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ruslelena [56]
3 years ago
15

Explain the utility of statistics as a manegerial tool​

Business
1 answer:
Veseljchak [2.6K]3 years ago
5 0

Answer:

"Statistics is a board of method for maintaining knowledge. It is a simple and economical method to find the means and valuable data even for large numbers. In a managers life it is a very helpful tool to do analysis and making business growth values and make right forecast".

Explanation:

You might be interested in
The tool that lists ages, names, education, capabilities, training, specialized skills, and other relevant information about an
ladessa [460]

The tool that lists ages, names, education, capabilities, training, specialized skills, and other relevant information about an organization's employees is called a <u>Human resource inventory</u>.

Human Resource Inventory is also known as the skills inventory which comprehensively lists down the basic information on all the employees working in an organization or a company.

This inventory has information on education, skills, experience, age, salary-related data, job preference, and special achievements of employees.

The information contained in the human resource inventory should also be used by recruiters to consider the individual for other job openings that might come up in the future.

Hence, the human resource inventory contains information of working employees.

To learn more about the Human resource inventory here:

brainly.com/question/15854313

#SPJ4

6 0
2 years ago
Most of the significant decisions in contemporary organizations are made under which decision-making condition?
ivanzaharov [21]

Answer:

A state of uncertainty.

Explanation:

The state of uncertainty is a condition of decision making that can be defined as the risk associated with the manager of making an ineffective decision to solve the expected problem. This is due to the complexity of the current business environment, which ensures that there are inherent risks when making a decision, since there are many variables involved in the current competitive market whose manager does not have full knowledge, so uncertainty exists when making a complex decision.

What the manager can do to minimize uncertainty is to adopt an analytical thinking that gathers the available information and his experience so that risks are minimized, such as the use of statistical analysis and analysis of the variables involved in the decision-making process, to judge the least risky option and try to make the right decision.

3 0
3 years ago
Explain the point of view of why the gender pay gap in sports is reasonable.
Svetach [21]

Answer:

In the world of sports, there is a notorious wage gap between men and women, in which male athletes earn much higher wages than women. Thus, for example, the best soccer player in the world, the Argentine Lionel Messi, earns about $ 100 million a year, while the best-paid female soccer player is the American Alex Morgan, who earns about $ 500,000 a year.

This huge gap has its logic in the world of advertising: men, due to physical and anatomical characteristics, have a better performance in sports in general (with some exceptions), with which their performance is more spectacular than that of female athletes, thus generating a larger audience and, therefore, generating higher advertising revenue. Because of this situation, that is, to generate higher income, it is that male athletes earn more money than female athletes.

6 0
3 years ago
For the current year, Klay Corporation reports the following information:
DerKrebs [107]

Answer:

The company’s cash flows from operating activities was a cash inflow of $5,000

Explanation:

Cash at the end of the year = Cash at the beginning of the year + Net cash inflows from investing activities + Net cash inflows from financing activities + Net cash inflows from operating activities

Therefore,

Net cash inflows from operating activities = Cash at the beginning of the year + Net cash inflows from investing activities + Net cash inflows from financing activities - Cash at the end of the year = $340,000 + $40,000 + $45,000 - $420,000 = $5,000 >0

The company’s cash flows from operating activities was a cash inflow of $5,000

7 0
3 years ago
Read 2 more answers
Pack Company had the following data: Service Revenue $10,000 Cash $12,000 Accounts Receivable $3,000 Office Supplies $4,000 Rent
mina [271]

Answer: $19,000

Explanation:

Given that,

Service Revenue = $10,000

Cash = $12,000

Accounts Receivable = $3,000

Office Supplies = $4,000

Rent Expense = $2,000

Salaries Expense = $1,200

Utilities Expense = $800

Accounts Payable = $3,200

Amount of total Assets = Cash + Accounts Receivable + Office Supplies

                                      = $12,000 + $3,000  + $4,000

                                      = $19,000

7 0
3 years ago
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