If the original price of Dima’s skirt was $54, the amount that she have saved at the store was option(b)i.e, $1.80.
Let's just take the sales price of the skirt Dima purchased from the discount shop as the rate of the other retailer is not provided.
Original price: $54
Discount rate: 30%
$54 x 30% = $16.20 value of the discount
$54 - 16.20 = $37.80 discounted price.
Since Dima's friend told her she could have had a better deal at a different store, this means that the discount rate is higher than 30%. i.e, the discount is 33.33%
$54 x 33.33% = $17.99 value of the discount
$54 - 17.99 = $36.00 discounted price.
Discount store: $37.80
Different store: $36.00
The different store sales price is cheaper by $1.80
Therefore, she could have saved $1.80 at the store her friend suggested.
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Answer:
b.to evaluate the company's stock performance
Explanation:
Evaluating a company stock performance would interest investors more than the managers of the company. Investors are profits driven. Their primary concern is to predict the future price of a stock as accurately as possible and profit from the price movement.
Managers are concerned with the profitability and long term growth of the company. They use managerial information to understand the current state and make better plans for the future. Managers use managerial reports to identify areas that need cost-cutting to maximize the profits.
Answer: Controlling function
Explanation: Controlling refers to that function of management in which the managers tries to make the actual results from the operations closer to the set standards in the planning stage.
This is done by comparing the actual performance with the set standards and taking corrective action in case of any discrepancy.
Thus, from the above we can conclude that the manager is doing the controlling function.
Answer:
Participative decision-making
Explanation:
Participative decision-making is the process by which an employee share or participate in decision-making in an organisation. This gives avenue for employees to voice their opinions and contribute their knowledge.
Participative decision-making results in better decisions that carries employee along and increases their buy in to the achievement of organisational goals and objectives.
Employees feel a sense of ownership because they were involved in the decision making process.
