Answer:
The answer is below
Explanation:
The technical and socio-cultural dimensions of project management are two sides of the same coin because while they are different, they serve the same purpose. Project managers need to possess and apply both skills to be successful in project management.
The technical dimensions of project management include stuff like the scope of work, time duration, resource allocation, etc. In contrast, the sociocultural dimensions of project management have organizations' cultures and values. Both of which are essential to a project management success
To be useful for decision making, information should possess the fundamental qualities of relevance and <u>Faithful representation</u>.
<h3>What is faithful representation?</h3>
Faithful representation can be defined as the financial accounting concept that stated a company financial position which they present should be correct with what the company has as their financial statement.
It is paramount that a company a financial statement is accurate to what they present in the financial statement and should not be compromise.
Therefore To be useful for decision making, information should possess the fundamental qualities of relevance and <u>Faithful representation</u>.
Learn more about Faithful representation here:brainly.com/question/14506917
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Answer:
Sales Revenue - Inconsistent
Cost of Goods Sold - Inconsistent
Commission - Consistent
Shipping expense - Inconsistent
Bad debt expense - Unexplained
Salaries - Consistent
Lease of distribution center - Consistent
Depreciation of fleet and equipment - Inconsistent
Advertising - Consistent
Office rent, Phone, Internet - Inconsistent
Explanation:
The increase in selling price will result in change in the revenue figure. The cost of distribution is increased due to handling the addition volume. This will result in an increase in shipping expense and cost of goods sold. Salaries and commission of the staff will remain consistent as there will be no change due to increase of selling price.
The systematic response coefficient from inflation, would result in a change in any security return of <u>3.2 βI</u>.
<u>Explanation</u>:
<em><u>Given</u></em>:
Expected rate of inflation = 3%
Actual rate of inflation = 6.2%
The change in security return can be calculated by obtaining the differences between actual and expected levels of inflation.
Change in security return= Actual rate of inflation- Expected rate of inflation
= 6.2%-3%
= 3.2%
<u>Change in security return= 3.2 βI
</u>
<u></u>
Answer:
The correct answer is:
o A benefit of goals is that they help motivate employees.
o One of the drawbacks of plans is that they can create a false sense of security.
Explanation:
As a manager, working with employees to set goals is a great activity to motivate employees. But setting goals with employees has a disadvantage that they may create a false sense of security they may feel that everything is just taken for granted and is therefore considered as a disadvantage. Plans can be flexible to the changing environment.
