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Ainat [17]
2 years ago
10

The Management of XYZ Company Limited uses value chain analysis, supply chain management, inventory b)Identify and explain the t

ype of school of management approach being used in the company.(5marks) management, quality control, queuing theory, linear programming and network models approaches in management of the company. The company relies on scientific applications of mathematical techniques to c)Discuss in four (5) ways, how contingency School of Management is different from the type of school manage problems. a)Briefly explain the typesof management theoriesapplicable in XYZ company Limited. (5marks) of management identified in (ii) above.​
Business
1 answer:
wariber [46]2 years ago
4 0

a) The school of management that the Management of XYZ Company Limited is applying is called <em>Mathematical or Quantitative School of Management.</em>

The Mathematical or Quantitative School of Management:

  • Expresses management problems in equations, mathematical symbols, and quantitative models  
  • Encourages wide application of computer technology, simulations, and analytics
  • Introduces precision to management thinking and practice

b) The Contingency School, unlike the Mathematical  School of Management:

  • Recognizes that not all management processes can be expressed with mathematical symbols and formulas.
  • Identifies that mathematical models cannot replace sound judgment, which requires intuition and not equation.
  • States that there is no single technique to solving management problems.
  • Encourages managers to use any feasible management technique to solve problems, thereby thinking outside the box.
  • Emphasizes that the applications of management principles and practices (process, behavioral, quantitative, and systems) should be contingent upon the prevailing circumstances.  

Thus, with Contingency School, the tools of management thinking and practice should be applied based on prevailing situations and not mathematically with equations, models, and symbols.

Learn more about another School of Management Thought here: brainly.com/question/15557968

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A symmetric, bell-shaped frequency distribution that is completely defined by its mean and standard deviation is the _____ distr
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A symmetric, bell-shaped frequency distribution that is completely defined by its mean and standard deviation is the<u> normal distribution.</u>

A symmetrical distribution about the mean, such as the normal or Gaussian distribution, indicates that data points closer to the mean occur more frequently than data points further from the mean.

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1 year ago
Priscilla owns a factory that produces kayaks. She is trying to decide whether to continue using her one of her current pieces o
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Originally used by the Inuit, kayaks are a sort of canoe with a light frame and a watertight covering that has a tiny space in the top to sit in.

As a type of compact watercraft, kayaks are renowned for their exceptional design. A boat that is quick, strong, and simple to turn may be modified for calm lakes, swift rivers, and rough seas thanks to its light hull, covered top, and shallow base.

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1 year ago
The area of a patio is 5 5/8 square yards and its length is 1 1/2 yards. What is the patios width in yards?
Angelina_Jolie [31]
The formula to find the area of a rectangle is
Area=length*width
( area equals length times width)

So you substitute the values in the problem into the equation above.
5 5/8=1 1/2* w

Then you can solve the equation by dividing the 5 5/8 by the 1 1/2, cancelling out 1 1/2 and leaving the w by itself on one half of the equal sign
You are left with
3 3/4 = w

The width of the patio in yards is 3 3/4.
(Just ask if you have more questions or I didn't explain something clearly)
8 0
2 years ago
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Beech Company produces a single product. The company has 50,000 units in its beginning inventory. Beech's variable production co
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Answer:

Closing inventory = 54,000 units

Explanation:

<em>The difference between profit under variable costing and under absorption costing is simply the value of the change in inventory.</em>

<em>Usually, a decrease in inventory would cause profit under absorption costing to be lower . This is so because cost of goods sold would become higher leading to a lower profit</em>

Difference in profit = POAR × change inventory

POAR- fixed overhead cost per unit- $10,

Difference in profit - $120,000

let the change inventory be y

120,000 = 30 ×   y

y= 120,000/30

y = 4000 units

Inventory at the end = opening inventory  + change inventory

                               = 50,000 + 4000  

                               = 54,000 units

<em>Note; An increase in inventory will produce a higher profit using absorption costing. Hence, we added the change inventory to the opening inventory, to reflect an increase in inventory</em>

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