Task 2: Organizational Structures and Managerial Skills

In this activity, you will understand the role of organizational hierarchy and management skills by completing the following tasks:

Conduct online research and explore common organizational structures in any industry of your choice.

Discuss the different qualities and skills that managers working in such an industry should possess.

Answers

Answer 1

Answer:

Sample Answer

Explanation:

Common organizational structures in the magazine industry consist of a chief and managers in charge of different departments. For example, in the editorial department, there is an Editor-in-Chief who is charge of the Managing Editor, Executive Editor, and the Creative Director. Each editor or director has a department they are in charge and have to keep in check. The Managing Editor may put a Copy Chief in charge, but that doesn’t take away the authority of the Managing Editor. Different qualities and skills that managers working in the magazine industry should possess are innovation, excellent writing skills, good research skills, strong interpersonal skills, IT skills, and familiarity with commonly used software, such as HTML, Photoshop, Java, QuarkXPress and InDesign

Answer 2

The hospitality industry typically employs various organizational structures including functional, divisional, and matrix structures.

What are the common organizational structures in the hospitality industry?

In functional structures, departments are divided based on specific functions like marketing, operations, and finance. Divisional structures organize the company into distinct units based on products or geographical regions but matrix structures combine functional and divisional structures to foster collaboration across different departments.

Managers in the hospitality industry should possess a diverse range of qualities and skills to succeed in this fast-paced and customer-centric sector. A strong leadership skills are essential to motivate and guide their teams effectively and exceptional communication skills enable managers to liaise with staff, guests, and stakeholders proficiently.

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Related Questions

A company's ____________ is the percentage of the total target market for the product that belongs to the company.
__________________________
→ A.Market saturation
→ B.Market share
→ C.Brand image
→ D.Market information
_________________________
THANKS!
-----------------------------------------------

Answers

Answer:

Market Share

Explanation:

Market share is the percentage of total output/revenueA company's Market Share is the percentage of the total target market for the product that belongs to the company.

Answer:

A company's market share is the percentage of the total target market for the product that belongs to the company.


Which situation best illustrates the economic concept of opportunity cost?
A. A business has to change its production methods to meet
environmental regulations.
B. A business hires a new programmer, so it can't afford to hire a new
salesperson.
C. A business decides to expand by borrowing a lot of money from
an investor
D. A business opens branches overseas, so it has to hire more
multilingual staff

Answers

B. because opportunity costs is giving up one benefit to gain another benefit.

In today's global market, opportunity cost is when a company hires a new coder but cannot afford to engage a new salesperson. Therefore, option B is correct.

What is an opportunity cost?

When a decision must be made between numerous mutually exclusive options due to limited resources, the opportunity cost of that decision is the value of the best alternative forgone.

Opportunity cost follows directly from the shortage. While determining how to spend their money and time, people must make decisions from various options.

The potential benefits that a person, investor, or business forgoes while choosing between two possibilities are known as opportunity costs. Opportunity costs are easily disregarded because they are by nature invisible.

Opportunity cost is the difference between the value of a different option and the value of the selected one. Opportunity cost is a notion used in decision-making to assist people and organisations in making better decisions, primarily by considering alternatives.

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as more and more companies become proficient at bringing products and services to market, ______ is emerging as a necessary and powerful competitive weapon.

Answers

Answer: Speed

Explanation:

Speed is growing as a critical and effective competitive tool as more businesses become adept at bringing goods and services to market. Therefore, the correct response is Option (D).

What is the role of speed in competitive business?

Your product's speed to market determines how quickly you'll deliver it to clients and whether you're quicker than your rivals. Delivering your products before your rivals can provide you with a market edge and position you as the industry leader.

Sales professionals are beginning to understand that speed can provide them with a competitive advantage. A company will achieve excellent results and possibly close more transactions whenever it can complete an action quicker than its rivals. It's difficult to overstate how important speed is in our daily lives.

Hence, option (D) is the correct answer to this question.

