Answer:
A corporation is a separate entity apart from that of the owners. A corporation is not responsible for its debts if it fails. A corporation is much larger than other kinds of businesses.
Explanation:
Answer:
Fayolism
Explanation:
Based on the information provided within the question it seems that the management of Mason Mills reflects the ideas and principles of Fayolism. This is a management theory developed by Henri Fayol, which states 14 principles explaining how management should communicate and lead their workers. Many of which state the importance of organization within the business in order for workers to know who to report to and keep everything running efficiently.
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Answer:
The correct answer is false.
Explanation:
A firm incurs both variable cost and fixed cost in the short run. If the firm is able to cover the variable cost in the short run it will continue operating. However, if it is not able to cover its variable cost it will stop operating.
So, if the demand falls such that total revenue is not able to cover total cost but the variable cost is being covered, the firm will not stop production.
In the long run, all the costs are variable. So when the revenue is not able to cover cost, the firms will stop operating.
Answer:
The correct answer is: Chain.
Explanation:
A chain network is a hierarchical structure in which each component of the chain or employee must transmit a message to its immediate hierarchical coworker. Chain networks can flow upwards or downwards in both cases working with the same pace of communication. Chain networks are usually implemented in bureaucratic institutions where the hierarchical structure is well-defined and the decision-making is centralized.
