Answer: The profits would be shared equally
Explanation: This is because
Since there was no agreement stating how profits would be divided,then the applicable state Limited Liability Company statute will rule. Most LLC statutes states that if members do not specify how profits are to be divided, they will be divided equally. As long as no operating agreement or LLC statute addressed the particular issue, the partnership law applys which also indicates that profits should be divided equally among the owners of a firm unless it was specified otherwise.
Answer:
<u>Organic.</u>
Explanation:
An organic organizational structure has emerged from a current need for companies to quickly adapt to market changes and optimize processes. Which is justified by the great competition of the market and its instability.
This structural model is characterized by greater flexibility rather than rigidity, as decisions are decentralized and there is greater interaction between the functional areas of the organization. The benefits of this organic structural model are mainly the possibility of innovation and adaptation to changes, the hierarchical flexibility that generates greater interaction between employees and motivation to contribute with solutions to possible problems.
But like every structural model, there are also the negatives, which can be justified by the emphasis on relationships, which can cause inefficiency at some point, as concern for human needs can be taken into account more than concern for technical efficiency, which is a relevant challenge for companies with an organic structure.
A wage is a monetary compensation paid to a worker or an employee for the work done or service provide. In a firm or a factory there are two types of labor namely direct labor and indirect labor. Direct labor are the workers on the production line whose efforts directly produce what the company manufactures while indirect labor are all the other workers such as the watchman or security guard. In this case, the wages of a timekeeper would be classified as indirect labor.
Answer:
The answer is: C) Hewlett Packard has cut lead time from five days to one by employing JIT inventory management.
Explanation:
Michael Porter categorized the following business activities as primary activities:
- Inbound Logistics
- Operations
- Outbound Logistics
- Marketing and Sales
- Service
Lead time is the time spent between starting and finishing an operation or production process.
Answer:
Labour productivity at an anniversary celebration = 43.75
Labour productivity at a wedding reception = 115
Labour productivity is higher at the wedding reception.
Explanation:
Labour productivity is the ratio of output to labour
Labour productivity at an anniversary celebration = 350 / 8 = 43.75
Labour productivity at a wedding reception = 230 / 2 = 115
Labour productivity is higher at the wedding reception. Less labour produces more more meals.
This can be explained by the law of diminishing marginal returns
the law of diminishing returns states that as more units of a variable input is added to a fixed income of production, output might increase at a point but after some time total output would increase at a decreasing rate and marginal product would be decreasing.
