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2 years ago

Explain what is meant by "Information Technology (IT) flattens organizations?

Business

1 answer:

Shalnov [3]2 years ago

5 0

Answer: The answer is given below

Explanation:

Information Systems are the networks of both the hardware and the software which is used by economic agents to collect, process, create and help in the distribution of data.

Information Technology (IT) flattens organizations simply means that information systems can help in the reduction of the levels in an organization through the provision of information to managers which will be used in the supervision of other emoloyees and also, lower-level employees could be given more authority relating to decision-making.

Since decision making has been pushed to lower level then fewer managers will be needed. This ensures that faster decision making are made and there's increase in the span of control.

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Ellis Television makes and sells portable televisions. Each television regularly sells for $210. The following cost data per tel

Mumz [18]

Question

Ellis Television makes and sells portable televisions. Each television regularly sells for $210. The following cost data per television is based on a full capacity of 10,000 televisions produced each period.

Direct material - $80

Direct Labour -$60

Manufacturing overhead(70% variable, 30% unavoidable fixed cos) -$40

A special order has been received by Ellis for a sale of 2,000 televisions to an overseas customer. The only selling costs that would be incurred on this order would be $6 per television for shipping. Ellis is now selling 6,000 televisions through regular channels each period. What should be the minimum selling price per television in negotiating a price for this special order?

Answer:

The minimum selling price = $174.

Explanation:

The minimum selling price to be acceptable for the special order be the same as the relevant variable cost of producing a unit.

The relevant variable cost = marginal cost of a unit

Marginal cost = Direct material + Direct labour + Variable manufacturing overhead + shipping cost

Marginal cost = 80 + 60 + (70%× 40) + 6

= 174

The minimum selling price = $174.

Note : The 30% balance of manufacturing overhead which represents unavoidable fixed costs is irrelevant for this decision. These are costs that would be incurred either way whether or not the special order is accepted.

8 0

2 years ago

1.) The Korean steel company PoSCO trades in the US on the NYSE as an ADR with the symbol PKX. The price of an ordinary share on

ArbitrLikvidat [17]

Answer:

a) 31.25%

b) 74.83%

Explanation:

You need to take below steps in the investment circle:

(1) You have $100,000 to invest and the price of the ADR is $100; so you can buy 1,000 ADRs = $100,000/ $100

(2) It takes 4 ADRs to buy 1 ordinary share; so with 1,000 ADRs you can buy 250 ordinary shares = 1,000 ADRs / 4 ADRs

Six months from today, price for 1 ordinary share is KRW525,000 and the exchange rate is KRW1,000/$.

(3) If you sell 250 ordinary shares, you can get KRW131,250,000 = 250 shares x KRW525,000

(4) Then you sell KRW131,250,000 to get $131,250 = KRW131,250,000/ exchange rate KRW1,000/$

So the profit after 6 months is $31,250 = $131,250 - $100,000

The rate of return is 31.25% = $31,250/$100,000 x 100%

Suppose 3 ADRs buy 1 ordinary share, then some steps changed as below:

(1) same as above

(2) you can buy 333 ordinary shares = 1,000 ADRs / 3 ADRs

(3) If you sell 333 ordinary shares, you can get KRW174,825,000 = 333 shares x KRW525,000

(4) Then you sell KRW174,825,000 to get $174,825 = KRW174,825,000/ exchange rate KRW1,000/$

So the profit after 6 months is $74,825 = $174,825- $100,000

The rate of return is 74.83% = $74,825/$100,000 x 100%

7 0

2 years ago

Which of the following statements is not true of a strategic inflection point?

Elanso [62]

Answer:

The correct anwer is E) A new CEO is an example of a strategic inflection point.

Explanation:

The statement that "A new CEO is an example of a strategic inflection point" is false since to determine a strategic inflection point we rely on other factors that affect companies such as the power of competitors, the power of customers, the power of potential competitors, the power of suppliers and the power of substitutes.

For example, if my product or service is exceeded 10 times more by the competition in quality or price; we are talking about a strategic inflection point.

8 0

2 years ago

The goal of a new Central American group formed as an economic union is to have a Council of Ministers that would coordinate the

Sophie [7]

Answer:

option C

Explanation:

In simple words, Regional institutions can be defined as , in a way, international agencies as they integrate international participation and accept geopolitical institutions which surpass a single country state structurally.

Yet their participation is distinguished by borders and distinctions typical of a given and special region, such as continents as well as international politics, such as financial coalitions.

They were developed to promote collaboration and social and economic convergence, or interaction within the same restricted territorial or political frontier between countries or institutions.

3 0

2 years ago

If you were advising which actions a company should take to perform value chain activities more cost effectively, you would not

Shalnov [3]

Answer: redesign its products to eliminate those features that might have market appeal, but would excessively increase production costs.

Explanation:

The main aim of every organization are typically cost minimization and profit maximization. If I wanted to advise a company on the kind of actions to take to perform value chain activities more cost effectively, I'll tell them to improve their supply chain efficiency as well as use economies of scale and effective utilization of its resources.

Therefore, redesigning its products to eliminate those features that might have market appeal, but would excessively increase production costs is wrong as this will only lead to increase in cost.

4 0

2 years ago