The impact of financial accounting information on investors' and creditors' decisions is closely related to the concept of:_______
Answers
The impact of financial accounting information on investors' and creditors' decisions is closely related to the concept of materiality. In auditing and accounting, the term "materiality" refers to the importance or "significance" of a sum, a transaction, or a discrepancy.
According to the general accepted accounting principles (GAAP) criterion known as "materiality," all items that are conceivably likely to have an influence on investors' decision-making must be documented or disclosed in full in a company's financial statements. The significance of information in financial accounts of a corporation is referred to as materiality. A transaction or business decision is "material" to the business if it necessitates reporting to investors or other users of the financial statements and cannot be excluded.
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Related Questions
Based on the spreadsheet below, which of the following is a true statement? a. The net cash flow is negative. b. The net cash flow is zero. c. The net cash flow is positive. d. The net cash flow can’t be determined.
Answers
Answer:
c. The net cash flow is positive.
Explanation:
A net positive balance occurs when the total cash inflow exceeds total cash outflows. Inflow is cash coming in, while outflow is cash leaving the business. In a business, sales represent cash inflows, while expenditure represents cash outflows.
In this case, the sales total to $1,600 while expenses are $1,490. The net cash flow is the difference between the inflows and the outflows. Here, the difference is a positive $110.
Answer:
c
Explanation:
Tom purchased franchise rights to open a Maggie Moos ice-cream shop. Since this was his first business ownership venture, he decided to take advantage of the business proposition that a local merchant offered. The merchant owned a discount store in the center of town and asked Tom if he would like to open his business in the discount store. The arrangement proved beneficial to both Tom and the store owner.
Type of Ownership:
Answers
Limited legal responsibility partnership (LLP) is a kind of conventional partnership the place each accomplice has a restricted private liability for the debts of the partnership.
What is distinction between LLP and LLC?In fundamental terms, the proprietors of an LLP are regarded companions in an organization, whilst the proprietors of an LLC are members. As a result, there are key variations between how the restricted legal responsibility protection is recognized, how an LLC and LLP are managed and how every shape is taxed.
A A restrained liability partnership (LLP) is a enterprise structure that approves business owners to shield their personal property from lawsuits whilst nevertheless enjoying the protections of a corporate entity. LLCs are popular among small groups because they offer flexibility and convenience, in contrast to other kinds of corporations (LLP) is a enterprise shape that approves enterprise proprietors to defend their private property from court cases whilst nonetheless playing the protections of a company entity. LLCs are popular amongst small companies because they provide flexibility and convenience, unlike other kinds of groups
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What is the benefit of a 529 education saving plan?
The school of choice doesn't affect whether the funds may be used.
Employers can match the funds an employee contributes to the plan.
The government reduces the amount of interest earned in the plan.
Employees can make contributions on income before they pay taxes.
Answers
Answer:
The answer is A "school choice doesn't affect whether the funds may be used" :) Hope this helps!
Explanation:
The benefit of 529 savings plan is that the school of choice doesn't affect whether the funds may be used.
What is 529 savings plan?A tax-advantaged savings program called a 529 plan is intended to help with education costs. It was initially only intended to cover postsecondary education expenditures, but in 2017 and 2019 it was also made available for K–12 education and apprenticeship programs. Savings plans and prepaid tuition plans are the two main categories of 529 plans.
Savings plans grow tax-deferred, and withdrawals made for eligible educational costs are tax-free. Prepaid tuition plans let the account holder pay for college or university tuition in advance and lock in the cost at the going rate.
What are benefits of 529 savings plan?Following are the benefits of 529 savings plan:
Federal tax breaks: If you use the money from your 529 plan for qualified higher education costs, vocational school tuition, K–12 fees, or apprenticeship costs, you won't have to pay taxes on your plan earnings.No limitations based on income: Not all families can benefit from some tax incentives for education since they must meet a maximum income threshold, such as the well-known education tax credits. Such limitations are not included in 529 plans. Regardless of your income level, you can qualify for federal tax benefits on 529 earnings.Adaptability in use: Funds from 529 plans may be spent at select continuous education facilities, vocational courses, and apprenticeship programs that meet certain requirements. Even parents can utilize unused 529 plan money to pay off up to $10,000 in student debt or engage in programs to advance their future careers.Having the option to change investments: According to federal tax laws, the account owner is permitted to change investments twice a year or if the beneficiary is changed. This implies that you are not limited to your initial decision if you are unhappy with the effectiveness of your plan.
