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Paraphin [41]
3 years ago
10

Problem-solving is an interpersonal ability to take corrective action in a problem situation in order to meet desired objectives

.
A. True
B. False
Business
1 answer:
julsineya [31]3 years ago
8 0

Answer:

True.

Explanation:

Problem-solving is an interpersonal ability to take corrective action in a problem situation in order to meet desired objectives.

The problem-solving skills is an essential and very important attribute that is meant to be possessed by each and every leader. A problem-solving skill is one of the most important part of conceptual skills and it involves the use of an individual's interpersonal or cognitive ability to take corrective action when faced with a problematic situation in order to meet the desired or set objectives in an organization or team. There are basically four (4) essential steps to solving a problem and these are;

1. You should identify the problem.

2. Design an alternative solution to the problem.

3. Evaluate the solutions and choose the best among the solutions.

4. Execute the solution deemed to be best and most effective.

You might be interested in
The Sports Warehouse operates in two distinct segments; equipment and apparel. The income statements for each operating segment
tatuchka [14]

Answer:

1.

Vertical analysis of The Sports Warehouse's two operating segments.

                                         Equipment                 Apparel

                                       Amount$       %        Amount$        %

sales                                1,700,000   100       2,850,000     100

Cost of goods sold         1,100,000    64.7     1,400,000      49.1

Gross profit                     600,000     35.3     1,450,000       50.9      

Operating expenses      250,000      14.7      500,000         17.5

operating income           350,000      20.6     950,000        33.3

other income/expenses 25,000        1.50      (60,000)         2.1

income before tax          375,000       22.1      890,000        31.22

income tax expense       90,000        5.30     280,000        9.8

net income                      285,000      16.8      610,000        21.4

2.

The a) Apparel segment is more profitable than the b) Equipment segment

Explanation:

1.

Vertical analysis ios made by taking a percentage of each lsited items of income statement to a base value. Normally the base value is the sales value. In this question I have calculated all the percentage based on the sales value.

2.

Gross Margin

By comparing the Gross margin of both segments, 50.9% of apparel is more than that of 35.3% of Equipment. So, Apparel segment is more profitable.

Net Margin

By comparing the Net margin of both segments, 21.4% of apparel is more than that of 16.8% of Equipment. So, Apparel segment is more profitable.

4 0
2 years ago
Read 2 more answers
Mayree is the owner of Spines Books, a small eclectic-style bookstore in a bustling college town. Mayree prides herself in selec
Mila [183]

Answer:

Inventory turnover

Explanation:

From the question we are informed Mayree who is the owner of Spines Books, a small eclectic-style bookstore in a bustling college town. Mayree prides herself in selecting hard-to-find books and magazines that her clientele enjoy. Recently, Mayree is experiencing a cash flow shortage, and she is concerned that she may be purchasing too many copies of each title. Having recently completed a business class, I can suggest to Mayree that she calculate the Inventory turnover ratio for her store, and then compare it to other stores in her industry. Inventory turnover can be regarded as rate at which particular company make sales of it's stock of goods and make replacement of its stock of goods during a particular period.

The inventory turnover ratio can be regarded as formula which is cost of goods that is been sold divided by average inventory within the same period.

Mathematically,

inventory turnover=[Net sales/ Average inventory at particular selling price]

3 0
2 years ago
What type of control focuses on measuring a company’s products territories, customer groups, segments, trade channels, and order
alex41 [277]
Your answer is Profitablity
4 0
3 years ago
Problem 5-30 Graphing; Incremental Analysis; Operating Leverage [LO5-2, LO5-4, LO5-5, LO5-6, LO5-8][The following information ap
WARRIOR [948]

Answer:

Break Even Point

In Units = 2,000 units

In value = $80,000

Explanation:

Break even Point = \frac{Fixed\ Cost}{Contribution}

When we use contribution per unit, we get the break even point in units sales.

When we use the contribution margin as a percentage of sales we get break even sales in value.

Contribution per unit = $20

Contribution margin in percentage = $20/$40 = 50%

Therefore, Break even Point in units = \frac{40,000}{20} = 2,000

Break even units = 2,000

Break Even Point in value = \frac{40,000}{0.50} = 80,000

Sales to be made in value at break even = $80,000

8 0
3 years ago
Sunland Company uses the percentage-of-receivables method for recording bad debt expense. The Accounts Receivable balance is $31
Alinara [238K]

Answer: $15,500

Explanation:

First we calculate the estimated Uncollecteble debt,

= 6% of 310,000

= 0.06 (310,000)

= $18,600

We will then subtract the existing $3,100 to find out how much we will send to the Bad Debt Expense account because the amount already in the account needs to be included in the $18,600.

= 18,600 - 3,100

= $15,500

We will therefore Debit the Bad Debt Expense account with $15,500 and Credit the Allowance for Doubtful Accounts with the same amount.

If you need any clarification do react or comment.

5 0
3 years ago
Read 2 more answers
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