What is the purpose of organizations and why do they exist?

Q: The importance of organizations in general of all kinds

A: An organization is that type of an entity like a company, institution or an association which aims…

Q: Do firms have any responsibilities to society atlarge?

A: The answer is Yes, firms have a lot of responsibilities to the society. Also, small businesses still…

Q: How do organizations create a cult

A: Introduction: A group of people who work together for a common goals is referred to as an…

Q: Who should sit on the systems steering committee? What are their typical responsibilities?

A: Accounting Information System: AIS collects, records, stores and processes accounting and other data…

Q: What are the advantages of using HRMS in an organisation?

A: (1) Improved data management. HRMS can handle all employee information as well as…

Q: What is global corporation?

A: The question is based on the concept mode of operation , the company can operate in more than one…

Q: What is a segment of an organization?

A: Segment: A segment refers to a subsection of an organization. It can be any part or activity of the…

Q: What are agency problems?

A: Owners of the company are shareholders. The number of the shareholders for a corporation will be…

Q: What are agency conflicts? What groups can have agency conflicts?

A: Introduction: The problem or conflict of the entity occurs as a result of conflict between two…

Q: What is responsibility accounting?

A:

Q: Define professional corporation

A: Answer: A corporation is a separate legal entity to be registered under state law from its managers…

Q: a) What is a social contract and how does it relate to organisational legitimacy? b) Explain two…

A:

Q: What exactly is a social contract, and how does it relate to the legitimacy of an organization?

A: The Answer :

Q: Corporate governance is concerned with:

A: Corporate Governance is a set of principles, systems and, processes that make sure that a company is…

Q: How do you think the "organizer of activity"?

A: The question seems confusing. Therefore, I am answering the following terms: Organized activity…

Q: How corporate governance is defined?

A: Corporate governance can be defined using the following points:

Q: Explain the features ofa corporation

A: Corporation: A corporation is a form of business entity that is incorporated through the state…

Q: When does an agency problem happen?

A: Agency problem is the probelm of difference in opinion of management and the shareholders.

Q: What are the similarities of the Autocratic Model, custodial Model, Supportive Model, Collegial…

A: Management and owners have official authority to govern the work and the workers that work for them…

Q: What is a segment of an organization? Give several examples of segments.

A: A segment is a subsection of an organization It can be any part or activity of the organization,…

Q: What is an agency order?

A: Solution- Agency order An order to buy or sell that a broker executes with another investor. The…

Q: What are the primary reasons for segmenting organizations?

A: Market Segmentation:   Market segmentation refers to research that results in dividing the customers…

Q: What is corporate governance?

A: Corporate Governance is a framework that includes rules, processes, guidelines, laws to govern the…

Q: Should organisations operate in the interest of shareholders or the stakeholders?

A: Stakeholder means those person who use and study the financial statement and make the appropriate…

Q: What information must an enterprise report by geographic area?

A: The information that an enterprise must report by geographic area are:  Revenues from external…

Q: What is ALCO and what important duties do they perform?

A: A resource with economic value that a person, company, or country owns or controls with the…

Q: What is a social contract and how does it relate to organisational legitimacy

A: Social Contract:   Social Contract is refer as the how business interact with the society.

Q: What are stakeholders? How do the three primary stakeholder groups influence organizations?

A: The primary motive for which an organization functions is to have profits. Profit calculation is…

Q: What is a social contract and how does it relate to organisational legitimacy? and Explain two ways…

A: A social contract refers to a way in which a business interacts with society. As per social contract…

Q: ways on how to avoid conflict of interest in an organization.

A: Conflict of interest in an organization arises when the management and the employees do no share…

Q: Explain what social responsibility is and the impact it has on stakeholders.

A: Social responsibility in terms of business refers to the social accountability that a business…

Q: Who are the sponsoring organizations of COSO, and what is COSO best known for doing?

A: Definition:

Q: What is the cause of the agency problem and how do we try to solve it?

A: Agency Problem:  An agent is a person who acts on behalf of another person. An agent should always…

Q: Describe Corporate Gvernance?

A: Corporate governance is the set of rules, procedures, and processes that guide and control a firm.…

Q: merits and demerits of organizational structure

A: Organizational structure is a structure that defines the flow of activities within the organization.…

Q: What is the purpose of a responsibility accounting system?

A: Responsibility accounting system: the responsibility accounting system is an internal system that…

Q: What is organization structure?

A: Organisation structure is a system used to define a hierarchy within an organization. It identifies…

Q: What is the significance of science and technology to accountancy? What is the relationship of…

A: Note: Since you have asked multiple questions, we will solve the first question for you. If you want…

Q: What is the purpose of the IPSASB and what are the reasons for its establishment?

A: This question tells about the purpose of the IPSASB and what are the reasons for its establishment .

Q: what is the importance of an organizational culture and a corporate culture?

A: Organizational culture is regarded as the set of values, expectations, and practices by which the…

Q: _____________Is concerned with providing information for the use of those who are inside the…

A: Accounting: Accounting is recording, classifying , summarizing, analyzing and interpreting of…

Q: What is conflict of interest and how do you resolve in an organisation?

A: Conflict of interest: Conflict of interest occurs when a person derives personal benefits by…

Q: What are the differences of the Autocratic Model, custodial Model, Supportive Model, Collegial Model…

A: An organizational behavior model is defined as the basic structure that is used to represent the…