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2 years ago

How does a parent perform the functions of organizing in management?

Business

1 answer:

Nady [450]2 years ago

3 0

Answer:

I'll assume that the term "parent" here means parent in the conventional term as in father, mother, and children.

With this in mind, parents have the responsibility of organising the family which include their children and the affairs of the house.

Therefore, a parent performs the functions of organizing in management by:

1. Guiding their wards in management principles

2. Educating them in what they should and shouldn't do.

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'Nagia Steel Pvt. Ltd.' has divided the whole of its business into five departments. Now the

iVinArrow [24]

Answer:

Generally speaking, there are five functions of Management. They are:

Setting Objectives
Planning
Execution
Measurement
Control

The two functions of management identifiable from the passage are:

The setting of Objectives and
Control

Explanation:

Objectives in business are multilateral in nature. They speak to

Identifying where the company wants to go
How the company is going to get there
Who the company will need to get there and
What the company will need to get there

In the passage above, the company via it's general manager is defining clearly those the company will need and what each person's role is in helping to achieve such objectives

It is not the responsibility of the employee to define his or her own job or objectives. It is the responsibility of Management.

With regard to the second function which we will identify as Control, when management admits employees, there has to be structure otherwise there would be chaos.

It is the function of management to clearly define reporting lines. Who reports to whom? Who is responsible for overseeing who? Who will lead what team? etc.

We see from the passage that the general manager distributed jobs according to each employees ability. And in doing so also defined reporting lines.

This is an example of the Control function of management.

Cheers!

3 0

3 years ago

2. Whom would you choose as a referent on this job? What steps would your manager take to make you feel that you were being equi

DENIUS [597]

Answer is given below

Explanation:

The comparison is an indication to determine if the treatment is the same. Mentioned may be another person or a group of people similar to them. The Reference Canal may be a person with a previous job or anyone has guesses as to what the result/input ratio will be.
Employees are treated equally when they feel that their result / input ratio is equal to the output or input ratio mentioned. Equity is related to the fairness of the results relative to the inputs.
Managers help treat employees equally by ensuring that those who provide multiple inputs are rewarded with more results than those who provide less input. If a person changes one aspect of his ratio, the manager must ensure that the other side of the ratio also changes.
As the input increases, so does the outcomhold. If the input decreases, the results also decrease. Equity is present when an individual's own result / input ratio is less than the forecast. This happens when an employee compares him or her to a reference and does not want to achieve the results he or his investment has achieved.
Equity can be restored by trying to increase growth (by inputs, bonuses or allocating time) or by removing inputs (being late or falling short, doing less work) and turning it into a more accurate indication. If these methods fail, a planned company will choose to depart

8 0

3 years ago

Piper owns a vacation cabin in the Tennessee mountains. Without consider-ing the cabin, she has gross income of $65,000. During

ad-work [718]

Answer and Explanation:

a) rent income from sarah's vacation house will not affect her AGI, because according to rules if vacation house is used fewer than 15 days, in that case it is treated as a personal house and its expenses and income have not effect on the AGI. only the mortgage interest and property yax will be deducted from AGI.

b) only the mortgage interest and property yax will be deducted from AGI. other expenses are non-deductible from AGI because these are treated as personal expenses.

5 0

3 years ago

Seamus dropped out of school as a 16-year-old and needs to support himself, though he has few skills. He is a part-time employee

RoseWind [281]

Answer:

Psychological needs

Explanation:

From the question, we are informed about the Seamus who dropped out of school as a 16-year-old and needs to support himself, though he has few skills. He is a part-time employee at a department store earning minimum wage. Seamus wants to earn more, but hasn't been able to find a better job since he is without the right qualifications. He is having a hard time paying his rent and his mounting bills. He even started to skip breakfast to save on food costs. Seamus is having trouble meeting his Psychological needs. Psychological needs can be regarded as autonomy as well as competence and relatedness which has been regarded as one that play an important role when it comes to well-being as well as motivation and life satisfaction , even vitality of people as regards their general and daily level activities. These needs could be getting needed pleasure as well as avoiding pain.

3 0

3 years ago

An investment costs $152,000 and has projected cash inflows of $71,800, $86,900, and −$11,200 for Years 1 to 3, respectively. If

Radda [10]

Answer:

No; The IRR is less than the required return.

Explanation:

Calculation of IRR is given by the formula: Lr x NPVL / NPVL - NPVH x (Hr - Lr)

where

Lr = Lower rate of discount

Hr = Higher rate of discount

NPVH = NPV at Higher discount rate

NPVL = NPV at Lower discount rate

Assume a low discount rate of 1% and a high rate of 20%

NPV at 1%

Particulars Year 0 Year 1 Year 2 Year 3

Cash flows 152,000 71,800 86,900 (11,200)

DCF 1% 1 0.99 0.98 0.97

Present values (152,000) 71,082 85,162 (10,864)

NPV = $6,620

NPV at 20%

Particulars Year 0 Year 1 Year 2 Year 3

Cash flows 152,000 71,800 86,900 (11,200)

DCF 20% 1 0.83 0.69 0.58

Present values (152,000) 59,594 59,961 (6,496)

NPV = ($38,941)

Substituting values in the IRR formula we have:

1% x [($6,620 / ($6620 - (38,941))] x (20% - 1%) = 2.06%

Therefore we reject the project because it gives an IRR lower than the required rate of return of 15.5%

8 0

3 years ago