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how often will you complete the two initiating processes
Answers
Two primary processes are included in the initiating process group: developing the project charter and identifying project stakeholders.
While developing the project charter is typically done only once, if your organization requires it, you can create a charter at each phase of the project. Identifying project stakeholders occurs throughout the project, but it should occur as early as possible.
When a project is formally approved and assigned to a project manager, it enters the initiating process group.
A project charter will typically also include:
Resources neededStakeholders of importanceA high-level timeline with important datesA rough cost estimateAny risks, issues, or dependencies that are known.To learn more about initiating process group, please refer:
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Which of the following will be accomplished by efficient allocations of the factors of production?
guaranteeing economic success
understanding whether a product will fail
fulfilling many needs and wants of society
replenishment of limited resources
Answers
Answer:C
Explanation: Just took the test:)
What will be accomplished by efficient allocations of the factors of production is fulfilling many needs and wants of society
What are factors of production?factors of production can be regarded as those factor that make production possible such as capital and land.
Therefore, fulfilling many needs and wants of society is one of beauty of production.
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What should be included in your retirement plan?
A the amount of social security you expect to earn
B the amount of money you have in other accounts
C pension amounts from your former employers D all of the above
Answers
Answer:
A
Explanation:
because when you have social security then you are able to secure your money or pension
Answer:
A
Explanation:
because when security are around your money will safe
which type of business might be best for a person with expertise but little or no capital investment?
Answers
A **service-based business** might be best for a person with expertise but little or no capital investment.
Service-based businesses rely primarily on the skills, knowledge, and expertise of the individual or a team of professionals to deliver services to clients or customers. These businesses typically require minimal upfront capital investment compared to businesses that involve manufacturing or selling physical products. Instead, the focus is on providing specialized services such as consulting, freelance work, coaching, tutoring, graphic design, writing, web development, or any other service that aligns with the individual's expertise.
With a service-based business, the primary investment is the time, effort, and expertise of the individual or team. It allows them to leverage their skills and knowledge to generate income and build a client base without significant financial resources. Additionally, service-based businesses often have lower overhead costs since they don't require large inventories, manufacturing facilities, or extensive physical infrastructure.
However, it's important to note that establishing a successful service-based business still requires careful planning, marketing, and effective client acquisition strategies. Building a strong reputation, networking, and delivering high-quality services are crucial for long-term success in this type of business.
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#2- Almost all economic systems today are
Answers
Answer:
Most of the economic systems in the world today are mixed economies. These systems use a combination of government involvement and free markets. Throughout the world, there are different levels of government intervention in mixed economies.
What does a computer forensic specialist do?
Design home security systems
Design large security systems for businesses
Work in network and computer security
Hack into computer systems
Answers
Answer:
a computer forensics specialist is an information technology professional who collects and analyzes data from computers and electronic media to be used as legal evidence in criminal investigations.
Explanation:
3rd sentence
They have fixed costs of £200 per month Each item's raw materials cost £50 The items sell for £150 each
What is the Break Even Point for the business?
Answers
Answer:
2 unit
Explanation:
The break-even point is that point at which a business makes no profit after settling all the necessary fixed cost for the period. It is the point preceding profit making at which costs are recovered
It is calculated by dividing the fixed costs with the sales revenue less the variable cost per unit of an item.
Workings
Fixed cost = 200
Selling price = 150
Variable cost = 50
Break even point = 200/(150-50)
=2 units
Any sales below this ends up in a loss as the fixed cost will not be fully recovered.
why are medical related profession and human resources important
Answers
Specify and explain the typical shapes of the marginal-benefit and marginal-cost curves. How are these curves used to determine the optimal allocation of resources to a particular product. If current output is such that marginal cost exceeds marginal benefit, should more or fewer resources be allocated to this product? Explain.
Answers
Answer:
The completely accurate definition of the particular subject is outlined in the following subsection including its clarification.
