Answer:
E. Detailed procedures and rules, a clearly outlined organizational hierarchy, and impersonal relationships among organization members.
Explanation:
The three primary components that Weber's bureaucracy includes that are far removed from how Elm City Market is run are detailed procedures and rules, a clearly outlined organizational hierarchy, and impersonal relationships among organization members.
According to Max Weber, the bureaucratic organizational form is characterized by six features:
1) Specialization and Division of Labor;
2) <u>Hierarchical</u> Authority Structures;
3) <u>Rules</u> and Regulations;
4) Technical Competence Guidelines;
5) <u>Impersonality</u> and Personal Indifference;
6) A Standard of Formal, Written ...
Capital budgeting is the process in which organizations identify, evaluate, and make selections that require a lot of money to start but have long lasting benefits into the future. In this situation, making sure they can retain customers indefinitely is the ultimate goal so spending the money on capital budgeting and making the most lucrative business choices is important.
Answer:
The present value, when interest rates are 8.0 percent, of a $160 payment made every year forever is $2,000.
Explanation:
Payments each year = Cash flow = C = $160
Rate of Interest = r = 8% = 0.08
Present value of Perpetuity = Cash flow / rate of return
Present value of Perpetuity = C / r
Present value of Perpetuity = $160 / 0.08
Present value of Perpetuity = $2,000
So, the present value, when interest rates are 8.0 percent, of a $160 payment made every year forever is $2,000.
Answer:
Hi
The factors of production are the basic elements to produce goods and services to meet our needs. They can be nature, work and capital, but currently, it considers that there are five productive factors, since the three already mentioned have been added, the human knowledge that is incorporated into the work and technology factor, which is incorporated into the capital.
- Natural resources. They are those that are available in nature and are used as raw material (minerals, trees, plants) or as a source of energy (water, oil, wind) in the production of goods.
- Capital. It is the financial resources, such as money, that must be invested in the production of new goods or services. Material resources are also counted as part of the capital factor, it is the set of material goods created by people and used to produce goods or services.
- Job. Most important productive factor and refers to the physical and intellectual effort developed by people, with the objective of intervening in the productive activity. Its effort, its educational level, its technical training and professionalism, as well as its values are essential for the quality of the production process and the success of a company.
Explanation:
Just take away 8 from both sides so you're left with x=10
