The planning function of management is characterized by.

Answers

Answer 1

The planning function of management is characterized by the process of developing a detailed outline of how to achieve the desired goal(s).

Planning is the primary function of management since all other functions (organizing, directing, controlling) are based on planning.According to Henry Fayol, planning includes forecasting the future, setting objectives, developing strategies, and outlining the necessary steps to achieve the objectives. It allows the management to make sound decisions, establish targets, and decide how to use resources effectively.Planning is the most fundamental function of management because it establishes the framework for other functions. It outlines what the organization should do, where it should do it, and how it should do it. As a result, the planning function establishes an overall direction and purpose for the organization, as well as defines the specific goals and objectives that will be achieved in the future.

The planning function of management is an iterative process that involves the following steps: identification of the goals, forecasting, selecting the best alternative, and developing a plan to achieve the goals. A well-planned goal-setting process will save the company money, time and increase profitability.

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Related Questions

Kenny is a college student working a part-time job as a mechanic at a local body shop Kenny earns an average of $25 per hour, working 20 hours per week . Kenny pays his health insurance of $2,200 per year and taxes of $1,000 per year What is his net annual pay? And net monthly pay rounded to the nearest dollar?

Answers

Kenny's net annual pay is $22,800.

Kenny's net monthly pay is $1900.

What is Kenny's net annual pay?

Kenny's net annual pay is her gross pay less any deductions such as insurance and taxes.

Kenny's net annual pay = gross pay - health insurance - taxes

Gross pay = $25 x 20 x 52 = $26,000

Kenny's net annual pay = $26,000 - $2200 - $1000 = $22,800

Kenny's net monthly pay = $22,800 / 12 = $1,900

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Write H if the resource is a human resource, and NH if it is a nonhuman resource. 1.Machines
2.Tools
3.Workers
4.Land
5.Water
6.Capital
7.Labor force
8.Time
9.Entrepreneur
10.Process​

Answers

1.H

2.H

3.NH

4.NH

5.H

6.NH

7.H

8.NH

9.H

10.H

When a salesperson says or does something that creates agency such as giving advice to a customer, giving an opinion to a customer, or negotiating on the customer's behalf the licensee has:

Answers

Answer:

implied agency

Explanation:

The implied agency refer to an agency that is established from the principal and agent conduct. It develops the agency relationship. It is a real agency and a fact to be proved

Therefore as per the given situation since it is mentioned that at the time when the salesperson said or do something that establish the agency so this represent the implied agency

Therefore the same is to be considered

What the person above me said

Explanation:

i just took the asignment.

There will be a lower equilibrium price and quantity if _____.


demand increases and supply increases

demand increases and supply decreases

demand decreases and supply stays the same

none of the above

Answers

It’s going to be option C

Answer:

Its C demand decreases, and supply stays the same.

Explanation:

I took the test and got a 100%

QUESTION 3 / 10 What is the first step you should take when you want to open a savings account? A. Review the different savings account options that your bank offers. B. Make your initial deposit. C. Go to the bank and fill out an application. D. Present your photo ID to the bank representative.​

Answers

Answer:

A. Review the different savings account options that your bank offers.

Chrome,Edge,Safari,and Firefox are all

Chrome,Edge,Safari,and Firefox are all

Answers

Answer:

Web-browsers

Explanation:

Answer:

Search engines

Explanation:

How can a shorter and simpler supply chain reduce economic risks?

Answers

A shorter and simpler supply chain can reduce economic risks in several ways. First, it can help to reduce the likelihood of disruptions or delays in the delivery of goods or services, which can lead to lost sales or increased costs.

This is because shorter supply chains typically involve fewer intermediaries, which can help to minimize the potential for bottlenecks or other issues that can slow down the movement of products.

In addition, a simpler supply chain can also help to reduce the complexity and costs associated with managing and monitoring the various stages of the supply chain.

This can include things like transportation, warehousing, and inventory management, all of which can be streamlined and made more efficient with a shorter and simpler supply chain.

Finally, a shorter and simpler supply chain can also help to improve the transparency and visibility of the supply chain, which can help to reduce the risk of fraud or other types of economic crime.

