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laila [671]
3 years ago
15

Travis, the advertising manager of a photo imaging company, is responsible for compiling a list of the company's potential adver

tising sources for the upcoming year. However, he assigns this task to his immediate subordinates so that he can focus on project scheduling. In the context of organizational authority, which of the following is best illustrated in this scenario?
A) Staff authority
B) Centralization of authority
C) Delegation of authority
D) Concentrated authority
Business
2 answers:
pantera1 [17]3 years ago
8 0

Answer:

Letter C is correct. <u>Delegation of authority. </u>

Explanation:

In the context of organizational authority, the option that is best illustrated in this scenario is the delegation of authority.

This can be defined according to Chiavenato, as a process of transmitting authority and responsibilities to the lower hierarchical positions.

The higher the hierarchy in an organization, the greater the need to delegate authority, so it is essential that a leader perform this process effectively, using the right technique, to delegate authority to the right person, the right task, the right communication and maintaining control and performance evaluation of subordinates, so that the effectiveness of delegation of authority is achieved and that helps the organization to achieve its objectives and goals.

RUDIKE [14]3 years ago
7 0

Answer:

c) Delegation of Authority

Explanation:

Organisational Authority is defined as the hierarchy in a company from top level management to entry level employees. The types of organisational authority can have an impact on a company's productivity and cohesiveness between employees and members of management. There are various levels of organisational authority. They are given birth to as a function of <em>delegation of authority.</em>

They are:

  1. Operational Level Management;
  2. Middle Level Management
  3. Top Level Management <em> </em>

Delegation of Authority is the act of entrusting someone else to do parts of your job.

It may also be referred to as the subdivision and sub-allocation of powers to the subordinates in order to achieve effective results.

Cheers!

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Solano Company has sales of $580,000, cost of goods sold of $410,000, other operating expenses of $54,000, average invested asse
Anon25 [30]

Answer:

1.

ROI=6.44%

Investment Turnover=0.32

Profit Margin=20%

Residual Income (RI) = -$46,000

2.

a) ROI =9.28%, RI= $5,000

b) ROI=7.19%, RI= -$32,500

c) ROI=6.15%, RI= -$51,400

d) ROI=5.4%, RI= -$76,600

e) ROI=6.44%, RI= -$154,000

Explanation:

1. ROI is calculated as (Operating profit/Average net asset/Investment)*100.

Investment turnover is calculated as Net sales/Average net asset/Investment.

Profit Margin is calculated as Operating profit/Total sales.

Residual Income is calculated as Operating profit-(Average net asset/Investment * Hurdle rate).

Note: Operating profit= Sales-(Cost of goods sold+Operating expenses)

2.

a) 30% increase in sales & cost of goods sold will increase the ROI & Residual income.

b) Decrease in operating expense will increase the operating income, thereby increasing the ROI & RI.

c) Increase in operating expense by 10% will reduce the operating income, thereby decreasing the ROI & RI.

d) Increase in average invested assets by $340,000 will reduce the ROI & RI.

e) Change in hurdle rate will not change the ROI; however, it will decrease the residual income (RI).

6 0
4 years ago
Prepare the journal entry to record Jevonte Company’s issuance of 35,000 shares of its common stock assuming the shares have a:
Tanzania [10]

Answer: Please see answer in explanation column

Explanation:

a)journal entry to record Jevonte Company’s issuance at $3 par value and $22 cash per share

Account                                            Debit                        Credit

Cash(35,000 x $22)                       $770,000

Common stock, $3 par value(35,000 x 3)                       $105, 000

Paid-in captial in excess of par value, common stock

($770,000  - $105, 000 )                                                      $665,000

b)journal entry to record Jevonte Company’s issuance at $3 stated  value and $22 cash per share

Account                                            Debit                        Credit

Cash  (35,000 x $22)                    $770,000

Common stock, $3 stated value (35,000 x 3)                 $105, 000

Paid-in captial in excess of stated value, common stock

($770,000  - $105, 000 )                                                      $665,000

8 0
4 years ago
James Krieg has finished law school but has unsuccessfully taken the bar exam twice. Krieg is running low on patience and cash.
katrin [286]

Answer:

B. Krieg's agreements are void

Explanation:

The bar examination, is the examination that is administered by a jurisdiction's bar association that a lawyer needs to pass before being admitted to the bar of that jurisdiction.

It is the Examination that Lawyers need to pass before they can be given license to practice law in a jurisdiction.

Since Kreig is yet to write his Bar Examination successfully, whatever documents he writes and signs as a Lawyer is void, because,he doesn't have the right to practice law in his Jurisdiction yet.

8 0
4 years ago
Suppose a firm’s business operations are such that they mirror movements in the economy as a whole very closely; that is, the fi
olchik [2.2K]

Answer:

Equity Beta= 27

Explanation:

Please see attachment

5 0
3 years ago
What is the eventual effect on real GDP if the government increases its purchases of goods and services by $50,000? Assume the m
Finger [1]

Answer:

a. The real GDP increases by $200,000.

a. The real GDP increases by $150,000.

Explanation:

a. What is the eventual effect on real GDP if the government increases its purchases of goods and services by $50,000?

Eventual effect on real GDP = Amount of increase in government spending * (1 /(1 - MPC)) = $50,000 * (1 / (1 – 0.75)) = $200,000

Therefore, the real GDP increases by $200,000.

a. What is the eventual effect on real GDP if the government, instead of changing its spending, increases transfers by $50,000?

Eventual effect on real GDP = (Amount of increase in government transfers * (1 /(1 - MPC))) - Amount of increase in government transfers = ($50,000 * (1 / (1 – 0.75))) - $50,000 = $150,000

Therefore, the real GDP increases by $150,000.

3 0
3 years ago
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