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lora16 [44]
2 years ago
12

Selecting your management approach based on the situation and the people involved is applying Multiple Choice the quantitative v

iewpoint. total quality management. the contingency viewpoint. the behavioral science approach. evidence-based management.
Business
1 answer:
antiseptic1488 [7]2 years ago
3 0

The management approach based on the prevailing situation and the people involved applies <u>C. the contingency viewpoint.</u>

<h3>What is the contingency approach?</h3>

The contingency approach to management states that there is no situation that remains the same at all times. Every planning, organizing, leading, and controlling activity of management should align with the prevailing circumstances and the peculiar individuals affected.

This is a flexible approach to management.

Thus, the contingency approach does not apply the quantitative, behavioral science, or evidence-based approaches, but it applies a combination of all approaches too meet the requirements at the time.

Learn more about the contingency management approach at brainly.com/question/6117492

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Steve’s Lumber Company features a large selection of materials for flooring, decks, moldings, windows, siding and roofing. It is
liq [111]

Answer:

1. The major issue in the process is the lack of communication between different parties. The process being manually driven, might affect the customer satisfaction and lead to lost sales. The changes which need to be made is to make available the price information of different items at once, when the customer comes in to place an order. This can be made possible by asking the suppliers to send the updated sheet every morning before the day's business begins. It will be better if the entire uncatalogued as well as the price sheet is in electronic form, which can be updated immediately, as soon as the information is received from supplier in the morning. One better alternative is to connect the suppliers through an ERP so that their price might reflect at the company's end as soon as it is updated, It will reduce much hassle and mistakes that might creep in due to manual process.

2. a. The number of customers leaving per day / week to competitors due to inefficiency.

b. Total average delay in customer's order.

c. Customer satisfaction rating of the process as this will give the overall picture of customer's opinion about the company.

3. The information system might enable the suppliers to update their information each day which can then be used by the company reps to find out the right price of an item and enable him /her to provide the estimate immediately, leading to greater customer satisfaction, reducing the lost sales and eliminating the chances of a wrong quote being given.

4 0
3 years ago
Shirley’s and Son have a debt-equity ratio of .60 and a tax rate of 35 percent. The firm does not issue preferred stock. The cos
ikadub [295]

Answer:

d. 8.2%

Explanation:

The computation of the WACC is shown below:

= Weightage of debt × cost of debt × ( 1- tax rate) + (Weightage of  common stock) × (cost of common stock)

where,  

Weighted of debt = Debt ÷ total firm

= (0.60 ÷ 1.60)

= 0.375

And, the weighted of common stock = (Common stock ÷ total firm)

                                                              = 1 ÷ 1.60

                                                              = 0.625  

The total firm is

= 0.60 + 1

= 1.60

Now put these values to the above formula  

So, the value would equal to

= (0.375 × 8%) × ( 1 - 35%) + (0.625 × 10%)

= 1.95% + 6.25%

= 8.20%

8 0
3 years ago
Which of the following is not allowed as an itemized deduction?
Readme [11.4K]
D) magazines can only be deducted if purchased for a business.
7 0
3 years ago
Read 2 more answers
What is the key idea in the aggregate expenditure macroeconomic​ model? The key idea in the aggregate expenditure model is that
guajiro [1.7K]

Answer:

A) in any particular​ year, the level of GDP is determined mainly by the level of aggregate expenditure.

Explanation:

The formula for calculating the aggregate expenditure (AE) of an economy is the same used to calculate the gross domestic product:

Aggregate expenditures = consumption + investment + government + net exports (exports - imports)

The main difference between the GDP ans AE is that AE measures the planned consumption, the planned investment, the planned government expenses and the planned net exports.

he equation is: AE = C + I + G + NX. The aggregate expenditure determines the total amount that firms and households plan to spend on goods and services at each level of income.

6 0
3 years ago
Which of the following observations is true?
Strike441 [17]

Answer:

Which of the following observations is true?

d. In the long run, more costs become variable.

Explanation:

The long run is a period of time in which all factors of production and costs are variable.

5 0
3 years ago
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