This is because fewer intermediaries and less complexity can make it easier to track and trace the movement of goods and to identify any issues or discrepancies along the way.

Overall, a shorter and simpler supply chain can help to reduce economic risks by improving efficiency, reducing costs, and enhancing transparency and visibility throughout the supply chain.

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which is a list of pages that will be included in a website?

Answers

Answer:

car max

Explanation:

1. Homepage

The homepage is where all the action happens on your site. It’s the first thing visitors see, and it determines if an individual will browse around or say goodbye.

When crafting your homepage, you must think from the customer’s perspective. From navigation bars to images to copy, you control your visitors’ first impression.

Visitors should clearly understand the objective of your homepage in just a few seconds. You want them to see your logo with a visible call-to-action button.

CarMax implements this strategy flawlessly with simple copy and a self-explanatory header photo. Both new visitors and returning customers get user-friendly directions.

Answer: Homepage. The homepage is where all the action happens on your site. ...
About Page. The About page is an opportunity to elaborate on your brand's vision and accomplishments. ...
Products or Services Page. The products and services page is the crux of most websites. ...
Blog Page. ...
Contact Page.

The next time you need to make a choice, your brain will use what what method?

Answers

Answer:

Imagine you have just flicked a lighter. If you don’t see the flame, you will naturally try a second time. If after the second attempt it does not strike a flame, you will repeat your action again and again until it does. Eventually, you’ll see the flame and you’ll know that your lighter works. But what if it doesn’t? How long are you going to flick the lighter until you decide to give up?

Our everyday life is full of such decision dilemmas and uncertainty. We constantly have to choose between options, whether we make the most ordinary decisions – should I continue flicking this lighter? – or life-changing choices – should I leave this relationship? We can either keep on doing what we are already used to do, or risk unexplored options that could turn out much more valuable.

Some people are naturally inclined to take more chances, while others prefer to hold on to what they know best. Yet being curious and explorative is fundamental for humans and animals to find out how best to harvest resources such as water, food or money. While looking at the Belém Tower – a symbol of Portugal’s great maritime discoveries – from my office window, I often wonder what drives people to explore the unknown and what goes on in their brains when weighing pros and cons for trying something new. To answer these questions, together with Dr. Zachary Mainen and his team of neuroscientists, we investigate how the brain deals with uncertainty when making decisions.

Explanation:

It is well known that the decision-making process results from communication between the prefrontal cortex (working memory) and hippocampus (long-term memory). However, there are other regions of the brain that play essential roles in making decisions, but their exact mechanisms of action still are unknown.

Give five example of economic events in a bakeshop business

Answers

sale of goods, procurement of materials, machinery, and plant. Since each of these transactions has a monetary equivalent,  five example of economic events in a bakeshop business.

What are some other names for economic events?

A transaction is the term used in accounting to describe an economic event. A transaction that is recorded in a company's financial records is referred to as an accounting event. A transaction in accounting is something like noting the depreciation of an asset or paying dividends.

What big event in economics is that?

Thus, the Industrial Revolution stands for the most significant economic event in history, the transition between two very distinct economic systems.

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Which of the following is NOT a capital component when calculating the WACC? options: a. long-term debt b. accounts payable c. preferred stock d. retained earnings

Answers

The correct answer is (b) accounts payable.

When calculating the weighted average cost of capital (WACC), the components considered are the sources of financing that represent the capital structure of a company.
Long-term debt refers to the loans or bonds issued by a company with a maturity of more than one year. It represents borrowed capital and is a part of the company's capital structure.

Preferred stock represents equity ownership in a company, but it has characteristics of both debt and equity. It is considered a capital component because it represents an investment in the company.

Retained earnings, on the other hand, are the accumulated profits that a company has retained rather than distributing as dividends. It is an internal source of financing and also considered a capital component.

Accounts payable, however, refers to the short-term liabilities owed by a company to its suppliers or creditors. It represents the company's outstanding bills or obligations for goods and services received but not yet paid for. Since it does not represent long-term financing or ownership, accounts payable is not considered a capital component when calculating the WACC.