Explanation:
The marginal profit trajectory has so far been sloping down, MB decreases, and since most of a commodity is collected as much more quantities of something like a good offer fewer sense of achievement, unlike earlier versions. This same marginal cost of production is pointing down upward, becomes rising as more than just a commodity is generated as additional items need progressively inappropriate utilization of resources.The optimum amount of something like a given substance exists whenever MB is equivalent to MC. If MC reaches MB everything should still be made available fewer resources. In any other context, the services are more useful.The information regarding the marginal-benefit and marginal-cost curves is explained below:
The following information should be considered:
The marginal profit trajectory has so far been falling down, MB decreases, and because many commodity is collected as much more quantities of something such as sense of achievement. This same marginal cost of production is pointing falling upward, that increased as more than just a commodity is produced as extra items required progressively non-appropriate utilization of resources. The optimum amount of something such as given substance exists in the case when MB is equivalent to MC. If MC reaches MB so it still be made available fewer resources.Learn more: https://brainly.com/question/17429689?referrer=searchResults
as
Enrico waited ten years to file a cause of action against Frederico for a breach of contract claim. Frederico can use
his defense.
O insanity
O necessity
Statute of Limitations
O ignorance of the law
Answers
Answer:
Statue of limitations
Explanation:
according to the foreign trade effect, when the price of american-made cars falls, u.s consumers are likely to buy:
Answers
According to the foreign trade effect, when the price of American-made cars falls, U.S. consumers are likely to buy more American-made cars and fewer imported cars.
This effect is based on the concept of price elasticity of demand, which measures the responsiveness of consumer demand to changes in price. When American-made cars become cheaper, they become relatively more attractive to consumers compared to imported cars, leading to an increase in their demand.
The foreign trade effect suggests that when the price of American-made cars decreases, U.S. consumers are more inclined to purchase domestic cars rather than imported ones. This effect is primarily driven by the concept of price elasticity of demand. Price elasticity of demand measures how sensitive the quantity demanded of a product is to changes in its price. When the price of American-made cars falls, it reduces the price differential between American cars and imported cars. As a result, American-made cars become relatively more affordable and competitive compared to their imported counterparts.
The price decrease makes American-made cars more attractive to consumers because they offer a similar product at a lower price. This increased affordability and competitiveness stimulate consumer demand for American-made cars, leading to an increase in their sales. On the other hand, imported cars may become relatively less appealing due to their relatively higher prices in comparison. Consequently, U.S. consumers are likely to shift their preference towards American-made cars and reduce their purchases of imported cars.
In summary, according to the foreign trade effect, a decrease in the price of American-made cars is expected to result in U.S. consumers buying more American-made cars and fewer imported cars. This effect is driven by the principle of price elasticity of demand, where consumers respond to changes in relative prices by adjusting their purchasing decisions.
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Hey does anyone go on the website Mkchat if you dont pls dont answer thnx
Answers
Answer:
yes i do
Explanation:
also pls answer my question on my profile im giving 66 points
The shrimp cocktail appetizers for a large dinner party at a fine dining
establishment were stored at the wrong temperature and then served.
Several of the guests became ill. Who is most likely responsible?
А
Garde manger
B
Maître D
Prep cook
D
Patissier
Answers
C - Prep Cook is most likely responsible.
Who is most likely responsible?The garde manger is most likely responsible for the shrimp cocktail appetizers being stored at the wrong temperature and then served, resulting in several guests becoming ill.The garde manger is a specialized chef that is responsible for the cold food preparations, such as salads, hors d'oeuvres, and cold buffets. Therefore, it is the garde manger's responsibility to ensure that all food items are stored and served at the proper temperatures, as well as making sure that food is properly prepared and presented.The maître d' is responsible for the overall management of the dining room and ensuring that all the guests are served in a timely and professional manner, while the prep cook is responsible for preparing items such as vegetables, soups, and sauces.The patissier is responsible for baking items such as pies and cakes. In this case, the garde manger is most likely responsible for the shrimp cocktail appetizers being stored at the wrong temperature and then served, resulting in guests becoming ill.To learn more about the Prep Cook is responsible for the shrimp cocktail refer to:
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You want to own a photography studio and you open one that specializes in wedding
photography. After 6 months though, your studio fails and you close down. Read the
following scenarios and pick which one you think you should do next.
Answers
Answer:
Explanation:
Open another photography studio that specializes in wedding photography.
Open a photography studio that offers a wider range of services, such as portrait photography, event photography, and commercial photography.
Take a break from photography and explore other career options before deciding on your next steps.