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Your question is incomplete, probably the complete question is-

As more and more companies become proficient at bringing products and services to market, ______ is emerging as a necessary and powerful competitive weapon.

A. human resources

B. raw materials

C. money

D. speed

A small publishing company is planning to publish a new book. The production costs will include one-time fixed costs (such as editing) and variable costs (such as printing). There are two production methods it could use. With one method, the one-time fixed costs will total , and the variable costs will be per book. With the other method, the one-time fixed costs will total , and the variable costs will be per book. For how many books produced will the costs from the two methods be the same

Answers

The number of books that will be produced such that the costs from the two methods be the same is 4668 units.

From the complete question, the total cost of the first equation will be:

= 8.25x + 65054

The total cost for the second equation will be:

= 19.50x + 12539

Then, we'll equate both equations together and this will be:

8.25x + 65054 = 19.50x + 12539

Collect like terms

19.50x - 8.25x = 65054 - 12539

11.25x = 52515

Divide both side by 11.25

11.25x/11.25 = 52515/11.25

x = 4668 units.

Therefore, the breakeven unit will be 4668 units.

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Which loan should Eric choose? Why? Explain your reasoning in a complete paragraph, using at least three supporting details. (10 points)

Answers

The loan that should be chosen is the one that will yield the lowest return.

This is an incomplete question, therefore, an overview of a loan will be given. A loan simply means the lending of money to people or an organization. It should be noted that the recipient of a loan incurs a debt.

When comparing the different types of loans, it's important to choose the shortest loan term that is available. This is because one will pay a lower overall level of interest. It's also important to consider the annual yield return.

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how to make money online without paying anything 2020

Answers

Answer:

you could sell stuff online for no cost.

Explanation:

Explain the relationship between households and firms in economics

Answers

Explanation:

Households supply labor to firms and are paid wages in return. Firms use that labor to produce pizzas and sell those pizzas to households. There is a flow of goods (pizzas) from firms to households and a flow of labor services (worker hours) from households to firms.

company can make. This is also known as a(n):
A
Product A
oo
ов
39
65
Product B
A. production possibilities curve.
a
O
O
B. opportunity cost graph.
C. projected annual growth plan.
O
O
D. capital investment model.
SUBMIT

Answers

This graph shows the relationship between the amount of two products a company can make. This is also known as a production possibilities curve. The correct option is (C).

What do you mean by the production possibilities curve?

The line known as the production possibilities curve (PPC) illustrates all the possible output combos that can be created using the available resources and technology.

A production options curve depicts different pairings of two products that can be made using the available resources.

The four factors of production—natural resources (including territory), labor, capital products, and entrepreneurship—combine to make up the input.

When resources are allocated to producing more of one good and less of another, the points on the graph represent how much of each good will be created.

Therefore, this graph depicts the link between the quantity of two items that a firm may produce. This is often referred to as a production possibility curve.

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This is an incomplete question the complete question is:

This graph shows the relationship between the amount of two products a company can make. This is also known as a(n):

A. project annual growth plan.

B. opportunity cost graph.

C. production possibilities curve.

D. capital investment model

when does the right to enforce patent protection begin

Answers

When the idea is created and on paper

when the federal reserve conducts open-market operations to increase the money supply, it

Answers

When the federal reserve conducts open-market operations to increase the money supply, it buys or sells government bonds. The money supply increases when buys bonds and decreases when sells bonds.

An open market operation is an example of monetary policy. Monetary policy are the policies undertaken by a country's central bank in order to affect the level of aggregate demand in the economy.  

An open market operation is the sale or purchase of government bonds. When the Fed sells bonds, its is known as an expansionary monetary policy because it increases the supply of money in the economy. On the other hand, when the Fed buys bonds, it is known as a contractionary monetary policy because it decreases the supply of money in the economy.

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to ________, lance, an hr manager, shares his company’s job openings on social media and online job postings.

