Answer:
<em>provide relevant revenue and cost data about each course of action.</em>
Explanation:
Accounting reports are extremely relevant for business decision making. It can help executives make more effective decisions based on periodic cost and revenue accounting data that will guide management to know the real situation of the company, and thus identify the best strategy to correct potential problems.
Answer:
Social Media.
Explanation:
Social Media: It is technology-based interactive media that allow individual or organization to share an idea, information, etc to the whole world in real-time. It is effective mean of marketing or information-sharing platform which give the response in quick time. Organizations use this media to introduce their goods & services, their promotional campaign, CSR activity, customer feedback, etc as response time is very less than any other medium of communication and at the lowest cost.
In the given case, the Business´s CSR effort has been communicated to the public of vast range directly at a low cost in an effective way, therefore, they have used Social media to communicate.
<u>Answer:</u> Social and motivational character trait helps him to be a good entrepreneur.
<u>Explanation:</u>
Oliver understands the strengths and weakness of the employees. He tries to nurture the strengths of the employees . By doing so the employees can be more productive and give efficient performance. He is being very social with the employees and understands their insecurities and tries to provide solution.
He concentrates on the personal growth of the individuals working under him. He plays the role of a motivational leader which helps him to be a successful entrepreneur. When the employees have job satisfaction they perform well in their work.
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An economic system is characterized by public ownership of the means of production, the pursuit of collective goals (rather than market-oriented production), and centralized decision making is called "command economy (socialism)."
<h3>
What is command economy (socialism)?</h3>
A form of command economy is socialism. The majority of the production factors, including land and capital goods, are owned and under the jurisdiction of the state.
Key features of command economy are-
- A populist economic and political structure, socialism is founded on the common, collective, or public ownership of the means of production.
- The equipment, resources, and manufacturing facilities utilized to create products that are intended to directly meet human needs are among those means of production.
- The state uses central planning.
- The state maintains centralized control over the production of products and services, as well as their prices and distribution.
- While free-market economies have historically been identified with capitalism and democratic countries, command economies have historically been connected with socialist and communist countries.
Socialism the best economic system because-
- Theoretically, socialism aims to create the greatest amount of common wealth through public benefits.
- Since the government oversees the majority of societal activities, it can utilize resources, labor, and lands more efficiently.
- Socialism lessens wealth disparity not only between different regions but also between all social classes and ranks.
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The international monetary fund is an organization that is made up of 190 countries whose goals are to build international trade, promote economic development, and reduce poverty in the world.
The International Monetary Fund is a committee of many nations that are committed to developing the economy of their nations.
- The goal is to reduce poverty and encourage international trade among nations.
- They assist nations whose economies are struggling with loans that can help them wade through their difficult times.
Summarily, the IMF aims to reduce poverty in the world.
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