Part 1 Goering‚ Zarcus‚ and Schmit are partners and share income and loss in a 3:2:5 ratio. The partnership’s capital balances are as follows: Goering‚ $84‚000; Zarcus‚ $69‚000; and Schmit‚ $147‚000. Zarcus decides to withdraw from the partnership‚ and the partners agree to not have the assets revalued upon Zarcus’s retirement. Prepare journal entries to record Zarcus’s February 1 withdrawal from the partnership under each of the following separate assumptions: Zarcus (a) Sells her interest to Getz
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PRODUCT MANAGEMENT (FINALS) March 26‚ 2014 What will you do to be able to design your sales quotas and sales territories? Why? How would you handle the assigning & organizing of your salespeople/sales person? Should Krisha will be benefit more if she choose to market her product in and around Luzon‚ or it will be profitable to market in a large segregate with high market potential? OBJECTIVES Achieve your sales budget of 1‚000‚000 numbers
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Chapter 9: Organizational Structure and Design 9.1 Designing Organizational Structure Discuss the traditional and contemporary views of work specialization‚ chain of command‚ and span of control. Describe each of the five forms of departmentalization. Differentiate authority‚ responsibility and unity of command. Explain how centralization/decentralization and formalization are used in organizational design. Work specialization: dividing work activities into separate job task whereby individual
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True/False True 1. Empowerment is letting others make decisions and exercise discretion in their work. True 2. Given a clear mission‚ core values‚ objectives and strategy‚ organizing begins the process of strategy implementation by clarifying jobs and working relationships. False3. In the management process of organizing‚ the strategic leadership challenge is to choose least expensive organizational form to fit the strategy of the organization. True4. An organization’s ability to implement its
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depend on reasons that have little or nothing to do with the job. True False 4. An employee’s overall intention to quit depends on the desirability of leaving‚ ease of leaving‚ and alternatives available to the employee. True False 5. Employees who have a high intention to quit necessarily end up quitting their jobs. True False 6. Desirability of movement is a weak
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After reading chapter nine about strategic management I have found out that it is a key component of an organization. Many objectives have to be kept in mind when implementing strategic management such as understanding that both planning and designing a strategy involves a great amount of risk and resource assessment‚ the ways to counter the risks‚ and obtain effective utilization of resources all while trying to achieve a significant purpose. Organizations are normally established with a goal in
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To ensure that no discrimination exists when accommodations are requested due to religious and disability requirements‚ one must first be knowledgeable of the law itself. When reviewing requests for accommodations‚ individuals must submit the appropriate documentation to the Americans with Disabilities Act (ADA) coordinator which should include recommendations from a medical provider when the request is due to a disability. The key word in the ADA is “reasonable”. Employers are to provide reasonable
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Consider the situation where you are working under contract for another organization. If you are given a set of project specifications (detailed requirements)‚ to what degree should you attempt to understand the needs behind these requirements before or after starting the project? Ultimately I want my project to be a success. I want to run the project the client wants and drive to the business solution the client needs. In order to do that well‚ I think it’s very important to understand the needs
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Waits and Sons is a landscaping business operating as a family business since 2007 (Waits‚ 2012). Matt Waits has been the contracted landscaper for the residence at 411 N Wayman Street for the past three years. In a recent interview‚ Waits answered the following questions: • How and when would you determine the need to create a job position within your business? As contracts are signed and the demands for more maintenance visits grow‚ we will be looking to fill new positions. In fact‚ we are
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This assignment is based on an Earned Value analysis performed by a cost account manager‚ who has received a variance report (given below) from a performance measurement system. I have calculated the appropriate variances and included corrective measures for each of them. REPORT Variances are calculated as follows: CV (cost variance) = BCWP – ACWP SV (schedule variance) = BCWP - BCWS TASK A B C D E ACWP $22‚550 $32‚000 $16‚000 $10‚000 $23‚000 BCWP $25‚000 $30‚000 $15‚000 $17‚000 $24
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