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3 years ago

The three principal levels of hierarchies within a business organization are:

Business

1 answer:

tester [92]3 years ago

7 0

Answer:

Senior management, middle management and operational management.

Explanation:

Hierachy can be described as a method of structuring an organisation into various level from the top to the bottom, with each level having their defined role and authority in the organisation.

Senior management is the highest level in an organisation, they are responsible for supervising and controlling the daily activities that goes on in the company. They are known as the top decision makers.

Middle management is below the senior management, they are not responsible for decision making but are assigned to control the activities of the workers, they also help to inspire and motivate the workers inorder to increase productivity.

Operational management is directly responsible for the production of goods and services, they control the available materials which is needed to manufacture goods.

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An organizational chart of a company shows vice presidents with responsibility for key areas such as design, manufacturing, sale

Romashka-Z-Leto [24]

Answer: Functional

Explanation: The functional structure of an organisational chart places people with similar skills who perform similar activities in a group under a common manager who answers to an executive a level up in the hierarchy who may oversee multiple departments. Therefore, an organizational chart of a company showing vice presidents with responsibility for key areas such as design, manufacturing, sales, marketing, and after-sales support would reflect a functional structure.

An advantage of the functional structure is that employees are allowed to focus their collective energies on executing their roles as a department but sometimes they might develop tunnel vision (seeing the company solely through the lens of the employee’s job function) and often at times there is a lack of inter-departmental communication.

6 0

3 years ago

Drew is in charge of writing a report for his company that talks about the quality and safety of his company's products, busines

ira [324]

Answer: Compliance review

Explanation: A compliance review can be defined as an audit done with the objective to assess whether the company is following the regulatory guidelines. In such a review the auditor tries to determine if the items that being examined complies with the set standards.

In the given case, Drew is writing the report to spread the information that they are following all the guidelines related to safety and quality.

Thus, from the above we can conclude that the correct option is C.

7 0

3 years ago

A primary market would be utilized when:

babymother [125]

Answer: Option C

Explanation: Primary market refers to the market in which the securities are sold to the general public for the first time by the companies. In simple words, the initial public offering process takes place in such markets. The securities could be of any type whether debt, equity or preference.

The market in which existing securities are bough and sold is called secondary market. And the commission is paid in both secondary and primary market.

Hence the correct option is C.

7 0

4 years ago

Direct labor on the February cost of production report (weighted-average method) revealed a cost per equivalent unit of $0.30. T

aleksandrvk [35]

Answer:

Kindly find the complete questions attached.

a) 325,000 units were transferred to finished goods

direct materials 171,053

direct labor 85,526

factor overhead 68,421

(b) February's equivalent units of production was 445,000 units :

direct materials 234,211

direct labor 117,105

factor overhead 93,684

(d) The cost of direct labor introduced into production in February was $35,132

(e) The factory overhead application rate was 80% of Direct Labor

(f ) Of the total cost (beginning inventory plus additional production cost), allocation to

ending work in process is 120,000 units costing $80,211

(g) Of the total cost (beginning inventory plus additional production cost), transfer to finished goods inventory is $217,237

(h) February's gross profit is $373,363

Please review the attached for detailed workings and presentation of the answers

6 0

3 years ago

A barber currently cuts hair for 50 clients per week and earns a profit. He is considering expanding his operation in order to s

bixtya [17]

Answer:

B. It depends on the marginal cost of serving more clients and the marginal revenue he will earn from serving more clients.

Explanation:

As the barber is currently cutting hair for 50 clients per week and earns a profit. He is now considering expanding his operation in order to serve more clients. He should expand his business by considering the marginal cost of serving more clients and the marginal revenue he will earn from serving more clients. Marginal revenue and marginal cost has much importance here in order to make the decision. Marginal revenue is the profit which is obtained by selling one extra unit, here serving one more additional customer, whereas, the marginal cost is selling that one extra or additional unit/serving the customer. In this particular case, if the marginal revenues are greater than the marginal costs then he should definitely expand his operations, which means that move will bring more profits to his business.

5 0

3 years ago