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julia-pushkina [17]
3 years ago
5

Advantages and disadvantages of implementing plan where functional managers will be held responsible for cost overruns against t

heir original estimates
Business
1 answer:
Morgarella [4.7K]3 years ago
5 0

Answer:

Kindly check explanation

Explanation:

Implementing plans where functional managers will be held responsible for cost overruns against their original estimate possess both advantages and disadvantages :

The advantages include:

1) Efficient use of Resources : A functional manager could be explained as the head or a person who has managerial authority over a department within a business organization. As such the functional manager will be able to monitor more effectively and take control of his unit. Holding them responsible for cost overruns will ensure that they are more cautious when it comes to resource and cost management as they will not want to be sanctioned.

11) ACCOUNTABILITY: It increases the sense of responsibility of the functional managers as they are being held fully responsible for the decisions made within their unit. This places a higher burden of showing sincerity on the managers.

The disadvantage associated with the plan is the possibility of producing low quality products resulting from the economical and cautious approach embarked upon in other to prevent cost overrun, materials used may be lesser quality than expected.

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Kiley Corporation had these transactions during 2022. Analyze the transactions and indicate whether each transaction is an opera
QveST [7]

Answer:

A. Noncash investing and financing activities

B. Financing activities

C. Noncash investing and financing activities

D. Financing activities

Explanation:

To Analyze the transactions and indicate whether each transaction is AN OPERATING ACTIVITY, INVESTING ACTIVITY, FINANCING ACTIVITY, OR NONCASH INVESTING AND FINANCING ACTIVITY

A. Based on the information given the transaction is a NONCASH INVESTING AND FINANCING ACTIVITIES

B. Based on the information given the transaction is a FINANCING ACTIVITIES

C. Based on the information given the transaction is a NONCASH INVESTING AND FINANCING ACTIVITIES

D.Based on the information given the transaction is a FINANCING ACTIVITIES

4 0
3 years ago
Suppose that M is fixed but that P falls. According to the quantity equation which of the following could both by themselves exp
rewona [7]

Answer:

D. V fell.

Explanation:

According to the quantity theory :

Money Supply x Velocity = Price x Output

If money supply is fixed, price is directly proportional to velocity.

If price fell, then velocity also fell.

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3 0
3 years ago
The managers of a division are given a fixed budget and are then evaluated on the basis of their ability to produce goods or ser
AlladinOne [14]

Answer: Expense budget approach

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8 0
4 years ago
why do skilled and professional workers generally receive higher wages than unskilled and semiskilled workers
Zina [86]
Hello!

Skilled and professional workers generally receive higher wages than unskilled and semiskilled workers because there are more demand and less offer for this kind of workers. 

To be a skilled or professional worker, extensive training and education are needed. To get this kind of training, there are personal investments in time and money that are needed to be made. Not everyone is willing to invest time and money in education, and some people can't do it for personal reasons.

That means that the amount of skilled and professional workers is lower than the number of unskilled ones. When there is reduced offer of a good or service, the price increases. That causes the wages for this kind of worker to be higher.

Have a nice day!
5 0
3 years ago
Read 2 more answers
Items a through l represent possible errors and fraud that you suspect may be present at rex company. the accompanying list of a
statuscvo [17]

Answer:

a. Compare the details of cash receipts with journal entries.

b. Prepare a bank transfer schedule.

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e. Inspect payroll data of employees and cross check with the transaction recorded.

f. Obtain cut off bank statement to reconcile the transaction.

g. Examine the selected repair order and physically examine the equipment whether repair work is don or not.

h. Examine the supporting documents for the invoice such as purchase order, goods received note and Purchase requisitions.

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