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3 years ago

Name the four main functions of managing a successful business.

Business

1 answer:

Ierofanga [76]3 years ago

5 0

Answer:

Planning and Decision Making – – Determining Courses of Action,

Organizing – Coordinating Activities and Resources,

Leading – Managing, Motivating and Directing People,

Controlling – Monitoring and Evaluating activities.

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Is the economic term for the total money circulating at any one time in a country.

lisabon 2012 [21]

I think the correct answer is “Money supply”

3 0

3 years ago

With the CEO and driver of the company—Howard Schultz—stepping down as the company’s unquestioned leader, do you expect Starbuck

Komok [63]

Answer:

The short answer to that is No, Starbucks will not change its foreign market entry strategy.

Explanation:

The reasons are as follows:

did Howard Schultz lose his shares when he stepped down? This is highly unlikely and according to the rules of corporate governance may depend on his contract. So stepping down as the chairman does not necessarily translate to losing control.
Corporations such as Starbucks: don't just up and change direction. Strategies are usually vetted by the board of directors. Whoever the majority shareholder is (corporate person or individual) will always have a say regarding the expansion of the business.
Howard Schultz has stepped down in 2018. At that time, Starbucks had a total of 28,000 stores in 77 countries. Currently, there are 15,000 in 50 countries. This reduction didn't happen because Howard stepped down but because of the recent pandemic which hit the globe in 2020.

Cheers

8 0

3 years ago

Which level of management sets general policies, formulates strategies, approves all significant decisions, and represents th

qwelly [4]

Answer: Top managers.

Explanation: Top managers examples are board of directors, president, vice-president, and CEO. These managers are duly responsible for controlling and overseeing the entire organization. They set and develop goals, strategic plans, company policies, and make decisions on the direction of the business. These top managers are responsible for controlling and overseeing the entire organization with the aim of achieving organization goals.

5 0

3 years ago

Smart Watch Company reported the following income statement data for a 2-year period.

Ronch [10]

Answer and Explanation:

a. The preparation of the correct income statement is as follows:

Sales revenue $220,000 $250,000

Cost of goods sold

Beginning inventory $32,000 $38,000

Add: Costs of goods

purchased $173,000 $202,000

Cost of goods available for sale $205,000 $240,000

Less: Ending inventory -$38,000 -$52,000

($44,000 - $6,000 )

Cost of goods sold $167,000 $188,000

Gross profit $53,000 $62,000

b. The cumulative effect is

Incorrect gross profit = $59,000 + $56,000 = $115,000

Correct gross profit = $53,000 + $62,000 = $115,000

Net effect would be zero

8 0

3 years ago

One year ago, JK Mfg. deposited $12,000 in an investment account for the purpose of buying new equipment four years from today.

Lyrx [107]

Answer:

Total FV= $46,008.31

Explanation:

Giving the following information:

Deposit 1= $12,000

Deposit 2= $15,000

Deposit 3= $10,000

Interest rate= 0.055

<u>To calculate the future value, we need to use the following formula on each deposit:</u>

FV= PV*(1+i)^n

FV1= 12,000*(1.055^5)= 15,683.53

FV2= 15,000*(1.055^4)= 18,582.37

FV3= 10,000*(1.055^3)= 11,742.41

Total FV= $46,008.31

4 0

3 years ago