Use the Following Selected Information from Whitman Corp A) 364% for Year 2 and 41

question 109

Multiple Choice

Use the following selected information from Whitman Corp. to determine the Year 1 and Year 2 trend percentages for net sales using Year 1 as the base. $\begin{array}{lrr}& \text { Year } 2 & \text { Year } 1 \\\text { Net sales } & \$ 276,200 & \$ 231,400 \\\text { Cost of goods sold } & 151,900 & 129,590 \\\text { Operating expenses } & 55,240 & 53,240 \\\text { Net earnings } & 27,820 & 19,820\end{array}$

• A) 36.4% for Year 2 and 41.1% for Year 1.
• B) 55.0% for Year 2 and 56.0% for Year 1.
• C) 119.4% for Year 2 and 100.0% for Year 1.
• D) 117.2% for Year 2 and 100.0% for Year 1.
• E) 65.1% for Year 2 and 64.6% for Year 1.

Identify and describe the primary roles that managers play in organizations according to Henry Mintzberg.

Recognise the importance and application of human, technical, and conceptual skills in management.

Explain the significance of developing strong interpersonal relationships within the workplace for effective management.

Discuss the process and importance of measuring work performance and taking corrective actions.

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Definitions:

Costs

represent the total expenditures required to produce a good or service, including materials, labor, and overhead.

Benefits

Advantages or payments made to employees or members of insurance or social welfare programs.

Government Functions

The activities and responsibilities undertaken by a government, including legislation, law enforcement, and the provision of public goods and services.

Rights of Individuals

Legal, social, or ethical principles of freedom or entitlement; the fundamental normative rules about what is allowed or owed to people.