Economists make assumptions while making judgments to better understand how customers' and firms' behavior.
There are several economic theories that help to explain how economies function and how to maximize growth, income, and employment.
But many ideas revolve around preferences—that is, what businesses and customers like to have or prefer to avoid. Furthermore, assumptions frequently relate to the resources that can be used to satisfy preferences and wants. The availability or lack of resources has a profound impact on the choices that people who participate in an economy make. In order to create models that they can control, economists construct assumptions because they are unable to do so in the real world.
To learn More about Economics from the given link.
https://brainly.com/question/17996535
#SPJ4
According to management scholar gary hamel, companies like apple have succeeded because their spirit of _____ has allowed them to reinvent the basis of competition within an existing industry.
According to management scholar Gary Hamel, companies like apple have succeeded because their spirit of strategy innovation has allowed them to reinvent the basis of competition within an existing industry.
Every company in running its business has a different strategy when facing various situations, conditions and markets. This is based on the fact that each company has different capabilities from one another. This company strategy is the main key going forward so that the company can survive and develop. Corporate strategy is a step taken by the company to support its production activities so as to generate profits.
Five reasons why companies need a business strategy:
Planning StageIdentify Strengths & WeaknessesEfficiency & effectivenessCompetitive advantageControlExamples of corporate strategies that are often used today.
GrowthCreating new marketsBusiness acquisitionProduct differentiationPrice gameYou can learn more about strategy innovation here
#SPJ4
amancio is going into his fourth year of school when he is offered a prestigious position at a software company. instead of applying the opportunity cost principle to see if he should quit school and take the job, he decides to stay in school, because he has already spent so much time and money on furthering his education. amancio's hasty decision has been negatively affected by:
Amancio is going into his fourth year of school when he is offered a prestigious position at a software company. instead of applying the opportunity cost principle to see if he should quit school and take the job, he decides to stay in school, because he has already spent so much time and money on furthering his education. Amancio's hasty decision has been negatively affected by: sunk costs.
The relevant costs are the chance cost of taking the work (forgone earnings from your current job) and other stuff you could have finished with the money you wish to obtain in graduate school. Scarcity refers to the condition of insufficiency where masses are incapable of fulfilling their wants during a sufficient manner. In other words, it's a situation of fewer resources compared to unlimited human wants.
Gathering information is the most vital because information is crucial to the shaping of a consensus on a choice. Without gathering more information once software company the alternatives are made, the choice making process will grind to a halt. The "invisible hand" is the price mechanism that guides our actions within the market.
This statement matches the definition of the invisible hand within the text. Social and political forces affect the way software company within which the invisible hand works. Consumers have greater access to information. Container ships can transport a variety of goods directly. Societies can house scarcity by increasing supply.
The more goods and services available to any or all, the less scarcity there'll be. Of course, increasing supply comes with limitations, like production capacity, land available to be used, time, and so on. in a different way to handle scarcity is by reducing wants.
learn more about software company: https://brainly.com/question/1538272
#SPJ4
key indicators of the growing importance of sustainability in managing an organization include .
Key indicators of the growing importance of sustainability in managing an organization include:
Shareholder pressure on corporationsworldwide safety issuesclimate changeThe definition of employer refers to the act of placing matters right into a logical order or the act of taking a green and orderly approach to obligations, or a group of humans who've officially come collectively. When you ease up your desk and document all of your papers into logical spots, this is an instance of organization.
Three styles of groups describe the organizational systems which can be used by maximum organizations today: useful, departmental, and matrix. every of those forms has benefits and drawbacks that owners need to consider before finding out which one to enforce for his or her commercial enterprise.
You may grow your productiveness. By preserving prepared, you may keep time seeking out things and could have more time to paintings on critical tasks. As corporation can improve the glide of conversation between you and your crew, you can additionally make your group greater effective.
Learn more about organizations here https://brainly.com/question/1190099
#SPJ4
other things held constant, the lower a firm's tax rate, the more logical it is for the firm to use debt. true false
The tax shelter from debt is less valuable as the lower the tax rate. Consider the WACC's debt service costs: rd (1-Tax rate). The cost of debt is not reduced as much when the Tax rate is low as it is when the Tax rate is high. hence, the given statement is False.
What is the tax rate?The tax rate in a tax system is the proportion at which a company or individual is taxed. Statutory, average, marginal, and effective tax rates are just a few of the ways that can be displayed.
Hence, The cost of debt is not reduced as much when the Tax rate is low as it is when the Tax rate is high. hence, the given statement is False.
