Answers
An organizational structure is a framework that describes how certain tasks must be carried out in order to accomplish an organization's objectives.
Positions, guidelines, and obligations may be part of these activities. How information is transmitted across layers is also determined by an organization's organizational structure.
It is comparable to the line structure, except here the staff advises, offers ideas, produces reports, approves, and supports the organization. Regulatory agencies, legal firms, insurance companies, and law firms are a few examples of this type of organizational structure.Through the effective coordination of all operations, an effective organizational structure helps each individual realize their goals. decreases the total conflicts between team members and individuals. It eliminates overlap and redundant effort. Runarounds are less likely as a result. Because it directs your company to provide value to a market, the organizational structure is crucial. The series of high-level operations that best describes your primary value-creating process is known as your organization's value chain. It involves putting competitive strategy into practice.To learn more about organizational structure:
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Related Questions
Joseph is typing a short story that he hopes to enter into a national writing contest. The guidelines from the contest explain that page numbers must be at the bottom middle of every page and the contestants full name must be in the top left of every page. Which of the following steps should Joseph take to add these formats to the layout of short story document?
Group of answer choices
Joseph should insert a header with the page number centered aligned and insert a footer with his full name aligned on the left.
Joseph should insert a footer with the page number centered aligned and insert a header with his full name aligned on the left.
Joseph should insert a footer with the page number and insert a header with his full name.
None of the above.
Answers
Answer:
B
Explanation:
The page number must be at the bottom, so you have to add a footer and align it to be centered, and your name is a header and left aligned to be at the top of the page
Answer:
Joseph should insert a footer with the page number and insert a header with his full name.
Explanation:
The reason is because his full name needs to be at the top and the be numbers needs to be at the bottom.
if a worker is allowed to plan and organize his/ her own work is called what?
Answers
Answer:
A Manager
Explanation:
THIS PERSON "MANAGES" THEIR OWN , AND OFTEN TIMES, OTHER EMPLOYEES WORK.
How can the acquisition of Heardle help Spotify?
Does the decision adjust the time value of money and risk appropriately?
How would Spotify value Heardle for an acquisition? Does the decision provide information on whether it creates value for the firm?
How will listening to the full song after playing Heardle help Spotify?
In your opinion, is the acquisition a good decision? Why or Why not?
Answers
Yes, the choice properly adjusts the temporal value of money and risk.
A reasonable acquisition cost for Spotify from Heardle would be $9 billion.
The decision does indeed reveal whether it adds value to the company.
After playing Heardle, Spotify benefits from listening to the entire song.
It was wise to make the purchase. One of the biggest software firms in the world, Microsoft has a lot of resources at its disposal to offer technological web solutions.
When making purchases and signing contracts for sums under $10,000, state agencies are permitted to use the fair and reasonable acquisition method. The F&R acquisition method does not demand an NCB.
It is necessary to examine the pricing and establish whether it is fair and reasonable when using this reasonable acquisition method. To do this, choose one of the methods listed in the section below on how to determine fair and reasonable acquisition. Buyers must base their comparisons on identical circumstances or those with minute variances that have no bearing on pricing when determining fair and acceptable pricing using price comparisons, catalog/market prices, and/or historical pricing.
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Yes, the choice properly adjusts the temporal value of money and risk.
A reasonable acquisition cost for Spotify from Heardle would be $9 billion.
The decision does indeed reveal whether it adds value to the company.
After playing Heardle, Spotify benefits from listening to the entire song.
It was wise to make the purchase. One of the biggest software firms in the world, Microsoft has a lot of resources at its disposal to offer technological web solutions.
When making purchases and signing contracts for sums under $10,000, state agencies are permitted to use the fair and reasonable acquisition method. The F&R acquisition method does not demand an NCB.
It is necessary to examine the pricing and establish whether it is fair and reasonable when using this reasonable acquisition method. To do this, choose one of the methods listed in the section below on how to determine fair and reasonable acquisition. Buyers must base their comparisons on identical circumstances or those with minute variances that have no bearing on pricing when determining fair and acceptable pricing using price comparisons, catalog/market prices, and/or historical pricing.
