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Anna11 [10]
3 years ago
11

As environmental uncertainties increase, managers must develop techniques and methods for collecting, sorting through, and inter

preting information about the environment. Discuss four of these methods, explaining when and why each would be used.
Business
1 answer:
JulsSmile [24]3 years ago
5 0

Answer:

Environmental responsibility is essential for companies to remain competitive in the long term, as society increasingly demands that organizations be agents of change in society and contribute to its development.

Therefore, there are several methods for an organization to be environmentally responsible, planning is necessary for the company to understand its micro and macro environment and how to contribute to the reduction of environmental impacts. Through environmental management, a company is able to plan actions that make it more sustainable, it is therefore necessary to use questionnaires, interviews, observation and reports, so that the actions developed are aligned with the environmental purposes of the company and the community where it operates.

Environmental management helps companies achieve total quality, as it reduces waste, improves job satisfaction, creates value for stakeholders and makes the company more positioned in the market.

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Effie Company uses a periodic inventory system. Details for the inventory account for the month of January, 2021 are as follows:
Lynna [10]

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Ending inventory : $868

Explanation:

FIFO (First-In-First-Out) is a method of inventory valuation where the inventory that is received first is sold first. In other words, the earliest inventory is used first. This is common for perishable inventory such as fruits and vegetables which if not used fast, will be wasted.

01/01/21 : Beginning Inventory : 200 units x $5 = $1000

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01/28/21 : Purchases : 100 units x $5.5 = $550

Total units = 200 + 100 + 100 = 400 units

Units sold = Total inventory available for sale - ending inventory

= 400 - 160 = 240 units.

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Beginning Inventory : 200 units x $5 = $1000

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Cost of goods sold : $1000 + $212 = $1212

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Ending inventory : $318 + $550 = $868

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Emotion-focused.

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