Henry fayol identified five functions of management: planning, organizing, commanding, coordinating, and controlling. these are similar to the traditional four functions of management: Planning, organizing, leading and controlling.
Planning, organizing, leading and controlling
Planning, organizing, leading and controlling are important function of management as they are vital for companies or organization that want to run their organization smoothly.
Planning enables companies to plan on how to achieve their set goals and objective.
Therefore Planning, organizing, leading and controlling are similar to the traditional four functions of management
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What factors in the microenvironment of the coffee company might need attention as esther considers expansion of the business?
Esther will have to consider staffing in order to get the attention while expanding his coffee company's microenvironment.
What is staffing?The process of hiring the ideal candidate with the necessary skills or expertise to fill a position or role is known as staffing. Organizations can hire, use, and retain a staff that is both sufficient in size and high quality to improve the effectiveness of the company. In management, staffing is the process of hiring new employees and assessing their knowledge and skills before assigning them to specific job responsibilities in accordance.
A staffing model is a set of data that tracks job activities, the number of labor hours required, and how much time is spent by employees.
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May a broker subtract desk expenses from an independent contractor's commission check?
Sales representatives and brokers should work under a signed labor agreement that may or may not permit broker deductions.
How Do Brokers Work?
A broker is a person or business that stands between a potential investor and a securities exchange. Individual traders and investors require the services of exchange members since securities exchanges only accept orders from people or companies who are members of that exchange.
Brokers offer that service and are paid in a variety of methods, including commissions, fees, or payments from the exchange itself. To assist investors in deciding which broker is best for them, Investopedia routinely examines all of the major brokers and keeps a list of the top online brokers and trading platforms.
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Standby passengers on airlines who pay low rates for seats benefit from the low price. how are the airlines affected?
Standby passengers on airlines who spend low rates for seat profit from the low price. The airlines profit as long as the additional revenue from the passengers surpasses the marginal price.
What are the two most significant factors when determining ticket pricing?Seasonality and Destination Order are just two of the factors that influence your overall around the world ticket price. Flexibility is your companion when you're examining for lower fares, but it's also important to embrace spending a little more when essential to build the right trip for you.
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A situation where quantity supplied is greater than quantity demanded is called a?
Market Surplus is situation where quantity supplied is greater than quantity demanded
When there is an excess of supply—that is, when the amount provided exceeds the amount demanded—a market surplus results. Some manufacturers won't be able to sell all of their products in this circumstance. This will encourage them to reduce their pricing in order to increase the allure of their goods. Many businesses reduce their pricing in an effort to remain competitive, which lowers the market price for the product. Customers will increase their amount required in reaction to the decreased price, driving the market it towards an equilibrium price and quantity. The price of the commodity has been under pressure to decline in this circumstance due to an abundance of supply.
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An error understated golden flash company's december 31, 2021, ending inventory by $27,000. what effect will this error have on net income for 2022?
An error understated Golden Flash company would understate the net income of the company for 2022.
What does understate and overstate mean?Understated and overstated are the two errors or terms that describes the inaccuracy in the accounting figures. These terms are mainly used by the accountants when reviewing the financial statements.
Understated error occurs when the amount that is reported on the financial statement is less than it should be. Overstated error occurs when the amount that is reported on the financial statement is more than it should be.
Basically, understated and overstated terms are the accounting terms.
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Price discrimination will occur when a firm can segment its existing and potential customers into different groups based on:________
Price discrimination will occur when a firm can segment its current and potential customers into one-of-a-kind groups based on: their willingness to pay or their different elasticities of call.
Price discrimination is a promoting approach that fees customers exclusive prices for the same service or product primarily based on what the vendor thinks they can get the purchaser to agree to.
Price discrimination is a microeconomic pricing method wherein equal or largely comparable goods or offerings are sold at special fees by the equal company in one-of-a-kind markets.
Organizations use charge discrimination to target customers who can't otherwise find the money for their products, without losing revenue from those clients who can have the funds to pay the complete price.
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Agregate demand decreases and real output fails but the price levelremins the same, which factor would most likely?
Aggregate demand decreases and real output fails but the price level remains the same is because of the efficiency level.
How Does Aggregate Demand Affect Price Level?The primary factor influencing supply and demand in the economy is the cost of goods and services. But the opposite is also true: shifts in supply and demand have an effect on how much products and services cost. The relationship between overall price levels and total demand is not always obvious or direct. In contrast, an increase in aggregate demand generally (and under ceteris paribus circumstances) results in an increase in the price level.
