Explain the importance of decision making in management

Answers

Answer 1

Answer:

Decision-making is perhaps the most important component of a manager's activities. It plays the most important role in the planning process. When the managers plan, they decide on many matters as what goals their organisation will pursue, what resources they will use, and who will perform each required task.


Related Questions

8
What are three advantages of corporations?

Answers

Answer:

Personal liability protection, business security and continuity

An entrepreneur might use _____ in the very early stages of a start-up.


friends and family

self-financing

investors

loans

Answers

Self- financing
:)))))

Answer:

An entrepreneur might use Friends and family/Investors in the very early stages of a start-up.

Explanation:

Edge 2021-2022

define central bank.​

Answers

Answer:

An institution that manages the currency and monetary policy of a state of formal monetary union and over sees a banking system. The Federal Reserves are in control of these banks

Explanation:

Good luck

A central bank is a financial institution given privileged control over the production and distribution of money and credit for a nation or a group of nations. In modern economies, the central bank is usually responsible for the formulation of monetary policy and the regulation of member banks.

There is no substitute for the product that is being sold.

A) perfect competition
B) monopolistic competition
C) Oligopoly
D) monopoly

Answers

Answer:

monopoly or b

Explanation:

Jonas has been assigned to work with a team at Falk Enterprises, Inc. Jonas has supervised this team in the past, and they have always failed to produce results on time. One of the difficulties previously cited by the team was confusion over the roles each team member played. Discuss some the possible roles each of these team members could play and some steps Jonas could take to avoid frustration and delay with this project.

Answers

Answer:

There should be defined roles of all the team members and they should know their responsibilities.

Explanation:

Jonas should clearly assign tasks of the project to his team members and each member should be accountable for his task. Jonas should teach his team about the significance of time management and therefore task must be completed before deadlines. Each member of the team must have defined responsibilities and roles.

A survey conducted recently in China showed that in the last two years, Investments in the businesses increased by almost 75%. The same survey also concluded that people became wealthy by investing in businesses, and this motivated other people to invest more in their respective businesses. What most likely triggered this increases in investment?

Answers

Answer:A survey conducted recently in China showed that in the last two years, Investments in the businesses increased by almost 75%. The same survey also concluded that people became wealthy by investing in businesses, and this motivated other people to invest more in their respective businesses. What most likely triggered this increases in investment? Incentives

Explanation:China’s State Council announced US$6.59 billion worth of tax cuts for businesses and investors, hoping to reduce the burden on small and micro-enterprises, encourage investors to continue lending, and ensure capital flow in the economy. These tax cuts were for example:On companies that have suspended production or business due to restructuring or cutting of overcapacity. They can have their real estate tax and land-use tax either reduced or exempted altogether.Investors in social security funds and basic pension funds can enjoy tax relief.Postal savings banks with large amounts of agriculture-related loans can pay a preferential value-added tax.Lenders to small and micro-enterprises can enjoy expanded value-added tax exemption on loans to such enterprises.Foreign institutions can exempt their corporate income tax and value-added tax on interest gains from onshore bond market investments.Also, to boost foreign investments, China would cut import tariffs on 1,585 taxable items, including machinery, textiles, paper products, and construction materials...

What are the reasons of marketing for Air Jordans shoes??

Answers

Answer:

to better their brand recognition and better their market shares through embracing social media and customer interactions.

Explanation:

there are two packs of cards each containing 52 cards. one card is drawn from each pack. find the probability that at least one of them will be the ace of hears.​

Answers

Answer:

Probability drawing at least one ace of hearts is 3.8 %

Explanation:

Probability of drawing at least one ace of hearts = 1 - probability of no aces of hearts being drawn.

