Yes, Organizing is very important managerial function even though there is availability of advanced information technology .
Organizing is very crucial management function, irrespective of whether there is advanced information technology because this allows ;
- the work to be separated
- assembled
- coordinated.
- With the help of organizing, the work will be properly done and distributed among the group.
Therefore, organizing as a managerial function is still important.
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Answer:
Allocated MOH= $523,200
Explanation:
Giving the following information:
Estimated:
estimated direct labor-hours= 21,920 hours
total estimated manufacturing overhead= $526,080
The actual direct labor-hours for the year were 21,800 hours.
To allocate the overhead, first, we need to calculate the predetermined overhead rate:
Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Estimated manufacturing overhead rate=526,080/21,920= $24 per direct labor hour
Now, we can allocate the overhead:
Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base= 24*21,800= $523,200
A simultaneous game is said to exist when:<u> firms choose their strategies at the same time as their rivals.</u>
<h3>
What is a Simultaneous Game Theory?</h3>
In game theory, a simultaneous game or static game is a game where each player chooses their action without knowledge of the actions chosen by other players. Simultaneous games contrast with sequential games, which are played by the players taking turns (moves alternate between players).
In other words, both players normally act at the same time in a simultaneous game. Even if the players do not act at the same time, both players are uninformed of each other's move while making their decisions.
In a Simultaneous Game, players only have one move and all players' moves are made simultaneously. The number of players in a game must be stipulated and all possible moves for each player must be listed. Each player may have different roles and options for moves. However, each player has a finite number of options available to choose.
Therefore, we can conclude that the correct option is A simultaneous game is said to exist when:<u> firms choose their strategies at the same time as their rivals.</u>
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