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Line authority is a basic type of authority to carry out tasks and give orders related to the organization's primary purpose. Staff authority is the right to advise or assist those with line authority. Functional authority if the right given by higher management to specific staff personnel to give orders concerning an area in which the staff personnel have expertise. There are four principles that are useful for supervisors who may be unsure how to group activities and assign duties. The four principles are: parity principle, unity of command, chain of command, and span of control. In 1-2 pages explain each principle and provide one example of how each principle can be applied to the workplace.
View "Trade-Offs and Opportunity Costs," located on the YouTube website. Share an example of your own experience in which you had to decide on an opportunity cost that would affect you. What outcome did the decision have on your economic situation?
Suppose your marketing department does a survey of potential users and finds that these users place the following values on the two versions of your software: If the numbers of home and commercial users are equal, and you cannot distinguish between c..
The False Claims Act, also known as the Whistleblower Statute, allows private parties to sue companies for fraud on behalf of the government. The whistleblower can be awarded up to 25 percent of the amount recovered on behalf of the federal governmen..
indicate for each price whether the firm will produce, shut down, or be indifferent between the two in the short run, and whether it will make a profit, suffer a loss, or break even.
Corporate bonds are often purchased as a conservative investment strategy. What is the difference between a Coupon Bond and a Zero Interest bond? Identify at least three (3) possible effects of an increase in the money supply on interest rates
Draw the Edgeworth box of this situation and draw the contract curve. What dowe know about the proportion of peanut butter to jam held by Adam in any equilibrium?
Explain why excise taxes are more effective at raising tax revenues when applied to products with price inelastic demand versus ones with price elastic demand. Under what conditions would it be possible for tax revenues to decline with higher excise ..
Consider a box with width W, length L, and height H. Suppose you have to construct a box with the following constraint: W+L+H equal or less than 30. Suppose W has to be 12. What is maximizing volume of box? What should L and H be?
Globalization and technology developments have led to some significant changes in the global economy. Discuss the importance of such changes to the United States. What is the impact upon supply chains? Optional: Use your own company as an example
If the Federal Reserve uses expansionary monetary policy, then:
Narria Investments Ltd. filed a suit in a Texas State Court against several defendants, including Harveston Securities Inc., a securities dealer. Harvestons is registered with the state of Texas and thus may be served with a summons and a copy of a c..
Firm A makes and sells motor cycles. The total cost of each cycle is the sum of the costs of frames, assembly and engine. The firm produces its own engines according to the cost equation. Calculate the MC of producing an additional engine. Calculate ..
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