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elixir [45]
3 years ago
11

G To what extent do managers need to have experience in accounting and with financial statements?

Business
1 answer:
mojhsa [17]3 years ago
6 0

Answer:

The question seems to have missing parts which I could not find on the internet, however I have tried to answer the part available as below :

To a greater extent,  managers need to have experience in accounting and with financial statements to understand their Decision Implications on Profit and to communicate with the Public and Stakeholders well.

Explanation:

Experience with Accounting and with Financial Statements are very important in that understanding these, Managers would be well aware of their Decision Implications on the bottom line - Profit. The performance of every manager can be traced back to items  that where within their control and these are shown in financial statements. The financial statement is also a vital document when the Company is communicating to the Public or to other Stakeholders and as such Managers need to be aware of. Some Managers are Sole Traders who need to have experience with accounting and with financial statements among other skills.

However, Mangers are not expected to be good at everything and they may be hired for one specialty such as strategy or marketing. In that case more time must be devoted to leave up to their role and leave the details of Accounting and Financial Statements to those hired for that specialty.

In conclusion it is to a greater extent,  managers need to have experience in accounting and with financial statements to understand their Decision Implications on Profit and to communicate with the Public and Stakeholders well.

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Complete the statements and then calculate the change in consumption. The consumption function shows the relationship between co
White raven [17]

Answer:

Disposible income.

Marginal propensity to consume.

Disposible income, marginal propensity to consume.

The consumption will increase by  $800

Explanation:

The consumption function shows the relationship between consumption spending and disposible income.

The slope of the consumption function is the marginal propensity to consume.

Changes in consumption can be predicted by multiplying the change in disposible income by the marginal propensity to consume.

Given:  MPC = 0.80

           Disposible income increases by $1,000

consumption increase =  0.80*$1000

                                     = $800

Therefore, The consumption will increase by  $800.

7 0
3 years ago
Which estimating technique decomposes the work into lower, more detailed pieces, preferably the lowest level of WBS work element
elixir [45]

Answer: (C) Bottom-up estimating

Explanation:

The bottom-up estimating is one of technique used by the manager or lead of the project department in the project management process.

By using this technique the manager makes an estimated process for assigning the different types of task in project management and it also divide the task into the different groups so that they work done more efficiently and accurately.

According to the given question, the bottom-up estimating technique are used for decomposes the work into the detailed format.  

Therefore, Option (C) is correct.

4 0
3 years ago
____________ helps to preserve the relationship between workers and management because it helps them listen to the other side.
Ne4ueva [31]

Answer:

The correct answer is letter "C": Mediations.

Explanation:

Mediations are alternative methods to solve conflicts that have the inherent goal of reaching an integral solution of the conflict for the parties involved avoiding to take the problem to court. During the mediation, the parties involved express their demands and a mediator comes to the best conclusion that benefits the parties as equal as possible.

6 0
3 years ago
Cheyanne, the regional manager of a global sales organization, gives freedom to the sales representatives on the amount spent on
tamaranim1 [39]

Answer:

(B). Ethical standards

Explanation:

Ethical standards within an organization are standards set by the organization that employees are expected to abide by.

<em>They include values such as integrity, respect, trust, honesty, loyalty.</em>

Abiding by these ethical standards bring about employee and customer satisfaction.

<u>By giving freedom to sales representatives on the amount spent on gifts for Asian and European customers, Cheyanne is managing for Ethical standards.</u>

5 0
3 years ago
Percentage returns:
weeeeeb [17]

Answer:

I. easily convey the return for each dollar invested.

Explanation:

Percentage of returns is used to explain the return on an investment relative to the amount invested.

It can also be called a return on investment (ROI). Return on investements is always expressed as percentages or ration and is usually calculated with formula

​ROI  =   <u> Current Value of Investment−Cost of Investment​</u>       ×     100%

                                Cost of Investment

Cheers.

7 0
3 years ago
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