Probability of drawing no aces of hearts

[tex](\frac{51}{52})^2[/tex] [tex]= 0.9619[/tex]

Probability drawing at least one ace of hearts

[tex]= 1- 0.9619\\\\= 0.03809\\= 3.8[/tex]%

Ringmeup Inc. had net income of $143,100 for the year ended December 31, 2019. At the beginning of the year, 36,000 shares of common stock were outstanding. On May 1, an additional 18,000 shares were issued. On December 1, the company purchased 4,300 shares of its own common stock and held them as treasury stock until the end of the year. No other changes in common shares outstanding occurred during the year. During the year, Ringmeup paid the annual dividend on the 9,000 shares of 4.65%, $100 par value preferred stock that were outstanding the entire year. Calculate basic earnings per share of common stock for the year ended December 31, 2013.

Answers

Answer: $2.12 per share

Explanation:

Basic earnings per share is calculated by the formula:

= (Earnings - Preferred share dividends) / Weighted average number of shares at year end

Weighted average number of shares at year end:

= (36,000 * 11/12 months) + (18,000 * 8/12 months) + ((38,000 - 4,300)) * 1/ 12 months)

= 47,808 shares

Preferred share dividends :

= 9,000 * 4.65% * 100

= $‭41,850‬

Basic earnings per share:

= (143,100 - 41,850) / 47,808

= $2.117846

= $2.12 per share


Evaluate the impact of induction on Coep​

Answers

Answer:

Jul 23, 2020 — This phase II study aimed to evaluate the efficacy and safety of ... 2-3 cycles of induction pegaspargase-COEP chemotherapy followed by ...

Explanation:

The effect of introduction on COEP is that it will attract more students to join in the programme.

What are the advantages of the induction?

Your new hires receive crucial information and job-specific training during induction. You warmly welcome them into their new positions and assist them in doing so. You can present the different offices and divisions of your business during this training as a site visit.

The goal of the student induction program is to assist new students in settling in and becoming comfortable in their surroundings, to introduce them to the institution's ethos and culture, to assist them in forming relationships with other students and faculty members, and to expose them to a sense of greater purpose and self-exploration.

Therefore, the effect of introduction on COEP is that it will attract more students to join in the programme.

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Match each description to the appropriate term.

1. Maturity value
2. Interest
3. Interest rate
4. Notes receivable

a. A formal, written instrument of credit that represents amounts due from customers.
b. The stated rate charged for using the money of another party.
c. The amount due that must be paid at the due date of a note receivable.
d. The amount charged for using the money of another party

Answers

Answer and Explanation:

The matching is as follows;

1. (c) the maturity value is the due amount that should be paid at the due date

2. (d) The interest is the amount that should be charged for using the money of other party

3 (b) The interest rate is the rate charged for using that money of the other party

4(a) The note receivable is the instrument that should be formal and written which shows the amount outstanding from the clients

Punitive damages are damages imposed on the wrongdoer by the court as punishment for an unintentional tort.

True
False

Answers

Answer:

False.

Explanation:

Punitive damages are the damages that a defendant pays in addition to actual damages. Punitive damages are awarded by a court when the defendant's behavior is found to be intentional or negligent.

In the cases of tort liability, the court applies punitive damages when defendants motif is proved to be intentional.

Therefore, the given statement is false, as the court impose punitive damages for intentional tort.

Which of the following rewards accrues to the factor of production called
"capital"​

Answers

Answer:

As factors of production, the reward for land is rent, capital is interest, labour is wages and salaries and entrepreneur is profit.

Why is it common for producers of services to sell through short distribution
channels directly to the end user?
O A. Transportation costs for services tend to be extremely high.
O B. Not many intermediaries care to distribute services.
C. Some kinds of services are distributed through a broker or agent.
D. The people providing the service often do so by interacting directly
with the user.

Answers

Answer:The people providing the service often do so by interacting directly with the user.

Explanation:

Just took the quiz.

Jennifer accepted her first job out of college and is moving to another state. How can her credit score affect her?

Landlords may contact prior landlords.
Lenders may look at business bankruptcies.
Insurers may look at garnishment of wages.
Government agencies may look at prior employment.

Answers

Answer:A

Explanation:

The credit score of Jennifer may be affected when she moves out of state for job after finishing her college, as the landlords may contact prior landlords. Hence, option A is correct.

What is a credit score?

A credit score is a report that describes and intends to showcase the credibility of an individual in the market. A good credit score results in ease of getting loans and EMI.

