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andrey2020 [161]
2 years ago
6

The family business is looking to expand, and some members of the family, but not all, feel that it might be worth bringing in s

omeone from the outside to fill one of the new management positions because the family talent has been pretty much exhausted. Design a process for hiring an external manager. What things should be considered
Business
1 answer:
natka813 [3]2 years ago
6 0

In order to hire an external manager for an expanding family business, it is necessary to implement a hiring process that clearly identifies the organization's set of needs, values ​​and objectives, in order to take the right action.

<h3 /><h3>Family business</h3>

This business structure corresponds to the management and decision-making authority of family members, which can mean a stronger organizational culture with well-established and even inflexible values.

Therefore, according to the culture, in a hiring process, the ideal profile of the professional must also be established for the expansion strategy, which constitutes the focus of the company.

It is also necessary to have an accountability plan that guarantees greater autonomy to the professional, since in family businesses decision-making can be more rigid and centralized.

This can be a positive decision to increase knowledge and bring a differentiated vision to the company, generating innovation and creativity.

Find out more information about family business here:

brainly.com/question/25452811

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10. You are offered an annuity that will pay you $200,000 once every year, at the end of each year, for 25 years (i.e. the first
seraphim [82]

Answer:

PV= $2,749,494

Explanation:

Giving the following information:

Cash flow= $200,000

Number of periods= 25

Interest rate= 5.25%

<u>First, we need to calculate the future value using the following formula:</u>

FV= {A*[(1+i)^n-1]}/i

A= annual cash flow

FV= {200,000* [(1.0525^25) - 1]} / 0.0525

FV= $9,881,102.14

<u>Now, the present value:</u>

PV= FV/(1+i)^n

PV= 9,881,102.14 / (1.0525^25)

PV= $2,749,494

6 0
3 years ago
Match each term with the correct definition.
JulijaS [17]

Answer:

1. Economics - The social science concerned with how individuals, institutions, and society make optimal (best) choices under conditions of scarcity.

2. Opportunity cost - The next-best thing that must be forgone in order to produce one more unit of a given product.

3. Marginal analysis - Making choices based on comparing marginal benefits with marginal costs.

4. Utility - The pleasure, happiness, or satisfaction obtained from consuming a good or service.

6 0
2 years ago
A stock has an average expected return of 10.8 percent for the next year. The beta of the stock is 1.22. The T-Bill rate is 5% a
uranmaximum [27]

Answer: 4.7%

Explanation:

Expected return is calculated as:

= Risk free return + Beta ( Market risk premium)

10.8% = 5% + (1.22 × Market risk premium)

10.8% - 5% = 1.22market risk premium

5.8%/1.22 = market risk premium

Market risk premium = 0.058/1.22

Market risk premium = 0.047

Market risk premium = 4.7%

7 0
3 years ago
Jill invests $1,000.00 to buy ten shares of Good Corporation. The corporation goes bankrupt having no assets and $1 million in l
likoan [24]

Answer:

A. Limited liability.

Explanation:

The limited Liabilities company's protects their members and managers.

It protects their personal assets from the business liabilities.

The laiblities of the business will be settle with the busieness assets. IF there are no more assets, then debts defaults and become uncollectible.

8 0
2 years ago
A bond is a(n):Group of answer choices a) legal promise to repay a debt. b) agreement issued by a financial intermediary linking
aliya0001 [1]

Answer:

a) legal promise to repay a debt.

Explanation:

A bond is an agreement that is made between the issuer or the bank or the financial institution and the borrower.  

The agreement was made in written specify the terms and conditions which involve the borrowed amount, interest rate, and the time period in which the borrower promises to pay back the money to the financial institution.  

3 0
3 years ago
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