borrowed 19,000 at the 8.5 simple interest over a 36 month period what is the total interest and value of the loan at maturity?
Answers
Assuming that the loan was not paid off early, the total interest on the loan would be calculated by multiplying the borrowed amount ($19,000) by the interest rate (8.5%) and the length of the loan in years (3, since there are 36 months in 3 years).
To calculate the total interest and value of the loan at maturity, you can use the simple interest formula: Interest (I) = Principal (P) * Rate (R) * Time (T). In your case, you have borrowed (P) $19,000 at an 8.5% (R) interest rate over a 36-month (T) period.
First, convert the interest rate to a decimal: 8.5% = 0.085. Then, convert the time to years: 36 months = 3 years.
Now, use the formula:
I = P * R * T
I = 19,000 * 0.085 * 3
I = 4,845
The total interest paid over the 3-year period is $4,845. To find the value of the loan at maturity, add the interest to the principal amount:
Value at maturity = Principal + Interest
Value at maturity = 19,000 + 4,845
Value at maturity = 23,845
So, the value of the loan at maturity is $23,845.
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The value of the loan at maturity (after 36 months) is $23,815.
When you borrow money at a simple interest rate, the interest is calculated based on the initial amount of the loan (known as the principal) and the length of the loan period. In your case, you borrowed $19,000 at a simple interest rate of 8.5% over a 36-month (3-year) period.
To calculate the total interest on the loan, you can use the following formula:
Total Interest = Principal x Interest Rate x Time
Plugging in your numbers, we get:
Total Interest = $19,000 x 0.085 x 3
Total Interest = $4,815
So the total interest on the loan is $4,815.
To find the value of the loan at maturity, we need to add the total interest to the principal:
Value of Loan at Maturity = Principal + Total Interest
Value of Loan at Maturity = $19,000 + $4,815
Value of Loan at Maturity = $23,815
Therefore, the value of the loan at maturity (after 36 months) is $23,815.
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Related Questions
What are options for determining what a customers service needs are
Answers
The options for determining what a customer's service needs are focus groups, social listening, and keyword research.
What is Service?Services are referred to as a type of goods that is offered to someone in terms of facilities like the one received in a restaurant or shopping mall. It is a type of commodity or product that is intangible in nature, one can only feel it.
Collecting the data from focus groups as well as conducting interviews will help business to develop conclusions based on the response of pople that helps to understand the needs of customer service.
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sweet, j., schneier, m.m, and wentz, b., construction law for design professionals, construction managers, and contractors, cengage learning
Answers
The citation you provided is for a book titled "Construction Law for Design Professionals, Construction Managers, and Contractors" by Sweet, J., Schneier, M.M, and Wentz, B. This book is published by Cengage Learning. When citing a book.
it is important to follow a specific format to provide accurate information and make it easier for others to locate the source. The format typically includes the author(s), title of the book, publisher, and edition (if applicable). In this case, the authors of the book are Sweet, J., Schneier, M.M, and Wentz, B. The title of the book is "Construction Law for Design Professionals, Construction Managers, and Contractors.
" The publisher of the book is Cengage Learning. It is important to note that the information you provided does not constitute a question. If you have any specific questions or need assistance with a particular topic related to construction law, design professionals, construction managers, or contractors, please feel free to ask.
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Which of the following is a characteristic of a planned economy?
a. All resources are privately owned.
b. Economic activity is coordinated by the price system.
Answers
The correct response is b. Economic activity is coordinated by the price system. An economic activity is categorized based on the clients it connects with, serves, and the services it offers.
When certain commodities or services are produced, an economic activity occurs when resources like labour, manufacturing processes, capital goods, and intermediary items are integrated. As a result, the characteristics of an economic activity are an input of resources, a production process, and an output of products (goods or services). Five different economic activities can be generically categorized. These include the creation, distribution, acquisition, sale, and consumption of products and services. The basic economic activities of an economy are referred to as production, consumption, and capital formation. Our needs and wants are being met through the creation of goods and services using limited resources.
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T/F creativity is both derivative and unique
Answers
The correct answer is True. Creativity can be both derivative and unique at the same time. Derivative creativity involves taking existing ideas or concepts and adapting or modifying them to create something new. This form of creativity involves drawing inspiration from existing ideas and adding your own unique twist to them.
