Task 2: Organizational Structures and Managerial Skills

In this activity, you will understand the role of organizational hierarchy and management skills by completing the following tasks:

Conduct online research and explore common organizational structures in any industry of your choice.

Discuss the different qualities and skills that managers working in such an industry should possess.

Answers

Answer 1

Answer:

Sample Answer

Explanation:

Common organizational structures in the magazine industry consist of a chief and managers in charge of different departments. For example, in the editorial department, there is an Editor-in-Chief who is charge of the Managing Editor, Executive Editor, and the Creative Director. Each editor or director has a department they are in charge and have to keep in check. The Managing Editor may put a Copy Chief in charge, but that doesn’t take away the authority of the Managing Editor. Different qualities and skills that managers working in the magazine industry should possess are innovation, excellent writing skills, good research skills, strong interpersonal skills, IT skills, and familiarity with commonly used software, such as HTML, Photoshop, Java, QuarkXPress and InDesign

Answer 2

The hospitality industry typically employs various organizational structures including functional, divisional, and matrix structures.

What are the common organizational structures in the hospitality industry?

In functional structures, departments are divided based on specific functions like marketing, operations, and finance. Divisional structures organize the company into distinct units based on products or geographical regions but matrix structures combine functional and divisional structures to foster collaboration across different departments.

Managers in the hospitality industry should possess a diverse range of qualities and skills to succeed in this fast-paced and customer-centric sector. A strong leadership skills are essential to motivate and guide their teams effectively and exceptional communication skills enable managers to liaise with staff, guests, and stakeholders proficiently.

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Related Questions

How does fractional-reserve banking influence the money supply in the United States?

Answers

The banking system help influence money supply by using customer's deposit to generate more money in the system.

The Fractional reserve banking is a system where the banks hold some fraction of the customers' deposit as reserves and the rest are used to generate returns in the form of interest rates on loans.

The United States banking system practices the fractional reserve banking because its allows the commercial banks to get interest on customer's deposits with them

Therefore, in conclusion, the fractional-reserve banking influence the money supply in the United States because the process helps creates more money and thus increases the economy money supply.

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Answer:

Fractional-reserve banks issue depositor funds to borrowers, increasing the number of claims made on the same dollars.

Explanation:

how was each monopoly situation successfully eliminated?

Answers

Answer:

monopoly is fire my guy

dude its so hard not to rage in that game

Select the correct answer.
Which technique helps you become more resourceful?
A.
looking at current trends
B.
looking for perfect solutions
C.
thinking like a child
D.
thinking more logically

Answers

Answer:

Thinking more logically

Answer:

it isnt think logically

Explanation:

What is institutional advertising focused on promoting?
____________________
A. A company
B. The Internet
C. A service
D. A good

Answers

Answer:

BONJOUR,

A OPTION IS THE ANSWER

MERCI

Question Mode Multiple Choice Question A marketing channel in which multiple segments are owned by the parent company is known as a(n) ______. Multiple choice question. conventional marketing channel independent marketing channel corporate vertical marketing system unified horizontal marketing system

Answers

Answer:

marketing channel....

how did the geographic location of harappa affect trade?

Answers

Answer:

The city was convenient for trading opportunities.

Explanation:

what do you mean by Producer's Equilibrium ?????​

Answers

Answer:

it is refered to as profit maximization condition

Answer:

it is refered to as profit maximization condition

It's ne Lilly unnie

with respect to the national saving and investment identity for any country, the quantity of _______________ at any given time by savings must ________________ for purposes of making investments.

Answers

With respect to the national saving and investment identity for any country, the quantity of foreign aid supplied at any given time by savings must be lower than the quantity of domestic aid demanded for purposes of making investments.

The foreign aid supplied can be referred to as export while the domestic aid demanded is referred to as the Import. Any nation which takes its economy very serious will always ensure that the Export is more than the Import.

This is to ensure that the nation is able to save and invest as a result of the high gross domestic product it possesses as a result of its sales of goods and services being more than its spending.

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in cochabamba, bolivia, the informal economy is a small but important sector of the overall economy.