Learn more about tax rate:
https://brainly.com/question/509359
#SPJ4
with relationship selling the salesperson would spend most of his or her contact time with the prospect talking about the product, hoping to close the sale. true false
The given statement is false. With relationship selling, the salesperson spends most of his or her time attempting to build a problem-solving environment with the customer.
In sales, trade, and economics, a customer is the person who receives an item, service, product, or idea from a seller, vendor, or supplier in exchange for money or another useful consideration. A customer is also referred to as a client, buyer, or purchaser.
A customer is a person or business who receives, uses, or purchases a good or service and has the option of selecting from a variety of products and suppliers. All businesses want to draw clients or customers and convince them to buy the goods they are selling.
Learn more about customers here
https://brainly.com/question/380037
#SPJ4
One of the biggest concerns for farmers is which of the following?
A. The weather
B. Physical labor
C. Hiring labor
Answer:
A
Explanation:
Phiyscal labor can be a concern but not that big cause you can always have more workers and C hiring labor isn't as hard as people seem if you find some one willing it easy esspecialy if its a smalll farm and i belive its A becuase the weather is unpredictable and climat change one day it can be snowiing the next its pouring rain and the upcoming climate change we're facing will i have drastic effects on farms
when a sweatshirt manufacturer states, "we sell it only in gray because that way we can buy plenty of gray fabric and run our plant efficiently," its statement reflects the views that were popular in which era of the evolution of marketing?
The statement "we sell it only in gray because that way we can buy plenty of gray fabric and run our plant efficiently," reflects the views that were popular in which era of the production-oriented evolution of marketing
What was the era of the production-oriented?This era was when the production orientation business dominated the market from the beginning of Capitalism to the mid 1950's. The prior idea was that a good quality product would simply sell itself.
But, this production-oriented approach worked for many organizations during this Era because of strong demand and limited supply of product.
Read more about production-oriented
brainly.com/question/26168922
#SPJ1
Although you have to get ready for a date, you are considering playing one more video game. You will choose to play the game if?
Although you have to get ready for a date, you are considering playing one more video game. You will choose to play one more game if your date says they will be a little late.
When meeting someone for a date, there are some things one needs to be sure of like always being on time, the personal gestures, volunteering to pay the bill if not then asking to split the bill in half. Being a good listener than a good talker and also being aware of your table etiquette, treating the waiter or waitress with respect, complementing your date.
All of these are the key factors that decide whether you are meeting with them again or not because it not the food that they are going to remember, it's your behavior that is going to move ahead.
To know more about table etiquette, refer to the link below
https://brainly.com/question/11336534
#SPJ4
select all of the following that can be obtained during discovery. a. a plaintiff's medical records in a personal injury case b. the e-mails of partners in litigation over dissolution of the partners c. the notes of a plaintiff in a meeting with the plaintiff's lawyer d. the work product of attorneys
b. email correspondence between partners involved in a partnership dissolution lawsuit c. a plaintiff's notes from a meeting with the plaintiff's attorney
what is discovery?
"Discovery" is a critical step that occurs during the pretrial phase of a legal proceeding. Both sides gather and exchange case-related material while conducting discovery in order to get ready for trial.
You can: During discovery:
assemble information; obtain informal witness testimony;
Obtain testimony from witnesses in a deposition;
discover what the opposing side will say;
Evaluate the strength of their argument.
Check the strength of your own argument.
Obtain all the necessary data so that you may submit your case in court.
to know more about discovery
https://brainly.com/question/20319855
#SPJ4
when pietro, a new restaurant owner, is determining which products to offer on his menu, he is involved in the management function of planning. group of answer choices true false
When pietro, a new restaurant owner, is determining which products to offer on his menu, he is involved in the management function of planning.
This statement is true.
Planning means looking ahead and chalking out the future courses of action to be followed. It is a preparatory step of every management . It is a systematic activity which determines the process of when, how and who is going to perform a specific job.
Planning is a detailed programme which is related to future courses of action.
To know more about planning here:
https://brainly.com/question/22590420
#SPJ4
discuss the importance of interoperability between ehrs and other disparate systems and the impact on improving quality and access to care. how can workflow analysis be used to identify issues related to interoperability?
Importance of interoperability
Better workflows, less uncertainty, and data sharing between EHR systems and healthcare stakeholders are all made possible by EHR interoperability.
In the end, an interoperable environment enhances the provision of healthcare by ensuring that the appropriate data are made available to the appropriate people at the appropriate time.
