Answer: True
Explanation: According to Rey Pfeffer and Robert Sutton, they both advocated that companies can bolster performance and trump the competition through evidence-based management, an approach to decision making and action that is driven by hard facts rather than half-truths, too much ride on gut instinct or intuition, acting without questioning, beliefs, ideologies, and popular fashions of management practices
listed below are the financial and organizational impact on business and how to overcome barriers to evidence-based management in various organizations:
1. Work is fundamentally different than the rest of life
2. The best organizations have the best people
3. Financial incentives drive company performance
4. Strategy is destiny and great leaders are in control of their companies
The answer is under $25,000
Answer:
Option (b) 6.0
Explanation:
Data provided in the question:
Purchases = $960,000
Cost of goods sold = $900,000
Ending inventory = $180,000
Now,
Beginning inventory = Cost of goods available for sale - Purchases
= ( $900,000 + $180,000 ) - $960,000
= $120,000
Thus,
Average inventory = ( $120,000 + $180,000 ) ÷ 2
= $150,000
therefore,
Inventory turnover = Cost of goods sold ÷ Average inventory
= $900,000 ÷ 150,000
= 6.0
Option (b) 6.0
Answer:
The options for this question are the following:
A. payoff matrix.
B. mission statement.
C. tactical plan.
D. organization chart.
The correct answer is B. Mission statement.
Explanation:
A good mission statement is a useful tool for well-managed businesses. It is the "why" of business strategy.
A mission statement defines the objectives of what a company does by:
Your clients
The employees
Their owners
Some of the best mission statements also extend to include the fourth and fifth dimensions: what the company does for its community and for the world.
In terms of marketing, a mission statement is a brief paragraph that describes what your business does and why it exists. If that sounds like useless marketing that could be labeled as a long list of the most important things to do, you're not alone.
The reality is that many mission statements are ineffective. Usually, they are the ones written in minutes with very little thought from their creators.
Answer:
$95,400
Explanation:
The computation of total cost of ending work in progress inventory is shown below:-
Material = 18,000 Units × 100% × $2.75
= $49,500
Labor = 18,000 Units × 60% × $4.25
= $45,900
The total cost assigned to the ending work in process inventory
= Material + Labor
= $49,500 + $45,900
= $95,400
So, for computing the total cost assigned to the ending work in process inventory we simply add material with labor.
