Actual Manufacturing Overheads < Applied Manufacturing Overheads, we say Overheads are over-applied.

<u>Therefore,</u>

Actual Manufacturing Overheads = $78,200

Applied Manufacturing Overheads = $81,250 ($0.65 x $125,000)

Thus, we have over-applied situation

Overallocation = $81,250 - $78,200 = $3,050

Conclusion :

Manufacturing overhead has been over-allocated by $3,050 as of January 31.

3 0

3 years ago

Suppose the economy is in long-run equilibrium. if there is a sharp increase in the minimum wage as well as an increase in taxes

erastova [34]

If there is a sharp increase in the minimum wage as well as an increase in taxes, then in the short run, real gdp will fall & price level might rise, fall, or stay the same and in the long run, the price level might rise, fall, or stay the same but real GDP will be lower.

<h3>What is a minimum wage?</h3>

This refers to the lowest remuneration that an employers can legally pay their employee as the the price floor below which employees may not sell their labor.

The effect of this on economy is noted as a sharp increase in the minimum wage as well as an increase in taxes, then in the short run, real gdp will fall & price level might rise, fall, or stay the same and in the long run, the price level might rise, fall, or stay the same but real GDP will be lower.

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8 0

2 years ago

Bentley Enterprises uses process costing to control costs in the manufacture of Dust Sensors for the mining industry. The follow

Amiraneli [1.4K]

Answer:

b.$4.43.

Explanation:

Cost Units

Beginning inventory:

direct materials, $54,760; 9270

Costs incurred during the month:

direct materials, $470,000 102,000

Total $ 524 760 118,200

Equivalent Unit Costs= $ 524760/118 ,200= $ 4.43

As FIFO method is used first the beginning inventory and started units will be accounted for.

<u>Working</u>

Units

Work in process, November 1st 16,200

Started in production during November 10 2,000

Work in process, November 30th 24,200

The beginning inventory was 60% complete as to materials and 20% complete as to conversion costs.

Beginning Inventory Units

Materials 16,200 (60 %) 9720

Conversion Costs 16,200 (20% ) 3240

The ending inventory was 90% complete as to materials and 40% complete as to conversion costs.

Materials 24,200 (90 %) 21780

Conversion Costs 24,200 (40% ) 9680

Beginning inventory: direct materials, $54,760; direct labor, $20,520; manufacturing overhead, $15,440.

Costs incurred during the month: direct materials, $470,000; direct labor, $184,880; manufacturing overhead, $393,160.

4 0

4 years ago