In 2014, Mr. Amol completed his exams for a B.Sc. (Non-Medical). Following this, he managed his father's firm with success. He had the sudden idea to look for work. Based on his qualifications, experience, and skill, he was hired by a corporation as a financial manager. He is performing his duties well. What are the numerous business environment dimensions that are relevant to the situation above. i. Is it legitimate for Mr. Amol to be appointed manager? ii. Was an M.B.A. or another degree not required for this position?

In 2014, Mr. Amol completed his exams for a B.Sc. (Non-Medical). Following this, he managed his father's firm with success. He had the sudden idea to look for work. Based on his qualifications, experience, and skill, he was hired by a corporation as a financial manager. He is performing his duties well. What are the numerous business environment dimensions that are relevant to the situation above. i. Is it legitimate for Mr. Amol to be appointed manager? ii. Was an M.B.A. or another degree not required for this position?

Foundations of Business (MindTap Course List)

6th Edition

ISBN:9781337386920

Author:William M. Pride, Robert J. Hughes, Jack R. Kapoor

Publisher:William M. Pride, Robert J. Hughes, Jack R. Kapoor

Chapter4: Choosing A Form Of Business Ownership

Section: Chapter Questions

Problem 6DQ

See similar textbooks

Related questions

Q: 1. Setting Up a Business Your friend, Olivia Graves, is going to start her own chocolate shop,…

A: The decision to choose an appropriate form of business plays a vital role in the growth and success…

Q: Explain the outlines of creating a business plan and explain the difficulties one might face in…

A: Business plan This is a written document that offers detailed information about the company. It is…

Q: a What were the three most important principles you learned t about an entrepreneurial business?…

A: Entrepreneurship is an approach to developing, undertaking, & running a new business venture. It…

Q: Imagine that you want to start your own business. For your business: (a) Decide on and state a new…

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

Q: Given is a doctor who is forming her own medical practice. She wants her practice to be flexible ,…

A: A group of individuals that form a company or the group of companies that acts as a single entity to…

Q: After months of insufficient recognition (and two years without a raise), you accept an offer from…

A: Usually, employees look to switch from one job to another in order to get a higher salary. Sometimes…

Q: Overview There is much that you can learn from other experienced entrepreneurs. Many new businesses…

A: Note: “Only the first part of the question has been answered as the remaining parts seem highly…

Q: three important reasons why a person would choose to be an entrepreneur instead of an employee can…

A: Yes , these points motivate people to become Enterpreneur and not just Employees of an organisation…

Q: Writing a business plan is your map to how you are going to operate. Regardless of whether you are…

A: A business plan is a written summarized document that contains the financial and operational…

Q: With the aid of practical examples from an identified start-up, identify and explain 4 major…

A: Business plan would indicate the strategies of the company and their expectation of the financial…

Q: "The primary role of management is to maximize the wealth of the shareholder."

A: Management is the preliminary arrangement of an organization that may be a profit or…

Q: What are some of the advantages of conducting business with integrity?

A: The purpose of the company should not be just to make a large profit. Profit, of course, is…

Q: What does your business do poorly, What problems could be avoided

A: A business is a separate legal entity created under law and group of people come together with…

Question

What are the numerous business environment dimensions that are relevant to the situation above.

i. Is it legitimate for Mr. Amol to be appointed manager?

ii. Was an M.B.A. or another degree not required for this position?

Approach to decide on the efficient procurement and investment of funds for the day-to-day operations of a business. Financial management aims at profit maximization, and it includes financing and capital budgeting.

Expert Solution

This question has been solved!

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

SEE SOLUTION Check out a sample Q&A here

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

Similar questions

Which business organization entity is preferable for the following business: local family owned and operated farmer’s market in Small Town, USA; purchases produce from local farmers/growers; parents are financing venture; five children are to run business and conduct daily operations? Explain your answer.
The three important reasons why a person would choose to be an entrepreneur instead of an employee can be highlighted through the following points: Step 2 Sense of Accomplishment: People who are more self-driven and have a deep sense of achievement and desire for self-accomplishment are never satisfied with a mediocre life which employment brings and they rather want to speed up the process of their growth and development so they are more motivated to start something of their own which can bring them prosperity, status, power, and recognition. They don't want to have a boss: The people tend to show more inclination towards leading than to be ruled. They have leadership skills and want to do work their way. They don't do well with regulations, rules, and policies that working as an employee brings and want to rather work independently. People prefer being an entrepreneur to avoid authority and restrictions laid down on them by bosses so they would avoid being an employee. They have…
I have to write a grant for the Lasting Legacy Wildlife Museum (link to website below) for a family member. They have not been able to work since his heart problems. I need help writing a grant to keep their business alive. I have no idea where to start or how grants work. If you could help me I would really appreciate it. This business means a lot to my family members. https://thelastinglegacywildlifemuseum.centurylinksite.net
Explain the goal of shareholder wealth maximization, and whether this goal is a short-term goal or a long-term goal. Identify the conflict between the goal of shareholder wealth maximization and other stakeholder concerns (sometimes referred to as environmental, social, and governance (ESG) concerns). Cite one real-world example of a company that reflects other stakeholder concerns in its mission statement or stated corporate values. Explain, for your chosen real-world example, how the company’s incorporation of stakeholder concerns could enhance (or detract from) the company’s shareholder wealth maximization goal. Construct one question related to shareholder wealth maximization goals.
Rita wants to be involved in business. She has a fair amount of money to invest, but she does not want to be involved in management. She wants to form a business in the quickest way possible onto her circumstance. Which form of business would be best for Rita?
Why is strategic management an essential discipline to study for the student of business administration?
What does your business do poorly, What problems could be avoided?
Writing a business plan is your map to how you are going to operate. Regardless of whether you are interested in taking over an existing business or starting a new one; they both have challenges that you will need to overcome in order to succeed. Discuss one of the challenges in starting a new business and how you may be able to address that challenge with a well-designed business plan. Your challenge can be unique to either a start-up or on-going business or both.
1. Please, identify opportunities and challenges in entrepreneurship using Davidson`s External Enabler that you know. 2. Please, make a brief resume on the results of the analysis in point (1) using Causal Loop Analysis.
Why did Organic Valley need an enterprise system?
What functions does a business plan perform?
How does business management changes your perspective of business? How has it shaped your ability to lead in the future? Where does your inspiration come from? What are your core values? What are your future goals and how can you use the knowledge gained from business management to reach your full potential?