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Naddik [55]
2 years ago
5

As the new general manager of a regional cable service, Joe is studying the formal configuration of groups and individuals in re

spect to the allocation of tasks, responsibilities, and authority within the cable company. He notices that there are numerous layers of people between the cable installers and technicians and himself as general manager. He thinks this is because of the high degree of specialization in the company. Everyone seems to have very narrowly defined jobs. Joe decides he wants fewer layers of employees and for each manager to have responsibility for more employees. He reduces the number of managers from 10 to 3. As a consequence, each manager will make of his/her own decisions and rely less on Joe. Joe's initial study is of the cable company's:______________.
Business
1 answer:
Brums [2.3K]2 years ago
8 0

Administrative restructuring; done at managerial level for effective decision making and delegation of power down the order.

<u> Explanation: </u>

According to the narration given in the above statement the general manager is of the view that too much layer of manager will hamper the decision making and effective delegation of work.

So, after a detailed study of manager’s role and responsibility at the level he decided to downsize the structure from 10 managers to 3 managers who will report to him for making effective decisions.

He has delegated power to the new managers and by doing so it has reduced the burden of the Joe. By doing this the organisation objectives and goals can be met at the targeted time.

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Ashley has a large and growing collection of animated movies. She wants to replace her old television with a new LCD model, so s
Vlad [161]

Answer:

Option (D) is correct.

Explanation:

1.We use the formula:

A=P(1+\frac{r}{100})^{n}

where

A=future value

P=present value

r=rate of interest

n=time period.

A=1,060(1.12)^{2}+ 1,060(1.12)^{1} + 1,060

A=1,060[(1.12)^{2}+(1.12)^{1} + 1]

         = 1,060 [1.2544 + 1.12 + 1]

         = 1,060 × 3.3744

         = $3,576.864

Therefore, the amount of $3,576.864 will Ashley have to buy a new LCD TV at the end of three years.

(b) Future value of annuity due = Future value of annuity × (1 + interest rate)

                                                    = $3,576.86(1 + 0.12)

                                                    = $3,576.86 × 1.12

                                                    = $4,006.08

She will save around $4,006.08

4 0
2 years ago
Diego owns and operates a small business with only four full-time employees and less than $700,000 in annual sales. He currently
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2 years ago
Polaski Company manufactures and sells a single product called a Ret. Operating at capacity, the company can produce and sell 34
Tpy6a [65]

Answer:

$69020

Explanation:

Selling price -$54

Incremental selling price =54*(1-0.16)=45.36

Incremental sales - 45.36*7000= 317520

Contribution -

Direct materials = 24*7000 =     (168000)

Direct labor = 6*7000 =              (42000)

Variable manufacturing =           (21000)     (3*7000)

Variable selling price =                (3500)        2*(1-0.75)

Total contribution =                      83020

Additional cost of machine       (14,000)

Incremental profit                        69,020          

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If a firm sells a floor at 6% this will:
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Answer:

E.pay the holder the LIBOR interest above 6%.

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On the off chance that the firm is selling the asset(floor) at 6%, it implies that the benefit is in contract and thus when selling the floor the holder of the floor should make installment to the mortgagee at LIBOR+6%, after which the deal will be concluded.

Therefore, the answer will be pay the holder LIBOR interest above 6%

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