1. A company with a wide span of control and a short chain of command is a flat organization.
2. A company with a narrow span of control and a long chain of command is a tall organization.
What is a flat or tall organization?A tall organization is a vertical organization with:
A hierarchical or 'tall' structureMany leaders and layers of managementUses a 'top-down' approachA long chain of commandA narrow span of control A relatively small number of subordinates.A flat organization is a horizontal organization without the features of a tall organization.
Thus, a company with a wide span of control and a short chain of command is a flat organization while a company with a narrow span of control and a long chain of command is a tall organization.
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This is for the Globalization Trend Quick Check. (Economics B, Lighthouse Connections)
1) Which of the following correctly describes globalization?(1 point)
A) Globalization is the increase in income inequality within developed countries.
B) Globalization is the process of decreasing per-unit costs with increasing production.
C) Globalization is the process of integration among individuals, businesses, and governments.
D) Globalization is the increase in the value of knowledge and information within an economy.
2) Which of the following is an example of economies of scale?(1 point)
A) A business increases its production of widgets, and the cost of producing each widget decreases.
B) A business increases its production of widgets, and the total cost of production decreases.
C) A business decreases its production of widgets, and the total cost of production decreases.
D) A business decreases its production of widgets, and the cost of producing each widget decreases.
3) Which of the following explains why many small businesses struggle to compete with larger firms?(1 point)
A)Small businesses are unable to offer the same variety of products that larger firms are able to produce.
B) Small businesses are unable to specialize to the degree that larger firms are able to.
C) Small businesses are unable to provide the kinds of products that consumers want.
D) Small businesses are unable to sell their goods at the higher prices set by larger firms.
4) Which of the following is true of a market economy?(1 point)
A) There are no forms of government control or intervention.
B) It inhibits the influence of free trade and exchange on the free market.
C) There are no countries in the world currently transitioning to a market economy.
D) It opens the country's markets to international importing and exporting.
5) Which of the following is true of the economic transition process from a command economy to a market economy?(1 point)
A) The nation changes its fundamental economic organization and begins to minimize the amount of entirely new free market institutions.
B) The nation will attempt to stabilize its economy by establishing various monetary and fiscal policies, reducing market volatility and stimulating economic growth.
C) Individuals and institutions rely more and more on the instruction of and distribution by other people and organizations.
D) The country's markets become less open to international importing and exporting.
Based on the trends of globalization, the following are true:
C) Globalization is the process of integration among individuals, businesses, and governments.A) A business increases its production of widgets, and the cost of producing each widget decreases.A)Small businesses are unable to offer the same variety of products that larger firms are able to produce.A) There are no forms of government control or intervention.B) The nation will attempt to stabilize its economy by establishing various monetary and fiscal policies, reducing market volatility and stimulating economic growth.What does globalization mean?Globalization refers to the tendency of the world to become increasingly integrated across borders.
This means that individuals, businesses and governments, begin to work together more often in order to increase production and market reach.
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Jetson Manufacturing has manufacturing operations in the United States, Germany, Indonesia, and Brazil. Jetson Manufacturing is an example of a(n)
Jetson Manufacturing carrying out operations in the United States and other countries exemplify an international company.
What is international company?international company serves as those companies that are base on the exportation abd importation of goods in a country.
Therefore, since Jetson Manufacturing are operating in different listed countries, it can be termed as a international company.
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Before someone can move into a new home, a building inspector must see if the structure complies with building codes. If the home does, the municipality or county will issue a
If the home does, the municipality or county will issue a certificate of occupancy.
What is certificate of occupancy?Certificate of occupancy can be defined as a document that is often issued by the government so as to certified that building complies the government building odes.
After the inspector verified that the building complies with building codes this means that the house is suitable for people to occupy and the owner of the building will be issued a certificate of occupancy.
Therefore If the home does, the municipality or county will issue a certificate of occupancy.
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Broadly defined, how many types of customers are there?.
When it comes to customers, there are different types but in a broad measure, there are 4 types of customers.
Which types of customers are there?There are four broad types of customers which include:
Value buyers. Relationship buyers. Price buyers. Mix of value and relationship buyers.As the names imply, buyers are motivated by various things with some being motivated by the relationship they have with the seller, and others being motivated by the price of goods.
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How much should i budget monthly for trajsportation
Answer:
You should say about $500 for transportation
Explanation:
Mr. Johnson is preparing a presentation that includes many pictures from his trip to Spain over Spring Break. He would like the presentation to loop. What does the term "loop" mean in this context?
Use the mouse or pointer to advance to the next slide.
Play over and over without stopping.
Set the motion path and play once.
Play one time and end.
