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3 years ago

____ is called the "first" management function because all other management functions depend on it.

Business

2 answers:

Papessa [141]3 years ago

8 0

Answer:

Explanation:

A statement of the basic purpose that makes the organization different from others.

Flura [38]3 years ago

5 0

Answer to question:

Explanation:

Planning is a key factor during business. This is mostly discussed by "management", they do rely on it.

How do management rely on it?

Let's make this clear by giving an example:

All of a sudden, you suddenly lose lot's of money for a your business. You're not ready & worry about bankrupt.

In this case above, if you have a PLAN, you can take it from there and stick to the plan rather than rushing.

Why does it matter?

Well, management make's the plan most of the time. Which is why they are responsible for it. Therefore, if management doesn't provide proper planning, the business could be in trouble.

Study:

How to plan: brainly.com/question/12767814

Planning a long-term business: brainly.com/question/13227401

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_______________ tasks are non-repetitive in nature and involve considerable

Tanzania [10]

Answer:

1) Project teams

Explanation:

Project management can be defined as the process of designing, planning, developing, leading and execution of a project plan or activities using a set of skills, tools, knowledge, techniques and experience to achieve the set goals and objectives of creating a unique product or service.

The fundamentals of Project Management are considered universal across most businesses and professions.

The fundamentals of Project Management includes;

1. Project initiation

2. Project planning

3. Project execution

4. Monitoring and controlling of the project

5. Adapting and closure of project.

Project teams comprises individuals or group of people that come together as a unit to take on a one-time and non-repetitive tasks that are generally considered to be often complex and as such would require input from members with different types of training, skills, knowledge competence and expertise.

This ultimately implies that, project teams tasks are non-repetitive in nature and involve considerable application of knowledge, skills, competence, judgment, and expertise.

5 0

3 years ago

"Under central planning, some group has to decide how to get the necessary inputs produced in the right amounts and delivered to

Dennis_Churaev [7]

Answer:

B. coordination problem under central planning.

Explanation:

As the word coordination is defined as the course of time under which everything moves in synchronization, under this, every thing shall happen at the right time, with the right quality, at the right place.

This is what we call coordination.

Under central planning also the company and the management focuses that all things and processes are coordinated and accordingly all the acts are justified.

3 0

3 years ago

AV City stocks and sells a particular brand of laptop. It costs the firm $625 each time it places an order with the manufacturer

Sphinxa [80]

Answer:

Please consider the explanation below

Explanation:

a.Optimal order quantity per order = √2CO / I

= √[2*1500Units*625 ]/ (130)

=√1875000/130

=120 units per order

b.Minimum total annual inventory costs

Annually orders = 1500 / 120

= 12.5 times

Ordering cost = 12.5*625 = $7812

carrying cost = 120 units *$130 = $15600

Total annual inventory cost = $23412

c.The number of orders per year

= Annual denand / Optimum oder

= 15000 U / 120

= 12.5 times

• d.The time between orders (in working days)

= 364 / 12.5 (considered one leave)

= 29.12 days

=29 days

4 0

3 years ago

1 What is "POSDCORB"

vfiekz [6]

Explanation:

POSDCORB is an acronym which means Planning, Organizing, Staffing, Directing, Coordinating, Reporting and Budgeting

4 0

3 years ago

Read 2 more answers

Trez Company began operations this year. During this first year, the company produced 100,000 units and sold 80,000 units. The a

hjlf

Answer:

<u>Income statement for the company under variable costing</u>

Sales (80,000 units x $45) $3,600,000

Less Cost of Sales

Beginning inventory $0

Cost of goods manufactured (100,000 units x $19) $1,900,000

Cost of good available for sale $1,900,000

Less Ending inventory (20,000 x $19) ($380,000) ($1,520,000)

Contribution $2,080,000

Less Period Costs

Fixed Manufacturing Overhead ($600,000)

Selling and administrative expenses - Fixed ($400,000)

Selling and administrative expenses - Variable ($180,000)

Net Income / (loss) $900,000

Explanation:

Under Variable Costing.

1.Product cost = Variable Manufacturing Costs Only

Therefore, Product cost = $4 + $11 + $ 4

= $19

2.Period Cost = Fixed Manufacturing Overheads + Non - Manufacturing Costs

5 0

3 years ago