Bernardo is in the middle of the organizational design process for his company. His team assesses the existing structure and looks for ways to mold it into the new design. This includes focusing on employees’ roles and performance, the way they communicate with each other, and their willingness to adjust to change. Bernardo is working on which step of the organizational design process?
a. Gathering data
b. Understanding the business climate
c. Evaluating the design
d. Setting the scene
a. Gathering data
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Benton and Orton are partners who share income in the ratio of 1:3 and have capital balances of $70,000 and $30,000, respectively. Ramsey is admitted to the partnership and is given a 40% interest by investing $20,000 . What is Benton's capital balance after admitting Ramsey?
a. $20,000 b. $7,000 c. $70,000 d. $63,000
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