Define organizational structures? And explain types of organizational structures?

Answers

Answer 1

Answer:

Four main types of structures of the organization are:

Functional Divisional Matrix Flat

Explanation:

Functional Structure

This structure consists of employees performing similar tasks or specialties. For example, in the finance department, accountants are grouped and the same applies to marketing departments, operations, and human resources. This structure enables swift decision-making because the group members have similar skills, can communicate easily, and can also improve their ability by learning from each other.

Divisional Structure

This structure groups employees according to the products or projects that meet customer requirements of a certain type. For instance, a catering services restaurant could organize the employees by departments, e.g. weddings or wholesale retail departments, according to which they serve. Employees are split so that their performance is maximized.

Flat Structure

The traditional top-down management system is impeded by a flat organizational structure. There is no concept of the boss, every employee is the boss, which removes bureaucracy and improves direct contact. For example, an employee with an innovative idea or suggestion need not contact every level of senior management to give the person responsible for the idea. The staff can directly communicate on an individual basis.

Matrix Structure

A matrix structure has a complex story true as it combines elements from both the functional and the divisional models. It first divides employees according to their specialization, then further separates them into departments according to projects and products. To make this structure a lot of planning and efforts are required but one e achieved increases the productivity of the team, promotes innovation and creativity, and good decision making.

Related Questions

Identify whether a debit or credit results in the indicated change for each of the following accounts.

a. To increase Land
b. To decrease Cash
c. To increase Fees Earned (Revenues)
d. To increase Office Expense
e. To decrease Unearned Revenue
f. To decrease Prepaid Rent
g. To increase Notes Payable
h. To decrease Accounts Receivable
i. To increase Common Stock
j. To increase Store Equipment

Answers

Answer:

a. To increase Land - Debit

b. To decrease Cash - Credit

c. To increase Fees Earned (Revenues) - Credit

d. To increase Office Expense - Debit

e. To decrease Unearned Revenue - Debit

f. To decrease Prepaid Rent - Credit

g. To increase Notes Payable - Credit

h. To decrease Accounts Receivable - Credit

i. To increase Common Stock - Credit

j. To increase Store Equipment - Debit

Explanation:

Debit gives details of spending, sum owed , amount to balance which is usually recorded to the left side of an account entry book while credit gives the details of income, amount earned or made on sale, spending cut and revenue and is usually placed to the right hand column of an account entry.

The Federal Arbitration Act (FAA) allows for arbitration clauses in employment contracts. False True

Answers

Answer:

True

Explanation:

It is TRUE that the Federal Arbitration Act (FAA) allows for arbitration clauses in employment contracts.

The above statement is echoed in the Epic Systems Corp. v. Lewis on May 21, 2018, where the Supreme Court gave its ruling that the FAA is totally enforceable in the individual arbitration agreements contracts.

Similarly, in the case of American Express Co. v. Italian Colors Restaurant, the court ruled that necessary arbitration clauses are legal.

The difference between new classical theory and new Keynesian theory is that Question 2 options: in new classical theory wages are assumed to be flexible, and in new Keynesian theory wages are assumed to be somewhat inflexible.

Answers

Group of answer choices.

A. in new classical theory wages are assumed to be flexible, and in new Keynesian theory wages are assumed to be somewhat inflexible.

B. in new classical theory wages are assumed to be somewhat inflexible, and in new Keynesian theory wages are assumed to be flexible.

C. adaptive expectations is the dominant expectations theory in new classical theory, and rational expectations is the dominant expectations theory in new Keynesian theory.

D. in new Keynesian theory the short-run aggregate supply curve is vertical, and in new classical theory the short-run aggregate supply curve is upward sloping.

Answer:

A. in new classical theory wages are assumed to be flexible, and in new Keynesian theory wages are assumed to be somewhat inflexible.

Explanation:

The new classical theory (neoclassical view) posits that long-term expansion of potential Gross Domestic Products (GDP) due to economic growth will determine the size of a country's economy but the economy cannot sustain production above its potential Gross Domestic Products (GDP) in the long run.

John Maynard Keynes was a British economist born on the 5th of June, 1883 in Cambridge, England. He was famous for his brilliant ideas on government economic policy and macroeconomics which is known as the Keynesian theory. He later died on the 23rd of April, 1946 in Sussex, England.

According to the new Keynesian theory, government spending or expenditures should be increased and taxes should be lowered when faced with a recession, in order to create employment and boost the buying power of consumers.

Hence, the difference between the new classical theory (neoclassical view) and new Keynesian theory is that, in new classical theory wages are assumed to be flexible by economists while in new Keynesian theory wages are assumed to be somewhat inflexible.

