Answer:
b. Financial statements are frequently the basis used for performance evaluations.
Explanation:
The financial statements are the accounting reports of an organization, through these documents it is possible to analyze what is the financial situation of a company in the internal and external environment, what are its greatest strengths and weaknesses.
They are instruments for evaluating organizational performance because they provide essential information about the general accounting situation of a company, which ensures greater reliability for a manager to make a decision directed to correct a problem or strategic implementation to achieve a certain result. It also allows stakeholders to analyze essential data and information when deciding to invest or do business with a particular company.
Answer:
B
Explanation:
the company is achieving its financial and strategic objectives and whether it is an above-average industry performer.
Answer:
C) $8,100
Explanation:
A foreign exchange gain happens when one company engages in foreign trade or foreign direct investment and when they convert the foreign currency into domestic money, the final amount is larger than originally expected. This happens because the exchange rate is not fixed, and if the foreign currency appreciated, then a gain will result since more domestic money will be received. On the other hand, if the foreign currency depreciates, this will result in a loss.
Answer
Some of the hindrances of rational decision maker by managers are;
• Cognitive biases
• Time pressure
• Group conflict
Explanation
Decision making process is controlled by an individual’s personality and behavioral traits. Objective judgments by managers can be disrupted by subjective biases. Cognitive biases such as halo effect and overconfidence can act as a barrier to rational decision making.
Time pressure can distort the process of making a rational decision thus resulting to less objective individual judgment which is influenced by intuition. Managers with ample time arrive at a more logical and highly crafted decision than those who feel they have insufficient time.
Both interpersonal and group dynamics can create a barrier towards making an effective decision.
<span>The spotlight on small business box "earning while learning" features students who turned a social passion into a business opportunity. It is more than a necessity when we say “earning while learning”. It can be stated that it is much beyond the poor financial conditions of the families they belong on the basis why a college- going student decides to work while studying. One of the possibilities why a student wants to work is because maybe students learn more while they work, as compared to their learning in the confines of the college classrooms. From 1989 to 2008, a study says that 70 per cent to 80 per cent of undergraduates were employed. It’s also stated that students work whether they are in high school or college; whether they are rich, poor, or somewhere in between; whether they are young and inexperienced or mature and experienced. It is truly beneficial for the students for they take part in internships and community-based projects which appear to lead students into jobs that offer new challenges, serve a social purpose, and provide opportunities for continued learning.</span>
