An approach to managing organizations that emphasizes the division of labor and favors hierarchy is the classical management approach.
Hierarchy is a system for placing people in different ranks or degrees of importance in society, company, etc. Like most other American companies with strict hierarchies, workers and managers had clear obligations. The lower the level of the pyramid, the more important your needs.
Hierarchy definition is a group of people or things arranged in a hierarchy or people at the top of such a system. An example of a hierarchy is the corporate ladder. An example of a hierarchy is the various levels of priests in the Catholic Church.
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Answer:
I like to go to learn driving everyday. I love driving car and go to mountains. I have a dream to have my own car and then go for long drives near the sea coast.
Explanation:
1. The decision to make is to buy a car to fulfill the hobby.
2. The main objective is to enjoy the favorite activity and pleased by the beauty of mountains and sea.
3. The main constraints are financial constraint. Money is required to buy a car and then fulfill the dream.
Answer:
<h2>The answer, in this case, would be true or option a) given in the answer choices.</h2>
Explanation:
- In any business, an outside director is commonly identified as an individual who is officially not an employee or a shareholder of the company or business enterprise.
- An outside director can board meetings, analyze essential business information and interact and share opinions with the shareholders regarding company decisions and operational modes.
- The outside director is also eligible to receive certain financial benefits such a periodic annual fee and other stock/bond investment options.
Answer:higher real interest rate discourages current consumption and higher real interest rate encourages more saving.
Explanation:The supply curve is a graphic representation of the correlation between the cost of a good or service and the quantity supplied for a given period. In a typical illustration, the price will appear on the left vertical axis, while the quantity supplied will appear on the horizontal axis.
Our measure of credit demand is an indicator variable for a firm's need for bank loans decreasing during the period. We measure credit supply using information on whether a firm's loan application was rejected, or the firm received less than 75% of its desired amount.
Credit supply curve is a curve that plots the quantity of credit supplied at different real interest rates.
Answer:
Allworld Insurance
1. Mission Statement
2. Tactical
3. Strategic
4. Operational
Explanation:
(A) Tactical plans include specific actions to enable the achievement of company-wide strategies.
(B) Mission statement describes the goal of an entity. For example, a mission statement can describe an entity as renowned for its efficiency and cost reduction for its customers.
(C) Operational plans cover daily and routine activities at the individual level of the organization.
(D) Strategic plans embrace the whole organization and establishes how organizational goals will be achieved.
