Costco has a policy of not hiring business school graduates because it wants employees to start at the bottom and work their way up. What are the advantages and disadvantages of this approach?
Q: Wharton Associates is a recently formed law partnership. Denise Peyton, the managing partner of…
A: There are several types of costs that are used by the firm (Bradley Associates) like indirect cost…
Q: “A branch office or business segment that shows negative operating income should be shut down.” Do…
A: Operating Income:Operating income is income which is earned by carrying out the regular business…
Q: ou are an investor who is looking for a place to invest your money. Previous investments have led…
A: HP Inc. Reports Fiscal 2020 First Quarter Results as follows, The First quarter GAAP diluted net…
Q: Biases like motivated reasoning and surrogation are very prevalent in the business world. Man- agers…
A: Introduction: A balanced scorecard is a type of performance monitoring method used in businesses…
Q: As we evaluate job related expenses, are self-employed taxpayers facing a considerable disadvantage…
A: As a self-employed / freelancer, you most likely have a level of freedom that your traditionally…
Q: Why are employees inside stakeholders but (workers) unions classified as outside stakeholders?
A: Since you have asked multiple questions, we will solve the first question for you. If you want any…
Q: 1. Why are employees inside stakeholders but (workers) unions classified as outside stakeholders? 2.…
A: I have attempted the first three question as per our rules.
Q: Several managers in your company are experiencingpersonal financial problems and have asked that…
A: Last-in-First-Out (LIFO): In this method, items purchased recently are sold first. So, the value of…
Q: Which would be the best way for a manager to deal with employees who are not motivated to perform…
A: Employee will get motivated only of they feel they are being recognised for their work. There are…
Q: Asma is a junior management accountant at Flower Cloth Ltd. Asma is given the task of compiling a…
A: Standards of ethical conducts: Standards of ethical conducts can be defined as the standards that…
Q: The following statements have appeared in newspaper editorials: 1. Business students come from all…
A: Ethical Conduct: Ethical conduct involves indulging into fair practices and making equitable…
Q: Arcadia Plastics follows the philosophy of transferring employees from job to job within the…
A: Definition: Internal Control: Internal control refers to the plan of a company. Implementation of an…
Q: Wharton Associates is a recently formed law partnership. Denise Peyton, the managing partner of…
A: Job order costing: Job order costing is one of the methods of costing to find out the cost of an…
Q: 08-There are several recognized standards against which companies can report their corporate social…
A: Corporate social responsibility is described as model which is adopted by the companies or firms to…
Q: As a manager, how would you deal with resistance to change when you suspect employees’ fears of job…
A: Resistance to change is defined as an opposition, which used to alter the situation or modification…
Q: Chloe has her own office where she generates investment advice for companies. She is compensated for…
A: The recommendation given to the client or any company related to investment portfolio is termed as…
Q: Shifting factories abroad to reduce employee costs negatively affects which of the following…
A: Stakeholders are those persons which makes decisions on the basis of information and statements…
Q: It has been said that recent graduates from a business school majoring in accounting and just…
A: Ethics: Business ethics refers to a set of moral codes and guidelines that governs corporate…
Q: Alma and Jean wrote a business proposal for their local partner, the GIF Corporation. They submitted…
A: Technical Communication The purpose of using the technical communication which includes reports…
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: Some accountants argue that they should be allowed to invest in a company's stock as long as they…
A: An audit entails a thorough examination and a written report. The auditing and vouching procedure…
Q: COMMUNICATIONS Before the mid-1970s, systems programmers and businesspeople (including accountants)…
A: Jargons are basically technical words that only professionals can understand.
