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jenyasd209 [6]
3 years ago
5

Briefly define the concepts of management and leadership and explain at least two differences between them

Business
1 answer:
blondinia [14]3 years ago
3 0

Answer:

Leadership is the potentiality to influence behaviour , primarily towards group encouragement towards short term goal realisation & also motivating them them to achieve long term visions.

Management is the letting work done by strategisation, organisation & coordination of people & activities to achieve defined objectives.

Differences between Management & Leadership:

Leadership includes establishing strategic decision & refining vision . Management includes planning & budgeting , developing processes & setting timelines.

Management as in idea has more essence of focusing on objectives, tends to mitigate risks. Leadership as an idea is based on vision & relationship enhancement , taking risky decisions for it .

Managers plan, allocate & synchronize individual efforts in line of objectives. Leaders motivate, encourage & energise individuals in line of the vision.

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Fashion, Inc. had a Retained Earnings balance of $16,000 at December 31, 2021. The company had an average income of $6,500 over
avanturin [10]

Answer:

Total amount of dividends paid over the last three years is $20500

Explanation:

The net income of the company is either retained in the company or paid out as dividends. To calculate the value of the ending retained earnings, we use the following formula,

Ending balance = Beginning balance + Net Income - Dividends

We first need to calculate the total net income for the 3 year period. The total net income for the 3 year period is, 3 * 6500 = $19500

Plugging in the available values for the ending and beginning balance of retained earnings and net income, we can calculate the value of total dividends paid for the three year period.

15000 = 16000 + 19500 - Dividends

Dividends = 35500 - 15000

Dividends = $20500

4 0
3 years ago
You're a project manager in your company. an end user has suggested that everyone undergo extensive training to learn how to use
Sidana [21]

You're the project manager in your company. An end-user has suggested that everyone undergo extensive training to learn how to use a new system being developed. The next step you should take will be to analyze the impact of including the training in the project.

<h3>What is the role of the project manager?</h3>

The primary responsibility for designing, carrying out, overseeing, controlling, and wrapping up projects falls on project managers. The entire project scope, the project team and resources, the project budget, and the project's success or failure are all under their responsibility.

<h3>Is a project manager necessary?</h3>

Teams with project managers can divide a large undertaking into smaller, more manageable tasks. Project managers may manage their teams more effectively and respond to problems more quickly by dividing the project down into a clear sequence of assigned tasks, milestones, and deadlines.

Learn more about project team: brainly.com/question/19569405

#SPJ4

6 0
1 year ago
To test their theories, economists usually have to:____.
Vanyuwa [196]

Answer:

Confront theories predictions with evidence

Explanation:

To test economic theories, economists would observe real behavior and test it with data from the real world. Which would in turn provide evidence based on what is being tested. Confronting theories predictions with evidence is a pointer to the fact that economic theories are verifiable and their validity can be tested.

6 0
2 years ago
As the information technology advances and consumers buy products requiring more and more technology, the wages of people with h
Katyanochek1 [597]

Answer:

b. increase as the demand for high tech skills increases.

Explanation:

Due to the fact that the demand for technological products is increasing, the demand for people who possess high tech skills would also increase as firms would want to provide more tech products to satisfy the demand of consumers.

This would lead to an increase the demand for people with high tech skills. When demand exceeds supply, wages would rise.

I hope my answer helps you

6 0
3 years ago
Consider the graphic in your text that shows four quadrants for value-creating diversification strategies based on operational a
vaieri [72.5K]
8 lol just saying just saying I think it’s right
6 0
3 years ago
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