Unique creativity, on the other hand, involves creating something entirely new and original that has never been seen or heard of before. This type of creativity requires a high degree of originality, imagination, and innovation. It is important to note that both forms of creativity are equally valuable and can lead to great success. Some of the most successful and iconic works of art, music, and literature have been derivative in nature, taking inspiration from existing works and adding their own unique spin. At the same time, many groundbreaking inventions and ideas have stemmed from unique creativity, leading to transformative change in various industries.
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______ is the study of how individuals and societies allocate resources among many competing uses. (use one word for the blank.)
Answers
Economics is a discipline that examines how people and societies distribute resources among various competing needs.
It encompasses a broad range of topics, including the behavior of individuals and businesses, market functions and failures, the role of government in the economy, and the causes and effects of economic growth, inflation, unemployment, and inequality. Economists use a variety of theoretical and empirical techniques, such as mathematical models, statistical analysis, and experiments, to study economic phenomena and forecast future developments.
Economics can be divided into subfields such as microeconomics, which examines the actions of individual consumers and companies, and macroeconomics, which analyzes the overall performance of the economy. Other areas of economics include international economics, development economics, environmental economics, and behavioral economics, among others.
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Explain why you think Americans can do yo ensure workers have decent working conditions and pay?
Answers
Answer:
Americans are expected to make sure that discrimination in the workplace is avoided.
which of the following is an example of an adjusting entry
Answers
I believe the answer is C.
Explanation:I was looking at examples of adjusting entry and C was the closest one that made more sense. If I am incorrect please correct me. Hope this somehow helped and have a good one!
✍(◔◡◔)An example of an adjusting entry is revenue which has been billed but not paid yet. (A)
What is an adjusting entry?
In accounting/accountancy, adjusting entries are journal entries usually made at the end of an accounting period to allocate income and expenditure to the period in which they actually occurred.
What is revenue?Revenue is the income of an organization and a substantial nature.
What is a bill?Bill is an invoice that a commercial document issued by a seller to a buyer relating to a sale transaction and indicating the products
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If a lessee is allowed to purchase leased property for significantly less than the fair value of the property on the date the option becomes exercisable, the lease is a finance lease because it has passed the ________ test.
Answers
The lease is a finance lease because it has passed the Bargain Purchase Option test.
The Bargain Purchase Option test is one of the criteria used to determine whether a lease should be classified as a finance lease or an operating lease. If a lessee is given the option to purchase the leased property at a significantly lower price than its fair value on the date the option becomes exercisable, it indicates that the lessee has a strong incentive to exercise the purchase option.
The significant difference between the purchase price and the fair value implies that the lessee will likely exercise the option, as it provides them with a favorable financial advantage. This condition satisfies the Bargain Purchase Option test, which is one of the indicators that the lease is effectively transferring the risks and rewards of ownership to the lessee. As a result, the lease is classified as a finance lease, where the lessee is considered to have substantial control and ownership-like benefits over the leased asset during the lease term.
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an example of an explicit cost of production would be the
Answers
An example of an explicit cost of production would be cost of flour of a baker.
What is an explicit cost?Explicit costs, as opposed to implicit costs, where no actual payment is made, are payments made directly to third parties during the course of operating a firm. Examples of explicit expenses include wages, rent, and materials. However, it is still easy to underestimate these expenses; for instance, the cost of labor must be considered along with pension payments and other "perks". Considerations of economic profit take into account both explicit and implicit expenses. Explicit costs are typical operating expenses that are recorded in a company's general ledger and have a direct impact on its profitability. They flow through to the income statement as clearly defined dollar amounts.
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The Alpine House, Inc., is a large retailer of snow skis. The company assembled the information shown below for the quarter ended March 31:
Amount
Sales $ 1,260,000
Selling price per pair of skis $ 450
Variable selling expense per pair of skis $ 50
Variable administrative expense per pair of skis $ 19
Total fixed selling expense $ 155,000
Total fixed administrative expense $ 105,000
Beginning merchandise inventory $ 70,000
Ending merchandise inventory $ 105,000
Merchandise purchases $ 285,000
Required:
1. Prepare a traditional income statement for the quarter ended March 31.
2. Prepare a contribution format income statement for the quarter ended March 31.
3. What was the contribution margin per unit?
Answers
Answer:
Refer to the below explanation
Explanation:
1. Traditional income statement.
Revenue $1,260,000
Cost of goods sold = Beginning inventory + purchases - Ending inventory
= $70,000 + $285,000 - $105,000
=$ 250,000
Gross profit= Sales - cost of goods sold
= $1,260,000 - $250,000
=$1,010,000
Administrative expenses = $19 × ($1,260,000/450) + $105,000
= $158,200
Selling expenses = $50 × ($1,260,000/450) + $155,000
=$295,000
EBITDA = $556,800
2. Contribution margin statement
Sales. = $1,260,000
Less
Total Variable cost:
Cost of goods sold =$250,000
Variable selling exp.