Why do accountants not keep all the accounts at their proper balances continuously throughout the period so that adjusting entries would not have to be made before financial statements are prepared

Answers

Answer:

The transactions are recorded when they incur and then there may be some changes in those transaction later on, they all are adjusted at month end with adjusting entries.

Explanation:

It is not possible for an accountant to continuously keep updating every transaction. They all are recorded at inception and then any changes made in those transactions are adjusted at the month end. All balance are reconciled and verified. There can be events which lead to changes to the transaction after the reporting date then these events are considered as events after reporting period and they are treated differently according to guidelines specified in IAS 10.

Which strategies is suggested to help build strong interpersonal business relationships?

Answers

Answer and Explanation:

Gain trust: Business relationship is sealed with trust. If you are able to make a business partner trust you, you are sure to keep doing business with them. Do not try to take advantage of them and be sure they ate not thinking in that direction.

Show interest in people: keeping up with people and always showing that you actually care, and want to assist in any way you can is a sure way to seal a client for life. Be family.

Work hard: you can not build business relationships if you are not a person that delivers. It doesn't matter if you are a nice person that always cares, if you cannot bring results and be trusted to deliver you cannot have any useful business relationship. This is the most important strategy.

Networking: networking is a popular form of building business relationships. Formal occasions, conferences, informal hangout spots, the gym are all places where you can meet new people and start a business relationship.

1. Deirdre has one hour this afternoon in which she can either practice the piano for the upcoming school concert, work at
the library for $7 per hour, or babysit her neighbor's son for $10 per hour. Deirdre chooses to practice the piano, but
if she hadn't chosen to practice the piano, she would have chosen to babysit over working at the library. What is the
opportunity cost of Deirdre's decisions
A. The value gained from practicing the piano for an hour.
B. The value of babysitting her neighbor's son for an hour.
C. The value of working at the library for an hour.
D. The value of babysitting her neighbor's son and working at the library for an hour.

Answers

Answer:

The correct answer is B) The value of taking care of her neighbours son for 60 minutes.

Explanation:

Opportunity Cost belongs more in the parlance of microeconomics and is used to describe the idea that one cannot have everything all the time. There are alternative ends competing for limited means. In order words, when we decide to take a course of action, in the hope of achieving a thing or getting a reward, there is always another benefit forgone.

So knowing that there is an opportunity that was foregone helps the microeconomist to think carefully about what they want to achieve using the limited resources at their disposal.

Further simplified, if I have $5 dollars to spend, and that amount can purchase either a cupcake or a cup of ice cream, the one I chose to buy becomes the opportunity taken, whilst the alternative forgone is the opportunity cost.

Therefore, the cost of an item is not just the amount of money for which it was purchased, but all other alternatives with which the same amount could have been purchased.

In the question above, Deidre would have chosen to babysit her neighbor's son. That to her is the next best use of her time, and therefore the opportunity cost. According to the question, she wouldn't have worked in the library even if she had nothing else to do. Hence, that does not pass as opportunity cost.

Opportunity cost must be an alternative choice and is very subjective.

Cheers!

A more efficient means of processing algae to produce an anticancer drug is discovered. As a result, the supply curve for the drug will: __________

a. shift to the right, increasing the price of the drug.
b. shift to the left, increasing the price of the drug.
c. shift to the right, decreasing the price of the drug
d. shift to the left, decreasing the price of the drug.

Answers

Answer:

Explanation:

As a result of an increase in efficiency in production, there would be an increase in supply. As a result, there would be an outward shift of the supply curve. When the supply curve shifts outward, supply increases and prices of drugs fall.

On the other hand, if there is an inward shift of the supply curve, the supply of drugs would fall and the price of drugs would increase

Please check the attached image showing a graph of a decrease in supply

Sam and Sally Green have a standard homeowners policy with no endorsements. The dwelling is insured for its full value. Indicate whether or not each of the following losses is covered and under what coverage. Specify why each loss is covered or not covered.

a. The Green's valuable dog is stolen from their back yard.
b. Sally takes off her wedding ring in a public restroom to wash her hands. She accidentally leaves the ring behind.
c. While the Green's are vacationing in Europe, their hotel room is robbed. The thief gets away with jewels and cash.
d. While practicing his chip shot in the yard, Sam accidentally sends a golf ball crashing through the dining room window.

Answers

Answer:

a. Not covered

b. Not covered

c. Covered

d. Covered

Explanation:

Sam and Sally have standard homeowner policy. There are no endorsements to the policy. The standard policy will cover the house damage due to accident or some other reasons unintentionally. When dog is stolen this is not covered in the policy as there is no endorsement for the dog security insurance in the policy. Sally has left her ring due to her carelessness and thus this is also not covered in the policy. When Sam accidentally breaks dining room window this will be covered in the basic policy.

