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AleksAgata [21]
4 years ago
12

Angela is part of the senior management of Fifian Inc., an event management company. She along with other members of the senior

management plans the annual budget of the company. Angela, however, is not required to take inputs from or involve the middle and supervisory managers of the company in this planning process. In the given scenario, Fifian Inc. most likely uses _____.
Business
1 answer:
VladimirAG [237]4 years ago
3 0

<u>Full question:</u>

Angela is part of the senior management of Fifian Inc., an event management company. She along with other members of the senior management plans the annual budget of the company. Angela, however, is not required to take inputs from or involve the middle and supervisory managers of the company in this planning process. In the given scenario, Fifian Inc. most likely uses _____.

A. top-down budgeting

B. incremental budgeting

C. bottom-up budgeting

D. zero-based budgeting

<u>Answer:</u>

In the given scenario, Fifian Inc. most likely uses top-down budgeting

<u>Explanation:</u>

Top-down budgeting relates to a budgeting system where senior management equips a high-level estimate for the company. Through top-down budgeting, the company’s administration views prior practices and contemporary market circumstances.

Customarily, department directors and lower-level staff do not partake in the meetings but may put forward proposals for consideration. Such a kind of budget concentrates on the overall germination of the organization. Since managers are not a member of the budget-making method, they may not perceive much urge to assure their success.

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8 0
1 year ago
Chris promises dina $40,000 if she graduates from eagle college. dina enrolls in eagle, attends full-time for four years, and gr
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A verbal contract is generally legally binding, but enforcement requires a significant burden of proof. In this particular instance, there would be exceptional difficulties in compelling Chris to pay. 
7 0
4 years ago
A natural monopoly, such as a local electricity provider, is the result of: i. a firm owning or controlling a key input used in
Leni [432]
A natural monopoly, such as a local electricity provider, is the result of long run average total costs declining continuously as output increases. The correct option among all the options that are given in the question is option "3". The initial cost of power generation and power distribution cost is high. Once the generation starts and the number of consumer increases, the average cost starts declining.
7 0
3 years ago
Driscoll Company is considering investing in a new project. The project will need an initial investment of $2,400,000 and will g
leva [86]

Answer:

IRR= 23.375%

Explanation:

Given: Cash flow= $1,200,000

           Initial investment= $2400000

Lets first compute IRR for Project, assuming rate of return at 23.375% or 0.233.

Formula: NPV= \frac{cash\ flow}{(1+r)^{n} } -initital\ investment

NPV= \frac{\$ 1,200,000}{(1+0.23375)^{1} }+\frac{\$ 1,200,000}{(1+0.23375)^{2}}+\frac{\$ 1,200,000}{(1+0.23375)^{3}} -\$ 2400000

NPV has to be equal to zero to know if IRR is correct to find if project worth enough to invest.

⇒NPV= \frac{\$ 1,200,000}{1.23375 }+\frac{\$ 1,200,000}{1.5221}+\frac{\$ 1,200,000}{1.8779390} -\$ 2400000

⇒NPV= 972644.37+788364.23+638998.36 -\$ 2400000

⇒ NPV= \$ 2400000  -\$ 2400000

∴ NPV= 0

Hence, 23.375% is the IRR for the project.

6 0
4 years ago
Mediflow, a medium-sized medical technology company, has been successful in its research and development, but needs improvement
sergejj [24]

Answer:

C.

Explanation:

Based on the scenario being described it can be said that the option that would most likely lead to long-term success would be acquire a company that has a successful medical technology sales force in Europe so that Mediflow can gain access to new distribution channels. This would drastically speed up the process of getting the technology in the hands of as many people as possible and therefore increase the company's profit.

3 0
4 years ago
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