Answer:
b) directing
Explanation:
The four main management functions are:
- planning
- organizing
- directing
- controlling
Originally, there were 5 main management functions developed by Henri Fayol (staffing was the fifth one) in the early 20th century. Fayol's management theory is still applied today, although it has been modified and updated.
The answer is C) 5 years
Most companies start as small start-ups with little in funding. In the early years of a business, the founders would be most involved in only 2 things, either selling or manufacturing/development.
The early years of a business is linked to survival and growth. It is natural for the founders to not be able to focus on operational excellence.
However, as the company starts to make a profit, the founders are able to work on developing new processes to streamline everything and make it more manageable.
It can take up to 5 years before a company can reach organizational excellence.
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Answer:
Net operating income= 15,000
Explanation:
The absorption costing method includes all costs related to production, both fixed and variable. The unit product cost is calculated using direct material, direct labor, and total unitary manufacturing overhead.
<u>In this case, there is no beginning nor ending inventory. Fixed overhead is incorporated into the cost of goods sold in full.</u>
Sales= 500*100= 50,000
COGS= (10 + 25 + 15)*500 + 10,000= (35,000)
Gross profit= 25,000
Total selling and administrative costs= (5*500) + 7,500= (10,000)
Net operating income= 15,000
Answer:
The optimal stocking level for the bakery is cakes 27.
Explanation:
Cost c = $ 7
Selling price p = $ 10
salvage value s = $ 5
Mean = 25
Standard deviation \sigma = 8
Cu = underage cost
= p-c
= $10 - $7
= $3
Co = overage cost
= c-s
= $7 - $5
= $2
P\leq C_{u}/(C_{u}+C_{o})
P\leq3/(3+2)
= 0.6
By using normsinv() function in excel we to find the correct critical value
The Z value for the probability 0.6 is 0.2533
The optimal stocking level is
=\mu +z\sigma
= 25 + 0.2533 *8
= 27.02
The optimal stocking level of bakery is 27.02
Therefore, The optimal stocking level for the bakery is cakes 27.
Answer: Elasticity of luxury weekend hotel packages in las vegas is -1.432.
Explanation:
Price elasticity of demand measures the responsiveness of quantity demanded to a change in the price of the good.
Mid point method-
Elasticity of luxury weekend hotel packages in las vegas is -1.432.
