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3 years ago

Ways by which scientific management play a role in the management of a modern crisis

Business

1 answer:

stiv31 [10]3 years ago

5 0

Explanation:

In the current global health crisis, scientific management has an extremely relevant role in helping to find solutions and improvements that will reduce the crisis.

Through science and scientific research supported by a set of reliable evidence, it is possible to find new solutions and technologies for diagnosis and treatment of the disease that caused the crisis.

Some of the ways in which scientific management can assist in the global pandemic are:

Monitor and control the most affected areas .
Manage medical facilities and services so that there is sufficient medical staff and equipment to serve the regions most affected by the virus .
Establish secure information and communication with the population on awareness and instructions needed to act in times of crisis .
Establish, through scientific methodology, ways to monitor the losses resulting from the crisis.

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Your friend Wanda established her gourmet dog treat business, Salty Pawz, using personal funds, since she initially sold her pro

denpristay [2]

Based on the advantages and disadvantages for each type of financing mentioned below, the best method for financing the expansion for Wanda's business is taking a loan (e.g. 1 year).

A term loan is best described as an amount provided by the bank for a fixed amount and a agreed payment schedule with an interest rate either fixed or floating.

The main advantage of a bank loan is that it would not be repaid on demand instead it would be paid back as per schedule within a period of 1 to 10 years. Another advantage is that you would only have to pay the bank the interest rate and not the company's profit or share.

The disadvantage is that when loans are taken, then the amount (principal) and interest is to be repaid even if the loan is not being used. Another possible disadvantage is that a loan can be obtained if you have any asset (such as a house or car) to be kept as security. This is a guarantee in the likely event the bank's loan is not repaid on time.

<u>Look for investors to fund her business in exchange for ownership in the company</u>

This means finding individuals/institutions to provide financing as capital to be used in business for expansion.

Unlike a bank loan, here the investors accept the risk that if the business fails then their financing would be lost. Therefore, if the business ends up in losses then the amount is not required to be returned to their respective financiers. Another advantage is that you don't require any credit history to earn financing through investors.

The main disadvantage is that the sharing (profits) are divided between multiple investors based on their investment or as per their agreed sharing ratio. Moreover, the new investors might prefer to take more risks for a business to grow and which means that the stakes are always high.

In conclusion, Wanda is working on a small business and which is expanding at a slow rate with the risk being kept at a bare minimum. In which case taking a loan with amount and duration being set at a point where she would be able to return the loan acquired, is a better financing option for Wanda's business.

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brainly.com/question/18403244

6 0

3 years ago

Farris Corporation, which has only one product, has provided the following data concerning its most recent month of operations:

krek1111 [17]

Answer:

$61

Explanation:

The computation of unit product cost for the month under absorption costing is shown below:-

Unit product cost = Direct material + Direct labor + Variable Manufacturing overhead + Fixed manufacturing cost

= $18 + $10 + $4 + ($255,200 ÷ 8,800)

= $61

Therefore for computing the unit product cost for the month under absorption costing we simply applied the above formula.

4 0

3 years ago

Antiques R Us is a mature manufacturing firm. The company just paid a dividend of $11.90, but management expects to reduce the p

GrogVix [38]

Answer:

The price of the stock is $66.5

Explanation:

The constant growth model of the DDM approach will be used to calculate the price of such a stock today.

The formula for the constant growth model is,

P0 or V = D0*(1+g) / r - g

As the growth rate in the company's dividedn is negative, the growth rate will be -5%.

The price of the stock is,

P0 = 11.9 * ( 1 - 0.05) / 0.12 + 0.05

P0 = $66.5

6 0

3 years ago

From the customer's point of view, the most vivid impression of service occurs in the service _____ when the customer interacts

Karo-lina-s [1.5K]

Where the answer choice at

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3 years ago

consumption vs. saving. Do you think these preferences are more influenced by advertisements for products that are consumable to

Sergio039 [100]

Answer:

Consumption is influenced by advertisements for products that are consumable today and savings from ads that advocate in investing tomorrow.

Explanation:

Both are important to run the circular flow of economy. If a person invests savings on a product, so there should be someone to consume it, this will help in achieving equilibrium point between aggregate demand and aggregate supply.

Increase in one shall result in decrease in other and in both cases either there will be more products to be consumed rather than the actual consumption resulting in surplus if there is excess saving or vice versa .

7 0

3 years ago

Ways by which scientific management play a role in the management of a modern crisis ​

Ways by which scientific management play a role in the management of a modern crisis