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zzz [600]
3 years ago
10

"Markets are not always perfectly competitive and some firms consistently outperform industry averages. This suggests that firm

performance is also influenced by the presence of bright, motivated managers and their keen sense of innovative products or processes"
Business
1 answer:
Mekhanik [1.2K]3 years ago
3 0

Answer:

Effectiveness, Efficiency in management to achieve organisation goals/ objectives - survival, profit & growth : can make some firms consistently outperform industry averages

Explanation:

Effective & Efficient Management , keen to make organisation achieve its short term & long term goals : can make firm(s) outperform industry average.

Management is the art of getting things done with the aim of achieving organisation goals/ objectives . Organisational objective include : Survival , Profit (market standing) & Growth (innovation) . Effectiveness (getting things done on time) & efficiency (getting best output out of least input) are core aspects of organisation goals achievement.

Good management is very crucial to an organisation's successful performance.  It can make organisation achieve right targets at the right time in the right manner. This correct coordination of activities, time & manner can make an organisation realise its potential to the fullest & outshine in its industry.

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On July 1 of the current year, the assets and liabilities of John Wong, DVM, are as follows: Cash, $10,687; Accounts Receivable,
Agata [3.3K]

Answer:

The amount of stockholders' equity as of July 1 of the current year is $39,994

Explanation:

In John Wong, DVM, on July 1 of the current year:

Total asset = Cash + Accounts Receivable + Supplies + Land = $10,687 + $8,307 + $1,853 + $24,857 = $45,704

Liabilities = Accounts Payable = $5,710

Basing on accounting equation:

Total asset = Liabilities + Stockholders' Equity

Stockholders' Equity  = Total asset - Liabilities = $45,704 - $5,710 = $39,994

7 0
3 years ago
As a result of the growing trade with the Europeans, the Woodland Indians gradually abandoned their culturally based system of t
puteri [66]

Answer: True

Explanation:

The Woodland Indians which included the Iroquois practiced a form of war known as MOURNING WARS where they invaded or went to battle, not to claim land like the Europeans but rather to avenge the death of a loved one.

Captured combatants were regularly assimilated to replace the dead loved ones and no lands were claimed.

This changed after they met the Europeans and they gradually began to seize land and establish trade centres.

3 0
3 years ago
Formal tax definition<br>​
const2013 [10]

Answer:

Formal tax legislation is the process by which a proposed tax rule or tax change may become law in the United States. Formal tax legislation follows specific steps as defined by the U.S. Constitution.

Explanation:

4 0
2 years ago
Read 2 more answers
What is an interest rate usually shown as?
SCORPION-xisa [38]
Percentage, hope that helps
7 0
3 years ago
Clarence used to work as a doctor in a federal government hospital. After retiring, he started a private clinic to continue prac
Masteriza [31]

Answer:

self-actualization

Explanation:

The answer is deeply related to "Maslows Hierarchy of Needs."

Abraham Harold Maslow is a popular American psychologist who introduced a motivational theory consisting of five stages in relation to the<em> deficiency needs and growth needs of humans.</em>

Everything starts with the deficiency needs.<u> It is very important to satisfy this need in order to engage into the growth needs.</u> For example, a boy is very thirsty. If that need will not be met, the boy will continuously crave for water. On the contrary, if this is met immediately, the boy will aim to grow as a person. This is what you call the growth needs.

This needs are presented in a pyramid.

From top to bottom:

1. Self-actualization

2. Self-esteem Needs

3. Love or Belongingness Needs

4. Safety Needs

5. Physiological Needs

It is ideal for a person to progress from Physiological Needs to Self-actualization, but it doesn't mean every stage is always met. Sometimes, fluctuations occur depending on the situation.

Regarding Clarence's case above. It was stated that he already worked as a doctor in a federal government. This means that he has already satisfied his self-esteem needs and the other needs below. Becoming a doctor is a prestige and a feeling of accomplishment. This can be found on the <u>Self-Esteem Needs </u>stage. In addition to this, <em>Clarence already reached his full potential and is seeking for personal growth and independence. </em>This is backed by the statement above that he opened a private clinic to continue his practice. This means he is already on the self-actualization stage of the hierarchy. 

6 0
3 years ago
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