answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Ivanshal [37]
2 years ago
10

The pursuit of organizational goals efficiently and effectively by integrating the work of people through planning, organizing,

leading, and controlling the organization’s resources is the definition of _____.
Business
1 answer:
Airida [17]2 years ago
8 0

Answer:

Management

Explanation:

Management can be defined as the discipline that involves the use of a firm's resources (labor, capital) in an efficient and effective way, in order to attain the firm's objectives.

Those firm's objectives are also set by management, and the main task of management is to coordinate efforts accross the firm divisions (marketing, operations, HR, accounting, finance) to achieve those goals.

You might be interested in
You are selling a new line of T-shirts on the boardwalk. The selling price will be $25 per shirt. The labor cost is $5 per shirt
Ad libitum [116K]

Answer:

Option (a) is correct.

Explanation:

Contribution per unit:

= Selling price per unit - Variable cost

= Selling price per unit - (Material  + labor cost)

= $25 - ($10 + $5)

= $25 - $15

= $10

Fixed cost = Administrative cost + Sales and marketing expense

                 = $60,000 + $20,000

                 = $80,000

Break-even quantity:

= Fixed cost ÷ Contribution per unit

= $80,000 ÷ $10

= 8,000 shirts

8 0
2 years ago
A manager reorders lubricant when the amount on hand reaches 422 pounds. Average daily usage is 45 pounds, which is normally dis
Snezhnost [94]

Answer: The risk of stock out = 2.94%

Explanation:

Reorder point is calculated as: Lead time*demand per unit time=45*9=405

While the amount on-hand reaches 422 pounds, the manager was reordering lubricant.

During the lead time, Standard Deviation of Demand =Daily S.D*(Lead time)^0.5=3*(9^0.5)=9

Risk of Stock Out=(422-405)/9 S.D=1.89 S.D

From Normal distribution curve 1.89 S.D=0.0294=2.94%

Therefore, the risk of stock out=2.94%

7 0
2 years ago
Read 2 more answers
"________ products are less frequently purchased consumer products and services that customers compare carefully on suitability,
REY [17]

Answer: The correct answer is Shopping Products

Explanation: Shopping products are products that are not frequently requested and purchased. In purchasing these products, a consumer consciously weighs his options by comparing the suitability of the goods in meeting his needs.

The price and quality of the products are also determining factors for shopping products.

4 0
2 years ago
​greg, a​ landscaper, is planning on opening his own landscaping company. he currently earns​ $40,000 per year working for his u
Oxana [17]

Answer:

The total economic cost is $40,500 per year

Explanation:

The total economic cost per year is equal to the sum of:

* The opportunity cost relating to sacrificing the current work Greg is working on which is equal to his yearly salary of : $40,00.

* The opportunity cost relating to sacrificing the interest income earned on $10,000 saving, which he is now used for purchasing equipment, which is calculated as: 10,000 * current rate of savings = 10,000* 5% = $500 ( total cost of equipment is not included because e could sell the equipment for what he​ paid later on).

=> So, total economic cost per year is $40,000 + $500 = $40,500.

5 0
2 years ago
A professional gambler moves from a state where gambling is illegal to a state where gam-bling is legal. Most of his income was,
Murrr4er [49]

Answer:

The answer is: A) raises GDP.

Explanation:

If a gambler is a professional gambler (pays income tax on his gambling earnings) then when he moves from a state that prohibits gambling to a state that allows gambling, his earnings will increase the GDP.

The GDP only considers legal income, so illegal activities such as prostitution, drug trafficking, or illegal gambling are not included in the GDP. But if they become legal (e.g. some states legalized marijuana) then they should be included in the GDP.

4 0
2 years ago
Other questions:
  • In a recent speech, the governor of your state announced: "one of the biggest causes of juvenile delinquency in this state is th
    5·1 answer
  • An example of a company known for responding appropriately to an ethical dilemma is __________.
    6·1 answer
  • Ruby invents a new type of pillow and obtains a patent for it. Sleep-Time Inc. believes that Ruby’s pillow infringes on one of S
    11·1 answer
  • Question #1: Assume an initial starting Ft of 300 units, a trend (Tt) of eight units, an alpha of 0.30, and a delta of 0.40. If
    11·1 answer
  • Omega Company makes and sells jungle gyms and tree houses for children. For jungle gyms, the price is $150 and the variable expe
    12·2 answers
  • Describe how you plan to account for the organizational roles and experience level of your audience as you prepare your presenta
    6·1 answer
  • Setrakian Industries needs to raise $96.2 million to fund a new project. The company will sell bonds that have a coupon rate of
    15·1 answer
  • Jingfei, an employee of Chinese origin, works as a sales representative at Global Recyclers International. Her supervisor, Ralph
    9·1 answer
  • Lisa is the CEO of a corporation. As such, she is authorized to make daily operating decisions for
    9·1 answer
  • Essence of Skunk Fragrances, Ltd., sells 5,750 units of its perfume collection each year at a price per unit of $445. All sales
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!