Answer:
“Successful people begin where failures leave off. Never settle for ‘just getting the job done.’ Excel!” —Tom Hopkins
Explanation:
Yes it is correct, your answer is correct.
Answer:
Buffett is concerned about debt in business as they analyse the financial statement of business before acquiring it or investing in it, as it suggest the future financial position of the company and it´s ability to generate consistent earning for the company. They focus on return on equity rather than debt, as regulatory body, credit agencies, and creditors use financial statement to decide on company´s worthiness by evaluating company´s debt and lending term. Debt become obligation for the company and its shows weak accounting and financial position of the company. The warren buffett´s investment policy is to acquire and hold companies for long run, therefore return on equity is a better parameter to evaluate any company.
Answer:
1. <u>Reactive management</u> as the name implies refers to management having an approach of acting only after a problem has occurred while
<u> Proactive management</u> is preventive method of management that prevents problems from happening by acting in advance to avoid their occurrence.
Explanation:
1.
<u>Reactive management</u> as the name implies refers to management having an approach of acting only after a problem has occurred while
<u>Proactive management</u> is preventive method of management that prevents problems from happening by acting in advance to avoid their occurrence.
Applying proactive management to McDonalds, management will be open to new ideas and quickly adapt, from customer feedback and make changes to their menu but in reactive management it will refuse to do so until the customers begin to complain or disappear then it will take measures to repair the damage of lost customers. At what time, making changes to the menu may be coming too late.
2
Activity accounting does not only report financial information but other qualitative information based on the activities of people and departments which is why it is also called responsibility accounting.
Such being applied to Mcdonalds will consider number of clients served per staff or department, number of customer complaints per period etc