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N Apple bought goods on credit from Pencil Point Ltd. What is the double entry to record this transaction in the accounting records of Pencil Point Ltd? a. Debit N Apple, Credit Sales b. Debit Sales , Credit N Apple c. Debit Purchases, Credit Pencil Point ltd d. Debit Pencil point Ltd, Credit Purchases.

Answers

Answer:

c. Debit Purchases, Credit Pencil Point ltd

Explanation:

The journal entry for purchasing the goods from the Pencil point ltd on credit is given below;

Since the goods are purchased so here purchase account is debited and we credited the pencil point ltd

So, the journal entry is

Purchase Dr XXXX

          To Pencil Point ltd XXXX

(Being goods purchased on credit)

The purchase is debited as it increased the assets and pencil point ltd is credited as it also increased the liability

a free-rider problem occurs when the group of answer choices good is nonexcludable. good is excludable. good is offered at no charge. good is rival.

Answers

A free-rider problem occurs when the good is nonexcludable.

The correct option is, good is nonexcludable.

In a free-rider problem, individuals can benefit from a public good or service without having to contribute to its provision. This occurs when the good is nonexcludable, meaning that it is difficult or impossible to prevent individuals from enjoying its benefits, regardless of whether they contribute to its production or not. Nonexcludability makes it challenging to enforce payment or exclude individuals who do not pay from accessing the good. As a result, some individuals may choose to free-ride, enjoying the benefits without bearing the costs of production.

Examples of nonexcludable goods include clean air, national defense, and public parks. These goods are available to everyone in a community or society, regardless of their contribution towards their provision. The free-rider problem arises when individuals choose not to contribute to the production of these goods, assuming that others will cover the costs.

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If a $10,000 face value bond with coupon rate of 10% maturing in four year is selling for $9,000, then its yield to maturity is approximately 9.5 percent. 13.4 percent. 10.2 percent. 12.0 percent.

Answers

The correct answer is 12.0 percent.

To calculate the yield to maturity (YTM) of a bond, we need to find the interest rate that equates the present value of the bond's cash flows (coupon payments and face value) with its current market price.

In this case, the bond has a face value of $10,000, a coupon rate of 10%, and is selling for $9,000. It matures in four years.

To find the approximate yield to maturity, we can use the trial-and-error method or financial calculators. The approximate yield to maturity for this bond is approximately 12.0 percent.

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What is usually the primary objection to overcome for a buyer? length of closing price contingency dates selected commission split

Answers

The primary objection that buyers often need to overcome is usually related to the price. Buyers may have concerns about whether the property is worth the asking price or if they can negotiate a lower price. Other common objections could be related to the length of the closing process, contingency dates, or the commission split with the real estate agent.

The primary objection that buyers often need to overcome is typically centered around the price of the property. Buyers may have reservations regarding whether the asking price aligns with the perceived value of the property or if they can negotiate a more favorable price. It is common for buyers to seek opportunities for price negotiations to ensure they are getting the best deal possible.

Additionally, buyers may also have concerns about other factors such as the length of the closing process, specific contingency dates, or the commission split with the real estate agent. These additional considerations can impact the buyer's decision-making process and may need to be addressed and resolved to successfully close the deal.

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Why are wages and salaries generally determined by the market for labor?

Answers

According to maximum economics textbooks, our wages and salaries are decided similar to another price: with the aid of using deliver and call for. People deliver their labor, and organizations call for it, growing a marketplace for labor.

Many dealers and shoppers of exertions services. Consequently, salary and salaries are decided by the intersection of the call for exertions and the deliver for exertions. A curve displaying the one-of-a-kind portions of exertions employers are inclined to lease at one-of-a-kind salary quotes in a given time period, ceteris paribus.

Wages are determined via way of means of deliver and demand, however they may be encouraged via way of means of an extensive kind of factors, along with the price of dwelling in a selected area, the presence of a union and the present-day minimal wage.