Given that inflation in the U.S. is projected at 2% annually for the next 5 years and at 8% annually in India for the same time period, and Rupee/Dollar spot rate (R/$) is currently equal to 73.2115, obtain the exact relative PPP value of the spot rate (R/$) five years from now. Group of answer choices 97.4310 69.1442 55.0125 79.4310 77.5181

Answers

Answer:

97.4310

Explanation:

Forward rate = Spot rate * (1 + Rate of inflation in India)/(1 + Rate of inflation in US)

Spot rate in 5 years = 73.2115 * (1+0.08)^5/(1+0.02)^5

Spot rate in 5 years = 73.2115 * (1.08)^5/(1.02)^5

Spot rate in 5 years = 73.2115 * (1.4693281/1.104081)

Spot rate in 5 years = 73.2115 * 1.330815493

Spot rate in 5 years = 97.4309984657695

Spot rate in 5 years = 97.4310

Helppppppp pleaseeee

Answers

Answer:

Explanation:

I think but i may be wrong

Identify the organizational method/pattern used in each of the following sets of main points.

a. Fraudulent charity fund-raising is a widespread national problem.
b.The problem can be solved by a combination of government regulation and individual awareness.
c. At the top of the rainforest is the emergent layer, where trees can be 200 feet tall.
d. Below the emergent layer is the canopy, where vegetation is so dense that it filters out 80 percent of the sunlight.
e. Beneath the canopy is the understory, where trees are less than 12 feet tall and grow large leaves to collect the small amount of sunlight.
f. At the bottom is the forest floor, where there are almost no plants because of the lack of sunlight.
g. Sonia Sotomayor is best known as the first Hispanic justice of the U.S. Supreme Court.

Answers

Correct question options:

1 I.Fraudulent charity fund-raising is a widespread national problem.

II.The problem can be solved by a combination of government regulation and individual awareness.

2 I.At the top of the rainforest is the emergent layer, where trees can be 200 feet tall.

II.Below the emergent layer is the canopy, where vegetation is so dense that it filters out 80 percent of the sunlight.

III.Beneath the canopy is the understory, where trees are less than 12 feet tall and grow large leaves to collect the small amount of sunlight.

IV.At the bottom is the forest floor, where there are almost no plants because of the lack of sunlight.

3 I.Sonia Sotomayor is best known as the first Hispanic justice of the U.S. Supreme Court.

II.Sonia Sotomayor is also an accomplished communicator who has given hundreds of public speeches.

Answer:

1. Problem-solution pattern

2. Compare and Contrast

3. Sequence

Explanation:

Organizational models or structures are the various ways writers organize their ideas in their work in order to enable the reader better understand the write-up. Organizational models may depend on the type of essay or story being written. Example, an autobiography usually follows a sequence type of pattern. An article could also follow a problem-solution pattern as in the first example above.

Jennifer is saving up for the closing costs ($4250) and down payment on a home. For a better interest rate and savings on mortgage insurance, she must have a down payment of 10%. She can afford a monthly payment of $900 based on her current earnings and expenses. The amount available for the mortgage is reduced by an estimated $175 per month to cover home insurance and real estate taxes. The current nominal annual interest rate is 3% for a 30-year fixed-rate mortgage loan. How much of a loan can she afford

Answers

Answer:

The amount of Loan Jennifer can afford is $171,962.30.

Explanation:

This can be calculated using the formula for calculating the present value of an ordinary annuity as follows:

PV = P * ((1 - (1 / (1 + r))^n) / r) …………………………………. (1)

Where;

PV = Present value or the amount of Loan Jennifer can afford =?

P = Monthly payment for the mortgage = Monthly amount she can afford - Estimated monthly home insurance and real estate taxes = $900 - $175 = $725

r = Monthly nominal interest rate = Annual nominal interest / 12 = 3% / 12 = 0.03 / 12 = 0.0025

n = number of months = Number of years * 12 = 30 * 12 = 360

Substitute the values into equation (1) to have:

PV = $725 * ((1 - (1 / (1 + 0.0025))^360) / 0.0025)

PV = $725 * 237.189381504283

PV = $171,962.30

Therefore, the amount of Loan Jennifer can afford is $171,962.30.

How could a strategy plan be used by a local restaurant chain

Answers

Explanation:

A strategic plan for a restaurant should involve decisions regarding advertising and how customers view the restaurant from the outside. Your advertising strategy should address your customers in a way that is geared toward your primary demographic.

