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Archive for the ‘Management’ Category

MGT 230 Final Exam Answer

MGT 230 Final Exam complete set 1 and set 2 A+ Answer

MGT 230 Final Exam complete set 1 and set 2 A+ Answer

Set 1

1) Planning involves which of the following?
A. Analyzing current situations
B. Determining rewards for goals achievement
C. Motivating employees
D. Implementing necessary changes
2) _______ is specifying the goals to be achieved and deciding in advance the appropriate actions needed to achieve those goals.
A. Staffing
B. Leading
C. Organizing
D. Planning
3) Advances in genetic engineering and biotechnology are expected to produce some food products that will become available year-round even in northern climates. These changes will provide grocers with an opportunity to reduce their shipping costs while at the same time, offering fresher produce to their customers. These advances are an example of changes in the
A. technological environment
B. economic environment
C. political environment
D. ecological environment

4) _________ trends regarding how people think and behave have major implications for management of the labor force, corporate social actions, and strategic decisions about products and markets.
A. Psychological
B. Economic
C. Technological
D. Societal
5) Which of the following is a step in the decision-making process?
A. Generating an idea

B. Good business planning
C. Evaluating the decision
D. Delegating a task
6) Which is a step in the decision-making process?
A. Resolving and reducing conflict
B. Making the choice
C. Using the lack of structure
D. Delegating a task

7) The targets or ends the manager wants to reach are called
A. goals
B. missions
C. visions
D. strategies

8 In the _______________ stage of the planning process, managers should weigh the advantages, disadvantages, and potential effects of each alternative goal and plan
A. goal and evaluation
B. goal and plan selection
C. implementation
D. alternate goals and plans
9) Tactical planning would include which of the following?
A. Profit goals
B. Design, test, and install the equipment needed to produce a new product line
C. Human resources requirements
D. Return on investment

10) The internal analysis component of the strategic management process assesses the organization’s

A. performance levels
B. competitors
C. industry growth rate
D. product substitutions in the market

11) Suppose you face a question regarding how to handle a defective piece of equipment that your company sold. To tell the customer would cost you a substantial amount of money, but if the equipment fails, it could lead to serious injury of the customer. You decide to disclose the defect and suggest alternatives to eliminate the risk of injury. This decision employs which ethical approach?

A. Universalism
B. Egoism
C. Relativism
D. Virtue ethics

12) Your organization faces an ethical question. There has been a problem with your accounting process that has resulted in lower profits being reported than were actually earned. You are attending a meeting where senior management is deciding how to handle the situation. The people at the table have varying views of what action to take and why. John wants to report the error immediately because he believes that it is the right thing to do and that will keep them all out of jail. mgt 230 final exam Bruce wants to report the error because it is the honest thing to do. After hearing his colleagues’ opinions, Carlos says he wants to report the error as well because he believes the group is right. Carlos is using which ethical system for his decision making?

A. Universalism
B. Relativism
C. Utilitarianism

D. Virtue ethics

13) In the study by Lawrence and Lorsch, companies in complex, dynamic environments developed _____ levels of differentiation; and _____ levels of integration
A. low; low
B. high; high
C. low; high
D. high; low

14) An aspect of the organization’s internal environment created by job specialization and the division of labor is called
A. differentiation
B. integration
C. division of labor
D. specialization
15) An organization with departmentalization that groups units around products, customers, or geographic regions is called a
A. divisional organization
B. centralized organization
C. matrix organization
D. functional organization

16) Which of the following statements about matrix organizations is true?
A. A matrix organization is the same as a functional organization
B. A matrix organization is the same as a product organization
C. A matrix organization is a hybrid of the functional and divisional organizational forms
D. A matrix organization is considered out-of-date compared to the organic organization

17) An organization with departmentalization that groups units around products, customers, or geographic regions is called a
A. centralized organization
B. matrix organization
C. virtual organization
D. divisional organization

18) Sports International (SI) began business by making shoes for athletes. They soon expanded into making shoes for non-athletic purposes. They now manufacture and distribute clothing, sporting equipment, and protective sports gear worldwide. They are departmentalized by products sold to serious athletes, products sold to “weekend” athletes and products sold to sports teams. SI has utilized which form of departmentalization?
A. Geographic
B. Customer
C. Functional
D. Matrix

19) The trait known as leadership motivation suggests that great leaders
A. can motivate others to work hard
B. can motivate others to become leaders
C. can motivate others to join
D. want to lead
20) A leadership perspective that attempts to identify what effective leaders do and the behaviors they exhibit is referred to as the
A. behavioral approach
B. trait approach
C. transformational leadership
D. strategic approach
21) __________ leadership invites colleagues at the same level to solve problems together

A. Horizontal
B. Collegial
C. Lateral
D. Linear

22) Leaders who relate to others to serve their needs and enhance their personal growth while strengthening the organization are known as
A. lateral leaders
B. shared leaders
C. bridge leaders
D. servant-leaders

23) The basic goal of managing diversity is to:
A. treat all people the same
B. increase the numbers of minorities in business
C. enhance organizational cohesiveness
D. understand and value employee differences
24) Future trends in the labor force include a
A. smaller labor force
B. more experienced labor force
C. more homogenous labor force
D. younger labor force
25) Behavior that gives purpose and meaning to organizations, while envisioning and creating a positive future, is known as
A. strategic leadership
B. supervisory leadership
C. organizational leadership

D. task leadership
26) The correspondence between actions and words that include characteristics such as honesty and credibility is known as
A. drive
B. self-confidence
C. knowledge of the business
D. integrity
27) Owners from two businesses have asked you which type of control system they should utilize. To help you make your decision, they have each provided a brief description of their organization. Alpha Omega, Inc., is a large corporation built in the 1950s. They produce chemical concentrates for industrial cleaning. Their organization uses a strict set of rules and regulations with their workforce. They have the ability to track a large amount of data using statistical techniques. Mid-Atlantic Health is a regional medical center. They want to use a control system that will allow them to tie pricing of services and profits to specific services in the medical center. The control systems that should be used in the scenarios above were developed by
A. William Ouchi
B. Xerox
C. Frederick Taylor
D. Motorola

28) Your manager is speaking to a group of employees about a problem in your department. Employees are not complying with the rules regarding clocking in and clocking out each day. The rules in this situation are very important as employees will not receive their correct pay if the clocking procedures are not followed. There are three suggestions being considered to address this problem. Employees will be monitored at the entrance during shift changes to make sure that each complies with the procedure. Reports will be reviewed at the end of each pay period. The reports will contain data tracking the number of employees not complying with the procedures each shift. Employees violating the procedure will be counseled to correct the problem. A new procedure will be developed describing an easier procedure for employees to follow. Training will be conducted so that each employee knows the policy and the procedure before it is enacted.
Option 1 describes which approach to bureaucratic control?

