A management professor discovers a way for corporate management to operate more efficiently. He publishes his findings in a journal. His findings are common, but not proprietary, knowledge. Corporate management is a crucial component of running a business. It outlines the hierarchy of leadership positions.
The procedure for employees to follow when reporting to their superiors, and the method for rewarding employees for their efforts. Your team can thrive by comprehending corporate management and its function within a business or organization. In this article, we go through the definition and many forms of corporate management.
The stages involved in formulating a plan and advice for developing your own management style. Planning, directing, coordinating, and controlling a company's operations are all part of corporate management.
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The variable cost is calculated as -
Sales - Variable cost = Contribution Margin
Given, Contribution Margin = 25 %
Variable cost = 1 - Contribution Margin = 1 - 25 % = 75 %
25 % of Sales = Contribution Margin = $ 400,000
Sales = $ 400,000 ÷ 25 %
Sales = $ 1,600,000
Variable costs = 75% of Sales = 75 % × $ 1,600,000 = $ 1,200,000
Answer:
The compliance officers is to provide an inspection warrant before entering the work site.
Explanation:
OSHA is an abbreviation for Occupational Safety and Health Administration. This are compliance safety and health officers inspectors committed to strong, fair, and effective enforcement of safety and health requirements in the workplace at every time. They are trained, experienced and backed by law to ensure industrial hygienists, safety, compliance with OSHA requirements and help employers and workers reduce on-the-job hazards and prevent injuries, illnesses, and deaths in the workplace.
OSHA conducts inspections without advance notice and employers have the right to ask the compliance officers to provide an inspection warrant before entering the worksite.
Individuals, corporations, and economies specialize because the opportunity cost of producing goods and services differs from country to country, business to business, and individual to individual.
Persons, Corporations, and Economies are bound to specialize in the production of goods and or services in which they hold a stronger comparative advantage than their competition.
<h3>What is comparative advantage?</h3>
This is defined as the ability of an individual, corporate entity, or national to perform an economic activity more efficiently or at a lower (opportunity cost) than the other.
Examples of economic activities are:
- Resource management
- production of services and goods
- distribution of services and goods
- consumption of services and goods
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