When the Golf Course Is Open for Business,they Have to Pay

question 57

True/False

When the golf course is open for business,they have to pay management salaries,insurance,depreciation of building and equipment,and so on,regardless of how many customers they have during the day.These are examples of variable costs.

Differentiate between horizontal and vertical differentiation within organizations.

Understand Charles Perrow’s key aspects of organizational structure modification in response to technology.

Explain the concept of spatial differentiation in organizations.

Recognize the structural dynamics of new organizations or subunits.

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Definitions:

Return On Investment

A profitability measure that calculates the return of an investment relative to its cost.

Profit Center

A division or segment of a company that is responsible for generating its own revenue and profit.

Residual Income

The income that remains after all personal debts and expenses have been paid, or in business, after all capital costs are deducted from net revenues.

Internal Centralized Service Department

A department within an organization that provides essential services or support centrally to other departments, often aiming to increase efficiency and standardization.