A. Feedback
B. Concurrent
C. Feedforward
D. Market

29) Suppose you are interviewing the CEO of a large company. The CEO is telling you about his or her job as a manager and how he or she spends time. Using the description below, which function of management is the CEO most likely describing in this example?
“My job, for some part of each day, is to empower our employees to think of things in new and different ways, not just to come to work and complete the tasks on a list.”
A. Organizing
B. Leading
C. Controlling
D. Decision making
30) Suppose you are interviewing the CEO of a large company. The CEO is telling you about his or her job as a manager and how he or she spends time. Using the description below, which function of management is the CEO most likely describing in this example?
“Every six months or so, my senior management team and I meet to discuss the goals that will be achieved over the next year, three years, and beyond. We then make sure we are clear on who will take responsibility to see that the appropriate actions are undertaken to achieve our goals within the time frame we set.”
A. Planning
B. Organizing
C. Leading
D. Decision making

Set 2

Planning involves all of the following EXCEPT: (Points: 3)
Analyzing current situations
Determining objectives
Determining rewards for goal achievement
Deciding actions to be taken

2. Which type of power is dominant when a leader is respected for his knowledge? (Points: 3)
Expert Power
Reward power
Coercive power
Legitimate power

3. Organizing includes all of the following activities EXCEPT: (Points: 3)
Attracting people to the organization
Specifying job responsibilities
Marshaling and allocating resources
Motivating employees to achieve their job’s goals

4. Which step in the formal planning process is sometimes ignored? (Points: 3)

Goal and plan evaluation
Situational analysis
Monitor and control Implementation

5. As one of the key management functions, leading focuses on a manager’s efforts to: (Points: 3)

Communicate with employees
Motivate the workforce
Stimulate high performance
All of the above

6. _______________ involves analyzing a situation, determining goals to be pursued and deciding upon the actions that will be taken to achieve these goals. (Points: 3)
Staffing
Planning
Organizing
Leading

7. The authority vested in the board of directors is assigned to ________. (Points: 3)
COO
CEO
Senior Vice President for legal compliance
All of the Vice Presidents

8. Advances in information technology have created powerful: (Points: 3)
Feedback controls
Auditing capabilities
Market controls
Concurrent controls

9. Narrow spans of control build ____________ organizations. (Points: 3)
Flat
Tall
Wide
Decentralized

10. Ideally, decision making should be done by: (Points: 3)
Those people most familiar with the issue to be decided
The top management of the organization
The customers of the organization
The board of directors

11. Strategic goals evolve from an organization’s: (Points: 3)
Mission and Vision
Customers
Tactical plans
None of the Above

12. Which type of power is dominant when a leader utilizes her ability to control punishments? (Points: 3)
Legitimate power
Reward power
Coercive power
Referent power
Expert power
13. The level of planning that focuses on routine tasks and a relatively limited time frame is: (Points: 3)
Missionary planning
Operational planning
Tactical planning
Departmental planning

14. _______ power is dominant when a leader is followed due to his/her charisma. (Points: 3)
Legitimate
Reward
Referent
Coercive
All of the above

15. Which of the following is(are) a question or questions asked when assessing task performance and group maintenance leadership? (Points: 3)
Is your superior strict about observing regulations?
Is you superior strict about the amount of work you do?
Does you superior ask you for reports about the progress of your work?
All of the above

16. Performance standards can be set with respect to any of the following EXCEPT: (Points: 3)
Personality
Quality
Quantity
Cost 17. Which type of control takes place while plans are being carried out? (Points: 3)
Feedback control
Specialist control
Preliminary control
Concurrent control

18. Departments that are titled marketing, finance, operations, accounting and finance are departmentalized by: (Points: 3)
Product
Geography
Function
Matrix
All of the above

19. Managers conduct _____ audits of other companies and ____ audits of their own company (Points: 3)
Competition, supplier
External, internal
Illegal, legal
Internal, external

20. Assessing your own company’s planning, organizing, leading and controlling efforts is the essential function of: (Points: 3)
Internal audits
Strategic managers
Feed forward control
Feedback control

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ECO 204 Quiz In the short run, if a firm has zero output Answer

ECO 204 Quiz In the short run, if a firm has zero output Answer

ECO 204 Quiz In the short run, if a firm has zero output Answer

 Quiz ECO 204
1. In the short run, if a firm has zero output, its total cost is (Points : 1)            
equal to zero.     

the same as its average variable cost.

      the same as its total variable cost.

      the same as its total fixed cost.

      the same as its average fixed cost.
Question 2. 2. Nonprofit firms, both private and governmental, may differ in behavior from profit-seeking private firms because (Points : 1)
      there is no residual claimant.

      the demand for the products is inherently different.

      government managers seek more capital-intensive means of production.

      government firms are more difficult to manage.

      private firms do not compete with government firms.
Question 3. 3. Ralph’s Travel Agency had accounting profits of $50,000 and implicit costs of $30,000. What were economic profits? (Points : 1)
      $50,000

      $30,000

      $20,000

      The amount cannot be determined from the information given.
Question 4. 4. Which of the following always decreases as output increases? (Points : 1)
      Fixed cost