A credit score gets affected if there is any default in payments previously by the individual. If Jennifer has made any defaults in her rent payments, the landlords take a note of the same, as it affects her credibility.

Hence, option A holds true regarding a credit score.

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QUESTION 3 of 10: True or False: In a sole proprietorship, the owner's personal assets are at risk if the business is not successful.
a) True
b) False

Answers

Answer: A. True

Explanation: I took the test

In a sole proprietorship, the owner's personal assets are at not at risk if the business is not successful. Thus, the statement is false.

What is a sole proprietorship?

A sole proprietorship, also known as individual entrepreneurship or proprietorship, is a type of business owned and operated by one person with no legal distinction between the owner and the business entity.

If a sole proprietorship fails, the owner may lose any money invested in the company, but the owner's personal assets are not at risk. Sole proprietors have unlimited liability for their company's debts. This means that if their company runs into financial difficulties, they may lose their personal assets.

Therefore, the statement about sole proprietorship is false.

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what is credit crunch ? in your own words. ​

Answers

Answer:

it is the sudden ruduction of available money or credit in the banks or lenders

Producing one yard of cloth requires 3 worker and 1 capital, while producing one pound of food requires 1 worker and 2 capital. Both countries have 720 workers; the United States has 480 capital, while ROW has 720. The price of food is always $24/pound; the price of cloth is $22/yard in the United States in autarky and $32/yard in both countries under free trade. The labor constraint is

a. QC + 2QF = 720
b. QC + 3QF = 720
c. 2QC + QF = 720
d. 3QC + QF = 720
e. none of the above

Answers

Answer:

d. 3QC + QF = 720

Explanation:

The labor constraint is the resource limitation in terms of labors. If labor resource is scarce then production schedule needs to prepared with special attention to utilize the resource in best possible way. The labor constraint  is 3QC + QF = 720 for the ROW.

2. Will planning become more or less important to managers in the future? Why?​

Answers

Answer:

I think it will not be important cause there would be new technology that would fix everything up.

define equity economics.​

Answers

Answer:

Equity or Economic equality is the concept or idea of fairness in economics, particularly in regard to taxation or welfare economics.

Answer:

Equity or Ecomics equality is the concept or idea of fairness in economics, particularly in regard to taxation or welfare economics

define capital economics.​

Answers

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Answer:

In economics, capital consists of human-created assets that can enhance one's power to perform economically useful work. ... Capital goods, real capital, or capital assets are already-produced, durable goods or any non-financial asset that is used in production of goods or services

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Answer:

In economics, capital consists of human-created assets that can enhance one's power to perform economically useful work. Capital goods, real capital, or capital assets are already-produced, durable goods, or any non-financial asset that is used in the production of goods or services.

Explanation:

hope this helps...

have a great day...

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Use the following to answer questions 31 - 32: Ann is the president of the Paper Supply Company. She is thinking about updating the technology used to produce the paper goods her company sells. Sales have been increasing and are currently around 7,000 tons per year. She has identified the following potential options: Alternative 1 - Use the current technology with annual fixed costs of $10,000 and variable costs of $10 per ton. Alternative 2 - Update the current technology resulting in annual fixed costs of $20,000 and variable costs of $8 per ton. Alternative 3 - Adopt the latest technology resulting in annual fixed costs of $40,000 and variable costs of $6 per ton. 31. The two relevant cross-over volumes (those volumes at which you would shift from one process to another)
A) 5,000 & 7,000
B) 7,000 & 10,000
C) 5,000 & 10,000
D) 7,500 & 10,000
Which alternative would you recommend, and why?
A) Alternative 1
B) Alternative 2
C) Alternative 3
D) Any of the above

Answers

Answer:

31. B) 7,000 & 10,000

32. B) Alternative 2

Explanation:

Volume is 7000 tons :

Alternative 1 costs : $10,000 + (7000 * $10 ) = $80,000

Alternative 2 costs : $20,000 + (7000 * $8 ) = $76,000

Alternative 3 costs : $40,000 + (7000 * $6 ) = $82,000

Alternative 2 is the most cheapest option if the volume is between 7,000 tons to 10,000 tons.

how to set up a small business plan for loan​

Answers

Answer:

You suck!!

