What is the process of monitoring operating results and comparing actual results with the expected results?

Answers

Answer 1

Controlling  exists the method of monitoring operating results and comparing actual results with the expected results.

What is meant by Controlling?

Controlling is a management function that aids in obtaining desired results from employees at all organisational levels, including managers and subordinates. The managing function aids in tracking advancement toward corporate objectives, identifies deviations, and suggests necessary remedial action.

Control is a management function that aids in error detection and the implementation of corrective measures. This is done to reduce departure from standards and make that the organization's stated goals are met in the desired way.

Comparing actual performances with anticipated outcomes is controlling's most crucial task. Managers can then better grasp their strengths and areas for improvement as a result. With this knowledge, managers can make the most use of all resources and avoid wasting them.

Hence, Controlling  exists the method of monitoring operating results and comparing actual results with the expected results.

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Related Questions

The maximum fine for driving and drinking an alcoholic beverage is:________
a. $200
b. $50
c. $1,000
d. $500

Answers

The maximum fine for driving and drinking an alcoholic beverage is 1000$
Therefore, the correct option is C. $1000

Alcoholic Beverage Punishments

In addition to $1,000 in fines and a mandatory prison sentence, the maximum punishment for Alcoholic Beverage is imprisonment and license revocation.A misdemeanor charge for a first offence must at the very least include A 90-day license suspension, a 48-hour jail sentence, or an alcohol treatment program.

Alcoholic Beverage
DUI, also referred to as Alcoholic Beverage, is a form of moving violation that happens when a driver is under the influence of alcohol or another dangerous substance. If someone is caught driving after drinking, they may face jail time, fines, or a suspension of their license.

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A $150 petty cash fund has cash of $44 and receipts of $93. the journal entry to replenish the account would include a:_________

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A $150 petty cash fund has cash of $44 and receipts of $93. the journal entry to replenish the account would include a credit to cash over and will be short for $42.

Minimal amounts of cash, typically no more than a few hundred dollars, are stored on the premises of a business or firm to cover small costs and needs. Petty cash is simple to grasp and use, but it is also abuseable, simple to lose track of, and susceptible to theft.

Petty cash is a present asset, yes. Any asset that will bring about financial gain within a year is considered a current asset. Petty cash is the term for the easily available spending money that a business possesses. It is regarded as a current asset because it is capable of delivering an economic benefit as is.

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Windswept, incorporated, has 520 million shares of stock outstanding. its price-earnings ratio for 2021 is 20. what is the market price per share of stock?

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$31.61 has been determined as the market price per share.

There are 570 million shares outstanding in this case. Additionally, the 2010 net income or earnings were $1,201.

The formula for EPS is (Net income - Preferred stock dividends) / the number of outstanding shares.

= ($1,201,000,000 - $0,000,000) / 570,000,000

= $2.11

Additionally, the market price per share divided by earnings per share gives the price-earnings ratio (15)

The market price per share is as a result:

= 15 times the price per share

= 15 x $2.11

= $31.61

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One difference between accounting in the united states and the european union is that the u. S. Follows ________, whereas the european union follows.

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One difference between accounting in the united states and the European union is that the U. S. Follows GAAP, whereas the European union follows IFRS

What is GAAP?

A unified collection of accounting regulations, guidelines, and practices published by the Financial Accounting Standards Board is known as generally accepted accounting principles (GAAP) (FASB). When assembling their financial accounts, American public firms' accountants are required to adhere to GAAP.

GAAP is a system of rules-based standards that is guided by 10 key principles. It frequently contrasts with the International Financial Reporting Standards (IFRS), which are seen as more of a standards-based standard. There have been recent efforts to switch from GAAP reporting to IFRS since IFRS is a more global standard.

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A buyer is purchasing a property for $400,000. His loan-to-value ratio is 80%. The lender also charges a 1% loan origination fee. How much is the loan origination fee?

Answers

The loan origination fee = $3200

Given:

Purchasing price of property = $400,000.