      Average cost

      Average fixed cost

      Marginal cost

      Total cost
Question 5. 5. A vertically integrated firm might own (Points : 1)
      a ski factory, an Alpine resort hotel, and an emergency medical center.

      several plants that manufacture different qualities of skis.

      a ski factory, a cigar manufacturer, and a carpet factory.

      several plants in different countries that manufacture skis.
Question 6. 6. A firm that owns a car rental agency, a modeling agency, a French bakery, and a pet store is (Points : 1)
      horizontally integrated.

      vertically integrated.

      inefficient.

      a perfect competitor.

      a conglomerate.
Question 7. 7. A firm exists to (Points : 1)
      make money.

      organize information.

      make resources.

      transform inputs into marketable outputs.

      transform products into commodities.
Question 8. 8. Because of diminishing marginal product in the short run, a tripling of the total product (assuming input prices are constant) requires (Points : 1)
      a tripling of marginal cost.

      a tripling of total cost.

      less than a tripling of total variable cost.

      increased average fixed cost.

      more than a tripling of total variable cost.
Question 9. 9. The long-run decision is to select (Points : 1)
      the desired long-run AC curve.

      the desired short-run AC curve.

      the desired long-run MC curve.

      the desired quantity of labor to go with fixed capital.

      the plant size to go with the fixed quantity of labor.
Question 10. 10. The short-run marginal cost curve falls and then rises because of (Points : 1)
      fixed costs.

      diseconomies of scale.

      diseconomies and economies of scale.

      the principle of diminishing returns.

 

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ACCT 346 Week 6 Quiz Complete A+ Answer

ACCT 346 Week 6 Quiz Complete A+ Answer

ACCT 346 Week 6 Quiz Complete A+ Answer

 

  1. 1. (TCO 7) Elliot’s Escargots sells commercial and home snail extraction tools and serving pieces. Currently, the snail extraction line of products takes up approximately 50 percent of the company’s retail floor space. The CEO of Elliot’s wants to decide if the company should continue offering snail extraction tools or focus only on serving pieces. If the snail extraction tools are dropped, salaries and other direct fixed costs can be avoided and serving piece sales would increase by 13 percent. Allocated fixed costs are assigned based on relative sales.
    Snail Extraction       Serving
    Tools                 Pieces                Total
    Sales                                        $1,200,000            $800,000         $2,000,000
    Less cost of goods sold               700,000              500,000           1,200,000
    Contribution margin                     500,000              300,000              800,000
    Less direct fixed costs:
    Salaries                                   175,000              175,000              350,000
    Other                                        60,000                60,000              120,000
    Less allocated fixed costs:
    Rent                                         14,118                  9,882                24,000
    Insurance                                    3,529                  2,471                  6,000
    Cleaning                                     4,117                  2,883                  7,000
    Executive salary                       76,470                53,530              130,000
    Other                                          7,058                  4,942                12,000
    Total costs                                    340,292              308,708              649,000
    Net income                                 $159,708              ($ 8,708)          $151,0002. (TCO 4) Paschal’s Parasailing Enterprises has estimated that fixed costs per month are $115,600 and variable cost per dollar of sales is $0.38.
    (a) What is the break-even point per month in sales?
    (b) What level of sales is needed for a monthly profit of $67,000?
    (c) For the month of August, Paschal’s anticipates sales of $585,000. What is the expected level of profit?

    3. (TCO 6) Princess Cruise Lines has the following service departments; concierge, valet, and maintenance.  Expense for these departments are allocated toMediterraneanand Trans-Atlantic cruises.  Expenses for the departments are totaled (both variable and fixed components are combined) and as follows:
    Concierge         $2,500,000
    Valet                 $1,750,000
    Maintenance      $4,250,000
    The sea miles logged are 6,000,000 for theMediterraneanand 18,000,000 for the Trans-
    Atlanticvoyages.
    Based upon the sea miles logged, allocate the service department costs.

    4. (TCO 9) Thurman Munster, the owner of Adams Family RVs, is considering the addition of a service center his lot.  The building and equipment are estimated to cost $1,100,000 and both the building and equipment will be depreciated over 10 years using the straight-line method. The building and equipment have zero estimated residual value at the end of 10 years.Munster’s required rate of return for this project is 12 percent. Net income related to each year of the investment is as follows:
    Revenue                                              $450,000
    Less:
    Material cost         $  60,000
    Labor                      100,000
    Depreciation            110,000
    Other                       10,000             280,000
    Income before taxes                                                      170,000
    Taxes at 40%                                        68,000
    Net income                                        $102,000
    (a) Determine the net present value of the investment in the service center. ShouldMunsterinvest in the service center?
    (b) Calculate the internal rate of return of the investment to the nearest ½ percent.
    (c) Calculate the payback period of the investment.
    (d) Calculate the accounting rate of return.

    5. (TCO 5) The following information relates to Vice Versa Ventures for calendar year 20XX, the company’s first year of operations:
    Units produced                                                                        20,000
    Units sold                                                                               17,000
    Selling price per unit                                                                    $35
    Direct material per unit                                                                  $5
    Direct labor per unit                                                                      $5
    Variable manufacturing overhead per unit                                        $2
    Variable selling cost per unit                                                         $3
    Annual fixed manufacturing overhead                                    $160,000
    Annual fixed selling and administrative expense                      $80,000
    (a) Prepare an income statement using full costing.
    (b) Prepare an income statement using variable costing.

    6. (TCO 8)  Leekee Shipyards has a new barnacle removing product for ocean going vessels. The company invests $1,200,000 in operating assets and plans to produce and sell 400,000 units per year.  Leekee wants to make a return on investment of 20% each year.  Leekee needs to  know what price to charge for this product.

