Why is management so important, and what is its purpose?

Question:

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Business A Changing World

ISBN: 978-1259179396

10th edition

Authors: O. C. Ferrell, Geoffrey Hirt, Linda Ferrell

See More Books

Question Posted: Jul 10, 2018 11:14 AM

See More Questions

Why is risk management so important for IS projects?
Why is the customer focus of quality management so important in a small firm? Why can be done to ensure that the quality of a small ventures products or services remains high?
Why is operations management so important in this company?
A stock is currently priced at $39.3. Its dividend is expected to grow at a rate of 5.9% per year indefinitely. The stock's required return is 8.4%. The stock's predicted price 7 years from now, P7,...
The average price of a litre of gas in 2011 jumped $0.17 (16 percent) from $1.04 in 2010 to $1.21 in 2011. Let's see whether these changes are reflected in the income statement of Suncor Energy Inc....
Prestige Manufacturing Corporation reports the following items in its 2010 statement of cash flows presented using the direct method. Indicate whether each item is disclosed in the operating...
What is the difference between elastic demand and inelastic demand?
The year-end adjusted trial balance of the Timmons Tool and Die Corporation included the following account balances: retained earnings, $220,000; sales revenue, $850,000; cost of goods sold,...
If the planned sales are 14,600 units, and the beginning of the period is 720 units, and the end of the period is 800 units :The planned output is Select one: O a. 14250 units O b. 14,520 units O c....
Preble Company manufactures one product. Its variable manufacturing overhead is applied to production based on direct labor-hours and its standard cost card per unit is as follows: Direct material: 4...
The given figure represents the graph of an implicit solution G(x, y) = 0 of a differential equation dy/dx = f (x, y). In each case the relation G(x, y) = 0 implicitly defines several solutions of...
Explain why the American Heart Association would need management, even though its goal is not profit-related.
The Research and Development (R&D) division of your firm has developed a new product that could be immediately launched on the market. If so, the probability of success is 60%, in which case profit...
In the exchange lemma for the scheduling problem, we say that the first event to finish a* in a given time period [i,j] is always part of the optimal solution for that same time period. To argue...
4 10 points Company's year-end is December 31. Calculate depreciation for each year of the machine's estimated useful life under each of the following methods: (Do not round intermediate...
3. The walls of an oven are made from steel sheets with insulating board between them of thermal conductivity 0.18 J m-1 s -1 C-1 . If the maximum internal temperature in the oven is 300C and the...
Egyptian Spa produces two different spa products: Relax and Refresh. The company uses three operations to manufacture the products: mixing, blending, and packaging. Because of the materials used,...
Part A At a given instant A has the motion shown in (Figure 1). Determine the acceleration of B at this instant. Express your answer in feet per second squared to three significant figures. Enter...
Justify answer or construction. If the subspace of all solutions of Ax = 0 has a basis consisting of three vectors and if A is a 5 x 7 matrix, what is the rank of A?
3.16. For a system with non-identical service rates (see Sect. 3.5) and a limit of N jobs in the system (Eq. 3.13), obtain an expression for the mean service time per job, E[Ts], as a function of the...
For a business, why are crisis and reputation management and listening to stakeholders important activities?
How can social media be used to segment the market for a firm's products or services and target specific types of customers?
Why do you think companies are shifting their advertising monies from traditional advertising (television and newspapers) to social media (Internet search engines and social media)?
thumbs up if correct A stock paying no dividends is priced at $154. Over the next 3-months you expect the stock torpeither be up 10% or down 10%. The risk-free rate is 1% per annum compounded...
Question 17 2 pts Activities between affiliated entities, such as a company and its management, must be disclosed in the financial statements of a corporation as O significant relationships O segment...
Marchetti Company, a U.S.-based importer of wines and spirits, placed an order with a French supplier for 1,000 cases of wine at a price of 200 euros per case. The total purchase price is 200,000...

Why is management so important, and what is its purpose?

Question:

Step by Step Answer:

Management is the process of coordinating human physical and fina...View the full answer

Business A Changing World

Students also viewed these Business questions