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Oleg's four employees have been with him since he opened Ready Recruitment Services nearly a decade ago. As he anticipates staffing his new branch office, he decides none of these four long-time employees are ready to manage the office. Faced with this difficult situation, what should Oleg do?
A. He should appoint one of the three anyway to show that he appreciates their loyalty and commitment.
B, He should run the new branch himself and appoint one of the three to take over the original office.
C. He should hire a new qualified employee to manage the office since utilizing his unready employees could be detrimental to the business.
D. He should appoint all three to the new branch and let them run it using a team approach.
Answers
Olego should run the new branch himself and appoint one of the three to take over the original office since he don't want to use his long-time employees.
Why should Olego run the new branch himself ?According to the question, we were told that he had four long-time employees which are ready to manage the office, but due to his way of managing things he don not see any of them as the best match that can handle the things like he want, then the best is to handle things himself.
In conclusion, the best advice for Olego is to get the new branch and run it by himself.
Therefore, option B is correct.
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How can you eliminate trip hazard
Answers
The removal of trip hazards As you walk, be sure you can see where you are going. Avoid transporting loads that you cannot see over.
Any of the various forms of transportation infrastructure that are used to convey people and products between locations are referred to as means of transportation. Both the method of transportation and the means of transportation are used equally. The modes of transportation are road, air, sea/ocean, etc., while the methods of transportation include bus, train, airplane, ship, vehicle, etc. road, rail, sea, and air. In the logistics sector, these are the four main modes of transportation (or types). Transferring a consignment from one mode of transportation to another. airlift, lift. airborne delivery of individuals or objects (especially when other means of access are unavailable).
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4. “TOKYO, Aug, 17 (Xinhua)—Although Japan’s economic growth turned positive as shown by the statistics of the second quarter, It remained sluggish due to poor control of the COVID-19 pandemic and persistently weak personal consumption. Japan’s real gross domestic product (GDP) inched up 0.3 percent in the second quarter compared to the previous quarter, up 1.3 percent at an annual rate, according to statistics released by the Cabinet Office on Monday. Which of the following is NOT a problem associated with using Gross Domestic Product as a measure of economic performance. A. Statistics released by the Cabinet Office are often revised as more accurate information becomes available. B. Transactions being counted more than once. C. Certain transactions that take place in the Japanese economy are not recorded. D. Non-market production.
Answers
According to data issued by the Cabinet Office, Japan's real gross domestic product (GDP) increased 0.3 percent in the second quarter compared to the first quarter and 1.3 percent annually.
According to statistics, the third state of emergency in Japan kept the country's economy in a slump in the second quarter. Private consumption, which makes up more than half of the GDP, increased by just 0.8 percent from the first quarter, which economists view as making up for a previous sharp decline.
Japan's economy once again grew negatively in the first quarter of this year, with real GDP falling by 1.0 percent from the previous quarter and personal spending falling by 1.4 percent.
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What is a series of connected education and training programs that allow you to secure a job and then to advance within an industry or occupation
Answers
Career Pathway is a series of connected education and training programs that allow you to secure a job and then advance within an industry or occupation
This is further explained below.
What is Career Pathway?Generally, Within the context of workforce development in the United States, "Career Pathways" refers to a technique called "Career Pathways" that is used to assist people in their transitions from school into and through employment.
In conclusion, A career pathway is a linked sequence of education and training programs that may get you hired in a certain industry or profession and then enable you to grow within that field or position.
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An online streaming service sells movie rentals for $5.99 to its American shoppers. A large American chain store sells a physical copy of the same movie for $5.99. Which of the following is a possible reason that the online streaming service could expect to rent a movie for the same price that it could be purchased for somewhere else?(1 point)
a. Government intervention on maximum prices is the most common cause of abnormal market pricing. In general, the government will set a maximum on the prices of common goods. The retailer selling the movie might like to charge more but may not be able to.
b. Lack of knowledge is an important factor in determining market prices. Retailers almost always assume that shoppers don't look around for a bargain and will generally charge whatever price they want.
c. Location is an important factor in determining market prices. For the online streaming service, the buyer doesn't even have to leave his or her home, while the physical copy would need to be picked up at the store. The online retailer can charge the same price for a lesser product because the retailer is conveniently located for the consumer.
d. Government intervention on minimum prices is the most common cause of abnormal market pricing. In general, the government will set a minimum on the prices of common goods. The online retailer renting the movie might like to charge less but may not be able to.