    Use the absorption costing approach to determine the markup necessary to make the desired return on investment based on the following information:
    Per Unit                   Total
    Direct Materials                                               $ 2.00
    Direct Labor                                                     $ 1.50
    Variable Manufacturing Overhead                   $ 1.00
    Fixed Manufacturing Overhead                                                   $ 100,000
    Variable Selling and Administrative Expense $ 0.10
    Fixed Selling and Administrative Expense                                  $ 100,000

                         

 

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P 10-4 Bill Williams has the opportunity to invest in project A that costs $9,000 today Answer

P 10-4 Bill Williams has the opportunity to invest in project A that costs $9,000 today Answer

P 10-4 Bill Williams has the opportunity to invest in project A that costs $9,000 today Answer

 

P10–4 Long-term investment decision, payback method Bill Williams has the opportunity to invest in project A that costs $9,000 today and promises to pay annual end-ofyear
payments of $2,200, $2,500, $2,500, $2,000, and $1,800 over the next 5 years. Or, Bill can invest $9,000 in project B that promises to pay annual end-of-year payments
of $1,500, $1,500, $1,500, $3,500, and $4,000 over the next 5 years.
a. How long will it take for Bill to recoup his initial investment in project A?
b. How long will it take for Bill to recoup his initial investment in project B?
c. Using the payback period, which project should Bill choose?
d. Do you see any problems with his choice?
P10–10 Hook Industries is considering the replacement of one of its old drill presses. Three alternative replacement presses are under consideration.
The relevant cash flows associated with each are shown in the following table. The firm’s cost of capital is 15%.

P10–11 Long-term investment decision, NPV method Jenny Jenks has researched the financial pros and cons of entering into an elite MBA program at her state university.
The tuition and needed books for a master’s program will have an upfront cost of $100,000. On average, a person with an MBA degree earns an extra $20,000 per
year over a business career of 40 years. Jenny feels that her opportunity cost of capital is 6%. Given her estimates, find the net present value (NPV) of entering this
MBA program. Are the benefits of further education worth the associated costs?

P10–15 Internal rate of return. Peace of Mind, Inc. (PMI), sells extended warranties for durable consumer goods such as washing machines and refrigerators. When PMI sells an extended warranty, it receives cash up front from the customer, but later PMI must cover any repair costs that arise. An analyst working for PMI is considering a warranty for a new line of big-screen TVs. A consumer who purchases the 2-year warranty will pay PMI $200. On average, the repair costs that PMI must cover will average $106 for each of the warranty’s 2 years. If PMI has a cost of capital of 7%, should it offer this warranty for sale?
P10–21 All techniques, conflicting rankings Nicholson Roofing Materials, Inc., is considering two mutually exclusive projects, each with an initial investment of $150,000.
The company’s board of directors has set a maximum 4-year payback requirement and has set its cost of capital at 9%. The cash inflows associated with the two
projects are shown in the following table.

P 10-24 All techniques—Decision among mutually exclusive investments Pound Industries is attempting to select the best of three mutually exclusive projects. The initial
investment and after-tax cash inflows associated with these projects are shown in the following table.

 

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MGMT 530 Managerial Decision Making Week 6 and 7 Course Project

MGMT 530 Managerial Decision-Making_Week 6 and Week 7_Course Project_Answer

MGMT 530 Managerial Decision-Making_Week 6 and Week 7_Course Project_Answer

 

Course Project: Managerial Decision Making (MGMT530)

Objectives
The objective of the Course Project is to provide you with practice in creating, justifying, and explaining a decision-making proposal. All elements involved in the creation of this proposal, from problem definition through action plan, must be covered. Further, the proposal, as constructed, must meet the tests of any sound business plan, namely that it has specific and measurable goals and objectives, clearly defined activities, stipulated time frames during which those activities will take place, and clearly defined measurable outcomes.
The subject matter of your paper should be business-oriented in nature and should avoid decisions that depend largely on intuition to solve.
Guidelines
Although the length of the paper is not predetermined, a 10–15 page analysis, including data and appendices, is probably correct. You will also share a summary PowerPoint presentation with fellow students during the Week 6 Discussion.
The Final Course Project Proposal with the PowerPoint presentation is due by the end of Week 7 (graded).
Required Outline
The following outline is required for your Course Project.
• Executive Summary (less than one page)
This summary is a short, carefully worded description of the problem situation that identifies the recommended solution. A brief justification and explanation of the selection method is to be included, highlighting factors that contributed to selecting the recommended alternative.
• Decision Problem Overview
Describe the nature and scope of the decision problem selected, its history together with causes, and the outcomes of any previous attempts to deal with it.
In order to define the problem correctly, the following questions should be addressed.
• What is the general nature of the problem?
• What event triggered the situation?
• Are we imposing any constraints on the situation?
• What are the underlying elements of the problem?
• Are there dependencies on other decisions?
Briefly introduce the key decision elements—objectives, alternatives, consequences, and uncertainties; details are to be discussed in the following sections.
• Objectives Statement
Explain each objective in detail. Separate objectives into fundamental and means objectives. A minimum of three objectives is required.

• Alternatives
Describe each alternative, and explain how the alternatives differ from one another. A minimum of three alternatives is required.

• Selection
Describe the alternative recommended and why. Explain the tradeoffs you utilized or present a weighted scoring model. Explain why you feel that this report contains sufficient information to make a decision on the problem. Describe any additional information that would be useful to have.

• Consequences
Explain how you determined the values for each alternative and their corresponding objectives. Show your consequence table, either in this section or as an appendix. Include the bases for forecasts and any techniques or tools used to estimate consequences. Discuss the reliability of your predictions. Indicate what events were considered to be uncertain, explain the probabilities of their occurrence, and what information you used to establish your confidence level in these probabilities. A minimum of two uncertainties is required for the paper.

• Implementation, Monitoring, and Control
This section contains a detailed implementation plan. There will be an explanation of how the recommended alternative will be implemented, resources dedicated to accomplishing it, and key individuals who will be responsible for the plan’s success. Details should be included on how the plan will be monitored, subsequent evaluation criteria, and how the plan can be amended.

