Answer:
c. Decentralized
Explanation:
The very definition of a decentrilized organization is one in which management spreads authority. This means that important decisions do not only fall within the jurisdiction of top-management, but can also be taken by middle or lower management, and in some cases, even non-managerial workers.
This can help make the day-to-day operation of the firm easier because there are less bottlenecks, or authority conflicts.
Answer:
Distinctive competence
Explanation:
Distinctive ability relates to a certain market trait which it does differently than its rivals. Since the company can do more than most other companies, it has a competitive edge over all other companies.
An organization's competitors cannot imitate this competence (at least in the short term), allowing an organization to gain an advantage over others. An organization must protect its distinctive competence to retain its competitive edge.
Thus, from the above we can conclude that the given case illustrates distinctive competence.
Answer:
The correct answer is letter "A": True.
Explanation:
The production run represents the number of units a company can produce during its production line. In some cases, the expected production line cannot be covered by one shift of employees. Then, the company allows overtime or implements a second shift to fulfill its objective.
Answer:
true
Explanation:
Services are different than products because they:
- products can be stored for future use while services perish immediately after being performed or if they are not consumed, e.g. unsold spaces in a theater cannot be stored for later use ⇒ Perishability
- products are tangible, while services cannot be measured, weighted, etc. ⇒ Intangibility
- products can be mass produced and can be homogeneous, while services are unique because every time they are consumed, the experience varies depending on the conditions and circumstances that surround it ⇒ Heterogeneity
- You can own and transfer the title of a product, while you cannot transfer the title of services, e.g. you rent the room of a hotel for a night but that doesn't make you owner of the room ⇒ Ownership
- Products are independent and separate from the people or machines that produce them, while services cannot be separated from the people or things that provide them ⇒ Inseparability
Answer:
Compound interest; interest.
Explanation:
Compound interest can be defined as the interest that the bank pays you on the principal plus on the interest that you earned the preceding year. Thus, it is simply calculated by adding an interest to the initial principal i.e compounding the interest rather than withdrawal.
Mathematically, compound interest is given by the formula;
Where;
A is the future value.
P is the principal or starting amount.
r is annual interest rate.
n is the number of times the interest is compounded in a year.
t is the number of years for the compound interest.
