Answer: is option a) Flattened management hierarchies.
Explanation.
The flattened hierarchies allows employee participation or involvement through a decentralized decision making process. The main agenda is that well trained employees will become more productive by direct involvement in decision making process rather than strictly supervised by various layers of management. A flat organization is referred to an organization containing less or no levels of management between workers and management. As in the given case certain number of layers are removed and workers will now directly reporting to the national sale manager instead of regional sales manager so this is clearly referred to flattened management hierarchies.
Answer:
D. Ordinary Income: $20,000 , Guaranteed payment: $30,000
Explanation:
Ordinary Income refers to that part of income which is classified under salaries, wages or net income in case of Partnership. Such income is taxable at ordinary rates.
Net income refers to income arrived at after deduction of all expenses and taxes from profits. In case of partnership, profits and losses are distributed in agreed profit sharing ratio as per the clause in partnership deed.
In the given case,
Net Income before adjusting guaranteed payment to Clover: $90,000
Less: <u>Guaranteed payment to Clover</u>: <u>($30,000)</u>
Ordinary Income/Net Income for all 3 partner's $60,000
Clover's share in ordinary income is one third i.e $20,000
Clover's guaranteed payment $30,000
Based on what you have a degree on, where the company/business is, would you be happy with the amount of money you got, and would you be ok with what you're doing.