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GaryK [48]
4 years ago
14

Dwayne, a manager at Bruce Enterprises, prepares a financial plan for the allocation of funds to efficiently achieve company goa

ls. The plan also includes the estimation of expenditures for the next year. This plan is an example of a(n) _____.
Business
2 answers:
zubka84 [21]4 years ago
6 0

Answer:

Budget

Explanation:

Budget is a financial estimate, that outlines a company's goal which is usually reviewed before the financial period ends . Businesses, Government, people make budget which assist them in their financial plan.

Budgets are useful because businesses are able to outline their financial plan for the coming year. It also gives room for review by comparing actual against budgeted funds.

The purpose of budgets are ; control, to coordinate, to communicate and to evaluate.

Zepler [3.9K]4 years ago
5 0

Answer:

The correct answer is budget.

Explanation:

The word budget refers to a plan of operations and resources in a company, which is formulated to achieve the proposed objectives within a certain period and is expressed in monetary terms.

You might be interested in
Herbert Simon:________
deff fn [24]

Answer:

Herbert Simon:

B) believed that firms always maximize profits even if they have less than perfect information.

Explanation:

Herbert Simon was born in 1916 and died in 2001. He was a renowned economists and political scientists having received numerous awards and Prizes for his contribution in economics, particularly business economics and administrative research. Some of the awards and prizes he received due to his input in economics are; Nobel Memorial Prize in Economics, U.S. National Medal of Science, and the A.M. Turing Award for his contribution in the field of Artificial Intelligence.

Simon also authored numerous books during his time including; "Administrative Behavior", "The Sciences of the Artificial", and "Models of Bounded Rationality". He is mostly known for his theory about bounded rationality. Simon challenged conventional economic thinking based on the ideas of rational thinking and economic man. Previously, economists believed that people made economic decisions based on careful analysis of all available information to arrive at rational conclusions. Simon contradicted this idea by stating that people could not possibly have access to all information and they were somehow limited in coming up with rational outcomes. He argued that since it was impossible to obtain and process all information, most people would utilize the available information to come out with a result that is satisfactory or one that is simply good enough.

In conclusion he outlined that firms always utilize the information available to them to maximize profits even if the information is less than perfect.

4 0
4 years ago
Total quality management (tqm) emphasizes all but which one of the following?a. Team-based work design and the creation of a tot
Sindrei [870]

Answer:

c. Involvement and empowerment of employees at all levels

Explanation:

Total quality management refers to managing the organization in order to develop a success in the long run by considering the low level workers to the high level executive, and at the same time focused on quality improvement and the customer satisfaction

Here are the following points to become important for an organization

1. Quality improvement, management leads to long term success for organization and customers

2. The deficiencies could be determined by performing the work and can be corrected through providing the training, education, etc

3. If the product contains high quality that meet the needs of the customers than it would lead to high customer satifaction

4. And, in case if there is few defective product so the company is in a position to save the cost

5 0
4 years ago
Please help idk the awnser ;-;
trapecia [35]

drafting the blueprints for the hospital

Explanation:

she has a structural engineer degree

5 0
3 years ago
Read 2 more answers
Capital expenditure decisions are useful for estimating inventory acquisition costs. always involve the acquisition of long-live
liberstina [14]

Answer:

always involve the acquisition of long-lived assets

Explanation:

Capital expenditures can be regarded as the investments that is made by

companies in order to grow or maintain their business operations.

It can as well be regarded as capital expense and it's explained as money that is been spent by an organization or corporate entity in buying, maintaining as well as improving its fixed assets, these asset could be buildings, equipment, vehicles or land.

It should be noted that Capital expenditure decisions always involve the acquisition of long-lived assets

6 0
3 years ago
In the country of Normian Republic, an individual's right to own land is restricted to a large extent on the basis that it runs
Kobotan [32]

Answer:

The correct answer here is C) Collectivism .

Explanation:

The political system adopted by Normian republic here is of collectivism, which is a theory that is closely related to communism. According to this theory , the main idea is that power should be held by people as a whole , rather than in hands of few individuals, and welfare of the society should be given priority over the welfare of an individual.

4 0
3 years ago
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