All categories

3 years ago

Ways by which scientific management play a role in the management of a modern crisis .

Business

1 answer:

natali 33 [55]3 years ago

8 0

Answer:

The importance of deploying a scientific management system usually comes to its fore during the outbreak of a global modern crisis. The following illustrate ways by which the scientific management system plays a role in combating and managing a modern crisis;

1.) Employing media technological concepts in aiding the speedy passage of information required to educate the masses.

2.) Deploying innovative measures in ensuring effective compliance with laid down guidelines required to mitigate the crisis.

3.) Leveraging the capability of remote jobs aided by technology to serve as a substitute for office-based jobs in other to ensure continued operation of essential and vital duties.

4. Higher reliance on automation and machinery to compensate for the reduction in manual labor required at the time of crisis.

Explanation:

You might be interested in

An analysis of comparative balance sheets, the current year's income statement, and the general ledger accounts of Wellman Corp.

RUDIKE [14]

Answer:

Explanation:

There are three types of activities in the cash flow statement which are described below:

1. Operating activities: It includes those transactions which affect the working capital after net income. The increase in current assets and a decrease in current liabilities would be deducted whereas the decrease in current assets and an increase in current liabilities would be added.

These changes in working capital would be adjusted. Moreover, the depreciation expense is added to the net income and the dividend and interest is received is recorded in this activity.

The loss and gain on sale of the assets is also recorded and amortization on intangible asset is also recorded

2. Investing activities: It records those activities which include purchase and sale of the long term assets. The purchase is an outflow of cash whereas sale is an inflow of cash

3. Financing activities: It records those activities which affect the long term liability and shareholder equity balance. The issue of shares is an inflow of cash whereas redemption and dividend is an outflow of cash.

The categorization is shown below:

(1) Exchange of land for patent - Non-cash investing and financing activity as it does not involve any cash transaction

(2) Sale of building at book value - Investing activity

(3) Payment of dividends - Financing activity

(4) Depreciation - Operating activity

(5) Receipt of dividends on investment in stock - Operating activity

(6) Receipt of interest on notes receivable - Operating activity

(7) Issuance of capital stock - Financing activity

(8) Amortization of patent - Operating activity

(9) Issuance of bonds for land - Non-cash investing and financing activity as it does not involve any cash transaction

(10) Purchase of land - Investing activity

(11) Conversion of bonds into common stock - Non-cash investing and financing activity as it does not involve any cash transaction

(12) Loss on sale of land - Operating activity

(13) Retirement of bonds - Financing activity

7 0

3 years ago

You short-sell 200 shares of Tuckerton Trading Co., now selling for $50 per share. What is your maximum possible loss

pentagon [3]

Answer:

Unlimited

Explanation:

GIven that:

You short-sell 200 shares of Tuckerton Trading Co

now selling for $50 per share.

If a short-sell occurs on a trade, the lower the share price, the higher the profit your are liable to achieve but if short-sell occurs and the share price is higher, then the more loss you're going to accumulate.

From the question, the lowest possible share price is zero and the highest possible share price is infinity since there is no stop loss.

∴

The maximum possible loss = 200 × 50( 1 - infinity share price)

= Unlimited loss

5 0

3 years ago

Litton Company estimates that the factory overhead for the following year will be $1,250,000. The company has decided that the b

Minchanka [31]

Answer:

Overapplied overhead= $7,575

Explanation:

First, we need to calculate the predetermined overhead rate:

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Predetermined manufacturing overhead rate= 1,250,000 / 40,000

Predetermined manufacturing overhead rate= $31.25 per machine hour

Now, we can allocate overhead:

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Allocated MOH= 31.25*4,780

Allocated MOH= $149,375

Finally, the over/under allocation:

Under/over applied overhead= real overhead - allocated overhead

Under/over applied overhead= 141,800 - 149,375

Overapplied overhead= $7,575

6 0

3 years ago

The study of economics is primarily concerned with:

IgorC [24]

Choices/ The way goods and services are produced and provided to consumers, and to used by them.

5 0

2 years ago

Suppose you place $10,000 in a retirement fund that earns a nominal interest rate of 8 percent. If you expect inflation to be 5

notka56 [123]

Answer:

b. 3 percent.

Explanation:

Real interest rate is nominal interest rate less expected inflation rate.

Real interest rate = nominal interest rate - expected inflation rate

8% - 5% = 3%

I hope my answer helps you

6 0

3 years ago

Ways by which scientific management play a role in the management of a modern crisis .​

Ways by which scientific management play a role in the management of a modern crisis .