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What may happen if an organization neglected to manage its working capital?
Insufficient Inventory Working capital is especially important for businesses that sell products because they need a well-stocked inventory. [ If your working capital is low, you may not have enough cash flow to replenish your inventory before running out of products. In such a case, client satisfaction and sales will suffer. On the other hand, organizations that mainly provide services may have
to hold little or no inventory and can operate with less working capital. Low Liquidity If your working capital is too low, the smallest emergency or unexpected expense can leave your business with no liquidity. This means you may not have enough cash on hand to pay for wages, utility bills and other regular running expenses. Workers will usually resent working without pay and utility companies make a habit of disconnecting clients who don't pay their bills. Penalties If your working capital is less than your running expenses, you will fall behind in your mortgage payments, telephone bills, line of credit costs and other basic expenses. Lenders and service providers will start charging penalties and interest on the money you owe, which won't help your working capital situation. If you fail to fix your working capital issues and continue to miss payments, service providers may cancel their services altogether. Bankruptcy The final outcome for an organization that does not manage its working capital and cannot pay for its debts and other running expenses is bankruptcy. Even if the company has enough assets to pay its creditors, if the money is not at hand, the organization might have to sell its assets or even declare bankruptcy to cover its debts. ]
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what traits should you have working in the human service field?
Weegy: Pursuing a career in human services requires that you possess certain characteristics and traits. If you have specific qualities you can enter a specialized career in developmental services and social services. [ Each career will require that you obtain certain skills in order for you to be successful. Careers in human services consist of case management, mental healthcare, social work, community support, and counseling. In addition to the traits you possess, you will need to obtain skills that are necessary for your required job tasks. This can be done through a higher education program that offers human services training programs. Developmental services professionals are trained to provide support and services to adults and children with developmental disabilities. You can work with individuals who suffer from autism, epilepsy, down syndrome, and cognitive disabilities in order to help them function and live healthy lifestyles. You will need to possess characteristics that are beneficial to your career. These traits can include: Compassion Patience The desire to help others Consistency Organization ] (More)
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levinson's theory
Weegy: Levinson's Life Structure Theory Yale psychologist Daniel Levinson (1986) developed a comprehensive theory of adult development. [ Through a series of intensive interviews with men (1978) and women (1987), Levinson proposed a theory based on a series of stages that adults go through as they develop. At the center of his theory is the life structure, the underlying pattern of an individual's life at any particular time. An individual's life structure is shaped by the social and physical environment. Many individuals' life structures primarily involve family and work, although other variables such as religion, race, and economic status are often important. Levinson's four "seasonal cycles" include preadulthood, early adulthood, middle adulthood, and late adulthood. Levinson (1978) originally studied forty adult males between thirty–five and forty–five years of age. Early adulthood is entered when men begin careers and families. ] (More)
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Asked 2/19/2013 7:27:22 PM
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Why is the Levinson's theory important?
Weegy: Daniel Levinson graduated from Yale as a psychologist. He later developed a comprehensive theory of adult development. [ This theory is important because it is one of the only ones which suggests that development and growth happens well into the adult years. ] (More)
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Asked 2/19/2013 7:39:26 PM
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How do you define strategic planning?
Weegy: Strategic planning is an organization's process of defining its strategy, or direction, and making decisions on allocating its resources to pursue this strategy. [ In order to determine the direction of the organization, it is necessary to understand its current position and the possible avenues through which it can pursue a particular course of action. Generally, strategic planning deals with at least one of three key questions:[1] "What do we do?" "For whom do we do it?" "How do we excel?" In many organizations, this is viewed as a process for determining where an organization is going over the next year or—more typically—3 to 5 years (long term), although some extend their vision to 20 years. ] (More)
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Asked 2/19/2013 8:59:22 PM
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What are some differences between strategic and financial planning?
Weegy: 1. Growth vs Survival: 1. A strategic plan is a plan for growth, highlighting the goals and action items that are being selected as the preferred route and emphasis to drive growth. [ It’s like saying, of the 43 different directions the business could go this year, what are the 3 most promising efforts, that if resourced will drive growth? 2. A financial plan is a plan to manage limited resources with priority and ensure survival. If you were a farmer, it would be similar to your water plan. You need to plan to have reserves to meet demands as well as enough daily flow to keep existing production underway. Does the financial plan drive growth? Yes, ultimately, but it’s not the same. One has to survive to grow, but survival isn’t growth. In farming language, securing water is not the same as strategically thinking ahead and predicting where the market is going to go, and deciding which crops to plant, where and when. ] (More)
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Asked 2/19/2013 9:02:23 PM
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