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4 years ago

Economic principles are generalizations relating to ____ tendencies in economic behavior or to the economy itself_

Business

1 answer:

DedPeter [7]4 years ago

4 0

Answer: Average

Explanation:

Economic principles are generalizations relating to average tendencies in economic behavior or to the economy itself.

It is impossible to explain the individual choices people or companies make and yet it still needs to be done so that the economy can be studied and planned. For this reason economic principles use generalizations to study and explain the economy based on the behavior of the majority of people.

Essentially they are based on perceived rational tendencies of what is expected of people and firms. This is why some economic principles are supported by one group of economists and not by others. If the principles applied to all, it would not be the case.

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Well over 50% of all projects fail. Research and discuss how the planning process plays an important role in the success or fail

BigorU [14]

Answer:

Project planning plays an essential role in helping guide stakeholders, sponsors, teams, and the project manager through other project phases. Planning is needed to identify desired goals, reduce risks, avoid missed deadlines, and ultimately deliver the agreed product, service or result.

Explanation: The key in planning is to look at each of the knowledge areas below and make sure you and your team will address each of these areas in ways that will help reach all the end goals.

Communications

Costs

Human resources

Procurement

Quality of deliverables

Business requirements

Risks

Schedules

Project scope

Stakeholders

The key to a successful project is in the planning. Creating a project plan is the first thing you should do when undertaking any project.

Often project planning is ignored in favor of getting on with the work. However, many people fail to realize the value of a project plan for saving time, money and many problems.

7 0

3 years ago

Strategic planning is the managerial process of creating and maintaining a fit between the organization's objectives and resourc

Thepotemich [5.8K]

Answer:

TRUE

Explanation:

Strategic planning is an essential tool for any company, regardless of its size or area of activity, through it the company identifies what its objectives and goals are for a period of time and develops action plans to achieve them. Through strategic planning, the company also seeks to identify its mission, vision, values, policies and procedures that will assist it in reaching its goals.

To be effective, it must be aligned with the organizational identity, be properly implemented and monitored.

7 0

3 years ago

Companies that wish to establish a culture of sustainability can ________. vary the type and timing of its sustainability activi

saul85 [17]

Answer:

create rituals to demonstrate the company's efforts to support sustainability action.

Explanation:

If a company wants to incorporate a culture of sustainability in its organization it should bring everyone on board with its goals.

Defining a culture in an organization is difficult and in intangible. Company should involve employees to clearly express its views about sustainability and create a culture to support company's efforts toward sustainability actions.

7 0

3 years ago

Read 2 more answers

Your current account balance is $215. You have $322 of expenses each month. Your income is $444 per month. How long will it take

Sladkaya [172]

Around 7 months is the answer

7 0

4 years ago

American General Company experienced the following accounting events during 2014:

12345 [234]

Answer:

1. Operating Activities (OA)

2. Financing Activities (FA)

3. Financing Activities (FA)

4. Investing Activities (IA)

5. Operating Activities (OA)

6. Operating Activities (OA)

7. Investing Activities (IA)

8. Financing Activities (FA)

9. Not applicable (NA)

10. Financing Activities (FA)

Explanation:

Statement of cash flows is one of the three major financial statements. The statement analyses the cash generated and cash expended by an entity in a given period. The statement collates the analysis under three categories

1. Operating Activities

2.Investing Activities

3.Financing Activities

Operating activities comprise of cash generated and expended by the entity on its normal business operation during the period. Examples of this are cash received from customers, cash paid to suppliers, rent paid to landlord, cash expenses paid etc.

Investing activities consist of cash activities involving acquisition and disposal of assets and investment. Examples of such are cash receipt from sales of equipment, cash spent on purchase of investment securities.

Financing activities are cash activities involving the entity and provider of capital, equity owner and debt holder. Example of such activities are cash generated from issuance of bond, cash dividend paid to equity owner.

4 0

4 years ago

Economic principles are generalizations relating to __________ tendencies in economic behavior or to the economy itself_______

Economic principles are generalizations relating to ____ tendencies in economic behavior or to the economy itself_