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sdas [7]
3 years ago
15

Managers are important members of the organization. Within an organization, there are managers at four levels: top, middle, firs

t-line, and team leaders. This activity is important because each of these levels has different managerial challenges and decisions to make to achieve organizational effectiveness. The goal of this exercise is to challenge your knowledge of the four levels of management.

Business
1 answer:
Zolol [24]3 years ago
5 0

Answer:

1. Pat is Middle Level.

Pat is trying to implement the strategic goals of the company which are set by Top Management. That would make Pat a Middle level manager.

2. Rick is Top Level.

Rick is developing the policies for the entire company which would place Rick at Top Manager level.

3. Daisy is a First-line Manager

Daisy is responsible for the loading products such that it is done effectively. This is an operational duty which would place Daisy at First-line level.

4. Ruth is a First-Line Manager

Ruth directs art staff who are non-managers which would make Ruth a first-line manager

5. Gary is Top Level

By developing projections on long term growth, that means Gary contributes to strategic decisions thereby making Gary top level.

6. Greg is Middle Level

Greg is in charge of first line managers which places him directly on top of them which means he is a middle level manager.

7. Mike is a Team Leader

Mike is in charge of the team which is the textbook role of a team leader.

8. Nancy is a Team leader

The members of the team go to Nancy when they need to resolve conflict or when they want to coordinate their activities. As the team leader is in charge of team coordination, Nancy must therefore be a team leader.

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What is the present value of a perpetuity that pays you annual, end-of-year payments of $950? Use a nominal rate (monthly compou
nasty-shy [4]

Answer:

PV= $12,242.27

Explanation:

Giving the following information:

Cf= 950

Nominal interest= 0.0750 monthly compounded

<u>First, we need to determine the real interest rate:</u>

Monthly interest rate= 0.075/12= 0.0625

Real annual rate= (1.00625^12) - 1= 0.0776

N<u>ow, we can calculate the present value using the following formula:</u>

PV= Cf/ i

PV= 950/0.0776

PV= $12,242.27

7 0
3 years ago
Read 2 more answers
If the price elasticity of demand is 1.8 then a 30 percent decrease in the price of the good will lead to a _______ percent incr
Mkey [24]

Answer:

The answer is 54percent

Explanation:

Elasticity is a measure of how sensitive one variable is to any variable. It is expressed as the ratio of percentage changes in variables.

That is; %change in quantity demanded/%change in price.

This calculation shows how sensitive quantity demanded is to a change in price.

In the question, price elasticity of demand is 1.8

30 percent decrease in price

Therefore, the quantity demanded will increase by 30percent x 1.8

=54percent

3 0
3 years ago
State courts can review statutes passed by their legislatures to ensure:
LekaFEV [45]

Answer:

that the statutes do not violate the state constitution or the us constitution.

Explanation:

State courts can remove laws from the bench. Think about what the supreme court does on a daily basis which is to review laws and determine if they are allowable under the constitution, think roe v wade, brown v board of education. state courts do this too. Think the recent texas abortion law. State courts have the responsibility to solve cases in a constitutional manner.

4 0
3 years ago
Suppose that video game discs are a normal good. If the incomeof video game players increase, you predict that in the market for
arlik [135]

Answer:

Option (D) is correct.

Explanation:

It was given that video game is a normal good. We know that there is a positive relationship between the demand for a normal good and income of the consumer, hence, if there is an increase in the income level of the consumer then as a result the demand for a normal good increases which shifts the demand curve for normal good rightwards.

Therefore, this will lead to increase both equilibrium price and equilibrium quantity in the market for video games.

5 0
3 years ago
Rica Company is a price−taker and uses a target−pricing approach. Refer to the following​ information:Production volume602,000un
loris [4]

Answer:

Desired profit for the year = $2,329,000

Explanation:

Using the given information, we have

Production volume = 602,000 units

Market price = $34

Operating income desired = 17% of total assets

Total Assets = $13,700,000

Operating income = $13,700,000 \times 17% = $2,329,000

Therefore desired profit = $2,329,000

therefore with this information desired profit per unit = $2,329,000/602,000 =  $3.869

Target cost per unit = $34 - $3.869 = $30.131

Desired profit for the year = $2,329,000

4 0
3 years ago
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