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What are some of the duties of a person who works in housekeeping services? Check all of the boxes that apply.

creating computer reports

washing linens

providing services to patients

mopping up spills from the floor

Answers

Providing service to patients i think good luck

Answer:

2 4

Explanation:

Which research tool would be most effective when gathering data on how employees feel about carpooling

Answers

Answer: i think the best way would be a poll

                       

Select three ratios that are equivalent to 7:67:67, colon, 6. Choose 3 answers: Choose 3 answers: (Choice A) A 12:1412:1412, colon, 14 (Choice B) B 21:1821:1821, colon, 18 (Choice C) C 42:3642:3642, colon, 36 (Choice D) D 63:5463:5463, colon, 54 (Choice E) E 84:6284:62

Answers

Answer:  B C D are the answers, your welcme! :)

Explanation:

What is improved oven? in your own words.

Answers

Answer:

improved oven means improved cooking


Which of the following is not an example of professional behavior
?

Answers

What are the answers?

An electronics company is trying to decide how many new computers it should produce for export to China. Which factor would most likely cause the company to produce a large number of computers?​

Answers

Answer: the chinese government recently lowered taxes on all foreign imports

Explanation:

just took the test

The factor that would most likely cause the company to produce a large number of computers is Chinese consumers believe that computer prices will rise in the future.

Determinants of supply

The determinants of supply are the factors that affect the supply of a good in an economy. The determinants of supply are technology, number of producers, price of raw material, price of other goods, consumer expectations, and so on.

For a company exporting computers to China, the determinants of supply will be:

1. Number of producers in China

2. Price of material in the home country.

3. Price of Chinese computers.

4. Expectations of Chinese consumers.

If the consumer expects the price of computers in China will rise, the demand for imported goods in China will rise. And the producer will export more goods to China.

Therefore the correct option is, Chinese consumers believe that computer prices will rise in the future.

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1
3. A document that indicated items issued to different people from the
store is called
A store receipt voucher
B store issuing voucher
C. store requisition
D.bin card
E. goods received book

Answers

Answer:

E

Explanation:

What is a “work point”?

Answers

Answer:

A work point is an independent entity whose location is defined in space.

Explanation:

Work points may be placed or projected onto part faces, linear edges, or onto an arc or circle. Work points can be constrained to the center points of arcs, circles, and ellipses.

Disadvantages of choosing a job that is extremely popular or in demand

Answers

The disadvantage of choosing a job that is very popular or a job that is in high demand is that after a while such a job may become saturated or it would become monotonous.

What is a high demand job?

This is the term that is used to refer to a job that the people that wpould employ labor are constantly in need of. Such a job is one that would require the people that have the qualification to opt in and get the places and the roles that they are to fill.

The issues that may arise from such a job that is in high demand is that after a period, such a job may have a lot of persons that would want to fulfil the role.

The number of qualified persons may become more than the job that is available for the people to do in the long run.

Hence this is a disadvantage. Therefore I would conclude by saying that the disadvantage of choosing a highly popular job is that the number of persons that are willing to fulfil the role may exceed the job overtime.

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If you were an elected official who wanted to increase tax revenues, which of the following would you prefer to use: individual income, sales, property, corporate income, user fees, VAT or flat? Provide reasons for your decision.

Answers

Answer:

sales tax

Explanation:

It does not choose discriminatory the more you spend the more you pay, from a moral perspective people would rather pay for what they get rather than what they make and then possibly invest or save. They would not want to pay taxes at least 3 times if it is an investment.

Case Study #1
Dan is a 40 year-old with Spina-Bifida and inability to walk. He uses a wheelchair for mobility. He is unable to transfer from his chair and requires personal assistance for dressing, using the toilet and transferring from his chair. He has attempted to work several times, but has not held jobs due to a number of factors- transportation, time demands for dressing, eating and being transported to work. He currently is in a volunteer job with the sheriff's office doing routine filing and other clerical tasks. He has average intelligence, but lacks confidence due to low self-esteem, which has been reinforced, by his lack of success in employment.
1. Is he eligible for DVR services?
2. Is he eligible for Supported Employment?
3. Develop an outline for an IPE to address Dan's employment related needs.
4. List the extended ongoing support services he will need to maintain employment.

