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borishaifa [10]
3 years ago
12

Select the statement that best describes the recommended approach for developing team goals. The highest performing team member

develops goals for the team, which the team leader then approves. Individual team members should contribute to and have input over the common team goals. The team leader should determine all goals independently for efficiency, and then share the goals with the team for approval. Long term team goals should be developed by members of the highest level of organizational leadership, while short term goals are usually developed by lower level leaders.
Business
1 answer:
RideAnS [48]3 years ago
5 0

Answer:

Individual team members should contribute to and have input over the common team goals.

Explanation:

A team can be defined as a group of people or set of individuals with various skill set, knowledge and experience coming together to work on a project or task in order to successfully achieve a set goal and objective.

This ultimately implies that, a team comprises of individuals, workers or employees having complementary skills, knowledge and experience needed to execute a project or task successfully. Therefore, workers working as a team usually interact with the other team members and as a result, this enhances performance and strengthen the level of relationship they share.

Hence, the statement that best describes the recommended approach for developing team goals is that individual team members should contribute to and have input over the common team goals, so as to ensure they are all invested in the set goals.

Team goals shouldn't be created at the organizational level but instead it should be at the team level while being approved by the team leader.

In conclusion, team goals shouldn't be developed by any single team member.

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When developing the _______________ for his salon, Theo decided to obtain an advantage over other salons, by offering longer hou
Leviafan [203]

Answer:

<u>Retail Strategy</u>

Explanation:

A retail strategy refers to a future course of action, adopted by a retailer, with respect to the kind of goods and services that would be provided, the pricing strategy i.e deciding upon the price to be charged, the ways to withstand and overcome competition and to keep customers satisfied and maximize profits at the same time.

This activity would also take into consideration, how the products would be displayed and promotion.

In the given case, The salon owner while developing strategy, decided upon gaining a competitive edge over the other salon operators by providing similar services at a reduced price, with employment of well trained staff, and offering heavy discounts on specific services on Wednesdays.

This represents development of a retail strategy.

3 0
3 years ago
The Stanton Stationery Shoppe wants to acquire The Carlysle Card Gallery for $450,000. Stanton expects the merger to provide inc
ra1l [238]

Question:

The Stanton Stationery Shoppe wants to acquire The Carlysle Card Gallery for $450,000. Stanton expects the merger to provide incremental earnings of about $70,000 a year for 10 years. Carol Stanton has calculated the marginal cost of capital for this investment to be 8%. Conduct a capital budgeting analysis to determine whether she should purchase The Carlysle Card Gallery.

Answer:

Capital Budgeting Analysis is a process of evaluating how we invest in capital assets; i.e. assets that provide cash flow benefits for more than one year.

An organization has to take many decisions regarding the expansion of business and investment. To do that, they will require the help of NPV method and base its decision on the same.

Net present value is used in Capital budgeting to analyze the profitability of a project or investment. It is calculated by taking the difference between the present value of cash inflows and present value of cash outflows over a period of time.

As the name suggests, net present value is nothing but net off of the present value of cash inflows and outflows by discounting the flows at a specified rate.

From the question the following are given:

  1. Capital Expenditure = $450,000
  2. Useful life of expenditure = 10 years
  3. Annual return from expenditure = $70,000
  4. Marginal cost of Capital = 8%

Step 1:                                  

It's formula is given as:

Formula for NPV

NPV = (Cash flows)/( 1+r)i

<em>Where</em>

i- Initial Investment

Cash flows= Cash flows in the time period

r  = Discount rate

i = time period

Computing with a spreadsheet, the Net Present Value of the Investment is given at $ 19,706.

Kindly see attached spreadsheet.

Judgement: Since the NPV is positive the investment is profitable and hence Nice Ltd can go ahead with the expansion.

Cheers!

7 0
3 years ago
Calla Company produces skateboards that sell for $68 per unit. The company currently has the capacity to produce 95,000 skateboa
Alenkasestr [34]

Answer:

since the special order does not affect current normal sales, its analysis should only consider incremental expenses, not regular expenses:

A) Income statement without the special order

total revenue = $68 x 80,100 = $5,446,800

- COGS                                     = ($2,446,880)

  • Direct materials $897,120
  • Direct labor $608,760
  • Overhead $941,000            

gross profit                               = $2,999,920

- SG&A                                      = ($1,022,000)

  • Selling exp. $559,000
  • Administrative exp. $463,000

net income                               = $1,977,920

B) incremental revenue from special order = 14,900 x $63 = $938,700

incremental costs:

  • direct materials = ($897,120 / 80,100 units) x 17,900 = $200,480
  • direct labor = ($608,760 / 80,100 units) x 17,900 = $136,040
  • overhead = ($658,700 / 80,100 units) x 17,900 = $147,200
  • selling expenses = [($335,400 / 80,100 units) x 17,900] + ($2.70 x 17,900) = $74,952 + $48,330 = $123,282
  • administrative expenses = $940
  • total incremental costs = $607,942

incremental gain from special order = $938,700 - $607,942 = $330,758

Income statement with the special order

total revenue                            = $6,385,500

- COGS                                     = ($2,930,600)

  • Direct materials $1,097,600
  • Direct labor $744,800
  • Overhead $1,088,200            

gross profit                               = $3,454,900

- SG&A                                      = ($1,146,222)

  • Selling exp. $682,282
  • Administrative exp. $463,940

net income                               = $2,308,678

8 0
4 years ago
Goods costing rs 10000 was sold at loss rs 2000<br> make journal entry​
Grace [21]

Answer:gongi

Explanation:gong

7 0
3 years ago
When a businesss purpose is to benefit the general public, the business is called a
grigory [225]

Answer:

Non profit organization

Explanation:

Non profit organizations do not cost anything and generally help the public in some way.

4 0
3 years ago
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