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2 years ago

The study of economics:

Business

1 answer:

DochEvi [55]2 years ago

6 0

Helpful to businesses, but not particularly helpful in making personal buying decisions.

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According to Mintzberg's organizational structures, hospitals and universities are examples of a: a. simple structure. b. prof

Taya2010 [7]

Answer:

b. professional bureaucracy

Explanation:

Bureaucracy refers to a kind of organizational structure which is governed by a clearly defined authority and rigid rules and regulations alongside long chain of hierarchy and reporting, which makes decision making a time consuming affair.

As per Mintzberg, professional bureaucracy is characterized by standardization of skills coupled with vertical and horizontal decentralization of responsibilities.

Such form of organizational structure allows for greater degree of autonomy and control to the professionals w.r.t their work. Such a bureaucracy recognizes the authority of professional expertise instead of the authority of hierarchy.

Such form of organizational structure is usually followed by schools, hospitals and universities wherein, the professional expertise of doctors and teachers define the authority instead of a pre existing chain of hierarchy that dictates what one is permitted to do.

5 0

3 years ago

Because different nations have vastly different numbers of people living in them, Gross Domestic Product (GDP) is a very poor wa

fiasKO [112]

I think the correct answer from the choices listed above is option A. Gross National Product or GNP is used by economists in place with GDP. Gross National Product is an expression used to measure economic growth and wealth. It includes the value of all goods and services in a given period of time.

3 0

2 years ago

business to business is selling to a customer that is not the end of the consumer. which of these best describe the business to

ololo11 [35]

Answer:

so where's the Question?

5 0

2 years ago

The purpose of determining the critical path on a pert network is to: identify the sequence of tasks that takes the longest to c

natita [175]

Answer:

Identify the sequence of tasks that take the longest to complete

Explanation:

Program Evaluation and Review Technique (PERT) is a project management tool that is used to manage potential contingencies in the process of executing a project. It is used to schedule ,organize and coordinate tasks in a project.

Determining the critical path on a PERT network lists out the time required for different tasks to be completed and as a result , the sequence of tasks that require the longest time are identified.

3 0

3 years ago

Read 2 more answers

A company is considering replacing an old piece of machinery, which cost $105,000 and has $55,000 of accumulated depreciation to

asambeis [7]

Answer:

Replacing the old machine would produce a net saving of $1,300

The sunk cost in this situation is the purchase cost (i.e $105,000) of the old machine.

Explanation:

Differential Analysis

Purchase cost of the new machine (83,000)

Savings from annual variable cost(8500×8) 68,000

Variable cost of running the new machine (5,000×8) (40,000)

Scrap value of the old machine 56,300

Differential savings 1,300

Replacing the old machine would produce a net saving of $1,300

The sunk cost in this situation is the purchase cost (i.e $105,000) of the old machine. It is a past cost incurred as a result old decision.

7 0

2 years ago