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Why is it important that decision makers in a corporation know the cost function for producing the companies' products?
Decision makers should know a product's cost function if their decisions affect the amount of product produced. To know the cost impact of their decisions, decision makers apply the cost function to each possible volume of production. This is important in many decisions, such as pricing decisions, promotion and advertising decisions, sales staff deployment decisions, and many more decisions that affect the volume of product that the company produces.
What else can I help you with?
Do stockholders receive dividends?
Yes, stockholders may receive dividends, which are payments made by a corporation to its shareholders, typically from profits. However, not all companies pay dividends; some may choose to reinvest profits back into the business for growth. The decision to pay dividends and the amount is determined by the company's board of directors and can vary based on financial performance and strategy.
What is the primary purpose of financial accounting?
Accounting is a system of maintaining records of a companies operations and communicating that information to decision makers.
Which costs is often important in decision making but is omitted from conventional accounting records?
opportunity cost
What is are consistent with recent efforts by companies to reduce costs cut overhead speed up decision making increase flexibility get closer to customers and empower employees?
Wider spans of control are consistent with recent efforts by companies to reduce costs cut overhead speed up decision making increase flexibility get closer to customers and empower employees. Wider spans of control has been the trend of recent years.
What are the responsibilities of the treasurer of a corporation?
The treasurer of a corporation is responsible for managing the organization’s financial assets and liabilities, overseeing cash flow, and ensuring the company has sufficient liquidity to meet its obligations. They also handle investment strategies, manage banking relationships, and ensure compliance with financial regulations. Additionally, the treasurer prepares financial reports and forecasts, providing insights to support strategic decision-making by the executive team and the board of directors. Overall, their role is crucial in safeguarding the corporation's financial health.
Financial decision of household and corporation?
financial ecision of household and corporation
How can a decision maker identify strategic factors in a corporation's external environment?
NbvmjbkjbvHow can a decision-maker identify strategic factors in a corporation’s external international environment?
How can a decision maker identify strategic factors in the corporation's external environment?
NbvmjbkjbvHow can a decision-maker identify strategic factors in a corporation’s external international environment?
How can a decision maker identify strategic factors in a corporation external environment?
NbvmjbkjbvHow can a decision-maker identify strategic factors in a corporation’s external international environment?
What is duty of loyalty?
Prohibits making a decision that benefits the decision-maker at the expense of the corporation.
What is the duty of loyalty?
Prohibits making a decision that benefits the decision-maker at the expense of the corporation.
What are the disadvantage of a corporation?
slowness of the decision-making process
The business decision's of a corporation are made by whom?
A board of directors
Do local companies handle investment management as good as online companies can?
Local companies provide the one on one interaction and guidance that you will not get from online companies. Using the computer, you can do additional research without feeling pressured to make such an important decision, and you can take your time in making this decision. The link below can provide you with more information. pages.stern.nyu.edu/~adamodar/New_Home.../invmg.htm
How has technology improved companies in decision making?
technology has improved companies in decision making because the internet has programs that inform you on information in the making the right decision process
What are some good types of limited liability corporation?
A good limited liability corpaoration would be one that is liscensed and insured. Read all customer reveiws on different companies that you can to help in the decision as this is a relatively new legal service.
What role do cross cultural communication cooperative decision making and collaborative problem solving play in multinational corporation management?
1. What role do cross-cultural communication play in multinational corporation management ? 2. What role do cooperative decision-making play in multinational corporation management ? 3. What role do collaborative problem-solving play in multinational corporation management ?