Answers

Firms or organizations always recruit from external sources to fill vacancies in their firm. To recruit from outside organization, Lance, an hr manager, shares his company's job openings on social media and online job postings.

External recruitment uses assessment of an available pool of job candidates, to find skilled or qualified to fill and perform existing job vacancies.

It entails searching outside of the current employee pool to fill open positions in an organization.

A company always source from outside hire.Through outside recruitment, a firm can invigorate their organization with fresh talent.

Conclusively, Employee Referrals. Networking (Informal, Formal) Job Fairs (Online and Virtual) are some ways to source from outside organization.

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List 4 stakeholders

Answers

Answer:

Employees,Governments,Local communities,customer

Gordon is over 65 what is his adjusted gross income

Answers

Answer:

huh

Explanation:

hbybibhbil

True or False:
when determining the price elasticity ratio for a good, one should include the direction of change (ie. -5% is different than 5%).

Answers

the correct answer is true hope this helps!

as the attrition loss in a process increases, what happens to the yield?

Answers

Answer:

The yield decreases

Explanation:

Which account will have the highest annual percentage yield (APY)?

A. One that is compounded yearly.

B. One with simple interest that is calculated monthly.

C. One with simple interest that is calculated yearly.

D. One that is compounded monthly.

Answers

The account that will have the highest annual percentage yield (APY) is the "One that is compounded monthly."

This is because, generally, the compound interest account earns more money than a simple interest account.

This is because, in a compound interest account, you not only earn interest on your original money, you also earn interest on the profit you earned or accumulated.

Hence, given that the regular or frequently your money and profits increase or compound, the higher your whole account would increase at the end of the year.

Therefore, in this case, it is concluded that the account compounded monthly will have the highest annual percentage yield (APY) because the whole money is multiplied frequently or monthly.

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the equipment and structures available to produce goods and services are called

Answers

Answer:

physical capital (c)

Explanation:

beep boop

basheer operates a business that smooths and finishes poured concrete floors, sidewalks, driveways, and pool decks. basheer has been observing and timing each task undertaken by his workers because he would like to increase their efficiency. basheer is engaging in ________ management.

Answers

Basheer is engaging in performance management.

As the manager, Basheer is monitoring and evaluating his employee's work to increase their efficiency. He must create the environment for his employees to bring out their best abilities in performing tasks that satisfy customers with the highest quality.

Performance management is a management tool that enables monitoring and evaluation of the tasks carried out by workers so that efficiency can be increased and management's goals achieved.

Thus, Basheer is engaged in performance management when he observes and times each task by his workers to improve performance efficiency.

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when an allocation of resources maximizes total surplus, the result is said to be efficient.

Answers

It is True that when an allocation of resources maximizes total surplus, the result is said to be efficient.

This is based on the governmental policies indicators, which state that the equilibrium of supply and demand maximizes total surplus.

This is because, at the equilibrium of supply and demand, the output point is deemed efficient.

This situation is because there is no other price and quantity combination that can lead to a higher level of total surplus.

Hence, in this case, it is concluded that the statement above is True.

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what is the searching of trade?​

Answers

Answer:

shares are traded on a stock exchange

________ processes span an organization and support activities in multiple departments.

Answers

Answer:

Enterprise processes span an organization and support activities in multiple departments.

Which foodborne illness is accociated with shell fish

Answers

Answer:

Hepitatis A

Explanation:

Which of the following is NOT a type of memo?

Field report memo

Response memo

Fact check memo

Directive memo

Answers

Answer:

the answer is fact check memo

A fact-check memo is NOT a memo. Thus, option (C) is correct.

What are facts?

A fact is a piece of information concerning one or more parts of a situation that, if accepted as true and proven true, allows for a logical conclusion based on a true/false evaluation. To check information, standard reference works are frequently employed. Repeatable meticulous observation or measurement by experiments or other ways is used to verify scientific facts.

Fact-checking is the practice of verifying factual information in order to promote the veracity and accuracy of reporting. [verification failed] Before (ante hoc) or after (post hoc) the content is published or otherwise disseminated, fact-checking might be performed. Internal fact-checking is done in-house by the publisher; external fact-checking is done when a third party reviews the text.

