Why do you
think it's easier to forget entrepreneurship than labor or capital?
Entrepreneurship is much less tangible than other factors of production capital, that is why it's far more hard to discover.
Entrepreneurship is the assignment of latest business ventures that could eventually become profitable agencies. Some economists identify entrepreneurship as a factor of production due to the fact it is able to boom the effective performance of a company. Land refers to herbal resources, exertions refers to work attempt, and capital is anything made that is used to make something else. The final aid, entrepreneurship, refers to the capability to place the opposite 3 sources together to create capital.
Labor refers to all salary-incomes activities, including the work of specialists, retail workers, and so forth. Entrepreneurship refers back to the projects taken by way of entrepreneurs, who commonly begin as the first people in their firms after which regularly appoint different elements of production to grow their organizations.
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An agricultural manager requires work
different from that of a normal farmer in
which of the following ways?
A. being able to run farm equipment
B. being able to harvest crops
C. being able to obtain legal information on grant
programs
D. being able to raise livestock.
Answer:
C-Being able to obtain legal informational on grant programs
Explanation:
Suppose that when the price of gasoline is $3.50 per gallon, the total amount of gasoline purchased in the United States is 6 million barrels per day. Also, suppose that when the price of gas decreases to $3 per gallon, the total amount of gasoline purchased is 8 million barrels per day. Based on these numbers and using the midpoint formula, the price elasticity of demand for gasoline is:
By definition, the price elasticity of demand for gasoline is -2.33.
Price elasticity of demandThe price elasticity of demand is a measure used to show the responsiveness, or elasticity, of the quantity demanded of a good or service to changes in the price of that good or service.
That is, the price elasticity of demand indicates to what extent changes in price alter the demand for specific products or services.
The price elasticity of demand is calculated by dividing the percentage change in demand by the percentage change in price, resulting in the following expression:
\(Elasticity=\frac{percentage change in quantity demanded}{percentage change in price}\)
\(Elasticity=\frac{\frac{deltaQ}{Q} }{\frac{deltaP}{P} }\)
where:
deltaQ means the absolute change in quantities demanded.Q represents quantity.deltaP represents the absolute change in price.P represents the price.Price elasticity of demand for gasolineKnowing that:
When the price of gasoline is $3.50 per gallon, the total amount of gasoline purchased in the United States is 6 million barrels per day. When the price of gas decreases to $3 per gallon, the total amount of gasoline purchased is 8 million barrels per day.First, the percentage change in quantities is calculated as follows:
The absolute change in quantities deltaQ is obtained by first subtracting the final demand from the initial demand, that is (8 million – 6 million = 2 million)Now dividing this value by the initial demand, you obtain 2 million÷6 million=0.333, which, taken to a percentage value, finally shows that the percentage change in quantity demanded is 0.333×100%= 33.3%.Now the percentage change in price is determined as follows:
The absolute change in the deltaP price is obtained by subtracting the final price from the initial price, that is (3 – 3.5= -0.5).Now dividing this value by the initial price -0.5/3.5, we obtain -0.143, which, taken as a percentage value, shows that the percentage variation in the price is -0.143x100%= -14.3%.Finally, the price elasticity of demand is calculated as:
\(Elasticity=\frac{33.3}{-14.3}\)
Solving:
Elasticity= -2.33
In summary, the price elasticity of demand for gasoline is -2.33.
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New Zealand Aer offers a family couch seating arrangement a family couch is a row three economic economy class seats that can be adjusted to perform at flat fixed flexible space New Zealand’s air family couch is a what innovation
Discuss how SOX affects the operations of an ERP system.
The security requirement of SOX is twofold: (1) get entry to confidential monetary facts needs to be restrained to handiest a select few authorized individuals inside the device and (2) monetary records should best be brought or edited through those legal persons to make sure that the statistics are valid.
In step with White, SOX forced public companies to address war-of-interest troubles inside the hiring of auditors by empowering audit committees to supervise the control of those auditors who had been introduced on operations.
The act implemented new guidelines for groups, inclusive of placing new auditor requirements to reduce conflicts of interest and transferring duty for the complete and correct dealing with economic reports.
