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2 years ago

In what ways can succession planning be regarded as a type of contingency planning?

1 answer:

5 0

Answer & Explanation: A contigency plan refers to a plan to achieve an outcome other than in the usual plan. A succession planning involves identifying and developing new leaders who can easily replace exisiting leaders when the need arises.

Succession planning is a type of contingency plan as its goal is to accomodate the transfer of ownership/ managerial roles to a successor should the owner become disabled, dies or unable to operate business.

For example, a business owner may plan to transfer ownership of his business to his child but dies prematurely. Having already identified several successors, as a contingency plan one of them can run the business until the child mentioned in the will becomes of age and able to take over. This ensures the going concern of the business.

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List the pros and cons of partnerships.

sergey [27]

Pro-you’re never lonely , you have someone to talk with , you and your partner are more open , it creates a healthy mentality’s, you’re able to communicate with each-other , learn and grow with each-other, learn together ,learn about one’s difficulties . Cons- end up hurt , lose trust , see everyone differently, learn from past experiences, become a better version of your self

6 0

2 years ago

In March 2007March 2007, the U.S. unemployment rate was 4.44.4 percent. In August 2008 August 2008, the unemployment rate was

eimsori [14]

Answer:

A Recession happened.

Explanation:

When the market sees a recession we see an increase in the unemployment rate due to cyclical unemployment whenever there in a business cycle even though the labor force was constant but in a recession companies face a lot of costs which become higher than their revenue so for example when there is a recession the cost of producing 1 more unit is actually higher than the revenue a firm gets from producing that 1 unit because marginal cost increases at a decreasing rate so they have to lay off people at a firm on that unit of production to maximize revenues.

7 0

3 years ago

In a _______________________, most economic decisions about what to produce, how to produce it, and for whom to produce it are m

olga_2 [115]

Answer:

market-oriented economy is the correct answer.

Explanation:

8 0

2 years ago

In 2005, BridgePort Brewing Company expanded sales of its BridgePort India Pale Ale, and BridgePort Black Strap Stout into Alaba

Rina8888 [55]

Answer: organizing

Explanation:

When the brewery allocated resources to increase its production and distribution, the management function that it'll have relied on is organizing.

First and foremost, we should note that the management functions usually include:

• planning,

• organizing,

• leading, and

• controlling.

The organizational skills is vital in order for the company to runs smoothly. Organizing has to do with the establishment of internal processes in order to know the workers that fits a particular position.

Also, the management makes sure that everyone are organized and that workers are working hard towards the accomplishment of company's goals.

7 0

2 years ago

Lana Reid is an accounting clerk at Tenity Enterprises who is paid $18.15 per hour. During a week’s pay period, she worked 39 ho

butalik [34]

Answer:

$720.25

Explanation:

Given data:

Lana salary per hour = $18.15

total hour of work by her is 39 hr 41 minutes

we know from hundredth hour pay method

hundredth hr for 41 mints is $= \frac{(41}{60}) \times 100 = 68.33$

so we have 39 hrs 41 minutes that can be written as = 39.6833

So, salary for 39.6833 is $= $18.15 \times 39.6833 = $720.25$

4 0

3 years ago