When the components of aggregate demand—consumption spending, investment expenditure, government spending, and spending on exports less imports—increase, so does aggregate demand.
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In a multinomial experiment, the probabilities for the various categories must remain?
In a multinomial experiment, the probabilities for the various categories must remain Constant.
What happens in a multinomial experiment?In a multinomial experiment, there ae several factors that need to be present. One of them is that the probabilities of the outcomes witness must be constant.
There must also be n identical trials as well as k possible outcomes for each of these trials with k being more than 2. All the trials should also be independent.
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One factor that allows saudi arabia to successfully use strategic trade protectionism to increase oil revenues is that?
Nations are unable to react by placing limitations on other imports from Saudi Arabia.
What is Strategic Trade?
Strategic commerce refers to the management of certain commodities' export, import, international transit, and transhipment to specific recipients, for specific end-uses/end-users, and under specific conditions. Dual-use drugs and technologies that have both acceptable commercial uses and sensitive uses that could support actions that hurt people or states are those that are listed as subject to UN Security Council Resolution 1540 (2004) and other UN embargoes and penalties. Controlling these commodities requires a balanced strategy; dual-use products, parts, and raw materials must be seen as strategically traded in order to prevent them from moving farther into criminal usages.
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Normally when you buy a sandwich, you also buy a cookie for $2. today when you buy your sandwich, the cookies are $1, and you buy two. this scenario illustrates the?
Normally when you buy a sandwich, you also buy a cookie for $2. today when you buy your sandwich, the cookies are $1, and you buy two. this scenario illustrates the income effect
Illustration means to make something normal or easier to see. Children's books are illustrated with pictures. Examples can illustrate abstract ideas. The word to explain comes from the Latin illustrate. To illustrate normally to show or indicate something clearly. Effective illustrated essay. Use evidence to show and support your points.
Illustrations are visual images that help fiction and non-fiction readers better understand the words in the text. Illustrations can include drawings, diagrams, and images that show parts of something. The medium, or anything in which the illustrations are created, helps convey a tone that fits the story.
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An increase in an equity account (such as common stock) from the beginning of the year to the end of the year will result in a number on the statement of cash flows that is:_________
An increase in an equity account (such as common stock) from the beginning of the year to the end of the year will result in a number on the statement of cash flows that is financing activity.
The cash flow statement's financing activity focuses on how a company obtains capital and returns it to investors via capital markets. Dividend payments, stock repurchases, and proceeds from debt issuance make up the three biggest lines in the cash flow from financing activities statement.
The net amount of financing a business generates during a specific time period is called cash flow from financing activities. Cash Flow from Financing Activities measures the change in cash used for loan repayment, share repurchases, dividend payments, and capital raising (equity and debt).
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The term _____ refers to a business's obligation to maximize its positive impact and minimize its negative impact on society.
The term Social responsibility refers to a business's obligation to
maximize its positive impact and minimize its negative impact on society.
What is the role of social responsibility in Business?Social responsibility means that businesses, in addition to maximizing shareholder value, must act in a manner benefiting society, not just the bottom line. Social responsibility has become increasingly important to investors and consumers who seek investments that not only are profitable but also contribute to the welfare of society and the environment. While critics have traditionally argued that the basic nature of business does not consider society as a stakeholder, younger generations are embracing social responsibility and driving change.Extra keywords for social responsibility:Social responsibility means that besides maximizing shareholder value, businesses should operate in a way that benefits society.Socially responsible companies should adopt policies that promote the well-being of society and the environment while lessening negative impacts on them.Companies can act responsibly in many ways, such as by promoting volunteering, making changes that benefit the environment, engaging in ethical labor practices, and engaging in charitable giving.Consumers are more actively looking to buy goods and services from socially responsible companies, hence impacting their profitability.Critics assert that practicing social responsibility is the opposite of why businesses exist.To learn more about Social responsibility, refer
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Pam purchased video cameras for all of her employees so they can participate in ________.
Pam purchased video cameras for all of her employees so they can participate in videoconferencing
What is Videoconferencing?