Answers
Answer:
C
Explanation:
You can often sell less of product for more money if convenience is added to the product value.
for example, you I to gas station & pay more for a 20oz soda than our do a 2liter. you're getting way less soda for twice the amount. you are paying for the convenience of not carrying around a 2 liter
Capitallist market systems
Answers
Answer: I think the answer is B because the capitalist marketing system is controlled by the market owners rather than the government, so the market owners depend on the consumers to buy their stuff. Hope this helped! Im sorry if it's wrong :(
Please help it should be 3 paragraphs with 4 sentences in each paragraph. thanks
Answers
In writing an essay you must consider the structure of the essay, Hence, the structure of the essay should be considered;
The Introduction The bodyThe conclusionThis is further explained below.
What are paragraphs?Generally, In written communication, a self-contained unit of speech that focuses on a single concept or point is referred to as a paragraph.
In conclusion, Paragraphs are a typical method of structuring longer sections of text, despite the fact that their use is not mandated by the orthographic norms of any language that employs a writing system.
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How do firms solve the problem of an economic surplus?
A. They decrease prices to the market equilibrium Price.
B. Increase mass production in the factories
C. They increase prices so they are about the market equilibrium price.
Answers
Firms usually solve the problem of an economic surplus by decreasing the prices to the market equilibrium price.
What is a consumer surplus?In economics, the consumer surplus refers to the difference between the highest price a consumer is willing to pay and the actual price they paid for the good which is the market price of the good). In other words, it means the difference between what a consumer is willing to pay and what they actually pay for a good or service.
This surplus is one way to determine the total benefit that the consumers receive from their goods and services. If they are willing to pay more for an item than the current asking price (the market price), then, they are theoretically receiving an additional benefit by purchasing the item at that price. But if the price was their maximum willingness to pay, then, they would get less benefit from the purchased product.
In conclusion, most Firms solve the problem of an economic surplus by decreasing the prices to the market equilibrium price.
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Research reveals that we cannot train ourselves to become more positive and
happier.
True or False
Answers
Answer:
False
Explanation:
Research finds it takes four positive thoughts to balance one negative thought.
Being positive makes for a better life and better perspective on things in life, we CAN train ourselves to be more positive and happier. :)
Research reveals that we cannot train ourselves to become more positive and happier, is the false statement.
What is meant by Research?Research is defined as the creation of new knowledge and/or the creative use of previously acquired knowledge to create new concepts, theories, and understandings.
In order to achieve new and creative discoveries, this may entail combining and interpreting past studies. A comprehensive, meticulous, and patient inquiry carried out to discover or establish facts or principles.
Research attempts to serve society by advancing knowledge through scientific theories, concepts, and ideas. The creation of hypotheses, data collecting, analysis, and other research techniques help to achieve a goal.
Thus, it is a false statement.
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Q5) In 2018, two members of Congress introduced the Stop Bad Employers by Zeroing Out Subsidies Act, which would tax firms whose employees receive government assistance. These members of Congress thought this legislation would give firms a reason to raise employee wages so fewer employees would receive the government assistance. Economists at the Center on Budget and Policy Studies believed that the implementation of this legislation would
a) result in most employers raising employee wages substantially.
b) result in many employers likely seeking to reduce the number of low-wage workers they employ.
c) actually reduce the wages of all workers.
d) have little to no impact on the number of low-wage workers being employed.
Answers
The Center for Budget and Policy Studies' economists predicted that when this legislation went into effect, many firms will try to cut back on the number of low-wage workers they employ.Thus ,option b is correct.