When something is said to be on loop, it means that it Play over and over without stopping.
What does it mean to loop?When a presentation is said to be on a loop, it means that it continues to play over and over without stopping.
This means that Mr. Johnson wants his presentation to keep repeating without stopping until it is stopped by someone.
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2. m&j does not have a formal management approach to managing the employees. some low-level employees
are paid more than higher-level employees because they have been with the company longer; others are given
extra time off without any explanation. employees who are not managers often direct other employees but
won't deal with conflicts because they say it isn't their job. some employees are clearly not motivated to do
what needs to be done to make m&j as successful as it could be. in your response:
M&J need to bring efficiency in the level of their employee management to be able to maintain formal office behavior.
How to make employee management efficient?The management of workforce by way of standardization and classification of pay by class division is one of the ways to do efficient management.
There must be proper management regarding resolving the grievances of employees with respect to their salaries and modes and methods of payment.
Hence, the steps to improve the efficiency of employee management are aforementioned.
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a dealership purchased a four-door sedan
Buyer Ralph didn't like the results of an inspection report. He requested to cancel his contract and demanded his earnest money back. Seller Heather denied his request noting that he was one day past the time that was allotted to cancel the contract. Buyer Ralph claimed Seller Heather was miscounting the dates and both demanded that Broker Smith return the money to each of them. Broker Smith waited 15 days, hoping the situation would resolve, before notifying the FREC of the conflicting demands. How long does Broker Smith have left to implement a settlement procedure
The number of days that the Broker Smith has to implement a settlement procedure is 15 days.
What is a settlement procedure?In the real estate business, the process of settlement has to do with the process of transfer of real estate from the one who is selling to the one buying.
The number of days that the broker has waited is 15 days. This is also the number of days that it would take to implement it.
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Which of the following types of cover letters would assist an applicant in landing a job interview?
a.
Prospecting
b.
Application
c.
Networking
d.
All of the above
Answer:
Explanation:
The answer is D, All of above.
A prospecting cover letter goes together with your resume when applying to a company that may not have recent openings. These letters emphasis on how your skills and experiences match the work environment rather than concentrating on a specific position.
An application cover letter is a document sent with your resume to make available additional material about your skills and experience. It is intended to provide complete information on why you are a competent candidate for the job.
A networking cover letter is is sent throughout your job pursuit to get help from a contact in your industry or career field and to introduce yourself to a possible employer.
Unity of ______ results in an effective organization where activities are focused and individuals and groups have one plan of action to guide managers and workers as they use organizational resources.
An organization where the individuals and groups have one plan of action for providing guidance to their managers and employees is considered the unity of direction.
What is management?Management consists of top head officials who regulate and guide the working of the organization and its workforce.
The unity of direction is one of the principles developed by Henry Fayol. It concerns having only one plan and one head for each and every activity performed by the employees in the organization. This could help in preventing the allocation of the same work to two employees, that is, the dual subordination.
Therefore, the function of unity of direction has been highlighted in the provided question.
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a. Assume that the partners share profits and losses 3:3:2:2, respectively. Fergie retires and is paid $190,000 based on the terms of the original partnership agreement. If the goodwill method is used, what is the capital balance of the remaining three partners
Based on the goodwill method, the capital balances of the three partners will be:
Pineda - $275,000Adams - $235,000Gomez - $170,000What will be the capital balance for the partners?First find the total firm goodwill:
= Goodwill paid to Fergie / Fergie capital share
= (190,000 - 160,000) / ( 2 ÷ (3 + 3 + 2 + 2))
= $150,000
This will be shared to the partners in the ratio, 3:3:2:2:
Pinada gets:
= 230,000 + (150,000 x 3 / (3 + 3 + 2 + 2))
= $275,000
Adams gets:
= 190,000 + (150,000 x 3 / (3 + 3 + 2 + 2))
= $235,000
Gomez gets:
= 140,000 + (150,000 x 2 / (3 + 3 + 2 + 2))
= $170,000
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Jon recently relocated to Canada from Greece. Jon is surprised to see how much emphasis is placed on employee involvement in decision-making in his new workplace. According to Hofstede Value Dimensions, Canada is
Canada has Individualism (IDV) as the very best ranking (80) Hofstede Dimension and is indicative of a society with a greater individualistic mindset and comparatively free bonds with others.
How Hofstede Values can be related to workplaces?According to Hofstede, Canada's rankings are pretty excessive on individualism and indulgence, fairly excessive with recognition of masculinity and uncertainty avoidance, and incredibly low with regards to power distance and long-time period orientation.
Thus, Canada has Individualism (IDV) as the very best ranking (80) Hofstede Dimension and is indicative of a society with a greater individualistic mindset and comparatively free bonds with others.
