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3 years ago

The primary reason for an organization to adopt planning and strategic management is to ________

1 answer:

8 0

The primary reason for an organization to adopt planning and strategic management is to be able to develop a sustainable competitive advantage. It is because when an organization starts to plan and make use of strategies, they are able to make advances that would gain them and would have their organization to progress more than of their competitors.

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Quesuon completion Status:

QveST [7]

Answer:

b. an ethical duty beyond those duties mandated by law.

Explanation:

Business ethics involve policies and practices concerning duties that go beyond those mandated by law. Anyhow, the law sets the tone for business ethics as a guideline that a company can follow to foster and gain public approval.

8 0

3 years ago

A major purpose of a cost accounting system is to _____

True [87]

Answer:

Explanation:

The main objective of cost accounting are ascertainment of cost, fixation of selling price, proper recording and presentation of cost data to management for measuring efficiency and for cost control and cost reduction, ascertaining the profit of each activity, assisting management in decision making process.

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3 years ago

Suppose a firm is the exclusive supplier of Painite, the world's rarest gemstone. Output is sold in two markets, A and B. Assume

Alexus [3.1K]

Answer:

d. Market A will have a higher price than market B

Explanation:

As we know that in the non elastic market, the seller could charge the high price while on the other hand in the elastic market it can charge a smaller price

as if there is an inelastic demand than it would leads to 1% rise in price that decrease the quantity demanded by smaller than 1%. Also if the price increased the total revenue also rises

And if there is an elastic demand than it would leads to 1% rise in price that decrease the quantity demanded by more than 1% and the price increased the total revenue is decreased

As it is given that the Market A contains more inelastic demand than market B so the seller charged a high price in market A than in Market B

Hence, the last option is correct

6 0

3 years ago

You and your friend are traveling home, you discuss how each of you might otherwise have used the four hours devoted to attendin

nekit [7.7K]

The relevant opportunity costs for you and your friend for allocating four hours to attending the concert are<u> "watching a sporting event on TV for you and studying for your friend. "</u>

An opportunity cost is characterized as the estimation of a forgone action or elective when another thing or action is picked. Opportunity cost becomes possibly the most important factor in any choice that includes a tradeoff between at least two alternatives. It is communicated as the relative cost of one option as far as the next best option.

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3 years ago

Sarah and James Hernandez purchased 140 shares of Macy's stock at $31 a share. One year later, they sold the stock for $35 a sha

Rufina [12.5K]

Answer:

Hernandezes' total return for his investment is $751.4

Explanation:

Total Return is calculated as

(Sale Price - Purchase Price + dividend)

Effective Sales Price is calculated as

= (Number of Stocks * Selling Price) - Commissions

= (140 * 35) - 12 = $4,888

Effective Purchase Price is calculated as:

= (Number of Stocks * Selling Price) + Commissions

= (140 * 31) + 8 = $4,348

Total dividend is calculated as:

= 140 * $1.51 = $211.4

Therefore, Total Return total return is

= (4888 - 4348 + 211.4) = $751.4

Finally, the Rate of Return = 751.4/4348 = 17.28%

5 0

3 years ago

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