• Works Cited (at least two external sources should be used)

Presentation
Once you have outlined your paper, you should be ready to begin a PowerPoint presentation. As you develop the contents of the sections in your paper, you should extract bullet-point ideas that best express your intended message. If you prefer, use the slides to brainstorm and organize your thoughts before writing the paper. Then refer to your presentation to guide and remind you of the flow of your storyline.
The presentation will be used to showcase your decision problem in one of the Week 6 Discussion topics, where you will receive feedback from your fellow students. This exercise will assist you in finalizing your Course Project prior to submission at the end of Week 7.
A recommended Course Project template can be found here . This document is also posted in the Doc Sharing tab.
Grading Rubrics
Back to Top
Category Points % Description
Documentation and Formatting 60 25 A quality paper will include an executive summary, decision problem statement, objectives statement, alternatives, selection of alternatives, consequences, implementation, monitoring, control, and references.
Organization and Cohesiveness 60 25 A quality paper will include an introduction based upon a well-formed thesis statement. The logical order of the content will be derived from the thesis statement. The content will be properly subdivided into sections derived from the outline. In a quality paper, the conclusion will summarize the previously presented content, and will complement the thesis statement from the introduction.
Editing 24 10 A quality paper will be free of any spelling, punctuation, or grammatical errors. Sentences and paragraphs will be clear, concise, and factually correct.
Content 96 40 A quality paper will have significant scope and depth of research to support any statements. Relevant illustration or examples are encouraged. A quality paper will employ sound use of reasoning and logic to reinforce conclusions.
Total 240 100 A quality paper will meet or exceed all of the above requirements.
Week 1: Determine your Course Project decision problem you want to research.
Week 2: Identify and share the decision problem for your project in the third Week 2 Discussion topic (ungraded).
Week 3: Identify objectives and alternatives for your project.
Week 4: Identify the consequences and tradeoffs for your project.
Week 5: Identify and analyze your uncertainties for your project. Also, make your decision and prepare your initial PowerPoint presentation.
Required:
Week 6: Submit a draft of your PowerPoint presentation to this week’s second Discussion topic, and offer feedback to at least two other students’ presentations.
Week 7: Submit your completed Course Project and finalized PowerPoint presentation to the Dropbox.
The following are the best practices in preparing this paper.
• Cover Page— Include who you prepared the paper for, who prepared it, and the date.
• Table of Contents— List the main ideas and section of your paper and the pages in which they are located. The illustrations should be included separately.
• Introduction— Use a header on your paper. This will indicate you are introducing your paper.
The purpose of an introduction or opening is to
1. introduce the subject and why the subject is important;
2. preview the main ideas and the order in which they will be covered; and
3. establish a tone of the document.
Include in the introduction a reason for the audience to read the paper. Also, include an overview of what you are going to cover in your paper and the importance of the material. (This should include or introduce the questions you are asked to answer on each assignment.)
• Body of Your Report— Use a header titled with the name of your project. Then proceed to break out the main ideas. State the main ideas, state major points in each idea, and provide evidence. Break out each main idea you will use in the body of your paper. Show some type of division, like separate sections that are labeled; separate group of paragraphs; or headers. You would include the information you found during your research and investigation.
• Summary and Conclusion— Summarizing is similar to paraphrasing but presents the gist of the material in fewer words than the original. An effective summary identifies the main ideas and major support points from the body of your report. Minor details are left out. Summarize the benefits of the ideas and how they affect the tourism industry.
• Work Cited— Use the citation format as specified in the Syllabus.

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BUS 698 Week 2 Assignment Global Strategy Complete Answer

BUS 698 Week 2 Assignment Global Strategy Complete Answer

BUS 698 Week 2 Assignment Global Strategy Complete Answer


Week 2 Assignment

Global Strategy. There are a number of companies utilizing a global business strategy. Identify and research a company with a successful global business strategy and provide basic background information. Discuss the strategies this company utilizes to get their product(s) distributed internationally and how they address risks and meet business demands. Document your sources. Write your findings as a three to four page paper (not including title and reference pages) formatted according to APA style as shown in the approved style guide.

Your paper must include a minimum of one to two sources, including the textbook

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BUS 698 Week 1 Assignment Case Analysis Batman Answer

BUS 698 Week 1 Assignment Case Analysis Batman Answer

BUS 698 Week 1 Assignment Case Analysis Batman Answer

Week 1 Assignment
Case Analysis. Read Case Study 2.5: “Batman – adding value through quality of service” in Chapter 2 of your text. Write a two to three page paper (not including the title and reference pages) answering the following questions formatted according to APA style as shown in the approved style guide.
Has Everglo reached the end of the line in terms of its quality of service strategy?
As a competitor to Everglo, what would be your options in response to Everglo’s latest moves?
Your paper must include a minimum of one to two sources, including the textbook

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MGMT 530 Course Week 6 and Week 7 Answer

MGMT 530 Course Week 6 and Week 7 Answer

MGMT 530 Course Week 6 and Week 7 Answer

Course Project:

Managerial Decision Making (MGMT530)

Required Outline
The following outline is required for your Course Project.
• Executive Summary (less than one page)
This summary is a short, carefully worded description of the problem situation that identifies the recommended solution. A brief justification and explanation of the selection method is to be included, highlighting factors that contributed to selecting the recommended alternative.
• Decision Problem Overview
Describe the nature and scope of the decision problem selected, its history together with causes, and the outcomes of any previous attempts to deal with it.
In order to define the problem correctly, the following questions should be addressed.
• What is the general nature of the problem?
• What event triggered the situation?
• Are we imposing any constraints on the situation?
• What are the underlying elements of the problem?
• Are there dependencies on other decisions?
Briefly introduce the key decision elements—objectives, alternatives, consequences, and uncertainties; details are to be discussed in the following sections.
• Objectives Statement
Explain each objective in detail. Separate objectives into fundamental and means objectives. A minimum of three objectives is required.

• Alternatives
Describe each alternative, and explain how the alternatives differ from one another. A minimum of three alternatives is required.

• Selection
Describe the alternative recommended and why. Explain the tradeoffs you utilized or present a weighted scoring model. Explain why you feel that this report contains sufficient information to make a decision on the problem. Describe any additional information that would be useful to have.

