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- Ethical Question: What would you do? As one of the newer district sales managers for a fast-growing technology company, you’ve asked your salespeople to give you three sales forecasts in their territories for the coming year: (a) optimistic, (b) pessimistic, and (c) most likely. After totaling their three different sales forecasts, you realize that the optimistic forecast will increase sales by nearly 20% in your district, the pessimistic forecast by 10%, and the most likely by about 15%. Your national sales manager has asked each district sales manager to give her their most likely sales forecast for the coming year, so she can assign sales quotas. Your thoughts are that it’s probably best to give her the most pessimistic sales forecast because this should help ensure that she assigns your district a quota that you should easily achieve. If you can exceed your assigned district sales quota by a substantial amount, you’ll probably get a large bonus, and you may even be named district…Question 1 Four basic functions of management are Select one: a. Cooperating, organizing, planning and leading b. Controlling, leading, planning and organizing c. Motivating, organizing, planning and leading d. Cooperating, motivating, planning and leading Question 2 In the acronym PESTEL ( i.e.PESTEL analysis), the P is for: Select one: a. Planning b. Political c. Procedure d. Principle Question 3 On the law books, there are fines, although small, that speaks to the improper disposal of business waste to prevent ill-health issues in the environment and to its citizens. There is no law that speaks to the individual waste disposal. Based on this, would you conclude that Select one: a. What is legal is ethical b. What is ethical is illegal c. laws are not necessary for waste disposal d. all of the above Question 4 A code of ethics in an organization Select one: a. guarantees employees will act in an ethical manner. b. describes what is…Business Management1.1 The dairy dessert market has always been a competitive one. Still, recent changes in consumer preferences, tastes, and more have made it even more difficult for today’s gelato shops and producers. From chain-based wholesale gelato in shops to independent creameries and dessert stores, many challenges must be overcome to provide a high-quality product right for today’s market conditions (Nishitha, 2018).Factors of production are referred to as the inputs needed to produce good and service. In light of this, determine and discuss the factors of production that would be appropriate to open an ice cream parlour. 1.2 Identify and discuss three levels of management, found within a business.
- Question 3 Read the following case-based extract regarding Amazon and answer the questions that follow. Amazon Ever since Amazon went online in 1995, the e-commerce juggernaut has undergone a slew of changes – despite being led by the same man, Jeff Bezos, during the ensuing two-plus decades. When the Seattle-based company first launched its website, all it sold was books. Gradually, Bezos and his team expanded Amazon’s offerings to include things like CDs and DVDs. But Amazon never really stopped changing the inventory it sold. 18; 19; 20 2020 © The Independent Institute of Education (Pty) Ltd 2020 Page 7 of 8 Bezos said he wanted his store to become the world’s largest, so he worked hard toward meeting that goal – whether that meant offering new products, launching Amazon Prime, launching Amazon Instant Video ... the list goes on and on. Today, Amazon sells more than 200 million products to customers all over the world. Though for years, Amazon’s detractors insisted that the company…Question 3 Read the following case-based extract regarding Amazon and answer the questions that follow. Amazon Ever since Amazon went online in 1995, the e-commerce juggernaut has undergone a slew of changes – despite being led by the same man, Jeff Bezos, during the ensuing two-plus decades. When the Seattle-based company first launched its website, all it sold was books. Gradually, Bezos and his team expanded Amazon’s offerings to include things like CDs and DVDs. But Amazon never really stopped changing the inventory it sold. 18; 19; 20 2020 © The Independent Institute of Education (Pty) Ltd 2020 Page 7 of 8 Bezos said he wanted his store to become the world’s largest, so he worked hard toward meeting that goal – whether that meant offering new products, launching Amazon Prime, launching Amazon Instant Video ... the list goes on and on. Today, Amazon sells more than 200 million products to customers all over the world. Though for years, Amazon’s detractors insisted that the company…Topic: 8 Daily Hassles by Lazaruz What kind of hassle is Jitters? a. Time pressure hassle b. Inner concern hassle c. Environmental hassle d. None of the above
- Which of the following statements is TRUE? Question 19Answer a. The origins of management by exception are generally credited to Frederick W. Taylor. b. The person most responsible for initiating the use of interchangeable parts in manufacturing was Henry Ford. c. The origins of the scientific management movement are generally credited to Henry Ford. d. The person most responsible for initiating the use of interchangeable parts in manufacturing was Walter Shewhart. e. The person most responsible for initiating the use of interchangeable parts in manufacturing was Eli Whitney.Discussion Questions: Question 1 (a) An effectively formulated operation strategy is critical to the success of a business, agree or disagree? Give reasons for your answer. (b) Suggest two strategies that Cutie Barber Salon could use to achieve the mission outlined in your response to question 1. Question 2 What is the strategic importance of forecasting for a business such as Cutie Barber Salon? What are the possible challenges faced by organizations that do not utilize forecasting in the planning of their operations? Question 3 Discuss two ways in which the barber salon can overcome the challenge of operating successfully in an environment of increasing costs while at same time customers are demanding lower prices.Question 1 Mr. Shyam Prakash has joined in a multinational company as a General Manager. The company recently entered into mergers and acquisitions with another reputed Japanese company. Half of his employees are thereby rendered obsolete due to advanced methodologies that the new company brings forth. This situation leaves Mr. Shyam Prakash in a dilemma and has to take a number of decisions to that effect. (a). Apply your knowledge, creative thinking and experience to assist Mr. Shyam Prakash to manage the difficult situation. (b). “Studies have demonstrated that, when individuals perceive that compensation and reward systems are equitable, they have greater levels of job satisfaction and are willing to commit to organisational objectives”. Discuss ‘Equity theory’ and its importance to get high level of satisfaction of employees. NEED BOTH PARTS,,,,,,ATTEMPT IF YOU WILL SOLVE BOTH PARTS......THANKS
- Question 1: * Describe the importance of critical thinking. * List at least 4 ways in which novice thinking and expert thinking different. * Give an example that illustrates each.Question One 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.…ETHICAL DILEMMA 2: Bounty Hunters His SUV carefully obscured behind a row of trees, Rick Raymond, private investigator, was on another case. This case was not to catch the unfaithful spouse or petty criminal in action. Instead, Raymond was tracking an employee, at the request of an employer, to determine whether an Orlando repairman was sick as he claimed today and as he had claimed to be several times recently. As we have seen, absenteeism is a huge problem for organizations that has left them desperate for solutions. One solution is to investigate. In the typical routine, when an employee calls in sick, the employer asks for the reason. If the reason is illness, and illness has been the reason for an abnormal number of times in the past, the employer hires a P.I. to follow the employee and photograph or videotape his or her activity outside the house. Private investigators also are used to ascertain whether individuals filing injury claims (and drawing worker’s compensation…