The Well-conceived policies and operating procedures facilitate good strategy execution by:
- They provide top-down guidance regarding how things need to be done.
- They help ensure consistency in how execution-critical activities are performed
- They promote the creation of a work climate that facilitates good strategy execution.
<h3>What is the use of
Well-conceived policies?</h3>
This refers to those policies that are well thought to achieve the aim and objectives of a long term goal of a firm
Hence, in a typical firm, these policies and procedures provide top-down guidance regarding how things need to be done, ensure consistency in how execution-critical activities are performed and promote the creation of a work climate that facilitates good strategy execution.
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The statement, regardless of the mode used for the growth of a firm, entrepreneurs need to be good negotiators, is true.
Regardless of the mode used for the growth of a firm, entrepreneurs need to be good negotiators. They need to negotiate with external parties in order to obtain the human and financial resources which is necessary to fuel business growth.
Basically, entrepreneurs who are good negotiators are able to strike that balance between getting what they want and giving away the service. This becomes beneficial for both parties.
Hence, good negotiations is important, as it significantly contributes to business success, and help build better relationships.
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Answer:
$10,811.21
Explanation:
The computation of the bank balance would be equal to
= Ending balance - outstanding checks + interest received - service charges
= $16,451.03 - $5,643.01 + $12.19 - $9
= $10,811.21
The outstanding checks and services charges would be deducted whereas the interest received is added to the ending balance of the bank
Since Amber would like to interview an accountant that she is not familiar with to gain more information about what it is like working as one, it is better for her to send a letter that includes (D) a list of questions that she intends to ask in her interview.
This way, the accountant can know whether she or he can answer the questions that Amber wants the answers too and prepare any necessary information beforehand.
Answer: D.No. Since 26 is less than the break-even quantity, production of the product cannot produce a profit
Explanation:
At Breakeven the company will be making $0 in profit. The break-even number of units will therefore be;
0 = Revenue - costs
0 = 520x - (390x+15,340)
0 = 520x - 390x - 15,340
0 = 130x - 15,340
130x = 15,340
x = 118 units
As the break-even point is 118 units, anything below this will yield a loss. As the company has a capacity of 26 units, this is below the breakeven point so the company should not produce the good as they will surely make losses.