Q: Explain what cost behavious is and why it is important for business? Explain what breakeven point…
A: “Since you have asked multiple questions, we will solve the first question for you. If you want a…
Q: Mohammed was recently interviewed for an accounting job. His employer told him that the job…
A: “Since you have asked multiple questions, we will solve the first question for you. If you want any…
Q: another company who wants to buy Teejan too, but they are not aware that it is Majan Company. They…
A: The professional accountants need to follow the Code of Ethics at the international level released…
Q: Ryan currently has a salaried position in his company, but is offered a promotion that will be…
A: Salaried position is where the employee earns a fix amount of salary every month whereas commission…
Q: You are a partner in a CPA firm. Some of your partners have conservative views and some don't. You…
A: Certified Public Accountant (CPA): The Certified Public Accountant (CPA) refer to the proficient and…
Q: Why would a company want to provide job applicants with a balanced, honest, and realistic portrayal…
A: SOLUTION- A Job Applicant is a person interested in applying for a new job and completing the…
Q: in discussing "output-based compensation schemes." such as piece-rate systems, Stanford economist…
A: AN output-based compensation scheme is a scheme of paying the employees based on their performance…
Q: Most people, economists included, consider child labor to be morally unacceptable and would support…
A: child labour is exploitation of children through form of work that leads to deprivation of children…
Q: Why do you think accountants have never unionized?
A: Employee union is an association of employees of similar grade and performing almost the same job in…
Q: The chief executive officer (CEO) of Cobalt Inc. just read an article written by a business…
A: Lean manufacturing focuses on reducing the cost and minimizing waste involved in the manufacturing,…
Q: A manager in your organization just received a special order at a price that is “below cost.” The…
A: This is the case of a ‘special order’. In accounting we consider special orders as those one off…
Q: Do unions make it difficult for companies to attain a competitive advantage? I think that it is a…
A: Competitive advantage is the favorable factor for the organization over the competitors prevailing…
Q: compensation management, if an company is unable to raise your salary, and they are trying to make…
A: labour are considered as an important factor of the production if the employee will leave the…
Q: Which of the following does not represent a reason to map a Career Path? A Avoid taking jobs…
A: Career plan must be set in a manner which should place you in a position so that all the goals and…
Q: Chloe has her own office where she generates investment advice for companies. She is compensated for…
A: B. Chloe does not have to be a registered adviser if she doesn’t have authority to make investment…
Q: One of the advantages of hiring younger workers is that they: a) seldom seek job flexibility. b)…
A: The practice of finding, evaluating and establishing a working relationship with future employees,…
Q: What is the benefit in paying a lower salary with commission to your employees, instead of a high…
A: Wages or in general costs that are tied to sales or production and will reduce fixed costs.…
Q: It is a fact that teachers receive very meager salaries. Do you think this is an injustice? Explain…
A: Teachers are the foundation of a nation's future as they educate children and guarantee a society of…
Q: Desiree is a successful sole practitioner offering business consultancy services to a number of…
A: Business entity refers to the organization created by individual or group of individuals to conduct…
Q: In staffing their offices, some firms encourage inhouse referrals (recommendations of their present…
A: Payroll Register: A payroll register is a schedule maintained by a company to record the earnings,…
Q: According to the 2011 National Business Ethics Survey conducted by the Ethics Resource Center,…
A: Answer: Workplace ethics is the ethical behavior that an employee is expected to follow during his…
Q: As a manager, would you use financial incentives to compensate your employees? If so, what would be…
A: Financial incentive: Financial incentives are given with the intention of motivating employees. The…
Costco has a policy of not hiring business school graduates because it wants employees to start at the bottom and work their way up. What are the advantages and disadvantages of this approach?
Trending now
This is a popular solution!
Step by step
Solved in 3 steps
- Suppose that all employers in a perfectly competitive industry do not have a preference for discriminating against African Americans but that all the employees at one firm do. Describe what will happen to the profit-maximizing output level of this firm in the long run if the employees’ racial preferences influence the firm’s hiring decisionsThe head of the accounting department is not satisfied with the implementation of the new system. He believes that the new system will result in job losses for many of the bookkeepers. They are threatening industrial action. In your role as project sponsor, what should you do to resolve the situation?Do unions make it difficult for companies to attain a competitive advantage? I think that it is a double-edged sword when it comes to unions and companies attaining a competitive advantage. Unions are necessary to give a voice to the workers while safeguarding them from changes in their wages, pay, and quality of life. Unions can cause organizations to struggle to create a competitive advantage in the economic market by producing the least expensive consumer goods possible. This can limit the job advancement or benefits companies can afford to offer employees since they are providing for the unified force. Unions also provide better productivity and a better-trained workforce.
