Answered: Amira budgeted $400 for her expenses…

Business

Management

Amira budgeted $400 for her expenses this week. She spends $350. What is true about Amira budget and spending ?

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

See similar textbooks

Related questions

Q: Ali wants to increase the sales of his business by 15% in the next quarter. Which type of plan is…

A: An objective is something that an individual or a company aims to achieve.

Q: explain the balance scor erms of the processes used to bond short term activities to long term…

A: The balanced scorecard is a management technique designed to convert an organization's strategic…

Q: "Planning is a continuous and all-pervasive feature of rianagement." In view of the preceding…

A: Planing is a comprehensive and ongoing feature in the management environment. Planning is the most…

Q: "Money is Yours" has recently been about two years ago in Mexico. Over this period, the business has…

A: Here, we would determine the incremental net present value at the end of each year, for each…

Q: 3. Discuss one of the following tools that can be used in the planning process: a) the Gantt chart,…

A: Management is a goal oriented, multi-dimensional group activity. In simple terms it is an art to…

Q: Required: i. Briefly outline key action steps you will consider and roll out towards delivering on…

A: In the contemporary business landscape, where environmental consciousness intertwines with fiscal…

Q: Discuss hierarchy structure of apple company with its flow chart? in detail

A: An organizational structure outlines the hierarchical positions and workflows in the organization.…

Q: Strategic Business Units means all department working individual to finalize their own plan Select…

A: True

Q: Explain briefly the limitations of planning. Lack of Dependable Information, Time Consuming &…

A: Planning can be defined as the management functions which help to think about the activities that…

Q: What are the benefits of arranging ahead of schedule?

A: Advance preparation is based on the idea of a scheduled date of release and the programming of the…

Q: Explain operational planning.

A: Operational planning is the outcome when a department of an organization draws from the company-wide…

Q: Coordination for Plan Preparation

A: Planning is the process of determining and allocating the resources required to accomplish a goal.…

Q: Ms. Basma is appointed as a management accountant of Oman Sugars LLC, As a management accountant she…

A: Management is the set of different functions such as planning, organizing, supervising, and…

Q: "Factors that can Distract Students doing Online Class and How to have Time Management in Modular in…

A: Research topic " Factors that distract the students doing online class and how to have time…

Q: You have initial budget of $100,000.00. o You must identify at least five (5) areas/tasks where you…

A: Steps to create an initial budget sheet in Excel for your event: Open a new Excel workbook and…

Q: First-line managers focus on planning, applying plans to daily, weekly, and monthly operations. a)…

A: A business organization is an artificial entity and it has different goals and objectives in an…

Q: hwo to do a detail SWOT analysis for a jerk sauce manufacturing company in Jamaica that wants to…

A: Jamaican Teas Limited (JTL) was established in the year 1967 in Jamaica. The company entered the tea…

Q: In the context of infinite planning, what are the substitute strategies?

A: The scheduling horizon is defined as the time needed to complete a planning cycle for an entity. It…

Q: Explanation of backup in detail and evaluation of at least three backup strategies and their…

A: Operations is an important base for every organization, whether in manufacturing, service, or…

Q: Required to prepare the action plan for the events show in table below and determine the Total Float…

A: Based on the Predecessor relationships given (the 2nd column of the tables show the predecessors of…

Q: What does "dynamic programming" refer to, and how does it function?

A: The inquiry is about "dynamic programming" from an operations management standpoint. In operations…

Q: Managers who are make a plan before taking action and carefully search for information to facilitate…

A: Project refers to tasks or activities that are done in order to achieve goals and objectives or to…

Q: Liberty University Human resource Strategy 1. Abstract 2. Introduction 3. Liberty University of…

A: Note: The answer has been provided in a generalized manner. As per our Q&A guidelines, we cannot…

Q: According this case please discuss 1) Job Engagement with useful graph and example & 2) Job…

A: Workforce management holds a significant role within the realm of organizational functionality. It…

Q: how can effectively prepare the three operational plans below together with one goal longterm plan…

A: Operational plan/s can be defined as a process of making strategies, keeping in mind the vision,…

Q: The partners in charge have asked Kevin to alter his time to meet time budgets. Meeting time budgets…

A: Introduction:- The objectives for an independent company budget meeting will to a great extent rely…

Q: Three important points of IKEA's planning are as follows: -Uses production planning throughout all…

A: To provide a variety of excellently crafted, well-designed, and long-lasting home furnishings at…

Q: Discuss the following event planning processess: A. Planning B. Organizing C. Staffing D.…

A: Event management illustrates the procedure of handling the whole work related to the event to…

Q: Answered 1 Think of an organisation (or sub-division of an organisation) for which sales demand is…

A: "Since you have asked multiple questions so we will solve the first question for you. If you want…

Q: Claudia is getting mad! She has been given an assignment to complete a purchases budget, a sales…

A: Business budget is a primary part of every business planning, which requires lots of factors to…

Q: The key to effective cost control is to analyse cost performance on a regular and timely basis. In…

