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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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Well-Bread Grain Company is a price-taker and uses target pricing. The company has just done an analysis of its revenues, costs,
mixer [17]

Answer:

The target fixed cost are $200,000

Explanation:

According to the given data we have the following:

Target full product costs= $ 500,000

Production volume= 150,000 units

Actual variable cost= $2 per unit

Therefore, Variable costs= 150,000 units × $ 2 = $ 300,000

In order to calculate the the target fixed cost we would have to make the following calculation:

Target fixed cost=Target full product costs-Variable costs

Target fixed cost=$ 500,000-$ 300,000= $ 200,000

The target fixed cost are $200,000

6 0
2 years ago
Yogi expects to produce 1 comma 700 units in January and 2 comma 180 units in February . The company budgets 3 pounds per unit o
algol [13]

Answer and Explanation:

The Preparation of Yogi ​'s direct materials budget for January and February is shown below:-

                                 Direct material budget

                    Two months ended Jan 31 and Feb 28

                                                          January   February

Budgeted units to be produced a     1,700        2,180

Direct material pounds per unit b          3               3

Direct materials needed for

production (c = a × b)                           5,100       6,540

Add: Desired direct material

in ending inventory (pounds) d           3,060      4,300  

                                                     (5,100 × 0.6)

Total direct materials needed             8,160      10,840

(e = c + d)

Less: Direct material beginning in

inventory(pounds) f                               5,200     3,060

Budgeted purchase of direct  

material g = e - f                                     2,960     7,780

Direct material cost per pound h             $15         $15

Budgeted cost of direct material

purchases i = g × h                               $44,400  $116,700

5 0
2 years ago
Which of these is an example of delayed purchasing?
erik [133]
An example of delayed purchasing is when you would pay for a hot tub in 39 weeks and receiving the hot tub today. It is like a car loan, you would pay for the car over a certain time frame and you would drive home with the car that day. The correct answer is B. 
4 0
2 years ago
Read 2 more answers
A company is currently selling 10,000 units of product monthly for $40 per unit. The unit contribution margin is $27. The compan
Ludmilka [50]

Answer:

The company should accept the idea because profit will increase by $24,000.

Explanation:

A company is currently selling 10,000 units of product monthly for $40 per unit.

The unit contribution margin is $27.

The company believes that spending $50,000 per month on advertising will allow them to increase the selling price to $45 and that sales will increase by 750 units per month.

The unit contribution margin is the difference between selling price and variable cost per unit.

An increase in the selling price of $5 will cause the contribution margin to increase by $5, from $27 to $32.

Profits is the product of contribution margin and number of output.

At initial price, the profit was

= 10,000\ \times\ \$ 27

= $270,000

At the new price the profit will be

= 10,750\ \times\ \$ 32  - $50,000

= $344,000 - $50,000

= $294,000

The increase in profit

= $294,000 - $270,000

= $24,000

3 0
2 years ago
Bret Rockford bought a home with a 11.5% adjustable rate mortgage for 20 years. He paid $10.67 monthly per thousand on his origi
Anastaziya [24]

Answer:

$746.90

Explanation:

The old monthly payment can be derived from the information given in the scenario:

It says that ''at the end of 1 year he owes the bank $70,000'' and we are also told that ''he paid $10.67 monthly per thousand on his original loan.''      

Logically then, the old monthly payment = $10.67 per $1,000 into $70,000      

Old monthly payment = ($70,000 /  $1,000) x $10.67

which is 70 x $10.67 = $746.90

4 0
2 years ago
Read 2 more answers
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