In order to levy a tax on large firms whose employees get specific federal benefits throughout the year, this measure changes the Internal Revenue Code. An employer is considered a "big employer" if they averaged at least 500 employees working during regular business hours the year prior. The Zeroing Out Subsidies Act made it a requirement that large employers (those with more than 500 employees) who have employees who get government assistance pay tax equivalent to the amount of assistance given to those employees. Employer subsidies are not what these are, and to claim otherwise is a falsehood. The funds do not get to the businesses.We have agreed that residents of the US should have a certain basic quality of living.To know more about Zeroing act subsidies visit:
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Allowing each employee to choose between working hour options is an example of which ethical principle? Utilitarianism, universalism, rights, justice, virtue ethics
Answers
Allowing each employee to choose between working hour options is an example of justice.
What is justice in the work place?This is the term that has to do with the fact that all of the people that are in the same workplace have the option of getting treated and having the same rules that are applicable to them. That is no one person has to be worse of in the business place when the other persons that are in the region are able to get things done in a different way.
With this said, if one person in the business is able to choose what their business hours would be, it would be applicable to the others that are also in the environment. This is a way for the business to ensure justice.
Hence we would say that Allowing each employee to choose between working hour options is an example of justice.
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This graph suggests unemployment in the United States
Answers
This graph suggests that an unemployment in the United States will continue to rise.
What is an unemployment rate?An unemployment rate refers to the percentage of the unemployed individuals in an economy among individuals currently in the labour force. It is determined at the national level via the labour-force surveys conducted by the national statistical institute in each country.
Going forward, from the attached graph, it is seen that the graph suggests that an unemployment in the United States will continue to rise.
Missing options 'This graph shows the US unemployment rate from August 2010 to November 2011. This graph suggests unemployment in the United States"
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Witch of these statements is correct with regards to the implementation of marking objects
Answers
The statements regarding the implementation of the display object are True.
Fact: To change the application, we need the applicant's initials.
Implementation is the implementation or implementation of a plan, method or design, idea, model, specification, standard, or policy to achieve something. So implementation is an action that must follow all prior thoughts in order for something to actually happen. Implementation is defined as executing something. An example implementation is an application by the administrator of a new set of procedures.
The purpose of the implementation plan is to provide the following format: Define the actions/actions required to implement each selected best practice. Develop communication/training and implementation plans. Set time frames and target dates for tasks/activities and communication/learning. Business adoption helps connect departments, open up communication channels, foster a diverse culture within the organization, and increase efficiency and productivity. Successful businesses associate performance factors with projects designed to develop and optimize individual and departmental performance.
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Question 24 (6 points)
Which rung on the Social Technographics Ladder represents those that simply maintain their profiles on a
social networking site?
0000
Inactives
Spectators
Joiners
Critics
Collectors
Answers
The "Spectators" rung on the Social Technographics Ladder reflects users who merely keep their social networking site accounts up to date.
The term "technographics," a combination of the words "technology" and "demographics," refers to data that discusses the usage of technological solutions, their rates of acceptance, and any issues they may pose to businesses. Technographic information by itself provides a look into how companies employ technology. Meanwhile, this information offers a mechanism to greatly enhance conversion outcomes when combined with targeted marketing and sales activities. Marketing and sales teams can develop tactical, focused campaigns that address the actual problems encountered by firms going through a digital transition thanks to technological data. B2B initiatives can stand out from the competition and support sustainable customer conversion by addressing on-the-ground problems and offering thorough answers for new challenges using technographic data.
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6 of 10
How could defaulting on a loan or having a high debt-to-income ratio
impact your future opportunities?
It can improve your credit score and make it easy to borrow money for big
purchases like a house or car.
It can block affordable options in your searching algorithms.
There is no impact on future opportunities.
It can lower your credit score and make it difficult to borrow money for big
purchases like a house or car.
Answers
Like defaulting on a loan or having a high debt-to-income ratio
impact your future opportunities, in the sense that you can lower your credit score and make it difficult to borrow money for large purchases like a house or car.
How to improve your credit score?It is essential that the individual has a financial plan so that he can meet his responsibilities on a loan in the amount and date agreed by contract. Timely payments are essential to raise your credit score, there are some features that help with this purpose, such as pre-scheduled payments to be automatically debited.
Therefore, personal financial planning is an essential tool for citizens to make financial decisions in line with their reality, a personal budget will help to better understand their income and expenses, and consequently, better manage their money.
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The clinic issued 1,000 additional shares of capital stock to Doctor Weston at $75 per share.