To discourage fraud and misappropriation of corporate property, the act imposes harsher penalties for violators.
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select all that apply. which statement represents a positive way supervisors can manage diverse employee ob foundations?
All the statements given represent positive ways through which supervisors can manage diverse employee OB foundations.
In the context of OB or organizational behavior, diversity refers to the ways in which workers are similar or different from each other. It may be described by any characteristic that varies within a particular work unit such as age, education, tenure, gender, race, or functional background (such as being an accountant versus being an engineer).
The more an organization is open to perspectives from individuals of different backgrounds, the more resilient and creative it becomes. Diversity of employees, if managed properly and effectively, not only improves performance but also creates positive friction that enhances deliberation and upends conformity. The following are the positive ways (as per the given options) through which supervisors can manage diverse employee organizational behavior enterprises:
Encourage interactionFacilitate effective communicationAcknowledge holidays of all culturesValue All Diversity"
Complete question is:
select all that apply. which statement represents a positive way supervisors can manage diverse employee ob foundations?
A: Encourage interaction
B: Facilitate effective communication
C: Acknowledge holidays of all cultures
D: Value All Diversity.
"
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Sandra’s Purse Boutique has the following transactions related to its top-selling Gucci purse for the month of October. Sandra's Purse Boutique uses a periodic inventory system.
Date Transactions Units Unit Cost Total Cost
October 1 Beginning inventory 6 $ 790 $ 4,740
October 4 Sale 4
October 10 Purchase 5 800 4,000
October 13 Sale 3
October 20 Purchase 4 810 3,240
October 28 Sale 7
October 30 Purchase 8 820 6,560
$ 18,540
3. Using LIFO, calculate ending inventory and cost of goods sold at October 31
The cost of goods sold (COGS) was $17,260, and the ending inventory was $3,160 using the LIFO method.
The LIFO method (last-in, first-out) of inventory valuation requires that the most recent purchases of inventory be used first in the cost of products sold and ending inventory calculations. The ending inventory and cost of products sold at the end of October will be calculated using the LIFO method, based on the data given in the table.Based on the data given, the total units sold is 14, and the total units purchased is 17. Here's how to calculate the ending inventory and cost of products sold using the LIFO method:Step 1: The last purchase of 8 units at a cost of $820 each on October 30 is deducted from the inventory count, leaving 9 units.Step 2: The previous purchase of 4 units at a cost of $810 each on October 20 is deducted from the inventory count, leaving 5 units.Step 3: The next purchase of 5 units at a cost of $800 each on October 10 is deducted from the inventory count, leaving 0 units.Step 4: Based on the LIFO method, the cost of the ending inventory is the sum of the cost of the oldest units remaining in stock, which is 4 units at a cost of $790 each on October 1, totaling $3,160.Step 5: Based on the LIFO method, the cost of goods sold (COGS) is calculated by adding the total cost of units sold, which is 14 units at a cost of $820 each on October 30, 4 units at a cost of $810 each on October 20, and 5 units at a cost of $800 each on October 10, totaling $17,260.Therefore, the cost of goods sold (COGS) was $17,260, and the ending inventory was $3,160 using the LIFO method.For more questions on cost of goods sold (COGS)
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In a statement of approximately 75 words explain why the economic systems in countries with dictatorships or closed systems of government tend to be less prosperous and do not have healthy economic policies or markets.
The economy in countries with dictatorships or similar governments is often less prosperous because these countries usually have closed economy systems and this limits the profit from trading, the materials for manufacture, among others.
Most countries with authoritative governments such as dictatorial ones support closed economy systems, this means:
The country does not trade with others.There are no exportations and importations.All the good citizens buy are produced within the borders of the country.These characteristics have been found to have mainly a negative effect because:
The country cannot obtain profits from trading with others.Manufacture and products are limited by those found inside the nation.Economic crises are difficult to overcome due to a lack of resources or support from other nations.Learn more in: https://brainly.com/question/23353220
The NYSE is an example of a(n) _______________ exchange while NASDAQ is an example of a(an) __________________ market. Organized; over-the-counter Broker; dealer Electronic; private Private; public
Considering the functions and operations of the organizations, The NYSE is an example of a(n) Organized exchange while NASDAQ is an example of a(an) Over the Counter market.
