All categories

3 months ago

Why do executives and managers spend more time listening than do workers?

Business

2 answers:

Nady [3.6K]3 months ago

8 0

Executives and managers listen more attentively than workers as they are the ones responsible for making decisions.

Additional Information:

Executives and managers occupy the highest tier of management, taking charge of all company-related decisions. This includes matters concerning finances, investments, capital increases, expanding to new branches, industry challenges, and employee issues. All critical decisions fall under their jurisdiction.

It's important for executives and managers to actively listen to ensure they make informed and accurate decisions that can enhance profitability. They must consider various perspectives to arrive at sound conclusions, understanding that their decisions impact multiple stakeholders. Workers, on the other hand, focus on production tasks only; they are typically aware of their manufacturing quotas for specific timeframes. Responsibility lies with executives and managers, not workers.

Workers belong to the lower tier of management, while executives and managers are positioned at the upper level.

Further Reading:

1. Learn more about moral principles

2. Learn more about organizational hierarchy

3. Learn more about decision-making principles

Answer Overview:

Grade: Middle School

Subject: Management

Chapter: Managerial Hierarchy

Keywords: executive, manager, listen, decision-making, hierarchy, accountability.

marusya05 [3.7K]3 months ago

5 0

Executives and managers dedicate more time to listening than employees do because they hold the ultimate responsibility for decision-making. Careful evaluation of alternatives and thorough consideration of opinions generally yield superior results for the organization. Before making decisions, executives and managers seek out feedback and perspectives from their team members.

You might be interested in

Trim Corporation acquired 100 percent of Round Corporation’s voting common stock on January 1, 20X2, for $400,000. At that date,

Scilla [3833]

Answer:The question is incomplete; see the full question below:

Trim Corporation purchased 100 percent of Round Corporation's voting common stock on January 1, 20X2, at a cost of $405,000. At that time, the book values and fair values for Round's assets and liabilities were identical. Round announced the following summarized balance sheet information:

Assets $ 715,000 Accounts Payable $ 102,000

Bonds Payable 208,000

Common Stock 120,000

Retained Earnings 285,000

Total $ 715,000 Total $ 715,000

Round reported net income of $89,000 for 20X2 and paid dividends totaling $30,000.

Prepare the required consolidation entries for December 31, 20X2, in order to compile consolidated financial statements. (If a transaction/event does not require an entry, please select "No journal entry required" in the first account field.)

Explanation:

I have created the requisite journal entries to prepare consolidated accounts.

Refer to the necessary journals in the attached excel document.

Download xlsx

3 0

1 month ago

Matthew's Fish Fry has a monthly target operating income of $6,600. Variable expenses are 80% of sales and monthly fixed expe

Mariulka [3825]

Response:

The right answer is C

Explanation:

To find break-even sales, we use the formula:

Contribution margin ratio = Fixed Cost / Break-even Sales

where

Contribution margin ratio = 1 - Variable costs of 80%

= 20%

The fixed cost amounts to $840

30% = $840 / Break-even Sales

Break-even Sales = $840 / 20%

= $4,200

To find actual sales:

Actual Sales = (Fixed Cost + Target Profit) / Contribution margin ratio

= ($840 + $6,600) / 20%

= $7,440 / 0.2

= $37,200

To calculate the margin of safety:

Margin of Safety = Actual Sales - Break-even Sales

= $37,200 - $4,200

= $33,000

5 0

2 months ago

Joe and Michelle have a partnership firm. Based on the income-based method of calculating GDP, what category is the income earne

arsen [3447]

The correct category is B) employee’s compensation. The income approach for gauging gross domestic product (GDP) starts with the earnings generated (wages combined with rents, interest, and profits) from producing goods and services. Thus, in the context of calculating GDP through the income method, the income that Joe and Michelle earn from their partnership can be classified as B) employee’s compensation.

3 0

2 months ago