Answer:
I have to identify the risk factors in the project and then gauge the willingness of the company to take such risks.
Explanation:
Risk tolerance is the willingness of an organization or an individual to take certain risks. The risk tolerance level of a person or organization can be classified as either high or low. For a project manager who wants to determine the risk tolerances associated with his project, he has to first identify the risk factors, and then try to know the risk level and if indeed this level is acceptable within the organization's culture and standard.
The project manager would do well to plot a graph that would show the probability of a risky action happening or not. A risk tolerance line is now obtained from where the project manager can know if that risk is tolerable by organization standards. The extent of job security would also help in determining the amount of risk a manager can take. However, they are still expected to stay within the standards of the organization.
Answer:
The correct answer is letter "D": All of the answers are correct regarding a petty cash fund.
Explanation:
Petty cash funds are sums of money that are useful for businesses to take care of small payments. These payments are too low to allow a check to be written for payment. In some businesses, each department maintains its own small cash box for expenses such as office supplies per unit.
For accounting purposes, transactions involving petty cash are documented only when the petty cash was totally spent and a new fund is to be created and recorded with a voucher.
Answer:
$84,200
Explanation:
The Net Income for the 2020 financial period can be calculated through the Retained Earnings Account for 2020 as follows :
Retained Earnings at beginning of the year $249,100
Add Net Income for the year (Balancing figure) $84,200
Less Dividend Declared for the year ($11,300+$17,000) ($28,300)
Retained Earnings at end of the year $305,000
Answer:
by identifying the differences and developing employee's skills in conflict resolution
Explanation:
Human Resource Management is the key area for success of any organization. This is basically because managing any office is easy with good personnel employed.
Thus, training in employees on the Human Resource level, might help in overcoming any kind of conflict faced by such employees, of each of the companies.
HR personnel are responsible for satisfaction among employees, for this they have to agree on certain policies of giving compensation, appraisals and rewards. Thus, both the companies HR personnel shall involve themselves in developing the skills in employees for resolution of conflict.
Answer:
Fiedler's theory and others like it are called contingency theories, and they imply that the most effective management technique gets adjusted to every situation, focusing on tasks as subunits strategy, as a contingency factor is unexpected.
Explanation:
A contingency theory is an organizational theory of the unexpected, out of control factors, so there is not a best way to lead or to make decisions, there is, instead, a contingency that cannot be accurately predicted, being motivation and leadership, two of many independent variables of the contingency theory, and productivity, turnover and absenteeism are some dependent variables, allowing managers to bend policies or override the if necessary when reacting to problems, and wide discretion in decision-making as the theory´s basis states that leader's relations impact their effectiveness.