Workflow Analysis :The process of reviewing a company's workflows is called a "workflow analysis," which is typically done to increase operational effectiveness. It reveals potential opportunities for process optimization, such as unnecessary jobs or procedures, ineffective office design, and workflow bottlenecks.
What are three typical levels of interoperability that are important considerations in interoperability testingPhysical compatibility, data exchange interoperability, and data interpretation interoperability are the three standard levels of interoperability that should be taken into account while conducting interoperability testing.
The ability of software, hardware, products, and systems from diverse companies to quickly share information and perform data processing without the involvement of end users is known as interoperability.
Interoperability basically allows different information systems to communicate and comprehend the data that is delivered to them.The three basic kinds are syntactic, structural, and semantic interoperability.
Interoperability results in significant time savings.When a patient is unable to express themselves effectively, health or care professionals might fill in the gaps without contacting GP offices or other organizations.
To know more about interoperability, visit:
https://brainly.com/question/28329683
#SPJ4
paul savage purchased a restaurant named burger haven from larry jones. how many entities are described in this example
The acquisition would result in the same number of reporting organizations as previously, including Larry Jones and Burger Haven. Currently Paul (3 entities): Burger Haven, Larry, and Paul (three entities) remained the same.
To carry out company operations, a business entity is created. Discover the various varieties and how to select one. A business entity is, in the simplest words, a group of people who come together to conduct trade, conduct business, or participate in similar activities. There are many different types of business entities, including sole proprietorships, partnerships, LLCs, corporations, etc. The type of business entity determines both the organizational structure and the tax treatment of the company. Choosing your company's structure, or selecting a business entity type, should be one of your first priorities when beginning a firm. This choice will have significant financial and legal repercussions for your company.
To learn more about Business entity here
https://brainly.com/question/11379819
#SPJ4
consider the following information: total current assets $78,632 deferred income taxes $3,210 inventories $9,823 prepaid expenses $1,050 other assets $3,890 total current liabilities $32,043 what is the quick ratio?
The Quick ratio of the firm equals to 2.76.
What is quick ratio?Its measures the firm capacity to pay its current liabilities without needing to sell its inventory or obtain additional financing. In an organization, the Quick ratio is important because its communicates how well a company will be able to pay its short-term debts using only the most liquid of assets. It also signals to internal management and external investors whether the company will run out of cash.
Quick ratio = Current assets / Current liability
Quick ratio = ($78,632 + $9,823) / $32,043
Quick ratio = 2.76050932
Therefore, the Quick ratio of the firm equals to 2.76.
Read more about Quick ratio
brainly.com/question/14787439
#SPJ1
which area in exhibit 9-17 represents deadweight loss under monopoly with perfect price discrimination? there is no deadweight loss
The place is famous 9-17 represents deadweight loss under monopoly with perfect price discrimination: there's no customer surplus.
Price discrimination is a microeconomic pricing approach in which identical or largely similar goods or offerings are bought at unique expenses via the same provider in distinct markets. charge discrimination is outstanding from product differentiation by using the greater substantial distinction in production price for the in another way priced merchandise concerned inside the latter method.[3] charge differentiation basically is based on the variation within the customers' willingness to pay and the elasticity of their call.
Price discrimination is a promoting method that fees clients different fees for an identical product or service based totally on what the seller thinks they could get the consumer to conform to. In pure price discrimination, the vendor costs each client the maximum rate they'll pay.
Learn more about Price discrimination here: https://brainly.com/question/23342760
#SPJ4
ira deductions and payments to self-employed sep, simple, keogh, and other qualified plans from irs form 1040 schedule 1-total of lines 15 19.
IRA deductions and payments to self-employed SEP, SIMPLE, Keogh, and other eligible plans from IRS Form 1040 Schedule 1 - total of lines 15 + 19.
Student's 2020 Untaxed IncomePayments to tax-deferred pension and retirement savings programs (paid directly or withheld from revenues), including, but not limited to, amounts noted on the W-2 forms in Boxes 12a via 12d, codes D, F, G E,, H, and S. Child support is obtained for any of your offspring. Don't include foster care or adoption expenses.Tax-exempt interest payment from IRS Form 1040–line 2.Untaxed amounts of IRA distributions from IRS Document 1040–lines (lines 4a + 5a) minus (lines 4b + 5b).To learn more about IRA deductions visit the link
https://brainly.com/question/9969005
#SPJ4
business processes are static, routine, daily business processes such as stocking inventory, checking out customers, or daily opening and closing processes.
