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insens350 [35]
3 years ago
15

What is the importance of having a good management​

Business
2 answers:
jarptica [38.1K]3 years ago
6 0
Employees need to know what is expected of them; having clear expectations helps employees do their job well. A good manager will convey his expectations and make sure employees understand them. He also will make himself available to employees, so they can have the opportunity to clarify any confusion they may have.

Employees can always benefit from a manager's guidance and leadership. For instance, if you own a restaurant, it's doubtful the workday will run smoothly without a manager's intervention. A good manager will monitor her employees as they work and offer suggestions to accomplish tasks in the most efficient and effective manner. This, in turn, can result in more skilled and confident employees. Also, a good manager will work side-by-side with employees during an unexpected surge in business or an employee absence.

A good manager knows that employees need motivation to keep repeating desired behaviors and encouragement to achieve their goals. Managers can offer incentives for exceptional performance as a way to motivate employees. They can hold weekly meetings to encourage employees to strive for their goals. When employees know that their manager cares how they do their jobs and whether or not they are successful, it can make a difference in their daily effort.

A good manager will observe his employees, gather relevant data and evaluate employees objectively, regardless if a personal relationship exists. His job is not to play favorites or become friends with everyone. He is not a peer to his employees; he is a leader. He is there to identify employees' strengths and help them build upon them. He is skilled at identifying areas that need improvement and is able to offer helpful solutions to employees while supporting them as needed. By being fair and objective, the manager will keep employee morale intact and also gain respect and trust.

skad [1K]3 years ago
4 0

Answer:

Employees need to know what is expected of them; having clear expectations helps employees do their job well. A good manager will convey his expectations and make sure employees understand them. He also will make himself available to employees, so they can have the opportunity to clarify any confusion they may have.

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The State of Chiapas, Mexico, decided to fund a program for literacy. The first cost of $250,000 now and an updated budget of $9
timama [110]

The perpetual equivalent annual cost is - $35013

<h3 /><h3>The perpetual annual cost calculation</h3>

interest i = 10%

Period = n = 7 years

Formula

A/F = i/(1+i)^n-1

= 0.1/(1+0.1)^7-1

= 0.1054

The perpetual annual cost

= -250000*0.1-95000(0.1054)

= -25000-10013

= - 35013

Therefore the perpetual equivalent annual cost is   $35013

8 0
2 years ago
As the accountant for Marston Retail Stores, you must calculate the current ratio for the firm's last accounting period. The fir
I am Lyosha [343]

Answer:

1.5

Explanation:

Current ratio = current asset/current liabilities

This ratio is used to determine how quickly the current assets can be used to settle the current liabilities as they fall due.

current assets = $120,000

current liabilities = $80,000

The firm's current ratio = $120,000/$80,000

                                      = 1.5

5 0
3 years ago
A required reserve ratio of 7 percent gives rise to a simple deposit multiplier of?
blsea [12.9K]

A required reserve ratio of 7 percent gives rise to a simple deposit multiplier of 14.29.

<h3>What is reserve ratio?</h3>

The reserve ratio is the percentage of reservable liabilities which commercial banks must keep rather than lend or invest. This is a requirement set by the country's central bank, which is the Federal Reserve in the United States. It is also referred to as the cash reserve ratio.

Some key points related to reserve ratio are-

  • The reserve requirement is the minimum amount of deposits that a bank must hold, and it is sometimes used interchangeably with the reserve ratio.
  • Regulation D of the Federal Reserve Board establishes the reserve ratio.
  • Regulation D established uniform reserve requirements with all deposit accounts with transaction accounts and necessitates banks to provide the Federal Reserve with regular reports.
  • Suppose the Federal Reserve determined that the reserve ratio should be 11%. This means that if a bank has $1 billion in deposits, it must keep $110 million in reserve ($1 billion x.11 = $110 million).

To know more about reserve ratio, here

brainly.com/question/13758092

#SPJ4

3 0
2 years ago
Last year, Richmon Company produced 10,000 units and sold 6,000 units at a price of $20. Costs for the last year were as follows
Goshia [24]

Answer:

The correct answer is B: $46,400

Explanation:

The difference between absorption and variable costing is that the first one includes fixed manufacturing overhead in the manufacturing cost.

Giving the following information:

Absorption costing:

Direct materials= 30,000

Direct labor= 38,000

Variable factory overhead= 8,000

Fixed factory overhead= 40,000

Total= $116,000

Unitary cost= 116000/10000= $11.6

Ending finished inventory= 4000*11.6= $46,400

5 0
3 years ago
The boss stops providing free coffee to the workers when the monthly sales goal is not met. This is an example of:
Mars2501 [29]

Answer:

negative incentive

Explanation:

5 0
2 years ago
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