Angelica Canizales is the CEO of Mucho Dinero Enterprises. Sales have declined for four consecutive years and the firm's account
ants have reported net losses in each of the last two years. Employees appear demoralized and frustrated. Recently, Angelica met with managers from marketing, production, and finance to listen to their views regarding the company's problems. The managers unanimously agreed that the main problem was a lack of communication among the several functional areas of the business. Each manager felt that the firm could increase quality and customer satisfaction with better interdenartmental communication. Angelica also met with marketing and production employees to get their respective opinions on the problems of the firm ne· ployee from the production department observed, "We have so many layers of management that it takes forever to make decisions." An employee from marketing complained, "This place is so bogged down with rules and regulations that there is no opportunity to be creative. Several employees their opinions regarding their bosses. Specifically, one employee said, "My boss never pays attention to my ideas. He just issues orders and expects me to shared and also suppliers and customers, that the only way to end obey them. Angelica decided, after listening to many comments from managers and employees Mucho Dinero's slide was to completely rethink the firm's structure and to make radical changes in its organization, She presented her ideas to the board of directors, promising to voluntarily resign if her efforts to reorganize did not return the firm to profitability From her discussions with employees, Angelica learned quickly that production workers at their trust in 20-year veteran you wanted something done, Willie was the person to see. Willie appears to be an important part of the:________ a) functional structure. b) decentralized authority. c) span of control. d) informal Organization
Willie appears to be an important part of the informal Organization
Explanation:
The informal organization comes from thepurposeful development of a system of interactions. Willie has little influence in the formal association, but love for him in the department of development makes it very important for him to engage in the informal organisation.
The primary role of informal organizations is essentially to preserve people's values and beliefs. If you can socially associate yourself, you always feel a sense of cohesion. As a result, an informal organization has another function that will provide members with social satisfaction.
The main purpose of project plans is to guide project execution from start to finish. Project plans are formal, approved documents that is put together that details the processes, steps, resources, etc that is needed to bring a project to life. Project plans is also useful for project control.
Since Balsco's balance sheet shows total assets of $238,000 and total liabilities of $107,000, it means that equity should be $131,000.
The current price of Balsco's stock is $11 per share and total shares outstanding are 55,000, which results in a total market value of $605,000. If you subtract total equity from the total market value = $605,000 - $131,000 = $474,000