In Business Management, tt is critical that top managers <u>implement </u>the decision and then assign middle managers the responsibility to make follow-up decisions as appropriate to achieve the goal.
<h3>What is decision-making in business management?</h3>
This refers to the art of recognizing actionable steps that are related to the attainment of business objectives, then identifying and act steps that must be taken to actualize them by making and implementing decisions.
It is thus correct to state that implementation is key to decision-making.
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Answer:
$198,000
Explanation:
Following amount of property tax revenues should the city report in the government-wide financial statements for the current fiscal year
During the year collection = $170,000
During the first two months of the following year = $25,000
Prior year taxes = $3,000
Total = $170,000 + $25,000 + $3,000 = $198,000
11,300 is the answer because it the total price
Answer:
$21.72
Explanation:
Sales tax is 6%
The cost of the oven is $362
Sales tax for the oven will be 6% of $362
=6/100 x $362
=0.06 x $362
=$21.72
Answer:
The correct answer are A and E.
Explanation:
Cost leadership is where the company intends to be the lowest cost producer in its industrial sector. The company has a broad picture and serves many segments of the industrial sector, and can still operate in related industrial sectors. The breadth of the company is often important for its cost advantage. The sources of cost advantages are varied and depend on the structure of the industrial sector. They can include the persecution of economies of scale of own technology, preferential access to raw materials.
A successful cost leadership strategy is disseminated throughout the company, as evidenced by high efficiency, low overhead, limited benefits, waste intolerance, thorough review of budget requests, extensive control elements, rewards linked to cost concentration and extensive employee participation in attempts to control costs.
Some risks of following cost leadership is that competitors could mimic the strategy, decreasing the profits of the industry in general; that technological advances in the industry could make the strategy ineffective or that the interest of the buyers could be diverted towards other characteristics of differentiation besides the price.