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Tobin inherited 100 acres of land on the death of his father this year. A Federal estate tax return was filed and the land was valued at $300,000 (its fair market value at the date of the death). Tobin's father originally acquired the land years ago for $19,000 and prior to his death made permanent improvements of $6,000. What is Tobin's basis in the land
The basis of Tobin's land was stepped up or down to the fair market value, and that value was $3,00,000.
What is inherited property?When a death happens in a year, the ground of the property is travelled up or downbound to the fair market value on the day of death if there is an inheritance case.
The process of property to a successor or heirs upon the death of the owner, often known as succession. The term “inheritance” besides refers to the property.
Tobin has inherited a property from his father, that died in the present year, and the sightly market value on the date of death, according to the federal estate tax return, is $3,00,000. Tobin's basis in land is $3,00,000.
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1. Discuss the type of employees for which the application of Scientific Management work best (determine/understand purpose of Scientific Management to determine who it works best for) 2. Explain how to address the problems defined in the video using Scientific Management. 3. Discuss what can be done to fix these problems using Scientific Management.
The type of employees for which the application of Scientific Management Theory will work best are those who work as part of a production line; or those who work in a manufacturing plant.
What is the key purpose of Scientific Management?The key purpose of Scientific Management is to enhance the economic efficiency of the production process, especially the aspect that is related to the productivity of labor.
Hence, it is correct to state that the type of employees for which the application of Scientific Management Theory will work best are those who work as part of a production line; or those who work in a manufacturing plant.
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A creation resulting from study and experimentation is:
a. pattern.
b. replication.
c. precedent.
d. innovation.
Innovation refers to the creation of certain goods or services resulting from study and experimentation. Therefore, Option D is the correct statement.
What is innovation according to you?Innovation is the realistic implementation of thoughts that bring about the creation of new items or offerings or development in supplying items or offerings.
The movement of setting matters into realistic reality regardless of demanding situations and resistance, instead of simply contemplating is called as Innivation.
Therefore, Innovation refers to the creation of certain goods or services resulting from study and experimentation. Option D is the correct statement.
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An IT professional has access to many confidential records through her username and password. She makes sure to change her password frequently to protect this private information. In this scenario, choose the types of ethical behavior being demonstrated. Check all of the boxes that apply.
Do no harm to a company when leaving.
Protect passwords and system access of users.
Be fair and honest with customers.
Protect sensitive information.
The type of ethical behavior that is being demonstrated include:
Protect passwords and system access of users.Protect sensitive information.What is ethics?It should be noted that ethics simply means the principle of knowing what's right from what's wrong.
In this case, the user is protecting passwords and system access of users and protecting sensitive information.
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Answer: B and D
Explanation:
All 2023 leaf s and leaf sv plus ac synchronous drive motor produce ____% torque at 0 mph for impressive off-the-line acceleration and smooth cruising.
All 2021plus ac synchronous drive motors produce 100% torque at 0 mph for impressive off-the-line acceleration and smooth cruising.
What is motor torque?The motor torque refers to the rotation force developed by the crankshaft in a car motor.
The motor torque is a physic unit is associated with the capacity of a car to move in a given acceleration situation.
In conclusion, all 2021plus ac synchronous drive motors produce 100% torque at 0 mph for impressive off-the-line acceleration and smooth cruising.
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When a manager has control over and is accountable for cost, profit or investments of an organization, it is called ________.
Answer:
it's called an responsibility center
explain the benefits of UIF
Answer:
It gives short term relief to workers when they become unemployed or are unable to work because of maternity, adoption, and parental leave or illness. It also provides relief to the dependents of a deceased contributor.
Explanation:
I hope my answer helped u :)
A Lorenz curve refers to a graphic illustration of the cumulative share of population on the ________ and the cumulative percentage of total income received on the ________ .
The Lorenz curve refers to a graphic illustration of the cumulative shares of population on the horizontal axis and the cumulative percentage of total income received on the vertical axis.
What is the Lorenz curve?This is a curve that is used to show the wealth distribution that is evident in a population.
It shows wealth by showing the cumulative percentage of income that is existent in the given population.
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(50 points) What is the combination of what you own, earn, and invest minus the debt you owe on those things called?
wealth
home equity
wage gap
median income
Wealth is the combination of what you own, earn, and invest minus the debt you owe on those things. The appropriate response is option A.
What is Wealth ?The value of all the valuable assets that a person, group of people, business, or nation has is measured as wealth. The entire market worth of all held tangible and intangible assets is calculated, and all debts are then subtracted. Wealth is essentially the accumulation of limited resources.
