Answers
The change in the economic welfare of a country associated with an increase in a tariff equals: efficiency loss - terms of trade gain.
The terms of trade (TOT) describes the relationship between a country's export and import prices. The TOT index is defined as a country's total exports minus its total imports. This ratio is calculated by dividing the export price by the import price and multiplying by 100.
TOT is used as an indicator of a country's economic health, but it can lead analysts to mislead. Changes in import and export prices affect TOT, so it is important to understand what caused prices to rise or fall. TOT measurements are often indexed for economic monitoring.
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Related Questions
Refer to the short-run data in the accompanying graph. The profit-maximizing output for this firm is...
Answers
The profit-maximizing output for this firm, given the short - run data on the graph, is 320 units.
How to find the profit - maximizing output?The profit-maximizing output for a firm is the point where the marginal revenue received is equal to the marginal cost incurred. This means that every additional unit sold both cost the same to produce, as the revenue it brings in.
The point where the marginal revenue and the marginal cost are equal to each other is the lowest point of the Total cost curve This point on the graph is 320 units so this is the profit-maximizing output.
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During 2019, equipment with a book value of $49,000 and an original cost of $255,000 was sold at a loss of $4,800. 1. How much cash did Anders receive from the sale of equipment? 2. How much depreciation expense was recorded on equipment during 2019? 3. What was the cost of new equipment purchased by Anders during 2019?
Answers
Answer:
1) 44200
2) & 3) Balancing figure of provision for depreciation account, equipment account give depreciation on equipment sold, new equipment purchased.
Explanation:
1) Cash received for sale of equipment = Current Book Value - Loss at sale
49000 - 4800 = 44200
2) 'Depreciation on equipment for current year' can be solved by making - equipment ac & provision for depreciation account.
Equipment opening balance at dr side, closing balance at cr side ; & provision opening balance cr side, closing balance dr side. Provision for depreciation ac dr balancing figure, is the depreciation on sold asset upto 2015, transferred to asset account cr side.3) Depreciation (transferred), Loss on sale, & sale amount credited to equipment ac. Balancing figure on dr side of equipment ac shows new equipment purchased during the year.
The Munsters have been saving money in order to buy a house. They figure that, given current interest rates, they could afford a $465,000 home. Before looking at houses on the market they decide to explore the possibility of building a new home. The Munsters figure they could buy a suitable lot for $102,500–$$107,500. At a minimum they want to build a 2,300-square-foot house. The cost for a house of the quality they desire is $186 per square foot. Given this information, should the Munsters pursue the option of building a new house?
Answers
Answer:
Solution Cost of Lot = 75000 Area = 2400 square foot Cost per Square Foot = 160 Total Cost of Building Flat = 75000 + (2400 x 160) = 459,000 Cost
Explanation:
No, the given information, does not support the Munster's pursuing the option of building a new house because the cost is high to build a new house.
What is the importance of a house?A decent house offers defense. Violence and sexual abuse against children are less likely. They are less likely to be compelled to work as children, get married off at a young age, or be coerced into joining armed organizations. Having a house guarantees that displaced individuals have easier access to humanitarian relief.
Given,
Cost of ready house = $465,000
Cost of building new house = $102,500 + $186 x 2,300 (min sq.ft )
Cost of building new house = $530,300
The cost of building a new house is greater by $65,300 ( 530,300 - 465,000)
Thus, the Munsters drop down the decision to build a new house they should purchase a ready-made house.
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as an austrian-thai company, red bull has done a remarkable job of positioning itself internationally by coming across as a local company in every country where red bull is sold. Would you be more or less likely to buy redbull knowing the brand is austrian but with a strong tahi influence? Does it generally mattter to consumers where a product orignates from?
Answers
No
It does not actually matter, because what we buy is the quality of the product not where the product is from.
Select all the correct answers.
Ray has six hours before he goes to bed on a school night. He plans to spend an hour surfing the Internet, two hours playing his favorite
game, two hours watching TV, and one hour doing his homework. However, some of the math problems in his homework are extremely
difficult, and it will take him more than two hours to finish them. He knows his teacher won't give him any credit for the work unless it's
completely finished, and it's Important that he get good grade in the class. Which of these options for dealing with this situation are a
trade-off of Ray's time?
O He will spend only one hour on homework and leave out what he can't finish.
D He will spend one extra hour on homework and give up watching TV.
0
He will finish his homework while he is watching TV.
O He will play his favorite game for one hour and do homework for two hours.
0
He will ask his brother to help him with his homework.
