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Mica Inc. began operations in October, 2014. During October, Mica sold ordinary shares for €600,000, earned revenue of €66,000, incurred expenses of €36,000, and paid dividends of €3,000. Equity at the end of the month is
Span of Control
The number of subordinates or units that a manager or leader can directly control or supervise effectively.
Horizontal Specialization
The division of work in an organization into distinct tasks, with each employee or department focusing on a specific subset of activities, promoting expertise in those functions.
Vertical Hierarchy
An organizational structure where authority and responsibility flow directly from the top down through various management levels, indicating clear lines of authority.
Corporate Charter
A legal document issued by a governmental authority that establishes a corporation as a legal entity and outlines its structure, objectives, and permitted activities.
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