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3 years ago

The 5 specific forces acting as stimulant for change

Business

1 answer:

Serjik [45]3 years ago

7 0

Answer:

1. Technology.

2. Social trends.

3. Economic shocks.

4. Political.

5. Nature of the workforce.

Explanation:

According to the amiable philosopher and mathematician, Alfred North Whitehead, "The art of progress is to preserve order amid change and to preserve change amid order."

The 5 specific forces acting as stimulant for change in an organization or business environment are;

1. Technology: it is a major external force, organizations should make use of new technologies, so as to maximize efficiency and increase productivity.

2. Social trends: social media changes can bring individuals together and influence their interests to share opinions, cultures perception and ideas.

3. Economic shocks: indices of gross domestic products such as unemployment, acquisitions, bankruptcy, recession impacts an organization.

4. Political: government policies, regulations and restrictions such as tax, minimum wage etc can cause a change in a firm. Companies should ensure they are operating at top notch in the competitive market.

5. Nature of the workforce: they should be able to adapt or respond to economic activities, such as demographic, immigration, multicultural society, etc.

Change agents in an organization are individuals acting as catalysts by assuming responsibilities for managing any of the aforementioned specific forces acting as stimulant for change.

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Sales mix is the relative percentage in which a company sells its multiple products. the trend of sales over recent periods. a m

marusya05 [52]

Answer:

is relative percentage in which a company sells its multiple products.

Explanation:

Sales mix is method use in calculating thee each unit/proportion of goods that are sale in the company relatively to the total sales. Whenever there is a change in the sales mix of a firm, then the profit change, sales mix helps to know which particular product sells more than the other one in the company.it should be noted that sales mix is relative percentage in which a company sells its multiple products.

6 0

3 years ago

Give some examples of each of the three ""occasions for decision"" cited by Chester Barnard. Explain in your own words why Barna

Likurg_2 [28]

Answer: The three "occasions for decision" are:

1. From authoritative communications from superiors

2. From cases referred for decision by subordinates

3. From cases originating in the initiative of the executive command

Explanation: Examples of the three "occasions for decision" are:

1. From authoritative communications from superiors: an increase in the annual target of a sales force, passed on from the director to the sales manager.

This type of decision making is usually about the application of an instruction.

2. From cases referred for decision by subordinates: decision to employ branch level staff, whose engagement is within the right of the branch manager

This occasion for decision shows a lack of authority in subordinates or an inability to be decisive in the subordinate.

3. From cases originating in the initiative of the executive command: the CEO deciding to take his brick and mortar business completely online.

This is a decision that that is totally the product of the executive head's thoughts, it is usually a strategic level decision and opens his authority to criticism.

Chester Barnard believed that this is the most important occasion for decision because the executive head is best placed to make these decisions in the organization. He has the authority as well as resources to ensure that the decision is followed through.

I also agree that this is the most important occasion for decision. While they are difficult decisions, they can determine the direction of an organization. There is no one better qualified than the executive command to make or initiate these decisions. Also, it is part of their responsibility to make these decisions.

6 0

3 years ago

GREYUIT [131]

Answer:

Required a

April 5,

Merchandise $38,900 (debit)

Accounts Payable ; Culver Company $38,900 (credit)

April 6

Freight Cost $800 (debit)

Cash $800 (credit)

April 7

Equipment $39,900 (debit)

Accounts Payable $39,900 (credit)

April 8

Accounts Payable ; Culver Company $5,000 (debit)

Merchandise $5,000 (credit)

April 15

Accounts Payable ; Culver Company $33,900 (debit)

Discount Received $678 (credit)

Cash $33,222 (credit)

Required b.

Accounts Payable ; Culver Company $33,900 (debit)

Cash $33,900 (credit)

Explanation:

When Tamarisk, Inc. paid the balance due to Culver Company on April 15, the payment is made within the discount period. Thus Tamarisk, Inc is granted a discount of 2% and pays the Account at $33,222 (net of credit granted on merchandise previously returned) .

However, when Tamarisk, Inc. paid the balance due to Culver Company on May 4 instead, the payment is made outside the discount period. Thus Tamarisk, Inc is not granted a discount pays the Account in full at $33,900 (net of credit granted on merchandise previously returned) .

6 0

3 years ago

If the Fed increases its open market purchases of government securities, it exerts a downward pressure on real interest rates. S

8_murik_8 [283]

Answer:

Liquidity Effect

Explanation:

The liquidity effect is one of the resulting outcomes of the government policies which increases money in the economy system. However, the liquidity effect is the cause of the reduction in the real interest rates.

Therefore, If the Fed increases its open market purchases of government securities, it exerts downward pressure on real interest rates. This situation is commonly referred to as LIQUIDITY EFFECT.

8 0

3 years ago

Assume a company buys a machine worth $1 million and pays for it by borrowing the funds from a bank. The firm's assets will rise

FinnZ [79.3K]

Answer:

True

Explanation:

When machine is purchased, then the assets increase by the carrying or purchase value of the machine purchased. Here, it is of $1 million.

Further, when it is purchased as against any credit, it creates a liability with the same amount.

Since here also the liability amount = $1 million, it will be recorded with the same.

As there is no involvement of Equity or Retained earnings this do not lay any impact on carrying value of owners equity.

Thus, it is True.

6 0

3 years ago