NYSE is an acronym for the New York Stock Exchange. It is generally considered the most significant capital market in the world, with over $30 trillion. Its stock market is deemed to be stable. It is also known as a designated market.
On the other hand, NASDAQ is an acronym for National Association of Securities Dealers Automated Quotations. However, its stock market is considered to be volatile. It is also a dealer market
Hence, in this case, it is concluded that the correct answer is option A. "Organized; over-the-counter."
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conglomerates are among the three major types of corporate mergers, and examples include the following, except:
Conglomerates are among three major types of corporate mergers, and examples include them, except United and Continental Airlines General Electric.
What is a Conglomerate?A conglomerate is a multi-industry company, or a grouping of many companies operating in various industries under one corporate organization. A conglomerate typically comprises of a parent firm and a large number of subsidiaries. Conglomerates of this size and scope are prevalent. Due to low loan rates and a prolonged bear-bull market, conglomerates were able to acquire smaller companies through leveraged buyouts. Finding acquisition targets with price-earnings ratios that were significantly lower than the acquirer's and stable earnings was crucial. The conglomerate would make an offer to the target's shareholders at a significant premium to the target's existing stock price. Following shareholder approval, the conglomerate often settled the transaction in non-cash assets such bonds, debentures, warrants, or convertible debentures.
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If an employee's family member is seriously ill, employers are required to allow the employee up to how many weeks off?
Question 2 options:
a) 1
b) 2
c) 8
d) 12
Answer: 12 weeks
Explanation:
If an employee's family member is seriously ill, the employers are required to allow the employee up to 12 weeks off.
According to the Family Medical Leave Act, it should be noted that the individuals who work for the employers who have 50 or more employees can be given about 12 weeks of unpaid leave in a year which they can use to take care of family members that are seriously sick or care for new children or seriously ill family members, or for themselves if they're seriously sick.
Question 6 (10 points)
A company purchases $10,000 worth of equipment on account. What effe
this transaction have on the equity account?
Increases
Decreases
No Effect
Answer:
Equity is not changed by credit or purchases on account.
The correct is C. It has no effect
Explanation:
I am positive. Have a great day!
The change brought about by online competition from Amazon and Walmart are examples of _____
Answer:
Transformational change.
Explanation:
I think.. i am not sure
The Unadjusted Trial Balance columns of a work sheet total $97,500. The Adjustments columns contain entries for the following:
Office supplies used during the period, $5,700.
Expiration of prepaid rent, $2,050.
Accrued salaries expense, $1,850.
Depreciation expense, $2,150.
Accrued service fees receivable, $1,750.
The Adjusted Trial Balance columns total is:
Answer:
The total of adjusted trial balance is $103,750
Explanation:
ADJUSTMENT EFFECT ON TRIAL BALANCE
Office supplies used during the period No change in total balance
Expiration of prepaid rent No change in total balance
Accrued salaries expense Increase in total balance
Depreciation expense Increase in total balance
Accrued service fees receivable Increase in total balance
Hence, Adjusted trial balance total = Unadjusted work sheet total + Accrued salaries expense + Depreciation expense +Accrued service fees receivable
$97,500 + $1,850 + $2,150 + $1,750
= $103,750
Thus, the total of adjusted trial balance is $103,750.
Based on the information given the Adjusted Trial Balance columns total is: $103,250.
Adjusted trial balance
Unadjusted work sheet total $97,500
Add Accrued salaries expense $1,850
Add Depreciation expense $2,150
Add Accrued service fees receivable $1,750
Total Adjusted Trial Balance $103,250
($97,500 + $1,850 + $2,150 + $1,750)
Inconclusion the Adjusted Trial Balance columns total is: $103,250.
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What is a market that runs most efficiently when one large firm supplies all of the output referred to as?
a government monopoly
a natural monopoly
a franchise
market power
(Gradpoint)
Answer:
a natural monopoly
Explanation:
A monopoly is a market structure which is typically characterized by a single-seller (one seller) who sells a unique product in the market by dominance. This ultimately implies that, it is a market structure wherein the seller has no competitor because he is solely responsible for the sale of unique products without close substitutes.
