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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>

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The Widget Co. purchased new machinery three years ago for $4 million. The machinerycan be sold to the Roman Co. today for $2 mi
Oduvanchick [21]

Answer: A. $4,600,000; $3,900,000

Explanation:

Based on the information that have been provided in the question, the book value will be calculated as:

= Net working capital + Current liabilities + Net fixed assets

= $725,000 + $1,375,000 + $2,500,000

= $4,600,000

Market value will be:

= $1,900,000 + $2,000,000

= $3,900,000

Therefore, the answer is option A.

4 0
3 years ago
Could the price elasticity of supply for a particular good differ between the short-run and the long-run? Explain with an exampl
dimaraw [331]

For produced goods, supply is typically more elastic over the long term compared to the short term because it is generally believed that over the long term, all production factors can be used to increase supply, whereas over the short term, only labor can be increased and even then, changes may be prohibitively expensive.

Because consumers don't have time to look for alternatives, demand is typically more price inelastic in the short term. Consumers eventually grow more aware of their options. The responsiveness of demand to a change in price is measured by price elasticity of demand. Electricity demand's price elasticity is higher over the long term and lower over the short term.

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6 0
1 year ago
Before prorating the manufacturing overhead costs at the end of 2020, the Cost of Goods Sold and Finished Goods Inventory accoun
Art [367]

Answer:

the Cost of Goods Sold balance after the proration is $56,140 (none of the suggested solutions)

Explanation:

<em>Step 1 Consider whether there was an Over or Under Application of Overheads.</em>

Applied Manufacturing Overhead $98,400 > Actual Manufacturing Overhead $93,000

Overheads were thus Over-Applied by $5,400

<em>Step 2 Allocate the Over- Application of Overheads to Closing Inventory in proportion to their weightings</em>

Item                                                             Total         Weight %      Allocation

Cost of Goods Sold                                 $59,400        60.37%        3,260

Finished Goods Inventory accounts      $39,000         39.63%        2,140

Total                                                         $98,400       100.00%        5,400

Balances after allocation :

Cost of Goods Sold = $59,400 - $3,260 = $56,140

<em></em>

6 0
4 years ago
Read 2 more answers
The following statements regarding merchandise inventory are true except: Multiple Choice Merchandise inventory refers to produc
seraphim [82]

Answer:

Merchandise inventory appears on the balance sheet of a service company.

Explanation:

A service company sells services, not goods. Services are intangible, therefore they cannot be stored, so there cannot exist an inventory of unused services.

Merchandise inventory includes the goods that a business owns and will try to sell, and buying and selling them is part of the business's normal activities. The cost of the goods included in the merchandise inventory may include freight costs and packaging costs, depending on what type of product they are selling. Merchandise inventory is a current asset account.

8 0
3 years ago
Ethical Concerns in Human Resources
Dennis_Churaev [7]

Answer:

Ethical Concerns in Human Resources

Matching Ethical Issues with Ethical Concerns:

A. Mike, a new employee, was distressed to learn that he was expected to help with the illegal dumping of medical waste.

3. Right of freedom of conscience

B. One of the important messages of HIPPA (the Health Insurance Portability and Accountability Act) is the need to keep employee health records confidential.

2. Right of privacy

C. Sharon complains because the employer hired her for the day shift, but now she is expected to work the midnight shift.

5. Right of free consent

D. Many companies establish Employee Assistance Programs (EAPs), which offer employees many important benefits, including a complaint process so that employees will feel free to share their concerns.

1. Right of freedom of speech

E. Ed felt he was being demoted because of his age, not of his performance, so he asked for a meeting with the director of HR.

4. Right to due process

Explanation:

Data:

Ethical Concerns:

1. Right of freedom of speech

2. Right of privacy

3. Right of freedom of conscience

4. Right to due process

5. Right of free consent

b) Ethical principles:

Mutual benefits: This principle refers to equity in sharing benefits and costs.

Assumption of responsibility: This principle demands accountability with responsibility.

Having a sense of purpose or vision: This principle refers to the fulfilment of purpose that is considered reasonable by others.

Fairness: The principle requires the absence of favoritism  and discrimination.

8 0
3 years ago
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