Answer: Bottom up budgeting leads to accuracy and motivation of workers.
Explanation:
Bottom-up budgeting is defined as a budgeting technique that commences at the department level and then proceed to the top level. Every department in the organization makes a list of the things needed. The list include its planned projects and cost estimates for the following financial period. The estimates derived from every department are then added together to get the company's budget.
The advantages of bottom-up budgeting are:
1. Accuracy: In bottom-up budgeting, budget estimates are calculated from the lowest to the highest level and this helps to improve the accountability and accuracy of the budget.
2. Employee motivation: Workers are challenged and motivated to work hard when they are part of the budget making process of the company. They are contented and feel they're a part of the company and hence, strive to work harder.
Answer:
Supply Chain Management
Explanation:
Supply chain management is the backbone of any organisation. It connects all the sectors of a firm into one chain that is the manufacturers, stores, warehouse, suppliers, wholesalers and retailers. It is the process of movement of services and goods or raw material and involves all the process to transform the raw material into the final product.
I think this is important without a doubt . You might need to use that money someday for yourself but won't have it because you spent it on a HUGE list of groceries. If you put some money aside for yourself, you will have money that your allowed to do anything with (saving, buying clothes, buying cars, etc.) You should always save some of your payment that way you always have extra money in case of any money emergenies or such.
Answer:
d. envisioning high-quality sportswear and realizing high sales
Explanation:
At the first step of strategic planning process he identifies the opportunity which lies in high quality sportswear. At the last step execution is done for making the opportunity being realized by achieving the high sales.
Options to the question are: " a. finding producers and establishing a corporate culture
; b. establishing a corporate culture and formulating a marketing strategy
; c. formulating a marketing strategy and envisioning high-quality sportswear
; d. envisioning high-quality sportswear and realizing high sales
Answer: Ethnocentric orientation
Explanation:
The options are;
A. Regiocentric orientation
B. Geocentric orientation
C. Polycentric orientation
D. Ethnocentric orientation
E. Multicentric orientation
Ethnocentric orientation is an orientation whereby one believes that their home country is superior and better than other countries and this orientation usually leads to lost opportunities that could have been used by a company to expand. Managers who see the world as a big marketplace typically have geocentric orientation.
