My order:1- No theft, no match please.2-You can find the instructions inside the document3- Please write a paper in the document4- Write a report on whatever you use to research and what you write in a different document because we will discuss it separately in classWrite at least 8 references using the APA style.NB:Please use simple languagePut the in-text quote in each.Additions within the document.video:MIT OpenCourseWare Video Lecture Series, “Productivity and Costs”)Watch the following video(s), which you can access in the Weekly Media object or by clicking on the link(s) below: And answer the question.;list=SP61533C166E8B0028&index=106.3 Test your knowledge (question):Q: See the video lecture, once an economist Malthus predicted that food production would slow down due to diminishing marginal production of labour, without an increase in capital. Therefore, the continuous increase in demand due to the increase in the world population, may one day lead to mass starvation. Now the world population has increased by more than 800% and there is no mass starvation as expected.Discuss what went wrong with Malthus?6.2 Action Required:Tim Liu founded PentaValley Car Rentals six years ago. He started as a sole trader with only three cars. His company now employs 33 people and has a fleet of 2,000 vehicles. Tim is the CEO. He has four fellow directors. They are responsible for financing, vehicle repair, marketing and management. The last role includes handling all recruitment matters. The financial director has three assistant accountants. The manager in charge of vehicle repair has two supervisors who report to him – one for the day and one for the night shift. They each have six mechanics working under them. The marketing department has four people – one sales manager and three junior sales assistants. The department has six office staff who take all reservations and are accountable to the office supervisor who is under the direct control of the manager.This kind of structure has served the business well, but Tim is concerned about the impact of further expansion on the organization. In particular, he plans to develop two projects – one that will include leasing trucks to other companies and the other that will establish a new office in another country.6.3 Test your knowledge (question):Draw the current organizational structure of Penta Valley Cars Ltd. Include all employees on your graph.Do you think the current structure is suitable for business? Give reasons for your answer6.2 Action Required:Tim Liu founded PentaValley Car Rentals six years ago. He started as a sole trader with only three cars. His company now employs 33 people and has a fleet of 2,000 vehicles. Tim is the CEO. He has four fellow directors. They are responsible for financing, vehicle repair, marketing and management. The last role includes handling all recruitment matters. The financial director has three assistant accountants. The manager in charge of vehicle repair has two supervisors who report to him – one for the day and one for the night shift. They each have six mechanics working under them. The marketing department has four people – one sales manager and three junior sales assistants. The department has six office staff who take all reservations and are accountable to the office supervisor who is under the direct control of the manager.This kind of structure has served the business well, but Tim is concerned about the impact of further expansion on the organization. In particular, he plans to develop two projects – one that will include leasing trucks to other companies and the other that will establish a new office in another country.6.3 Test your knowledge (question):Draw the current organizational structure of Penta Valley Cars Ltd. Include all employees on your graph.Do you think the current structure is suitable for business? Give reasons for your answer
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