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Vaselesa [24]
3 years ago
5

Management is a process designed to achieve an organization's objectives by using its resources ____________ (accomplishing the

objectives with a minimum of resources) and _________________ (having the intended result). Select one: a. thoroughly, completely b. effectively, accurately c. competently, quickly d. efficiently, effectively e. quickly, competently Clear my choice
Business
2 answers:
ycow [4]3 years ago
8 0

Answer:

d) Efficiently, effectively

Explanation:

Management can be defined as the activities of setting the strategy of an organization and coordinating the efforts of its employees (or of volunteers) to accomplish its objectives through the application of available resources, such as financial, natural, technological, and human resources. The term "management" may also refer to those people who manage an organization - individually managers.

Efficiently means a way to achieves maximum productivity with minimum wasted resources (effort or expense).

Effectively means a way or manner to achieve a desired result. It also means capable or competent

Kay [80]3 years ago
3 0

Answer: The correct answer is d). efficiently, effectively

Explanation: Efficiently means accomplishing the objectives with a minimum of resources while Effective means having the intended result.

Management is a critical process in any organisation. It prevents wastage and ensures that the goal of the organisation is met appropriately.

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Which one of the following statements is not true? a. A company using the periodic system does not maintain a continuous record
Rasek [7]

Answer:

Option (b) is not true.

Explanation:

In a periodic system, the costs of acquisition of inventory are not directly debited to an inventory account; they are usually updated periodically.  It is a system where the cost is added in the inventory account at the end of the period only, that is why option (b) is incorrect the cost of inventory or acquisitions are not added directly. Perpetual system is a technique where inventory acquisition cost indirectly added to an inventory account.

8 0
3 years ago
Read 2 more answers
Dobson Construction specializes in the construction of commercial and industrial buildings. The contractor is experienced in bid
sweet-ann [11.9K]

Answer:

Dobson Construction

a) Percentage of completion = $2,400,000/$6,000,000 * 100

= 40%

b) Gross profit for 2018:

Contract Revenue based on 40% = $3,200,000

Costs incurred to date                        2,400,000

Gross profit                                          $800,000

c) Journal Entry to record the income:

Debit Accounts receivable $4,500,000

Credit Contract Revenue $3,200,000

Credit Unearned revenue $1,300,000

To record the contract revenue for the year.

Debit Cost of Contract $2,400,000

Debit Electrical and Mechanical Materials $210,000

Credit Cash $2,610,000

To record the contract cost incurred for the year.

Debit Cash $3,800,000

Credit Accounts receivable $3,800,000

To record the billings collected during the year.

d) Accounts and amounts on the Balance Sheet at the end of 2018:

Assets:

Accounts receivable       $700,000

Electrical Supplies              210,000

Cash                                 1,190,000

Liabilities:

Unearned income        $1,300,000

Income                              800,000

e) The loss that Dobson would report for the year 2018 is:

= $36,000.

Explanation:

a) Data and CAlculations:

Lump-sum price (contract price)                    $8,000,000

Estimated costs:

Labor                                             $1,700,000

Materials and subcontractor        3,500,000

Indirect costs                                    800,000 6,000,000

Estimated profit                                             $2,000,000

At the end of the first year, the following was the status of the contract:

Billings to date $4,500,000

Costs incurred to date

Labor                                       $928,000

Materials and subcontractor 1,296,000

Indirect costs                            386,000

Total costs incurred to date  2,610,000

Less Electrical and mechanical

materials stored on job site    210,000

Adjusted costs incurred       2,400,000

Latest forecast total cost     6,000,000

Billings collected during the year = $3,800,000

e) Latest forecast total costs = $8,120,000

Contract revenue =                    8,000,000

Loss =                                           $120,000

Percentage of completion = $2,400,000/$8,120,000 * 100 = 30%

Loss to report for the year = 30% of $120,000 = $36,000

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2 years ago
Which of the following is a valid criticism of the use of money as a store of value in modern economies?a. annual inflationary l
Serga [27]

Annual inflationary loss of buying power is a valid criticism of the use of money as a store of value in modern economies.

Explanation:

As a result of a highly inflationary reduction in the buying ability of an economy, significant negative economic impacts emerge, particularly rising costs of consumer goods and services, with high-interest rates impacting global markets and lower ratings.

The buying power is the buyer's dollar value of credit to purchase additional stocks and bonds on the retirement account against the already marginal securities. Capacity can also be recognised as the purchasing power of the dollar.

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Suppose you are a salesperson for an office supply company. one of your customers left you a message indicating that they were u
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Think of three example from your own experience, and explain how they demonstrate the concept of diminishing marginal utility.
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Examples:
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3.) Watering plants, if you haven't watered plant in a long time so you give them extra water, if you keep giving the plant extra water it will eventually drown and die.

6 0
3 years ago
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