Make sure there is no plagarism. Q7: Read the scenario provided below. What is the nature ofconflict between Charlotte and Mercedes? (Why do they have aconflict?)Charlotte and Mercedes both work at the Portland FurnitureMart-a large discount furniture retailer. Charlotte is asalesperson on the floor, and Mercedes is the company creditmanager. The two women have known each other for years andhave much in common: they live within two blocks of each other,and their oldest daughters attend the same middle school and arebest friends. If Charlotte and Mercedes had different jobs, theymight be best friends themselves, but they are constantly fightingbattles with each other. Charlotte's job is to sell furniture, and shedoes it well. But most of her sales are made on credit. BecauseMercedes' job is to make sure the company minimizes creditlosses, she regularly has to turn down the credit application of acustomer with whom Charlotte has just closed a sale. It's nothingpersonal between the women; the requirements of their jobs justbring them into conflict.

The entrepreneur will carry on the business activities to increase the profitability of the…

Answered: Q7: Read the scenario provided below.…

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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Q4. Justify the following statements by giving appropriate reasoning. According to Weber’s Bureaucratic Model, relationships among organization members should be impersonal. Cost Leadership is a competitive strategy that increases an organization’s market share. Justifying past decisions is a bias that can badly affect managerial decisions and choices. The phenomenon of Groupthink restrains a group’s performance, resulting in poor decision outcomes. An SBU that has a large share of a slow-growth market is dubbed as a “Cash Cow”.
Q4: Draw an Inheritance hierarchy for students at a university similar to the hierarchy as shown in the Figure below. (Attached) Use Student as the superclass of the hierarchy, then extend Student with classes UndergraduateStudent and GraduateStudent. Continue to extend the hierarchy as deep (i.e., as many levels) as possible. For example, Freshman, Sophomore, Junior and Senior might extend UndergraduateStudent. DoctoralStudent and MastersStudent might be subclasses of GraduateStudent. After drawing the hierarchy, discuss the relationships that exist between the classes. [Note: You do not need to write any code for this question]
Q1. Dallas Mavericks’ owner Mark Cuban proved his business intelligence once again with the acquisition of star player Kristaps Porzingis. To benefit from this blockbuster trade even further, Cuban plans to sell one-time-only special edition Porzingis jerseys at a price of $380 each during the first month of the season (i.e., during October 2019 only). The production cost for each of these jerseys would be $100 thanks to their golden details, and any unsold jersey during October will be sold for $80 during November 2019. Knowing the fan base for years, Cuban estimates demand for these special edition jerseys to follow a normal distribution with a mean of 10,000 units and a standard deviation of 2,000. part b. Suppose instead that demand is uniformly distributed with min demand a=7,000 units and max demand b=13,000 units. Determine the optimal number of special edition jerseys that Cuban should produce?
Q1. Dallas Mavericks’ owner Mark Cuban proved his business intelligence once again with the acquisition of star player Kristaps Porzingis. To benefit from this blockbuster trade even further, Cuban plans to sell one-time-only special edition Porzingis jerseys at a price of $380 each during the first month of the season (i.e., during October 2019 only). The production cost for each of these jerseys would be $100 thanks to their golden details, and any unsold jersey during October will be sold for $80 during November 2019. Knowing the fan base for years, Cuban estimates demand for these special edition jerseys to follow a normal distribution with a mean of 10,000 units and a standard deviation of 2,000. partc. Cuban also plans to sell these special edition jerseys in his vacation resort. Knowing that people are wealthier in the resort, he sets a price of $500 for each jersey (although production cost stays the same). This time however, he cannot sell any unsold jerseys outside the…
Q14. Akash Ltd has a surplus cash of Rs 90 Lakhs and wants to distribute 30% of it to the shareholders. The Company decides to buyback shares. The Finance Manager of the company estimates that its share price after the repurchase is likely to be 10% above the buyback price if the buyback route is taken. The number of shares outstanding at present is 10 lakhs and the current EPS is Rs 3.5/-. You are required to determine: a. The Price at which the shares can be repurchased if the market capitalization of the company should be Rs 200 lakhs after buyback. b. The number of shares that can be repurchased. c. The impact of share repurchase on the EPS, assuming the net income is same.
Question 1 - Business With reference to the article above, write an office memo of 400-550 words, discussing the defensive strategy used by Sibanye Stillwater Ltd There are 3 types of defensive strategy: Retrenchment Divestiture Liquidation Discuss which defensive strategy used by Sibanye Stillwater Ltd Case study: Huge job cuts looming for one of South Africa’s biggest employersSibanye Stillwater Ltd. said it might cut more than 2,000 jobs at some gold mining operations in South Africa that are struggling to make a profit. The Johannesburg-based precious metals producer will enter into consultations with labour groups and other stakeholders on the proposed restructuring, which could affect 1,959 employees and 465 contractors at its Beatrix 4 shaft and Kloof 1 plant. The operations aren’t profitable as they are running out of commercially viable ore, and they face rising costs and lower output levels, Sibanye said in a statement. “To allow shafts and operating plants that are no…
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3 Q1: The highly successful online auction site eBay has attracted millions of buyers and sellers. In these faceless exchanges, trust on both sides of a transaction could be of concern. One action eBay has taken to promote trust in exchanges is to allow feedback. Why is this so important and effective? Q2: In 1962, U.S. President John F. Kennedy took specific actions to avoid the pitfalls of groupthink in deciding how to proceed during the Cuban Missile Crisis. Conduct your own research and write a few paragraphs evaluating the steps taken and their effectiveness.
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Question 10: Which strategy best positions an organization to handle the departure of key leaders?a. Establishing an employee referral program that has a higher dollar amount for senior positionsb. Implementing an integrated succession management and leadership development programc. Partnering with a well-established executive search firm that specializes in placing high-potential leadersd. Identifying potential leadership candidates to target for recruitment from comparable employers Question 15: An international seed company is in a position to buy one of its competitors. Management has narrowed the options down to three possibilities. How can HR most strategically contribute to developing and evaluating a business case for this project?a. Estimate payroll and benefits for the entire workforce at each potential location and recommend thelowest-cost option.b. Assign top HR executives to conduct thorough reviews of each culture and prepare presentations fordiverse stakeholders.c.…
Question 2 - Essay - Substantial Economic Effect Please answer the questions below. a) What is the essential concern motivating the requirement that allocations to partners have Substantial Economic Effect? b) Describe the criteria under the basic test for Economic Effect and illustrate where necessary. c) Distinguish the Alternate Test for Economic Effect from the basic test and provide an illustration of how that would work. d) What is the meaning of "Substantiality" and how might partnerships use special allocations to violate that requirement? e) What may the IRS do if a partnership's allocations violate Substantial Economic Effect?

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