5. 6. is the process of giving employees the authority to make important decisions and to be responsible for their outcomes. a. Centralization b. Standardization C. Management by objectives d. Horizontal differentiation e. Empowerment is a design that groups people together based on their common expertise and experience or because they use the same resources. a. Functional structure b. Divisional structure C. d. e. Matrix structure Hybrid structure Network structure

Q: The value chain is the sequence of business functions in which A. value is deducted from the…

A: The value chain refers to the sequence of business functions in which value is added to products or…

Q: Explain what type of responsibility centre a support department is and the main differences between…

A:

Q: A strategic business unit (SBU) consists of a well-defined set of controllable operating activities…

A: A Strategy Business unit is a separate functional unit mostly set up for specific marketing…

Q: How is an organization chart valuable to an organization?   Why is departmentalization important?

A: Organizational chart: Organizational chart is a graphical representation of the structure of the…

Q: In a(n) a lot of authority, responsibility, and decision making are delegated down the chain of…

A: Delegation of command means transfer of authority or power or control or reponsibility.

Q: Match each of the following with its appropriate term. Controllable factors This is the part of an…

A: An investor center is a unit of business which is responsible for its own assets, income and…

Q: Question Content Area Traditional manufacturing emphasizes all of the following except a. cost…

A: The objective of the question is to identify which of the given options is not a characteristic of…

Q: functions of planning, organizing, leadership, and controlling.

A:

Q: Why companies tend to form teams in handling many and assignment in the organizations?

A: A team is a group of people working in a company who join together to complete a specific task. Each…

Q: Which of the following is the purpose of relative performance evaluation (RPE)?    Multiple Choice…

A: The objective of this question is to understand the purpose of Relative Performance Evaluation (RPE)…

Q: Which of the following is not a common feature of an internal control system? Multiple Choice…

A: Internal control systems are the rules and procedures implemented by an entity to ensure the…

Q: In service industries, what poses a unique challenge for cost management, requiring clear metrics…

A: In service industries, the unique challenge for cost management that requires clear metrics and key…

Q: Managerial accounting is generally defined as including the following activities: Multiple Choice O…

A: Managerial accounting is one of important and useful branch of accounting. Under this, all the…

Q: What is Earning management/creative accounting? How might the monitoring and bonding features of the…

A: Earnings management is the use of accounting practices to construct financial statements that…

Q: What is the goal of organizational​ behavior? A. To change personalities in organizations B. To…

A: Organizational Behaviour: Organizational Behavior is an area of study that examines the effect that…

Q: The Six Sigma methodology in OPM primarily aims to: A) Increase employee morale B) Reduce process…

A: The primary aim of the Six Sigma methodology in Operations and Process Management (OPM) is to: B)…

Variance Analysis

In layman's terms, variance analysis is an analysis of a difference between planned and actual behavior. Variance analysis is mainly used by the companies to maintain a control over a business. After analyzing differences, companies find the reasons for the variance so that the necessary steps should be taken to correct that variance. 

Standard Costing

The standard cost system is the expected cost per unit product manufactured and it helps in estimating the deviations and controlling them as well as fixing the selling price of the product. For example, it helps to plan the cost for the coming year on the various expenses.