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USPshnik [31]
4 years ago
15

Philip is a new manager of a 15 person manufacturing operation. His predecessor has handed him a complete annual plan (with budg

ets) and a roster and organization chart of all of the resources in his department. Philip has presented the company’s strategic plan to his department and met with each of them individually to establish rapport. After a month on the job, the owner approaches him and asks how he is doing compared to plan. Philip is stunned because he hasn’t attended to which of the 4 management functions?
Business
1 answer:
romanna [79]4 years ago
4 0

Answer:

Phillip is stunned because he has not been attending to the management function of "controlling".

Explanation:

The four management functions are; planning, organizing, leading and controlling.

Controlling involves monitoring the processes and activities involved as an organization works, according to laid down plans, towards achieving set goals and objectives.

<em>Phillip is stunned because he has not been monitoring comparing the progress made so far with the strategic plan (i.e. he has not been controlling the strategy implementation activity).</em>

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When sold at a 40% discount, a sweater nets the merchant a 20% profit on the wholesale cost at which he initially purchased the
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Answer:

100%

Explanation:

Let the normal retail price of the sweater be 'SP' and the cost price be 'CP'

Therefore,

The selling price = SP - 40% of SP = SP - 0.4SP = 0.6SP

Now,

the profit = 20% of CP = 0.2CP

also,

Profit = Selling Price - Actual price

or

0.2CP = 0.6SP - CP

or

1.2CP = 0.6SP

Or

CP = 0.5SP

or

SP = 2CP

thus,

Increase percentage in sweater marked up from wholesale at its normal retail price

= \frac{SP-CP}{CP}\times 100

or

=  \frac{2CP-CP}{CP}\times 100

= 100%

3 0
3 years ago
What is the first step in creating a cash flow statement?
Leya [2.2K]
The first step is to calculate income. 
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3 years ago
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Money received for work is/are _____. wages expenses taxes mean salary
Citrus2011 [14]
Correct Answer:
Wages

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3 years ago
Steven's Co. provides the following sales forecast for the next three months: July August September Sales units 5,000 5,700 5,56
Ipatiy [6.2K]

Answer:

d. 5,175 units.

Explanation:

The computation of the budgeted production units for July is shown below:

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Beginning finished inventory units = 1,250 units

Now put these units to the above formula  

So, the units would equal to  

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3 years ago
True or false: leadership is a narrow term that only refers to formal positions such as ceo and cfo.
ss7ja [257]

leadership is a narrow term that only refers to formal positions such as ceo and cfo. The statement given in question is false.

<h3>Just what is leadership?</h3>

Leading a team or an organization is "the action of doing so." Leadership is simply about taking chances and questioning the existing quo, to put it simply. Others are inspired by leaders to take on new and better challenges. Curiously, leaders pursue innovation rather than doing so out of necessity. By examining the team's accomplishments and progress, they gauge success. To limit risk and produce predictable results, management, on the other hand, entails assigning duties and motivating individuals to obey the rules. Planning, organizing, leading, and controlling are the manager's four primary responsibilities.

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