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Business Management

Budgeting and Forecasting: Car Production Example

In the production of a car, if direct materials are $2,000, direct labor $3,000, and factory overhead $1,500, what are my total manufacturing costs? If I am computing a cost variance (variance means difference) against some target or base level, (actual variance to budget or actual variance to prior year, let's say) what migh

Strategic management process questions

Why is strategy important to business? Explain the concept of the strategic management process Discuss the importance of having a future oriented plan Discuss the organization's vision, mission, purpose, philosophy or goals Discuss the strategic process as input for future decision making Thank you

Strategic Management and Competition Between Firms

Please answer the following questions: 1. Define strategic management in your own words for a general audience. Imagine you were trying to explain what strategic management is to one of your family members who is a junior in high school 2. Does the competition between various companies affect your daily life in any way? G

Sales training program: assessment, objectives, methods

The first and most important step in designing a sales training program is the assessment of training needs, which provides the starting point for setting training goals and designing the program. a) Discuss the methods of assessing sales training needs. b) What are some examples of training objectives? c) Discuss some of

Recruiting salespeople: Good team players, kinds of questions, problems

The recruitment and selection of salespeople are certainly among the most challenging and important responsibilities of sales management. Please comment. a) How can sales managers use the recruiting process to ensure that the salespeople that are hired are good team players? b) What kinds of questions can be asked in the in

Research Design Matrix Methods

Review attached â?¢ Qualitative Research Methods â?¢ Quantitative Research Methods â?¢ Summary of Common Research Methods â?¢ Summary: Quantitative Research Methods Selected Designs â?¢ Summary: Qualitative Research Methods Selected Designs Research Design Matrix attached Research Design

OPERATIONS MANAGEMENT

I NEED HELP WITH THIS. I HAVE ALL OF THE INFORMATION ATTACHED TO THE FOLLOWING FORMS. EVERYTHING YOU NEED TO KNOW WILL BE ON THE FORMS. THANK YOU

Control Mechanisms: Bureaucratic, Market, Clan, Strategic

Bureaucratic Control Market Control Clan Control Strategic Control 1. Compare and contrast the above control mechanisms. 2. Determine the effectiveness of these control mechanisms. 3. Examine the positive and negative reactions to the use of these controls.

Budgeting and Forecasting: Define gross profit

The income statement shows gross profit, which is equal to: earnings before taxes minus taxes. gross revenues minus returns and allowances. net sales minus cost of goods sold. operating income minus interest. operating income minus operating expenses.

Budgeting & Forecasting for Wanda's Health Food Store

Wanda wants to open a health food store. She pays rent of $1,500 per month, utilities of $500, insurance of $100 per month, and payroll of $1,250. She estimates that her cost of goods is approximately 65 percent of sales. Wanda would like to make $2,000 a month for herself. a. What is Wanda's contribution margin? b. How m

Front Office Management for a Motel

1. A roadside motel uses a walk-up window for guest registration purpose during late night and early morning hours. A person expresses apprehension about completing the registration process outside in cold weather and asks to enter the building. In another scenario, a person appearing to have a weapon approaches the guest who is

Basic economic concepts

Problem 1 The R. J. Jones Company is a publisher of cowboy novels - novels about the great western experience, where men were men, horses were horses, and...well, you get the idea. The corporation has hired an economist to determine the demand for its product. After months of hard work and the submission of a REALLY large bil

Sociological Perspectives and Cultural Relativism

1. How do the three sociological perspectives differ? Does one make more sense to you than the others? Which one and why? 2. How does cultural relativism affect social relationships and processes?

Maximize a linear objective function with constraints

Maximize the objective function 2x + 3y subject to the constraints that x + twice y is at most 6; and the sum of 5 times x and 3 times y is at most 15; with both decision variables non-negative. Find the optimal solution using linear programming and the graphical solution procedure. What is the value of the objective fu

Scientific Method

Scientific Method Research scholarly journals and locate three to four peer-reviewed organizational research studies. Write a 1,050- to 1,400-word paper that explains how each study follows the scientific method, what questions the researchers were trying to answer, and what procedures were taken in research. Inclu

The Value of the Firm's Operations: Required Rate of Return

Fiedler Roofing, Inc. had a free cash flow of $275,000 last year. The firm is expected to grow at a 4% rate indefinitely is in the 20% tax bracket and investors have a 9% required rate of return. What is the value of the firm's operations?

Records management Importance

Discuss the importance of records management in maintaining a successful and functional office in a business environment. Subtopic 4: Discuss how coding affects storage, and retrieval. Subtopic 5: Describe how technology has impacted the process of records management.

Research testing, reliability and validity

1.Should an organization create research testing for all problems confronting the business? Why or why not? When is it appropriate to use exploratory research? Can decision-making be accomplished by using only descriptive research? Why or why not? 2.What is the reliability of a measurement? What is the validity of a measureme

Survey: Asking questions in a survey

I have to choose a topic that interests me. Formulate one or two questions I would like to ask in a survey. I have to design three scales based on these questions. I have to choose three of the five scales from below: 1) Graphic rating scale 2) Itemized rating scale 3) Comparative rating scale 4) Likert scale 5) Seman

Environmental Factor Table

I need assistance with writing an effective introduction for a paper (Coca Cola) that will consist of the information below. Introduction to the paper is the only thing that is needed. After looking briefly at Coca Cola's website on sustainability I have identified several areas: Refrigeration Emissions Packaging Energy

Development of Federalism in the USA

Expalin each question with an answer (in any format, but include citations when needed) with between 125 and 250 words. 1. Describe the development of federalism and the relationships among the various levels of government in the United States. 2. Compare and contrast the roles of administrators in the public a

Team Creation: team development techniques

"Some organizations have working groups that call themselves teams, but their work is produced by a combination of individual contributions. Teams produce work that is based on collaboration and collective effort" (Clark, 2010). Prior to selecting team members, a team leader should make a list of the type of team members they ar

Pay survey data collection techniques

Compare and contrast the different methods available for collecting survey data and include examples that are different from what is used in the textbook. Describe the advantages and disadvantages of each methods. Identify which method you believe to be the most effective and why. Identify which method you believe to be the m

Budgeting and Forecasting

Help answer the following budgeting and forecasting problems in at least 300 words. What are profitability ratios? Who uses them and why? What do Dell and HP's profitability ratios suggest?

Widge Corp

You're in a brainstorming session at WidgeCorp, where no idea is too outrageous. You're discussing penetration in the school lunch market. Ideas around school lunch subsidies, Internet subsidies, and Internet target marketing are being discussed. As the end of the meeting, the group asks you to prove or disprove some assumptions