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Nata [24]
2 years ago
7

Typhanie, a customer service representative with WestComm Wireless Services, was asked by one of her customers if WestComm would

be interested in joining the chamber of commerce to meet potential customers and increase its contacts in the local business community. Typhanie believes this is a very good idea and approached her manager, Deondre, about becoming a chamber member. Deondre said to Typhanie, "Because the cost of membership is over $500 and you will have to leave the office to attend meetings, I will have to get approval from management above me." WestComm is an example of an organization with:________.A. work specialization.B. unity of command.C. line managers.D. decentralized authority.E. centralized authority.
Business
1 answer:
insens350 [35]2 years ago
8 0

Answer:

E. Centralized Authority.

Explanation:

As Typhanie, a customer service representative with WestComm Wireless Services, was asked by one of her customers if WestComm would be interested in joining the chamber of commerce to meet potential customers and increase its contacts in the local business community. Typhanie believes this is a very good idea and approached her manager, Deondre, about becoming a chamber member. Deondre said to Typhanie, "Because the cost of membership is over $500 and you will have to leave the office to attend meetings, I will have to get approval from management above me." WestComm is an example of an organization with centralized authority.

In centralized authority, the decisions are made from the top level management or decisions are made from certain managers. Anyone can't make decisions by his or her own in this kind of management style. This system has many flaws as well. As we have seen here in this case, Typhanie is interested in going to chamber of commerce which definitely will be very good for the organisation but when she approached her manager Deondre, he said he even himself can't decide about it, he has to get the orders from his boss. Although the event can be good for the organisation but centralized decision making has made it almost impossible.

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If a security currently worth $12,800 will be worth $15,573.16 five years in the future, what is the implied interest rate the i
Anna007 [38]

The implied rate of interest is 4.00%

Explanation:

Principal (initial security worth)- $ 12,800

Final amount - $ 15,573.16

Time taken – 5 years

No additional deposition or withdrawal in between

∴ Rate of interest

This is the problem pertaining to compounding interest.

We know that for compound interest

Amount (A)= Principal(P)(1+R/100)ⁿ

Where R= rate of interest

N= time period

Thus, equation can be rearranged as  

A/P=(1+R/100)ⁿ

Substituting the values of A, P and n as $15,573.16, $12800 and 5 years respectively

15573.16/12800=(1+R/100)⁵

Solving the above equation we would get R as 4%

5 0
2 years ago
Read 2 more answers
A manufacturing company plans to forecast its sales. Upper management plans to assemble its most senior personnel to have meetin
ludmilkaskok [199]

Answer:

B. Jury of executive opinion method.

Explanation:

There are several methods of forecasting sales, one of which is Jury of executive opinion method. In this method, senior executives in an organization are called upon by the upper management to analyze, deliberate and come up with what probably will be the future sales of the organization which will in turn drive future revenue.

In as much as the people involved have experience in terms of forecasting, their overall submission will form the basis of future sales forecast of the organization.

Unlike Delphi method which involves the use of experts in analyzing and forecasting future sales and whose procedure is somewhat rigorous and formal, jury of executive opinion is not formal and only rely on the outcome of deliberations done by the managers appointed by the organization.

Other method of sales forecast are market share method, buyer intention method. etc.

5 0
2 years ago
Sydney has inherited her grandmother's estate worth approximately $4.5 million. She is worried about paying taxes on the estate
weeeeeb [17]

Answer:

She pays the inheritance tax , while the estate is responsible for the estate tax.

Explanation:

Inheritance tax is a form of tax that every beneficiary of an inherited estate must pay. Regardless of the situation and location of the inherited property , inheritance tax is calculated individually for different beneficiary.

The estate in which a particular property is located is responsible for the estate tax. This is calculated based on the value of the property and paid by the estate management for all properties within the estate before rents are remitted to the landlords.

4 0
2 years ago
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Imagine that you are an executive at a large bank. You have been tasked with overseeing your company's implementation of an enti
Afina-wow [57]

Answer:

My straight answer is you need a Diverse team with somewhat a high level of management with Gain Sharing Program as the incentive programme.

Explanation:

Since the question is long, I'll make it shorter. The team is New, the goal is wide, the team's autonomy (working independence) is not much strong.

A Diverse team is required as the set of tasks needed to be done requires different skill sets. (like law, tax, etc.)

Although the team is highly talented, they are new and not much experienced. So, a high level of management is required at the beginning until the team stabilizes.

Since its a new and diverse team, team spirit has to be established. An unfitting rewarding system could be the very beginning of various conflicts, trust issues and jealousy among peers in the group. Eventually destroying the team altogether.

Gain Sharing program mainly focus on improving the team productivity through participation, involvement and creative innovation. Eventually the entire team's productivity goes up and then the entire team is rewarded.

5 0
2 years ago
Exeter Company acquires 35% of the voting stock of Fenton Corporation for $7,000,000 on January 1, 2020. At the time, the book v
ArbitrLikvidat [17]

Answer:

a. $700,000.

Explanation:

20,000,000 x 35% = 7,000,000

purchase cost:          7,000,000

nor goodwill or excess of value should be recognized.

But, if the face value is 15,000,000 then:

15,000,000 x 35% =  5,250,000

we recognize a goodwill of 1,750,000

which will be amortized over 5 year thus:

1,750,000 / 5 = 350,000

For the income of Frenton it will recognize the proportion of the net income and subtract the amortization on the goodwill.

3,000,000 x 35% =   1,050,000

amortization        <u>       (350,000)  </u>

<em>income from Frenton  700,000</em>

<em />

8 0
2 years ago
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