The clinic purchased scoping equipment. The equipment cost $90,000, of which $30,000 was paid in cash; a note
Issued a check for $2,400 In full payment of an account payable to Leah Laboratories.
May 19 Purchased office supplies on account for $240, Payment is due in full by June 10.
May 25 Collected a $15,000 account receivable from the Goosinger Medical Insurance.
May 31 Declared and paid a $50,000 cash dividend to stockholders.
Answers
1) Debit: Cash - 75,000
Credit: Capital Stock: 75,000
Purchasing scoping equipment
Debit: Diagnostic Equipment - 90,000
Credit: Cash - 30,000; Notes Payable - 60,000
Amount payable to Leah laboratories
Debit: Accounts Payable - 2,400
Credit: Cash - 2,400
May 19:
Debit: Surgical Supplies - 240
Credit: Accounts Payable - 240
May 25:
Debit: Cash - 15,000
Credit: Accounts Receivable - 15,000
May 31:
Debit: Dividends - 50,000
Credit: Cash - 50,000
According to its corporate charter, capital stock is the total number of common and preferred shares that a corporation may issue. The most shares that can ever be in circulation are capital stock, which can only be issued by the corporation. The sum is shown in the company's shareholders' equity part of the balance sheet. The most shares a firm may ever have outstanding is equal to its capital stock. A business can raise capital without taking on debt by issuing capital stock. The corporation loses more control and the market value of its outstanding shares as a result of issuing capital stock.
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Which of the following statements about debt financing is FALSE?
A. Debt financing comes from banks or other commercial
lenders.
B. When a bank gives a company a loan, they become partial
owners of the company.
C. Companies often have to pay interest when they use debt
financing.
D. It's harder for startups to get debt financing.
Answers
Answer:
B
Explanation:
Which of the following is correct?
Multiple Choice:
A) Statement of Cash Flows is reported on a particular date
B) Income Statement is reported on a particular date
C) Balance Sheet is reported on a particular date
D) Balance Sheet is reported for a specific time period
Answers
Balance Sheet is reported for a specific time period. Hence, option D is appropriate.
What is the Balance Sheet?A balance sheet is a summary of the financial positions of a person or an organization in financial accounting, regardless of whether they are a sole proprietorship, a business partnership, a corporation, a private limited company, or another type of organization like the government or a not-for-profit entity.
A financial statement that lists a company's assets, liabilities, and shareholder equity at a certain point in time is referred to as a balance sheet. The foundation for calculating investor return rates and assessing the capital structure of a company is provided by balance sheets.
A balance sheet provides you with a quick overview of your company's financial situation at any given time. A balance sheet, along with an income statement and a cash flow statement, can aid business leaders in assessing the financial health of their organization.
Hence, option D is correct.
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QUESTION 8
All of the following procedures for refilling the engine oil are correct, EXCEPT:
Select the correct option and click NEXT.
Run the engine for 5 seconds and then turn it off.
Check the oil level with the dipstick.
Check for leaks underneath the engine.
Reuse the drain plug gasket.
Answers
Then turn off the engine after five seconds of operation.
How long should your car be left running before you switch it off?If you're going to wait more than ten seconds, turn off your ignition. Contrary to popular opinion, starting your automobile up again does not result in increased fuel use. In actuality, leaving the engine idle for just 10 seconds uses more petrol than starting it again.
Is turning off an automobile after starting it bad?Response given by. wonderful question Contrary to popular misconception, repeatedly starting and stopping your automobile won't cause excessive wear and tear or harm to the engine or starter; in reality, the only negative effect is a brief strain on the battery.
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Anthem Company has 100,000 shares authorized, 90,400 shares issued, and 20,200 shares of treasury stock. Determine the number of shares outstanding.
Answers
The number of shares outstanding mathematically given as
x=70200
What is the number of shares outstanding. ?Shares are fractional ownership interests in a company. For certain businesses, shares are a kind of financial instrument that allows for the equitable distribution of any declared residual earnings in the form of dividends.
A stock with no dividend payments does not distribute its income to its shareholders.