Loan-to-Value Ratio=  80%

Loan-to-Value Ratio= 0.80

Loan-to-Value ratio = (Loan amount)/( Value of property)

0.80 =  (Loan amount)/(400000)

Loan amount= 0.80 x 400000

Loan amount=$ 320,000

Origination fee = 1% of (Loan amount )

=  0.01 x ( 320000)

= $3200

Hence, the loan origination fee = $3200

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The primary source of federal power to regulate business is the:_______
a. commerce clause.
b. privilege and immunities clause.
c. contract clause.
d. supremacy clause.

Answers

The primary source of federal power to regulate business is the: commerce clause

What is commerce clause?

The U.S. Constitution's Article 1, Section 8, Clause 3 is referred to as the Commerce Clause. the authority to "regulate commerce with foreign countries, among the various states, and with India," according to the U.S. Constitution.

Significant and ongoing debate about the distribution of power between the federal government and the states has resulted from Congress's repeated use of the Commerce Clause as justification for exercising legislative authority over state and citizen actions. In the past, the Commerce Clause was seen as both a grant of power to Congress and a limitation on the power of the States to regulate themselves.

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As an example of a trade-off decision faced by an operations manager, more options for customization of a laptop will lead to:___

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An operations manager may have to choose between increasing the customization possibilities for laptops and increasing costs for the business, which is an example of a trade-off decision.

One quality, quantity, or characteristic of a set or design may be lowered or lost in return for gains in other areas, which would be known as a trade-off. In basic English, a tradeoff happens when something improves but something else must worsen.

Simple physics is one of the numerous sources of limitations. For instance, only a certain amount of objects may fit in a space, thus a container that is currently full must be cleared of some items until it can store any more. Vessels may, however, transport a number of little goods.

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Decreasing temperatures will ________ the frequency of collisions between molecules, thereby ________ the reaction rate.

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Decreasing temperatures will Decrease the frequency of collisions between molecules, thereby decreasing the reaction rate.

What is molecules?

A molecule is an object comprised of two or more atoms that are linked together chemically; the precise number of atomic nuclei that make up a molecule is known. One hydrogen atom gets joined to one chlorine atom to form the molecule HCl(g), for instance.

Therefore,

Decreasing temperatures will Decrease the frequency of collisions between molecules, thereby decreasing the reaction rate.

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During the year, a company had $100,000 in revenues, $40,000 in expenses, and paid $3,000 in dividends. these items caused retained earnings to:_________

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During the year, a business had $100,000 in revenues, and $40,000 in expenses, and paid $3000 in dividends. The yield of these items caused total stockholders' equity to grow by 57,000.

100,000-40,000-3000= 57000

How are consolidated retained earnings calculated?

Consolidated retained earnings are calculated by counting two figures: the first is the parent's individual kept earnings and the second is the parent's share in the subsidiary's post-acquisition retained earnings.

Annual net income minus the net difference in retained earnings = dividends paid.

The yield of these items generated total stockholders' equity to increase by 57,000.

100,000-40,000-3000= 57000

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Employers find that many college graduates are not career-ready in ________, skills that employers are looking for.

Answers

Employers find that many college graduates are not career-ready in Critical thinking, written communication, and evaluating information skills that employers are looking for.

What are skills?

Skills  can be described as the  expertise or talent  that is been acquired so that  a job or task can be done .

It should be noted that  Job skills allow  one to  do a particular job , hence Employers find that many college graduates are not career-ready in Critical thinking, written communication, and evaluating information skills that employers are looking for.

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A high water mark is a limiting factor of hedge fund manager compensation. this means that managers can't charge incentive fees ________.

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A high water mark is a limiting factor of hedge fund manager compensation. this means that managers can't charge incentive fees When a fund falls and does not recover to its previous high value.

What Is a High-Water Mark?

The largest peak in value that an investment fund or account has experienced is known as a high-water mark. This phrase is frequently used in relation to performance-based compensation for fund managers. The high-water mark makes that the management is not compensated significantly for subpar performance. Before obtaining a performance bonus from the assets under management, the manager must raise the fund over the high-water level if it loses money over a period of time (AUM).The highest value an investment account or fund has ever attained is referred to as a high-water mark.