Answers
Answer:
the answer is c.) he will play his favorite game for one hour and do his homework for two hours
FIRST TO ANSWER GETS BRAINLIST
(04.02 MC)
How does the Securities and Exchange Commission (SEC) protect investors?
It requires companies to disclose information on their financial health.
O It guides the economy by controlling the money supply.
O It purchases and sells government securities.
O It regulates how much money can be invested.
Answers
Answer:
The Securities and Exchange Commission is a federal agency that regulates securities markets in the United States. The SEC is responsible for enforcing securities laws, regulating the securities markets and related entities and working to ensure investors are treated fairly.
The Answer is D.
Answer:
O It regulates how much money can be invested.
Explanation:
If increasing the number of goods produced is one way to increase
productivity, what is the other way to increase productivity?
Answers
Productivity refers to the measure of output per unit of input over a given period of time. A company’s productivity level is a crucial factor in determining its profitability. Productivity can be increased in different ways, including increasing the number of goods produced and reducing waste. These are the two ways to increase productivity. Therefore, the answer to the question is reducing waste.
Another way to increase productivity is to improve efficiency. Efficiency is a measure of how well inputs are converted into outputs. Improving efficiency means reducing the amount of time, effort, and resources needed to produce a certain output. A company can improve its efficiency in various ways, including using better technology, improving its production processes, and training employees to work more effectively. Increasing productivity is critical for the growth of any business. Productivity can be increased by implementing a wide range of strategies. Reducing waste is one way to increase productivity, while improving efficiency is another way. Both of these strategies help companies to achieve their goals by producing more goods in less time. In conclusion, companies need to explore ways to improve their productivity levels continually. This will help them to increase their profitability, grow their business, and remain competitive in the market.
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Discuss the political, social, economic, technological and other
configurations that support cross-border trade by giving examples of any
multinational firms operating in Ethiopia
Answers
Answer: , I can give you an overview of the political, social, economic, and technological factors that support cross-border trade, along with some examples of multinational firms operating in Ethiopia.
Political Factors: - The government's policies and regulations play a significant role in supporting cross-border trade. - A favorable political climate encourages multinational firms to invest in the country.
- Ethiopia has implemented policies aimed at attracting foreign investors, such as tax incentives and relaxed regulations.
- The government's efforts to improve infrastructure, such as roads and ports, has also contributed to the growth of cross-border trade. Social Factors:
- The availability of skilled and affordable labor is an important factor that influences the growth of multinational firms in Ethiopia. - Ethiopia's young and growing population presents an opportunity for firms to expand their markets. - The cultural diversity of the country is also attractive to multinational firms seeking to expand their operations globally. Economic Factors: - Ethiopia has a liberalized economy with a stable macroeconomic environment that supports cross-border trade. - The country has made significant progress in economic reforms, including the privatization of state-owned enterprises. - Ethiopia's strategic location, with access to the Red Sea and proximity to the Middle East and Europe, has made it an attractive destination for multinational firms. Technological Factors: - Technology has played a significant role in supporting cross-border trade, making it easier and more cost-effective. - The use of e-commerce platforms has made it possible for multinational firms to reach customers in different parts of the world. - The availability of high-speed internet and mobile networks has also facilitated cross-border trade. Examples of Multinational Firms Operating in Ethiopia: - Coca-Cola is a global brand that operates in Ethiopia and has invested heavily in the country. - H&M, the Swedish fashion retailer, has opened stores in Ethiopia, taking advantage of the country's textile industry. - Unilever, the British-Dutch consumer goods company, has also invested in Ethiopia, setting up a manufacturing plant for its products. In conclusion, the political, social, economic, and technological factors mentioned above have contributed to the growth of cross-border trade in Ethiopia. This has attracted multinational firms to invest in the country, with many seeing Ethiopia as a potential hub for doing business in Africa
Explanation:
Claire and Evelyn have an argument over the timing of the charity event at an orphanage organized by their manager. Claire wants the timing to be 8:00 am while Evelyn wants the timing to be 9:00 am as the place is a bit far from her home. The manager intervenes and asks them to understand each other’s concern. They finally agree to the solution that the timing for the event could be 8:30 am and the manager would pick both of them from convenient spots. Which method of conflict resolution does the situation reflect?
MULTIPLE CHOICE
A.
competing
B.
avoidance
C.
collaboration
D.
smoothing over the problem
E.
compromise
Answers
The method of conflict resolution that the situation reflects is compromise. In compromise, both parties give up something in order to reach a mutually agreeable solution. In this case, Claire and Evelyn both gave up their preferred timing in order to arrive at a compromise of 8:30 am. The manager also played a role in the compromise by offering to pick both of them up from convenient spots.
