Answer: B, Span of control
Explanation:
A manager's span of control refers to how many people report under them. If an employee can report directly to a manager then they are in that manager's span of control.
Spans of control should not be so large that they can lead to inefficiency. Modern organizational experts recommend a span of control between 5 - 15 subordinates.
Every organization should have managers so that information and decisions can be handled faster and to achieve diversification of labor which improves efficiency. In the scenario mentioned, the company will probably not be efficient because for instance, all information will have to flow to the CEO for decision making before being approved making the decision making process slower which could be costly when time is of the essence.
Answer:
The advantages of requiring both the original and final appropriated budget amounts are:
1. It enables comparison of original (static) budget with the final (flexible) budget.
2. From the comparison, management assesses performances based on actual performance versus original and final budgets respectively.
3. The significant changes based on the level of activity are easily determined.
Explanation:
The use of original and final budgets helps in the comparison with actual performance. It clearly shows the effect of the level of activity on budget performance.
Yes it does affect the traction/speed
<u>Explanation:</u>
Note that<em> call options</em> are simply contracts or tradable assests that gives owners the right to buy the stock at a certain price. While <em>a financial manager</em> is someone task with managing the assets of an investor in a company.
Knowledge of call options will allow the financial manager to sucessfully work with stocks, warrants (recently issued shares of stock), and convertible securities (such as debts been replaced with common stocks).
Answer:
Real interest rate= 0.06 = 6%
Explanation:
Giving the following information:
Nominal interest rate= 12%
Inflation rate= 6%
<u>The inflation rate provides the opposite effect on the interest rate. It decreases the purchasing power of an individual. </u>To calculate the real interest rate, we need to deduct the inflation rate.
Real interest rate= 0.12 - 0.06= 0.06