I new I should of flagged you!

Answer:

Search it up on the internet.

Explanation:

Go to g00gle and write, how to set up a small business plan for loan.

Al is a medical doctor who conducts his practice as a sole proprietor. During 2013, he received cash of $280,000 for medical services. Of the amount collected, $40,000 was for services provided in 2012. At the end of 2013, Al had accounts receivable of $60,000, all for services rendered in 2013. In addition, at the end of the year, Al received $12,000 as an advance payment from a health maintenance organization (HMO) for services to be rendered in 2014.
Compute Al's gross income for 2013:
a. Using the cash basis of accounting.
b. Using the accrual basis of accounting.
c. Advise Al on which method of accounting he should use?

Answers

Answer:

a. Cash basis

This recognizes revenue and expenses only when cash been received or spent.

Gross income for 2013 = Cash received for medical services + Advance payment

= 280,000 + 12,000

= $292,000

b. Accrual basis

This recognizes only revenue and expenses incurred in a period, regardless of if cash is paid or not.

Gross income for 2013 = Cash received for medical services - Cash received for medical services provided in previous periods + Accounts receivable

= 280,000 - 40,000 + 60,000

= $300,000

c. Use CASH BASIS OF ACCOUNTING

From a taxation point of view, using the cash basis would be more beneficial as Al will pay a less amount of tax as it is a lower income.

He will also be sure of the cash received unlike Accrual that recognizes Accounts receivable which have a chance of not being collected.

what is the difference between job rotation, job delegation, job enlargement and job enrichment​

Answers

Answer:

Whereas job enlargement means increasing the scope of job quantitatively by adding up more tasks, job enrichment means improvement in the quality of job such that employees are more satisfied and fulfilled. ... Job enrichment entails the functions of planning and organizing and enlargement involves execution of the same.

what is commercial bank? in your own words. ​

Answers

Answer:

a commercial Bank is a type of banks that provide services such as accepting deposits making business loan etc

Explanation:

define equity economics.​

Answers

Answer:

fairness or evenness

Explanation:

Basically being fair to one another.

At the end of the preceding year, XYZ Inc. had a deferred tax asset of $17,500,000, attributable to its only temporary difference of $70,000,000 for estimated expenses. At the end of the current year, the temporary difference is $45,000,000. At the beginning of the year there was no valuation account for the deferred tax asset. At year-end, XYZ Inc. now estimates that it is more likely than not that one-third of the deferred tax asset will never be realized. Taxable income is $12,000,000 for the current year and the tax rate is 25% for all years.

Required:
Prepare journal entries to record Income Tax Expense for the current year.

Answers

Answer:

See below

Explanation:

Given that;

Deferred tax =

Temporary difference = $17,500,000

Taxable income = $45,000,000

Taxable income = $12,000,000

Tax rate = 25%

We would get the value of income tax expense for the current year

Deferred tax asset = (Temporary difference × Tax rate) - ( Referred tax at the end of the preceding year)

Deferred tax asset = ($45,000,000 × 25%) - $17,500,000

Income tax payable = (Taxable income × Tax rate)

Income tax payable = ($12,000,000 × 25%)

Valuation allowance in deferred tax = (One third of the temporary difference of the current year × Tax rate)

Valuation allowance in deferred tax = (1/3 × $45,000,000 × 25%)

Journal entries

Deferred tax Dr $13,000,000

($45,000,000 × 25%) - $17,500,000

..................Balance Cr $6,250,000

.................To Income tax payable

($12,000,000 × 25%) Cr $3,000,000

..................To Valuation allowance in deferred tax (1/3 × $45,000,000 × 25%) Cr $3,750,000

define central bank economics. ​

Answers

Answer:

A central bank is a financial institution given privileged control over the production and distribution of money and credit for a nation or a group of nations. In modern economies, the central bank is usually responsible for the formulation of monetary policy and the regulation of member banks.