The other options are not correct. Competing is a conflict resolution method in which one party tries to get their way at the expense of the other party. Avoidance is a conflict resolution method in which one party tries to avoid dealing with the conflict altogether. Collaboration is a conflict resolution method in which both parties work together to find a solution that meets the needs of both parties. Smoothing over the problem is a conflict resolution method in which one party tries to make the other party feel better about the conflict, even if the problem is not actually resolved.
Which factor plays the biggest role in motivating economic decisions in a market economy?
A. Corruption in the leadership of powerful groups
B. Competition between different businesses
C. Commitment to maintaining a traditional lifestyle
D. Cooperation between governments and citizens
Answers
Competition between different businesses plays the biggest role in motivating economic decisions in a market economy. Thus, option (b) is correct.
What is a market economy?A market economy is an economic system in which the production and distribution of goods and services are determined by the interaction between consumers and businesses in the marketplace. In a market economy, decisions about what to produce, how much to produce, and what price to charge are made by businesses in response to changes in demand from consumers.
The biggest factor that motivates economic decisions in a market economy is competition between different businesses. This competition encourages businesses to be innovative and efficient in order to stay ahead of their rivals. As businesses strive to outcompete one another, they are also incentivized to produce goods and services that are of higher quality and at lower prices.
Therefore, it can be concluded that competition between different businesses plays the biggest role in motivating economic decisions in a market economy. Hence, option (b) is correct.
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2020 quantity
cost
PRICE
2021 quantity
cost
PRICE
Brocoli Cauliflowe Carrots
100
200
50
75
1.5
80
120
1.5
75
2
75
225
3
300
500
50
0.1
500
100
0.2
100
325
475
CPI base year 2020
100
146.154
46%
Inflation rate
Answers
The inflation rate can be calculated using the Consumer Price Index (CPI) formula, which measures the change in the price of goods and services over time. In this case, the base year is 2020, and we want to calculate the inflation rate for 2021.
First, we need to calculate the CPI for 2020 and 2021:
CPI 2020 = (1001.5) + (2002) + (503) = 500
CPI 2021 = (751.5) + (1201.5) + (2253) = 975
Next, we can use the formula to calculate the inflation rate:
Inflation rate = ((CPI 2021 - CPI 2020) / CPI 2020) x 100%
Inflation rate = ((975 - 500) / 500) x 100%
Inflation rate = 95%
Therefore, the inflation rate between 2020 and 2021 is 95%.
On January 7, 2021, Martin Corporation acquires two properties from a shareholder solely in exchange for stock in a transaction that qualifies under § 351. The shareholder's basis, the fair market value, and the built-in gain (loss) of each property are: Martin adopts a plan of liquidation later in the year and distributes Property 2 to a 20% shareholder when the property is worth $586,740.
Answers
The shareholder's basis, the fair market value, and the built-in gain (loss) of each property are 75000
A $300,000 carryover basis serves as Martin's basis in Property 1.
Martin has a stepped-down basis in Property 2 of $475,000.
Workings:
Martin's basis in Property 2 is 525,000 less 50,000, which is 475,000.
b. Martin has a recognised loss of $75,000 and a $125,000 realised loss.
Workings:
Realized loss is calculated as follows: 350000 - 475000 (Distribution value FMV - Stepped down basis) = 125000
Acquired value FMV - Stepped down basis = 400000 - 475000 = Recognized loss = 75000
Given that the shareholding is less than 50%, the distribution is not a related party transaction, and the related party limitation is therefore not applicable.
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Which task is most suitable for creating an algorithm?
saving time writing a report
explaining how to set up a mobile phone for use
choosing photos to put on a website
finding the best of three suggested routes to drive to a concert
Answers
Answer:
finding the best of three suggested routes to drive to a concert
Answer:
D. finding the best of three suggested routes to drive to a concert
Explanation:
thank the other person :)
You work in a company that has begun selling annual subscriptions to its new online magazine. During December, the company sold the first subscriptions, receiving $600,000, which represents one-fifth of its revenues from all sources for the year. The entire amount has been collected in cash. As the end of the the year approaches, you notice that the company recorded the entire $600,000 to revenue and there is no plan to make an adjusting entry.
