1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
meriva
3 years ago
15

Owing to globalization and rapid technological change over the past few decades, the major contemporary issues in management lie

s in the need for efficient managers. More and more organizations today face a dynamic and changing environment. This, in turn, makes these organizations either to change or perish. There are five (5) specific forces that are acting as stimulants for change, state and explain them with relevant
Business
1 answer:
Natasha_Volkova [10]3 years ago
8 0

Answer:

The five Specific forces acting as stimulants for change are (1)Globalization, (2)Social trends (3)Competition (4)Changes in Technology (5)Changes in Law and political behavior.

Explanation:

Solution

The Five specific forces as stimulants for change is stated below:

  • Globalization: globalization has also affected the domestic organizations more often. Globalization has led to the increase of the competition for every industry. for this, every domestic business would have to adopt some change is in its operations to maintain its market share and to get a competitive advantage over others.
  • Social trends: social trends in any market would act as a stimulus for organizational environment and change as they would help the business get a first-mover advantage. for example, any social movement such as ripped jean or Bell bottom jeans, made the various companies in the same industry to adopt some changes.
  • Competition: the entrance of new competition in the market forces the existing business organizations to acquire some changes to get a competitive advantage.
  • Changes in technology:  It is one of the significant changes in the business environment, which acts as a substance for the change in the organization. If any business wants to prosper and survive for a longer period, then it would have to acquire changes according to the technological changes in the environment to attend the competitive environment and a continually increasing market share.
  • Changes in law and political behavior: if there are changes in government or law in any country, it may bring some changes for the business. It would force the business to adopt such changes. for example some laws related to the environmental Protection force are the business to produce environment-friendly products and adopt green technology.
You might be interested in
g Given the information below: ASSETS LIABILITIES Cash and cash equivalents $10,000 Current debts for the year $15,000 Other liq
artcher [175]

Answer:

The solvency ratio is closest to: B. 33%.

Explanation:

<em>The solvency ratio = After tax Net Operating Income ÷ Total Debt</em>

Thus,

The solvency ratio = $75,000 ÷ ($15,000 + $200,000)

                               = 35.88%

Therefore this is closest to B. 33%.

6 0
3 years ago
Taurus's gross pay for the week is $980. his yearly pay is under the limit for oasdi. assume that the rate for state and federal
olga_2 [115]
<span>Taurus's employer must record $60.76 for unemployment compensation because his yearly pay has not yet exceeded the $7,000 cap. Taurus's oasdi tax would be $60.76 and the medicare tax total is $14.21. The total payroll tax expenses for Taurus's employer to pay is $135.73.</span>
4 0
3 years ago
This is a classic retirement problem. A time line will help in solving it. Your friend is celebrating her 35th birthday today an
xeze [42]

Answer:

a. $21,725.65

b. $19,385

c. 27,421.32

Explanation:

Savings = 125,000

Annuity Formula :

(\frac{1}{1.07})^{30} [  \frac{125,000}{0.07} ( 1 - \frac{1}{1.07 ^}^{20} ) ] = \frac{A}{0.07} ( 1 - \frac{1}{0.07 ^ } ^{30} )

Solving the equation we get,

A  = $21,725.65

7 0
2 years ago
All of the following can be used as an allocation base for calculating factory overhead rates except a.direct labor hours b.mach
liq [111]

Answer:

The correct answer is C. Total units produced.

Explanation:

The following five bases are generally used in calculating the application rate of manufacturing overhead:

1. Production units

2. Direct material cost

3. Direct labor cost

4. Hours of direct labor

5. Machine hours

When he mentions the Production Units, he refers to the product or merchandise produced by the company, that is, what is intended for sale, in which this method is used is very simple, since the information on the units produced is readily available. to apply indirect manufacturing costs. It is based on the unit of finished product.

5 0
2 years ago
Read 2 more answers
A review of the accounting records of Perez Manufacturing indicated that the company incurred the following payroll costs during
Yuliya22 [10]

Answer:

SG&A expense = $363,000

Payroll cost which is included in Cost of goods sold = $827,200

Explanation:

The computation of SG&A and cost of goods sold

a.

Salary of the company president = $75,000

Add: Chief financial officer salary  = $42,000

Add: Vice president of marketing salary = $40,000

Add: Administrative secretaries salaries = $60,000

Add: Commissions paid to sales staff = $146,000

SG&A expense = $363,000

b.

Vice president of marketing salary= $50,000

Add: Middle managers salaries = $147,000

Add: Wages of production workers = $703,500

Add: Engineers and other personnel responsible salaries= $133,500

Total = $1,034,000

Payroll cost which is included in Cost of goods sold

= $1,034,000 × 4000 ÷ 5000

= $827,200

5 0
3 years ago
Other questions:
  • When total demand outpaces actual output in the economy, the economy usually enters?
    7·1 answer
  • Differentiate between economic growth and economic development ?​
    12·1 answer
  • On April 1, 2014, Prince Company assigns $500,000 of its accounts receivable to the Third National Bank as collateral for a $300
    11·1 answer
  • The Balance Sheet should be prepared a. before the income statement and after the statement of owner's equity. b. after the inco
    9·1 answer
  • You are in negotiations to make a 7-year loan of $35,000 to DeVille Corporation. To repay you, DeVille will pay $2,500 at the en
    6·1 answer
  • A system of accounting for manufacturing operations that produces timely information about inventories and manufacturing costs p
    12·1 answer
  • Externalities affect the economic efficiency of a market equilibrium by causing a difference between:________
    11·1 answer
  • Charter Corporation, which began business in 2013, appropriately uses the installment sales method of accounting for its install
    15·1 answer
  • A product cost is
    12·1 answer
  • Edward is a member of the Knights of Columbus, a religious group dedicated to voluntary service to the benefit of society. He al
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!