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Oksi-84 [34.3K]
3 years ago
12

How do you manage a business?:​

Business
2 answers:
Brilliant_brown [7]3 years ago
7 0

Answer:  Managing a business involves handling office affairs that may include using project software and using small business tools like Intuit QuickBooks. Running an office is a necessary component of business management because office efficiency is an indicator of productivity and job performance.

The Occupational Information Network (ONET) further indicates that office management involves hiring and developing employees, task delegation and directing the assignments of subordinates. Office management involves hiring and developing employees, task delegation and directing the assignments of subordinates.

Time Management

Effective time management is a critical part of managing a business. Employing time management skills help business managers prioritize tasks and effectively organize work assignments. Properly monitoring schedule adherence is necessary to make sure employees have sufficient training, appropriate workloads and oversight to ensure they are performing their job duties adequately. Business managers must occasionally analyze employee schedules and make modifications to keep up with changing business needs.

Task Delegation

Successfully managing a business also means knowing when to delegate work to others, Kelly Services indicates. Task delegation gives business managers the opportunity to transfer assignments and decision-making authority to other qualified workers. Delegation provides executives with additional time to perform other important duties. Managers that delegate tasks are still responsible for ensuring that the duties are satisfactorily completed, however, they do not have to be concerned with the direct management of the task.

Leadership Responsibilities

The nature of business management requires effective application of leadership principles and visionary leadership. Business managers must be able to effectually lead their organization in the right direction. Leadership roles involve managing conflict, encouraging ethical behavior, mentoring employees and marketing the business. Leaders must gain the trust of their subordinates, business partners and customers to maintain positive business relationships and successful business transactions.

Explanation: Managing a business requires the proper application of many different skills. Business managers are responsible for overseeing the day-to-day operations of an organization as well as ensuring employees and other office workers are completing their assigned tasks. Managers are often held accountable for their company's successes and failures. The diverse challenges of managing a business make the task demanding but highly rewarding.

goldenfox [79]3 years ago
4 0
Business management definition is managing the coordination and organization of business activities Management is in charge of planning, organizing, directing, and controlling the business's resources so they can meet the objectives of the policy.
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n autarky, suppose that equilibrium sugar price is $100 per ton in Birdonia, a small agricultural nation. Now, suppose Birdonia
Rainbow [258]

Answer:

the domestic price of sugar will increase to $125.

Explanation:

Since the world price of sugar is higher than the domestic price, domestic producers of sugar will export their products in order to earn a higher profit. That will eventually lead to an increase in the equilibrium price from $100 (former equilibrium price) to a higher price equal to the world price ($125).

6 0
3 years ago
Leon exchanges an office building which he held as investment property for a bowling alley. His office building has a basis of $
exis [7]

Answer:

According to Section 1031 of Internal Revenue Code, an exchange of like-kind property is referred to as like-kind exchange, if the exchange meets the following criteria:

  • The property should be exchanged only for the 'like-kind' (same class) property.
  • The 'like-kind' property that is in exchange should be either used in operations of business or held for investment purposes.
  • The exchange should be done under specific timing restrictions or requirements (for indirect exchanges through third parties).

Explanation:

A) Explanation: Since both the properties in exchange are real properties which are used in business, this is a like-kind exchange

B)  

Description                           Amount ($)

Fair market value of bowling alley   120,000

<u>Add: Mortgage value L is relieved off     40,000</u>

Amount reali7ed                      160,000

<u>Less: Adjusted basis             (175:000) </u>

<u>Realized loss by L                      (15,000) </u>

C) Explanation: Since the loss realized is due to exchange, the loss is not recognized.

D) Explanation: Since the loss is not recognized, the character of gain or loss could not be

E) Explanation: The total of realized loss, $15,000 (From Requirement (b)) is deferred.

F) Determine the basis of property acquired in exchange, bowling alley.

Description                         Amount ($)

Fair market value of bowling alley        120,000

<u>Add: Deferred loss                   15,000 </u>

<u>Basis of bowling alley                  135,000 </u>

8 0
3 years ago
Danielle belongs to a temporary team that was created to resolve a specific issue and then disband at a later date. Danielle bel
lina2011 [118]

Problem-solving team are known to be people or members of a team from the same department that's involved in efforts to improve work activities. Danielle belongs to a problem solving team.

Members of a problem solving team often share ideas or offer suggestions on how work processes and methods can be improved.

Problem solving is is a vital part of business. It is said as working through difficulties and overcoming challenges. It entails finding solutions helps us to excel and advance forward.

It is known to help company understand the right approach to problem solving and also to work smarter.

Learn more from

brainly.com/question/18624628

3 0
2 years ago
Rent revenue $6540 Sales discounts $7830 Interest expense 13260 Selling expenses 99710 Beginning retained earnings 114930 Sales
Stels [109]

Answer:

Income Statement  

Sales Revenue $ 402.000

Sales discounts -$ 7.830

Sales returns and allowances -$ 12.740

Net Revenue $ 381.430

Net Income -$ 22.779

Income attributable to controlling stockholders

Net Income -$ 22.779

Allocation to noncontrolling interest  -$ 19.720

Income attributable to controlling stockholders -$ 62.219

Explanation:

Total Net revenue it's calculated with the Sales Revenue less Sales discounts and Returns and allowances.

Net Income it's calculated with the total Net Sales minus cost of goods sold, Expenses, Interest and Taxes  for a determinated period.

To calculate the income to controlling stockholders it's necessary to subtracted at the end of the statement  which they do not own.

Income Statement  

Sales Revenue $ 402.000

Sales discounts -$ 7.830

Sales returns and allowances -$ 12.740

Net Sales $ 381.430

Cost of goods sold -$ 188.417

Gross Profit $ 193.013

Administrative Expenses -$ 80.660

Selling Expenses -$ 99.710

Other Income Rent Revenue $ 6.540

Net Income BEFORE Taxes $ 19.183

Interest Expenses -$ 13.260

Net Income BEFORE Taxes $ 5.923

Income Taxes  -$ 28.702

Net Income -$ 22.779

Allocation to noncontrolling interest  -$ 19.720

Income attributable to controlling stockholders -$ 62.219

4 0
3 years ago
Bateman Enterprises invested in the bonds of Greater Gloucester on January​ 1, 2018. These 10minus​year, $ 400 comma 000 bonds p
BlackZzzverrR [31]

Explanation:

\frac{400 \times 10 \times 4}{100}  \\  \frac{16000}{100}  \\ 160 \\  \frac{1}{25}  \times 160 \\ 6.4 \: intrest

4 0
2 years ago
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