A high-water mark is frequently used as a boundary to establish how much a shareholder must pay in performance fees. The intention is to shield investors from having to pay a fee for subpar performance as well as from having to pay a fee repeatedly each time the fund is profitable. With a high-water mark, the investor only pays a charge equal to the money the fund made between the time it was created and when it reached its highest level.

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N addition to industrial and reseller markets, organizational markets include ________ ones.

Answers

Answer: government

Explanation:Organizational buyers include all buyers except ultimate consumers.

While stock index options can be used to play the market as a whole, they are also effective in protecting equity portfolios against falling markets.
a. true
b. false

Answers

The correct answer is true.

The right to trade a certain stock index at a set price by a defined expiration date is offered by a stock index option. You have the choice to purchase or sell an index of stocks, if you have a call option on the index or a put option on the index.

When the market is down, which option should you buy?

When stock market decline worries an investor, they could purchase put options. This is due to the fact that a put, which gives the buyer the right to sell the underlying asset at a fixed price for a specified period of time, will normally appreciate in value when the value of the underlying asset declines.

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______is a type of non-profit that centers on philanthropic goals as well as social well-being.

Answers

A benevolent organisation is a business or non-profit whose main goals are philanthropy and social welfare (e.g. educational, religious or other activities serving the public interest or common good).

A nonprofit organisation (NPO) is one that is motivated by commitment to a particular cause rather than by a desire for financial gain.

A non-profit organisation is a group that was established with the intention of making a profit, and in which no part of the organization's revenue is given to its directors, officials, or members.

This company uses its revenue and profits to further its primary objective, which supports its mission.

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The stage in which product ideas are presented to groups of target consumers physically or symbolically is referred to as ________.

Answers

The stage in which product ideas are presented to groups of target consumers physically or symbolically is referred to as concept testing.

Who are the target consumers?

The person who is most likely to buy your product is your target consumer and it's a subset of the broader target market. A target market is a collection of clients with similar populations who have been chosen as the company's most likely purchasers for its products or services. Identifying the target market is important in the development and implementation of a successful marketing plan for any new product. For instance, if female athletes between the ages of 13 and 25 make up your target market, female athletes between the ages of 13 and 16 might be your ideal target consumer.

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Covering up incidents, abusing sick days, lying to a supervisor, taking credit for a colleague's ideas, and inflating grades on a résumé are examples of

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Covering up accidents, taking advantage of sick days, telling lie to the boss, appropriating a coworker's ideas, and exaggerating grades on a resume are some examples of unethical actions.

A candidate for a job creates a formal document called a résumé that outlines their qualifications for the position. A resume is typically accompanied with a personalized cover letter in which the applicant expresses interest in a certain job or company and highlights crucial details from the CV.

The term "unethical behavior" refers to conduct that deviates from societal norms or is seen negatively by the general public. The exact opposite of unethical activity is ethical behavior. The public accepts ethical behavior because it adheres to the majority of societal standards.

One of the biggest problems in today's society is the prevalence of unethical behavior, which includes lying, cheating, organizational misbehavior, and many other types. Extreme incidents and expensive frauds are frequent, as the media frequently emphasizes.

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Training is a key element for an organization pursuing a commitment based hr strategy. .

Answers

The statement is True.

Training is a key element for an organization pursuing a commitment that is based on hr strategy.

Training is a vital element existing in an organization for the purpose of pursuing a commitment that is based purely on HR strategy. This course will use training for building knowledge, skill as well as attitudes so that employees can work quickly and flexibly as well without waste of time. In order to enhance the transfer of the learning program, training should have developed and delivered by those who are specialized in training.

Training along with development is one of the major functions included in the department of human resource management. It refers to a systematic order of setup where employees are instructed well to proceed further and taught technical knowledge-related matters on behalf of their jobs.

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The given question is incomplete, the correct question is :

Training is a key element for an organization pursuing a commitment-based hr strategy. True or false?