A monopolist refers to any individual that deals with the sales of unique products in a monopolistic market.
On a related note, a natural monopoly is a market that runs most efficiently when all of the output is supplied by one large business firm. Thus, a business firm is considered to be a natural monopoly if it's capable of producing the total output of the market at a lower cost than two or more business firms could.
Some examples of natural monopoly are the United States Postal Service, electricity grid, water supply, gas network, sewer services, energy distributors, railway service, etc.
Isaiah is in his 50s and currently does not have a retirement fund. However, he recently read a few articles about the insufficient savings of people in retirement and, as a result, he decides he wants to start now. He saves $500 per month for 15 years and earns 7% by investing in the stock market* through an index fund.
1. How much of the total did Isaiah contribute himself?
2. How much money did Isaiah make through compounded returns in this investment account?
Answer:
1255
Explanation:
gh\\667
The monthly demand for a part is 1,500 units.
(a) EOQ, (b) annual holding cost, (c) annual order cost, and (d) annual total inventory cost.
Explanation:
Jhfhfnfbsnnfnf is a great place to work
Volatile price changes, technological changes, and government intervention are what type of risks?
Volatile price changes, technological changes, and government intervention are external risks that can impact a company's operations and performance.
What are Volatile price changesVolatile price changes refer to fluctuations in input or product prices, which can affect profitability and cost structure. Technological changes can introduce advancements or disrupt an industry, requiring companies to adapt to avoid becoming obsolete.
Government intervention, through regulatory changes or policies, can create uncertainties and challenges for companies, affecting operations, costs, and market access.
To mitigate these risks, companies should implement risk management strategies such as diversification, contingency planning, staying informed about market trends, investing in R&D, and engaging with government stakeholders.
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The income statement of Dolan Corporation for 2012 included the following items:
Interest revenue $131,000
Salaries and wages expense 170,000
Insurance expense 15,200
The following balances have been excerpted from Dolan Corporation's balance sheets:
December 31, 2012 December 31, 2011
Interest receivable $18,200 $15,000
Salaries and wages payable 17,800 8,400
Prepaid insurance 2,200 3,000
The cash paid for insurance premiums during 2012 was:______
A) $13,000.
B) $12,200.
C) $16,000.
D) $14,400.
Answer:
C) $16,000.
Explanation:
cash paid for insurance premiums = total insurance expense + ending balance of prepaid insurance - beginning balance of prepaid insurance
cash paid for insurance premiums = $15,200 + $3,000 - $2,200 = $16,000
Generally when you purchase an insurance policy you can either pay every month or pay for several months in advance and get a discount. When you pay for several months in advance, you must debit prepaid insurance. Then as time passes, you must accrue insurance expense. For e.g. you pay $2,400 today for a 1 year insurance premium, and at the end of the month you will accrue $200 of insurance expense. But your cash payment was made today.
TRUE OR FALSE a market is a group of buyers and sellers of a good or service and the institution or arrangement by which they come together to trade.
True, a market is a group of buyers and sellers of a good or service and the institution or arrangement by which they come together to trade.
What does the word "market" mean?
A mechanism whereby commodities and services are exchanged as a result of buyers and sellers coming into contact with one another, either directly or through institutions or agents that operate as middlemen.
Who are the consumers in the market for products and services?
Families and households purchase products and services on the open market. Income is used by households to purchase goods and services.
Businesses participate in the market as vendors of goods and services. Revenue in this context refers to the money received by businesses from the sale of goods and services.
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Do you think teams are a valuable new management technique that will endure, or are they just a fad that will be replaced with something else in the near future?
Teams are a valuable management technique that is likely to endure, but their implementation may change as the needs of organizations and the workforce evolve.
Are teams valuable management techniques that will endure?Teams have been a valuable management technique for decades, and their popularity has only increased over time. Teams can bring together individuals with different skills and perspectives, enabling them to work collaboratively to achieve a common goal. Additionally, teams can foster innovation and creativity, as well as promote a sense of ownership and accountability among team members.
