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nata0808 [166]
3 years ago
11

Why do you think L.L. Bean empowered its employees to make independent decisions that ultimately have financial consequences?

Business
1 answer:
postnew [5]3 years ago
4 0

Answer:

(Note please, the background of L.L. Bean was not stated. I am answering on a general note.)

L.L. Bean empowered its employees to make independent decisions that ultimately have financial consequences so as to save time needed to consult superior authorities for directions.

Explanation:

In the course of business, some customers might have needs and inquiries that have to be responded to on the spot so that they do not lose their patience and move to other competitors.

When an organization empowers its employees to make independent decisions that might affect the company financially, it is in a bid to serve the customers better by saving their time. This also instills trust and confidence in the company because the employees are knowledgeable of their services.

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Why is participation in local organizations twice as high in the united states as it is in europe?
VARVARA [1.3K]

There is participation in local organizations twice as high in the united states as it is in Europe because there is more local control over policy in the United States than in Europe.

<h3>What is local control in the United States government?</h3>

Local control is used to make its own rules and regulations to maintain the legal powers of local governments from the state government.

  • State and local governments enact laws and regulations that define how economic activity takes place in the United States.
  • The United States decision about infrastructure, education, and many other areas are made by the state and local governments which makes the entire economy build the capacity to run longer.
  • Decisions made by the Policymakers about how to allocate resources to various sectors like education, transportation, or other public goods are crucial to the United States economy.

To learn more about Local Government of United States, refer to:

brainly.com/question/24250104

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4 0
2 years ago
When analyzing the changes on a spreadsheet used to prepare a statement of cash flows, the cash flows from operating activities
BigorU [14]

Answer: a. Net income, current assets, and current liabilities

Explanation:

The Operating Cashflow relates to cash transactions that have to do with the normal operations of the business. In other words, the business that the firm does to make revenue. It therefore includes, production, purchases, admin expenses, net income and the assets required to run the business.

Operating cashflows will therefore be affected by the Net Income as this is the end result of the business transactions the business engaged in. The current assets were needed to sell goods as well as being derived from selling goods and the current liabilities enabled the company to buy goods that they sell amongst other things.

Net income, current assets, and current liabilities are directly related to the operations of the business and so affect the Operating cashflows.

7 0
4 years ago
Most economists prefer _____ as the best indicator of current economic performance.
balu736 [363]
Most economists prefer real GDP growth as the best indicator of current economic performance. Real GDP is the gross domestic product in constant dollars. In other words, it is a nation's total output of goods and services, adjusted for price changes. The real GDP allows economists to make useful comparisons of a nation's output and services by eliminating the effect of price changes. It is also known as inflation-corrected GDP and constant-price GDP.
6 0
3 years ago
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Which of the following is true of master limited​ partnerships?
egoroff_w [7]

The true statement about Master Limited Partnerships is <u>D. Master limited partnerships</u> sell partnership interests to investors on public markets like the New York Stock Exchange.

<h3>What are master limited partnerships?</h3>

Master limited partnerships are publicly-traded partnerships taxed as partnerships.

While combining the tax benefits of a partnership with the liquidity of publicly-traded entities, master limited partnerships have become hybrid entities of limited partners and general partners.

The limited partners invest their capital into the partnership for periodic cash distributions, while the general partners are responsible for running the MLP's operations.  The compensation of general partners is known as incentive distribution rights (IDRs).

Thus, the correct option for Master Limited Partnerships is <u>Option D</u>.

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4 0
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What tools and skills are required to affect the positive leveraging of data within the enterprise?
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Personal Computer.Database Server Softwareo.Mobile Devices skills Strategic Thinkingo.Quantitative Analysiso.Qualitative Analysiso.Application Skills


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