Identify and explain two ways that has increased productivity of the company.
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Breakeven Analysis
Break Even Analysis is a term used in business, cost accounting and economics. It refers to a point where the total cost incurred becomes equal to the total revenue earned. Break Even Analysis determines the number of units to be sold to earn the revenue required to cover the total costs. Total cost is a sum total of fixed and variable costs.
Process analysis
The term process analysis can be defined as breakdown of production process into different phases that converts inputs into output. A series of routine activities are incorporated using organizational resources with a view to achieve operational excellence.
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- Adel is planning to start new business by investing an amount of R.O 11000 afetr graduation. he doesnot want to join his brother comapny. Identify the type of business. a. Partnership b. Limited Liability Company c. None of these d. Sole ProprietorshipPlease explain right as well as wrong options (1) when rubberstamp productions, previously a small-time production house, grew in size, the first thing its cheif executive officer (CEO) did was establish a set og guildlines that detailed all priciples, standards, and procedures to be followed in the conpany's line of business. The CEO set specific standards on topics ranging from treatment of coworkers to protection of the environment to maintenance of financial records. this scenario illustrates that the CEO developed a a.) code of ethics b.) cognitive map c.) database of employee records b.) performance appraisal document (2) Rose found strong evidence that her supervisor was stealing confidential documents from the company. she immediately reported her manager's actions to the top management. Rose's action is an example of: a.) whistle-blowing b.) brainstorming c.) property deviance d.) personal aggressionGood day Can yo please assist on the follwing Martin and Lorraine are Engineering graduates who have struggled to find employment postuniversity. They have both decided to use their savings to start a business. They have decided tostart a small fruit and veggie business in their area. Given that they live in a busy township, theyare confident that their business will be a success as there is a market for it. Their biggestchallenge however is their limited knowledge on business management and entrepreneurial skillsand thus, requires you to play the advisory role for the business. 1.Strategic, Marketing and financial skills are some of the skills required for entrepreneurship. Using examples, discuss how these skills may be beneficial to Martin and Lorrain’s business.
- Wegmans has always been managed by members of theWegman family. Do you think the company could continueits winning ways if the next generation doesn’t want to take chaPter 7 Management Roles, Functions, and Skills 213over, forcing the company to hire someone from outsidethe family as CEO? Explain your answerRESOLVING ETHICAL BUSINESS CHALLANGES : QUESTIONS • EXERCISES1. Identify the ethical and legal issues ofwhich Albert needs to be aware.2. Discuss the advantages anddisadvantages of each decision thatAlbert could make and has made.3. Identify the pressures that havebrought about these issues.What does it mean to say that managers should maximize shareholder wealth "subject to ethical constraints"? What ethical considerations might enter into decisions that result in cash flow and stock price effects that are less than they might otherwise have been? The Securities Exchange Act of 1934 limits, but does not prohibit, corporate insiders from trading in their own firm's shares. What ethical issues might arise when a corporate insider wants to buy or sell shares in the firm where he or she works?
- The SituationYou work for a growing company, which thus far has operated only in the United States and Canada. Its board has just approve a plan to expand operations in two locations in the world whose local populations are overwhelmingly Hindu. The company management knows nothing about Hinduism, except perhaps for a few stereotypes. The company plans to hire most of its staff locally, so it needs basic information about Hinduism so that it can conduct advertising, human resources, and other aspects of its operations without offending cultural sensibilities.Your TaskYou work in the accounting department, but because you have a degree in religious studies, the companyâs management has asked you to prepare a brief report on certain aspects of Hinduism. It will use your report as the basis for determining a plan for further study. Your report, therefore, should be clear and specific about religion However, it need not and should not concern itself with details about how…Asad is a baker who lives in a small village in Herat. He owns a small shop together with his brother, Hamid, and his nephew Rajibullah. The three of them worked well together—Asad did all of the baking in the kitchen, Rajibullah attended to the customers, and Hamid delivered flour every day from the small flour mill that he owned nearby. Asad relied on both his brother and his nephew in order to keep the bakery running. He was glad that he did not need to rely on strangers to run his business. One day, however, Hamid decided that he wanted to move back to his home village in Kandahar. He sold his flour mill and used the money to buy a house in Kandahar for him and Rajibullah to live in. Because it would be impossible for him to keep running the shop all on his own, Asad was faced with a decision—he had to either find a new flour supplier and a new person to work in his shop, or he would be forced to close it altogether. He decides to try to find a new supplier of flour. Hamid refers…Auva and Chad knew that they wanted more out of life. Auva works as an inspector for the city health department, which involves inspecting restaurants and food service establishments to see whether they are operating according to local laws. Chad worked as an insurance agent for the first 10 years of their marriage and stays at home even though their kids are old enough to take car of themselves. Their home is paid for and their oldest daughter has received a scholarship to attend their local state university. Their son, Chester, is a senior in high school. Neither Auva nor Chad has much experience in owning or operating a small business, yet this is what they want to do when their son graduates from high school. They have been frugal and have saved over $200,000 for this venture. Auva will not be quitting her job for a while. This will leave Chad with the responsibility of running the business. What type of business to start and why?
- The foundation is inconsequentialThe syndicate started experiencing growth at all business units. It culminated in an increase in profit margin. As a market leader, the company started investing cripplingly in other ventures therefore widening its portfolio. Such is a story of a certain thrilling Ghanaian own business. Management thought it wise to employ more labour to beef up the shortfall of their employees. Kofi Antobam was lucky to be employed after several years in search of a white colour job. The opportunity had finally come. As part of his job description, he was expected to canvas for customers and possibly deploy all marketing strategies at his disposal to retain the hard-won customers. Coming from a very strong ethical background, and an orphan as well, he gave out all his best to secure the job for good. Growing up as a Christian, with a strong religious background he tried to respectfully lure customers to patronize the company through all ethical means. Antobam was voted…Shutterstock was started by an amateur photographer who needed a little extra money on the side. The founder Jon Oringer saw a gap in the market and took it, setting up space online to sell stock images from his personal photo library.He teamed up his hobby of photography with his professional software skills and his side hustle creation became one of the world’s biggest stock companies. discuss core entrepreneurial competencies that relates to Shutterstock stable competencies, talent, recognition of opportunity, managingrisks, being creative in solving problems and building and using networkWho is Henry Fayol? Give his contributions to management p.s will upvote if informative, ty!!