Laurel and Hardy Are Managers of Two Product Lines for Keaton

question 38

Essay

Laurel and Hardy are managers of two product lines for Keaton Company.One of them is a candidate for promotion based on performance.Using the data below, determine who had the better performance.Detail your calculations and support your answer.
$\begin{array}{lrr}& \underline { \text { Laurel }} & \underline { \text { Hardy } } \\\text { Revenue } & \$ 412,000 & \$ 450,000 \\\text { Costs } & 380,000 & 411,000 \\\text { Average assets } & 400,000 & 600,000\end{array}$

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Definitions:

Evolutions

The gradual development and progression of species or systems over time, often associated with biological, technological, or organizational changes.

Frame-bending Change

Significant transformation within an organization that alters the existing structures or methods, but does not completely overhaul the organizational framework.

Top-down Change

An approach to organizational change where decisions and initiatives are initiated by higher-level management and disseminated downwards through the hierarchy.

Senior Staff

Employees who hold high-ranking positions within an organization, often responsible for decision-making and strategic planning.