Based on the information provided, it is not clear which of the above scenarios would be the best option for you. Each of these scenarios has its own advantages and disadvantages, and the right choice for you will depend on your personal goals, interests, and circumstances. For example, if you are passionate about wedding photography and believe that your previous studio failed due to external factors, then opening another studio that specializes in wedding photography may be a good option for you. On the other hand, if you believe that your studio failed because the market for wedding photography is saturated or because your services were not competitive, then expanding your portfolio to offer a wider range of services may be a better option. Alternatively, taking a break from photography and exploring other career options may allow you to gain new skills and experiences that can help you in your future endeavors.
Blossom Airlines is considering two alternatives for the financing of a purchase of a fleet of airplanes. These two alternatives are:
1. Issue 75,000 shares of common stock at $30 per share. (Cash dividends have not been paid nor is the payment of any contemplated.)
2. Issue 6%, 10-year bonds at face value for $2,250,000.
It is estimated that the company will earn $700,000 before interest and taxes as a result of this purchase. The company has an estimated tax rate of 30% and has 100,000 shares of common stock outstanding prior to the new financing.
Determine the effect on net income and earnings per share for these two methods of financing.
Answers
The effect on net income and earnings per share for these two methods of financing is negative. The earnings per share is -$2.52 for alternative 1 and -$4.41 for alternative 2.
Blossom Airlines is considering two alternatives for the financing of a purchase of a fleet of airplanes. These two alternatives are:
1. Issue 75,000 shares of common stock at $30 per share. (Cash dividends have not been paid nor is the payment of any contemplated.)
2. Issue 6%, 10-year bonds at face value for $2,250,000.It is estimated that the company will earn $700,000 before interest and taxes as a result of this purchase. The company has an estimated tax rate of 30% and has 100,000 shares of common stock outstanding prior to the new financing.
Methods of financing for Blossom Airlines are: Issue 75,000 shares of common stock and Issue 6%, 10-year bonds.
The effect on net income and earnings per share for these two methods of financing is as follows:
Computation of effect on net income and earnings per share for alternative 1Issuing of shares of common roceeds from issuing of shares2,250,000
Less: Investment in Aircraft(2,250,000)
Net Income-$
Earnings per share=Net income / Number of shares of common stock
Outstanding shares of common stock = 100,000 + 75,000 = 175,000
Earnings per share = -$ / 175,000
Computation of effect on net income and earnings per share for alternative 2Issuing of 6%, 10-year
Proceeds from issuing of bonds2,250,000
Less: Interest(2,250,000*6%)135,000
Less: Investment in Aircraft(2,250,000)
Net Income-$630,000
Tax at 30%(189,000)
Net Income after tax-$441,000
Earnings per share=Net income after tax / Number of shares of common stock
Outstanding shares of common stock = 100,000
Earnings per share = -$441,000 / 100,000
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In
, people invest money in a company in exchange for the company’s
.
Answers
Answer:
In equity crowdfunding, people invest money in a company in exchange for the company’s shares
Explanation:
Equity crowdfunding is the process in which people invest in start up companies and early stage companies that have not been listed on a stock market in exchange for shares in that company. As a result of the investment, the person becomes a shareholder and makes profit when the company do well but if the company fails, shareholders make losses.
Startups and early-stage companies use this method to raise capital.
according to balancing liberty and the pursuit of well-being, the free market fails to protect supplier interests.true/false
Answers
True. According to some perspectives on balancing liberty and the pursuit of well-being, the free market can fail to adequately protect the interests of suppliers.
In a free market, buyers and sellers are able to engage in voluntary exchanges without government intervention. While this can promote competition and innovation, it can also lead to power imbalances between buyers and sellers. Buyers, who may have greater bargaining power due to factors such as their size or purchasing volume, can often dictate the terms of the transaction, leaving suppliers with limited options for negotiation.
Additionally, in some cases, suppliers may be forced to engage in unethical practices in order to meet buyer demands or to compete with other suppliers. This can include cutting corners on quality, violating labor laws, or engaging in other forms of exploitation.
Furthermore, the pursuit of well-being requires not just economic prosperity, but also social and environmental sustainability. The free market can sometimes fail to account for the externalities of economic activity, such as pollution or exploitation of natural resources, which can have negative impacts on society and the environment.
