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3 years ago

How does the chain of command facilitate the operations of a large structured organization?

Business

1 answer:

tia_tia [17]3 years ago

7 0

Answer:

The use if the direct chain of command affords delegation of authority in an easily understandable way, such that needed decisions on actions are more quickly taken to save costs due to delay and lack of cohesion.

Direct chain of command affords employees to work in areas they are proficient with which builds improved competence and skill within the workforce

The chain of command organizational structure is a logical delegation of authority which facilitates collaborative efforts with internal and external bodies

Explanation:

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In January, 2006, Findley Corporation purchased a patent for a new consumer product for $720,000. At the time of purchase, the p

bezimeni [28]

Answer:

b. $360,000.

Explanation:

Data provided in the question

Purchase value of the patent = $720,000

At the time of purchase, the patent life is 15 years

And, the useful life of the patent is 10 years

So, the amortization expense recorded value is

= $720,000 ÷ 10 years × 5 years

= $360,000

The five years is counted from the year 2006 to the year 2011

8 0

3 years ago

By how much does the residual elasticity of demand facing a firm increase as the number of firms increases by one firm?

soldi70 [24.7K]

Answer:

Explanation:

By how much does the residual elasticity of demand facing a firm increase, as the number of firms in the market increases by one?

The residual elasticity of demand facing a firm, is the portion of market demand which is not met or supplied by other firms in the market. In other words, this is the demand curve of the firm, given the presence of other firms in the market.

Given that

- all the firms in this market sell identical products,

- have identical marginal costs,

- and produce the same amount of output;

We model the residual elasticity of demand for this firm as:

EDr = EDm - EDa

Where:

EDr = the residual elasticity of demand for this firm

EDm = market elasticity of demand

EDa = total elasticity of demand facing ALL other firms in the market.

If EDa = 4, and a new firm enters the market, it will become 5

Elasticity of demand is the degree of responsiveness of demand, to change in price of a commodity.

7 0

3 years ago

You are a data mining consultant hired by your organization to implement a data mining process. What challenges does your organi

Serjik [45]

Answer and Explanation:

1.We have to ensure that data is being received from a reliable source

2.The wrong data would lead to wrong interpretation and prediction of customer's needs

3. The data mining algorithm must be effective enough to clean data that has alot of errors

4.incoporating background knowledge of the data in reducing complexity and finding data pattern

5. Data privacy and security issues present the challenge of getting needed data from data sources or resorting to other means that mayalr data less reliable

7 0

3 years ago

A carefully conceived plan that results in understanding the customer's perceptions, maximizes customer satisfactions, and res

Zielflug [23.3K]

Answer: A customer strategy

Explanation: In simple words, it refers to a strategy under which an organisation tries to understand the needs and wants of the customers more carefully with the objective of maximizing their utility satisfaction.

Under this strategy, organisation tries to increase the financial value of their product that the customer percieves after buying it.

Hence the correct option is E.

7 0

3 years ago

A company uses the allowance method to account for bad debts. What is the effect on each of the following accounts of the collec

elena55 [62]

Answer:

d. No effect No effect

Explanation:

When allowance method is followed then bad debts allowance is created for non-collectible debts balance.

This balance clearly depicts the debtors which are not collectible and then set off against accounts receivables balance.

When an already written off bad debt is recovered, such recovery increases income only, and does not effect any allowance account or accounts receivable account.

As for this already expense had been allowed.

And amount recovered is no more standing due in accounts receivables balance.

Thus, correct option is

d. No effect No effect

4 0

3 years ago