Explain the control process that Massmart’s management need to use to ensure that resources are meaningfully deployed so that the mission and objectives of the organisation can be achieved.
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Explain the control process that Massmart’s management need to use to ensure that resources are
meaningfully deployed so that the mission and objectives of the organisation can be achieved.
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- Some of the major decisions management must take concern the behavior of sales, costs and profits under varying conditions. For effective planning and control it is important that management should be aware of any relationship which exists between sales, costs and profits for changing levels of activity. Management makes use of the information provided by the accounting system to plan and control future operations. The information, to be meaningful, must be provided and presented in such a way that it will appeal to management. Break even analysis and Cost-Volume- profit-Analysis are some of the ways in which information concerning sales, costs and profits relationship is presented to management in a clear and appealing form Required: a). Discuss how break even analysis can aid management in decision making b). Discuss the practical difficulties associated with the…All of the following are functions of management except Select one: a. Controlling b. Leading c. Financing d. PlanningE-Government Implementation has several phases, except: Select one: a. Execution b. Social health care c. Planning d. Control
- Opportunities and threats are: a) dealt with primarily in a firm's operational planning process. () b) factors that are external to the firm but can still affect its performance. ( c) factors that are internal to the furm and those over which the fum has a great deal of control d) identified as part of the fum's tactical planning process1. How does Management Science help to achieve optimal solutions? 2. How does management science help a business achieve the ideal situation? 3. Briefly discuss the application of Management Science to inventory management.Why is it good practice to standardize business practices? SELECT ALL THAT APPLY A) Policies can be enforced B) Results are more consistent C) Risks from errors can be reduced
- Describe the key components of a system management framework and their respective functions.Opportunities and threats are: a) identified as part of the firm's tactical planning process. b) factors that are external to the firm but can still affect its performance. C) factors that are internal to the firm and those over which the firm has a great deal of control. d) dealt with primarily in a firm's operational planning process.Enterprise resource planning (ERP) represents: Select one: O a. The system that integrates only financial aspects of business activities. O b. The system that integrates financialespects of a company's operations with its traditional AIS. O C. The system that integrates only non-financial aspects of business activities. O d. The system that integrates financial data with non-financial operating data.
- From the statment below respond why she made the right decision at the time? I remember when Covid first started making its way around the United States. We had a protocol in place at work that if any of our co workers or clients ( or anyone in the household) tested positive that the people involved would have to quarantine then test negative to come back to the clinic. Also the owners would send out an email letting us know that someone tested positive so that if we had contact with that person but were not told prier, that we would be able to follow the above stated steps. The owner of our clinic was not informing us of anything and we were finding out about positive cases in our office just by talking with one another. I was going to meet with my boss solo and have a conversation stating that i was uncomfortable with the situation she has put me in. However i found that there were many others that were going to approach her as a group in a meeting requested by the staff. Since the…How does Enron’s management planning practices interfere with or prohibit the organization’s ability to optimally function. You could consider using the fundamental principles of management in your explanation.John Ozment, director of special projects and analysis for Ozment’s Corporation, is responsible for preparing corporate financial analyses and monthly statements and reviewing and presenting the economic impacts of proposed strategies to upper management. Data for such financial analyses are obtained from operations and financial databases through direct queries of Ozment’s department staff. Reports and charts for presentations are then prepared by hand and typed. Multiple copies are prepared and distributed to various users. The pressure on Ozment’s group has intensified as demand for more and more current information increases. A solution to this reporting problem must be found.The systems department wants to develop a proprietary software package to produce the reports automatically. The project would require the company to make a considerable programming investment. Ozment is concerned about the accuracy, completeness, and currency of data isautomatically produced reports. He has…