You are stowing items and come across an aerosol bottle of hairspray. What

should you do? Please choose all that apply.

Answers

Question Completion with Options:

o Stow the hairspray

o Raise an Andon

o Remove it and secure it with bubble wrap

o Place a Flammable sticker on the bottle

Answer:

What to do:

o Stow the hairspray

Explanation:

Stowing means the arrangement or placement of items, especially in a neat, compact way to enable easy retrieval when required. Therefore, you should continue what you have started by arranging the bottle of hairspray where it belongs in the appropriate packing space. Stowing ensures that items are properly arranged and put in their proper places or conditions when they are not in use.

1.8 Advise businesses on FIVE ways in which professional, responsible, ethical and
effective business practice should be conducted.

Answers

Answer:

Explanation:

There are various ways in which professional, responsible, ethical and

effective business practice should be conducted. Five of them are:

1. Payment of fair wages and salaries to employees

2. Equal treatment among workers

3. Accountability and responsibility on business decisions made from top to bottom or managers to workers

4. Provision of quality goods and services to the masses

5. Transparency, including adequate internal controls, monitoring, and evaluation.

Vacation Inns of America (VIA) has recently announced intentions to build a new hotel/resort complex in Myrtle Beach, South Carolina. Assume that the hotel/resort market in Myrtle Beach is characterized by monopolistic competition. As a result of the new VIA hotel/resort, tourists who stay in Myrtle Beach are likely to experience a :__________

a. a product-variety externality, which harms consumers.
b. product-variety externality, which benefits consumers.
c. business-stealing externality, which harms consumers.
d. business-stealing externality, which benefits consumers.

Answers

Answer:

Explanation:

A monopolistic competition is when there are many firms selling differentiated products in an industry. A monopolistic competition has characteristics of both a monopoly and a perfect competition. the demand curve is downward sloping. it sets the price for its goods and services.

An example of monopolistic competition are restaurants

When firms are earning positive economic profit, in the long run, firms enter into the industry. This drives economic profit to zero

If firms are earning negative economic profit, in the long run, firms leave the industry. This drives economic profit to zero

in the long run, only normal profit is earned

The product-variety externality: When new firms enter into an industry, competition drives price down. This increases consumer surplus. As a result, entry of firms into an industry results in a positive externality on consumers.

The business-stealing externality: When a new firm enters into an industry, existing firms lose customers and profits fall. As a result, entry of a new firm results in a negative externality on existing firms.

What is the expected constant growth rate of dividends for a stock currently priced at Php 50, that is expected to pay a dividend of Php 5 next year, and has a required return of 20%?

Answers

Answer: 10%

Explanation:

Using the Gordon Growth Model, the price of a stock can be calculated as follows:

Price = Next dividend / (Required return - growth rate)

Notice that we are provided with all the figures in the formula above except the growth rate so we can calculate the growth rate with these figures:

50 = 5 / (20% - growth rate)

50 * (20% - growth rate) = 5

20% - growth rate = 5 / 50

-growth rate = 10% - 20%

-Growth rate / -1 = -10% / -1

Growth rate = 10%

Margaret has a portfolio consisting of a risk-free asset and a stock with a beta of 1.5. If she wishes to lower the overall beta of her portfolio Margaret could _____ the portfolio weight of the risk-free asset and _____ the portfolio weight of the stock.
A) increase; increase
B) increase; decrease
C) decrease; increase
D) decrease; decrease
E) increase; not change

Answers

Answer:

Explanation:

Beta measures systemic risk

Systemic risk are risk that are inherent in the economy. They cannot be diversified away. They are also known as market risk. examples of this risk include recession, inflation, and high interest rates.

The higher beta is, the higher the systemic risk and the higher the compensation demanded for by investors

the beta of a risk free asset is 1

If she wants to decrease the beta of her portfolio, she would want to decrease the riskiness of her portfolio. to do this, she should increase the weight of the risk-free asset and decrease the weight of the risky asset (stock)

Using an order of magnitude analysis, estimate the total textbook expenditures incurred by all engineering majors at National University per year

Answers

Answer:

The total textbook expenditure would amount to $175,000 per year

Explanation:

National University is providing text books free of cost to all the engineering students to encourage professional studies. Very few students are pursuing engineering studies. For this purpose university management has decided to give free of cost books to students who select engineering majors. The total expenditure would be:

Cost of Printing Books $110,000

Transportation of the Books to different Campuses $25,000

Distribution Campaign Expense $40,000

Total expenditure amounts to $175,000

Instead of investing a lump of sum of $25000,Brittany Royer decides to svae the money in a vault for 2years. Assuming the inflation being 2.5%per year,how much will her purchasing power decline in 2years

