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2 years ago

'Partnership business can't be successful without mutual understanding'.justify this statement.

Business

1 answer:

Colt1911 [192]2 years ago

3 0

Answer: See explanation

Explanation:

A partnership is a form of business operations that takes place between two or more people who come together, join their skills and resources together so as to achieve organizational aims, and make profit.

For a partnership to succeed, there must be a mutual understanding between the partners that are involved. The mission and the visions of the organization must be shared by all the partners and understood.

When the partners don't have an agreement in place and a clear understanding about how the partnership will be handled and decisions will be made, this will eventually being about the downfall of the partnership.

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A reduction in the saving rate starting from a steady state with more capital than the golden rule causes investment to?

Studentka2010 [4]

Starting from a steady state with greater capital than the Golden Rule, a decrease in the saving rate results in a decline in investment.

<h3>What is the definition of the golden rule?</h3>

The Golden Rule instructs people to make decisions for others based on their own personal preferences. Putting yourself in another person's shoes or "doing unto others as you would have them do unto you" are two common definitions of the Golden Rule (Baumrin 2004).

The golden rule would advise us to release someone who has been convicted of a crime and given a prison sentence, for instance, because we would not want to go to prison ourselves. This holds true even if we use the platinum rule because it's likely that the prisoner would choose to stay out of jail or prison.

To learn more about Golden Rule, refer to:

brainly.com/question/16313509

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1 year ago

A person who does not lock the doors or does not repair leaks shows an indifferent attitude. This person presents what type of h

Natalija [7]

Answer:

Morale.  Defined as the attitude of individual groups toward their work environment toward voluntary cooperation to the full extent of their ability in the best interest of the organization.

4 0

2 years ago

Fisk Corporation is trying to improve its inventory control system and has installed an online computer at its retail stores. Fi

adell [148]

Answer:

Please consider the following explanation

Explanation:

a. EOQ = 560 units

b. 58800 units/560 units = 105 orders

c. EOQ/2 = 560/2 = 280 units (average inventory)

d. 105 orders × $4 ordering cost = $ 420

280 units × $1.50 carrying cost per unit = 420

Total costs = $840

8 0

2 years ago

An initial time study was done on a process with the following results (in minutes). Based on the data obtained so far, assumi

kiruha [24]

Answer: 24.60 minutes (2dp)

Explanation:

The question is essentially asking that we find the Standard Time it takes to serve a customer.

To do this we would have to calculate the averages of the different elements and then use this to find the normal time which we can then use to find the Standard Time.

Element 1

= (3 + 4 + 4 + 3 + 3)/5

= 3.4

Element 2

= ( 9 + 8 + 10 + 11 + 10)/5

= 9.6

Element 3

= ( 7 + 8 + 6 + 7 + 8)/5

= 7.2

We then calculate the normal times by multiplying each of the individual means with their performance ratings.

That would be,

Element A

= 3.4 * 70%

= 2.38

Element B

= 9.6 * 110%

= 10.56

Element C

= 7.2 * 120%

= 8.64

We then add up the normal times to get the total normal time

= 2.38 + 10.56 + 8.64

= 21.58 minutes

Now we can solve for the standard time using this formula,

Standard time = Normal time (1+Allowance factor)

= 21.58 ( 1 + 0.14)

= 24.6012 minutes

= 24.60 minutes (2dp)

The time per unit customer served is 24.60 minutes.

If you need any clarification please do comment. Cheers.

6 0

2 years ago

Rock industries allocates manufacturing overhead based on direct labor cost. any overallocated or underallocated overhead is clo

Butoxors [25]

Answer:

Note: The full question is attached as picture below

Overhead Cost of one Month = Total Overhead Cost / 12 Month

Overhead Cost of one Month = $403,200 / 12 month

Overhead Cost of one Month = $33,600

So, Overhead Chargeable Per Month is $33,600

PARTICULARS AMOUNT

Direct Materials $26,000

Direct Labor $21,000

Manufacturing overhead Applied $33,600

Total Manufacturing Expenses $80,600

Less: Job Work in Process

Direct Materials $3,000

Direct Labor $1,500

Cost of Goods Sold before proration $76,100

of over or under allocated overhead

6 0

2 years ago

'Partnership business can't be successful without mutual understanding'.justify this statement.​

'Partnership business can't be successful without mutual understanding'.justify this statement.