the principle that "trade can make everyone better off" applies to interactions and trade
Assignment: As we have seen in the last two units an organization's structure is an important factor in how effectively it will operate. Basic organizational design revolves around two organizational forms (superstructures): a mechanistic organizational structure and an organic organizational structure. Research and describe, in detail, each of the superstructures (mechanistic and organic) using the concepts that we have dicussed related to the function of organizing (eg. authority, span of management, decentralization.etc.). Also specify under which conditions each structure is appropriate. January 1, 20 - Assets Liabilities & Stockholders' Equity Liabilities: IVER Cash $ 33,000 Accounts receivable.......... 51,150 Land 313,500 $ 74,250 Accounts payable Total liabilities... $ 74,250 YAN Building. Equipment 752,400 371.250 Owners' equity: 57.750 Capital stock. Total liabilities and $826.650 owners' equity.... Total assets................. $826.650 During the first few days of January, the following transactions occurred: Jan 1 The business borrowed $99.000 from the bank, giving a note payable due in 90 days. 3 3 5 Additional capital stock was issued in exchange for $44.550 cash Equipment was purchased for 562.700 on credit. The business collected $26.400 of its accounts receivable and paid $32.950 of its accounts payable Assignment: As we have seen in the last two units an organization's structure is an important factor in how effectively it will operate. Basic organizational design revolves around two organizational forms (superstructures): a mechanistic organizational structure and an organic organizational structure. Research and describe, in detail, each of the superstructures (mechanistic and organic) using the concepts that we have dicussed related to the function of organizing (eg. authority, span of management, decentralization.etc.). Also specify under which conditions each structure is appropriate. January 1, 20 - Assets Liabilities & Stockholders' Equity Liabilities: IVER Cash $ 33,000 Accounts receivable.......... 51,150 Land 313,500 $ 74,250 Accounts payable Total liabilities... $ 74,250 YAN Building. Equipment 752,400 371.250 Owners' equity: 57.750 Capital stock. Total liabilities and $826.650 owners' equity.... Total assets................. $826.650 During the first few days of January, the following transactions occurred: Jan 1 The business borrowed $99.000 from the bank, giving a note payable due in 90 days. 3 3 5 Additional capital stock was issued in exchange for $44.550 cash Equipment was purchased for 562.700 on credit. The business collected $26.400 of its accounts receivable and paid $32.950 of its accounts payable