As you are forming a team, it is important to bear in mind that Each member should have only 1 specialization. Jane serves to monitor & control the team processes.
In order to become more effective, specialization in business entails concentrating on a single product or a small range of products. Specialization can boost productivity and give a company or economy a competitive advantage.
When individuals and organizations focus on creating what they are proficient at, or even better, the best at, specialization occurs. For instance, KFC specializes in fried chicken and chicken hamburgers, whereas Starbucks specializes in serving uniform coffee.
If you specialize, you concentrate on a particular facet of a bigger subject. If you're a nurse, you might focus on giving care to infants and children as your area of specialization in pediatric care.
Learn more about specialization here
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Answer:
False.
Explanation:
Selectorate theory differentiates between different types of dictatorships, as well as between dictatorships and democracies. The key factor that distinguishes democracies from dictatorships is the size of the winning coalition.
The goal of any reasonable firm is to optimize its earnings. Providing incentives to the workers is one of the management methods to induce maximum effort from them in order to achieve the objective of the firm.In the present structure of employee settlement where the retail personnel is paid a fixed wage of $20 per hour, there's no reward for the retail sales staff to push more difficult for the sales and increase the profits. There is no penalty on them in case the sales go down and the profits are negatively affected.In the proposed worker compensation structure where each of the retail personnel is paid 1 percent of the shop's daily revenues over and above a fixed wage of $10 per hour, the staff is motivated to work harder to increase the sales and the profits of the firm. Each of the retail staff members then will be motivated by self-interest and devise methods to increase their productivity so that they can maximize their everyday compensation. Hence, by taking care of their self-interest, they will indirectly help in attaining the company's objective of maximizing its daily earnings to $25,000 per shop.
Answer:
Effect on net income=$328.22
Explanation:
DSO Formula is:
DSO=(Account Receivable/Credit sales)x365
Current DSO is:
DSO=(11500/100000)x365
DSO=41.975 days
In order to calculate the amount lowered we replace Account Receivable in DSO formula by X. DSO is 27 days
27=(X/100000)x365
X=$7397.26
Now:
Decrease in Account Receivable =$11500 - $7397.26=$4102.74
Effect on net income=$4102.74 * 8%
Effect on net income=$328.22
Answer:
The correct answer is: Accounts receivable.
Explanation:
Accounts receivable is an accounting term used to refer to the money that is owed to a company by its customers. The company that may be individuals or corporations are the debtors since they owe money for the goods or services provided by the company on credit. Accounts receivable are recorded as a current asset in the Balance Sheet.