Static, routine, everyday business processes along with stocking stock, sorting out customers, or everyday establishing and final approaches. tries to understand and degree the modern-day procedure and make overall performance enhancements for that reason.
Operational commercial business processes. static, ordinary, daily. automation. System of computerizing guide tasks, making the more efficient/effective and dramatically lowering operational costs.
Operational strategies (core commercial business tactics) are people who convey direct costs to customers and the corporation itself. They are the tactics that immediately create sales. Examples include product production, order to-cash process, and delivering merchandise to customers.
Learn more about business here: https://brainly.com/question/24448358
#SPJ4
the justification for reporting assets at historical cost on the balance sheet is that historical cost is: verifiable and objective. considered more useful to most decision makers than current cost. more relevant than fair value.
The problem is a true statement. As Assets should be valued at their historical cost to avoid overstating their value when they may appreciate due to erratic market conditions.
What is historical cost?
The initial nominal monetary worth of an economic item is its historical cost in accounting terms. Using historical cost accounting, assets and liabilities are reported at their original costs without being adjusted for inflation.
Therefore,
the justification for reporting assets at historical cost on the balance sheet is that historical cost is: verifiable and objective. considered more useful to most decision makers than current cost. more relevant than fair value.
The problem is a true statement. As Assets should be valued at their historical cost to avoid overstating their value when they may appreciate due to erratic market conditions.
To learn more about historical cost from the given link:
https://brainly.com/question/17212027
#SPJ4
one advantage of an unrelated diversification strategy in a developed economy is that competitors cannot easily imitate the financial economies whereas they can easily replicate the value gained through the use of a related diversification strategy.
This statement is false, One advantage of an unrelated diversification strategy in a developed economy is that competitors cannot easily imitate the financial economies whereas they can easily replicate the value gained through the use of a related diversification strategy.
Diversification strategy is carried out while organizations want to develop. it's miles the exercise of introducing a new product into your supply chain a good way to boom profits. these merchandise might be a brand new section of the enterprise your enterprise already occupies, known as enterprise-level diversification.
What is the diversification in marketing?
With the aid of definition. Diversification is a danger-reduction strategy that involves including product, offerings, location, clients and markets on your commercial enterprise's portfolio. This spotlight shines light on key considerations for organizations interested by developing operations to global markets.
Why is diversification method vital?
The diversification method enables agencies to discover capability markets they can tap into or new products they might release to increase their sales and sales.
how many varieties of diversification techniques are there?
There are three kinds of diversification: concentric, horizontal, and conglomerate.
Learn more about diversification strategy here :- https://brainly.com/question/417234
#SPJ4
from a business perspective, an information system provides a solution to a problem or challenge facing a firm and represents a combination of people, organization, and technology elements.
The organization dimension of information systems consists of The organization's hierarchy, functional specialties, business processes, culture, and political interest groups
How does Modern Business influence Information Systems?
Businesses that can develop new approaches and cutting-edge techniques can survive the market and continue to operate in line with client requests, given the ongoing change and development of customer preferences and requirements. Businesses may gain a lot from the adoption of information systems, which also aid in regulating both internal and external activities.
The advantages of an information system are as follows:
Fresh Goods and ServicesAny company that wants to grow and have a solid handle on the future must have a Business Information System.
Information RetentionAll businesses should keep a record of their actions in order to identify issues and, ultimately, find solutions.
Complete question -
From a business perspective, an information system provides a solution to a problem or challenge facing a firm and represents a combination of people, organization, and technology elements.
The organization dimension of information systems consists of __________.
To learn more about business from given link
https://brainly.com/question/24448358
#SPJ4
a firm with a production orientation assumes that if you have a great product, customers will come to you.
While a sales orientation focuses on boosting a firm's earnings through aggressive advertising, a production orientation emphasizes a company's internal strengths.
What is advertising?An aggressively commercial, impersonal message is used in advertising to sell or promote a product, service, or idea. Advertising is frequently sponsored by businesses who want to promote their products or services. Because the message in advertising is supported and managed by the advertiser, public relations and advertising are separate from one another. It differs from personal selling since the message is non-personal, or not directed at a particular person.
Commercial advertising typically aims to increase consumption of their products or services by "branding," which associates a product name or image with certain features in consumers' thoughts.
To learn more about advertising from the given link:
brainly.com/question/3163475
#SPJ4
all of the following are common tools used in industry to analyze and develop competitive advantages, except .
