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3 years ago

What is a business process? Why is adopting a process view of organizations essential to becoming a successful manager?

Business

1 answer:

alisha [4.7K]3 years ago

3 0

Explanation:

Business process can be defined as the series of interlinked activities starting right from making of a product to delivering that product to the customers. An organisation's success depends on its business processes that how effectively and efficiently they are performed to achieve business goals while remaining profitable.

Organisations takes some inputs, process them into final outputs. Inputs could be in the form of information, raw material etc, while outputs are the final products.

Managers needs to understand the process view because he should have complete knowledge of all the processes of an organisation. If they have this knowledge then they can easily evaluate, analyse, and modify the processes only and if they have deep insights about them.

For example: Manager working in KFC, should have knowledge about all the manufacturing, taking orders, serving customers and then taking feedback from them. Manager can only be effective if he has knowledge and he can understand and make them happen efficiently.

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The name of the budget that plans for how the business will run until it becomes self-sustaining, I.e. until it begins to make

amm1812

Answer:

start-up is the correct answer.

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2 years ago

A gain or loss may be incurred if the sale or trade of an asset is greater than or less than the __________ value of the asset.

posledela

Your answer will be a

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3 years ago

Whitman has a direct labor standard of 2 hours per unit of output. Each employee has a standard wage rate of $26.50 per hour. Du

g100num [7]

Answer:

$137,800

Explanation:

A flexible budget uses the standard hour and costs adjusted to Actual level of output

thus

Flexible budget amount for direct labor = 2 x 2,600 units x $26.50 = $137,800

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3 years ago

Crane Company purchased $1080000 of 8%, 5-year bonds from Swifty, Inc. on January 1, 2021, with interest payable on July 1 and J

nasty-shy [4]

Answer: $27,864

Explanation:

The amount that should be recorded as other comprehensive income is the fair value less the sales price and the amortized premiums to reflect the true value of the investment,

= 1,164,000 - 1,129,896 - 3,048 - 3,192

= $27,864

$27,864 is the amount Crane Company should report as other comprehensive income and as a separate component of stockholders’ equity.

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3 years ago

The determination of an exchange price acceptable to both the buyer and the seller of a product is called

antoniya [11.8K]

Answer: pricing

Explanation:

Pricing is the determination of an exchange price acceptable to both the buyer and the seller of a product.

When a seller is determining the price of a product, she considers cost of production, projected revenue, price of competitors, market condition and regulation.

A buyer would consider the quality of the product ,economic conditions and utility when deciding on the price to acquire a product.

The different types of pricing strategies are -

1. Penetration pricing - when prices are set very low to attract customers and to gain access into a market.

2. Premium pricing- when prices are set very high so that the product would appeal to certain consumers.

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3 years ago