Watch the video, and in your own words, explain why planning is so important to managers. Long term and short term planning animated Long-term and short-term planning By Artem Neshepa, Senior Network Engineer at LinkedIn

Q: Discuss the significance of the study of business economics to every manager.

A: business economics helps a manager to take decisions and solving the problem in day to day life of a…

Q: Elroy Harris is considering whether to buy a corn and soybean farm in Iowa. The farm will cost…

A: Accounting profit is the net income from a business, which is revenue minus explicit costs. Economic…

Q: RECOMMENDATION AND STRATEGIES Ways on how to minimize the negative impact of a business on the…

A: Ways on how to minimize the negative impact of a business on the government: Answer: Pricing…

Q: As the interest rate rises, does the intertemporal budget constraint become steeper or flatter?

A: an intertemporal budget constraint is a constraint faced by a decision maker who is making choices…

Q: Assuming that at present you are working at a retail outlet which has no online presence yet. Based…

A: Since you have posted a question with multiple sub-parts, we will solve the first three sub-parts…

Q: Statement 1 (S1): Complementarities increase the incentives for other agents to take similar…

A: A. True, True

Q: After graduation, you face a choice. You can work for a multinational consulting firm and earn a…

A: Accounting Profit = Total Revenue - Explicit cost = 90000 -15000 -1500 - 22000 -4600 = 46900

Q: ding to expand. Later this year, it’ll add healthcare services from Ping An, the Chinese digital…

A: The analysis of Porter’s Five Forces is a framework which in turn helps in analyzing of the level of…

Q: Planning theory can be understood in many ways. The simplest theory of planning is undoubtedly the…

A: The planning processes are considered to be the part and parcel of the entire management system.…

Q: Mark, a U.S. citizen, buys stock in a British Shipping company.  In macroeconomics language, this…

A: Exchange rates of a currency can be fixed or floating. Fixed exchange rate is computed by the…

Q: Explain the impact and likelihood of information technology services at a college under the…

A: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question and…

Q: Compute the expected return given these three economic states, their likelihoods, and the potential…

A: Answer: Given, Economic state Probability Return (%) Fast growth 0.3 40 Slow growth 0.4 10…

Q: Which of the following will add rigor to a purposive study? a. The degree of accuracy of the results…

A: Rigor adds carefulness, scrupulousness (thoroughness) and therefore the degree of exactitude…

Q: Identify the term being referred to: A theory that states that dividends should follow the stage of…

A: Answer-

Q: Holding everything else constant, an increase in the savings rate will reduce the level of…

A: Income is the sum of consumption and saving.

Q: Prospective entrepreneurs continue to compare these and opt to invest only when the former is…

A: The MEC of a capital asset is the projected return on investment. It's the highest rate of return…

Q: In this project phase, the scope is sharpened, and it does not only define the activities that…

A: Project planning:- It defines the set of activities along with required resources for chasing a…

Q: Great ideas don’t automatically become a reality! Ideas must be transformed into actual products.…

A: The Company ford is an American automobile manufacturer that ranks sixth in the world in terms of…

Q: Which of the following statements is true?   Multiple Choice   All of the statements are correct.…

A: Since the most preferred project is D- 0.5*60+0.5*60= 60

Q: lossary of terms Post 3 concepts related to the circular economy. Make sure the concept is relevant.…

A: Economics can be defined as the allocation of scarce resources in order to satisfy the consumer…

Q: Case study 1.7: Electricity generation Here and now Distributed power generation will end the…

A: 1.Power generation requires lot of natural resources. Natural resources are controlled by…

Q: Ivan the trainer has two solo workout plans that he offers to us clients: plan a and Plan B. Each…

A: Answer -

Q: Mathematical methods for solving planning problems advanced rapidly in the early part of the 20th…

A: Mathematical methods for solving planning problems advanced rapidly in the early part of the 20th…

Q: As a strategist, you are required to undertake a task and submit a consultancy paper to the Board of…

A: The Grand Plans are business-level strategies that are aimed to acknowledge the company's…

Q: in a capitalist market economy, the decision to save is made by the same people who make the major…

A: The capitalist market is the market that is run by private individuals or business own capital…

Q: In contrast to manufacturing, agricultural production is stochastic, which implies that [Select one]…

A: The word "stochastic" means "random", or something which cannot be predicted with certainty. A flow…

Q: Below are various statements about different budgeting techniques. Which is false? Master (static)…

A: Economics is a branch of social science that describes and analyzes the behaviors and decisions…

Q: Distinguish between theory of planning and theory in planning

A: Urban development refers to a study of improvement of infrastructure for urban areas. It covers…

Q: Saving money is a(n) ____________________, because it involves less consumption in the present, but…

A: Income earned is either consumed or saved. It can be written as: Y = C + S: where C is consumption,…

Q: An investor is to purchase one of three types of real estate, as illustrated in Figure below. Th…

A: State of Nature Decision (Purchase) Good Economic Condition Poor Economic Conditions Apartment…

Q: Practice with the rule of 70: If you inherit $20,000 this year and you invest your money so that it…

A: The rule of 70 is used by the business organizations and even the financial markets to determine in…

Q: Which of the following is not something that would typically motivate an entrepreneur to take a…

A: Introduction: An entrepreneur is a person who starts a new business and takes on most of the risks…

Q: Congratulations! You are hired to work as economic advisor to His Excellency the Prime Minister of…

A: An urgent plan to rescue the economy of Xanadu ? Expansionary Monetary Policy:- The central bank of…

Q: Give an example of project that would be considered a sacred cow?How would you go about cancelling a…

A: ANSWER

Q: A firm will invest in capital if...    the present value of the capital is greater than the market…

A: Investment is the process of capital Formation . And it earns return over period of time .

Q: a continuous decision, Q, is B(Q) = 200 – 20? and the corresponding total cost is C(Q) = 4 + 2Q², so…

A: The marginal cost of production is the change in total production cost that comes from making or…

Q: Explain the difference(s) between an economic and an econometric model . Write down examples for…

A: Economic models are used by the economist to explain consistently recurring relationships. This…

Q: Human Resource Planning(HRP) provides an input into strategic planning in terms of whether the…

A: Human resource planning (HRP) is a continuous, systematic process of foresight planning. It is to…

Q: Which of the following statements is true? An individual's future spending decreases when she lends…

A: Since you have posted multiple question, as per answering guidelines, we will solve first question…

Q: generally make rational decisions that maximize desirable outcomes in the absence of emotions…

A: As per rational choice theory people make rational decisions after weighing the pros and cons of an…

Q: Use the attached graph .. which of the following can cause the relationship shown between MSC and…

A: When there is negative externality, it gives rise to an external cost which shifts MPC curve…

Q: One of the most important aspects of any particular market that managers must monitor and study in…

A: Manager has to assess the different types of risk in the market. such risks range from the interest…

Q: Theories in planning form an envelop for theories of planning 1. True 2. False

A: Planning is the set of activities and plans that are used to accomplish organizational goals.

Q: This is the time of unpredictability and uncertainty, as more efficient resources have been…

A: The practice of conserving Earth’s environmental assets for present and potential generations is…

Q: If a large corporation such as Walmart makes decisions that dramatically affect their stock prices,…

A: Economics is divided into two branches- microeconomics and macroeconomics. Microeconomics studies…