As New Belgium Brewery grew, the owners discovered they needed to hire more and more workers in order to keep up with demand. They needed to devise a division of labor, set up teams or departments to do specific tasks, and assign responsibility and authority to people. This process is called:
a. planning.
b. organizing.
c. leading.
d. controlling.
e. synthesizing.

Identify which of the twelve basic functions listed below fit the description given.

Tara incorporates her sole proprietorship, transferring it to newly formed black corporation. the assets transferred have an adjusted basis of $240,000 and a fair market value of $300,000. also transferred was $10,000 in liabilities, $1,000 of which was personal and the balance of $9,000 being business related. in return for these transfers, tara receives all of the stock in black corporation. a. black corporation has a basis of $241,000 in the property. b. black corporation has a basis of $240,000 in the property. c. tara’s basis in the black corporation stock is $241,000. d. tara’s basis in the black corporation stock is $249,000. e. none of the above.

Oliver is the vice president of production at his company and has been managing the launch of new software systems. he worked with a team of individuals who were tasked to create awareness about a specific product and also to approach potential purchasers of the product. which department managers were part of oliver’s team?