2800 × $50=$140,000
Administrative exp.
2800 × $19=$53,200
Total variable cost. =$56,800
Contribution margin =$1,203,200
Less
Total Fixed costs:
Selling expenses =$155,000
Administrative expenses=$105,000
Total fixed cost =$260,000
Net profit. = $943,200
3. Contribution margin per ratio
= Contribution margin / Quantity
=$1,203,200 / 2,800
=$430
Managing the international environment (Connect, Perform) Kirin Brewery, Japan's largest producer of beer, allows the Charles Wells Brewery in England to manufacture beer to Kirin's specifications and market the beer as Kirin Beer. Kirin Brewery earns a royalty on the beer sold in England. What type of international business is this an example of? O Franchising Licensing O Exporting Importing Disney invested approximately $4 billion to construct a Disney theme park and resort near Shanghai, China.
Answers
In the given situation international business is an example of the (B) licensing business.
What is licensing business?A business arrangement whereby one firm authorizes another company to produce its goods in exchange for a certain fee.
Leasing out your patents, trademarks, copyrights, designs, and other intellectual property to third parties is one of the fastest and most profitable methods to expand your firm.
Normally, a company's economic activity and physical location (address) decide whether licenses are required to operate lawfully.
The number of employees and the type of organization, such as sole proprietorship or corporation, may also be deciding considerations.
A company operating without the necessary business permits may be fined or shut down by government organizations.
Therefore, in the given situation international business is an example of the (B) licensing business.
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Correct question:
Kirin Brewery, Japan's largest producer of beer, allows the Charles Wells Brewery in England to manufacture beer to Kirin's specifications and market the beer as Kirin Beer. Kirin Brewery earns a royalty on the beer sold in England. What type of international business is this an example of?
A. Franchising
B. Licensing
C. Exporting
D. Importing
Which one of these values can you usually expect from persons of integrity?
Answers
VALUE FROM PEOPLE WITH INTEGRITY:
- Responsibility. People who have integrity take responsibility for their actions no matter what they did.
What is the difference between a co-payment and co-insurance?
a. Co-payment refers to two spouses paying for the same coverage, and co-insurance refers to
two spouses receiving the same benefits.
b. A co-payment is a flat fee for each service, and co-insurance is based on a percentage of the
costs incurred.
c. Co-payment is when a group of individuals work to cover each other's medical expenses, and
co-insurance is when an individual has multiple insurance policies from different companies.
d. A co-payment is when an employer helps an employee pay for insurance premiums, and co- insurance is when an employer helps an employee find better insurance than they could alone.
Answers
Answer:
(a.)
Co-payment refers to two spouses paying for the same coverage, and co-insurance refers to two spouses receiving the same benefits.
Your healthcare coverage plan includes two different types of cost-sharing provisions: copayments (copays) and coinsurance. Thus, statement 'A' (Co-payment refers to two spouses paying for the same coverage, and co-insurance refers to two spouses receiving the same benefits) is the correct statement.
What is the difference between a co-payment and co-insurance?Before obtaining any additional services, a patient (who is insured) is expected to make a co-payment to a service provider, such as a health insurer (health maintenance organization, or HMO), for medical costs.
The amount that a patient (the insured) must pay for a claim or covered charge after a deductible has been met is known as co-insurance, and it is often stated as a percentage of the costs spent.
Your copays are set amounts that help offset the cost of medical care. Your estimated share of the cost of treatment is known as your coinsurance.
Therefore, option 'A' is the correct option.
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Do
you think that most employees who take legal action against their
employers have valid claims or are looking to "get something for
nothing"? What is the basis for your opinion?
Answers
It is important to approach this question with nuance because the motivations behind employees taking legal action against their employers can vary significantly.
