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What is the reason Liquidity of a firm is the essential areas to be considered by the firms finance managers?
Finance managers are worried about only one thing (fundamentally) and that is the bottom line. Did the firm make more than it spent? Liquid assets (cash and account) determine what a firm is capable of doing. Having an expensive building (a frozen asset) as an example, is nice for the image of the firm, may make the employees happy, but if something goes wrong, its the liquid assets that the firm is going to rely on to bail itself out.
Which city would be MOST likely to rely on its port to drive its economy?
Cities with significant ports that rely heavily on maritime trade, such as Singapore, are most likely to depend on their ports to drive their economies. Singapore's strategic location along major shipping routes and its advanced port facilities make it a global hub for trade and logistics. Other cities like Rotterdam and Hong Kong also exemplify this reliance, as their economies are closely tied to shipping, cargo handling, and international trade activities.
Why are some people hasty in making decisions?
Some people make hasty decisions due to a variety of factors, including stress, pressure to act quickly, or a desire to avoid uncertainty. Emotional responses can also drive impulsive choices, leading individuals to prioritize immediate gratification over careful consideration. Additionally, a lack of information or experience may cause individuals to rely on gut feelings rather than thorough analysis. This behavior can result in regrettable outcomes if not tempered with reflection and critical thinking.
How did farmers on the plains struggle to make a living?
Farmers on the plains struggled to make a living when they had to rely on weather conditions to see them through. They had to deal with drought, locusts and grass fires which threatened their crops.
What are four approaches to corporate social responsibility?
obstructionist approachThe avoidance of corporate socialresponsibility; managers engagein unethical and illegal behaviourthat they try to hide from organizationalstakeholders and society.defensive approachManagers rely only on legallyestablished rules to take theminimal position toward corporatesocial responsibility.accommodative approachManagers make choices that tryto balance the interests ofshareholders with those of otherstakeholders.proactive approachManagers go out of their way toactively promote the interests ofstockholders and stakeholders,using organizational resources todo so.
What is role of statistic in management?
Considering the abundance of data accessible, statistics provide managers more confidence in dealing with uncertainty, allowing them to make better decisions more rapidly and provide more solid leadership to those who rely on them.
Do most managers rely on a deontological approach?
yes
How does the modern financial manager differ from the traditional manager?
The modern financial manager is more focused on strategic planning and decision-making than the traditional manager. The traditional manager is more focused on operational tasks and day-to-day management.
Do most business managers rely on a deontological approach?
yes
How often do you rely on media for scientific information to make decisions in your life?
The only media that is reliable is that found in scientific journals.
What are uses of an income statement?
An income statement shows the profitability of an entity. Profitability can be a measure that investors and shareholders rely on to make their decisions.
How do animals process information and make decisions without the use of language?
Animals process information and make decisions through their senses, instincts, and past experiences. They rely on their ability to observe, learn, and adapt to their environment without the use of language.
Programmed decisions are useful when there is no predetermined structure on which to rely?
True
Have a Friend With You?
From the moment you admit that you have a problem, it is best to have someone with you that you can rely on. Make sure it is someone that you can trust implicitly, and tell them everything. Armed with knowledge, they will be able to help you make decisions that are the best for your future. Your 'addiction buddy' can hold your hand through withdrawal, or make hard decisions when you can't.
What are some popular card games that fall under the categories of strategy, luck, and skill?
Some popular card games that involve a mix of strategy, luck, and skill are Poker, Bridge, and Magic: The Gathering. These games require players to make strategic decisions, rely on luck for card draws or dealing, and demonstrate skill in gameplay.
Centralisation Vs Decentralisation?
Centralized organizational structures rely on one individual to make decisions and provide direction for the company. Small businesses often use this structure since the owner is responsible for the company's business operations. Decentralized organizational structures often have several individuals responsible for making business decisions and running the business. Decentralized organizations rely on a team environment at different levels in the business. Individuals at each level in the business may have some autonomy to make business decisions.
When a couple is selling a home which of them typically decides which real estate agent to use?
There is no "typical" answer to your question. It can depend on the dynamics of the relationship and even the demographics. Some couples rely on the one who is better at making important decisions. Many couples have already worked out that aspect of their relationship and have a way to make those decisions together. Many others rely on that old patriarchal rule that by accident of birth the man of the house makes important decisions.
