Orders related to the organizations primary purpose

Assignment Help Business Economics
Reference no: EM131244557

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.

Reference no: EM131244557

Questions Cloud

Deadweight loss-the supply of lettuce in the short run : The supply of lettuce in the short run will be? ________ than the supply in the long run and? ________ than the supply today. Deadweight loss is
How much is the dollar overvalued and undervalued : You are given the following information. The current dollar-pound exchange rate is $2 per pound. A U.S basket that costs $100 would cost $120 in the United Kingdom. What is the expected U.S minus U.K. inflation differential for the coming year? What ..
Determining the market structure of particular industry : How does having a menu that is uniform around the country provide McDonald’s with economies of scale? Why is menu planning made more complex by expanding into other countries? Define “market structure.” What factors are considered in determining the ..
Calculate how much domestic consumer gain or lose from quota : The country’s government now decides to t impose a quota that limits sugar imports to 240 million pounds per year. With the import quota in effect, the domestic price rises to $0.12 per pound, and domestic production increases to 160 million pounds p..
Orders related to the organizations primary purpose : 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 highe..
Minimize the sum of absolute values of errors : Suppose that you have to fit with an OLS regression the following four points on the X-Y plane: (0; 0), (0; 1), (1; 0) and (1; 1). You would do that by minimizing a sum of squared errors. What would be the values of ^ and B1 and B0? Suppose now that ..
How the groups labor force participation rate is affected : For each group identified in bold type below, use the labor-leisure choice model to illustrate graphically and then explain the change in the quantity of leisure desired. Be sure to explain how the group’s labor force participation rate is affected. ..
Treat the country listed as the home country : Treat the country listed as the home country, and treat the United States as the foreign country. Suppose the cost of the market basket in the United States is P(US)=$190. Check to see whether PPP holds for each of the countries listed, and determine..
Construct a single income-leisure choice graph : Steve Slacker is age 25, has an MBA degree, but is not working. Instead he is living at a major ski area, using the $2,000 per week he gets from his wealthy family. Construct a single income-leisure choice graph to show Steve’s situation before and a..

Reviews

Write a Review

Business Economics Questions & Answers

  Make offer at that salary or continue interviewing process

BK Books is an online book retailer that also has 10,000 "bricks and mortar “outlets worldwide. You are a risk-neutral manager within the Corporate Finance Division and are in dire need of a new financial analyst. You are very impresses with the firs..

  Substitution also income effect which would result

Elucidate using a diagram the substitution also income effect which would result from a change in the price of a normal good.

  What are two ways for a competitive firm to determine

As additional units are produced, the marginal revenue product falls for all firms because marginal product decreases. For firms operating in industries that are not perfectly competitive, marginal revenue product also falls because

  Investors interested in eurodollar interest rate futures

Why are investors interested in eurodollar interest rate futures and/or interest rate options? How do these instruments relate to financial risk? How might they be used in conjunction with exchange rate derivatives?

  Described in the fair trade material play an important role

Explain why non-governmental organizations (NGOs) like the cooperatives described in the Fair Trade material play an important role in the economic development of developing countries. Why do the governments of these countries require help to protect..

  Justify the trade restriction on ball bearings

Which of the subsiquent arguments is the president using to justify the trade restriction on ball bearings

  Discuss two major economic worries

Discuss the two major economic worries faced by American politicians, unemployment and inflation, and the options available to address them.

  Department store could improve its net profit position

Discuss how Macy's department store could improve its net profit position? Discuss the specific factors in cost of goods sold that would improve the gross margin position of the department store in sales. What other programs besides JDA planning are ..

  Use supply and demand curves-equilibrium price

Use supply and demand curves to analyze increase/decrease for the following scenarios? i) shift ii) movement iii) equilibrium price iv) equilibrium quantity. Coffee prices soar due to a shortage of coffee beans. Market: Donuts. Prices for next year a..

  Transaction be reported on the statement of cash flows

ABC Company acquired some land (independently appraised at $12,000) and paid for it by issuing 1,000 shares of its common stock (par $10 per share; no market price was quoted). How should this transaction be reported on the Statement of Cash Flows (S..

  The general role of financial intermediaries

The general role of financial intermediaries is to:

  What is the co?ee shops marginal product of milk

Suppose that your co?ee shop has the production function. where b is the amount of co?ee beans used and m is the amount of milk used.5. What is the co?ee shop’s marginal product of beans? What is the co?ee shop’s marginal product of milk?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd