Answered: b) Discuss briefly the importance of…

b) Discuss briefly the importance of 'Training and Development' in reducing staff turnover in the prganization. Provide at least two examples to support your answer.

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter1: Accounting As A Tool For Managers

Section: Chapter Questions

Problem 3Q: If there are deviations from the stated goals and objectives, what steps can managers take to get...

See similar textbooks

Related questions

Q: Which of the following is not a qualitative decision that should be considered in an outsourcing…

A: Outsourcing refers to receiving of services from another company in order to fulfill out company…

Q: The internal business process perspective of a balanced scorecard may contain which of the following…

A: Balance Score Card measures the business from four different perspectives. 1) Financial Perspectives…

Q: 1- What are the four cost categories of a costs of quality program? 2- What are relevant revenues…

A: Cost of quality program's costs can be divided into two main groups and four sub-groups. Main two…

Q: The accountant's usefulness to management is said to be directly influenced by how good an attention…

A: The following statements are assessed with regard to the functions of the accountant in an…

Q: Which is NOT included as concept or aspect of management? a. It is concerned with all kinds of…

A: Correct answer is option (d) It applies only to top level management.

Q: Which is not one of the potential advantages of decentralization? a. Improves motivation and…

A: Decentralization refers to process in which person in management hierarchy ranging from top to…

Q: A determination of cost savings obtained by outsourcing cafeteria services is most likely to be an…

A: A determination of cost savings obtained by outsourcing cafeteria services is most likely to be an…

Q: d) Discuss how allocation of customer-related overhead cost can lead to better decision making…

A: Customer profitability is defined as: ‘Analysis of the revenue streams and service costs associated…

Q: Required information Skip to question Restructure, Outsource or Redesign? Choosing a…

Q: What is turnover? What does it measure? Describe this in your own words. Writing a formula is not a…

A: What is the Turnover Turnover is the Gross sale made by the company. A company may selling the…

Q: What of the following is NOT a Benefit of Activity Based Management? a.It assists in the budgeting…

A: Introduction:- Activity Based Management analyzing a company's business activities through…

Q: Organization Structure refers to a. Making necessary arrangements for procuring required manpower…

A: Organization structure means the layer of organization where every duties and responsibility of each…

Q: 10.Which of the following is not a reason that worker involvement is important in an effective…

A: All the options given above are right from A) to D), as they all effects the efficiency of worker.…

Q: In addition to resistance from employees during strategy implementation, there are other potential…

A: Strategy is the amount of planning and organising the things for the effective and efficient…

Q: Answer the following questions: How various types of incremental analysis help management to make…

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

Q: 1- When is a revenue or cost item relevant for a particular decision?

A: Hi student Since there are multiple questions, we will answer only first question. If you want…

Q: 1. Discuss whether the manager of Bell Division should be evaluated only on ROI? 2. Provide two…

A: Financial ratios: The ratios calculated by using the various line items reported in the financial…

Q: The objective of Responsibility Accounting is to evaluate performance and provide a feedback so that…

A: Responsibility accounting falls within the realm of management accounting wherein the accounting…

Q: “When evaluating a company’s performance on the time dimension, managers should only consider…

Q: A good performance measurement system should have the following characteristics: It should be based…

A: Good performance measurement must be established because the absence of a good performance…

Q: Which of the following is not a characteristic of a good performance measurement system? Group of…

A: There are many measures used by an organization to measure the performance of its employees. The…

Q: Which of the following is an example for "Neglect" strategy under EVLN Model of Job Satisfaction?…

A: Ans. d - Paying less attention to quality, and increasing absenteeism and lateness.

Q: 10.Which of the following is not a reason that worker involvement is important in an effective…

A: The correct answer for the above mentioned question is given in the following steps for your…

Q: What are the factors of incremental analysis such as relevant costs, opportunity costs, and sunk…

Q: Why is it important for a manager to receive frequent feedback on his or her performance?

A: Feedback refers to the review of the prior action of an individual by another individual thereby…

Q: hen asked how the productivity increase would be accomplished, River hinted that increasing the…

A: 1) Ethical Dilemma: 1.Speedup the Assembly process- by 2 to 3% unnoticed by the Labor/Union may…

Q: we considered different allocation methods and considered which one might be “better.” Why might a…

A: The direct allocation method is a way of charging the cost of service departments to other areas of…

Q: what would be the quality cost classification of Employee training?

A: Prevention Cost: Expenses incurred to prevent (keep failure and appraisal cost to a minimum) poor…

Q: Which of the following is not a way an accounting system can generate motivation? Multiple Cholce…

A: The accounting system is a computerized and technological way of performing and executing…

Q: Discuss the different kinds of

A: Answer : Employees can be motivated to become involved in quality development programs by offering…

Q: Would you change a performance appraisal to reflect more positively on an individual whose…

A: Performance appraisal are one of the most important aspects of management, but they are also one of…

Q: Which of theses is a suggested guideline for fixing a follower's performance shortcomings? Select…

A: Performance means the way the employee is working and the report of the same is given to the…

Q: Which responsibility center's manager would be most concerned about the segment's return on…

A: the responsible center is the organizational unit that is being headed by the manager. generally, a…

Q: 22.Which of the following typical controls in the Employee Evaluation under the Hire-to-Retire…

A: Answer: There are controls in the employee evaluation under Hire to retire process where audit…

Q: What do you think are the requirements for launching a terrific quality team? Identify an issue…

A: Answer:- Quality team meaning:- A quality assurance team generally conducts activities that…

Q: In addition to the "Shop," what other initiatives does Barcelona have in place to enhance employee…

A: The Answer :

Q: What are relevant revenues and cost delays? 2- How do managers use financial and nonfinancial…

A: Hello. Since your question has multiple parts, we will solve first question for you. If you want…

Q: way a manager could improve turnover

A: Turnover is a important term used in accounting, taxation and business. The success of the business…

Q: 14 - Which of the following statements is incorrect? a) Performance appraisal is merely a tool…

A: Performance appraisal meaning - A performance appraisal is a process by which an individual…

Q: What is the lesson to be learned from the 360 survey fad? a) the 360 survey method has been found to…

A: 360 survey fad is about 360-degree feedback, which means collecting insights about the performance…

Question

100%

b) Discuss briefly the importance of 'Training and Development' in reducing staff turnover in the
prganization. Provide at least two examples to support your answer.

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

SEE SOLUTION Check out a sample Q&A here

Step 1

Step 2

Step 3

Step 4

Step by step

Solved in 4 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.

Similar questions

pick the support of the product manager and president. Also provide the reasons from the dropdown
What should an organization do if performance measures change? A. Make sure that the manager being evaluated is aware of the measurement change, as this may affect his or her decision-making. B. Make sure that the manager benefits without the corporation also benefitting. C. Make sure that there are significant overriding opportunities for each manager, if the manager is unaware of the change. D. Obtain customer surveys on the change before communicating the change to the manager.
The managerial decision-making process has which of the following as its third step? A. Review, analyze and evaluate the results of the decision. B. Decide, based upon the analysis, the best course of action. C. Identify alternative courses of action to achieve a goal or solve a problem. D. Perform a comprehensive differential (differential) analysis of potential solutions.
As manager of department B in MarIeys Manufacturing, based on the costs you identified in the previous exercise for further research, how does this impact the financial performance of your department, and what might be some questions you want to ask or solutions you might propose to Marleys management?
Which of the following is not a qualitative decision that should be considered in an outsourcing decision? A. employee morale B. product quality C. company reputation D. relevant costs
Examine the placement of the manager of HR systems in the organization chart of Figure 14.2 (pg. 541) and review the typical functional responsibilities of this manager, decisions made, and information needs as shown in Table 14.1 (pp. 541542). Describe possible alternatives for the placement of this function in the formal organization chart, and discuss the relative advantages for each placement. Consider the variables of centralized versus decentralized organizational structures.
If there are deviations from the stated goals and objectives, what steps can managers take to get back on track? Provide at least two specific examples.
Components of the organization that are demotivating for purposes of performance management are known as ______. A. business goals B. strategic plans C. uncontrollable factors D. incentives
In staffing their offices, some firms encourage in-house referrals (recommendations of their present employees). What are some possible objections to this practice as a means of obtaining job applicants? What advantages may be realized by the firm that uses in-house referrals?
The following strategic objectives have been derived from a strategy that seeks to improve asset utilization by more careful development and use of its human assets and internal processes: a. Increase revenue from new products. b. Increase implementation of employee suggestions. c. Decrease operating expenses. d. Decrease cycle time for the development of new products. e. Decrease rework. f. Increase employee morale. g. Increase customer satisfaction. h. Increase access of key employees to customer and product information. i. Increase customer acquisition. j. Increase return on investment (ROI). k. Increase employee productivity. l. Decrease the collection period for accounts receivable. m. Increase employee skills. The heart of the strategy is developing the companys human resources. Management is convinced that empowering employees will lead to an increase in economic returns. Studies have shown that there is a positive relationship between employee morale and customer satisfaction. Furthermore, the more satisfied customers pay their bills more quickly. It was hypothesized that as employees became more involved and more productive, their morale would improve. Thus, the strategy incorporated key objectives that would lead to an increase in productivity and involvement. Required: 1. Classify the objectives by perspective, and suggest a measure for each objective. 2. Prepare a strategy map that illustrates the likely causal relationships among the strategic objectives.
What combination of quantitative factors and qualitative factors would you like your potential employer to use as a performance management system? Explain your answer.
Consider the following quality improvement strategy as expressed by a series of if-then statements: If real-time feedback information capabilities improve, then post-sales service time will improve. If post-sales service time improves, then post-sales service quality will increase. If post-sales service quality increases, then customer satisfaction will increase. If customer satisfaction increases, then market share will increase. If market share increases, then sales will increase. If sales increase, then profits will increase. Required: 1. Prepare a strategy map that shows the cause-and-effect relationships of the quality improvement strategy (see Exhibit 13.10 for an illustrative example). 2. Explain how the quality improvement strategy can be tested.