The determination of the number of man-hours that are needed to meet production goals by the management involves an informational role.
<h3>What is management?</h3>
It should be noted that management simply means the process of controlling people to achieve a goal.
In this case, the determination of the number of man-hours that are needed to meet production goals involves ana informational role.
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Answer:
Yes is a market-oriented mission statement.
Explanation:
Small businesses solve problems and offer solutions for a customer's needs. A market-oriented mission statement defines a purpose that focuses on satisfying a customer's needs. The purpose of a market-oriented mission should match current market data and environments
Answer: E. Martin likes to provide the guidance and support needed by employees and ties meaningful rewards to accomplishment of objectives.
Explanation: Path-goal model of leadership is said to be a theory based on a specify leader behavior that best suit his employees and the work environment that would help achieved set goals. The main aim of path-goal model of leadership is to increase employees morale, motivate and empower them.
Martin is following this model to provide the needed guidance and support the employee working under him requires.
Answer:
For the business to make profits
Explanation:
Marginals revenue is the additional income realized from the sale of an extra unit. It is the revenue that a firm will gain by selling one more unit of a product or service.
Marginal cost is the expense incurred in the production of one more unit of a product. A business compares marginal revenue to marginal cost to decide if it will cease or continue with production and selling activities.
For a business to continue selling and make profits, marginal revenue must be greater than the marginal cost. In other words, the revenue realized by selling one extra unit must exceed the cost of producing that item. Selling one more unit when the marginal cost is more than the marginal revenue will result in a loss.
If the marginal revenue from a computer is $40 and the marginal cost is $50, selling on extra computer results in a loss of $10. But if the marginal revenue from the same computer is $60, the sale on one more unit will be a gain of $10.