• Consequences
Explain how you determined the values for each alternative and their corresponding objectives. Show your consequence table, either in this section or as an appendix. Include the bases for forecasts and any techniques or tools used to estimate consequences. Discuss the reliability of your predictions. Indicate what events were considered to be uncertain, explain the probabilities of their occurrence, and what information you used to establish your confidence level in these probabilities. A minimum of two uncertainties is required for the paper.

• Implementation, Monitoring, and Control
This section contains a detailed implementation plan. There will be an explanation of how the recommended alternative will be implemented, resources dedicated to accomplishing it, and key individuals who will be responsible for the plan’s success. Details should be included on how the plan will be monitored, subsequent evaluation criteria, and how the plan can be amended.

• Works Cited (at least two external sources should be used)

Presentation
Once you have outlined your paper, you should be ready to begin a PowerPoint presentation. As you develop the contents of the sections in your paper, you should extract bullet-point ideas that best express your intended message. If you prefer, use the slides to brainstorm and organize your thoughts before writing the paper. Then refer to your presentation to guide and remind you of the flow of your storyline.
The presentation will be used to showcase your decision problem in one of the Week 6 Discussion topics, where you will receive feedback from your fellow students. This exercise will assist you in finalizing your Course Project prior to submission at the end of Week 7.

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MBAA 523 Problem Set 3 If the price for some good increases by 10% Answer

MBAA 523 Problem Set 3 If the price for some good increases by 10% Answer

MBAA 523 Problem Set 3
1. If the price for some good increases by 10% and the quantity demanded falls by 5%
(a) what is the price elasticity of demand,

(b) is this elastic or inelastic?

2. Last year the US low-cost-carrier Spirit Airlines entered the Dallas-Chicago market. The average ticket price for all airlines servicing the route fell from $200 to $180. After Spirit’s entry, the number of passengers increased from 700 to 800 per day (these number are hypothetical, but reasonable). Calculate the price elasticity of demand between these two points. Show the computation.

3. An airline consulting firm as determined that the income elasticity for leisure air travel in China is 1.5. If incomes increase by 5% next year, what is the percentage change in leisure passengers expected next year? Show the computation.

4. The state operates a toll road which currently charges $1.00 per car with 100,000 cars using the road daily. The state wishes to raise an additional $10,000 per day for road maintenance. A newly hired financial analyst proposes raising the toll to $1.10 per car. The analyst reports to you. Will you accept and forward her recommendation to your boss?

5. The demand curve for a product is given by Qdx = 1,000 – 2Px +.02Pz where Pz = $400. (Hint: If you’re not comfortable with the calculus alternatives, compute Q at the given prices, then again with a 1% increase in price. Then figure percentage change in Q over the percentage change in P, %∆Q/%∆P).
a. What is the own price elasticity of demand when Px = $154? Is the demand elastic or inelastic? What would happen to the firm’s revenue if it decided to charge a price below $154?
b. What is the own price elasticity of demand when Px = $354? Is the demand elastic or inelastic? What would happen to the firm’s revenue if it decided to charge a price below $354?
c. What is the cross-price elasticity of demand between good X and good Z when Px = $154? Are good X and good Z substitutes are complements?

6. The data are real US Gross Domestic Product (in billions of dollars) and Domestic Revenue Passenger Miles (in millions) for the years 1996 through 2012. Below this table is the MS Excel Summary Output regressing RPMs against GDP. Using MS Excel or another similar application, build a scatter plot and insert the regression line and equation. Next, interpret the regression output and explain the regression statistics. Be certain that the regression coefficients match those in the scatter plot equation. Finally, use the regression equation to predict RPMs for 2013 and 2014 assuming GDP grows by 3% each year from 2012. You may wish to check the actual RPMs to see how closely your estimate matched. Note: To build a scatter plot in Excel, select and copy the GDP and RPM data into Excel; select the data in Excel, then use Insert/Scatter to create a scatter plot. Finally, scroll down Chart Layout to select the format that creates a regression line and formula. Use the Excel Help function as needed.

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BUS 475 Week 5 Individual Assignment Capstone Part 2 Answer

BUS 475 Week 5 Individual Assignment Capstone Part 2 Answer

To decrease the nation’s money supply, the Fed can

increase reserve requirement.

decrease reserve requirements.

decrease the discount rate.

buy government securities in the open market.

In the long-run framework, budget surpluses

should be run whenever output dips below potential output.

should never be run since they crowd out investment in the short run.

are better than budget deficits over the long run because unlike budget deficits, they increase saving and investment.

should be run on a permanent basis since they boost saving and investment and stimulate economic growth.

Which of the following will decrease the nominal deficit?

An increase in taxes

An increase in government expenditures

An increase in interest rates

An increase in the debt

If a country’s trade deficit increases, then

its consumption must be falling relative to its production.

its consumption must be rising relative to its production.

it must be buying more assets from foreigners.

it must be selling fewer assets to foreigners.

Which of the following statements best describes the modern view of marketing?

Marketing is only necessary for profit-oriented firms.

Marketing consists mainly of advertising and personal selling.

Marketing anticipates customer needs.

Marketing begins as soon as products are produced.

Ethnic markets are becoming more important to marketers because

the buying power of ethnic submarkets is decreasing.

the median age of Asian, African, and Hispanic Americans is much higher than that of White Americans.

the number of ethnic consumers is growing at a much faster rate than the overall society

they make a clear segment with similar backgrounds and common language, religion, and culture.
7
Segmenting, in contrast to combining,

tends to focus more on customer similarities than on differences.

tries to identify homogeneous submarkets and develop different marketing mixes for each submarket.

usually means settling for a smaller sales potential.

relies more on promotion appeals and minor product differences to create general customer appeal among several submarkets.

8
Cargill, Inc. is finally earning a profit on the unique product it introduced 6 months ago. Cargill’s advertising is both informative and persuasive. Much money is being spent on place development. There is little price competition, although several competitors have come out with reasonable imitations. Total industry sales and profits are both rising. In which stage of the product life cycle is Cargill operating?

