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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:

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Which of the following versions of corporate social responsibility suggests that the long - term financial well - being of every
AURORKA [14]

Answer:

Sustainability

Explanation:

Sustainability is based on addressing current requirements without undermining future coming generations ' capacity to satisfy their desires.Sustainability motivates companies to shape choices in respect of time period rather than on the income release for the next quarter and recognize more determinants than just the gains or losses associated.

     Enterprises can fulfill their environmental requirements by reducing emissions, reducing energy use, importing fair trade goods and checking that their material garbage is appropriately dropped of and with a minimum carbon footprint emission.

Thus, from the above we can conclude that the correct option is B.

4 0
3 years ago
A principal objection to the straight-line method of depreciation is that it...(a)provides for the declining productivity of an
enot [183]

Answer: Option B

Explanation: Under the straight line method of depreciation, the value of the asset is divided equally to its useful life. It is computed as follows :-

=\:\frac{Cost\:-salavge\:value}{useful\:life}

NOW,

A. Straight line method as per the above equation provides for equal productivity.

B. Dividing the usefulness equally results in ignorance of change in the rate of asset use as the asset may be used less initially but more in later years.

C. As the expense from the method remains same and the actual value of the asset diminishes it results in higher rate of return.

D. Decreasing charge method charge depreciation on written down value whereas straight line charges t initial cost thus it gives higher write offs than decreasing charge.

6 0
3 years ago
True or False: Victoria's Secret, with its low-priced holiday discounts, exemplifies a firm pursuing cost-leadership; while Wal-
Alexeev081 [22]

Answer:

False.

Explanation:

The Victoria's part is true she is pursuing cost leadership by keeping it's price low although the Walmart's example is not related to differentiation strategy of competitive advantage. Because keeping mix of products is not differentiation, it's not unique.

  • Porter suggested 4 strategies and he believed that by using one of these strategies companies can gain <em>competitive advantage. </em>

The 4 strategies for competitive advantage:

  1. Cost Focus.
  2. Cost leadership.
  3. Differentiation Focus.
  4. Differentiation Leadership.

6 0
3 years ago
Read 2 more answers
In general, _____ works best in relatively stable environments where employees can focus on improving the productivity, cost sav
Dennis_Churaev [7]

Answer:

The correct answer is gainsharing.

Explanation:

Gainnsharing plans, also known as shared productivity plans, are characterized by sharing the benefits of improved productivity, reduced costs and / or improved quality. In many of them, plants add shared supplements instead of replacing existing compensation systems.

With such plans, the administration calculates the incentives every month. It is customary for only two thirds of the incentives earned in a given payment period to be distributed. The three shared productivity plans presented are: Scanlon, Rucker and IMPROSHARE. These three productivity plans are flexible in terms of the personnel included in them.

7 0
3 years ago
Oromyx Inc., a manufacturer of home appliances, received consumer complaints about its product demonstration and installation se
Klio2033 [76]

Answer:

B) customer satisfaction

Explanation:

Customer satisfaction is a measure that shows how happy the customers are with the products and services of the company. In this scenario, the work team improved the customer satisfaction because when the employees were trained, they were able to offer a better service which increased customer satisfaction and this was reflected in the service ratings and the rise in sales.

4 0
4 years ago
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