A videophone combines a telephone with a video camera and a video display to enable simultaneous video and voice communication. Videotelephony, also known as videoconferencing and video teleconferencing, is the two-way or multipoint receiving and transmission of audio and video signals by individuals in multiple places for real-time communication. Videoconferencing encourages using this technology for group or organisational meetings rather than being used by lone users. Telepresence is a term that can be used to describe both meeting technology, which can go beyond video into robots, and high-quality videotelephony systems, which try to give the impression that distant people are in the same room (such as moving around the room or physically manipulating objects).
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If an ohio law prohibits african americans from opening businesses in a certain area of town, the law will be subject to:_______-
If an Ohio law prohibits African Americans from opening businesses in a certain area of town, the law will be subject to strict scrutiny.
What is Ohio law?The Ohio Administrative Code, Ohio Revised Code, and Ohio Constitution make up Ohio law. The state's top law, which supersedes all others, is the Constitution. The Administrative Code is a collection of administrative rules enacted by state agencies, whereas the Revised Code is the state's codified legislation. Search or browse them all using the tools on this website.
According to Ohio law, the Director of the Legislative Service Commission is responsible for codifying the state's laws and executive orders (R.C. 103.05 and 103.131). Also included is the Uniform Electronic Legal Material Act, R.C. LSC is designated as the official publisher of the Ohio Revised Code and the Ohio Administrative Code in sections 149.21 to 149.27. In accordance with the regulation, LSC's online publishing of the Revised Code.
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True or false: today, technology enables small businesses to reach customers across the globe.
The statement "today, technology enables small businesses to reach customers across the globe." is True
This is further explained below.
What is technology?Generally, Technology is the application of scientific knowledge to the practical purposes of human existence, or as it is commonly stated, to the changing and manipulating of the human environment.
Technology can also be defined as the application of scientific knowledge to the practical purposes of animal existence.
Historically, the term "technology" referred to the application of scientific understanding to the pursuit of various practical goals in human existence.
In conclusion, It is accurate to say that "technology now allows tiny enterprises to contact clients throughout the world."
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The process by which businesses sell to consumers is known as ______ marketing.
a. c2c
b. c2b
c. b2c
d. b2b
The process by which businesses sell to consumers is known as b2c marketing. Option C
This is further explained below.
What is (B2C) Business-to-Consumer?Generally, Direct-to-consumer, also known as business-to-consumer, is a method of conducting business in which products are sold directly to end users, doing away with the need for any wholesalers, retailers, or other types of intermediaries in the distribution chain.
This model of doing business is also known as business-to-consumer.
In conclusion, B2C marketing refers to the method through which firms offer their products directly to end users.
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If you invest $5,123 in a long term venture , you will receive $1,110 forever. Assuming your interest rate is 10% per year, what is the capitalized worth of your investment?
$5927 is the capitalized worth of your investment. Capitalized worth, CW = A/i = -$5123 + ($1110/0.1) = $11,100 - $5123, as a person has invested in long term venture.
What is a long term venture?Venture capital offers long-term, committed equity capital to help unquoted enterprises grow and succeed. An entrepreneur who wishes to start, expand, invest in, buy out, turn around, or resuscitate a business may be able to do so with the help of venture capital.
Investment banks, insurance companies, and pension funds are just a few examples of the institutional and individual investors who contribute money to venture capital funds, a subset of private equity.
Thus, it is $5927.
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High tax rates tend to: _______
a. reduce the amount of money created by the government.
b. discourage entrepreneurship.
c. promote economic development.
d. make a nation's currency tradable
High tax rates tend to b. discourage entrepreneurship. By doing this, people will prefer to be employees rather than business owners. This is because the risk owned by the business owner becomes very large. So we have to protect it by giving lower taxes than an employee.
A tax is a legally required contribution to the state that is owing by a person or an organization; it is coercive in nature and is used to fund the state's needs for the greatest prosperity of its citizens. The regulatory functions include: Taxes can be used to curb inflation. Taxes can be used as a tool to encourage and increase export activities, such as a tax on export of goods. Taxes can provide protection for domestically produced goods, such as VAT.
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The rapid growth of war-torn economies and previously underdeveloped countries, coupled with large-scale economic cooperation and assistance that followed world war ii, led to?
The rapid growth of war-torn economies and previously underdeveloped countries, coupled with large-scale economic cooperation and assistance that followed World War ii, led to the rise of new global marketing opportunities. Thus, option A is correct.
What are economies?Economic refers to the area where the economy is present at the time the commodity is brought to market and sold.
After World War 2 various changes were happening in the economy of a country is there were various losses that would happen with respect to life as well as the financial position of a country.
