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3 years ago

What is organizing in business management

Business

1 answer:

melamori03 [73]3 years ago

6 0

Answer:

Organizing involves assigning tasks, grouping tasks into departments, delegating authority, and allocating resources across the organization. ... Before a plan can be implemented, managers must organize the assets of the business to execute the plan efficiently and effectively.

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Chocolate chippers wants to see if their new chocolate bar is enjoyed more by high school or middle school students. they decide

Novosadov [1.4K]

The sample of the population would be 'all students who attend one middle school and one high school in Atlanta, GA.'

5 0

4 years ago

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What is the difference between an optimistic approach and a pessimistic approach to decision making under assumed uncertainty

Hitman42 [59]

Answer:

The optimistic approach examines the best possible outcome in a given situation and chooses the 'best of the best' while the pessimistic approach examines the worst possible outcome in a given situation and chooses the 'best of the worst'.

Explanation:

Decision making under assumed uncertainty is an approach that is taken when the outcomes of future events are not entirely known. The Hurwicz criterion provides a basis on which the pessimistic and optimistic outcomes can be balanced. This criterion allows the person who makes the decision to chose a coefficient of pessimism signified by alpha (α) and it is a decimal that is graded between 0 and 1. This number signifies the worst possible outcome whereas, the number (1-α) signifies the best outcome.

So, the optimistic approach examines the best possible outcome in a given situation and allows the decision-maker to choose the 'best of the best', while the pessimistic approach examines the worst possible outcome in a given situation and the decision-maker to choose the 'best of the worst'

3 0

3 years ago

Stockmaster Corporation has two manufacturing departments--Forming and Assembly. The company used the following data at the begi

KonstantinChe [14]

Answer:

Explanation:

Forming

Estimated fixed manufacturing overhead $27,000

Estimated variable manufacturing overhead ($1.10*5,000) $5,500

Estimated total manufacturing overhead cost $32,500

Assembly

Estimated fixed manufacturing overhead $10,500

Estimated variable manufacturing overhead ($2.80 × 5,000) 14,000

Estimated total manufacturing overhead cost $24,500

Now we need to add these two numbers ($32,500 + $24,500 = $57,000) in order to identify plantwide predetermined manufacturing overhead rate

Estimated total manufacturing overhead cost $57,000

Estimated total machine hours 10,000

Predetermined overhead rate $5.70 [57,000/10,00]

The overhead applied to Job C:

Overhead applied to job C = Predetermined overhead rate x Machine-hours incurred by C

= $5.70 * (3,400 + 2,000)

= $5.70 x (5,400)

= $30,780

Job C’s manufacturing cost:

Direct materials $11,200

Direct labor cost $21,900

Manufacturing overhead $30,780

Total manufacturing cost $63,880

The selling price for Job C:

Total manufacturing cost $63,880

Markup (40%) 25,552

Selling price $89,432

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4 years ago

Sally opened her own business and resigned from a job paying $25,000 per year. Her savings acccount pays 8% interest, but she wi

DiKsa [7]

Answer:

A) They would be indifferent, as Sally's income net of costs equals $25,000.

Explanation:

Sally's economic profit = accounting profit - opportunity costs

accounting profit = $12,000
opportunity costs = $25,000 - $15,000 in lost salaries + $2,000 (lost investment revenue) = $12,000

economic profit = $12,000 - $12,000 = $0

Since the economic profit is $0, Sally should be indifferent between running her own business or working for someone else.

7 0

3 years ago

What is the main responsibity of the national government ?

Molodets [167]

Answer:

to serve the nation and to develop it

5 0

3 years ago

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