What are some key benefits of soliciting project proposals from stakeholders throughout, and possibly outside, the company?

Answers

Some key benefits of soliciting project proposals from stakeholders throughout, and possibly outside, the company are options A. a request for proposal (RFP) can be used to take a concept and ask an outside company to develop the project and B. good ideas are not just limited to upper management.

What are project proposals?

A project proposal is a written document showcasing all that which stakeholders should know about a project, such as the timeline, budget, purpose, and goals. One's project proposal should give a brief details of the project and interesting such that stakeholders can accept the initiative.

Therefore, the correct answer is as given above

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The complete question goes thus:

what are some key benefits of soliciting project proposals from stakeholders throughout and possible outside the company?

a. a request for proposal (RFP) can be used to take a concept and ask an outside company to develop the project

b. good ideas are not just limited to upper management

c. project management offices and/or portfolio offices are all that are needed

The very first step in developing a social marketing plan involves ______________. group of answer choices

Answers

The very first step in developing a social marketing plan involves understanding the target audience.

How to Create a Social Media Marketing Strategy

Having a strategy is essential for successful social media marketing.

You risk posting on social media just for the sake of posting if you don't have a plan. It will be difficult to succeed on social media if you don't know what your objectives are, who your target audience is, and what they want.

Creating a social media marketing strategy is crucial if you want to advance as a social media marketer or expand the reach of your company on social media.

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What is the shadow economy?

Answers

Shadow economy – definition and meaning

The term "shadow economy" refers to all employment and commercial activity that takes place "below the radar"—economic activity that is not reported and for which taxes ought to be paid.

The shadow economy, also referred to as the informal sector, the black economy, the underground economy, or the gray economy, is made up of both lawful jobs like gardening, working in construction, or selling goods to passing motorists at traffic lights and illegal ones like drug dealing and smuggling.

This sector of the economy also includes circumstances in which people are required to labor for free or as slaves or in which labour is done in return for goods or services other than money.

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The financial statement that is most useful in explaining a company's stock price performance is the:________

Answers

The right answer is for this question is

Income Statement

Property, plant, and equipment and intangible assets are typically classified as _____ assets.

Answers

Property, plant, equipment, and intangible assets are typically classified as Fixed assets.

What are fixed assets?

Fixed assets provide the business with long-term financial gain because of their prolonged useful lives. Fixed assets, often known as capital assets, are identified by the line item Property, Plant, and Equipment on the balance sheet. It is challenging to convert fixed assets into cash.

A company aims to use fixed assets in the long run to generate income."Property, plant, and equipment" is the most common term for fixed assets.A current asset is one that will likely be used or sold for cash within the next year.Noncurrent Assets also comprise intangibles and long-term investments in addition to fixed assets.Intangibles are amortized, whereas fixed assets are subject to depreciation to account for the decrease in value as the assets are utilized.

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Companies progress through the stages of a business-stakeholder relationship in what way?

Answers

Describing the involvement, influence, and areas of interest of each stakeholder in the project. approving the method of engagement to be used. Up until the project is finished, managing the ongoing relationship and making adjustments as necessary.

The method by which you manage your relationships with your stakeholders is known as stakeholder management. It entails methodically locating stakeholders, assessing their requirements and expectations, and organising and carrying out various actions to interact with them.

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Which account beginning with the letter 's' is the target of the attack?

Answers

The account beginning with the letter 's' which is the target of the attack is savings account.

What is a savings account?

A savings account is an account at a retail bank. It has features such as a limited number of withdrawals, a lack of cheque and linked debit card facilities, limited transfer options and the inability to be overdrawn.

Therefore, the account beginning with the letter 's' which is the target of the attack is savings account.

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What organization in 1641 conducted the first fund raising effort documented in the united states, including the first of countless public relations pamphlets and brochures?

Answers

Harvard College in 1641 conducted the first fundraising effort documented in the U.S., includign the first of countless PR pamphlets and brochures.

What is fundraising ?

