Scenario A. Everyday Fashions Corp. is a clothing manufacturer. It has marketing, production, and finance departments, with a manager who heads each of the departments. Beatrice, the CEO, distributes the various organizational tasks to each manager by assigning authority and responsibility. Each manager has ten subordinates who are required to report to him or her. Each department works on its set of tasks in the organization. Beatrice is the top manager, followed by the department heads, and lastly the supervisors. All the managers are accountable to Beatrice alone.In Scenario A, Everyday Fashions Corp. utilizes the ________ departmentalization model.
A. product
B. customer
C. functional
D. divisional
E. virtual
Answer: C
You might also like to view...
When a firm uses an established brand to introduce a new product, it is called a ________
A) brand harmonization B) brand valuation C) brand extension D) brand positioning E) brand parity
Which of the following are considered owners of a corporation?
A) shareholders B) board of directors C) chief executive officer D) corporate officers
ABC Corp. has estimated the following income statement for its next fiscal year
Sales $20,000,000 Variable costs 6,000,000 Revenue before fixed costs 14,000,000 Fixed costs 9,000,000 EBIT 5,000,000 Interest expense 900,000 Earnings before taxes 4,100,000 Taxes (35%) 1,435,000 Net income $2,665,000 a. What is the break-even point in sales dollars for the firm? b. If the average unit cost is $20, what is the break-even point in units?
If his savings account earns a more aggressive 14 percent annual rate of return, Enrique's savings will be worth approximately ________ more by age 68
A) $4,145 B) $245,473 C) $498,596 D) $538,807