1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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

You might be interested in
Lenox China Co. would like to get its annual Christmas ornament series into Macy's department stores. Macy's has a buying office
dezoksy [38]

Answer: Option (B)

Explanation:

Here, in this particular case we can state that Lenox would use <em>personal selling </em>as the promotional element in order to reach their Macy's buyer. Personal selling is referred to as use of individuals by businesses in order to sell their commodity after meeting their respective clients face-to-face. The sellers mostly tend to advance the commodity through their belief, conviction appearance and the knowledge regarding the commodity.

5 0
3 years ago
If all other factors are equal, what will happen to the demand if the price of a product goes down? A. Demand will go up. B. Dem
Zina [86]

Answer:

A,Because at ceteris paribus the lower the price the higher the demand and vice versa according to the law of demand.

8 0
3 years ago
A company's activities for year two included the following: Gross sales $3,600,000 Cost of goods sold 1,200,000 Selling and admi
slava [35]

Answer:

$1,273,300

Explanation:

The computation of the net income is shown below:

= Gross sales - sales returns - Cost of goods sold - Selling and administrative expense - prior-year understatement of amortization expense + Gain on sale of stock portfolio securities + Gain on disposal of a discontinued business segment - income tax expense

where, income tax expense would be

= ( Gross sales - sales returns - Cost of goods sold - Selling and administrative expense - prior-year understatement of amortization expense + Gain on sale of stock portfolio securities + Gain on disposal of a discontinued business segment) × income tax rate

= ($3,600,000 - $34,000 - $1,200,000 - $500,000 - $59,000 + $8,000 + $4,000) × 30%

= $545,700

So, the net income would be

= $3,600,000 - $34,000 - $1,200,000 - $500,000 - $59,000 + $8,000 + $4,000 - $545,700

= $1,273,300

8 0
3 years ago
Prices of California Merlot wine (assume that this is a normal good) have risen steadily in recent years. Over this same period,
Nikolay [14]

Answer:

a) the demand curve for Merlot has shifted to the right faster than the supply curve has shifted to the right

Explanation:

As the income of consumers have increased that means that the buying capacity has increased, which contributes to increase in demand of the product.

Further the raw material required to manufacture the product now cost less, accordingly the supply will also be increased.

But the supply would only increase if the producers realize that the demand has increased.

Accordingly, demand shall increase faster than the increase in supply.

7 0
3 years ago
Which concept refers to a state of normlessness that is kept in check by group membership?
irinina [24]
Anomie is the concept that refers to a state of normlessness that is kept in check by group memberships.
7 0
3 years ago
Other questions:
  • Which one of the following selections is a not component of Paid-in Capital? Select one: A. Retained earnings B. Common stock C.
    7·2 answers
  • John and Jean are married and decide to open three separate accounts for their money. What is the most likely reason for their d
    5·2 answers
  • Which of the following shopping habits is best avoided?
    15·1 answer
  • You have gathered the following information on your investments. What is the expected return on the portfolio?
    9·1 answer
  • 4. You may think of your college or university as an organization that offers a line of different educational products. Assume t
    14·1 answer
  • Luke sold a building and the land on which the building sits to his wholly owned corporation, Studemont Corp., at fair market va
    8·1 answer
  • An article in the Wall Street Journal in early 2001 noted two developments in the market for laser eye surgery. The first develo
    11·1 answer
  • An annual insurance policy is paid in advance by a company. How will the company treat this initial payment and the subsequent e
    8·1 answer
  • On December 20, 2017, Butanta Company (a U.S. company headquartered in Miami, Florida) sold parts to a foreign customer at a pri
    15·1 answer
  • First Choice Bank wants to earn an effective interest rate of 18% per year. In order to suit different potential borrowers' need
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!