What does it mean for a manager to have a wide span of control? Would you expect the span of control to be wide or narrow when subordinates are highly trained professionals? Support your answer.
What will be an ideal response?
A wide span of management (or span of control) exists when a manager has a large number of subordinates. A wide span of management does not require excessive supervision of oversight which would be the case for highly trained professionals. A wide span of control--one manager for many, competent professionals--is often adequate when managing highly-trained staff.
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For which of the following types of bonds is interest expense recognized each year even though no interest is paid?
A) debenture bonds B) zero-coupon bonds C) serial bonds D) mortgage bonds
Demographic segmentation is so frequently used in market segmentation because it ________
A) creates smaller segments than other methods do B) creates more easily reached segments than other methods do C) does not involve stereotypes D) involves the easiest information to obtain E) involves the fewest attributes
If a $1,000, 9 percent, 10-year bond was issued at 96 plus accrued interest one month after the authorization date, how much cash was received by the issuer?
a. $967.50 b. $960.00 c. $1,007.50 d. $992.50
Jonathan Martin is the owner and operator of Martin Consultants. At the end of its accounting period, December 31, 2009, Martin Consultants has assets of $430,000 and liabilities of $205,000. Using the accounting equation and considering each case
independently, determine the following: a. Jonathan Martin, capital, as of December 31, 2009. b. Jonathan Martin, capital, as of December 31, 2010, assuming that assets increased by $12,000 and liabilities increased by $15,000 in 2010. c. Jonathan Martin, capital, as of December 31, 2010, assuming that assets decreased by $8,000 and liabilities increased by $14,000 during 2010.