Answers

Answer:

$1265.63

Explanation:

Inflation is a persistent rise in the general price levels

Types of inflation

1. demand pull inflation – this occurs when demand exceeds supply. When demand exceeds supply, prices rise

2. cost push inflation – this occurs when the cost of production increases. This leads to a reduction in supply. Higher prices are the resultant effect

Loss in purchasing value = future value of the amount saved - amount saved

The formula for calculating future value:

FV = P (1 + r)^n

FV = Future value

P = Present value

R = interest rate

N = number of years

$25000 (1.025)² = $26.265.625

Amount lost = $26.265.625 - $25,000 = $1265.63

actor Co. can produce a unit of product for the following costs: Direct material $ 8.60 Direct labor 24.60 Overhead 43.00 Total product cost per unit $ 76.20 An outside supplier offers to provide Factor with all the units it needs at $48.40 per unit. If Factor buys from the supplier, the company will still incur 60% of its overhead. Factor should choose to:

Answers

Answer:

Relevant cost to make = Direct materials + Direct labor + Variable overhead

Relevant cost to make = $8.60 + $24.60 + $43.00 (1-60%)

Relevant cost to make = $8.60 + $24.60 + $17.20

Relevant cost to make = $50.40

Outside supplier cost ($48.40) < Relevant cost to make ($50.40). So, Factor should choose to buy because the relevent cost is less than outside supplier cost.

Your company will generate $60,000 in annual revenue each year for the next seven years from a new information database. If the appropriate interest rate is 8.50 percent, what is the present value of the savings? (Do not round intermediate calculations and round your final answer to 2 decimal places, e.g., 32.16.)Present value

Answers

Answer:

The answer is "[tex]\$307,110.81[/tex]"

Explanation:

Following are the calculation for the present value of the saving:

Present value[tex]= c\times \frac{1-[\frac{1}{(1+r)^t}]}{r}\\\\[/tex]

[tex]=\$60,000 \times \frac{1-[\frac{1}{(1+8.5\%)^7}]}{8.5\%}\\\\=\$60,000 \times 5.118514\\\\= \$307,110.81\\\\[/tex]

therefore, the present value of the savings is [tex]\$307,110.81[/tex]

At the beginning of 2004, the Alaska Corporation had 2 million shares of common stock outstanding and no preferred stock. At the end of August, 2004, Alaska issued 600,000 new shares of common stock. If Alaska reported net income equal to $8.8 million, what was the firm's earnings per share for 2004

Answers

Answer:

Explanation:

Earning per share (EPS) refers to earnings available to common shareholders which is divided by the weighted average number of common shares outstanding.

The weighted average number of shares outstanding equals the original 2 million shares plus 4/12 of the additional 600,000 shares.

The 4/12 weight is used because the new shares were only outstanding 4 months of the year.

Hence,

EPS = $8.8 million / [2 million + (4/12)(600,000)

EPS = $8.8 / $2.2

EPS = $4

The following is a comprehensive problem which encompasses all of the elements learned in previous chapters. You can refer to the objectives for each chapter covered as a review of the concepts.
Note: You must complete part 1 before completing part 2.
Based on the following data, prepare a bank reconciliation for December of the current year:
a. Balance according to the bank statement at December 31, $283,000.
b. Balance according to the ledger at December 31, $245,410.
c. Checks outstanding at December 31, $68,540.
d. Deposit in transit, not recorded by bank, $29,500.
e. Bank debit memo for service charges, $750.
f. A check for $12,700 in payment of an invoice was incorrectly recorded in the accounts as $12,000.
Enter all amounts as positive numbers.
Kornett Company
Bank Reconciliation
December 31, 2014
Subtotal
Adjusted Balance
Deduct
Adjusted Balance

Answers

Answer:

Balance as per bank statement $243,960

Balance as per ledger $243,960

Explanation:

Preparation of a bank reconciliation for December of the current year

KORNETT COMPANY Bank Reconciliation

December 31, 2014

Balance as per bank statement at December 31 $283,000

Add deposit in transit $29,500

Less check outstanding ($68,540)

Adjusted balance $243,960

Balance as per ledger at December 31 $245,410

Less bank service charges ($750)

Less Error in recording in check ($700)

($12,700-$12,000)

Adjusted balance $243,960

Therefore bank reconciliation for December of the current year will be :

Balance as per bank statement $243,960

Balance as per ledger $243,960

The types of management skills

Answers

Answer:

Technical Skills Technical skills involve skills that give the managers the ability and the knowledge to use a variety of techniques to achieve their objectives. ...