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The application of these principles in the managerial activities of the business organization successful?

Do you think the application of these principles in the managerial activities of the business organization successfull


What is the application statistics in business?

Statistics help managers make decisions. They use statistics when it comes to production and hiring employees. Statistics are everywhere in the business world.


What does an audit achieve?

Audit is a practice to find out that does financial statements of business are prepared according to standards and policies and whether it presents the true and fair business activities or not.


Is application software that assist people in becoming more effective and efficient while performing daily business activities?

microsoft


What are the application of probability theory in business?

There is no such thing as "the" application. It is a useful tool in any situation where the future is unknown yet decisions have to be made as to the future. Isn't that almost any area of company management?


How is statistics applied in management?

Statistics has huge application in business and these are used to help in taking managerial decisions by the managers. Moreover, there are many statistical formulas which make too much convenience in taking managerial decisions. They are also helpful in calculating GDP of a business or state.


Name types of applications used in mis?

An application in a management information system can be a database. The database stores information the business uses to make decisions.


Can a business president make informed decisions?

A business president can make informed decisions. Not every business president makes informed decisions, but there are at least some business presidents who bother to become well informed before they make their business decisions.


What is EDI application in business?

EDI is a standard used for all business documents, like Purchase Orders, Ship Notice, Ship Manifest, Invoices and Freight Bills. EDI standards are used by companies that wants to conform to standard way of transacting business documents. X12 and EDIFACT are two widely used EDI standards.


What is the main objective of Accounting Standards?

A financial statement is a record of the financial activities of a person or business entity where all related financial information are presented in an...


What is simulation in business decisions?

Simulation in business decisions refers to making prototype decisions and testing their outcome in the actual business environment before final implementation.


What is the importance of studying business law to a procurement student?

Studying business law is important for procurement students as it helps them understand the legal framework within which business transactions take place. It enables students to navigate contracts, negotiations, and compliance issues effectively, ultimately helping them make informed decisions and mitigate risks in procurement activities. Understanding business law also provides a foundation for ethical decision-making and adherence to professional standards in the field.