Competitive analysis model is not a common tool used in the industry to analyze and develop competitive advantages.
Value chain analysis, the five forces model and three generic strategies are common tools used in the industry to analyze and develop competitive strategies among companies. However, the competitive analysis model is not used to analyze and create a competitive advantage.
A competitive analysis model is a tool or model that marketing experts can use to compare their marketing strategy or business plan to the plans or strategies of their competitors. This model can generate a visual framework for competitive marketing analysis.
To learn more about the competitive analysis model: brainly.com/question/18685357
#SPJ4
company is interested in developing a quarterly aggregate production plan but they are not sure if a level strategy with backorders or a chase strategy would be better. they have the following information available regarding their production operation: hiring workers $40 per unit layoff workers $80 per unit inventory holding cost $40 per unit per quarter stockout cost for backorders $150 per unit production (labor) cost $30 per unit subcontracting cost $60 per unit previous quarter's production 1300 units beginning inventoy 0 units quarter forecasts are 2000, 6000, 4000, 5000, respectively. this problem has 5 questions. suppose that you want to use a level plan with backorders (one that produces at the average demand over the four quarters). answer the next two questions using this plan. do not round your intermediate calculations. round your final answer to the nearest whole number
A. if demand in this month greater than the previous month Hiring = This month production - previous month production Layoff = 0
B. .If the demand of this month less than that of previous month hiring = 0 Layoff = Previous month production - this month production.
How do production operations function?The definition of production operations management Production operations management is the process of converting the resources of an organization into products and services. The processes involved in producing products are covered by production management. Production and service delivery are two topics that fall under the purview of operations management.
According to the given information:Demand Production Hire fire
0 1300 - -
1 4000 4000 2700 = (4000-1300) 0
2 2000 2000 2000 = (4000-2000) 0
3 4000 4000 2000 = (4000-2000) 0
4 5000 5000 1000 = (5000-4000) 0
Firing cost for quarter 2 = 2000 * $80 = $160000
A. if demand in this month greater than the previous month Hiring = This month production - previous month production Layoff = 0
B. .If the demand of this month less than that of previous month hiring = 0 Layoff = Previous month production - this month production.
To know more about production operations visit:
https://brainly.com/question/12593033
#SPJ4
eric patterson earns $80,000 a year. his monthly expenses total $4,500. what is the minimum amount of money that he should set aside in an emergency fund?
Eric Patterson should set aside minimum amount of money in an emergency fund will be $4,500 * 3 i.e., $13,500.
What's in an emergency fund?
An emergency fund is a coins reserve it is mainly set aside for unplanned expenses or economic emergencies. Some commonplace examples encompass vehicle repairs, domestic repairs, clinical bills, or a lack of earnings.
What's an emergency fund for?
As easy as the answer seems, it's far essential to ensure that you could distinguish among what is an emergency and what is not. An emergency fund is an unexpected invoice that you can not pay—no longer cash to visit a movie or for some different nonessential expense.
How tons money need to be stored in an emergency fund?
Whilst the size of your emergency fund will range relying to your way of life, month-to-month fees, income, and dependents, the rule of thumb is to position away at the least three to 6 months' well worth of fees.
Learn more about emergency fund here:- https://brainly.com/question/13420184
#SPJ4
Which feature starts with a desired result, then calculates the input value that will give that result?.
Goal seek starts with a desired result, then calculates the input value that will give that result.
When you create a formula or function in Excel, you combine several parts to calculate a result. Goal Seek works in the opposite direction: it allows you to begin with the desired result and then calculates the input value that will produce that result. We'll demonstrate how to use Goal Seek with a few examples.
Other types of what-if analysis to consider for more advanced projects include scenarios and data tables. Other options, unlike Goal Seek, allow you to test multiple values and see how the results change rather than starting from the desired result and working backward.
To learn more about goal seek: brainly.com/question/21696664
#SPJ4
it is more effective and efficient to find your employees doing something wrong than to find them doing something right in the workplace.
The first-class way to offer surroundings conducive to effective motivation is to set up an agreement with and respect together with your employees. it is extra effective and green to discover your employees doing something wrong than to discover them doing something proper in the workplace.
An employee is a person who receives paid for paintings for someone or an employer. people do not want paint full time to be taken into consideration by employees—they absolutely want to be paid to work by an employer (the person or enterprise that pays them).
