Answer:
C encourage employee participation while setting goals.
Explanation:
Goals are ideas in which an individual or group of people or organization aim to achieve within a stipulated time.
While top managements of organizations are saddled with the responsibility of setting goals and cascaded to lower managers and subsequently junior employees, it is now essential that employees are encouraged to participate in these goal settings.
By involving employees in goal settings, there would be increase in goals commitment thereby leading to dedication amongst employees and subsequently results to attainment of such goals.
Answer:
Receivables Turnover Ratio is 4
Explanation:
Computation of Average Receivables
Opening Receivables $ 40,000
Ending receivables <u>$ 60,000</u>
$ 100,000
Average receivables $ 50,000
Net Credit Sales $ 200,000
The Receivables Turnover ratio is calculated by dividing the Net Credit Sales by the Average Receivables.
Receivables Turnover Ratio = Net Credit Sales / Average Receivables
$ 200,000/ $ 50,000 = 4
Answer: Simple interest is calculated only on the principal amount, when compounded is calculated on the principal amount and the interests.
Explanation:
Hi, the difference between compounding and simple interest is that the simple interest is calculated only on the principal amount deposited, the original amount.
A = P (1 + rt)
In the other hand, compounded interest is calculated on the principal amount and in the accumulated interests of the different periods (interest on interest)
A = P (1 + r/n) (nt)
n is the number of times that interest is compounded per unit t
Answer: False
Explanation:
In an emerging market, there are only a few firms as the product is new and so has not been copied extensively yet. As a result, only a small set of firms are dominant in the market.
As the market grows and firms see that there is profit to be made, they will come into the market and this will increase the number of firms and reduce the dominance of the earlier firms.
