Boxes-and-Stuff, a box-packing and mailing company in a small town along the Gulf Coast, losta key employee last month when its accounting manager was fired for embezzling companymoney. Now, the owners of Boxes-and-Stuff, Jerome and Natalia, need to find anotheraccounting manager-fast. But as they hurry to fill the position, they don't want to select adishonest orincompetent employee. They need to be cautious. Fortunately, the police chief found theembezzled funds in a bank account set up by the former employee, and authorized the returnof the money. This means that Boxes-and-Stuff will not lose the embezzled amount, after all.However, Jerome and Natalia are already thinking of ways to protect their company from otherrisks. They want to be prepared for risky situations in the future.Questions:1. Which risks do you think Boxes-and-Stuff might face?2. Are these risks pure (insurable) or speculative (not insurable)?3. How do you think the company should handle the risks you've identified?

Risk in the workplace is a broad term. It refers to any event or scenario that could hinder and…

Answered: Boxes-and-Stuff, a box-packing and…

Management, Loose-Leaf Version

13th Edition

ISBN:9781305969308

Author:Richard L. Daft

Publisher:Richard L. Daft

Chapter7: Planning And Goal Setting

Section: Chapter Questions

Problem 1ED: When the idea first occurred to her, it seemed like such a win-win situation. Now she wasn't so...

