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Ann [662]
3 years ago
8

Chloe is the billing and accounting department manager in a large organization. The CEO is shifting the tall hierarchal structur

e to reduce the number of middle managers. Chloe is now the team leader for 15 people instead of the manager of 5. The team members have taken some of Chloe’s previous responsibilities. What benefits will Chloe see from this new structure?
Business
1 answer:
Kitty [74]3 years ago
4 0

Chloe will see greater productivity, innovation and better customer services from this new structure.

<u>Explanation:</u>

High productivity implies that a lot of yield is delivered with little information. Productivity is the proportion of the volume of yield to the volume of data sources. It quantifies how much yield is created per unit of info, that is: Productivity=Output/Input.

Innovation in its cutting edge significance is "another thought, innovative contemplations, new minds in type of gadget or technique". Advancement is regularly additionally seen as the use of better arrangements that meet new prerequisites, unstated needs, or existing business sector needs.

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Based on the given information, Joe lives in the mixed economy, and he is interested in purchasing the private building.

<h3 /><h3>What is mixed economy?</h3>

A mixed economy is the system that combines the system of both the economy, means the combination of capitalism and socialism, is called the mixed economy.

This system defends <u>private property </u>and allows a degree of  freedom in economy in the use of capital.

But it also permits for governments to interpose in economic activities in order to accomplish social intents.

Therefore, in the above case, Joe lives in the mixed economy, and purchasing the private property.

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2 years ago
Which era came immediately after World War II?
aleksley [76]

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The postwar era, 1945-1950.

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3 years ago
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Which type of variance causes operating income to be greater than the budgeted operating income?
ivann1987 [24]

Favorable variance is the variance causes operating income to be greater than the budgeted operating income.

A favorable variance is wherein real income is greater than budget, or real expenditure is less than budget. That is similar to a surplus in which expenditure is much less than the available earnings.

Is Favorable variance usually accurate?

Favorable variances are defined as either generating greater revenue than expected or incurring fewer fees than expected. Damaging variances are the other. Much less revenue is generated or greater prices incurred. Either may be correct or terrible, as these variances are based on a budgeted amount.

How do you inform if a variance is favorable variance or destructive?

If sales have been better than expected, or expenses were decrease, the variance is  favorable variance. If sales have been decrease than budgeted or costs were better, the variance is detrimental.

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1 year ago
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In case of the public limited company the it would be different as it can raise funds through issuing new shares.

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3 years ago
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