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
jekas [21]
3 years ago
10

Describe the basic control process and various methods that managers can use to maintain control in the organization

Business
1 answer:
Bogdan [553]3 years ago
6 0

Answer: Manager is a lead member in the organization who looks into matters of production of goods and services and working of superior members of the organization.

Explanation:

Various methods of control process in the organization are:

1. Output control:  Measurable results of the output generated by the superior members of the organization assign to a particular work. Encouraging employees to give maximum output in short time.

2. Behavioral control: Controlling the action and activities of the superior members of the organization by encouraging them, promoting, supporting them, and organizing fun activities for them.

You might be interested in
Assume lawyer services are priced by the hour and elasticity of demand for a particular lawyer is 0.6. If she were to increase h
Dmitry [639]

Answer:

C. Fall, 30%, Rise

Explanation:

  • Price Elasticity of Demand is responsive change in demand, due to change in price.

P.Ed = % change in demand / % change in price.

Given : Price rise by 50% , P.Ed = 0.6

So, % change in demand = P.ed x % change in price

% change in demand = 0.6 (50)

% change in demand = 30%

Law of demand states negative relationship between price & demand, so P.ed is negative. Price rise 50% reduces demand by 30%.

  • P.Ed can be : Elastic ( > 1 ), or Inelastic ( < 1 ).  If P.Ed is Elastic, price & total revenue are inversely related. If P.Ed is Inelastic, price & total revenue are directly related.

So, Given PEd = 0.6 (i.e < 1 ) : Inelastic Demand implies price & total revenue are directly related related to each other. So, price fall lead to TR fall & price rise lead to TR rise.

6 0
3 years ago
Philip Morris expects the sales for his clothing company to be $670,000 next year. Philip notes that net assets (Assets − Liabil
shutvik [7]

Answer:

the ending cash balance is $330,300

Explanation:

The computation of the ending cash balance is shown below:

Ending cash balance = Opening cash balance + Profit

= $270,000 + (9% × $670,000)

= $270,000 + $60,300

= $330,300

We simply added the opening cash balance and the profit so that the ending cash balance could come

Hence, the ending cash balance is $330,300

7 0
2 years ago
An economics professor is discussing a measure of inflation over time based on a basket of goods comprised of all the components
Jlenok [28]

Answer:

GDP Price Deflator

Explanation:

GDP price deflator is a measure of the general changes in the price level of all the finished goods and services in a country in a period.  While GDP is a measure of the total output in an economy, the GDP price deflator shows the extent to which prices changed in a period. In proving the effects of price changes, the GDP deflator identifies a base year then compares the current prices to base year prices.

The GDP price deflator allows economists to compare the GDP   of different periods while considering the inflation between those periods. It does this by comparing the nominal GDP with the real GDP.

3 0
3 years ago
Kuzio Corporation produces and sells a single product. Data concerning that product appear below: Per Unit Percent of Sales Sell
steposvetlana [31]

Answer:

Overall effect of the change is an increase in net operating income of $1800

Explanation:

The net operating income  with additional advertising spend is shown below:

Sales (6620*$150)                                     $993,000

Variable expenses(60%*993000)           ($595,800)

contribution margin                                   $397,200.

Fixed expenses($193000+$5400)          ($198,400)

Net operating income                               $198,800

The net operating income  without additional advertising spend is shown below:

Sales (6500*$150)                                     $975,000

Variable expenses(60%*975,000)           ($585,000)

contribution margin                                   $390,000

Fixed expenses                                        ($193,000)

Net operating income                               $197,000

The overall effect of the change is an increase in net operating income of $1800($198800-$197000)

       

       

4 0
3 years ago
A development process __________. ANSWER Unselected addresses the main value-added activities of an organization Unselected is a
cluponka [151]

Answer:

process that seeks to improve the performance of primary and support processes.

Explanation:

Development process is defined as a seeks improvement of primary and support activities by using strategy, organisation, marketing, conceptualisation, plan creation, evaluation, and commercialisation of a product or process.

Development process is used by firma to convert viable ideas to profitable products.

Innovative ideas are generated by the companie's team, and through critical evaluation the best and most commercially viable option is chosen for further product development.

This is a cycle that is continous and gives the innovative company a competitive edge.

5 0
3 years ago
Read 2 more answers
Other questions:
  • Our company is deciding whether to invest in a new machine. The new machine will increase cash flow by $324,000 per year. You be
    5·1 answer
  • _____ integrates advertising of branded products into interactive games.
    5·1 answer
  • Which of the following statements are true regarding dividends?
    11·1 answer
  • Making a prediction today about the​ world's population in twenty years based on current growth trends is an example of ▼ normat
    10·1 answer
  • The only difference between variable and absorption costing is the expensing of ________.A) direct manufacturing costs B) variab
    12·1 answer
  • A program in which a person learns to do a certain job by working with a skilled worker ?
    7·2 answers
  • xercise 7-24 (Static) Assigning Costs to Jobs (LO 7-1, 2) Forest Components makes aircraft parts. The following transactions occ
    10·1 answer
  • Which of the following helps to avoid wasting resources on goals that CANNOT be
    14·1 answer
  • Which reason for trade barriers is being used when the us refuses to trade with another country because they use child labor to
    13·1 answer
  • From the consumer’s perspective, the elements of an imc strategy can be viewed as being either.
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!