See similar textbooks

Similar questions

When the idea first occurred to her, it seemed like such a win-win situation. Now she wasn't so sure. Marge Brygay was a hardworking sales rep for Inspire Learning Corporation, a company intent on becoming the top educational software provider in five years. That newly adopted strategic goal translated into an ambitious, million-dollar sales target for each of Inspire's sales reps. At the beginning of the fiscal year, her share of the sales department's operational goal seemed entirely reasonable to Marge. She believed in Inspire's products. The company had developed innovative, highly regarded math, language, science, and social studies programs for the K— 12 market. What set the software apart was a foundation in truly cutting-edge research. Marge had seen for herself how Inspire programs could engage whole classrooms Of normally unmotivated kids; the significant rise in scores on those increasingly important standardized tests bore Out her subjective impressions. Bur now, just days before the end of the year, Marge's sales were $1,000 short of her million-dollar goal. The sale that would have put her comfortably over the top fell through due to last-minute cuts in one large school system's budget. At first, she was nearly overwhelmed with frustration, but then it occurred to her that if she contributed $1,000 to Central High, the inner-city high school in her territory probably most in need of what she had for sale, they could purchase the software and put her over the top. Her scheme would certainly benefit Central High students. Achieving her sales goal would make Inspire happy, and it wouldn't do her any harm, either professionally or financially. Making the goal would earn her a $10,000 bonus check that would come in handy when the time came to write out that first tuition check for her oldest child, who had just been accepted to a well-known, private university. Initially, it seemed like the perfect solution all the way around. The more she thought about it, however, the more it didn't quite sit well with her conscience. Time was running out. She needed to decide what to do. 1. Donate the $1,000 to Central High, and consider the $10,000 bonus a good return on your investment.
1. Mr.Salim, the production manager in a company, is conducting a monthly analysis to compare the actual performance of his team with the standards and plans. This is relating to the management function of ________ a. Organizing b. Directing c. Planning d. Controlling 2. Mr. Bareed, the HR manager of AL Maha Company sends an e mail to Mr. Saalim working in Sales department. Mr. Saalim is the ________ a. Sender b. Worker c. None of the options given d. Receiver
8.__________As a process of self-examination during her senior year of college, Sara decides to develop a SWOT analysis of her prospects relative to getting a job.2. Sara realizes that she has a personal characteristic that suggests she is not comfortable interacting with strangers. She interprets this as a(n) ___________ if she is to get a job as a salesperson. alternative strength weakness opportunity B only
10.a. In a shop that participates in a formalized preventative maintenance program, the _______ isresponsible for adjusting the PM schedule when a component fails more frequently than its currentinspection interval.A. maintenance engineerB. program administratorC. shop general foremanD. shop supervisor10.b. Which one of the following isn’t a goal of a PM program?A. Limit downtimeB. Save a company money on maintenance so that the cost of its products stays competitiveC. Keep a machine running within its specificationsD. Use fewer repair parts and less time to install those parts10.c. Which of the following tasks is an uptime PM task that can be performed while the machine is runningduring production?A. Checking the motor starter contacts for burned and pitted areasB. Checking for excess noise or vibration on the machineC. Checking the condition of the couplingD. Tightening electrical connections
Test IV. It is posited that there are varying assumptions of the O&M Theories from theClassical to the Modern view. Based on the these several assumptions, answer thefollowing:A. Explain how the varying assumptions of the O&M theories, from the classical to themodern view, have affected the authoritativeness or participativeness in doing planning,organizing, staffing, leading, and controlling.B. Make a brief analysis on how the changing assumptions of the O&M theories, from theclassical to the modern view, have influenced or affected power and authority relations,the span of management and eventually the over-all structure of the organization.
1. What of the following is a reason why an employee candidate selects a company? A) Company cultureB) Career progression after hireC) BenefitsD) All of these are correct.E) None of these is correct. 2. The benefits of providing job candidates a realistic job preview include a genuine understanding of which of the following?A) Role(s) that will be performedB) Daily activities of the jobC) Requirements of the positionD) Significant understanding of the positionE) All of these are correct. 3. Why does an HSO need to pay close attention to how its pay scales compare to other HSOs, on a jobby-job basis?A) Lower pay will reduce HSO expenses, but may also reduce the quality of the work forceB) Higher pay may lead to higher productivityC) There is no relationship.D) Both lower pay will reduce HSO expenses, but may also reduce the quality of the work force, and higher pay may lead to higher productivityE) None of these is correct.
Jackie and Sandra began a long-term-care consulting firm 5 years ago in a retirement region.They now have six employees: two RHIAs and four RHITs. They now have consulting contractswith 35 long-term-care facilities and have developed a reputation for excellence.During a meeting with employees, Jackie and Sandra commended them for the efforteach had contributed to the success of the firm. In planning for the future, Jackie andSandra then asked the employees to share with them ideas on expanding the businessby revising the vision. One option they had discussed and now shared was that ofexpanding their geographic region into another state. This would mean activelymarketing to long-term-care facilities beyond their present region and hiring additionalstaff.Bryan said he had been listening to employee conversations at a nearby hospital andlearned that there was a need for additional home health care personnel and resources inthe region. Hospital utilization management staff expressed…
Mr. Ali is a fresh graduate and he is employed at ABC Company. He is a fresh graduate and it’s his first professional job. The job pays him pretty well but he is still unhappy with job.a. Develop an account of the current thinking about the relationship between job performance and job satisfaction. Examine what could be the possible reasons behind Mr. Ali being unhappy with his job?b. If Ali’s supervisor believes that ‘happy employees are productive employees’, what kind of problems might he encounter? Be sure to emphasize the role of rewards in your answer.
Read the case below and address the questions attached Betty has finally returned to her job as an accountant at Blue Chip Enterprises, a small family run hardware supplies chain, after a five-year extended maternity break. She has returned at an important time in the fiscal year: tax season. As she reviews the books for the period she was gone, she notices little anomalies which suggest that Blue Chip has been reporting much less income than they have actually made in the last two years. Troubled by this, Betty approaches the company owner, Mr.Asamoah, who comes clean and explains that he has been altering the books because of a personal financial slump that he fell into because of a gambling problem. Mr.Asamoah promises that from now on, now that Betty is back, he will no longer attempt to reduce his tax liability because he and the company are in a better place now. However, he also makes clear to Betty that he cannot afford to pay the back taxes and their penalties. If Betty…
I need help with everything 1. RMC, Inc., is a small firm that produces a variety of chemical products. In a particular production process, three raw materials are blended (mixed together) to produce two products: a fuel additive and a solvent base. Each ton of fuel additive is a mixture of 2/5 ton of material 1 and 3/5 of material 3. A ton of solvent base is a mixture of 1/2 ton of material 1, 1/5 ton of material 2, and 3/10 ton of material 3. After deducting relevant costs, the profit contribution is $40 for every ton of fuel additive produced and $30 for every ton of solvent base produced. RMC’s production is constrained by a limited availability of the three raw materials. For the current production period, RMC has available the following quantities of each raw material: Raw Material Amount Available for Production Material 1 20 tons Material 2 5 tons Material 3…
In a form of phrase, give 7 Training and Development Policies on a Construction Firm in each: a.) Employees b.) OJT students/trainees In a form of phrase, give 7 necessary skills or importance that will be acquired by the employees on a Construction Firm from these various trainings: a.) Induction Training b.) Health and Safety Training c.) Corporate and Departmental Training
27) A company’s corporate office has to decide between investing capital in a given business as it in a high growth industry or divesting that business given its current low market share. The company business is represented by which of the following? a) A star b) A question mark c) A cash cow d A dog

SEE MORE QUESTIONS

Recommended textbooks for you

Management, Loose-Leaf Version

Management

ISBN:

9781305969308

Author:

Richard L. Daft

Publisher:

South-Western College Pub

Management, Loose-Leaf Version

Management

ISBN:

9781305969308

Author:

Richard L. Daft

Publisher:

South-Western College Pub

SEE MORE TEXTBOOKS