There was a radius economy that for being developed at a higher rate and many new industries were being found. In the market with the respect to the Global crisis. Therefore, option A is the correct option.
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The question is incomplete, the complete question will be:
The rapid growth of war-torn economies and previously underdeveloped countries, coupled with large-scale economic cooperation and assistance that followed World War II led to:
Question options:
the rise of new global marketing opportunities.
the uneven distribution of economic power.
the dissolution of GATT.
the spread of Communism.
the sharp reduction of the production capacity in the U.S.
Members of the dc real estate commission are limited to how many consecutive terms?
Participants of the dc real property fee: time period limit. A member can't serve for extra than 2 consecutive, full three-12 months phrases until the courtroom makes a special exception.
Consecutive refers to matters that are arranged or show up in sequential order. A criminal who serves a consecutive sentence does time for one conviction after any other.
Consecutive periods of time or events take place one after the other without interruption. The Cup was won for the third consecutive yr via the Toronto Maple Leafs. Synonyms: successive, strolling, following, succeeding extra Synonyms of consecutive.
Consecutive comes from the Latin consecutus, which means "following closely" without a gap. similar to the snowstorms — one typhoon came about each day, lower back to back, for 5 days in a row. Consecutive numbers also observe every difference or boost inside the proper order. as an example, 5, 6, 7, eight, 9, and 10 are consecutive numbers.
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What method must a class implement in order to concatenate an object of the class with a string object?
To String () method must be a class implement in order to concatenate an object of the class with a string object.
The class String Builder has the append() function for concatenation operations. Objects, String Builder, int, char, Char Sequence, boolean, float, and double are just a few of the numerous types of arguments that can be passed to the append() method. In Java, String Builder is the most widely used and efficient method of concatenating strings.
In contrast to String objects, String Builder objects can be altered. These objects are handled internally as character-sequence-containing variable-length arrays.Unless string builders provide an advantage in terms of shorter code , strings should always be utilized.
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How does the garret hardins ground breaking paper apply to environmental risk management?
The groundbreaking article by Garrett Hardin is applicable to environmental risk management in the following ways.
He imagined a pasture that was accessible to everyone, where each herder gained personally from adding animals to the pasture and only shared the delayed costs of overgrazing with his fellow herders.According to Hardin, "the tragedy of the commons returns in problems of pollution in a reverse fashion."Hardin uses the growth of marine fishing as an example. The shibboleth of "freedom of the seas" continues to elicit an immediate response from maritime states.According to Hardin, avoiding the tragedy of the commons would need coercive legislation, but it should be a "mutual compulsion" accepted by the majority of people.To Learn more about Garret Hardin click the links
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Boxes, inc. sells products to end users or to other companies that will sell to end users. boxes, inc. is a ________.
If Boxes, inc. sells products to end users or to other companies that will sell to end users. boxes, inc. is a: A reseller.
Who is a reseller?A reseller can be defined as someone that buy goods or product from a company and then sell the goods to another company or sell the goods to consumer, end or final user.
A reseller tend to engage in this process so as to make profit based on the fact the price the goods was sold to the reseller will not be the same price the reseller will sell to end user.
Therefore If Boxes, inc. sells products to end users or to other companies that will sell to end users. boxes, inc. is a: A reseller.
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If alabama imports 10 bushels of peaches and exports 40 bushels of tomatoes, after trade, alabama will consume _____ bushels of peaches and 35 bushels of tomatoes.
After trade, Alabama will eat 10 bushels of peaches and 35 bushels of tomatoes if it imports 10 bushels of peaches and exports 40 bushels of tomatoes.
According to the graph above, Alabama will have to give up 15 bushels of peaches in order to produce 75 bushels of tomatoes since it will need to use all of its resources. In Alabama, the opportunity cost of growing tomatoes will therefore be 15/75 = 0.2 bushels of peaches.
The graph above also shows that in order to produce 90 bushels of tomatoes, Georgia must use all of its resources, which means that 30 bushels of peaches must be given up. As a result, Georgia's opportunity cost of growing tomatoes will be 30/90 = 0.33 bushels of peaches.
He will focus in tomatoes and produce 75 bushels of tomatoes because Alabama has a lower potential cost for producing tomatoes. He will export tomatoes as a result.
In this instance, Alabama imported 10 bushels of peaches and exported 40 bushels of tomatoes.
As a result, after the trade, he consumed 10 bushels of peaches and 35 bushels of tomatoes, or 75 minus 40.
