Managers Can Be Classified According to Both the Level of the Organization

question 46

Essay

Managers can be classified according to both the level of the organization at which they work and their area of expertise.Discuss these two classification schemes and how they are interrelated,and give a specific business example of this idea.

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Definitions:

Partnership Assets

Resources or items of value owned by a partnership that are used in the operation of the business and subject to division among partners according to their agreement.

Voluntary Dissociation

The act of a member choosing to leave a partnership or business entity according to the agreement terms or state law.

Dissolution of Partnership

The dissolution of partnership refers to the process of terminating the legal relationship between partners and winding up a partnership's business activities.

Partners' Consent

Agreement or approval from all partners in a partnership agreement before certain actions can be undertaken.