1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Black_prince [1.1K]
3 years ago
8

Control is the mechanism for making sure the other three managerial functions--planning, organizing, and leadership--are operati

ng smoothly.
A. True
B. False
Business
1 answer:
Salsk061 [2.6K]3 years ago
5 0

Answer:

True.

Explanation:

Control is the mechanism for making sure the other three managerial functions such as planning, organizing, and leadership are operating smoothly.

Control is basically one of the key functions of the management in an organization and as such it is an essential goal-oriented function of managers or supervisors or the top executives working in an organization.

Generally, it is a management strategy that is being used to set predetermined standards and checking for compliance or accuracy among employees with these standards and requirements. Also, if the standards aren't followed by the employees, control is used to detect the errors and eventually to take corrective actions so as to achieve organizational goals, objectives, mission and vision.

Hence, the purpose of control by management is to minimize deviation from standards by the employees working in an organization and to ensure that their actions or activities are in tandem with the stated goals of an organization. Also, if an organization wishes to attain greater heights, remain competitive or have a competitive advantage over industry rivals it is very important that it's managers use control effectively.

<em>In a nutshell, control is a strategic function that regulates, guides and protects the activities of an organization. </em>

You might be interested in
Use an online yellow pages directory to find a company in your area that has a website on which it has an annual report, includi
kiruha [24]

The direct method only takes the cash transactions into account and produces the cash flow from operations. The cash flow indirect method makes sure to automatically convert the net income in terms of cash flow.

A major advantage of the indirect method of cash flows is that the method provides a reconciliation between net income and cash flows. The indirect method also helps financial-statement users better understand different linkages among financial statements and is a simple way of preparing the statement of cash flows.

Which is better the direct or indirect method of cash flows statement?

Direct cash flow statement is broadly accurate as it does not rely on adjustments and hence it takes less to time prepare cash flows statements. The indirect cash flow method cannot be regarded as accurate as it accounts for adjustments and it generally requires more time in preparation.

How do you tell if a company uses direct or indirect method?

While both are ways of calculating your net cash flow from operating activities, the main distinction is the starting point and types of calculations each uses. The indirect method begins with your net income. Alternatively, the direct method begins with the cash amounts received and paid out by your business.

Learn more about cash flow statement:

brainly.com/question/24179665

#SPJ4

6 0
2 years ago
Under GASB guidance when should an item be recognized on the face of the financial statements? Under whatconditions, would the G
aleksandrvk [35]

Answer:

If it satisfies the definition of an element and is also measurable with a high degree of reliability and accuracy

If there is a lack of clarity of any items found within the financial statement

Explanation:

According to the governing body the Governmental Accounting Standards Board, an item is only accepted in the face of a financial statement if it satisfies the characteristics of an element and must be measurable. The level of accuracy and reliability in these measures must also be high.  

When there is any item found in the financial statement that lacks clarity, it is important to tag the statement with a note disclosure stating what is not clear to you. If this is done, the user is able to understand each items in the statement.

6 0
4 years ago
The problem of determining what goods and services society should produce: would not exist if government owned all of the resour
kenny6666 [7]

Answer:

exists because there are not enough resources to provide all of the goods and services that people want.

Explanation:

Factors of production can be defined as the fundamental building blocks used by individuals or business firms for the manufacturing of finished goods and services in order to meet the unending needs and requirements of their customers.

The four factors of production are;

I. Land: this refers to the natural resources and raw materials extracted from the ground or grown in the soil e.g oil, gold, rubber, cocoa, etc.

II. Labor (working): this is the human capital or workers who are saddled with the responsibility of overseeing and managing all the aspects of production.

III. Capital resources: it includes the physical assets used for production of goods and services such as equipment, money, plant, etc.

IV. Entrepreneurship: it is intellectual capacity required to drive a business and the skills to develop an idea into a money making venture (business).

These four (4) factors of production when combined effectively and efficiently are used for the manufacturing or production of goods and services that meets the unending requirements or needs of the consumers.

However, the problem of determining what goods and services society should produce in order to meet the unending requirements or needs (demands) of consumers, exists because there are not enough resources such as the factors of production to provide all of the goods and services that consumers want.

4 0
4 years ago
At year-end (December 31), Chan Company estimates its bad debts as 0.80% of its annual credit sales of $654,000. Chan records it
allsm [11]

Answer and Explanation:

The journal entries are shown below:

On December 31

Bad debt expense Dr  $5,232      ($654,000 × 0.80%)

      To Allowance for doubtful debts  $5,232

(To record the bad debt expense)  

On Feb 01

Allowance for doubtful debts Dr $327

     To Account receivable $327

(To record the uncollectible amount)

On June 5

Account receivable $327

         To Allowance for doubtful debts Dr $327

 (To record the uncollectible amount)

On June 5

Cash Dr $327

  To Account receivable $327

(To record the cash received)

7 0
3 years ago
Marks Corporation has two operating departments, Drilling and Grinding, and an office. The three categories of office expenses a
Ivenika [448]

Answer:

$11,400

Explanation:

The expenses are allocated to different department based on different suitable allocation basis. These basis are also known as the cost drivers.

As per given information

Office Expenses     Total           Allocation Basis

Salaries                   $42,000    Number of employees

Depreciation           $30,000   Cost of goods sold

Advertising             $64,000    Net sales

Item                                Drilling      Grinding     Total

Number of employees   1,200         1,800         3,000

Net sales                      $370,000   $555,000  $925,000

Cost of goods sold      $125,400    $204,600  $330,000

Depreciation is allocated to department based on the cost of goods sold by each department.

Depreciation expense allocation

To drilling department = Depreciation expense x Cost of goods sold ratio = $30,000 x $125,400 / $330,000 = $11,400

5 0
3 years ago
Other questions:
  • Suppose the comedy club had a monopoly and a marginal cost of $7 per entrant. Suppose the club could perfectly price-discriminat
    6·1 answer
  • LO 4.2Which document shows the cost of direct materials, direct labor, and overhead applied for each specific job?
    5·1 answer
  • If the demand for clothing increases by 8% when income increases by 10%, the income elasticity of clothing, using one decimal pl
    5·1 answer
  • A manager with _______ skills has the ability to deal effectively with people inside and outside the organization.
    11·2 answers
  • Anita, a cash basis taxpayer, sued her former employer for wage discrimination. Her attorney agreed to pursue the case on a cont
    5·1 answer
  • An employee earns $36 per hour and 1.75 times that rate for all hours in excess of 40 hours per week. Assume that the employee w
    10·1 answer
  • Why is the free enterprise system subject to business cycles?
    10·2 answers
  • Jon Seceda Furnace Corp. purchased machinery for $315,000 on May 1, 2020. It is estimated that it will have a useful life of 10
    11·1 answer
  • The profit mark-up is a percentage of the cost price which is added to the cost price in order to calculate the selling price.
    7·1 answer
  • The Audi A6 is a luxury sports sedan known for its muscular design and exceptional performance. The Audi brand evokes a sense of
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!