If your company uses a nonprice competition strategy, what should you focus on?
A.
Lowering prices
B.
Differentiation
C.
Creating direct competitors
D.
The public sector

Answers

Answer:

form of competition that requires form to focus on product differentiation instead of pricing strategies among competitors business cannot decide to compete against each other in the form of non price competition suggest that white icing and product development

Answer:

B.  Differentiation

Explanation:

Just took the test!

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In 2-3 complete sentences, explainhow Alice Walker's SETTING influenced herwriting. Which of the following examples demonstrates heat transfer through radiation?A.Boiling water on a stove.B.IAA heater blowing air into a room.C.IAA hamburger cooking on a grill.D.The sun heating up a pool. can you help please I have a lot more questions like this. In hockey, Ed makes 7 goals for every 10 shots. If he takes 6 shots, what is the probability that he will make at least 5 goals? hi please help me with this angles work for math class find the arc length semicircle 10 What factors led to the decline of villages across Europe during the Middle Ages?a. bird flu and locustsb. the plaguec. the Great Famined. the Great Famine and the plague giving brainliest *easy* A squirrel runs at a steady rate of 0.51 m/s in a circular path around a tree. If the squirrel's centripetal acceleration is 0.43 m/s 2 , what is the radius of the circle? A farmer had 90 black sheep and 10 white ones. 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Just 2.5% of the world's water is fresh, with much of that caught up in polar ice caps (University of Michigan, 2000). Drought and poor infrastructure mean that already today water is a scarce resource. Over seven hundred million people lack access to clean water (WHO, 2013) and one in three people in every continent do not have enough water to satisfy their daily needs (WHO, 2009). Without clean drinking water, there will be an exponential increase in the incidence of diseases such as cholera and typhoid, which will undoubtedly place an excessive strain on healthcare systems. Without water for agriculture and industry, our food and manufacturing industries will be unable to satisfy demand. Already today, 10% of people consume foods which have been irrigated using waste water full of chemicals or disease (WHO, 2009). Should water become even scarcer, this is likely to grow further.The second critical issue is land. 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However, the number of road vehicles reached one billion in 2010 (WardsAuto, 2011), an increase of 20 million from the previous year, and is continuing to increase due to the growing wealth in developing countries. It is therefore likely that there will be an unprecedented demand for oil over the next 50 years, pushing prices to exorbitant levels. This will make it more difficult for people to afford food, heating, and other manufactured goods, placing more people into poverty.Overpopulation is not a problem for one country or continent; it is a problem for all of us. The UN (2012) estimates that by 2030 the world will need 50% more food, 30% more water, and 45% more energy than it does today. We must stop burying our heads in the sand and make a sustained effort to reduce population growth. We must develop a coherent strategy that will increase access to education for all. Not only is education a fundamental human right, it also facilitates a reduction in population growth. Large families tend to be prevalent in developing countries and yet when men, women, and children in these areas receive education, family sizes shrink. The UN estimates that in less developed countries where women are not educated, they have twice as many children as in those countries where they are educated. It is therefore this area in which we should invest time and money. Who can argue with free and equal education for all?It is true that the world's population is growing, but this is not the cause of our current and future global problems. Believing this will give rise to ignorance of the real problem and the resulting irreparable damage to our planet. 2 Let me start by explaining why overpopulation is a myth. The UN Population Division regularly predicts population growth, but provides a low variant, medium variant, and high variant to factor in various likelihoods. In the 2010 revision, their high variant suggested that the world population will be almost 16 billion in 2100, but the low variant predicted it will peak at 8 billion and decrease to just over 6 billion by 2100. In most cases, it is the low variant that has come true in the past, suggesting the same will be true of their future population predictions. Which is breaking down information into parts? analysis point of view perspective synthesis . Which of these statements about density is true? O Larger objects are more dense. O Density of an object changes if you cut it in half Density is a physical property. O The density of an object depends on the force of gravity. Select the box(s) for each region(s) that represents students taking history and English, but not Math? A and b are positive integers and a-b=2 ... 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