An approach to managing organizations that emphasizes the division of labor and favors hierarchy is the classical management approach.
Hierarchy is a system for placing people in different ranks or degrees of importance in society, company, etc. Like most other American companies with strict hierarchies, workers and managers had clear obligations. The lower the level of the pyramid, the more important your needs.
Hierarchy definition is a group of people or things arranged in a hierarchy or people at the top of such a system. An example of a hierarchy is the corporate ladder. An example of a hierarchy is the various levels of priests in the Catholic Church.
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Answer:
17 times
Explanation:
Data provided in the given question :-
Net Sales = $1,250,000
Average account Receivable = $73,500
Net Income = $53,150
So, the accounts receivable turnover ratio is given below :-
Accounts receivable turnover ratio = Net sales ÷ Average accounts receivable
= $1,250,000 ÷ $73,500
= 17 times
Hence the net income is ignored for calculating the account receivable turnover ratio.
Answer:
balance sheet
Explanation:
The <u>balance sheet</u> shows how the capital is structured in the business, including the value of assets and the amount the firm owes at a specific point in time.
The expectation of the Tatum Manufacturing firm from the Hong Kong government is to <u>ensure fair competition </u>with its competitors.
<h3>What is a manufacturing firm?</h3>
A manufacturing firm is a firm that engages in massive scale production of goods and commodities that uses physical labor and/or machinery to turn raw materials and parts, into finished goods or completed items.
The finished goods could be sold:
- To other manufacturers for the fabrication of more sophisticated products,
- To wholesalers that redistribute the goods to retail traders, or
- To final consumers directly.
The role of the Hong Kong government to Tatum Manufacturing Firm in as much they comply with the government regulations and taxes is for the government to ensure that there is fair competition for Tatum Firm with its competitors.
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Hi Laight6069,
The telling style of leadership has a <span>high-task, low-relationship feature.</span>
