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lord [1]
2 years ago
11

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

Business
1 answer:
Wewaii [24]2 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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1.6 Harper Travel Agency purchased land for $85,000 cash on December 10, 2015. At December 31, 2015, the land's value has increa
noname [10]

Answer:

$85,000

Explanation:

In the balance sheet, a company records the value of assets at their historical cost. Assets are recorded in the balance sheet at the price that they were acquired.  Even if a company has strong reasons to believe that the value of an asset has increased, It cannot adjust its value in the books.

Harper will record the value of the land at $85,000.  $93,000 represents the fair value of the property. Harper cannot record the fair value in the balance sheet. The fair value is only used when disposing of the property. The only way of verifying the fair value is by selling the property.

4 0
2 years ago
Suppose the city of Austin, TX chooses to regulate the number of street vendors operating near the University of Texas by requir
Dmitrij [34]

Answer:

economic rent of $65,000

Explanation:

Economic rent is the amount of money paid in excess to a factor of production in excess of what is socially optimum

Economic rent = $150,000 - $85,000 = $65,000

Accounting profit= total revenue - explicit cost

Total revenue =price x quantity sold  

Explicit cost includes the amount expended in running the business. They include rent , salary and cost of raw materials

Economic profit = accounting profit - implicit cost

Implicit cost is the cost of the next best option forgone when one alternative is chosen over other alternatives

Without the regulation, economic profit would be driven to zero.

8 0
3 years ago
How can the use of new technology in industry benefit the US government?
DiKsa [7]

Answer:

All the statements are correct.

Explanation:

A and D are correct because better transportation technology means that the government can import (purchase materials) and export (transport goods) around the world with relative ease.

B is correct because automation means that machines can replace some humans in the labor force, and machines do not have to be paid a wage.

C is correct because if the government has advanced technology at its disposal, it can be at the forefront of tecnnological changes.

4 0
3 years ago
You are considering two savings options. Both options offer a rate of return of 7.6 percent. The first option is to save $2,500,
Ostrovityanka [42]

Answer: $6,891

Explanation: This question requires that the principle amount be calculated. This is the current value of the lump sum saving on the first day, before interest has been compounded. In essence this is the original savings value. To calculate this value, the compound interest formula can be used. However this formula needs to be manipulated so that the principal value, P, is determined:

P = \frac{A}{(1 + i)^{n} }

Where:

P = Principal value: the original value of the saving on the first day, before interest has been taken into account.

A = Amount: The amount at the end of a specific period.

i = Rate of return: the profit, expressed as a an interest rate, that the savings earns periodically.

n = The amount of time that the savings is invested for.

When this formula is applied then the following answer is computed:

P = [\frac{2,500}{(1 + 0.076)^{1} }] + [\frac{2,500}{(1 + 0.076)^{2} }] + [\frac{3,000}{(1 + 0.076)^{3} }]

= $6 890,887434

Rounded off to $6,891

7 0
3 years ago
Read 2 more answers
According to the consumer behavior model presented in the text, the ________ includes the shopping experience, point-of-purchase
Otrada [13]

According to the consumer behaviour model presented in the text, the purchase environment includes the shopping experience, point-of-purchase stimuli, and sales interactions.

<h3>The model of customer behavior is what?</h3>

An analytical framework for describing why and how consumers make decisions about what to buy is known as a consumer behavior model. The purpose of consumer behavior models is to depict a predictable path of consumer choices up until conversion, assisting you in controlling each phase of the buyer's journey.

<h3>What is the consumer behavior model proposed by Howard Sheth?</h3>

The Howard Sheth consumer behavior model's basic tenet is as follows: Stimuli serve as the inputs. The results are attention-based responses to a specific stimulus that culminate in purchases. Variables impacting perception and learning exist between the inputs and the outputs.

To know more about consumer behaviour model visit:

brainly.com/question/28520670

#SPJ4

3 0
1 year ago
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