Answer:
The answers are:
- When managers come up with their own plans, they are likely to be more committed to following through on them.
- The environment is a dynamic one, and department and front line managers can come up with more responsive plans than can central leadership.
Explanation:
Personally I consider a very good idea if the Board of Governors decides to hire planning specialists to help regional or local managers develop their own plans. There are several advantages with this approach:
Regional managers know their "markets" and how to act and deal with them. I guess most of the Board of Governors is made up of wealthy or very important members, and many times their reality is very different than that of normal regular people.
Also, if regional managers can come up with their own plans, they will be extremely motivated to follow them through. They know that if something goes wrong, all the fingers will blame them.
Answer:
$52,745
Explanation:
The computation of annual saving in transportation cost is shown below:-
Cost of plane = Annual saving in transportation cost x PVAF (i%, n) + Residual value × PVF (i%, n)
306,840 = Annual saving in transportation cost × PVAF (8%, 6) + 100,000 (8%,6)
306,840 = Annual saving in transportation cost × 4.623 + 100,000 × 0.630
306,840 = Annual saving in transportation cost × 4.623 + 63,000
Annual saving in transportation cost = $306,840 - $63,000
= 243,840 ÷ 4.623
= $52,745
Therefore for computing the annual saving in transportation cost we simply applied the above formula.
True.
Managers have to look at aspects of all 4 frames to get a full management perspective:
1. Political
2. Human Resource
3. Structural
4. Symbolic
Let's start with the meaning of ceteris paribus , it is a Latin phrase which means keeping all the other things constant or unchanged .
Now options were
A)Focus on the effect of a single factor on a certain variable
B)Make sure that all relevant factors are considered
C)Distinguish macroeconomics from microeconomics
D)Avoid making normative statements
So from above definition we can understand that it works only on one
variable keeping others constant.
So the answer will be
A)Focus on the effect of a single factor on a certain variable