- Consider the following statement: Many corporations require all staff accountants to hold not only a degree in accounting but also to have a CPA license. There is a substantially higher cost to hiring CPAs. In your discussion post, address the following: Speculate on why corporations do not lower their explicit payroll cost by hiring accountants without a CPA. Consider how asymmetric information, moral hazard, and adverse selection may impact the perception of risk.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?Consider the following conversation between Leonard Bryner, president and manager of a firm engaged in job manufacturing, and Chuck Davis, certified management accountant, the firms controller. Leonard: Chuck, as you know, our firm has been losing market share over the past 3 years. We have been losing more and more bids, and I dont understand why. At first, I thought that other firms were undercutting simply to gain business, but after examining some of the public financial reports, I believe that they are making a reasonable rate of return. I am beginning to believe that our costs and costing methods are at fault. Chuck: I cant agree with that. We have good control over our costs. Like most firms in our industry, we use a normal job-costing system. I really dont see any significant waste in the plant. Leonard: After talking with some other managers at a recent industrial convention, Im not so sure that waste by itself is the issue. They talked about activity-based management, activity-based costing, and continuous improvement. They mentioned the use of something called activity drivers to assign overhead. They claimed that these new procedures can help to produce more efficiency in manufacturing, better control of overhead, and more accurate product costing. A big deal was made of eliminating activities that added no value. Maybe our bids are too high because these other firms have found ways to decrease their overhead costs and to increase the accuracy of their product costing. Chuck: I doubt it. For one thing, I dont see how we can increase product-costing accuracy. So many of our costs are indirect costs. Furthermore, everyone uses some measure of production activity to assign overhead costs. I imagine that what they are calling activity drivers is just some new buzzword for measures of production volume. Fads in costing come and go. I wouldnt worry about it. Ill bet that our problems with decreasing sales are temporary. You might recall that we experienced a similar problem about 12 years agoit was 2 years before it straightened out. Required: 1. Do you agree or disagree with Chuck Davis and the advice that he gave Leonard Bryner? Explain. 2. Was there anything wrong or unethical in the behavior that Chuck Davis displayed? Explain your reasoning. 3. Do you think that Chuck was well informedthat he was aware of the accounting implications of ABC and that he knew what was meant by cost drivers? Should he have been well informed? Review (in Chapter 1) the first category of the Statement of Ethical Professional Practice for management accountants. Do any of these standards apply in Chucks case?
- In the decision by a grocery company that is trying to decide whether to keep or drop the bakery department in its grocery stores, what would the bakery managers salary be in relationship to the decision if the manager will be laid off?Your HR Manager approaches you regarding a worker whose performance reports have been deteriorating lately and seeks your opinion on whether to keep or fire the worker. To balance things out, the manager says that the business has invested a lot of time and money in educating this employee on company-specific procedures, and that it would be a shame to let that money go to waste. What response would you have?In a strategy meeting, the computer manufacturing company's president said, "If we raised the price of our product, the company's break-even point will be lower." The financial vice president responded by saying, "The company will also be less likely to incur a loss." As a management accountant would you agree or disagree with these statements and why?
- Besides the “Shop,” how else does Barcelona try to maximize employee fit? What other suggestions do you have for the company to improve new hires’ fit with the job and organizationOne of the advantages of hiring younger workers is that they: a) seldom seek job flexibility. b) have low expectations for their pay as they lack experience. c) often bring optimism and a proven ability to multitask to work. d) work with a high sense of loyalty to their companies.In a strategy meeting, a manufacturing company’s president said, “If we raise the price of our product, the company’s break-even point will be lower.” Thefinancial vice president responded by saying, “Then we should raise our price. The company will be less likely to incur a loss.” Do you agree with the president? Why? Do you agree with the financial vice president? Why?