You get money from it to accomplish your long-term objectives. Even if you are not currently employed or earning, it still provides a reliable source of income. This might be a fantastic method to guarantee financial flexibility and support your loved ones as they continue to live comfortable, abundant, and secure lives.
The appropriate response is option A.
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Your classmate Reggie says, “I don’t believe in this ‘communication style’ stuff. Why would you say things in different ways to different people? That’s dishonest.” Explain to Reggie why being able to alter communication style is important in the business world.
Reggie needs to understand the importance of communication style in our lives. Everyone has a unique style of communication, the way they communicate and share information with others.
What is the importance of different ways of communicating?Communication style can have a big impact good or bad on your ability to lead teams and organizations. Improving the ability to adapt your style to meet your team's needs will help create a positive outcome for the company.
There are four basic types of communication: inactivity, aggression, inaction and aggression. It is important to understand each communication style, and why people use it.
Thus, this is the importance of Communication style.
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Broker Joe has a listing for a distressed seller. He finds a buyer for the property who enters into a contract for purchase. Ten-days prior to closing, the seller calls Joe to share that he has had to file for bankruptcy. This filing may:
In this situation when the seller has filed for bankruptcy then Broker Joe has to terminate the contract. Therefore, Option B is the correct statement.
What do you mean by contract?A legally enforceable agreement that creates, defines, and regulates mutual rights and obligations between its parties is called a contract.
An agreement usually involves the exchange of goods, services, money, or the promise to change any of these at a later date.
Therefore, Option B is the correct statement.
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Assess the executive summary of the business plan. This is the part where the company's mission statement and the purpose of the business will be listed. Make sure that the overview of the company is stated clearly.
ASAP 100 POINTS!!!
The executive summary should be concise, clear, and engaging, and should provide a compelling overview of the company and its goals. It should encourage the reader to want to learn more about the business and to continue reading the full business plan.
The executive summary of a business plan is a brief overview of the entire plan and should include the most important information about the company. It should include the mission statement, purpose of the business, and a clear overview of the company. Here are some tips for writing a clear and effective executive summary:
Start with a strong opening statement that captures the reader's attention and sets the tone for the rest of the summary.
Clearly state the purpose of the business and what products or services it will provide.
Include the mission statement, which is a clear and concise statement that describes the company's purpose, goals, and values.
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The _____ of a firm includes managers who directly supervise nonmanagement employees.
Answer:
it’s called the first line management
Explanation:
it should be a first line management or a group of those people.
Suppose Futurebook Co.'s willingness-to-sell for an e-reader is $50 and the firm has $57 of producer surplus. What is the market price of the tablet
The market price of the tablet is $107.
What is producer surplus?The producers surplus refers to the difference between the producer's willingness to accept a price and the final price received.
The market price is computed as;
= Sales + producer surplus
= $50 + $57
= $107
Hence, the market price of the tablet is $107.
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Assuming that the federal reserve banks sell $40 million in government securities to commercial banks and the reserve ratio is 20 percent, then the effect will be to reduce: group of answer choices
The reserve requirement when the federal reserve banks sell $40 million in government securities to commercial banks is $8 million.
How to calculate the reserve requirement?From the information given, the the federal reserve banks sell $40 million in government securities to commercial banks and the reserve ratio is 20 percent.
Therefore, the reserve requirement will be:
= 20% × $40 million
= $8 million.
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A customer purchases materials for $1200 with payment due in 30 days.
After 20 days $200 worth of the material is returned because it is damaged what amount is entered in the debit column of the customer's ledger file?
A. $1,400
B. $1,000
C. $200
D. $1,200
Based on the explanation below, the amount that will be entered in the debit column of the customer's ledger file is D. $1,200.
Effect of credit sales and sales returns on customer's ledger fileIt should be noted the purchase by the customer is a credit sale to the seller.
In the book of the seller, the $1,200 is entered in the debit column of the customer's ledger file immediately after the customer purchases materials of $1200.
However, since the effect of sales return is to reduce the total amount of sales made to a customer, $200 will be entered in the credit column of the customer's ledger file after the return.
Therefore, $1,200 is entered in the debit column of the customer's ledger file.
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In the long run, if inputs are increased by 10 percent and output increases by 20 percent, then __________ are said to exist. Group of answer choices economies of scale constant returns to scale diseconomies of scale diminishing marginal returns
If the inputs are increased by 10 percent and output increases by 20 percent, then economies of scale are said to exist in the long run. Therefore, Option A is the correct statement.
What do you mean by Economies to scale?In microeconomics, economies of scale are the price benefits that organizations acquire because of their scale of operation and are commonly measured through the quantity of output produced.
Therefore, Option A is the correct statement.
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