Chester Barnard
In contrast to an informal organization, which serves the members' psychological and social requirements, a formal organization's objective is to achieve its organizational goal.
A collection of individuals who share a common identity and are dedicated to attaining a common goal is referred to as an informal organization. Informal groups are established by the collective identity and will of its members. Contrary to a formal structure, which is based on duties and responsibilities, an organization's operation is actually known as an informal organization.
Independent of their positions and hierarchies, employees connect or communicate with one another to form informal organizations. It operates side by side with a formal organization.
A Formal Organization Differs From An Informal Organization
A formal organization is purposefully produced by management, as opposed to an informal organization, which is created haphazardly by individuals.
While informal groups are unstable, formal organizations are long-lasting and stable.
To learn More about Informal organization from the given link.
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Answer and Explanation:
The journal entries are shown below:
1. Petty cash $140
To Cash $140
(Being the petty cash fund is established)
2. Postage expenses Dr $49
Merchandise inventory Dr $10
Delivery expenses $12
Miscellaneous expenses $38
To Petty cash A/c $109
(Being the expenses are recorded)
3. Petty cash $50 ($190 - $140)
To Cash $50
(Being the increase of the petty cash fund is recorded)
Only these entries are recorded
Answer:
Elementary Education → Accounting → Pharmacy → Crop Production
Explanation:
According to the employment statistics, Elementary education employs the least, and Crop production employs the largest number.
Answer:
The Contingency theory is the idea that the organizational structures and control systems that are chosen by managers depend on characteristics of the external environment in which the organization operates.
Explanation:
The contingency theory manifest that each and every single organisation is different, it operates and works in different situations, environment and scenarios, every organisation has different set of rules, values and culture, every organisation has different kinds of product portfolios, therefore, it needs different set of management style, organisational structure and control system. For example, the basic logic of contingency theory is that the strategies which worked very well for the Coke may not work well for Pepsi, Pizza Hut cant follow the exact strategies, control systems and organisational structure which is being followed by Domino's, therefore, each and every organisational rules, strategies are contextual.
Answer:
$109,000
Explanation:
The accounting equation for the cost of goods sold
COGS = opening finished good + purchases - Closing finished goods
In a manufacturing firm, purchases are also referred to as manufacturing costs.
For Leslie manufacturing:
beginning finished inventory =$40,000
costs of goods manufactured = $ 144,000
Ending finished inventory = $ 45,000
cost of manufacturing for the period:
=$40,000 +$114,000- $45,000
=$109,000