Market growth

Market introduction

Sales decline

Market maturity

al Printing Equipment (NPE) produces equipment that helps to print newspapers and magazines. The company sells directly to printers and through wholesalers. Its salespeople negotiate prices with individual customers and often have to match competitors’ prices. NPE has a new product, the Gutenberg NP201, with some competitive advantages now, but competitors are expected to follow quickly with similar products. The new product is being introduced into a market with elastic demand. In regard to freight charges for its equipment, NPE’s invoice reads, “Seller pays the cost of loading equipment onto a common carrier. At the point of loading, title to such products passes to the buyer, who assumes responsibility for damage in transit, except as covered by the transportation agency.”

National Printing Equipment’s new Gutenberg NP201 should probably use ________________.

price fixing

skimming pricing

introductory pricing

penetration pricing

The main reason that vertical marketing systems are becoming more common is that

firms realize that working independently has advantages for channel members.

firms increasingly understand that competition among channel members is profitable.

it is easy for multiple firms to coordinate a single marketing mix for a common target market.

firms recognize that coordination among channel members can increase sales for each channel member.

11
__________ is the intentional coordination of every communication from a firm to a target customer to convey a consistent and complete message.

Integrated marketing communications

Online marketing

Digital marketing

Product positioning

12
Which of the following statements about ethical behavior in business is true?

The legal environment sets the highest standards of ethical behavior.

The legal environment sets the maximum standards of ethical behavior.

The legal environment sets the minimum standards of ethical behavior.

The legal environment sets the normative standards of ethical behavior.

13
Which of the following financial instruments entails the most risk and potentially the highest returns for investors?

Debt with a maturity of less than 1 year

Bonds

Common stock

Preferred stock

The Oviedo Thespians are planning to present performances of their Florida Revue on two consecutive nights in January. It will cost them $5,000 per night for theater rental, event insurance, and professional musicians. The theater will also take 10% of gross ticket sales. How many tickets must they sell at $10.00 per ticket to break even?

1000 tickets

1,112 tickets

1,223 tickets

There is not enough information.

What is the present value of $12,500 to be received 10 years from today? Assume a discount rate of 8% compounded annually and round to the nearest $10.

$5,790

$11,574

$9,210

$17,010

P. Noel’s Inc.’s current ratio is 2. Current liabilities are $500,000. P. Noel’s current assets equal __________ and net working capital is __________.

$500,000 and $1,000,000

$500,000 and $250,000

$1,000,000 and $500,000

$500,000 and $500,000

17
Woodstock Inc. expects to own a building for 5 years, and then sell it for $1,500,000 net of taxes, sales commissions, and other selling costs. Woodstock’s cost of capital is 11%. How much will the sale of the building contribute to the NPV of the project?

$890,177

$1,351,351

$1,500,000

$2,527,587

18
Metals Corp. has $2,575,000 of debt, $550,000 of preferred stock, and $18,125,000 of common equity. Metals Corp.’s after-tax cost of debt is 5.25%, preferred stock has a cost of 6.35%, and newly issued common stock has a cost of 14.05%. What is Metals Corp.’s weighted average cost of capital?

12.78%

10.84%

8.32%

6.56%

19
Which of the following is the most important factor that affects a firm’s financing mix?

The amount of EPS

The amount of operating income

The number of shares that are outstanding

The predictability of cash flows

One reason for international investment is that

the economies of many countries are growing faster than that of the U.S.

price-earnings (P/E) ratios are higher in foreign countries

doing business in foreign countries is simpler than in the U.S.

raw materials are typically cheaper in other countries than in the U.S.

21
H&R Block wants to analyze its clients’ tax returns over the past 10 years for each of the client’s tax filings. The type of data generated will be ______________.

time series data

cross-sectional data

observation data

meta data

22
Suppose Stock A has had a mean price of $6.58 per share with a standard deviation of $1.88, while Stock B has had a mean price of $10.57 per share with a standard deviation of $3.02. Which stock shows a higher coefficient of variation or volatility?

Stock A

Stock B

Both stocks have the same coefficient of variation.

The coefficients are incomparable.

A random sample of 81 team leaders and supervisors from Fortune 500 companies revealed that on average a person spent 6.5 years on the job before being promoted. The standard deviation of the sample was 1.7 years. Assuming that the population standard deviation is unknown, the 99% confidence interval within which the population mean lies is approximately between ___________ and _________years.

6 and 7

5.5 and 6.5

5.5 and 7.5

5.5 and 6.5

24
The appropriate alternative hypothesis for a two-tail test to determine if mean body weight of all the men who have joined a health club is the same as 185 pounds would be

Ho: μ = 185 lbs.

Ho: μ > 185 lbs.

Ho: μ ≤ 185 lbs.

Ho: μ ≠ 185 lbs.

25
A survey of 134 cell phone users yielded the data found in the table below. The table compares gender and type of phone.

iPhone Non-iPhone Total
Male 57 23 80
Female 36 18 54
Total 93 41 134

If a customer is randomly selected based on this survey data, what is the probability that the customer is a female with an iPhone? (Round your answer to 3 decimal places).

0.481

0.333

0.387

0.269

26
A correlation value of r = 0.5 between the x-variable and y-variable means

there is no relationship between x and y.

there is a strong positive linear relationship between x and y.

there is a moderate positive linear relationship between x and y.

there is no linear relationship between x and y.

27
When predicting grade point average from the number of hours spent studying per week, the equation for the best fit line was found to be yˆ = 0.0855x + 0.944. What is the predicted grade point average of a student that studies 26 hours per week?

24.63

3.17

2.99

25

28
A distribution center for a chain of electronics supply stores fills and ships orders to retail outlets. A random sample of orders is selected as they are received and the dollar amount of the order (in thousands of dollars) is recorded, and then the time (in hours) required to fill the order and have it ready for shipping is determined. A scatterplot showing the times as the response variable and the dollar amounts (in thousands of dollars) as the predictor shows a linear trend. The least squares regression line is determined to be: yˆ= 0.76 +1.8x. A plot of the residuals versus the dollar amounts showed no pattern, and the following values were reported: Correlationr + 0.90; R 2 = 0.81; standard deviation of the residuals is 0.48. What percentage of the variation in the times required to prepare an order for shipping is accounted for by the fitted line?

