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Solnce55 [7]
3 years ago
11

Which of the following is NOT true about organizational processes? Select one: a. They are only found at the top hierarchy level

s within an organization. b. Valuable new processes that might lead to a competitive advantage can be developed anywhere within the organization’s network of operations. c. Effective processes can lower the costs of value creation and add additional value to a product. d. Processes cut across functions, or divisions, and require cooperation between individuals in different subunits. e. A firm’s core competencies or valuable, knowledge-based resources are embedded in its processes.
Business
1 answer:
Viefleur [7K]3 years ago
8 0

Answer:

A. They are only found at the top hierarchy levels within an organization.

Explanation:

Organization process involves various activities that set out the business goals of the organization and develop process, product and resource assets which, when implemented will help to achieve business goals. This is a process that defines the actual work needed to achieve the goal, assigning those tasks to individuals, and putting those individuals in a decision‐making framework.

Hence, in general, the organization process involves five steps, which are:

1. Creation of Job design

2. Departmentation

3. Delegation of Authority

4. Span of Management

5. Chain of control.

With the above five steps that is involved in the organization process, it is therefore clear that, the only statement which is not true of Organization process from the available options is: They are only found at the top hierarchy levels within an organization.

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Inflation is a general rise in the level of prices experienced by people in a nation.
vladimir2022 [97]

Answer:

True.

Explanation:

Inflation is an economic term that can be defined as the increase in the prices of a product on the market in a given period.

It can occur due to several factors, when there is an imbalance between supply and demand, then it is correct to say that when the demand for a product is greater than the supply, there will be an increase in prices and, consequently, inflation.

It can also occur when there are situations of monopoly, which is the pricing of a product controlled by a company.

Another factor that causes inflation is the increase in a company's production costs, which can be caused by factors such as scarcity, or economic crisis.

Uncontrolled inflation has a negative impact on the consumer's life, which starts to lose its purchasing capacity and has its quality of life reduced.

4 0
3 years ago
A(n) ____ project implements changes to an existing system to enable operation in a different technology environment. question 5
RSB [31]

Maintenance

What is Technology Environment?

Environmental technology (envirotech), also referred to as green technology (greentech), or clean technology (cleantech), is the application of one or more of environmental science, green chemistry, environmental monitoring, and electronic devices in order to monitor, model, and conserve the natural environment and resources, as well as to lessen the adverse effects of human involvement. The phrase is also used to refer to renewable energy generation methods like photovoltaics and wind turbines. The foundation of environmental technology is sustainable development. Another use of the phrase "environmental technology" is to refer to a group of technological gadgets that can support resource management that is sustainable.

To learn more about Technology Environment

brainly.com/question/15157500

#SPJ4

8 0
1 year ago
Demand for food doesn't change in response to a change in price. Why?
Alborosie

the answer is D, demand for food is inelastic

7 0
3 years ago
Read 2 more answers
Suppose that a firm's production function is given by Q = KL(MPK = L and MPL = K), where Q is the quantity of output, K is units
Lelechka [254]

Answer:

Please find the detailed answer as follows:

Explanation:

Q = KL

Wage = 30

Rent or price per unit of capital = 20

a) A firm minimizes its cost at the point where marginal rate of technical substitution is equal to the ratio of the prices of inputs.

So, marginal rate of technical substitution = marginal product of labor / marginal product of capital = wage / rent

K / L = 30 / 20

K / L = 1.5

K = 1.5L

Q = KL

Putting the value of Q = 600 and K = 1.5L in the above equation,

600 = 1.5L x L

600 = 1.5L2

L2 = 600/1.5 = 400

L = 20 is the answer.

K = 1.5L

K = 1.5 x 20 = 30 is the answer.

So, 20 units of labor and 30 units of capital should be used by firm to minimize the cost of producing 600 units of output.

b)

A firm minimizes its cost at the point where marginal rate of technical substitution is equal to the ratio of the prices of inputs.

So, marginal rate of technical substitution = marginal product of labor / marginal product of capital = wage / rent

K / L = 30 / 20

K / L = 1.5

K = 1.5L

Q = 1.23KL

Putting the value of Q = 600 and K = 1.5L in the above equation,

600 = 1.23 x 1.5L x L

L2 = 600 / (1.23 x 1.5)

L2 = 325.2

L = 18 approximately or rounded off.

K = 1.5L

K = 1.5 x 18 = 27

Total cost = (wage x units of labor used) + (rent x units of capital used)

= (30 x 18) + (20 x 27)

= 540 + 540 = 1080 is the answer.

8 0
3 years ago
A worker who loses a job at a call center because business firms switch the call center to another country is an example of whic
alexira [117]

Answer:

"Structural unemployment" is the right approach.

Explanation:

  • The terminology economists mischaracterize unemployment, which seems to be the consequences of such an absence or failure of coordination of talents as well as of opportunities, is defined as Structural unemployment.
  • This would be caused by economic shifts that prevent jobless persons from finding opportunities throughout different firms with very high qualifications.
6 0
3 years ago
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