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ExtremeBDS [4]
3 years ago
6

Eco Lawn Care Corp., a company that manufacturers environmentally friendly lawn care products, has been operating as a business

for a year. The CEO, Markus, started his venture by deciding on the activities that would be involved and what his goals and objectives for the business were. He then started to recruit professional chemists and other personnel and grouped them according to their responsibilities. Every month Markus conducts a meeting where he brings attention to those who are doing good work and motivates everyone to achieve organizational goals. He also checks the daily productivity of each of the workers, monitoring them and providing training to those with low productivity. When Markus was deciding on the activities that would be involved in the business and establishing the goals and objectives, he was performing the ________ function of management.
A) planning.
B) organizing.
C) leading.
D) controlling.
E) decision making.
Business
1 answer:
fiasKO [112]3 years ago
6 0

The act of deciding on the activities that would be involved in the business  and establishment of goals and objectives is a <u>planning function</u> of management

<h3>What is the planning function?</h3>

The planning function is a management function that involves establishing of goals and arranging them in logical order.

Hence, the act of deciding on the activities that would be involved in the business  and establishment of goals and objectives is a <u>planning function</u> of management

Therefore, the option A is correct.

Read more about planning function

<em>brainly.com/question/25703249</em>

You might be interested in
In an imaginary economy, consumers buy only sandwiches and magazines. The fixed basket consists of 20 sandwiches and 30 magazine
rodikova [14]

Answer:

$2.5

Explanation:

Given:

Number of sandwiches in basket = 20

Number of magazines in basket = 30

cost of sandwiches in 2006 = $4

Cost of magazines in 2006 = $2

cost of sandwiches in 2007 = $5

Consumer price index in 2007 = 125

Now,

Consumer price index = \frac{\sum(p_1q0)}{\sum(p_0q0)}\times100

or

125 = \frac{20\times\$5+30\times X}{20\times\$4+30\times\$2}\times100

here,

X is the price of magazines in 2007

thus,

125 = \frac{\$100+30\times X}{$80+$60}\times100

or

1.25 × ($80 + $60 ) = $100 + 30X

or

30X = $175 - $100

or

X = $2.5

Hence,

The price of magazines in 2007 was $2.5

4 0
4 years ago
A new machine with a purchase price of $109,000, with transportation costs of $12,000, installation costs of $5,000, and special
Marta_Voda [28]
<span>The machine would have a cost basis of $80,000 - $86,000. All business owners must gain profit from the products that they sell by ensuring that their capital will be returned to them. Putting such costing price gives the owner the capital gains as well as earning back the expenses that he has shelled out in order to purchase the machine to be sold in the market. <span>
</span></span>
8 0
3 years ago
Peyton's Palace has net income of $13.4 million on sales revenue of $114 million. Total assets were $80 million at the beginning
Romashka [77]

Answer:

Return on Assets = 159.52%

Profit Margin = 11.75%

Asset Turnover Ratio = 1.36 times

Explanation:

The computation of return on assets, profit margin, and asset turnover ratios is shown below:-

a. Return on assets

Average Total Assets = Assets in the beginning + Assets at the end ÷ 2

= ($80 million + $88 million) ÷ 2

= $168 ÷ 2

= $84 million

Return on Assets = Annual Net Income ÷ Average Total assets

= $13.4 million ÷ $84 million

= $159.52 million

b. Profit Margin

Profit Margin = Net Income ÷ Net Sales

= $13.4 million ÷ $114 million

= 11.75%

c. Assets turnover ratio

Average Total Assets = Assets in the beginning + Assets at the end ÷ 2

= ($80 million + $88 million) ÷ 2

= $168 ÷ 2

= $84 million

Asset Turnover Ratio = Net Sales ÷ Average Total assets

= $114 million ÷ $84 million

= 1.36 times

4 0
3 years ago
_____ involves comparing the costs and benefits of consuming or producing one additional unit of a good or service.
Soloha48 [4]
The correct answer is Marginal analysis.

4 0
4 years ago
There will be a lower equilibrium price and quantity if
denis23 [38]

Answer: demand decreases and supply stays the same

Explanation:

The equilibrium price refers to the price whereby the quantity of goods that's demanded and the quantity of goods that's supplied is equal.

On the other hand, the equilibrium quantity is gotten when the quantity of goods demanded and supplied are equal. This is gotten when the demand curve and the supply curve intersects.

It should be noted that there will be a lower equilibrium price and quantity if

In a situation whereby the demand increases and the supply remains the same, the equilibrium quantity and the equilibrium price will increase and vice versa.

8 0
3 years ago
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