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Ad libitum [116K]
3 years ago
11

Within its human resource​ department, hoosier enterprises has a vice president of human​ resources, a director of human​ resour

ces, a labor relations​ manager, assistant managers of human​ resources, a manager of​ compensation, an employee benefits​ manager, human relations​ supervisors, and team leaders for training and employee development. this hierarchy would suggest that hoosier enterprises has​ a(n) _______ organization.
Business
2 answers:
Tema [17]3 years ago
7 0

Answer:

Hoosier Enterprises has a Tall Organizational Structure.

Explanation:

A tall organizational structure is an organization with tall hierarchy or many layers of structural levels. This type of structure is present in complex and large organizations. As we can see the example here, The Human Resource Department of Hoosier Enterprises has a tall structure having a Vice President, a Director, Labor Relations Manager, Assistant Managers of Human Resource, Manager of Compensation, an Employee Benefit Manager, Human Relations Supervisors and team leaders. This is a tall organizational structure that is prevailing in Hoosier Enterprises.

aleksley [76]3 years ago
5 0
Hoosier enterprises hierarchy in which there are many managers (<span>vice president of human​ resources, a director of human​ resources, a labor relations​ manager, assistant managers of human​ resources, a manager of​ compensation, an employee benefits​ manager,...) </span>suggest that Hoosier enterprises has​ a tall  organization. This type of organization has many levels of hierarchy, many managers, and each manager has a small span of control.
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3 years ago
You want to be a millionaire when you retire in 40 years. a. How much do you have to save each month if you can earn an annual r
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Answer:

The answers are:

a. 1866.79

b. 2489.05

c. 3733.57

Explanation:

a. Let us begin by calculating the total amount to be saved each year.

Let the total amount to be saved each year be "m"

annual return = 11.6% of m = 11.6 ÷ 100 = 0.116 of m

Therefore to be a millionaire in 40 years, the total amount saved for the year + the annual return on that amount when multiplied by 40 will yield 1 million. It is represented thus:

(0.116m + m) × 40 = 1,000,000

= (1.116m) × 40 = 1,000,000

44.64m = 1,000,000

∴ m = 1,000,000 ÷ 44.64 = 22401.433691756

therefore amount to be saved for a year = 22401.433691756

to calculate amount to be saved each month we divide this amount by 12, because 12 calendar months make one year. Hence;

amount to be saved each month = 22401.433691756 ÷ 12 = 1866.79 (to 2 decimal places).

b. If you wait 10 years, then you have only 30 years left to save

since the annual return remains the same,

(0.116m + m) × 30 = 1,000,000

(1.116m) × 30 = 1,000,000

33.48m = 1,000,000

∴ m = 1,000,000 ÷ 33.48 = 29868.578255675 (amount to be saved for a year)

Therefore amount to be saved per month = 29868.578255675 ÷ 12 = 2489.05 ( to 2 decimal places)

c. If you wait 20 years before saving, you hve 20 years more to save.

Since the annual return remains the same;

(1.116m) × 20 = 1,000,000

22.32m = 1,000,000

m = 1,000,000 ÷ 22.32 = 44802.867383512 (yearly amount to be saved)

Therefore amount to be saved per month = 44802.867383512 ÷ 12 = 3733.57 ( to 2 decimal places).

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