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lord [1]
3 years ago
11

Define the concept management from functional perspective and clearly explain each of its

Business
1 answer:
Wewaii [24]3 years ago
3 0

Answer:

Management refers to the ability or art of setting objectives, organizing, motivating the people resources, devising systems of measurement, and building human capacity towards the attainment of all organization objectives.

Explanation:

1. Defining Objectives: This flows down from the Founder and Chief Vision Officer. The objectives of an organization is the purpose for which an organization was set up. An example could be to give people living with a disability the opportunity to live inclusively, attaining their highest selves.

2. Organizing: When objectives are taken and put in form of goals, these goals are devolved through to management in the form of achievable tasks who then delegate them to staff. The process of ensuring that each staff know their tasks, who they are accountable to, and work together harmoniously is called Organising.

3. Motivating team: It is not enough to have human resources. It is critical that they be willing to work together, harmoniously and happily. This way, the company enjoys the highest performance possible.

4. Defining Performance Indicators

What is not measured can not be managed. Performance Indicators are systems of measurement that enable the organization to keep track of whether or not the goals are being met and in what measure they are.

5. Building Capacity

Organizations that build leaders the fastest are the ones that win. Building human capacity is the equivalent of upgrading machinery or opting for higher manufacturing technology in the industrial age. People are able to solve problems to the extend that they know how to. The more they know, the better and faster they are at solving such problems. Hence, increasing organizational competency and effectiveness.

Cheers

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A firm has sales of $1,090, net income of $213, net fixed assets of $518, and current assets of $274. The firm has $88 in invent
shutvik [7]

Answer:

11.11%

Explanation:

Calculation for the common-size balance sheet value of inventory

First step is to find the Total assets

Using this formula

Total Assets=Net fixed assets +Current assets

Let plug in the formula

Total assets = $518 + 274 = $792

Second step is to find the Common -size value of inventory

Using this formula

Common -size value of inventory = Inventory/ Total assets

Let plug in the formula

Common-size value of inventory = $88/$792

= .1111, or 11.11%

Therefore the Common-size value of inventory will be 11.11%

8 0
3 years ago
enry lives in Mississippi, which has a sales tax of 7%. He just bought a bed whose full price was $1600, but he got 30% off, bec
aliina [53]
I wish Enry would have looked at the tag on the bed. In most places full price means including the sales tax. However I don't think you mean that. I think that was your before tax amount.
So take 30% off the original price.

There are two ways you can do that. You can take 30% of 1600 and subtract that. We'll do that now.
1600 * 30/100 = 480 dollars. Now take that off 1600
1600 - 480 = 1120

Or you can take 70% of 1600 which should give you 1120 right away.
1600 * 70/100 = 1120

Now you can add on the sales tax and again, there are two ways to do it, but I'm only going to do it one way. The quick way to add on a sales tax (or any tax) is add the % as a fraction on to 1. 1 + 7/100 = 1 + 0.07 = 1.07

1120 * 1.07 = $1198.40

You could do this the other way. 7/100 * 1120 = 78.40.
1120 + 78.40 = 1198.40  
6 0
4 years ago
property has Gross Scheduled Income of $100,000. The vacancy rate and credit rate allowance is 3% whereas Operating expenses are
Ugo [173]

Answer:

The answer is "10.5\%"

Explanation:

Following are the Cap rate:

 = \frac{(Income \times (1 - vacancy\  rate) - operating \ expense)}{\text{purchase price of property}}

= \frac{(\$ 100,000 \times 0.97 - \$ 34,000)}{\$ 600,000}\\\\= \frac{\$ 63,000}{ \$ 600,000}\\\\= 10.5\%

8 0
3 years ago
Dewy, a fruit juice manufacturer, offers its retail accounts a $3.00 per case discount on all purchases of cranberry juice durin
Furkat [3]
Farting and then I’ll be sure to see you later I’ll call ya
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4 years ago
productivity software has been used for a number of years. Recent advancements in productivity software technology have made ___
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Coordination or cooperation
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