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Naily [24]
2 years ago
11

Define and discuss the four common denominators of all organizations, and provide an example for each component. What is the dif

ference between an open and closed system? Provide an example for each system.
Business
1 answer:
-BARSIC- [3]2 years ago
4 0

Answer: The four common denominator of every organisation is a)common purpose, b) coordinated effort, c)division of labor, d) hierarchy of authority.

Explanation: Every organisation lembodied with these four common denominators:

1) coordination of effort - This is the formulation and enforcement of policies, rules, and regulations achieved through working together in a way that will maximize resources. individuals and groups contribute their effort through diverse skill sets to create value. For example every company consists of different diverse skill set- accountant, manager, clerk, security guard, etc all these people come together to fuse Thier skills in an effective running of any organization.

2)a common goal: This is achieved when every member of an organisation understands it's company's mission, strategy, and values, it tends to bring unity in the organisation and achieve success. For example When a new employee joins a business, he /she would try to fit into the existing culture which is due to a sense of belonging they feel that they will succeed by taking up the behaviors of people whom have had long membership in the culture and worthy of emulation.

3.) division of labor - This occurs when the common goal is pursued by individuals performing discrete parts of a task for greater efficiency for example in a production company Each worker performs a specific task . boosting productivity and efficiency.

4)hierarchy of authority- Also called the chain of command, is a control mechanism which aims to making people do the right things at the all times by enabling them make decisions quickly when necessary. Here order flows from the topmost pyramid of hierarchy to the lowest pyramid m for example

Nicholas receives a report from his Quality control team that a new drug has successfully passed all regulatory tests and is ready for production and sales to the public. Nicholas then sends directions to his head of finance to prepare a budget for financing the manufacturing and marketingof the new drug. He directs his marketing president to develop a marketing plan production manager to develop a production schedule based on the projected budget received from the finance manager.

Each managers will delegate part of their task to their respective department heads who will in turn, delegate some tasks to the members of respective team. Once the task has been completed, the information will flow back up through the hierarchy to Nicholas where it will be assessed and further decisions and directives will be made.

B)

---Open system: An Open system is an adaptive system with porous boundaries which allows exchange of ideas and information whether random or defined with useful feedback . It interacts with its outside environment and thus exchanges information to change thier system with changing conditions in terms of improvement and development. Examples include Hospitals, educational Sectors, Buisness organisation s etc.

--Closed systems, unlike open systems, are not adaptive, or porous. Only very thorough little information is exchanged.

A closed system does not need interactions with its environment and most times isolates from the environment to function effectively. Such systems are very a rare. Examples include the Millitary- army, Monasteries.

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Varmit-B-Gone is a pest control service that operates in a suburban neighborhood. The company attempts to make service calls at
lubasha [3.4K]

Answer:

VARMIT B-GONE

BUDGETED INCOME STATEMENT

sales revenue ( 90%*1500*2.4*80%*$80)              $207,360

Service cost :

variable cost                                          $17280

Maintenance and repair                        15,998

Depreciation                                           <u> 42,000</u>      <u>  75,278</u>

Gross profit                                                                 132,082

marketing and administrative cost :

Marketing (variable )                               10,440

administrative (fixed)(55,000*105%)       57,750                      

bad debt( 2%*207360)                          <u>   4,147    </u>      <u>  72,337</u>

net income                                                                   <u>  59,745</u>

Explanation:

service cost :

variable cost =  (24,000/3600)*2592 =  $17,280

maintenance and repairs = (22,000/3600)*2592 *101% =  $15,998

Marketing cost  = ($14,500/3600)*2592 =  $10,440

7 0
2 years ago
It is election day and 1800 voters vote in their precinct’s library during the 10 hours the polls are open. On average, there ar
lorasvet [3.4K]

Answer:

Inventory = 15 voters

Flow rate = 3 voters per minute

Flow Time = 5 minutes

Explanation:

Flow rate is defined as the flow of units for each minute, or the minutes or each unit.

Here, number of voters is the units = 1,800 voters

Also provided number of hours = 10

Thus, flow rate shall be:  1,800/10 = 180 voters each hour

Now \frac{180}{60\ minutes} = 3 voters per minute.

Flow time is the average time by each unit, that is time taken for each unit.

Flow time = 5 minutes

Now, that we know what flow rate and flow time is:

Inventory of voters = Flow rate \times Flow time = 3 voters \times 5 minutes = 15 voters.

5 0
2 years ago
To save energy and money, Jackie Smith replaced the 150 Watt incandescent light bulb in her house with a 32 Watt CFL bulb. The e
wlad13 [49]

Answer:

total savings using CFL light bulbs = $47.09

Explanation:

We can compare the costs of 8,000 hours of lighting:

incandescent light  bulbs

  • you need 8 incandescent light bulbs to generate 8,000 hours of lighting = 8 x $0.70 = $5.60
  • they will consume a total of 150 watts x 8,000 hours = 1,200 kWh x $0.05 per kWh = $60
  • total cost = $5.60 + $60 = $65.60

CFL light bulbs

  • you need one CFL light bulb to generate 8,000 hours of lighting = $5.71
  • it will consume a total of 32 watts x 8,000 = 256 kWh x $0.05 = $12.80
  • total cost = $5.71 + $12.80 = $18.51

total savings = $18.51 - $65.60 = -$47.09

8 0
2 years ago
Svetlana won $1,000,000 in a contest, to be paid in twenty $50,000 payments at yearly intervals, the first payment paid at the t
goldfiish [28.3K]

Answer: 31155.5

Explanation:

The following can be deduced from the question:

Money won = $1,000,000

Installments made yearly = $50,000

Interest rate = 5%

The yearly deposits made by Svetalana will be: = 500000-x

The future Value of the yearly deposits made by Svetalana will be:

= (50000-x) × (1/(1.05) + (1/(1.05)^2 .....(1/(1+0.05)^20))

= (500000-x) × 33.066

We should recall that the interest from the question is equated to x. This will be:

33.066 × (50000-x) × 0.05 =x

1.6533(50000 - x) = x

82665 - 1.6533x = x

2.6533x = 82665

x = 82665/2.6533

x = 31155.5

7 0
2 years ago
Suppose apartments are in four locations: Location A, Location B, Location C, and Location D. Location A is in the city, where y
dem82 [27]

Solution:

Assume:

A=0

B=1

C=2

D=3

Formula:

185X - (10X * 2)/60 * 21 * 22  = ?

Cost Savings:

Apartment A = $0.00

Apartment B = $23.00

Apartment C = $46.00

Apartment D = $69.00

According to the time value, Apartment D provides the most savings.

Renting, which is three times less than Apartment A, compensates for 30 minutes each way (or 1 hour per day at $22/hr for 21 days). The rate of net income $405 is $336.

8 0
2 years ago
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