Experts only i will rate honestlySolution Fi.pdf

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Experts only i will rate honestly Solution First: find the totals of the driver intoxicated rows T(driver intoxicated)=135 T(driver not intoxicated)=50 P(driver intoxicated)=135/185 No without replacing, we have 134 remaining incididents where the driver was intoxicated out of 184 total incidents, therefore the Prob of selecting another incident with an intoxicated driver is 134/184 Multiplying the probabilities of these two gives our wanted probability 135/185.134/184=1809/3404=.5314.

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Explain the organizational archetypes as described by Mintzberg and discuss how organizational structure influences innovation. Summarize Mintzberg\'s work with archetypes. What key features and implications are involved in each archetype? Why do we need a template for explaining the structure of an organization? Mintzberg claimed we have too many managers and too few leaders. Do you agree or disagree with this and why? Solution Mintzberg\'s Organizational Types: The Entrepreneurial Organization: This type of organization has a simple, flat structure. It consists of one large unit with one or a few top managers. The organization is relatively unstructured and informal compared with other types of organization, and the lack of standardized systems allows the organization to be flexible. A young company that\'s tightly controlled by the owner is the most common example of this type of organization. However, a particularly strong leader may be able to sustain an entrepreneurial organization as it grows, and when large companies face hostile conditions, they can revert to this structure to keep strict control from the top The Machine Organization (Bureaucracy) : The machine organization is defined by its standardization. Work is very formalized, there are many routines and procedures, decision- making is centralized, and tasks are grouped by functional departments. Jobs will be clearly defined; there will be a formal planning process with budgets and audits; and procedures will regularly be analyzed for efficiency. The machine organization has a tight vertical structure. Functional lines go all the way to the top, allowing top managers to maintain centralized control. These organizations can be very efficient, and they rely heavily on economies of scale for their success. However, the formalization leads to specialization and, pretty soon, functional units can have conflicting goals that can be inconsistent with overall corporate objectives. The Professional Organization : According to Mintzberg, the professional organization is also very bureaucratic. The key difference between these and machine organizations is that professional organizations rely on highly trained professionals who demand control of their own work. So, while there\'s a high degree of specialization, decision making is decentralized. This structure is typical when the organization contains a large number of knowledge workers, and it\'s why it\'s common in places like schools and universities, and in accounting and law firms. The Divisional (Diversified) Organization : If an organization has many different product lines and business units, you\'ll typically see a divisional structure in place. A central headquarters supports a number of autonomous divisions that make their own decisions, and have their own unique structures. You\'ll often find this type of structure in large and mature organizations that have a variety of brands, produce a wide range of products, or operate in d.

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explain the differences between fixed costs, semi fixed and variable cost explain the differences between fixed costs, semi fixed and variable cost explain the differences between fixed costs, semi fixed and variable cost FIFTH EDITI O N HEALTHCARE FINANCE An Introduction to Accounting and Financial Management LQU Solution Variable cost is a cost that varies with change in level of output .Such cost remain constant or same in per unit but varies in totality . say at 200 units ,variable cost per unit is $ 2 per unit ,so total cost is 200 *2 = 400 At 400 units ,variable cost will remain at $ 2 ,total cost is $ 400*2=800 2)Fixed cost is a cost which remain same or constant in totality and does not change with level lof output .It remain same in totality but varies in per unit Say at 200 units ,fixed cost is $20000 ,so per unit fixed cost = 20000/200 = $ 100 per unit At 400 units ,fixed cost = $ 20000 ,but per unit fixed cost = 20000/400 = $ 50 per unit 3)semi fixed cost is a mixed cost or a mixture of variable and fixed cost .That is it carries a mixture of both cost . Say At200 units ,advertising cost is 30000 at 400 units ,advertising cost is 70000 In this case not advertising cost is same in per unit(variable) not in totality (fixed) .thus it is a mixed cost..

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