The correct answer is A) alignment.
After spending months finalizing a marketing plan, the lead marketing manager presents it to the entire company. It soon becomes clear that the budget given in the plan is far lower than the marketing team had determined it would need. This mistake is likely a result of a lack of alignment.
This means that the marketing manager did not respect the parameters originally indicated. His numbers did not align with the necessities of the plan, which means that he did not take into consideration some important factors that at the end, affected the end result of the budget.
Answer:
Controlling
Explanation:
One of the various responsibilities of a manager (management function) is controlling.
In the controlling function, which is usually preceded by other functions such as planning, staffing and leading, it is very important for a manager to control the activities of the subordinates to ensure that they are working towards organization goals, as well as rewarding employees for their good works and also putting them in check when they do not do a good job.
Cheers.
Answer:
a)
1. Explicit cost
2. Implicit Cost
3. Implicit Cost
4. Explicit cost
b)
Accounting Profit is $62000.
Economic Profit is -$3000. (a loss of $3000)
Explanation:
a)
Explicit costs are those costs incurred by a business that require an outlay of money as a result of operating a business.
Implicit costs, on the other hand, are the costs that do not require an outlay of money as a result of operating a business. They are instead the opportunity costs of operating a business or the benefits that are foregone.
1. The wages and utility bills are a result of operating a business and requires and outlay of money as their payment. They are <u>explicit costs.</u>
2. The rental income could have been earned if Larry rented the showroom he is using to operate his business from. The rent foregone is an opportunity cost and is an <u>implicit cost.</u>
3. The salary Larry could have earned is also something that Brian has to forego to operate his business and is an <u>implicit cost.</u>
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4. The cost of purchases paid to manufacturer requires outlay of money and is an <u>explicit cost.</u>
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b)
Accounting profit = Total Revenue - Total explicit cost
Economic profit = Total revenue - (Total Explicit Cost + Total Implicit Cost)
Accounting Profit = 793000 - 430000 - 301000 = $62000 profit
Economic profit = 793000 - (430000 + 301000 + 15000 + 50000) = -$3000 loss
Answer:
option (c) depreciate by exactly 10 percent
Explanation:
Data provided in the question:
Canadian dollar = 0.75 US dollars per Canadian dollar
Canada's rate of inflation = 0 percent
US rate of inflation = 10 percent
Now,
The percentage change in real exchange rate
= percentage change in nominal exchange rate - (Domestic inflation - Foreign inflation)
= 0 - (10 percent - 0 percent )
= - 10 percent
Here,
the negative sign depicts that the exchange rate will depreciate
Hence,
the answer is option (c) depreciate by exactly 10 percent
I would initially apologize for the violations that are found in the hospital. Although this might not necessarily be my jurisdiction, I would still feel bad if the hospital did not operate as it should.
I would then proceed to name some examples of HIPAA violations. This would be:
- Snooping on Healthcare Records
- Failure to Perform an Organization-Wide Risk Analysis.
- Failure to Manage Security Risks / Lack of a Risk Management Process
- Insufficient ePHI Access Controls