While there certainly are cases where employees have valid claims and seek justice for legitimate grievances such as workplace discrimination or harassment, it would be inaccurate to generalize and assume that all employees who take legal action are looking to "get something for nothing." Legal disputes in the employment context can arise from a wide range of issues, including contractual disputes, wage and hour violations, wrongful termination, and more. Each case should be evaluated individually, considering the specific circumstances and evidence presented, to determine its validity.
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What’s the answer???
Answers
Answer:
I am not sure but I think it would be B right?
Explanation:
Because she already has $10 to go to the movie right, so she would use that 10 dollars to go to the movie with her friend?
Manager's Hot Seat: Working in Teams: Cross-Functional Dysfunction
The Executive Director of Operations has assigned Joe Tanney the role of Team Leader for a high priority project. The task is to generate a proposal for streamlining the antiquated blueprint generation process. Each office is at different stages of computerization, with different teams preferring different technologies for particular tasks. This makes everything more complex – from collaboration to revisions to cost and time management, and is having a serious impact on the company’s bottom line. The team includes Rosa Denson, Cheng Jing, and Simon Mahoney.
The team in the video is assigned a specific project and is asked to finish it in a given time. What type of team does this represent?
Multiple Choice
Command groups
Task forces
Self-managed work teams
Research and development teams
Top management teams
Answers
The type of team described in the given scenario is a task force.
A task force is a short-term team assembled to work on a particular project, deal with a particular issue or seize a particular opportunity. Joe Tanney has been given the responsibility of leading the team in this instance, and their task is to develop a proposal for streamlining the blueprint generation procedure.
Rosa Denson, Cheng Jing and Simon Mahoney make up the team that is assembled to work on this urgent project in a limited amount of time. When cross functional cooperation is necessary to resolve complex problems or accomplish particular objectives task forces are frequently used.
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similarities between local market and national market
Answers
Adapting the Four P’s of Marketing for a Local or National
Product: According to MindTools, the product or service needs to satisfy customers’ specific needs. If you have a bakery, for example, you can focus your products to meet a specific customer requirement, like gluten-free products. On a local level, your messaging can include your local ingredients and the local experts who craft the baked goods. On a national level, you may want to talk about the success of the franchise in creating consistently delicious products from family recipes.
Place: The place is where you sell the products. On a local level, this may include your brick-and-mortar store and an e-commerce website. On a national level, this can include your e-commerce website or franchise locations.
Price: How much your customers are willing to pay for your products may differ based on geography. For example, customers in a big city may be willing to pay more for products compared to those living in a suburb or rural area.
Promotion: This is the method of sharing your messaging with your customers. It can include advertising, personal selling, sales promotion, direct marketing and public relations. Regardless of whether you’re taking a local or national approach, it’s vital to look at the competition to ensure your messaging stands out. Timing of the promotion is also key, as certain geographic locations may be more seasonally focused than others. For example, promoting bathing suits in January in New York may be more challenging than promoting them in July
What happens when there is rapid economic growth?
Answers
Prices will rise swiftly and costs will increase if the economy expands more quickly than it can support. This occurs when demand exceeds what stores and companies can produce. Gross domestic product serves as a benchmark for measuring economic growth (GDP).
What does economic growth mean?Economic growth is the rise or improvement in the market value of the commodities and services generated by an economy within a fiscal year, adjusted for inflation. Economic growth is a rise in the production of economic goods and services, compared from one period of time to another. Statisticians typically calculate such growth as the percent rate of increase in the real gross domestic product, or real GDP
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Which one of these statements is the most effective buffer in a bad-news message?
Unfortunately, the problem that was caused by the failure of our customers has turned into a disaster.
Good news, everyone! As of this morning, we are ISO certified!
For seventy-five years, our company has proudly hand-built cabinets here in Illinois.
Before you start complaining, think about how this news affects me.
Answers
The most effective buffer in a bad-news message is:"For seventy-five years, our company has proudly hand-built cabinets here in Illinois."
The statement "For seventy-five years, our company has proudly hand-built cabinets here in Illinois" is the most effective buffer because it provides positive and favorable information about the company's long-standing history and commitment to quality. This statement serves as a way to soften the impact of the bad news that follows.
To determine the most effective buffer, we need to evaluate each statement's ability to soften the impact of the bad news.
"Unfortunately, the problem that was caused by the failure of our customers has turned into a disaster."