There is no reason to believe that teams will become less important in the future. In fact, with the rise of remote work and the need for organizations to be more agile and adaptable, teams are likely to become even more prevalent. However, it is possible that the way teams are managed and organized may evolve over time, as new technologies and management theories emerge.
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Amye is in high school. As part of one of her classes, she had to identify the legality of different situations that involved workers and their employers. She enjoyed this aspect of her class so much that she wanted to find a job that uses this interest. Which career should Amye focus on during college?
accountant
human resources manager
chief executive officer
credit analyst
Answer:
B. Human resources manager
Explanation:
Have great weekend
Answer:
(B)human resources manager.
Explanation:
The human resources department handles a range of different functions within an organization. The department is responsible for hiring and firing employees, training workers, maintaining interoffice relationships and interpreting employment laws.
Suppose you are a human resource professional at a company setting up work
teams for production and sales. Explain at least four legal requirements which need
to be embedded in your pay structure to support this new work arrangement.
If I were a human resource professional at a company setting up work teams for production and sales, the four legal requirements that need to be embedded in my pay structure to support this new work arrangement are:
The nation's minimum yearly salary.State minimum wage is paid.Minimal wage for the employees.A flat wage for the position.What will the legal requirements be about?A group incentive plan is a form of compensation that bases pay on the collective performance of a team and emphasizes cost-cutting, productivity growth, and achieving organizational objectives.
I supposedly work in human resources for a company that organizes work teams for sales and production and I would suggest the below point to encourage this new work arrangement:
Teams that are unable to function independently are provided group incentive plans. They are only able to function in teams, and the job itself necessitates it.Learn more about human resource professional from
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Please label the statements as true or false regarding rationality.
a. You are currently in a labeling module. Turn off browse mode or quick nav, Tab to items, Space or Enter to pick up, Tab to move, Space or Enter to drop.
b. Rational people will always choose the option that maximizes income.
c. The rationality assumption is used to simplify models. Risk aversion is an example of irrationality.
d. One of the root causes of credit card overuse is due to mental accounting.
The statements are labelled as true or false regarding rationality as follows:
Statement Label
a. In a labeling module False
b. Choice of rational people True
c. Risk aversion is irrationality True
d. Mental accounting cannot
cause credit card overuse False
Rationality demands that a person's decision is based on logic or reason. Irrationality presupposes the absence of rationality or reason.
Again, there is no logicality in the first and fourth statements but rationality is observed in the second and third statements.
Thus, a good example of irrationality is risk aversion, which is also a risky gamble.
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Which of the following colors is highly variable and can be either cool or slightly warm, depending on how it is used?
Explanation:
Dark blue with dark red
Today’s entrepreneurs are taking advantage of the opportunity to meet changing needs in the marketplace. Examples include cleanup of radioactive and industrial waste, disposal of outdated computers and office equipment, and women-friendly tool kits for home improvement. How does this opportunity demonstrate awareness of the marketplace? Do you anticipate that the market will be increasing or decreasing?
The opportunity for entrepreneurs to meet changing needs in the marketplace, such as cleanup of radioactive and industrial waste, disposal of outdated computers and office equipment, and women-friendly tool kits for home improvement, demonstrates their awareness of the evolving demands and preferences of consumers.
By identifying these specific needs and developing solutions to address them, entrepreneurs show their understanding of the marketplace and the potential for profitable ventures.
They recognize that there is a demand for environmentally-friendly waste management services, responsible disposal of electronic devices, and products tailored to the needs of women engaging in home improvement projects. This awareness enables them to capitalize on these opportunities and cater to niche markets.
Regarding the future trajectory of the market, it is important to note that predictions can be influenced by various factors and are subject to change. However, based on the information provided, it seems likely that the market for these types of services and products may increase or remain stable in the near future.
Concerns about environmental sustainability, regulations on waste management, and the increasing focus on inclusivity and gender equality suggest a continued need for solutions in these areas. As long as these needs persist and evolve, entrepreneurs who are able to offer innovative and effective solutions are likely to find opportunities for growth and success in the market.
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Group Assignment: Principle of Macroeconomics (TECO 1123)
Instructions:
• The assignment is assessed in accordance to the rubric provided.
Hence, students should attempt to meet the expectations illustrated as per the rubric when providing their answers.
