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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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Sarasota Company purchased a machine at a price of $103,200 by signing a note payable, which requires a single payment of $130,0
nlexa [21]

Answer:

-7.407%

Explanation:

Let interest rate be x%

Present value of payment = $130,002 * PV of discounting factor (rate%, time period)

$103,200 = $130,002 * 1.0x^3

1.0x^3 = $103,200 / $130,002

1.0x = ($103,200 / $130,002)^(1/3)

1.0x = 0.793834^(1/3)

1.0x = 0.92592660981

x = (0.92592660981 - 1) * 100

x = -0.07407*100

x = -7.407%

3 0
3 years ago
Direct Labor Variances La Barte Company manufactures commuter bicycles from recycled materials. The following data for July of t
Alisiya [41]

Answer:

Explanation:

a. The computation of the labor rate variance is shown below:  

= Actual Hours × (Actual rate - standard rate)  

= 5,050 × ($16.80 per hour - $16 per hour)  

= 5,050 × $0.80 per hour

= $4,040 unfavorable

b. The computation of the labor time variance is shown below:  

= Standard Rate × (Actual hours - Standard hours)  

= $16 per hour × (5,050 hours - 1,000 × 5.4 hours)  

= $16 per hour × -350 hours

= -$5,600 favorable

c. The computation of the total labor variance is shown below:  

= (Actual hours × Actual rate) - (Standard hours × standard rate)

= (5,050 hours × $16.80 per hour) - (1,000 bicycles × 5.4 hours × $16 per hour)

= $84,840 - $86,400

= -$1,560 favorable

7 0
3 years ago
Create a title page.
labwork [276]
Hey i did your assignment but it won’t let me send it all so do you have any social media platforms i can send it to?
5 0
3 years ago
On 12/31/2020, Heaton Industries Inc. reported retained earnings of $225,000 on its balance sheet, and it reported that it had $
USPshnik [31]

Answer:

$502,500

Explanation:

Heaton industries incorporation reported retained earnings of $225,000 on 12/31/2020

They also reported a net income of $172,500 during the year

On its previous balance sheet the company reported retained earnings of $555,000

Therefore the amount paid in dividends by Heaton during 2029 can be calculated as follows.

= $555,000+$172,500

= $727,500

$727,500-$225,000

= $502,500

Hence the amount paid in dividends by Heaton corporation during 2020 is $502,500

5 0
3 years ago
The political environment in India has proven to be critical to company performance for both PepsiCo and Coca-Cola India. What s
wolverine [178]

Answer:

Explanation:

The political environment in India have played key role in company performance of PepsiCo and Coca-Cola India as follow:

- The Indian government viewed as unfriendly to foreign investors especially those who want to invest in other sectors apart from high tech sectors.

- Outside investment had been allowed only in high-tech sectors and was almost entirely prohibited in consumer goods sectors. The The “Principle of Indigenous Availability” (Policy banning imports being sold in India)

- Distribution Arrangements - Production plants and bottling centers were strategically placed in large cities all around India. They were more added as demand grew, along with new product lines. In Coca-Cola’s case, the JV with Parle provided access to its bottling plants and its products. By forming partnerships, both Coca-Cola and Pepsi were able to get initial access into the market.

5 0
3 years ago
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