Answers

1. Is he eligible for DVR services?

Yes, Dan is eligible for DVR services. DVR stands for Disability and Rehabilitation Services. It is a federal program that provides employment-related services to people with disabilities. Dan's disability, Spina Bifida, would qualify him for DVR services.

2. Is he eligible for Supported Employment?

Yes, Dan is eligible for Supported Employment. Supported Employment is a type of DVR service that provides ongoing support to people with disabilities who are trying to find and keep jobs. Dan's need for personal assistance and transportation would make him a good candidate for Supported Employment.

3. Develop an outline for an IPE to address Dan's employment related needs.

An IPE is an Individualized Plan for Employment. It is a document that outlines the employment-related goals and services that a person with a disability will receive. An IPE for Dan would include the following:

Goals: The IPE would identify Dan's employment goals, such as finding a job, getting promoted, or starting his own business.

Services: The IPE would list the services that Dan would need to achieve his goals, such as job training, job placement, or transportation assistance.

Timeline: The IPE would set a timeline for achieving Dan's goals.

Evaluation: The IPE would include a plan for evaluating Dan's progress and making adjustments to the plan as needed.

4. List the extended ongoing support services he will need to maintain employment.

The extended ongoing support services that Dan will need to maintain employment include:

Personal assistance: Dan will need personal assistance to help him with dressing, using the toilet, and transferring from his chair.

Transportation: Dan will need transportation to and from work.

Flexible work schedule: Dan may need a flexible work schedule to accommodate his personal assistance needs.

Ongoing training: Dan may need ongoing training to keep his skills up-to-date.

Support from his employer: Dan will need support from his employer to be successful in his job. This may include providing him with a workspace that is accessible to his wheelchair and making sure that his co-workers are aware of his disability.

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Assuming that xyz corporation has annual net sales of $468,000,000 and annual cost of goods sold of $351,000,000, what is the inventory turnover ratio for xyz corporation? a

Answers

The inventory turnover ratio is a financial metric that measures how quickly a company sells its inventory. It is calculated by dividing the cost of goods sold (COGS) by the average inventory value.

To find the inventory turnover ratio for xyz corporation, we need to divide the annual cost of goods sold by the average inventory value. However, the average inventory value is not given in the question. Therefore, we cannot calculate the exact inventory turnover ratio.

1. The inventory turnover ratio is calculated by dividing the cost of goods sold (COGS) by the average inventory value.
2. The COGS for xyz corporation is given as $351,000,000.
3. However, the average inventory value is not provided in the question.
4. Without the average inventory value, we cannot calculate the inventory turnover ratio.
5. Therefore, the inventory turnover ratio for xyz corporation cannot be determined with the given information.

In summary, the inventory turnover ratio for xyz corporation cannot be determined without the average inventory value.

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Hasty Manufacturing orders 86,000 annually. They order 6 times a year. They hold 6,468 units in safety stock. The minimum number of units Hasty Manufacturing holds throughout the year is:__________

Answers

Answer:

6,468 units

Explanation:

Based on the information given we were told that the Manufacturing company orders 86,000 per year which they order 6 times a year which means that if the manufacturing company HOLD 6,468 units in safety stock. The MINIMUM number of units the Manufacturing company will HOLDS throughout the year is:6,468 units which was HOLD in Safety stock.

What causes excess supply and excess demand?

Answers

Excess supply and demand are caused by factors such as inflation or deflation, changes in foreign exchange reserves, population growth (because there were previously fewer people), political instability, and changes in foreign exchange reserves. These factors are collectively referred to as disequilibrium.

Disequilibrium:- A market-based economy is in a state of disequilibrium when the forces of supply and demand are out of balance. When internal or external factors hinder the market from achieving equilibrium, the market eventually becomes out of balance.

In this case, the quantity supplied does not equal the quantity required at the agreed-upon price.

leads to price issues and a loss of economic balance.

Excess supply is a state of disequilibrium that occurs when there is insufficient demand to balance the supply. Oversupply is the opposite.

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