Which of the following is an example of a company flattening its structure?
A. Jay's Auto eliminates four layers of management.
B. Doug's Excavating opens branches in the South and the Midwest.
C. Marco's Windows fires 300 production workers and hires 50 managers.
D. Billy's Produce hires two new salesmen.
E. Kimmi's Design adds an assistant manager position.
Answer: A
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In 2010, Blanton Company bought equipment with a cost of $160,000, an estimated residual value of $40,000, and an estimated life of 15 years. It was depreciated by the straight-line method for 4 years. Due to obsolescence, it was determined at the beginning of 2014 that the useful life should be shortened by 3 years and the residual value changed to zero. The depreciation expense for 2014 is
a. $11,636 b. $16,00 c. $11,00 d. $8,000
Answer the following statements true (T) or false (F)
Although not specifically mentioned in the most recent definition of liabilities, deferred credits continue to be part of the liability section in the balance sheet under present practices.
Many firms prefer to distribute directly to the final customer or consumer because they
A. believe they can serve target customers at a lower cost. B. can use the Internet to make direct distribution easier. C. think they can do the work more effectively than intermediaries. D. want to control the whole marketing job. E. All of these are reasons why firms may prefer direct distribution.
The lower risk nature of long-term debt in a firm's capital structure is due to the fact that ________
A) the debt holders are the true owners of the firm B) equity capital has a fixed return C) creditors have a higher position in the priority of claims D) dividend payments are tax-deductible