Therefore, Thus, option (C) is correct.

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individuals in different segments should have ______ within the segment and ______ across the segments.

Answers

Answer:

similarities; differences Is correct answer

Explanation:

individuals in different segments should have similarities within the segment and differences across the segments.

(Hope this helps can I pls have brainlist (crown)☺️)

what is an example of an activity that would be considered a management function for an sec audit client?

Answers

An example of an activity that would be considered a management function for a sec audit client is the designing of a proposal targets whereby SEC auditors are borrowing funds or issuing debt to accumulate working capital."

A management function generally involves making plans and goals about the direction of a firm.

A SEC has to deal with business operations relating to Security and Exchange Commission.

Thus, in this case, it is concluded that an example of a management function of an SEC client in the audit must relate to designing a plan that relates to SEC and the auditing process.

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activity #1 picture identification as to what type of business

direction identify the following pictures below whether it is a
Service
Merchandising
Manufacturing or a
Hybrid type of business​

Answers

Answer:

1. Manufacturing

2. Service

3. Merchandising

4. Manufacturing

5. Hybrid type of business

Explanation:

I'm not sure about my answers but- they are based on logic if you look closely at each picture

¯\_(ツ)_/¯

describe the following trends in buinesses. Give an example of what you can do to maintain a productive business environment to support each trend.


a. Social responsibility





b. Green business





c. Globalization





d. Technology ​

Answers

Answer:

d

Explanation:

Alot of people today have technology if you had a version of your own and it goes viral you could make 63,903 a year..experienced coders get 85k

By the end of the nineteenth century, the United States banking system transitioned from

Answers

By the end of the nineteenth century, the United States banking system transitioned from bimettalism to flat greenback currency.

Bimetallism involves the use of gold and silver as a form of legal tender. The worth of the quantity of the gold and silver is usually presented as a form of exchange to buy the equivalent of the goods and services.

The change was done close to the civil war and this helped to stabilize the economy as the silver coinage was exempted thereby giving rise to displeasure of people who had Silver. The aim of this change was achieved as inflation was stopped.

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3

Tina wants to purchase new pair of shoes for 95$ and a jacket for 100$.

She has a credit card to use. What are her alternatives? *

O jacket and 100$

O shoes and jacket

credit card and 100$

none of the above

Answers

None of the options shows an alternative Tina has, a real alternative would be a credit card and cash ($190)

In economics, an alternative is an element that replaces or substitutes another. For an element to be considered an alternative it needs:

To belong to the same category or have the same function.To be possible for the user to replace the first element using the alternative.

Based on this, let's analyze each of the options:

Jacket and $100: These are not alternatives because Tina wants a jacket and this product cannot be replaced with money as money will not protect Tina from cold weather.

Shoes and a jacket: These are not alternatives because Tina wants the two products not only one.

Credit card and $100: These would be alternatives if the total cost was $100. However, using a credit card Tina can pay for both products but using $100 she can only pay for one of the products.

Therefore, the options do not present alternatives; but one valid alternative is a credit card and $190.

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maritime industries is a federal contractor that makes navigation equipment for naval ships. maritime industries rarely focuses on the external environment and is very rigid due to the structured contracts that drive most of its business. because the products maritime industries sells need little improvement and there is virtually no competition, maritime industries takes few risks. maritime industries is an example of an adhocracy culture.

Answers

Maritime industry is said to be rigid, they take few risks, they have structured contracts so the type of culture here would be the hierarchy culture.

There are 4 types of business culture. These are the:

Clan cultureAdhocracy cultureMarket culture The hierarchy culture.

The answer here is concerned with the hierarchy culture because this system is traditionally structured. What this means is that they are rigid and have a set way of doing things.

This is what makes them risk averse. It creates room for very little creativity and and they are very slow to making improvements or following changes in the marketplace.

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