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2 years ago

Discuss characteristics of modern organization and give reasons why there are frequent changes in organizations

Business

1 answer:

Snowcat [4.5K]2 years ago

4 0

Explanation:

The main characteristics of modern organizations are the focus on people and diversity. These characteristics are impacted by globalization and new technologies, which caused organizations to expand their business to other countries, so it was necessary to adapt the organizational culture, with ethical values that promote cultural diversity and plurality due to globalization.

Human capital is highly valued in today's organizations because the market is extremely competitive and the biggest differentiation is through ideas, innovation, productivity and job satisfaction.

Organizational changes come from economic, social changes that dynamize business and make them geared towards adapting to meet the new forms of consumption demanded by society.

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Answer:

True

Explanation:

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2 years ago

Quantity Discount: Consider a quantity discount problem where the yearly demand for the product is 1,286 units, the ordering cos

Nataly [62]

Answer:

EOQ = 72 units

Explanation:

Annual demand D = 1,286 units

Ordering cost S = $47

Holding percentage I = 35%

So, 0 - 199 units, the unit cost is $66

EOQ = $\sqrt{2DS/PI}$

EOQ = $\sqrt{(2 * 1286 * 47)/(66*0.35)}$

EOQ = $\sqrt{5233.07}$

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2 years ago

In a command economy, the goods and services that a country produces, the quantity in which they are produced, and the prices at

IrinaK [193]

Answer:

In a command economy, the goods and services that a country produces, the quantity in which they are produced, and the prices at which they are sold are planned by the government

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2 years ago

The following transactions took place for Smart Solutions Inc. 2017 a. July 1 Loaned $79,000 to an employee of the company and r

OLEGan [10]

Answer:

1 July 2017 Notes receivable $79000 Dr

Cash $79000 Cr

31 Dec 2017 Interest receivable $3950 Dr

Interest revenue $3950 Cr

30 June 2018 Interest receivable $3950 Dr

Interest Revenue $3950 Cr

1 July 2018 Cash $7900 Dr

Interest receivable $7900 Cr

1 July 2018 Cash $79000 Dr

Notes receivable $79000 Cr

Explanation:

The receipt of note against issuing loan will cause a credit to cash against notes receivable.

The interest from July to Dec 2017 relates to 2017. Following accrual principle it will be recorded as interest revenue and as it is not received so an asset Interest receivable will be debited.

The interest expense for 6 months is = 79000 * 0.1 * 6/12 = 3950

First we will record the remaining interest on 30 June 2017. Remaining interest = 7900 - 3950 = 3950

Then we will debit cash on July 1 when interest is received and credit interest receivable to close the account.

The cash will be debited and notes receivable account will be closed by crediting it.

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2 years ago

During the first year of operations, a company sold $115,000 of goods to customers and received $97,500 in cash from customers.

rjkz [21]

Answer:

$43,500

Explanation:

<em>Net income = sales - expenses </em>

sales = 115,000

expenses (cost) = 71,500

net income = 115,000 - 71,500 = 43,500

<u>We calculate based on the matching principle.</u>

The revenues and expenses should be recognized during the period they occur.

In this case, the sales are for 115,000 regardless of the amount collected during the period or subsequent periods

The expenses for the period are 71,500 Even if a portion remains unpaid at the end of the year, all the expenses for the year should be included in the calculation.

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3 years ago

Discuss characteristics of modern organization and give reasons why there are frequent changes in organizations​

Discuss characteristics of modern organization and give reasons why there are frequent changes in organizations