Draft a memo around two paragraphs in length to your supervisor, which explains the following:
The accounting error that has been made
The effect this error will have on the financial statements dated at the end of December
The problems that might result
The importance of fixing the error and what needs to be done to fix the error
Make sure to include proper grammar, spelling, etc.
Answers
The memo will indicate the accounting error that has been made and its effect on the financial statements.
The amount of $600,000 collected from the sale of the annual subscription to the new online magazine is the amount that was collected for the upcoming period of 12 months which will start by December of the current year.
Only $50000 of the amount will be recorded for the year. The related services for the remaining eleven months will then be $550000 and this should be reported as the unearned revenue.
The effect of the error is that there'll be an overstating of the net income or the current period by an amount of $550000 and there'll also be an understatement of the current liabilities by $550000.
In conclusion, the error needs to be fixed by debiting the revenue by $550000 and then crediting the unearned revenue by $550000.
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An economist for the Brookings Institution argues that "a price on carbon would minimize the cost of steering economic activity away from the greenhouse gas emissions that threaten the climate."
Source: Fred Dews, "10 Things You Should Know about the Carbon Tax," brookings.edu, May 4, 2016.
In what sense does a carbon tax put a price on carbon?
A carbon tax puts a price on carbon by increasing the private cost of polluting.
C.
A carbon tax puts a price on carbon by decreasing the social benefit of polluting.
D.
A carbon tax puts a price on carbon by decreasing the private benefit of polluting.
Answers
Answer:
A carbon tax puts a price on carbon by increasing the private cost of polluting.
Explanation:
Going by the argument of the economist of Booking institution, it can be concluded that a carbon tax put a price on carbon "by increasing the private cost of polluting."
As the private cost of polluting increases, this will discourage the private individuals or businesses in carrying out activities that emit greenhouse gases in the human environment which in turn threatens the climate.
Outline the main principles for the consolidation of financial statements. Illustrate your discussion with the use of examples.
Answers
The main principles for the consolidation of financial statements are:
Combine like items of assets, liabilities, equity, income, expenses and cash flows of the parent with those of its subsidiaries;Offset (eliminate): The carrying amount of the parent's investment in each subsidiary; and - The parent's portion of equity of each subsidiary;Eliminate in full intragroup assets and liabilities, equity, income, expenses and cash flows relating to transactions between entities of the group.What should we know about Consolidated Financial Statements?In general, financial statement consolidation necessitates a company integrating and combining all of its financial accounting functions in order to produce consolidated financial statements that show results in standard balance sheet, income statement, and cash flow statement reporting.
The decision to file consolidated financial statements with subsidiaries is usually made on a year-to-year basis and is frequently motivated by tax or other benefits. The criteria for filing a consolidated financial statement with subsidiaries are primarily based on the parent company's ownership of the subsidiary.
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most expensive startup option is usually A. starting a business from scratch B. buying a franchise C. buying an established business D. renting a building
Answers
C. buying an established business
If you look at it it kind of depends on the business and their success rates.
Question 15 (1 point)
Astin is a software engineer who is creating a training manual for users of a meal
planning app. His coworker who is reviewing his work points out that he should
replace words like "full-stack" and "bootstrap" because they are considered what?
evidence
copy
vernacular
jargon
Question 16 (1 point!
Answers
Astin's coworker who is reviewing his work points out that he should replace words like "full-stack" and "bootstrap" because they are considered: D. jargon.
What is a word?In English language, a word can be defined as a unit of language which comprises one or more spoken sounds and alphabets (letters) that connotes an information about a thing, action, event, etc.
What are jargons?Jargons can be defined as a group of words or noun that are typically used to connote computers, definitions of terminologies, related topics, computing activities, and concepts.
In this context, we can reasonably infer and logically deduce that words such as "full-stack" and "bootstrap" should be replaced by Astin because they are considered as jargon.
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Answer:
Explanation:
i know it's is
If someone puts money into a savings
account at 4% interest, but the inflation
rate is at 6%, what will be the result at
the end of the year?
Answers
The result at the end of the year would be that the money in the savings account will lose 2% of its value.
What happens when inflation is higher than interest ?If the inflation rate is higher than the interest earned on a savings or checking account, the investor is losing money.
As the demand for goods and services rises, inflation happens. There will probably be increased demand from customers as the total amount of money in an economy increases. Sellers raise their pricing when more individuals purchase more things.
The loss of value would be :
= Inflation rate - Interest rate
= 6 % - 4 %
= 2 %
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How do attackers today make it difficult to distinguish an attack from legitimate traffic?
a. by using common Internet protocols
b. by using a common language
c. by using diverse interfaces
d. by using simple scripting
Answers
Refer to the data below for a non-discriminating monopolist. This firm will maximize its profit by producing:A) 3 units.B) 4 units.C) 5 units.D) 6 units.
