In the context of management skills, Conceptual skills serves as one that gives the manager the capability to grasp a big-picture view of the overall organization.
Conceptual skills can be regarded as one that gives the leader, manager the abilities so that they can have better understand complex scenarios as well as develop creative solutions.
This gives the capability to know the relationship between its various parts.
Therefore, In the context of management skills, Conceptual skills helps the manager to have big picture as regards the organization.
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Answer:
66.36 days
Explanation:
Calculation of the days' sales in accounts receivable .
Using this formula
Accounts Receivable Turnover Ratio = [Net credit sales (Beginning net account receivable +Ending net account receivable)/2)]
Let plug in the formula
[$1,300,000/($270,000 + $202,000)/2)]
$1,300,000/($472,000/2)
=$1,300,000/236,000
=$5.50 Days' sales in receivables
= 365/5.5
= 66.36 days
Therefore the days' sales in accounts receivable will be 66.36 days
Answer: C
Explanation:
Broker K's suggestion will cost Jim $148.57 less than Broker J's suggestion
Answer: Organizing
Explanation:
There are 4 management functions. These functions are:
Planning: In the planning function, employees make business plan, they make reports and forecasts budgets and sales data. Anything within the domain of planning
Leading: Group of employees or Department is lead by Directors or managers or senior managers. These managers get work done through others and lead their team for the overall success of the organization.
Controlling: This includes staffing and training. Employees are subjected to training and development for efficient and effective results. Hiring the right employee for the right position.
Organizing: This is the hierarchy within the organization. Chain of Command that needs to be followed. Over here, Shondra sits in the top of the chain where only top managers report to her. Top managers are in the middle of the chain. Whereas, others below top managers would report to the Human Resources Department.
Answer:
The correct answer is option d.
Explanation:
Monopolistic competition is the market where there is a large number of firms producing differentiated products. The firms are price makers and face a downward sloping curve. There is very low or no barriers to entry and exit.
A perfect competition has a large number of firms producing identical products. These firms are price takers and face a horizontal line demand curve. There are very low or no barriers to entry and exit.
The firms in both market forms are trying to maximize profits. The market demand curve is also downward sloping in both. But the monopolistic competition produces differentiated products and firms are price makers.