Answers

It is False that in Cochabamba, Bolivia, the informal economy is a small but important sector of the overall economy.

This is because the informal economy in Cochabamba is widespread in the street.

However, because they don't pay taxes or report earnings, it is hard to conclude that it is an important sector of the overall economy.

Also, since the statistics of the informal economy of Cochabamba do not reflect on the Bolivia general economy, the statement is considered False,

Hence, in this case, it is concluded that the correct answer is False.

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What topics should be included in the marketing plan?

Answers

Answer:

Price Place Promotion Product

Explanation:

It is pretty self explanatory.

Do you guys know any specific issues that affect businesses?? If so please name any!!! It’s urgent :)

Answers

political - For example, new legislation

economic - For example, inflation and unemployment

social - Changes in taste and fashion or the increase in spending power of one group, for example, older people

technological - For example, being able to sell goods online or using automation in factories

environmental - For example weather conditions affecting sales or production and growing interest in being ‘green’ , for example by recycling

competitive - The impact of a rival firm which may have a similar product or which may lower its prices.

BBC Bite Size.

Please mark BRAINLIEST.

cost is not paid by the insurance company and are unrecoverable

Answers

Answer:

yes

pls mark brain

Explanation:

For six months, Joel paid the minimum amount due on his credit card bill on time and didn't see his balance rise as a result. Then, he saw the amount owed suddenly jump. What is one possible reason this happened?

A. He was charged a minimum-payment penalty.

B. His interest rate increased.

C. He was charged an overdraft fee.

D. Late fees were added to his bill.​

Answers

The sudden rise in the credit card bill of Joel would be due to the increase in rates of interest.

Option B is correct.

What is interest rate?

Interest rate is the percentage being charged on the total amount of borrowed funds being taken by the borrower.

Joel 's credit card bill seemingly risen which he wouldn't noticed in spite of being paid the amounts on time. This happens due to rise in rates of interest being levied on the total amount of credit card.

Therefore, the reason being mentioned in Option B is correct.

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What is something that quantitative research won't tell you?
A. A company's annual earnings
B. A company's stock performance over the past five years
C. How happy a company's employees are
D. When a company went public

Answers

The findings that quantitative research won't tell you is "When a company went public."

This is because quantitative research measures the situation in value using numbers analysis

Usually, quantitative research analyzes numerical data to conclude.

Options A, B, and C can be measured on numerical scales, in which the conclusion can be reached.

However, option D is just a date; it cannot be analyzed with quantitative research analysis.

Hence, in this case, it is concluded that the correct answer is option D. "When a company went public."

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Answer:

c

Explanation:

took the test

which of the following is not one of the six functional areas of business that sits on a foundation of business law?

Answers

Answer:

state and federal taxation

Explanation:

John worked 40 hours this week. His rate of pay is $12.50 per hour. What is his gross pay? $425 $500 $475 $505

Answers

Answer: $500

Explanation: 12.50 * 40 = 500

Answer:

His pay would be $500 because you have to multiply the 40 hours and the $12.50 you see how much money the got so he would get $500

How do I quit my job as cashier already wrote resignation letter

Answers

dont walk up to ur boss n dont say nun n jus walk out dat mf yo
Then your good job t

By the end of the nineteenth century, the United States banking system transitioned from

Answers

By the end of the nineteenth century, the United States banking system transitioned from bimettalism to flat greenback currency.

Bimetallism involves the use of gold and silver as a form of legal tender. The worth of the quantity of the gold and silver is usually presented as a form of exchange to buy the equivalent of the goods and services.

The change was done close to the civil war and this helped to stabilize the economy as the silver coinage was exempted thereby giving rise to displeasure of people who had Silver. The aim of this change was achieved as inflation was stopped.

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How would a two percent rise in interest rates most likely affect new housing?​

Answers

A two percent rise in interest rates would most likely affect new housing by making the price of the houses fall in the long run.

As the interest rate of possessing a mortgage rises, many individuals would not afford a house with a mortgage.

Subsequently, as people are shying away from possessing mortgages with high-interest rates, home investors and sellers need to reduce their house prices to attract buyers.