• Students are encouraged to use economic diagrams to illustrate economics concepts.
• The maximum word for the assignment is 1,200 words, which include tables and captions but exclude footnote, endnote and references.
Total number of words must be specified at the end of the assignment. Over length assignment will be penalized as below:
Assignment Question:
International news article on:
* unemployment during covid
Write a commentary on the news article. The articles must NOT be any older than 1st January 2020.
Your commentary should meet the following requirements:
a. Provide a concise summary of what is reported in the newspaper.
Along with the concise summary, provide an appropriate context or background to the event as well.
b. Make use of all relevant economic theories or economic concepts that are included in the syllabus of Principle of Macroeconomics - TECO 1123 (Check the course plan)
c. The use of diagrams and figures to illustrate economic theories or economic concepts is necessary.
d. Provide a conclusion. You can conclude by providing opinions or suggestions on further improvement or you can make a forecast on how the issue will develop based on the economic theories or concepts that you have employed.
Students are encouraged to cite relevant journal articles in their assignment.
Harvard referencing system should be used to reference their work and citations (if any).
Further information on Harvard referencing can be obtained from the below:
http://libweb.anglia.ac.uk/referencing/harvard.htm
My commentary is given below:
COVID-19 caused unemployment and disrupted global economies with lockdowns and social distancing.
What is the news article about?In continuation, Unemployment has surged due to pandemic, leading to poverty, social unrest, and strain on welfare systems. The pandemic has emphasized the labor market's significance in the economy, impacting supply and demand and disrupting employment balance.
The pandemic caused lower demand, less spending, reduced production, and more joblessness. Governments worldwide take steps to reduce pandemic impact on economy and employment.
Therefore, The pandemic revealed labor market vulnerability and emphasized the need for policies promoting employment and economic growth.
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________is the interest that the bank pays you on the principal plus on the_________ that you earned the preceding year.
Answer:
Compound interest; interest.
Explanation:
Compound interest can be defined as the interest that the bank pays you on the principal plus on the interest that you earned the preceding year. Thus, it is simply calculated by adding an interest to the initial principal i.e compounding the interest rather than withdrawal.
Mathematically, compound interest is given by the formula;
\( A = P(1 + \frac{r}{n})^{nt}\)
Where;
A is the future value.
P is the principal or starting amount.
r is annual interest rate.
n is the number of times the interest is compounded in a year.
t is the number of years for the compound interest.
Answer:
its compound interest and interest
Distinguish policies on external competitiveness from policies on internal alignment. Why is external competitiveness so important? What factors shape an organization's external competitiveness?
Answer:
The answer is given in detailed below along with headings separated for each part of the question
Explanation:
External Competitiveness and Internal Alignment
The comparisons with competitors with regard to the income received, some of which offer even high salaries in order to get the best individuals to work for them refer to as external competitiveness. While in the case of Internal alignment the comparison is done on the individuals job or skill level with each others and with the organisations objectives.
Importance of External Competitiveness
This is important depending on the goal of the organisations such that they provide attractive pay packages to retain their employees while ensuring that the labour cost is controlled so that it's products/services prices remain competitive in the market.
Factors shaping the organisations external competitiveness
The factors affecting the external competitiveness are as given below:
(1) Customs specific to both the organisations and its employees.
(2) Labour Market Competition
(3) The Competition in the market of product/service
These factors combined affect the level of pay an employee receives within an organisation.
fill in the blank. ___ is the management process of evaluating the results of business operations against the plan and making adjustments to keep the company pressing toward its goals.
Controlling is the management process of comparing the actual performance of business operations to the plan and making changes as necessary to keep the organization moving forward and toward its objectives.
What does controlling mean in the management process?Parts of the controlling process in corporate management include planning, monitoring, and enhancing operations while managing cost control. Changes in the supply chain, customer demand, and other aspects that affect a business' ability to survive can all be negotiated by a business via a controlling process.
What part does management play in regulating?One of a manager's most important duties is controlling. Making sure that duties are carried out within an organization in line with the plans is what this includes. Furthermore, it ensures that resources are being used effectively and efficiently to achieve set goals.
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