Answers
Refer to the data below for a non-discriminating monopolist. This firm will maximize its profit by producing:B) 4 units.
Profit is the term used to describe the monetary gain experienced when the revenue from a commercial activity outpaces the costs, costs, and taxes incurred to support the activity in question. Profit is what's left over after a business pays its bills. On an income statement, you can find it. The business is considered to make a profit if the value left over after expenses have been subtracted from revenue is positive; if the value is negative, the business is said to have a loss (see: P&L statement).
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A database program would probably be used to
Answers
Answer:
The application scope of the database is very wide, such as the student information management system, course selection system, as well as the telecommunications department payment system, statistical system, and online game account management, etc., can be said that the current software, especially the network application software, is to use the database
Answer:
A database program would probably be used to track purchases on a commercial website.
Explanation:
A database is the heart of a business information system and provides file creation, data entry, query and reporting functions.
The upper class constitutes ______ of the american population and receives almost half the available income.
Answers
The upper class constitutes one-fifth of the American population and receives almost half the available income.
What is income?The sum of money that an individual or organization receives in exchange for their products or goods. Income, which is often stated in dollar values, is the spending and saving possibility acquired by an organization within a given duration.
The midpoint is the level at which half of all households were wealthier and half were poorer. Economic markets and governmental policies are the two main factors influencing the distribution and production of wealth and income globally. One-fifth of Americans belong to the upper b, which also obtains approximately half of all income.
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What can be a cost of opening a basic checking account?
high interest rates
penalties for early withdrawal
check writing limits
high fees
Answers
Answer: High Fees
Explanation:
Checking accounts are very useful to the common person because of the liquidity they offer. With a Checking account, you are able to make withdrawals whenever you want by way of checks or ATM cards as many times as you want. Electronic transfers are available and depositing is quite simple.
In exchange for this high Liquidity though, the account receives low interest and can be subject to quite a number of fees.
Depending on the bank there are different fees attached with some of the most common being, Card processing fees, electronic and mobile banking fees, Overdraft fees, Maintenance fees and sometimes even a fee for letting the account drop below a minimum value.
The CORRECT ANSWER is "check writing limits" I just took the test:) Hope this helps
Kate was turned down for a job because of a bad credit report. The creditor is required to give her the name of the credit bureau that supplied the report, according to
the:
Fair Credit Reporting Act.
Fair Credit Billing Act.
Truth in Lending Law.
Equal Credit Opportunity Act
Answers
The creditor is required to give Kate the name of the credit bureau that supplied the report under the Fair Credit Reporting Act (FCRA). The FCRA is a federal law that regulates the collection, use, and disclosure of consumer credit information. Under the FCRA, creditors are required to provide consumers with a copy of their credit report upon request. They are also required to provide consumers with the name and address of each credit bureau that has provided them with a report within the past two years.
The other laws you mentioned are also important, but they do not specifically address the issue of providing consumers with the name of the credit bureau that supplied their report. The Fair Credit Billing Act (FCBA) regulates the billing practices of creditors and credit card companies. The Truth in Lending Law (TILA) requires lenders to disclose certain information to borrowers, such as the annual percentage rate (APR) and the total amount of interest that will be charged on a loan. The Equal Credit Opportunity Act (ECOA) prohibits creditors from discriminating against borrowers on the basis of race, color, religion, national origin, sex, marital status, age, or because they receive income from a public assistance program.
Three primary ledgers used in double-entry bookkeeping?
Answers
Answer:
General ledger
The chart of accounts
Journals
Explanation:
The general ledger contains all the transactions carried out and registered by the company.
The chart of accounts is lists and codes all the accounts that are used by the by the company, e.g. cash might be account 101.
The journal entries are the individual entries recorded in the general ledger or any other specific ledger.
Give a minimum of three reasons why cover letters are important.
Answers
Answer:
1. Cover letters can prove that you're a serious candidate for the job.
2. It can showcase how your unique skills and experience meet the key requirements of the job description.
3. It gives more of a background knowledge of who you are.
Explanation:
Answer:
- Demonstrates professionalism and initiative
- Expands upon the main idea in the résumé
- Goes in-depth about experiences and skills
- Shows employer a glimpse of the applicant’s personality
- Opportunity to show company and industry knowledge
- Provides a sample of written communication skills
Explanation:
got it right on edg22
Every day, your boss participates in a conference call from 1:00 PM to 2:00 PM. You know this, and today, instead of returning from lunch at 1:00, you decide to extend your lunch until 1:45. This is an example of
Answers
An example of Shirkingis when an employee decide to extend their lunch until 1:45 instead of 1:00 becaujse of his boss participation in a conference call.
