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svet-max [94.6K]
4 years ago
8

1. What determines the degree of specialization within an organization?

Business
2 answers:
Aneli [31]4 years ago
6 0

1. What determines the degree of specialization within an organization? The organizational structure of the company determines the degree of specialization within an organization. Dependent on how the organization is broken up into categories allows the organization to figure out how they are able to control and break down their organizations speciality.


2. What three steps are involved in delegation? The three steps involved in delegation include: Assigning responsibility, granting authority and creating accountability. Assigning responsibility refers to giving those who are able to perform a task the duty to perform it. Granting authority is giving someone authority to make a power decision in a given situation to complete the task. Creating accountability refers to making sure an employee knows they are to finish the task and needs to be successful in doing so.


3. How does a firm's top management influence its degree of centralization? Centralization refers to the control or lack there of under different authority within an organization. If the firms top management is strict on their structure the organization will probably be on a tight chain when it comes to who has authority. Likewise, if the firm’s top management was more laid back, they would likely give more people authority to make decisions.


4. Contrast line-and-staff and matrix forms of organizational structure? Line and staff structures within an organization refers to the many different types of functions within an organization. A matrix form refers to transformation within a category that movies items into their set, special properties.

lina2011 [118]4 years ago
3 0

Answer:

  1. The degree of specialization within an organization is determined by the organization's structure.
  2. The three steps involved in delegation are: Responsibility, Authority and Accountability.
  3. The top management of a firm influences it's degree of centralization by working to keep ultimate authority of decision making at the upper levels of the firm.
  4. Line-and-staff is an organizational structure that utilizes the chain of command from a line structure in combination with the assistance of staff managers. It relies on the old style of a line staff but with the addition of a staff manager.

While matrix structure is an organizational structure that combines vertical and horizontal lines of authority. It utilizes persons from different departments in order to have a mix of specialized people within one group.

Explanation:

  1. Degree of specialization is the extent of the concentration of authority in a particular level of an organization, usually the top management level.
  2. Delegation is the assigning of authority to someone in order execute a defined task. Responsibility involves assigning a task to someone, Authority is the power to make decisions, Accountability is checking whether the people assigned to execute tasks are performing their responsibility correctly.
  3. The top management of a firm are the positions that holds the most authority in the firm. It is made up of senior level executives with titles such as President, Chief executive Officer and Chief Financial Officer. The top management of a firm are the positions that holds the most authority in the firm. It is made up of senior level executives with titles such as president, Chief executive Officer and Chief Financial Officer. The top management has the ultimate say in what happens in the firm.
  4. Organizational structure is a system that outlines the flow of activities such as rules, responsibilities/task allocation, coordination, and supervision, in order to achieve the aims of an organization. The general types include functional, divisional, matrix and line-and-staff structures.
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Answer:

3

Explanation:

We are asked to use the midpoint formula.

Here, instead of dividing the change in values by the old value as in the normal elasticity calculation, we use the average of the two.

Mathematically:

Price elasticity of demand according to midpoint formula is :

{Q2 - Q1 / (Q2 + Q1) ÷ 2] × 100%} ÷ {[P2 - P1/ (P2 + P1) ÷ 2] × 100}

Price changed from 5 to 7. The midpoint of 5 and 7 is the average = (5+7)/2 = 6

% change in price in this case is (7-5)/6 * 100 = 100/3 = 33.33%

% change in quantity:

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