Compare and contrast the three types of responsibility centers. What is the best way to evaluate a manager's performance in each type of center? What is the problem with using only financial measures of performance?
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Compare and contrast the three types of responsibility centers. What is the best way to evaluate a manager's performance in each type of center? What is the problem with using only financial measures of performance?
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- Dave Fletcher, the general manager of North Carolina Engineering Corporation (NCEC), thinks that his firm’s engineer-ing services contracted to highway construction firms are directly related to the volume of highway construction business contractedwith companies in his geographic area. He wonders if this is reallyso, and if it is, can this information help him plan his operationsbetter by forecasting the quantity of his engineering servicesrequired by construction firms in each quarter of the year? Thefollowing table presents the sales of his services and total amountsof contracts for highway construction over the past eight quarters: a) Using this data, develop a regression equation for predictingthe level of demand of NCEC’s services. b) Determine the coefficient of correlation and the standard errorof the estimate.Charity Navigator is America's leading independent charity evaluator. The following data show the total expenses ($), the percentage of the total budget spent on administrative expenses, the percentage spent on fundraising, and the percentage spent on program expenses for 10 supersized charities (Charity Navigator website). Administrative expenses include overhead, administrative staff and associated costs, and organizational meetings. Fundraising expenses are what a charity spends to raise money, and program expenses are what the charity spends on the programs and services it exists to deliver. The sum of the three percentages does not add to 100% because of rounding. Do not round your intermediate calculations. Charity Total Administrative Fundraising Program Expenses Expenses Expenses Expenses (millions of $) (%) Fundraising Program 1 American Red Cross 3352 3.9 3.9 92.2 2 World Vision 1210 3.8 7.8 88.6 3 Smithsonian Institution 1082 23.5 2.6 73.6 4 Food For…How can you evaluate the accuracy of a forecast model?
- Course: Management Reporting ABC Rural BankABC Vision Statement: To become the premier rural bank in Mindanao.ABC Mission Statement: To provide all of its customers with socially responsible programs and to be able to provide them with efficient services that improve their situation.ABC Rural Banks' Corporate Strategy: Growth StrategyDo the following:1. Present management report using BALANCED SCORECARD FRAMEWORK (Financial Perspective, Customer Perspective, Internal Processes, Learning and Growth) with detailed explanation on each part2. In connection to number 1 Proposed a Chief Finance Officer's action to the ABC Rural Bankwhich highlights the following: a. The quarterly performance of the bank in terms of its profitability, thus, ROE, ROA and other profitability measures are presented. b. The report shall be presented to the top management meeting to be attended by the President and Chairman, Area Managers, and other Support Department Managers such as the HR, IT, Audit, Credit…You may need to use the appropriate technology to answer this question.In the digital age of marketing, special care must be taken to make sure that programmatic ads appearing on websites align with a company's strategy, culture and ethics. For example, in 2017, Nordstrom, Amazon and Whole Foods each faced boycotts from social media users when automated ads for these companies showed up on the Breitbart website (ChiefMarketer.com). It is important for marketing professionals to understand a company's values and culture. The following data are from an experiment designed to investigate the perception of corporate ethical values among individuals specializing in marketing (higher scores indicate higher ethical values).Marketing Managers Marketing Research Advertising4 7 53 6 54 6 53 6 55 7 65 7 4(a)Use ? = 0.05 to test for significant differences in perception among the three groups.State the null and alternative hypotheses.H0: ?MM = ?MR = ?AHa: Not all the population means are equal.H0:…You may need to use the appropriate technology to answer this question. In the digital age of marketing, special care must be taken to make sure that programmatic ads appearing on websites align with a company's strategy, culture and ethics. For example, in 2017, Nordstrom, Amazon and Whole Foods each faced boycotts from social media users when automated ads for these companies showed up on the Breitbart website (ChiefMarketer.com). It is important for marketing professionals to understand a company's values and culture. The following data are from an experiment designed to investigate the perception of corporate ethical values among individuals specializing in marketing (higher scores indicate higher ethical values). Marketing Managers Marketing Research Advertising 4 5 6 3 5 7 4 6 6 5 6 6 3 5 5 5 6 6 (a) Use ? = 0.05 to test for significant differences in perception among the three groups. State the null and alternative hypotheses. H0: Not all the population…