What is called Shirking?A shirk essentially means the act of avoiding or getting out of doing something that should be done.
Hence, when an employee decide to extend their lunch until 1:45 instead of 1:00 because of his boss participation in a conference call is an example of Shirking because he need to help his boss.
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New Energy Incorporated has a beginning inventory balance on January 1 of 15,000 units and desires an ending balance of 20% of the next month’s sales. If sales are expected to be 18,000 for January and 25,000 for February, what is the ending balance as of January 31
Answers
Balance is having the right amount — not too much or too little — of any quality, which leads to harmony or evenness.
What is the meaning of Amount?A gathering or mass, especially one that cannot be enumerated, is referred to as an amount: quantity of The proper amount of sand wasn't delivered. Animal boarding took up a relatively little amount of area. He donated money to a charity regularly.
The amount can be a noun or a verb, as was said above. Use of a noun A modest amount of water should be added to the dish. A total is the sum of numerous integers or the number of items in a group, as determined by addition or counting.
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As a student in the Principles of Management class of Ama Ghana University, you are expected to have experiential knowledge so that you can be able to solve real life business problems after graduation. To achieve this objective, the 2020 class has been divided into ten groups; and each team works in a management capacity with ten management consulting companies in the Greater Accra Region. San Consulting - the firm that your group works with is a project management company that is into Real Estate construction and management consulting. This firm which has twenty years’ experience in this business is the first choice for all individuals and companies that want quality service. You have on the contrary, observed that many of the management practices have not developed precipitously as situations in the business environment warrant. The accountant confirmed this by saying in the last general meeting that a certain percentage of San’s profit margin is being lost because of this situation. She gave the example that the surveying department spent eight labor hours generating data that had been generated two weeks ago by another unit. Due to the fact that the surveying department did not know that the data had already been created, a substantial effort was wasted and this has been a recurrent problem. In addition, the increase in demand of the services of San’s Consulting has placed significant pressures on the five managers whose duties are not clearly defined. For instance, you have observed that any of these managers perform duties in the operations department as well as any other unit within the firm. They are not able to perform all the functions required of them due to the ineffectiveness of the organizational structure. You and the members of your group are expected to write a report to the top-level management team regarding your analysis of the situation in the firm. Questions 1. Explain which of the four main management functions is/are not operating as it/they should within the firm? 2. What recommendations will you make in your report that will help assure that this situation or similar one would not happen again? 3. Assume that the top-level management team has accepted your recommendations, how can their effectiveness be evaluated three months after implementation? 4. Discuss the organizational structure currently used by San’s Consulting and would you recommend the continuous use of this structure? If yes or no, present the factors (4) that influenced your decision regarding the right organizational structure for San’s Consulting. 5. Identify and discuss the main problems that the firm is likely to experience (i) if the current structure is continued or (ii) if a new structure is implemented. 1B) Akwamba made this statement ‘organisations cannot be successful if managers fail to pay attention to the forces in the external environment’. Do you agree or not? Justify using practical examples .
Answers
Answer:
The organization structure is not clearly defined, Managers are performing duties in various departments at a time.
Explanation:
San Consulting is one of the finest consulting firm in the Greater Accra Region. The firm is always a first choice for individuals who want to pursue their career in business. The Organizational structure of San Consulting is not clearly defined. San's profits are falling because management practices are not according to the other competitive organizations. The managers working at San are facing excess workload and pressure for their work. Their job descriptions is not clearly defined and they are forced to work in multiple departments at the same time due to which they are losing focus on their own work.
Questions 1: Planning, organizing, leading and controlling
Question 2: The organizational structure needs to be set and every employee should have their defined job role so they are able to complete work with efficiency.
Question 3: The profits of San consulting will rise as there will be less duplication of work and every employee will be able to focus on their own task and will work with efficiency.
Question 4: Matrix. The matrix organizational structure is not suited in this organization. The right organizational structure for San consulting will be Functional Structure.
Question 5: (i) The profits for San Consulting will decline
(ii) The profit will rise because employee will focus more on their specific tasks.
1B. Yes agree. The managers need to focus on the external environment as well to identify the opportunities and threats present which can stimulate changes for the organization.