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QveST [7]
3 years ago
5

Explain fayols 14 principle of management in any organization

Business
1 answer:
USPshnik [31]3 years ago
7 0

Answer:

The fourteen principles of management created by Henri Fayol are explained below.

Division of Work- ...

Authority and Responsibility- ...

Discipline- ...

Unity of Command- ...

Unity of Direction- ...

Subordination of Individual Interest- ...

Remuneration- ...

Centralization-

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There are four consumers willing to pay the following amounts for haircuts, and there are four haircutting businesses with the f
Softa [21]

Based on efficiency, the businesses that should cut hair are the A and C; moreover, to meet the demand, each firm will need to offer at least two haircuts.

The supply of a product or the units of a product that is offered to potential customers should always meet the number of real customers. In the same way, the price of the product should meet the price customers are willing to pay.

In this context, the best is that only firm A and C cut hair, this is because their prices per cut ($25 and $30) match the consumers' willingness to pay this includes Lorenzo ($35), Gilberto ($50), Juanita ($40) and Neha ($25).

  • Firm A can cut Neha's and Lorenzo's hair
  • Firm C can cut Gilberto's and Juanita's hair

Moreover, this implies each firm needs to do at least 2 haircuts to cover all the possible customers.

In the case of firms B and D, the price per cut is high ($40 - $45). Based on this,  they should not cut hair as only a few customers can pay for this service, and this would be inefficient.

Learn more in: brainly.com/question/13225200

4 0
2 years ago
A business operated at 100% of capacity during its first month and incurred the following costs: Production costs (18,200 units)
Semmy [17]

Answer:

Option A,$257,732 is correct

Explanation:

The computation of income from operations requires that the operating expenses(variable operating expenses and fixed operating expenses) be deducted in the current period as against charging a portion to closing inventory as it is obtainable under the absorption costing method:

Direct materials                                            $180,100

Direct labor                                                   $238,100

Variable factory overhead                            $261,800

Total prime costs                                              $680,000  

Less closing stock(1900*$680,000/18200)    ($70,989)  

Costs of good sold                                            $609,011  

add:operating expenses:

variable operating expenses                            $126,500

Fixed operating expenses                                 $49,900

Fixed factory overhead                                       $97,900

Total expenses                                                     $883,311  

income from operations=sales-total expenses

                                        =$1,141,000-$883,311=$257,689

The $257,689 is closest to option A,$257,732 the difference could be due to rounding error  

           

4 0
3 years ago
In an enterprise resource planning (ERP) system, the _____ component provides information on production costs and pricing.
posledela

Answer: manufacturing

Explanation:

In an enterprise resource planning (ERP) system, the manufacturing component provides information on production costs and pricing.

Enterprise Resource Planning is the gathering and organization of business data by using an integrated software suite.

It should be noted that ERP software typically contains applications that helps in automating certain business functions such as sales quoting, production, accounting etc

5 0
3 years ago
Values tend to vary across generations because they are influenced by events in childhood and youth. For example, some parents l
Greeley [361]

Answer:

False

Explanation:

The reason is that the values tend to vary across generations but these values are cultural and investment made largely depends on the behavioral implications of the person and his knowledge. The people around us are diverse from risk perspective. So people invest accroding to their risk appetite and behaviour.

4 0
3 years ago
You are valuing the stock of Microsoft Corp. You estimate the fair value of the stock of $270. Currently the stock is trading at
Setler [38]

Answer: buy the stock

Explanation:

Fair value refers to the price of an asset that's determined by the buyer and the seller. It's the worth of an asset. The market value is the price an an asset is sold in the marketplace.

By comparing the fair value and the market price, one can know if to invest in a asset or not. Since the fair value is more than the market price, then the should be bought.

8 0
3 years ago
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