Answer:
Controlling
Explanation:
The controlling function of management refers to the responsability of managers to check the results of the company against the goals that have been set to be able to take any necessary measures to make sure they can be fulfilled and this is what Olivia is doing.
Answer:
Contraction
Explanation:
The business cycle refers to the fluctuations that happen in an economic activity over time. This cycle has 4 stages that are:
-Expansion is when the economy grows and employment is higher.
-Peak is a transition between expansion and contraction and it is a point in which the economy reaches its highest output.
-Contraction is a stage in which growth stops and unemploymetnt rises.
-Trough is a stage in which the economy gets to its lowest point before a rise.
According to this, the answer is that in the context of the business cycle, Bruslon is most likely going through a period of contraction because there is an economic downturn that forced Loger's to lay off many employees.
Answer:
(a):Annual demand = 10 packages per day*260 days per year = 2600 packages per year.
H = $1 and S = $10.
Thus Order quantity = (2*2600*10/1)^0.5 = 228 packages
(b): Total annual inventory control cost = Q/2*H + D/Q*S
= 228/2*1 + 2600/228*10
= 114 + 114.03
= 228.03
(c): Yes both annual ordering costs and holding costs are equal at $114.
(d): In case of order quantity of 100 packages the cost will be = 100/2*1 + 2600/100*10
= 50 + 260
= 310.
Thus the cost figure of $310 in case of 100 packages is more than the cost of $228.03 when 228 packages are ordered. Hence I will recommend that the office manager use the optimal order quantity instead of 100 packages.
Answer: The correct option is “ have a centralized planning department”
Explanation: A corporate plan involves setting out the actions required and also determine the resources available in other to deliver the required aims and objectives. However, your corporate plan is an important document that will continue to help monitor finances, liabilities, identify opportunities and control your internal systems and structures. Furthermore, corporate plan involves creating a long term plan with the aim of achieving the organizational stated goals and objectives.