Through the training provided to new supervisor Daquain, Director Callista hopes that by understanding the organizational structure, Daquain will be able to coordinate and motivate staff to provide excellent patient care.
The organizational structure of a company is defined as its organization in relation to its sectors, processes and hierarchy, so that its planning is carried out taking into account its needs and mission, vision and values.
The combination of these formal structures will impact:
- Job performance
- Communication
- Decision-making
Therefore, it is essential that each employee understands the organizational structure so that quality is maintained and objectives achieved.
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Answer:
Current assets minus current liabilities
Explanation:
The working capital is a difference between the current assets and the current liabilities.
In mathematically,
Working capital = Current assets - current liabilities
where,
Current assets = Cash + account receivable + prepaid insurance + stock
Current liabilities = short term note payable + account payable
The change in the working capital shows in the operating section of the cash flow statement
Answer:
Overcome its competitive disadvantage against Nike
Explanation:
A competitive disadvantage occurs when a business faces adverse market scenario due to one of it's competitor gaining a competitive edge over it, which drives down the sales of such a business.
If one company gains a competitive advantage, for others in the same industry, it would be a competitive disadvantage.
A competitive disadvantage leads to an under performance by a business owing to a competitor's efficient performance.
Disadvantage typically arises on account of the competitor's better know how,scale of operations, location of the plant, etc.
In the given case, Adidas acquisition of another footwear brand i.e Reebok was more driven out of overcoming its competitive disadvantage against Nike. The market comprised of few big sportswear brands with Reebok being one of those. By acquiring Reebok, Adidas reduced competition and at the same time became better equipped to compete against Nike.
Answer:
profit margin 7.77%
<em><u>Interpretation: </u></em> from evey dollar of sales the firm achieves almost 8 cent of net income
inventory turnover ratio 3.45
<em><u>Interpretation: </u></em>the inventory is sold 3 and a half times during the year
Explanation:
the profit margin is the quotient between net income and sales.
127,500 / 1,640,000 = 7.77%
the inventory turnover wil be the cost of good sold over the average inventory during the year
(312,500 + 257,500)/ 2 = 285,000
982,500 / 285,000 = 3,447368421
Answer:
A. There’s a decrease in demand
Explanation:
here are the options to this question :
A. There’s a decrease in demand
B. There’s an increase in demand
C. There’s an increase in supply
D. There’s a decrease in supply
A perfect competition is characterised by many buyers and sellers of homogeneous goods and services. Market prices are set by the forces of demand and supply.
A normal good is a good whose demand increases when income rises and falls when income falls.
if the airfare of flights into Southern California rises, it would become more expensive for people to book flights. As a result, less people would book flights and less people would travel for vacation and less people would occupy vacation hotel and motel rooms in the vicinity of Disneyland. so, the demand for vacation hotel and motel rooms in the vicinity of Disneyland would fall.