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Alla [95]
3 years ago
9

Commerce Insurance Services has five divisions. They are personal; core commercial; Main Street business; major commercial; and

benefits. The company is also departmentalized along product lines. Commerce Insurance Services uses ____ departmentalizationa.boundarylessb.productc.customerd.functionale.matrix
Business
2 answers:
weeeeeb [17]3 years ago
7 0

Answer: Matrix departmentalization.

Explanation:

Matrix departmentalization occurs when the taskforce and functional departmentalization are combined in other to improve different processes, so that a single activity could lead to an improvement in cost advantage and better service delivery to customers. It was introduced in the early 1960s as a response to the effect of growth problem and size of enterprise that requires technical skills and more flexibility.

Advantage of matrix departmentalization.

• It is aimed at final result.

• It spots product profit responsibility.

Disadvantages.

• Cause delay in decision making.

• Could lead to disunity or cause problem making unanimous decision.

• Could lead to conflict between various authorities within the organization.

vitfil [10]3 years ago
4 0

Answer:

E) matrix departmentalization

Explanation:

Matrix departmentalization is an organizational structure that combines functional and task force departmentalization in order to improve economies of scale and/or customer service.

Commerce Insurance Services is divided functionally in five divisions, and each division is also divided along product lines (tasks).  

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EA4.
Anton [14]

Answer:

Please see Explanation

Explanation:

Management

Managers are not included in this list of users by the IASB Framework, because management should have access to all the financial information they need, and in much more detail than financial statements provide. However, management is responsible for producing the financial statements and might be interested in the information they contain.

Employees

Employees need information about the financial stability and profitability of their employer. An assessment of profitability can help employees to reach a view on the ability of the employer to pay higher wages, or provide more job opportunities in the future.

Investors

Investors in a business entity are the providers of risk capital. Unless they are managers as well as owners, they invest in order to obtain a financial return on their investment. They need information that will help them to make investment decisions.

Creditors

Financial information about an entity is also useful for suppliers who provide goods on credit to a business entity, and ‘other trade creditors’ who are owed money by the entity as a result of debts incurred in its business operations (such as money owned for rent or electricity or telephone charges). They can use the financial statements to assess how much credit they might safely allow to the entity.

Customers

Customers might be interested in the financial strength of an entity, especially if they rely on that entity for the long-term supply of key goods or services.

Tax authorities

The tax authorities  use the information in the financial statement for the purpose of business regulation or deciding taxation policies.

5 0
3 years ago
Suppose you deposit ​$1 comma 2001,200 cash into your checking account. By how much will the total money supply increase as a re
Dafna11 [192]

Answer:

The change in money supply amounts to $7,084,248

Explanation:

Computing the change in money supply as:

Using the multiplier as:

Multiplier = 1 / Required reserve ratio

where

Required reserve ratio is 0.220

So,

Multiplier = 1 / 0.220

Multiplier = 4.54

So, the new money supply would be:

= Multiplier × Old money supply

where

old money supply is $2,001,200

Multiplier is 4.54

So,

= 4.54 × $2,001,200

= $9,085,448

Therefore, change in money supply is:

Change in money supply = $ 9,085,4448 - $2,001,200

Change in money supply = $7,084,248

7 0
4 years ago
What does it mean when the feds lower interest rates
3241004551 [841]

Interest rates are lowered by the Fed in order to boost economic development. Reduced finance costs might entice people to borrow and invest. When interest rates are excessively low, however, they might stimulate excessive growth and perhaps inflation. On the other hand, if growth becomes excessive, the Fed will boost interest rates.

3 0
3 years ago
According to Butner (2011), performance optimization concept is described as a multi-enterprise, supply demand balancing solutio
grin007 [14]

Answer:Segregate events across the end-to-end value chain related to customers, distribution, manufacturing, and multi-tiered supply.

Explanation: Performance optimization is a term used to describe the various changes and modifications made to a business in order to ensure that the performance meets the required set levels.

According to Burner(2011)the Segregation of events across the end-to-end value chain related to customers, distribution, manufacturing, and multi-tiered supply is not one of the core features of performance optimization.

8 0
4 years ago
People commonly use credit cards, auto loans, home mortgages to finance their purchases *
nalin [4]

Answer:

the answer to this question is true

4 0
3 years ago
Read 2 more answers
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