All categories

3 years ago

Formal planning means specific goals are formulated and never reduced to writing but simply communicated.

1 answer:

3 0

The statement that formal planning means specific goals are formulated and never reduced to writing but simply communicated is false.
In opposite formal planning is type of strategic planning that includes writing of the organization's goals and objectives. The given definition refers to the informal planning.

You might be interested in

According to arnold and bowie, are mnes responsible for the practices of their subcontractors and suppliers?

Vaselesa [24]

Answer:

They are definitely responsible.

Explanation:

Denis Arnold and Norman Bowie advocate for corporate responsibility in their article "Sweatshops and Respect for Persons" (Business Ethics Quarterly 13 - 2003).

"MNE's have a moral duty to ensure their business partners respect employees by ensuring that human rights are not violated in the workplace."

Corporations can't turn a blind eye on abuses committed in countries where they outsource their production.

3 0

3 years ago

E marketplace can take two different formats, which are

IgorC [24]

E marketplace can take two different formats, which are Independent trading communities and private exchange.
Usually, the transaction in independent trading communities will be easily visible by others while private exchange tend to be more secretive

hope this helps

4 0

3 years ago

OKRs can be executed in stages. The first stage would be keyed to a deadline and then then once the project is completed and run

DerKrebs [107]

Answer:

b) false

Explanation:

OKR is a goal-setting method used by companies. It is impleemented using following steps

Communicate the OKR
Choose a tool used for OKR
Organize the Company's OKR
Set the company's OKR
Set every single OKR for teams, departments and Individuals
Make the changes in OKR if required
Approve the OKR
Evaluate the OKR at each period end.

So, the OKR cannot be implemented in a single step and it requires multiple steps.

Hence the given statement is false.

4 0

3 years ago

Clancy is a bus driver who enjoys donuts and muffins. Suppose that the price of donuts increases. As a result, the purchasing po

FromTheMoon [43]

Answer:

INCOME EFFECT

Explanation:

Income Effect means change in real income/ purchasing power due to change in price, income staying same.

Price Increase reduces real income/ purchasing power, income staying same - because consumer can purchase less from same income.
Price decrease increases real income/ purchasing power, income staying same - because consumer can purchase more from same income.

Eg: Income, price of a consumer = Rs100, Rs10 respectively.

Real Income = Income/price = 100/10 = 10. Price fall to 8 increases purchasing power to 12.5 (100/8). Price rise to 12 decreases purchasing power to 8.3 (100/12).

Income Effect : stating - lower purchasing power at higher prices, reduces consumption of all goods and higher purchasing power at lower prices, increases consumption of all goods.

3 0

3 years ago

Lindsey Company uses activity-based costing. The company has two products: A and B. The annual production and sales of Product A

natita [175]

Answer:

Results are below.

Explanation:

First, we need to calculate the activities rate:

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Activity 1= 24,000 / 1,000= $24 per activity unit

Activity 2= 36,900 / 900= $41 per activity unit

Activity 3= 63,000 / 1,800= $35 per activity unit

Now, we can allocate costs to product A:

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Activity 1= 24*200= $4,800

Activity 2= 41*750= $30,750

Activity 3= 35*1,000= $35,000

Total allocated costs= $70,550

Finally, the unitary cost:

Unitary cost= 70,550 / 5,000= $14.11

3 0

3 years ago