76%

48%

81%

90%
29
Which of the four basic financial statements adds net income and subtracts dividends to arrive at its key data element at the end of each period?

Statement of Cash Flows

Balance Statement

Retained Earnings Statement

Income Statement

30
What principle dictates that efforts (expenses) be recorded with results (revenues)?

Expense recognition principle

Cost principle

Periodicity principle

Revenue recognition principle

31
When an accountant makes an adjusting entry for accrued expenses, which statement best reflects what the accounts look like before the adjustment?

Assets overstated; expenses understated

Liabilities overstated; revenues understated

Assets understated; revenues understated

Expenses understated; liabilities understated

32
Which account will have a zero balance after a company has journalized and posted closing entries?

Service Revenue

Supplies

Prepaid Insurance

Accumulated Depreciation

If XYZ Co. had 100 units of beginning inventory valued at $15 per unit in January, purchased an additional 100 units of inventory in February at $16 per unit, and additional 100 units of inventory in May at $19 per unit, what would the unit cost of ending inventory be under each of the three inventory methods (assuming that XYZ only sold 79 units during this time frame)?

$19 under FIFO, $15 under LIFO, $17 under average cost

$15 under FIFO, $19 under LIFO, $17 under average cost

$19 under FIFO, $15 under LIFO, $16.6 under average cost

$15 under FIFO, $19 under LIFO, $16.6 under average cost

34
Mitch Company’s ending inventory is understated by $4,000. The effects of this error on the current year’s cost of goods sold and net income, respectively, are

understated and overstated.

overstated and understated.

overstated and overstated.

understated and understated.

35
Internal control is used in a business to enhance the accuracy and reliability of its accounting records and to

safeguard its assets.

create a system of audit review.

analyze financial statements.

protect investments by the public.

36
Under the percentage of receivables method, the allowance for a doubtful accounts balance will occasionally have a debit balance due to write-offs that occur during the year, which exceed the previous provisions for bad debts. In such cases, what must a company do to this account?

Allow the debit balance to carry over to future periods.

Make an adjusting entry by subtracting the debit balance from the required balance.

Make an adjusting entry by adding the debit balance to the required balance.

Create a second allowance for doubtful accounts balance with a credit balance.

37
Penn Corp. acquired a truck to haul widgets between its manufacturing facility and its sales offices. Penn acquired the truck for $55,000. Penn sold the truck years later for $15,000. Before the year of the sale, Penn had depreciated the asset by $32,000. Penn depreciated the truck by another $2,000 during the year it was sold. Does Penn record gain or loss on the sale and how much?

Loss of $17,000

Loss of $19,000

Gain of $8,000

Gain of $6,000

38
In what situations are notes payable used in lieu of accounts payable?

To give the lender formal proof of the obligation, for collection of debt purposes, and to require the borrower to pay interest

To provide short-term financing, for collection of debt purposes, and to pay off the debt quicker

To create better credit, incur liability over a shorter time frame, and acquire additional financing for different lines of business

Because other financing is not available, to facilitate business relationship with other companies, and to improve goodwill

39
In the stockholders equity section of the balance sheet, the cost of treasure stock is deducted from the following:

Total paid-in capital and retained earnings

Retained earnings

Total stockholders’ equity

Common stock in paid-in capital

40
To arrive at net cash provided by operating activities, the statement of cash flows prepared by the indirect method starts with net income and then adds or deducts various items. In making this calculation, the following items are added to net income under the indirect method:

Depreciation expense, gain on the sale of plant assets, and increase in current liability account

Patent amortization expense, increase in current asset account, and decease in current asset account

Depletion expense, loss on the sale of plant assets, and patent amortization expense

Gain on the sale of plant asset, increate in current asset account, and decrease in current liability account

41
In horizontal analysis, each item is expressed as a percentage of the following:

Stockholders’ equity amount

Total assets amount

Base year amount

Net income amount

42
The following is an example of an unethical action committed by ABC, Inc.’s accountant, Fred Anderson.

Anderson’s supervisor asks him to inflate income for the current period to make the company appear more profitable.

Anderson’s recording of amortization is audited by an independent auditor.

Anderson records income using the cash basis of accounting, contrary to GAAP.

Anderson causes $200 in ABC, Inc. merchandise to be shipped to him for free.

43
Strategic management involves the _________, directing, _________ and controlling of a company’s strategy-related decisions and actions.

financing; marketing

planning; financing

marketing; planning

planning; organizing

44
The DMAIC (define, measure, analyze, improve, control) process is relevant to

CCC21.

balanced scorecard.

strategic matrix analysis.

Six Sigma.

45
Identifying and assessing a company’s resource strengths and weaknesses and its external opportunities and threats is called a __________________.

SWOT analysis

competitive asset/liability analysis

competitive positioning analysis

strategic resource assessment

46
The market opportunities most relevant to a particular company are those that

offer the best growth and profitability.

provide a strong defense against threats to the company’s profitability..

hold the most potential for product innovation.

provide avenues for taking market share away from close rivals.

47
Organizational requirements to support and sustain cost leadership are

subjective measurements and incentives.

tradition of closeness to key customers.

frequent, detained control reports.

some personnel skilled in sales and operations.

48
Organizational requirements to support and sustain differentiation activities include which of the following:

frequent, detailed control reports

structured organization and responsibilities

tradition of closeness to key customers

incentives based on meeting strict, quantitative targets

49
A __________ is an articulation of a simple criterion or characterization of what the leader sees the company must become to establish and sustain global leadership.

leader’s principle

mission

leader’s vision

strategic intent

50
The overriding goal of a control system is to enable the __________ and __________ of the business.

improvement, diversification

process, development

survival, long-term success

invention, entrepreneurship

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