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ololo11 [35]
2 years ago
5

The organizational-management process consists of seven steps: (1) doing research, (2) establishing the mission and vision, (3)

assessing the current reality, (4) formulating the grand strategy, (4) implementing the strategy, (6) maintaining strategic control, and (7) maintaining the feedback loop.
Business
1 answer:
Dafna11 [192]2 years ago
4 0

Answer:

The answer is false

Explanation:

The organizational-management process actually comprises five steps and they are:

1. Establishing the mission and vision - This is always the first step. Management sets its mission and vision for the organization. This mission and vision is what guides them, their goals and their core values.

2. Assessing the current reality. Here, the company evaluates through doing research how it is doing compared with Competitors. And what it can do better.

3. Formulating the grand strategy. Strength, weakness, threat and opportunity should be revealed through assessing the current reality. Setting realistic goals and objectives should be the target here.

4. Implementing the strategy. Implementing the grand strategy is the next in line. There must be adequate resources to implement the strategy.

5. Maintaining strategic control which also encompass the feedback loop.

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Use the following data to determine the total amount of working capital from the Banner Auto Supplies Balance Sheet for December
Komok [63]

Answer:

b. 240,000

Explanation:

Calculation to determine the total amount of working capital

First step is to calculate the Current assets

Using this formula

Current assets = Cash + Accounts receivable + Inventory + Prepaid insurance

Let plug in the formula

Current assets= $70,000 + 100,000 + 140,000 + 80,000

Current assets= $390000

Second step is to calculate the Current liabilities using this formula

Current liabilities = Accounts payable + Salaries and wages payable

Let plug in the formula

Current liabilities= $130,000 + 20,000

Current liabilities= $75,000

Now let calculate the working capital using this formula

Working capital = Current assets - Current liabilities

Let plug in the formula

Working capital = $390,000 - 150,000

Working capital = $240,000

Therefore the Working capital is $240,000

4 0
2 years ago
A proper greeting is essential to which part of the sales process?
Allushta [10]
I’m not sure but maybe c
3 0
3 years ago
Kraus Steel Company has two departments, Casting and Rolling. In the Rolling Department, ingots from the Casting Department are
ludmilkaskok [199]

Answer:

The units started and completed is 59,900 tons

Explanation:

The computation of the number of tons started and completed during October is shown below:

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So, the units started and completed is

= 74,900 tons - 15,000 tons

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Hence, the units started and completed is 59,900 tons

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Under herbert hoover, the food administration raised the price of grain so that
Fofino [41]

Hoover raised the prices of wheat and grains during World War 1 in order to incentivize farmers to produce more for the market.  

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Which one of the following specialists is the general cashier who must have a complete understanding of the Explanation of Benef
scoray [572]

Answer:

The correct answer is letter "D": Payment poster.

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