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nirvana33 [79]
1 year ago
15

the fundamental purpose of an organization's mission statement is to: a. define the operational structure of the organization. b

. generate good public relations for the organization. c. define the organization's purpose in society. d. define the functional areas required by the organization.
Business
1 answer:
mr Goodwill [35]1 year ago
6 0

The primary goal of an organization's mission statement is to outline the role that the organization plays in society.

The mission statement of an organization is a succinct statement that explains its purpose for being and doing what it does in society. Along with organization describing the organization's major clients, the products they want to sell, and other information, it also discusses the organization's objectives.

In this form of organizational structure, every employee is given two superiors in two different tiers. A "functional" hierarchy guarantees that each sort of expert in a company is well-trained and evaluated by a society supervisor who is a super-expert in the same field. The opposing organization strategy is "executive," which uses specialists to execute projects. Projects may be arranged according to regional areas, customer kinds, or other criteria.

The term "formal organization" refers to a group that has been created with the intention of achieving specific goals. Its design explains how society objectives are separated into constituent parts of the organization. This organizational structure is made up of divisions, departments, roles, jobs, and duties.  So, when it comes to interactions with clients or members, the official organization is expected to act impersonally.

Learn more about organization here

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A company has calculated its running sum of forecast errors to be 500 and its mean absolute deviation is exactly 35. Which of th
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Answer:

correct option is here B. About 14.3

Explanation:

given data

running sum of forecast errors RSFE = 500

mean absolute deviation MAD = 35

solution

we get here tracking signal that is express here as

tracking signal = \frac{RSFE}{MAD}     .................................1

put here value and we will get tracking signal

tracking signal = \frac{500}{35}

tracking signal = 14.3

so correct option is here B. About 14.3

4 0
3 years ago
Which of the following statements is NOT true regarding​ forecasting? A. Forecasting may involve taking historical data and proj
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Answer: Forecasting is exclusively an objective prediction.

Explanation: In simple words, the process of predicting any future event by analyzing the past data is called the forecasting. The factors that an analyst takes from the past could be both qualitative and quantitative.

     The forecasting process is done for a specified period and not for infinity. In other words, it is the study of trends and predicting how these trends could change in the future.

Hence from the above we can conclude that the correct option is B.

6 0
3 years ago
Billy opens a bicycle shop that sells an innovative new kind of bicycle. He decides to call the bicycles Bicycles. Billy extensi
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Answer:

Option B is correct because the first thing is we can not register it as trademark because the requirement to register trademark is:

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In this case the word bicycle is not distinctive. The word distinctive in law means that the item must be different from something else either in nature or type.

Option A is incorrect as the word bicycle is not distinctive, so it can not be registered. And if it can not be registered then it can not be protected against trademark infringement.

Option C is also incorrect as this word does not meets the requirements of trademark registration.

Option D is also incorrect because certification mark are logos of products to make the quality or nature of product clear.

5 0
3 years ago
the interest rate that determines the amount of cash interest paid each interest date is referred to as the
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Answer:

Stated interest rate

Explanation:

The stated interest rate is the rate of interest in which the value of the cash interest that has to paid on each date of interest

The value of the cash interest paid could be determined by applying the following formula

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Therefore as per the given situation, the stated interest rate is the answer and the same is to be considered

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When the firms in the industry are just able to cover their cost of production, economic profit is zero. Therefore, if demand fa
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Answer:false

Explanation:

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