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Dramatic Expressions
Dramatic Expressions is a home decorating company that sells many different household accessories ranging from candles to entertainment centers. Wanda is the CEO of the company. She feels that there is not enough specialization within the company and wants to organize the business in a different way. Wanda thinks that the company would be more effective if it were to switch to a new way of organization. For example, there could be a manager in charge of the candles, a different manager in charge of the entertainment centers, and so on.
Another issue that Wanda wants to resolve is that of delegation. She believes that if she could improve her delegating, employees would feel more empowered and want to go above and beyond what they are required to do. There are certain reasons that Wanda has a hard time delegating to others, but she is confident that the problem will be overcome if she works on it.
-Refer to Dramatic Expressions. What could be a possible reason for Wanda not wanting to delegate work?
Credit Memo
A document issued by a seller to a buyer, reducing the amount owed by the buyer due to a return, error, or allowance.
Merchandise Returned
Refers to goods that have been sold and then returned by the customer due to various reasons such as defects or dissatisfaction.
FOB Shipping Point
A term used in shipping contracts to indicate that the buyer is responsible for the goods and shipping costs from the point of origin.
Perpetual Inventory System
An inventory tracking system that records the sale or purchase of inventory immediately through the use of computerized point-of-sale systems and enterprise asset management software.
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