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stich3 [128]
3 years ago
12

Company XYY has recently won several bids and is now discussing how to structure the staff so that every contract can be success

fully completed on time. Select two business structures and briefly describe them. Include an example of when each structure might be used in your description.
Business
2 answers:
SSSSS [86.1K]3 years ago
4 0

Answer:

Two structures that the company can use:

Functional structure: this is the most common type of organizational structure, and it might be the one that company XYY already uses.

In this structure, the firm is divided among departments that have a specific role, or function.

The most basic division would include a production department, a marketing department, a finance or accounting department, and a marketing department.

Flatarchy: a term that is a combination of the word "flat", and the word "hierarchy", it simply means "flat hierarchy".

This innovative organizational structure does not really promote a specific hiearchy or division, and instead, all employees work closely together for a common goal, in a attempt at building a more colaborative and holistic approach.

MERCY2 years ago
0 0

Functional structure: groups staff by expertise and skills, typically a project manager schedules involvement of the groups when required. Example: In a new building, the IT department would be called in to install wiring and routing equipment once the building structure was completed.
Geographical structure: groups staff by knowledge of region or physical location. Example: one contract is in New York and another in Dallas, but both locations might require different expertise in permits, weather patterns, or local laws. This method also cuts down on travel costs.
Product structure: groups staff based on their knowledge of a specific product. Example: if a company is installing Cisco wireless networks throughout hospitals across the entire country. The team would require industry knowledge as well as their wireless technical knowledge.
Project structure: groups people with different skills, knowledge and location to work together on a single project. Example: making a movie requires actors, make-up artists, lighting technicians etc.

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. Assume that the dollar-Euro exchange rate (E$/€) = 1.1, the U.S. interest rate is 4% and the Euro interest rate is 1%, and tha
emmainna [20.7K]

Answer:

1) €918

2) E$/€)= 1.13

Explanation:

1) the dollar-Euro exchange rate (E$/€) if 1.1 means that from one Euro you can buy 1.1 dollars. So if an American investor invests $1,000 today in Euros he will get 1000/1.1= 909.09 Euros. Then if he invests 909.09 euros at an interest rate of 1% he will have (909.09*1.01)=918 euros.

The formula for forward exchange rate is

FWD= Spot price *(1+Interest rate of variable currency *Days/Annual Base)/(1+interest rate of base currency *days/annual base)

In this case the spot price is 1.1, the euro is the base currency and the dollar is the variable currency. The annual base is 365 and the days are also 365 since the we to find 1 year forward rate so days/annual base is 1.

FWD= 1.1*(1.04*1)/(1.01*1)= 1.13

This means that in a one year forward one Euro will cost $1.13

3 0
2 years ago
Liam was the beneficiary of a life insurance policy on his wife. Liam had paid $20,000 in premiums on the policy. Be collected $
Lesechka [4]

Answer:

B. FALSE

Explanation:

7 0
2 years ago
In 1-2 sentences, explain how wage discrimination results in unequal pay.
oksian1 [2.3K]
Wage discrimination 
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5 0
3 years ago
_______ refers to changing one or more of a product's characteristics; while, a _______ is the development of a product closely
jeka57 [31]

Answer: <u>PRODUCT MODIFICATION</u> refers to changing one or more of a product's characteristics; while, a <u>LINE EXTENSION</u> is the development of a product closely related to one or more products in the existing product line but designed specifically to meet somewhat different customer needs.

7 0
3 years ago
If firms can easily enter and exit a​ market, then A. firms will produce at minimum average cost in the short run. B. firms will
enyata [817]

Answer:

The correct answer is option C.

Explanation:

`If firms can easily enter and exit the market, then firms operating in the market will earn zero economic profit in the long run. This is because the short run is too short for firms to enter and exit so potential firms will enter and exit in the long run.  

If the existing firms will be having negative profits, the firms having loss will exit the market. This will reduce market supply. As a result, the price level will increase. This will go on until all firms will have zero economic profits.  

Similarly, if the existing firms are having positive economic profits in the long run, the other firms will enter the market. This will increase the market supply such that the price level decreases. This will go on till all the firms will be having zero economic profits.

5 0
3 years ago
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