Generally, the equation for the Number of Shares Outstanding mathematically given as
Shares issued minus shares repurchased equals the number of shares that are currently outstanding (Treasury stock)
x=Shares issued - Shares repurchased
Therefore
x = 90,400 Shares Issued - 20.200 Shares Held in Treasury
x=70200
In conclusion, the number of shares outstanding
x=70200
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Peter Drucker, a well-known management scholar, has said that
companies should be evaluated on two basic dimensions:
Answers
Peter Drucker, a well-known management scholar, has said that companies should be evaluated on two basic dimensions: :A. profitability and philanthropy.
What does being a philanthropy mean?The term philanthropy is known to be a term that connote that “love that a person has for humanity.
It entails the giving of gifts of time, talent as well as treasure. Therefore, Peter Drucker, a well-known management scholar, has said that companies should be evaluated on two basic dimensions: :A. profitability and philanthropy.
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Peter Drucker, a well-known management scholar, has said that companies should be evaluated on two basic dimensions: O profitability and philanthropy legality and profitability O customer satisfaction and profitability legality and responsibility consumerism and responsibility
Previous question
Ace company reported the following information for the current year sales 410,000
Answers
The correct gross profit will be $129,000. Gross profit is the amount of money a company keeps after deducting all of the expenses incurred in producing and offering its goods or services. The correct option is C.
How do you calculate the COGS?The expenses incurred within a specific time period to produce your items are shown as Costs of Goods Sold (COGS). COGS is calculated as starting inventory fewer purchases minus ending inventory.
Given,
Net Sales = $410,000
Opening stock = $132,000
Closing stock = $144,000 ( which is overvalue by $20,000)
Purchase = $273,000
Required to Find Gross Profit =?
Gross Profit = Net Sales - COGS
COGS = Opening stock + Purchase - Closing stock
= $132,000 + $273,000 - ($144,000 - $20000)
COGS = $281,000
Gross Profit = Net Sales - COGS
= $410,000 - $129,000
Groos Profit = $129,000
Thus, the ideal selection is option C. The accurate gross profit is $129,000 after adjusting the closing stock.
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Your Question seems incomplete most probably your full question was attached in the file given below.
Which attribute of ethical behavior is exhibited by individuals who feel an obligation to be truthful, trustworthy, just, and courteous to others?
Answers
To act with good faith, intellectual honesty, and fairness while adhering to moral ideals. Accountability means accepting responsibility for one's choices, actions, and outcomes.
What are the principles of integrity?Three major pillars—honesty and openness, respect and dignity, and exemplarity—are the foundations around which eight integrity principles have been defined and expressed. We must all adhere to the same moral and ethical principles in our day-to-day work.
Being truthful and exhibiting a staunch and unshakable dedication to high moral and ethical standards are practices of integrity. Being truthful, honest, or accurate in one's actions is the definition of integrity in ethics.
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significance of the basic communication models
Answers
Answer:
Communication is the exchange of messages between a sender and a receiver via a medium. This is the basic communication model. The receiver's response or feedback is part of the model and consideration of the context(s) in which communication takes place is also important.
Explanation:
Case Study - financial risk analysis and hedging strategy A pension fund manager expects to receive an inflow of funds in 90 days time and would like to invest some of the funds in a certain stock. The stoc price today is $25. The fund manager would be very happy if in 90 days' time the stock was selling for $25. But he is worried about the possible stock price rising in the period, so he decided to hedge the risk with futures or option markets. He asks you as a financial consultant to help him to mal the decision. The maximum price the manager would pay for the stock is $30. An innovative financial institution offers you the following type of contract. If the stock price is above $30, you can buy the stock at $30. If the stock price is below the $X, you buy the stock at a price of $X. If the stock price is between X and 30, you will pay the spot price. The lower bound, X, is set by the financial institution such that the value of the contract is zero. Current market information provides you with the following information: Volatility of the stock (0) 27.25 percent Discount Rate (rc) 6.00 percent (continuous interest rate Assuming a 365-day year for both volatility and risk free rate. For the contract provided by the financial institution, can you identify the two implicit options? (Hint: Buying Call and Writing Put). Explain why with their net values associated with different stock prices. Since the lower bound X, is such that the value of the overall contract is zero, determine the lower bound X for the contract. (Hint: you need to pay a premium for buying a call option and you will receive a premium for writing a put option. The X value is determined by the condition that the call premium paid equals the put premium received. You need to us Black-Scholes model and the trial-and-error method to find the X value)
Answers
Answer:
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COMPLETE ANSWER
THE ANSWER TO THE QUESTION IS I'M GOING TO VOTE BRAINLIEST.
