Why is there is a difference between the roles of a manager, a monitor and an entrepreneur? Support your answer with an example.

1.2 Explain in your own words the following two factors that managers should consider when using teamwork competency in the workplace:

1.2.1 Creating a supportive environment

1.2.2 Managing team dynamics​

Answers

Answer 1

An entrepreneur is the owner of the company while the monitor and manager are employees.

Who is an Entrepreneur?

This is the individual which owns the company and bears the risk and enjoys most of the reward derived from it.

The entrepreneur serves as an innovator, the manager helps to control the affairs of the company while the monitor oversees compliance.

Creating a supportive environment will there is an inclusive environment which will boost productivity.

Managing team dynamics​ involves understanding the roles and behavior of team members which ensures they are suited to the rule for increased productivity and less errors.

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Related Questions

Based on what you see in the Employee Complaint Log, what type of culture has HyrdoHealth been exhibiting?

Answers

Answer:

organization has a team oriented culture because it is collaborative and values teamwork and cooperation among employees.

Explanation:

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a. The Kretovich Company seeks the following financial statistics in the coming year to attain a competitive advantage over its industry competitors. Quick ration = 1.4 Current ratio = 3.0 DSO = 36.5 days on a 365-day year. Its total current assets = $800,000 and cash and marketable securities of $100,000. Based on the data given, what is Kretovich’s estimated revenue or sales at year end? Suppose Kretovich’s pays its suppliers of materials every 30 days, that is, the firm’s days payables outstanding is 30 days, what is the speed at which Kretovich Company accrues cash flows? Hint, find the company’s cashflow conversion cycle.

Answers

1) Based on the data given, Kretovich Company's estimated revenue or sales at year-end is $2,780,000.

2) The speed at which Kretovich Company accrues cash flows if it pays its suppliers every 30 days is 61.5 days, which is given by the cash conversion cycle.

What is the cash conversion cycle?

The cash conversion cycle represents the days that it takes for a company to convert its investments in inventory and other resources into cash flows from sales.

The cash conversion cycle can be computed with the following formula:

Cash Conversion Cycle = DIO + DSO – DPO

Where:

DIO = Days Inventory Outstanding

DSO = Days Sales Outstanding

DPO = Days Payable Outstanding

Data and Calculations:

Quick ratio = 1.4

Current ratio = 3.0

DSO = 36.5 days on a 365-day year.

Current assets = $800,000

Cash and marketable securities = $100,000

Using the current ratio of 3.0, the current liabilties = $270,000 ($800,000/3.0)

Current assets other than inventory = $378,000 ($370,000 x 1.4)

Inventory = $422,000 ($800,000 - $378,000)

Accounts receivable = $278,000 ($800,000 - $422,000 - $100,000)

Sales revenue = $2,780,000 ($278,000 x 365/36.5)

DIO = average (or ending) inventory balance by COGS and multiplying by 365 days.

Here, we shall use the sales figure in place of the cost of goods sold as follows:

DIO = $422,000/$2,780,000 x 365

= 55 days

Cash conversion cycle (or DIO + DSO – DPO).

= 61.5 days (55 + 36.5 - 30)

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Which of the following best describes how a condominium is owned?
O A. A group of partners own the building and rent each apartment to
the residents.
O B. The residents of a condominium are shareholders in a corporation
that owns the building.
C. A condominium is an apartment that is owned by the resident
rather than a landlord.
O D. Condominiums are apartments owned by a landlord who charges
rent to the residents.

Answers

Answer: A condominium is an apartment that is owned by the resident rather than a landlord.

so it would be O. A

How does a savings account benefit the bank

Answers

Answer:

Having a strong base of savings account deposits is critical for a bank to remain solvent and profitable. Banks use that money to lend to borrowers, who then pay interest on their loans. After paying for various costs, banks pay money on savings deposits to attract new savers and keep the ones they have.

Explanation:

The straight-line depreciation method and the double-declining-balance depreciation method: A. Produce the same depreciation expense each year. B. Are the only acceptable methods of depreciation for financial reporting. C. Are acceptable for tax purposes only. D. Produce the same total depreciation over an asset's useful life. E. Produce the same carrying amount or book valueeach year.

Answers

The relationship between the straight-line and double-declining-balance method is that they D. Produce the same total depreciation over an asset's useful life.

How are the straight-line and double-declining-balance methods related?

While they do not produce the same depreciation every year, they will eventually depreciate an asset in the same way overtime.

What this means is that both methods will depreciate an asset by the same amount at the end of the asset's life. However, the depreciation amounts will vary by method on an annual basis.

In conclusion, option D is correct.