A: Project management is the implementation of policies, strategies, expertise, knowledge, and…

Q: Explain what Sequential Quadratic Programming is, how it works, and when it's most useful for…

A: Sequential Quadratic Programming (SQP) is an optimization technique used to solve nonlinear…

Q: Three important points of IKEA's planning are as follows: -Uses production planning throughout all…

A: INTRODUCTION: Product management is the process of bringing a new product to market. It includes…

Q: What is operations planning and how is it different from scheduling? Why is it important? Identify…

A: An operational plan is an important detailed-oriented plan that defines how a team and department…

Q: XYZ is a privet company planning to open a new department and hire new employees. A. What type of…

A: Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: Which of the following is the type of planning that managers usually deal with? a) operational…

A: There are three fundamental kinds of plans that a director will use in their quest for organization…

Q: Overly optimistic objectives may hinder workers and diminish morale. Therefore, the concept of…

A: It is constantly prompted that defined goals ought to be feasible however that doesn't restrict an…

Q: type of plan

A: “Planning is the systematic management of resources and priorities,” says the author.Despite the…

Q: : An arepE app20cher. marnger the The Change Change explain the

A: An accepted deadened for a project is approaching. However the project manager realizes only 75% of…

Q: Which type of plan is used for one time or event only? a. Single Use b. Tactical Plan c. Short-term…

A: A business plan is a written record that describes in element how a business usually a startup…

Q: Palisades Eco-Park is a small ecological reserve that admits a relatively small number of visitors…

A: Here, we need to estimate labor cost based on the given number of visitors, which shows that the…

Q: Write a reflection on the following : 1.Module 6- M's of Production and Business Model 2.Module 7-…

A: When management occupies a central place among all the factors of production. We have other factors…

Q: From the perspective of a finance and accounting department and as a tactical manager, discuss the…

A: Pestle analysis is a type of analysis that most business organizations conduct to analyze and study…

Question

Amira budgeted $400 for her expenses this week. She spends $350. What is true about Amira budget and spending ?

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

This is a popular solution!

SEE SOLUTION Check out a sample Q&A here

Step 1

VIEW

Step 2

VIEW

Trending now

This is a popular solution!

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

Similar questions

Please provide the relationship between Operations Plan and Finance Plan, and provide a few examples.
What other types of plans can be used for controlling the apple organization
Mary Fisher decorates homes using traditional materials and methods, but recently she has decided to use modern materials and methods. People who visit her home are impressed and want her to decorate their homes for weddings, graduation, and birthday celebrations. She was awarded the contract to decorate the venue for Miss South Africa 2017. There are external factors that always affect the business direct and indirectly. Explain how they can affect Mary Fisher’s business. Mary Fisher must remember that selfmanagement is a key to business success, provide explanations of how she could achieve better-self management by using the seven-step approach
please answer this question
Helllllp plz
Management wants to explore the total profit using What If analysis with the data below. Fixed Cost = $10,000 Material cost per toy = $0.15 Labor cost per toy = $0.10 Vary the Revenue per toy from 0.60 to 1.10 by 0.05, and the labor cost from 0.08 to 0.16 by 0.01 When the quantity sold is 27,000 toys, what is the range of profits when the sales price is $$0.70? - $1,090 to $1,340 $260 to $2,690 $1,610 to $4,040 $2,960 to $5,390 $530 to $2,960
With the use of an example explain how takelot managers can make use of management by objectives (MBO) as an approach to set goals for the employees on the new Richmond part pickup point
Elaborate (MBO) and then write its advantages in integrating planning and controlling.
Management at Work Larry knows that the restaurant business is the right industry for him. Earlier this year, he opened a small restaurant offering seafood, steaks, and unique side dishes not found at other restaurants. He did not have the savings to quit his existing job as a waiter, so the new restaurant is open only Monday through Thursday nights, which is when he is not working at the other restaurant. Although the restaurant is open only 4 days per week, Larry works up to 16 hours on each of those days. He arrives early in the morning to receive deliveries from vendors and complete paperwork, and he is usually the last person to leave at night after the cleanup is finished. After 6 months, Larry was disappointed that the restaurant had not achieved the anticipated level of profits and success. It didn’t seem right that Larry could work so hard, yet still be struggling to run the business. All revenue was immediately used to pay the small staff or the vendors, so Larry was not…
Health and Cure Hospital (H&C) is a new hospital in Amman and tries to provide thebest medical care and facilities to its patients. After a short period of time, they noted thatit is very difficult to keep records of its day-to-day activities manually as well as themedical staff information is not well-organized.The executive management in H&C believes that the business requirements haveemerged and they need to invest in developing new technology. Therefore, they met theIT managers and they indicated that they need to develop a database system toorganize all information about patients and medical staff in each department, in additionto that it will help to keep records of all hospital activities.H&C consists of set of medical departments, such as Surgical Department, InternalMedicine Department and Pediatrics & Neonatology Department. Each patient has hisown record that contains his personal information such as name, address, age, and soon. The hospital needs to track…