Therefore, in order to effectively balance liberty and the pursuit of well-being, it may be necessary to implement regulations and policies that protect the interests of suppliers, ensure ethical business practices, and promote social and environmental sustainability. This can help to create a more just and equitable economic system that promotes both individual freedom and the common good.
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Which of the following statements does not properly describe the accounting for business combinations? Multiple Choice
The parent company has the option of choosing either the purchase method or the acquisition method to account for the business combination.
Under the purchase method, the subsidiary’s assets and liabilities are not valued at their full fair values on the consolidated balance sheet when noncontrolling interests are present.
The noncontrolling interest is reported as a component of stockholders’ equity when using the acquisition method.
Under the acquisition method, the subsidiary’s assets and liabilities are valued at their full fair values on the consolidated balance sheet when noncontrolling interests are present.
Answers
The statement that does not properly describe the accounting for business combinations is: "The parent company has the option of choosing either the purchase method or the acquisition method to account for the business combination." The first statement is the correct answer.
In accounting for business combinations, the purchase method has been replaced by the acquisition method under the International Financial Reporting Standards (IFRS) and the US Generally Accepted Accounting Principles (GAAP). Therefore, companies no longer have the option to choose between the purchase and acquisition methods; they must use the acquisition method.
Under the acquisition method, the subsidiary's assets and liabilities are valued at their full fair values on the consolidated balance sheet when noncontrolling interests are present, and the noncontrolling interest is reported as a component of stockholders' equity. These statements accurately describe the accounting for business combinations using the acquisition method.
The first statement is the correct answer to the question.
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from an economist's point of view, costs: group of answer choices consist only of explicit costs. may or may not involve monetary outlays. never reflect monetary outlays. always reflect monetary outlays.
Answers
From an economist's point of view, costs may or may not involve monetary outlays. Economists consider both explicit costs (monetary outlays for resources) and implicit costs (opportunity costs of using resources in a particular way) when analyzing costs.
Economists and accountants view costs differently because they have different perspectives and objectives. Accountants focus on recording and reporting the past monetary transactions of a firm, such as revenues, expenses, assets, and liabilities. Accountants use accounting costs, which are the explicit costs that involve actual payments or obligations to pay.
Economists, on the other hand, focus on analyzing and predicting the future decisions and behaviors of a firm, such as production, consumption, investment, and trade. Economists use economic costs, which are the implicit costs that involve the value of the best alternative that is forgone as a result of a choice. Economists also include accounting costs in their analysis, but they add opportunity costs to capture the full cost of a decision.
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determine the payback period for an investment. evaluate the acceptability of an investment project using the net present value method. evaluate the acceptability of an investment project using the internal rate of return method. compute the simple rate of return for an investment.
Answers
An investment is an asset or object received with the aim of producing earnings or appreciation. Appreciation refers to a boom in the value of an asset over the years.
That in shape is loose cash and a guaranteed go-back on your funding. you could start with as low as 1% of each paycheck, though it is an excellent idea to intention for contributing at least as a great deal as your business enterprise match. for instance, a not-unusual matching association is 50% of the first 6% of the profits you contribute.
Investors are understandably cautious. record-high inflation and back-to-back interest rate increases have all triggered volatility. The S&P 500 briefly fell into a undergo market on May 20, again on June 13, and for a 3rd time in September. however, all of that also shouldn't mean sitting out of the marketplace.
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the cost of capital is the ____ . multiple choice question. a. initial cash required for a capital investment net of the salvage value realized from the sale of the investment b. cost of state and local permits that are required to undertake a project c. average rate of return a company must pay d. its long-term creditors and shareholders for the use of their funds e. sum of all cash outflows required for a capital investment
Answers
The cost of capital is the its long-term creditors and shareholders for the use of their funds. The answer is OPTION D
The cost of capital is the minimum rate of return or profit that a company must achieve before it can generate value. The accounting department of a company calculates it to determine financial risk and whether an investment is justified.
A firm's cost of capital can be broken down into explicit and implicit costs. The explicit cost of capital for a specific source can be defined in terms of the interest or dividend that the firm must pay to its fund suppliers. Thus, the cost of capital can be viewed as the "hurdle" rate of return on new investment projects.
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ginger declared bankruptcy and jackie, her trustee, stopped a transfer to thriftyco, a creditor, because she felt it gave an unfair advantage to thriftyco over other creditors. this type of transfer that can be stopped by the trustee is known as a multiple choice debt deviation. void conveyance. illusory conveyance. voidable transfer.
