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liraira [26]
3 years ago
5

The University of Puhonicks hires several professors that specialize in accounting, management, and economics and clusters each

into one of three departments. The dean has obviously decided to group employees by:________
a) Project.
b) Function.
c) Product.
d) Geography.
Business
1 answer:
ANTONII [103]3 years ago
3 0

Answer:

b) Function

Explanation:

The Dean placed professors in departments based on the subjects they teach or based on their functions in the school. So all professors that function as economics professors are placed in the same department. This is an example of grouping employees by functions.

In geographic grouping, professors would be grouped based on the different regions they teach.

In product grouping, employees are placed in groups based on the product they produce.

I hope my answer helps you

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Which business function is responsible for planning, coordinating, and controlling the resources needed to produce a company’s p
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Answer:

Management

Explanation:

The business function that is responsible for planning, coordinating, and controlling the resources needed to produce a company’s products and services is management.

Management consists of the functions of organizing, planning, controlling, and directing an organization's resources in order to achieve the objectives of the organisation.

The primary function of management is coordinating  people and other resources for the attainment of the organization's goals and objectives.

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In the united states, the 401(k) plan or individual retirement account is a what kind of plan ?.
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Read 2 more answers
5-7 Short Run versus Long Run A firm sells 1,000 units per week. It charges $70 per unit, the average variable costs are $25, an
irina1246 [14]

<u>a. The firm should carry out the activities. </u>

<u>b.The firm should carry out activities until it is covering the cost. </u>

<u>c. The firm should shut down business activities when the price of the product goes below $25 in short-run. </u>

<u>d. The firm should shut down business activities when the price of the product goes below $65 in long-run. </u>

Further Explanation:

a  

Steps taken by the firm in the long run:

The sales price of the product is $70. The total average cost of the product is $65. The firm can cover all its costs (variable and fixed) and generating a profit of $5. So it should continue to carry out its business operations in the short run.  

b.

Steps taken by the firm in the long run:

In the long run, all the costs of the firm are variable. In the current case, the fixed cost is around 60% of the total cost. So the firm should attempt to decrease this cost. If the firm can decrease the total cost, it should carry out the business activities. The firm can continue to carry out the operational activities until it is making the profit and covering all the product cost.

c.

The appropriate price for shutting down the business in the short-run:

The firm can shut down the business in the short-run when the price of the product is below $25.

In the short run, the firm can only control the variable cost. The firm can not control the fixed cost of the product. In the given case, the variable cost of the product is $25. Therefore, the firm should shut down the business when the price of the product goes below the variable cost ($25).

d.

The appropriate price for shutting down the business in the long-run:

The firm can shut down the business in the long-run when the price of the product is below $65.

In the long run, the firm can influence all the costs of the business. It can influence the variable cost and the fixed cost of the business. Therefore, it should cover the total cost of the product. Thus, the firm should shut down the business when the price of the product goes below the total cost ($65).

Learn more:

1. Learn more about the variable costing

brainly.com/question/9203162

2. Learn more about the overhead expenses

brainly.com/question/4612804

3. Learn more about the cost of the product

brainly.com/question/1757741

`

Answer details:

Grade: Senior School

Subject: Economics

Chapter: Decision making (Short-run & Long-run)

Keywords: Short Run, Long Run, sells, units, week, charges, average variable costs, average costs, long run, Why, price, consider, shutting down the long run.

6 0
4 years ago
The financial information below presents selected information from the financial statements of Pelican Company. Sales revenue du
Fiesta28 [93]

Answer:

Current Ratio 1.05

Receivable turnover days 129 days

Days to collect 2.83

Inventory Turnover days 38 days

Days to sell 9.61

Explanation:

Current Ratio : Total Current Assets / Total Current Liabilities

Current Ratio : 8,250,030 / 7,830,300 = 1.05

Receivable turnover days : ( Accounts Receivable / Total Sales ) * 365 days

Receivable turnover days : ( 4,730,000 / 13,340,300 ) * 365

Receivable turnover days : 129 days

Days to collect : 365 days / Accounts receivable turnover days

Days to collect : 365 / 129 days = 2.83

Inventory turnover days : ( Inventory / Cost of goods sold ) * 365

Inventory turnover days : ( 938,360 / 8,914,195 ) * 365

Inventory turnover days : 38 days

Days to sell : 365 days / Inventory turnover ratio

Days to sell : 365 / 38 days = 9.61

4 0
3 years ago
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