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reply if you agree that eddie kaspbrak and stanley uris shouldn’t have dxied in “it cheaper 2” (giving brainliest)

Answers

Answer:

do u mind sending the picture of the question

Monroe minerals company purchased a copper mine for a 126,500,000 the mine was expected to produce 50,000 tons of copper over its useful life during year won the company extracted 7300 tons of copper the copper was sold for $5800 per ton assuming that the company incurred 8,855,000 and operating expense during year one based on this information how much net income would Monroe report in year 1

Answers

Answer:

I think it would be B

Explanation:

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Which of the following about credit cards is FALSE?
Credit cards have annual fees, merchant fees, and interest charges.
Credit card interest rates are usually similar to the interest rates for a line of credit.
Banks will often set the credit card’s APR at 0% as an introductory rate to attract customers.
Banks will offer different incentives for using their credit cards.

Answers

Answer:

banks will often set the credit card's APR at 0% as an introductory rate to attract customers

1. What is the required reserve ratio? (1 point)
Othe deposits that commercial companies make in banks
O the amount of money a bank has to loan out
O the portion of a deposit that a bank must keep on hand
Othe ratio of commercial to personal loans that a bank makes

Answers

Answer: C. the portion of a deposit that a bank must keep on hand

Explanation:

A large cable company is the only provider of cable TV and Internet for a small community. As a result, consumers in the community who want either of these services must purchase from this company.

In which of the following economic markets is the cable company operating?

Answers

Due to the fact that the firm is the only one that is operating in the community, the economic markets operated here is monopolistic.

What is a monopolistic market?

This is a type of market that has only one company that is in charge of offering products or services to the public.

The market here is a cable tv and internet company that provides services to the community.

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Respond by (1) Identifying the type of syllogism below (Categorical, Disjunctive, Conditional) and (2) explain, in your own words, why the structure of the syllogism may be correct, but the conclusion could be false.

Major Premise: If the sidewalk is wet, then it must have just rained.
Minor Premise: The sidewalk is wet.
Conclusion: Therefore, it just rained.

Answers

The type of syllogism being used in the given sentence is a conditional syllogism.

What is Syllogism?

This refers to the use of reasoning in order to draw conclusions about something based on two premises.

Hence, we can see that conditional syllogism was used in the given premises and this is because it made use of either-or to show that if the sidewalk was wet, then that means that it must have rained.

This reasoning is faulty because there are different possible reasons for the sidewalk to be wet and not just rainfall.

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Analyse why the social benefit of education exceeds the private benefit

Answers

There are many benefits of education, it is very important in different fields and it is also very important in your private life, if you are educated then your next generation will not have any problem and you too will be a good.

Sheffield Company signed a long-term noncancelable purchase commitment with a major supplier to purchase raw materials in 2021 at a cost of $1,031,600. At December 31, 2020, the raw materials to be purchased have a market value of $978,300. In 2021, Sheffield paid $1,031,600 to obtain the raw materials which were worth $978,300. Sheffield uses a periodic inventory system. Prepare the entry to record the purchase.

Answers

The journal entry to record the purchase of the raw materials by Sheffield Company is as follows:

Debit Purchases $1,031,600

Credit Accounts Payable $1,031,600

To record the purchase of the raw materials in 2021.

The December adjusting entry can be revised with:

Debit Estimated Liability $53,300

Credit Unrealized holding Loss $53,300

To reverse the December 31 adjusting entry.

What is an unrealized holding loss?

In this instance, the unrealized holding loss arose from the fact that the market value of the raw materials is less than the purchase amount because of the noncancelable commitment.

Thus, the unrealized holding loss arose as the difference between the market value and the purchase amount.

Data Analysis:

Purchases $1,031,600 Accounts Payable $1,031,600

Estimated Liability $53,300 Unrealized holding Loss $53,300

Thus, the entry to record the purchase is a debit to the purchases account and a credit to accounts payable.

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Which is not included in the composition of a project initiation documentation?

Answers

The choice which is not included in the composition of a project initiation document is; Project cost.

What is a Project Initiation Document?

A Project Initiation Document is a guide to a project, clearly laying out the justification for a project, the project's objectives, and how the project will be organized. This helps ensure that all involved personnel knows what's going on right from the outset.

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The CEO of TruTone Manufacturing tells her executive management team that the company must become more agile to stay competitive. She says, "We have several options to improve our agility, a couple that we have already started to implement. But, most importantly, I believe that we need to organize around our primary strengths and expertise: our __________."

Answers

The statement "I believe that we need to organize around our primary strengths and expertise" complete part is: core capabilities.

What is core capabilities?

Core capabilities can defined as the ability to put into use the skills, knowledge you have developed so as to achieve your set goals and objectives.

A company or organization that want to have an a competitive advantage over other companies, the employers of that company must possess  core capabilities as this will enables them to stay competitve.

Inconclusion  the complete part of the given statement is: core capabilities.

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Simplify by combining like terms. (a) 6x+8x

Answers

Answer:

14x

Explanation:

6+8=14

6x+8x=14x

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