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Rita is a manager of a medium-sized service company. She is currently involved in redesigning her department to ensure that employees and other resources can respond more quickly and efficiently to the needs of its customers. Rita's efforts are part of the organizing function of management.
Machinery
Mechanical, electrical, or computer devices or equipment designed to perform specific tasks or functions, often in an industrial or manufacturing context.
Implied Power
Powers not explicitly stated in laws or regulations but deemed necessary to implement express powers or authority.
Corporation
A legal entity recognized by law as separate from its owners, with its own rights and liabilities, capable of owning property, entering contracts, and being sued.
Dividends
Portions of a corporation's earnings distributed to shareholders, typically in the form of cash or additional shares.
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