An instance of an employee is an individual who's employed via McDonald's and is paid a positive amount of money for every hour worked. a person who works in the carrier of another (the company) difficulty to a contract for lease, where the agency controls the situations of labor performance. You furthermore may want to price your employees the way you price your clients due to the fact they have the maximum powerful power to carry into your organization. if you trust and fee your personnel, they'll be more committed to serving customers properly and serve the company in the long run in a splendid manner.
Learn more about employees here:
https://brainly.com/question/1190099
#SPJ4
a network of manufacturers and service providers that work together to convert and move goods from the raw materials stage through to the end user is the definition of.
a network of manufacturers and service providers that work together to convert and move goods from the raw materials stage through to the end user is the definition of a supply chain.
A supply chain includes all the steps necessary to deliver a finished product or service to a customer. This step may include sourcing raw materials, transportation to production, and transportation to distribution centers or retail outlets where the finished product can be shipped to consumers.
The supply chain is the network of all the people, organizations, resources, activities, and technologies involved in making and selling products. The supply chain includes everything from the delivery of raw materials from suppliers to manufacturers to final delivery to the end user.
Learn more about raw materials at
https://brainly.com/question/511243
#SPJ4
what is the total monthly rent roll of a building with the following rents: (10) 2 bedrooms at $4,200/month (5) 1 bedroom at $3,200/month (4) studios at $2,100/month
The monthly rent roll of a building will be:
(10 * $4,200) + (5 * $3,200) + (4 * $2,100)
= $42,000 + $16,000 + $8,400
= $66,400
Why are they called buildings?
It is now called building because the English ``ing'' is added to certain verbs to make them nouns. Add "ing" to the verb "built" to make thing a noun (a building). Em: Is building a noun and a verb when built?
Definition of building is the process of building a structure or structure. An example of a building is a school. An act, process, technique, or profession of architecture. Something built with walls and a roof, like a house or a factory. structure.
Learn more about building here :- https://brainly.com/question/26726050
#SPJ4
what are value propositions, why are they important, and what makes a great one? how should lyft take into account the feedback from potential customers?
A value proposition enables a business to guarantee that customers will switch from the product of a rival to that of the business by promising, providing, and delivering a value. In the instance of Lyft, the company's core value proposition was that it would offer passengers secure transportation services with the fewest possible steps and reasonable pricing. This made it possible for their customers to book rides through their smartphone application with only one swipe, making it simpler than looking for and hailing a traditional taxi. Additionally, it typically costs less than a standard cab rate.
What is a value proposition?A value proposition is a brief explanation of why a client might select your good or service. It conveys the most obvious advantage that clients get from doing business with you. Every value proposition should address a customer's dilemma and present your business as the solution provider.
A strong value proposition may emphasize how you distinguish yourself from rivals, but it should always center on how clients perceive your worth. Similarly, discussions on brand strategy and taglines should be based on a value proposition, but they are distinct from one another.
To learn more about the, value proposition visit:
https://brainly.com/question/19488489
#SPJ4
for a fee, isabella can open a pizza hut restaurant in her hometown of sicily. the parent company has agreed that she can use the company name and it will also provide her with marketing and operational support. isabella is in the process of .
Pizza Hut has developed a reputation for excellence over the past 40 years that has gained the respect of both customers and industry insiders.
It has taken constant innovation, dedication to quality, commitment to value, and commitment to customer service to become a premier pizza company. Through more than four decades of success, Pizza Hut's business has been distinguished by entrepreneurship, expansion, and leadership.
Pizza Hut anticipates further success in the future thanks to the strength of its legacy, culture, employees, and franchisees. Each organization has its own set of goals. Different targets are defined in order to reach these goals. Depending on the type of business, targets move down the hierarchy. management chooses a variety of techniques to accomplish the goals.
To learn More about Pizza Hut from the given link.
https://brainly.com/question/21069028
#SPJ4
the most appropriate certifications for accountants working outside of public accounting include .
The most appropriate certifications for accountants working outside of public accounting include certified management accountants.
Why is management accounting important?The information required by management to control the firm effectively and efficiently is provided by management accounting. To combine various bits of information, management accounting was created, ensuring that decision-making is quick, easy, and efficient.
Public companies, commercial companies, and governmental organizations use management accountants. They are responsible for keeping track of financial data, processing it, selecting and managing investments for the company, managing risks, budgeting, planning, strategizing, and making decisions.
Thus, A bachelor's degree or equivalent professional certification, along with two years of work experience in management accounting or financial management, are requirements for CMA certification. Candidates for CMA must also pass a two-part test.
Learn more about Management Accounting here:
https://brainly.com/question/21597572
#SPJ4