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2 years ago

What is functional structure in organization?

Business

1 answer:

AveGali [126]2 years ago

4 0

Answer:

functional organization is a common type of organizational structure in which the organization is divided into smaller groups based on specialized functional areas, such as IT, finance, or marketing

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The basic laws of forecasting help to avoid misapplication or misrepresentation of forecast results. Law 3 states, __________. M

pav-90 [236]

Answer:

Explanation:

A forecast is an estimate of the future level of some variable.

It is important to forecast because:

-Asses long-term capacity needs

-Develop budgets, hiring plans

-Plan production or order materials

There are types of forecast

Demand, depend on the firm level or the market level.

Supply, depend on number of current producers and suppliers, projected aggregate supply levels, and technological and political trends.

Price, depend on cost of supplies and services, market price for firm´s product or service.

There are 4 laws of forecasting, that help to avoid misapplication or misrepresentation of forecast results:

1-Forecast are almost always wrong by some amount (but they are still useful). Even under the best of conditions, no forecasting approach can predict the exact level of future demand, supply, or price.

2-Forecast for the near term tend to be more accurate. This law recognizes that in the near term, the factors that affect the forecast variable are not likely to change greatly.

3-Forecast for group of products or services tend to be more accurate. Many businesses have found that it is easier and more accurate to forecast for groups of products or services than it is to forecast for specific ones.

4-Forecast are no substitute for calculated values.

3 0

3 years ago

Great Lakes Steel Supply is losing significant market share and thus its managers have decided to decrease the firm's annual div

Colt1911 [192]

Answer:

There's an error in the numbers for this question; I found the correct one and pasted it below;

"Great Lakes Steel Supply is losing significant market share and thus its managers have decided to decrease the firm's annual dividend. The last annual dividend was $1.30 per share but all future dividends will be decreased by 2.75 percent annually. What is a share of this stock worth today at a required return of 15.5 percent? "

Explanation:

Use dividend discount model (DDM) to calculate the stock price

$P0 = \frac{D0(1+g)}{r-g}$

whereby,

P0 = Current price

D0 = Last dividend paid = 130

g = growth rate = -275% or -2.75 as a decimal

r = required return = 155% or 1.55 as a decimal

Next, plug in the numbers to the DDM formula above;

$P0 = \frac{1.30(1-0.0275)}{0.155 + 0.0275} \\ \\ = \frac{1.2643}{0.1825} \\ \\ =6.9277$

Therefore this stock is worth $6.93

6 0

2 years ago

What is a hypothesis?

yanalaym [24]

The answer is B.

"A hypothesis (plural hypotheses) is a proposed explanation for a phenomenon. For a hypothesis to be a scientific hypothesis, the scientific method requires that one can test it. Scientists generally base scientific hypotheses on previous observations that cannot satisfactorily be explained with the available scientific theories. Even though the words "hypothesis" and "theory" are often used synonymously, a scientific hypothesis is not the same as a scientific theory. A working hypothesis is a provisionally accepted hypothesis proposed for further research, in a process beginning with an educated guess or thought."

"A hypothesis is an assumption, an idea that is proposed for the sake of argument so that it can be tested to see if it might be true."

7 0

3 years ago

Why do businesses compete in free enterprise system?

Bingel [31]

Answer:

Businesses in free enterprise systems compete with each other to produce better products at better prices. Competition leads to innovation, new ideas and a more competitive market. Competiting allows businesses to control themselves and their ideas in an efficent manner.

However, competition in the free enterprise systmem leads to lower wages and income. It leads to the best product at the lowest price. It leads to a variety of products available to the consumer.

if you liked my answer please mark me as brainliest !! thanks <3 !!

3 0

2 years ago

Which of the following best describes a Nash equilibrium? An outcome from which one or both competitors can improve their positi

amid [387]

The question is reconstructed below:

Which of the following best describes a Nash equilibrium?

A. An outcome from which one or both competitors can improve their position by adopting an alternative strategy.

B. The unstable outcome of a repeated game.

C. An outcome that is stable only because of credible threats.

D. An outcome which both competitors see as optimal, given the strategy of their rival.

Answer:

D. An outcome which both competitors see as optimal, given the strategy of their rival.

Explanation:

Although Nash equilibrium is a game theory, it has been widely applied in economics. It states that a competitor can achieve his desired outcome by sticking to his original strategy. Both competitors' strategies are optimal when considering the decisions of each other.

8 0

2 years ago

What is functional structure in organization?​

What is functional structure in organization?