Hence, in this case, it is concluded that a two percent rise in interest rates would most likely affect new housing by making the price of the houses reduce in the long run.

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What is a “work point”?

Answers

Answer:

A work point is an independent entity whose location is defined in space.

Explanation:

Work points may be placed or projected onto part faces, linear edges, or onto an arc or circle. Work points can be constrained to the center points of arcs, circles, and ellipses.

With respect to the selection tools that are used in processing applicants for a sales job:Group of answer choicesNone of these is correct.Companies should use standardized forms (developed for general use by any company) as much as possible.The most effective sequence is to start with an application blank and follow up with a series of interviews.The least costly tools should be used first.Under Affirmative Action guidelines, a company is not allowed to use psychological tests.

Answers

The companies should use the standardized forms because it is the most effective and guarantee quality selection.

Let understand that Selection tools are those tools used in selection process of hiring qualified applicant for a job.

The various method of selecting qualified applicant include:

Preliminary screeningPhone interviewsFace-to-face meetings etc

The standardization form of selecting applicants is most effective because its means that the process have been established and guarantees quality selection.

Therefore, Option A. is correct.

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determine the present value now of an investment of $3,000 made one year from now and an additional $3,000 made two years from now if the annual discount rate is 4 percent.

Answers

The present value of the investment is $5,658.29.

The present value is the value of an investment today. It is determined by adding the sum of the discounted cash flows of the investment.

Present value of year 1 cash flows= $3000 / 1.04 = $2,884.62

Present value of year 2 cash flows=$3000 / 1.04² = $2,773.67

Sum of the discounted cash flows = $2,773.67 + $2,884.62 = $5,658.29

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based on normal market reaction, the market price of stock will:

Answers

Explanation:

the study of the characteristics of human populations such as size density age race gender and income is known as

on friday, elsbeth deposited her pay check for $872.56. what was the account’s final total? -$866.84 $878.28 $895.03 $903.10

Answers

It is I think $2670.96

Answer:

The correct answer is B. $878.28

Explanation:

Trust me.

Segment margin is equal to sales revenue less all costs attributable to a segment that ______. Multiple choice question. is the same thing as contribution margin is calculated as part of a special-order decision includes both direct and common fixed costs includes both variable and direct fixed costs

Answers

Answer:

includes both variable and direct fixed costs

Explanation:

an economist would explain reece’s decision to be – because she – the prepaid cost, and made her decision based on the marginal benefit and cost of going. in economics these prepaid costs would be referred to as – costs, which are unrecoverable.

Answers

Answer:

An economist would explain Reece’s decision to be rational  because she ignored  the prepaid cost, and made her decision based on the marginal benefit and cost of going. In economics, these prepaid costs would be referred to as sunk costs, which are unrecoverable.

cost flow is in the reverse order in which costs were incurred when using

Answers

Answer:

last-in, first-out, or LIFO.

There is no direct relationship between economies of scale and economies of scope because A. economies of scale pertain to one output and economies of scope pertain to more than one output. B. economies of scale pertain to and economies of scope pertain to . C. economies of scale pertain to and economies of scope pertain to . D. economies of scale pertain to more than one input and economies of scope pertain to one input. E. economies of scale pertain to one input and economies of scope pertain to more than one input.

Answers

Answer:

c

Explanation:

What is market information?

Answers

Answer:

Market Information means an electronic document (also available in paper form upon request) located on the Trading Platform which sets out the commercial details for each Market, including but not limited to: Margin Factors, the minimum and maximum Quantity and Our Spread.

Explanation:

brainliest plz

Answer:

The results of marketing research that are used to plan for future marketing or product development activities. The information may come from a single source or through a system of collection.

Explanation:

on edge 2022

Which is an example of ethical investing?
A. Michael invests in a company because its financials are solid.
B. Liam puts money into a mutual fund that produces steady returns.
C. Erin invests in a company because of its commitment to the
environment.
D. Kaori sells her shares in a company because she needs the
canital

Answers

Answer:

C

Explanation:

C. Erin invests in a company because of its commitment to theenvironment.

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