Answer: and the budgeting process can uncover potential bottlenecks before they occur.
force managers to think about and plan for the future.
define goals and objectives that can serve as benchmarks for evaluating subsequent performance.
coordinate the activities of the entire organization by integrating the plans of its various parts
Explanation:
Budgets are used in communicating the plan of managements throughout an organization.
Budgets and the budgeting process can uncover potential bottlenecks before they occur.
Budgets force managers to think about and plan for the future.
Budget define goals and objectives that can serve as benchmarks for evaluating subsequent performance.
Budget coordinate the activities of the entire organization by integrating the plans of its various parts
What are the answer choices?
Micro economics is a part of economics that deals with individuals as well as firms behavior in small scale. Macroeconomics is a part of economics that deals with the whole economy's behavior.
Explanation:
<u>Microeconomics</u>
Why do economics major earn more than marketing major?
How does Apple decide how many iPads to produce?
Which company's stocks should your mother buy?
Why does the price of gasoline increase during summer?
<u>Macroeconomics</u>
How much will the economy grow next year?
Why does the unemployment rate increase during a recession?
What happens to price when government increase money supply?
Should the government pass a jobs bill to stimulate the economy?
Answer: Option (b) is correct.
Explanation:
Given that,
Price of island = $24 worth of goods
Goods include beads, trinkets, cloth, kettles, and axe heads.
Annual interest rate(r) = 4%
Number of periods(n) = 391
Future value will be calculated from the following formula:
= 24 × 4,571,257.29
= $109,710,174.93
<span>This is the future value of a business. It is what the business is expected to be worth at some future date, given rates of return, interest, and other variables that could increase or decrease the company's value. This may be greater or less than the present value, depending on how the business is slated to perform over the agreed-upon time period.</span>