Answers
The type of transfer that can be stopped by the trustee in a bankruptcy case is called a "voidable transfer."
In this scenario, Jackie, the trustee, halted the transfer to Thriftyco because she believed it would give an unfair advantage to Thriftyco over other creditors. The type of transfer that can be stopped by a trustee when a debtor declares bankruptcy is called a voidable transfer. In this scenario, Jackie, the trustee, stopped a transfer to ThriftyCo because she believed it gave an unfair advantage to ThriftyCo over other creditors.
Voidable transfers are those that can be invalidated or undone by the trustee in order to ensure a fair distribution of assets among all creditors.
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Which of the following is the most appropriate opening for an adjustment message granting a claim?
a. First, please allow us to sincerely apologize for any inconvenience this unfortunate situation has caused.
b. Enclosed is authorization for you to take your smartphone to your local dealer for repair.
c. Although you purchased your smartphone "as is," we might be willing to make an exception in your case.
d. Thank you for your letter of September 14 in which you detailed the problems you are experiencing with your smartphone.
Answers
The most appropriate opening for an adjustment message granting a claim would be option A: "First, please allow us to sincerely apologize for any inconvenience this unfortunate situation has caused."
This opening acknowledges the customer's negative experience and demonstrates empathy. It sets a tone of concern and care for the customer's experience. Option B is not appropriate as it is simply providing authorization for repair, but does not address the customer's experience or provide any empathy.
Option C may also be inappropriate as it suggests that the company is not obligated to provide an exception and is hesitant to do so.
Option D also does not provide empathy or acknowledge the customer's negative experience, instead, it focuses on the details of the customer's letter. It is important to start with empathy and then proceed to the details of the adjustment or claim resolution.
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Besides scrolling manually page by page in, say, Print Layout, identify at least two ways to move to specific locations or objects in a document.
Answers
Answer:
1. By pressing the "Next page and Prev. page" button
2. By inserting which page number to go, and then press the enter button
3. By using the "Find" function
Explanation:
In a Print Layout, a user can move to specific locations or objects in a document through the following ways:
1. By pressing the "Next page and Prev. page" button: pressing "Next or Prev. page button allows a user to quickly move from one page to another.
2. By inserting which page number to go, and then press the enter button: this allows a user to quickly navigate and land in the desired page.
3. By using the "Find" function: This can be done quickly with F5 Key: in a situation where a user wants to quickly find a topic, word, or phrase. The "Find" function will quickly show the page, topic, or words and highlight it.
Pangalan ng Tao Nagawa Resulta
Answers
Answer:
Po? ndi kopo maintindihan yung question
answer the question under the picture
Answers
Answer:
Explanation:
The non-voters, when looked at as a group, outweigh the voters. That means that a minority of people decide the policies for the majority -- and for themselves. The non-voters don't have that luxury. They must live with what they had no part in deciding.
Which of the statement is NOT a purpose of an
organizational structure?
A. To coordinate people and resources
B. To organize lines of communication
C. To formalize authority
D. To limits workers' rights
Answers
Which of the statement is NOT a purpose of an
organizational structure?
Choosing:A. To coordinate people and resources
B. To organize lines of communication
C. To formalize authority
D. To limits workers' rights
Answer:B. To organize lines of communication
#READINGHELPSWITHLEARNING #CARRYONLEARNING #STUDYWELLHow a corporation assigns job titles, functions, and obligations is determined by its organisational structure. Hence option B is correct .
What is organizational structure?It aids in establishing who reports to whom and who decides what. Several departments frequently collaborate on projects in startups, which frequently have a matrix organisational structure.
An organisational structure is a framework that specifies how certain tasks are to be carried out in order to meet the objectives of an organisation. Rules, roles, and obligations may be a part of these activities.
How information is transferred across layers of the organisation is likewise governed by its organisational structure. A centralised structure, for instance, makes choices from the top down, whereas a decentralised structure distributes decision-making authority among different organisational levels.
Companies may stay effective and focused by using an organisational structure.Organizational structures are widely used by businesses of all types and sizes. They specify a certain organisational hierarchy.
Each employee's role is described in a good organisational structure, along with how it fits into the larger system. Simply put, the organisational structure establishes who is responsible for what so the business can achieve its goals.
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