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Veronika [31]
2 years ago
10

Sid works as a sales representative for the Lowalt Company. He is about to meet with his manager to review his progress toward m

eeting the sales objectives they agreed to at the beginning of the year. Sid likes the fact that managers at Lowalt listen to their subordinates' ideas and get everyone involved in setting goals and objectives. Sid's experience suggests that Lowalt is using: (Points : 6) scientific management. management by objectives (MBO). the program evaluation and review technique (PERT). programmed management.
Business
1 answer:
Elenna [48]2 years ago
5 0

Answer:

Management by Objectives (MBO).

Explanation:

According to the statement, managers at Lowalt listen to their subordinates´ ideas, and the latter actively participate in setting goals and objectives. That is the fundamental characteristic of Management by Objectives (MBO), a model that seeks to optimize the performance of a company by adopting a series of objectives agreed by both owners and workers.  Under this approach, employee participation makes the organization function harmoniously as a whole, as its internal interest groups would be aligned under agreed common purposes.

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Adams Manufacturing allocates overhead to production on the basis of direct labor costs. At the beginning of the year, Adams est
mel-nik [20]

Answer:

Over/under allocation= $11,900 underallocated

Explanation:

Giving the following information:

At the beginning of the year, Adams estimated total overhead of $358,700; and direct labor of $211,000. During the year Adams incurred $377,400 in overhead costs and $215,000 on direct labor costs.

<u>First, we need to calculate the estimated overhead rate. Then, allocate overhead based on actual direct labor dollars. Finally, determine the under/over allocation.</u>

To calculate the estimated manufacturing overhead rate we need to use the following formula:

Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Estimated manufacturing overhead rate= 358,700/211,00= $1.7 per direct labor dollar

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Allocated MOH= 1.7*215,000= $365,500

Finally, we calculate the under/over allocation:

Over/under allocation= real MOH - allocated MOH

Over/under allocation=377,400 - 365,500= $11,900 underallocated

5 0
2 years ago
Of the following, identify the CORRECT statement. a. A bond's current yield must always be either equal to its yield to maturity
max2010maxim [7]

Answer:

A) A bond's current yield must always be either equal to its yield to maturity or between its yield to maturity and its coupon rate.

Explanation:

the yield to maturity = current yield +/- capital gains yield

current yield = yield to maturity +/- capital gains yield

the capital gains yield is positive or negative depending if the bond was sold at a premium or at a discount which results in a coupon rate being either higher or lower than the yield to maturity.

so the current yield must always be within a range between yield to maturity and coupon rate

7 0
2 years ago
A factor held constant to test the relative impact of the independent variable is known as a:
PSYCHO15rus [73]
The constant in a system is the control. 
6 0
2 years ago
Read 2 more answers
mith Services, Inc., was a trucking company established in 2000 and owned by Tony Smith as the sole shareholder. Smith Services,
Evgesh-ka [11]

Answer:

Answers for related statements are given below.

Explanation:

1. Corporation

2.  Is

3.  Smith services

4.  Did

5. Was and was not

6. Was

7. Limited

8.  Their investment in the corporation

9.   Lost

lo. Might

11. Pierce the corporate veil

12.Abused and indistinguishable

13.Does not appear

14.Does not appear and does not appear

15.Is no and is no

16. Should not

7 0
2 years ago
Read 2 more answers
Management's philosophy at Nike has often been that a fit body contributes to more productivity at work. Nike provides exercise
algol13

Answer:

Corporate policy

Explanation:

Corporate policy is a set of procedures recommendations that is based on the analysis of internal and external factors that will benefit the organization to cope up with problems and avoid an adverse outcomes.

The reason is that the company wants to increase the productivity of its labor which will help them to control cost by encouraging its employee to exercise daily. This act was not oriented towards to benefit employee, it was purely for the increase in productivity. So this serious position on fitness is its part od corporate policy.

7 0
2 years ago
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