Answer:
The statement is true
Explanation:
Controlling managerial function is the one which is described as the function of the management, that helps in seeking the planned results or outcome from the managers and subordinates and at all the levels of the business or company.
This functions helps in evaluating the progress towards the goals or objectives of the company and bring out any deviations and also indicate the corrective measures or actions.
So, the statement is true because controlling is monitoring as well.
Answer:
Explanation:
A tool for organizing important information about the competition.
competitive matrix
Those most likely to buy your products and services
target customers
The distribution channel through which your product or service flows from the producer to the customer. value chain
A distinct aspect, quality, or characteristic of a product or service
feature
Something that promotes or enhances the value of the proctor service to the customer. benefit
A group of businesses with a common interest, such as financial services, computers, retail, or groceries. industry
End-users of the service. Beneficiaries
Working model of a new product. Describes how you intend to create and
capture value with your business concept. prototype
Answer:
Explanation:
One of these occurs when costs are not paid for, as in pollution, the other is when there is an imbalance of knowledge between buyer and seller. Pollution can be a consequence that cannot be solved with money and can also be socially irresponsible for a company. On the other hand, an imbalance of knowledge can prevent a company from profit maximization if the seller does not understand the product or services that the buyer is selling.
Answer:
Explanation:
a. The answer to question (a) goes thus:
Direct materials will be:
= (1,100 × $2.60) × $4.80
= $13,728
Direct labor will be:
= (1,100 × 1/2) × $14.00
= $7,700
Overhead will be:
= $7,700 × 90%
= $7700 × 0.9
= $6,930
b. The standard cost of one unit of product will be calculated as follows:
Direct materials = ($2.60 × $4.80) = $12.48
Add: Direct labor (1/2 × $14.00) = $7.00
Add: Overhead = ($7.00 × 90%) = $6.30
Standard cost = $12.48 + $7.00 + $6.30 = $25.78