To be able to carry out their programmes, non-profit making organisations, such as NGOs, foundations, associations, collectives, etc., engage in fundraising, which is the process of obtaining voluntary donations of money or other resources.

The first stage in administering and carrying out an NGO's chosen and anticipated programmes and activities is to raise money. Most often, NGOs are established to raise money for various causes and programmes, for which the organization's founders and members set up, register, and manage the organisation.

You can get additional funding through fundraising, which will help your organization's work and give its members new chances. It may also help a member of your community who requires financial support or your entire community.

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Davis hardware company uses a perpetual inventory system. how should davis record the sale of merchandise, costing $690, and sold on account for $1,100?

Answers

The hardware company gets the amount for accounts receivable and Sales revenue for $1,340 and Cost of goods sold and  Inventory for $810. Thus, option B is correct.

What is inventory?

All the commodities, equipment, and supplies that a company keeps on board in anticipation of reselling these for such a profit are referred to as inventory.

The accounting equation of the following will be:

Accounts receivable    $1,340

Sales revenue                                $1,340

Cost of goods sold        $810

Inventory                                       $810

Therefore, option B is the correct option.

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Sales on account amounted to $80,000. sales returns were $2,000 and sales discounts were $1,000. cost of goods sold amounted to $45,000. based on this information the amount of gross margin was:_________

Answers

In this case the amount of the gross margin will be $32000.

The Formula to calculate Gross Margin is -

Gross Margin=Net Sales−COGS    

where-Net sales = gross sales – returns – allowances – discounts

COGS=Cost of goods sold

As here Sales amount = $80,000

sales returns w = $2,000

sales discounts = $1,000

cost of goods sold amount = $45,000

allowances = 0

Therefore Net sales = gross sales – returns – allowances – discounts

Net sales =$80,000 -$2,000-$1,000

Net sales = $77000

Now to calculate Gross Margin

Gross Margin=Net Sales−COGS  

Gross Margin = $77000-$45,000

Gross Margin =$32000

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Which bones permit the attachment of muscles that assist in arm movement and serve as a place for the attachment of the arms?

Answers

Scapulae permits the attachment of muscles that assist in arm movement and serve as a place for the attachment of the arms

Scapulae

The bone that joins the humerus (upper arm bone) with the clavicle is called the scapula, often known as the shoulder blade (collar bone). The scapulae are paired, with each one on each side of the body being approximately a mirror image of the other. This is similar to how their linked bones are paired.Our scapula is located where in our body?The huge triangular-shaped bone known as the scapula, or shoulder blade, is located in the upper back. An intricate network of muscles surrounds and supports the bone, which helps you move your arm.

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According to the midpoint method, the price elasticity of demand for tomatoes between point x and point y is approximately , which suggests that the demand for tomatoes is between points x and y.

Answers

Between points x and point y, the demand for tomatoes is elastic.

The degree to which demand reacts to a change in an economic component is known as elasticity of demand. The most prevalent economic component considered when calculating elasticity is price. Income level and the accessibility of substitutes are further considerations.

Elasticity gauges how demand changes in response to shifting economic conditions. Demand is said to be inelastic when it is unaffected by price changes.

A good or service's price elasticity of demand is calculated by dividing the percentage change in quantity demanded by the percentage change in price.

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A $150,000 loan has monthly interest-only payments of $1,000. its annual interest rate is:________

Answers

A $150,000 loan has monthly interest-only payments of $1,000. its annual interest rate is 8 percent. Option C

This is further explained below.

What is the annual interest rate?

Generally, The annual cost of borrowing money, including any associated fees, is referred to as the Annual Percentage Rate (APR). This rate is given as a percentage.

In conclusion, The equation for Rate  is  mathematically given as

R= payment / principal,

Where

$1,000 x 12 = $12,000

Therefore

$12,000 / $150,000 principal

Rate = 8%.

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complete question

A $150,000 loan has monthly interest-only payments of $1,000. Its annual interest rate is

3 percent.

6.5 percent.

8 percent.

12.5 percent.

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