- This statement does not provide any positive or favorable information. It directly delivers the bad news without any buffer.
"Good news, everyone! As of this morning, we are ISO certified!"
- While this statement introduces good news, it does not serve as an effective buffer for a bad-news message. The bad news is not addressed or softened in any way.
"For seventy-five years, our company has proudly hand-built cabinets here in Illinois."
- This statement highlights the company's long history and craftsmanship, creating a positive image in the recipient's mind before delivering the bad news.
"Before you start complaining, think about how this news affects me."
- This statement is confrontational and defensive in nature. It may potentially escalate the situation and provoke a negative response.
Among the provided statements, the most effective buffer in a bad-news message is "For seventy-five years, our company has proudly hand-built cabinets here in Illinois." It successfully establishes a positive image of the company before delivering the bad news, helping to soften the impact on the recipient.
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What are the main security concerns with using AI techniques in
industries, and how are they being approached/resolved?
Answers
AI or artificial intelligence refers to the use of algorithms and statistical models that allow machines to perform tasks that would normally require human intelligence. While AI has revolutionized industries, there are security concerns associated with it.
What are the main security concerns with using AI techniques in industries, and how are they being approached/resolved?The main security concerns with using AI techniques in industries include the following:Data breaches: Data breaches are one of the most significant security risks associated with AI. Malicious use: Malicious use is another security concern associated with AI. Hackers could use AI to develop more sophisticated attacks, making it more difficult to detect them. Vulnerabilities: AI systems are vulnerable to various types of attacks. These include adversarial attacks, where an attacker manipulates data to trick the system, and backdoor attacks, where an attacker can bypass the system's security measures. AI systems can also be compromised through supply chain attacks, where an attacker targets a third-party supplier of the system or its components.
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A supermarket building was purchased for $567,000. The down payment was 12%. The balance was financed at 7.97% for 25 years. Find the montly payment is
Answers
The monthly payment for the supermarket building is approximately $3,667.63. To find the monthly payment for a supermarket building, the following formula: Monthly payment = P[r(1+r)^n/((1+r)^n)-1)]
we will need to make use of the following formula: Monthly payment = P[r(1+r)^n/((1+r)^n)-1)]
where P = the principal,
r = the interest rate per month, and
n = the total number of months.
We will calculate the values of P, r, and n using the information provided in the problem statement:
Down payment = 12% of $567,000 = 0.12 × $567,000 = $68,040
Principal = $567,000 − $68,040 = $498,960
Interest rate per year = 7.97%
Number of years = 25Number of months = 25 × 12 = 300To convert the interest rate per year to the interest rate per month, we will divide by 12:
Interest rate per month = 7.97% ÷ 12 = 0.6642% Plugging in these values into the formula, we get:
Monthly payment = $498,960[0.006642(1+0.006642)^300/((1+0.006642)^300−1)]
Monthly payment = $3,667.63.
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Dan wants to create a report that contains all fields from a table. Which option on the create tab should he utilize?
Answers
Answer:
Blank Report
Explanation:
under sfas no. 13, for a lease that is recorded as a sales-type lease by the lessor, the difference between the gross investment in the lease and sum of the present values of the components of the gross investment should be recognized as income
Answers
For a sales-type lease, the difference between the gross investment in the lease and the sum of the present values of the components is recognized as income over the lease term.
Under SFAS No. 13, for a lease that is recorded as a sales-type lease by the lessor, the difference between the gross investment in the lease and the sum of the present values of the components of the gross investment should be recognized as income.
To understand this, let's break it down step by step:
1. SFAS No. 13 is an accounting standard that deals with lease accounting.
2. A sales-type lease is a lease where the lessor effectively sells the leased asset to the lessee and records it as a sale.
3. The gross investment in the lease is the total amount the lessor expects to receive from the lease, including any initial direct costs and guaranteed residual value.
4. The components of the gross investment are the lease payments and any unguaranteed residual value.
5. The present values of the components of the gross investment are calculated by discounting the lease payments and unguaranteed residual value to their present values.
6. The difference between the gross investment and the sum of the present values represents the unearned interest revenue.
