Chester Barnard
In contrast to an informal organization, which serves the members' psychological and social requirements, a formal organization's objective is to achieve its organizational goal.
A collection of individuals who share a common identity and are dedicated to attaining a common goal is referred to as an informal organization. Informal groups are established by the collective identity and will of its members. Contrary to a formal structure, which is based on duties and responsibilities, an organization's operation is actually known as an informal organization.
Independent of their positions and hierarchies, employees connect or communicate with one another to form informal organizations. It operates side by side with a formal organization.
A Formal Organization Differs From An Informal Organization
A formal organization is purposefully produced by management, as opposed to an informal organization, which is created haphazardly by individuals.
While informal groups are unstable, formal organizations are long-lasting and stable.
To learn More about Informal organization from the given link.
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Answer:
Masculinity.
Explanation:
Negotiation can be defined as the process in which a buyer and a seller of goods and services reach a compromise on the price or amount of money to be paid. Negotiations in business depicts a win-win situation for both the buyer and seller.
Negotiation is gendered in that the qualities of bargainers such as analytic rationality and strategic thinking are linked to masculinity.
This ultimately implies that, when it comes to negotiating the price of an item or a product, the male bargainers (customers) are considered to be more rational by comparing products with existing products and prices, as well as being strategic in thoughts through the consideration of alternatives.
Answer:
A company that is authorized by the commissioner to transact insurance business in Louisiana is called a <em>producer</em>.
Explanation:
According to the Louisiana Insurance Code, a <em>producer </em>is a person required to be licensed under the laws of Louisiana to sell, solicit, or negotiate insurance, and includes all persons or business entities otherwise referred to as insurance agent, insurance broker, insurance solicitor, or surplus lines broker.
Answer:
31
Explanation:
The calculation of indifferent between your current mode of operation and the new option is shown below:-
Current Operation
Contribution Margin = Monthly Fees - Variable Cost
= $734.00 - $91.00
= $643.00
Total Fixed Cost = Rent and Utilities + Salaries + Insurance
= $5,435.00 + $6,171.00 + $1,545.00
= $13,151.00
New Operation
Contribution Margin = Monthly Fees - Variable Cost
= $1,054.00 - $158.00
= $896.00
Total Fixed Cost = Rent and Utilities + Salaries + Insurance
= $11,679.00 + $6,974.00 + $2,408.00
= $21,061.00
Here we will assume the indifferent number of students will be X
So,
Income under current option = Income under new option
$643.00 × X - $13,151.00 = $896.00 × X - $21,061.00
$253X = $7,910
X = $7,910 ÷ $253
= 31.26
or
= 31
Answer:
Conversion costs= $488,000
Explanation:
Giving the following information:
depreciation expense - factory building, $133,000
direct labor, $250,000
factory utilities, $105,000
<u>The conversion costs are the sum of direct labor and manufacturing overhead.</u>
<u></u>
Manufacturing overhead= 133,000 + 105,000= 238,000
Direct labor= 250,000
Conversion costs= $488,000