GIVE A PROVE YOUR ANSWER
Direction: Read the statements and choose the correct answer from the given choices and prove it.
A. Micro environment
B. Internal environment
C. Economic Aspects
D. Financial Resource
E. Human resources.
F. Macro environment
G. External environment
H. Politico-legal
I. Corporate image
J. Demographic
1. It directly affects the firm's activities.
2. It is all forces and events outside organization effect on its activities.
3. It refers to the size and geographic distribution of the population.
4. It does not immediately affect activities of the firm.
5. It affects the firm in both the revenue side and cost side.
6. A firm should develop, maintain and enhance a good business image.
7. This includes laws, ordinances, and regulations.
8. The social behavior of the employees greatly affects the working of the business.
9. It is a term covering all financial funds of the organization.
10. It is where all functions within a firm. i
Answers
Matching all the statements with the correct option-
1. It directly affects the firm's activities. - Microenvironment
2. It is all forces and events outside the organization that affect its activities. - External environment
3. It refers to the size and geographic distribution of the population.- Demographic
4. It does not immediately affect the activities of the firm. Macro environment
5. It affects the firm in both the revenue side and cost side. - Economic Aspects
6. A firm should develop, maintain and enhance a good business image. - Corporate image
7. This includes laws, ordinances, and regulations. - Politico-legal
8. The social behavior of the employees greatly affects the working of the business. Internal environment
9. It is a term covering all financial funds of the organization. - Financial Resource
10. It is where all functions within a firm are. - Human resources.
What are the factors affecting any business?
There are two types of factors that can affect the activities of a business which include internal factors as well as external factors.
The internal factors present inside the organization include employees, clients, suppliers, vendors, distributors, and so on.
The external factors which affect the business form outside sources which includes changes in law, technology, fluctuations in the market, and so on.
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1. Todd knows that he wants to work in hospitality and tourism, but he isn’t sure that he wants to attend college. Compare and contrast the education or training and certifications needed for several different careers in the hospitality and tourism industry that could help Todd decide what his next steps are.
2. Remember Michael? Turns out he took the job as a dishwasher so he could get restaurant experience and move closer to his dream of becoming a chef. Think about Michael in ten years. He is applying to be chef de cuisine at a local fine dining restaurant. This is a management and leadership position. Thinking about Michael’s likely career trajectory from dishwasher to chef, what elements might Michael include in a digital portfolio to make him a competitive candidate for the chef de cuisine job? Why might it be important for Michael to create a portfolio when applying for this job?
3. Why are ethics important in the hospitality and tourism industry? Compare and contrast appropriate/inappropriate workplace social behavior and work ethics.
Answers
Answer: Any hospitality professional interested in receiving documented proof of their industry success or expertise should pursue some sort of certification. While there are certifications that acknowledge those who have been in the industry for a long time there are also certifications available for newcomers interested in progressing within their chosen career path. So really, hospitality professionals at all levels need a certification for one reason or another, depending on their career goals.
Skills needed for hospitality and tourism jobs include active listening, rapport building, problem-solving, and organization. Educational qualifications for tourism and hospitality positions range from less than a high school diploma to a college degree.
Most people in Hospitality and Tourism careers get success with secondary education only as they receive on-job training to learn what they require. Therefore, Todd shall have to attend his college.
What is a Hospitality and Tourism career?Hospitality and Tourism career jobs includes providing planning, management, food, recreation, travel, and similar services. These jobs provide higher monetary perks.
No minimum education is needed to get a job in a hospitality and tourism career. This industry values experience more than education. People are more likely to get success in hospitality and tourism as they learn and update themselves while doing the job. On-job training is an essential advantage of these careers.
Therefore, Todd should take the above steps to work in hospitality and tourism. Hence, Todd shall have to attend his college.
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