7. This unearned interest revenue is recognized as income over the lease term using the interest method.
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During the first quarter of the Super Bowl, Chris keeps track of actual game time vs. time devoted to commercials. Game time amounted to 35 minutes; commercials comprised 14 minutes. What fraction of the total time was the actual game shown? *
Answers
Answer:
5/7
Explanation:
The total time will be the aggregate of commercials and game time
=35 mins + 14 mins
=49 mins
game times as a fraction of total time
=35/49
=5/7
differentiate between consumer goods and capital goods and give example in each Case
Answers
Answer:
see below
Explanation:
Consumer goods are bought for consumption. They are used to satisfy the needs and wants of the final consumers. Consumer goods are not meant for future production activities. Examples include foodstuff bought for eating, motor vehicle, homes, and clothing.
Capital goods are products used in the making of goods and services. They are inputs used to make consumers goods. Capital goods are not for resale but to help a business generate more sales. They include plants and machinery.
Goods can either be consumer or capital depending on use. An apple bought for eating is a consumer good, but when used to make apple juice is a capital good.
The class trip is going to cost each of the fifty
students $130.00. If tax is 5%, what is the total
cost for the entire class?
Answers
Answer:
$6,825.00
Explanation:
50x$130=$6,500.00
$6,500 × 5% = $325.00
$325.+$6,500=6,825.00
after a supplier of merchandise is selected, the purchasing department issues a form called
Answers
After a supplier of merchandise is selected, the purchasing department issues a form called a purchase order.
A purchase order is a document issued by the buyer to the supplier that formalizes the request to purchase a specific quantity of goods or services at an agreed-upon price.
It includes important details such as the item description, quantity, unit price, delivery date, payment terms, and any other relevant terms and conditions. The purchase order serves as a legally binding contract between the buyer and the supplier, outlining the agreed-upon terms of the transaction.
The purpose of the purchase order is to provide clear instructions to the supplier regarding the purchase, ensure proper record-keeping, facilitate inventory management, and establish a reference point for reconciliation and payment processing. It helps streamline the procurement process and serves as a communication tool between the buyer and the supplier.
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The organizational structure and organizational culture of a firm are often interrelated. With any organization of your choice, examine what you believe to be their organizational structure and using all three levels of organizational culture to illustrate your points, draw links between the organizational culture and its organizational structure to illustrate how these two aspects of a firm can be intertwined.
Answers
The correct answer to this open question is the following.
I would like to choose the company called "Coops," a Swiss firm dedicated to operating supermarkets in Switzerland and other parts of Central Europe.
Their organizational structure is almost flat, with a dominant matrix work relationship that allows the management and the workers to have more direct and open lines of communication. This kind of organizational structure helps to have a more strong interrelation with the corporative culture in that employees feel more comfortable to establish communication with the hierarchy, are confidente that their opinions and suggestions are going to be taken into consideration, and this organizational climate allows for permanent feedback. This concept strengthens the corporate culture because employees are happy in the workplace, makes them more efficient and productive, behaviors that benefit the company because it allows it to have better results. And more importantly, these happy employees reflect their attitude when they are serving the consumers.
What is the difference between national and enterprise.
Answers
Answer:
National car rental provides a better overall service when compared to Enterprise car rental. National rental offers a more customer-focused service with better-quality cars in more convenient locations.
Explanation:
Business process reengineering is a tool for
O radically redesigning and streamlining how an activity is performed, with the intent of achieving quantum improvements in performance
O using Six Sigma techniques to reduce the errors and defects in performing value chain activities
O avoiding the shortcomings of a fragmented functional organization structure by reorganizing a company's entire business operation into a series of process departments and charging each process department with full responsibility for performing all aspects of a particular value chain activity
O expediting the redesign of existing products and shortening the design-to-market cycle
O instituting total quality management of all value chain activities
Answers
The correct response is c. avoiding the shortcomings of a fragmented functional organization structure by reorganizing a company's entire business operations into a series of process departments and charging each process department with full responsibility for performing all aspects of a particular value chain activity.
Harvesting value from a company's assets is what business operations are. Assets may be tangible or intangible. Rent is a prime example of value that comes from a tangible asset, like a building. A royalty is an illustration of value that is derived from an intangible asset, such as an idea. Business operations cycles are the amount of work required to "harvest" this value. Everything that takes place inside a firm to keep it operating and making money is referred to as "business operations" in the general sense. In order for the firm founders to comprehend the systems, tools, personnel, and procedures required to run the business, business plans frequently include a part devoted to operations.
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