According to Alabama's Production Possibilities Frontier (PPF), if it can produce 10 bushels of peaches, it can generate a maximum of 25 bushels of tomatoes. As a result, under autarky, it will eat 25 bushels of tomatoes and 10 bushels of peaches (Point A).
As a result of trade, Alabama will receive 10 bushels (35 - 25) of tomatoes.
In contrast to autarky, this Trade permits Alabama to produce 10 bushels of tomatoes.
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During live ammunition turn-in, the customer service clerk completes which form?
During live ammunition turn-in, the customer service clerk completes DA Form 581.
Who is a customer service clerk?A customer service representative is in charge of addressing customer concerns, providing information when asked, and offering excellent customer service. Information exchange, addressing and documenting requests, gathering money, and resolving billing disputes are among the duties of customer service clerks. Furthermore, they make certain that clients receive goods or services on time. A strong ability to listen and communicate is required of job candidates. In addition to being able to multitask, they must have strong customer service abilities. Additionally, they will have an advantage if they possess conflict resolution and problem-solving skills.
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A ___________ organizational design attempts to create an organization that is responsive to the parameters of the contemporary business environment.
A network organizational design attempts to create an organization that is responsive to the parameters of the contemporary business environment.
What is a Business Environment?The definition of a business environment includes the sum or collection of all internal and external factors, including workers, customer needs and expectations, supply and demand, management, clients, suppliers, and owners, as well as government activities, technological innovation, social trends, market trends, economic changes, etc.
Directly or indirectly, these variables have an impact on how a corporation operates and performs its functions. These factors taken together have an impact on the company's climate and condition. The business environment increases the overall performance, growth, and profitability of the business by assisting with opportunity identification, resource exploitation, and planning.
There are many different sorts of business environments, including macro and micro environments.
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Before introducing a new piece of software, star software inc. Conducts benchmark activities to assess how popular the product would be in the marketplace. Which stage of the strategic management process is being used in this situation?.
Assess the current reality stage of the strategic management process is being used in the situation.
Strategic management is the constant planning, monitoring, analysis, and assessment of all requirements a business requires to fulfill its goals and objectives. Organizations will need to regularly evaluate their success methods as a result of changes in the business environment.
Current Reality Assessment, Organizational assessment is done to determine the current state of the organization, what is working, and what may be different in order to achieve the mission of the organization effectively.
SWOT analysis, forecasting, benchmarking, and Porter's industry analysis model are some of the instruments for evaluating the current reality stage.
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Local content regulations provide protection for a domestic producer of parts in much the same way a(n) _____ does, by limiting foreign competition.
Similar to how import quotas support domestic producers of parts by limiting international competition, local content restrictions accomplish the same. Regulations pertaining to local content typically favor producers over consumers, as is the case with all trade rules.
Domestic producers are defined as natural or legal persons based in a participant's territory who create goods in their raw, semi-processed, or finished forms. This definition includes industrial, agricultural, and industrial products. Additionally, the term "domestic producers" in this Agreement refers to domestic producers of comparable or similar items as a whole, or to those whose combined output of those products accounts for a significant share of the overall domestic production of those products.
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In the marketing mix, which element of the four ps communicates value to the consumer?
Promotion is the element of the four p's communicates value to the consumer.
Promotion refers to the communicating value which means communicating product to the consumer so that everybody is aware about the product. it can be done by advertising, after sales service, press reports, incentives .
Marketing mix is defined as set of activities, methods which the company use to promote its product in the market.
4 P's of marketing mix are price , place , product , promotion.
Price refers to the value which is set for the product. it is estimated by cost of production by adding gross margin in it.
Product refers to the item which is being actually sold. product should be unique and satisfactory to the needs of people.
Place refers to the area where the product is being sold. it should be sold at proper place where attraction of buyers is more . it is basically the point of sale.
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May a seller refuse to a pay a commission if a buyer refuses to pay full price for a property?
The listing agreement, which must be duly executed by both the seller and the broker, is a legal contract that specifies compensation. The seller sets the price, not the broker, and the broker does not tell the seller what price to accept.
A broker is a person or business that stands between a potential investor and a securities exchange. Individual traders and investors require the services of exchange members since securities exchanges only accept orders from people or companies who are members of that exchange. Brokers offer that service and are paid in a variety of methods, including commissions, fees, or payments from the exchange itself.
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