The chief executive officer of Coca Cola Company in Nizwa was very happy with his sales team for their performance in the year 2020, despite the covid-19 pandemic. Because of this development, the chief executive officer decided to include a very good package to the compensation plan for the existing salesmen and even the new recruits. Some of the benefits includes VIP membership card for golf sport, Club membership for prestigious Gym in Muscat, international medical coverage, maternity leave and many other benefits. What kind of compensation plan did the chief executive officer apply for his staff? a. Combined benefit b. Bonus benefit c. Fringe benefit d. Commission Clear my choice
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- Scenario 4 Sharon Gillespie, a new buyer at Visionex, Inc., was reviewing quotations for a tooling contract submitted by four suppliers. She was evaluating the quotes based on price, target quality levels, and delivery lead time promises. As she was working, her manager, Dave Cox, entered her office. He asked how everything was progressing and if she needed any help. She mentioned she was reviewing quotations from suppliers for a tooling contract. Dave asked who the interested suppliers were and if she had made a decision. Sharon indicated that one supplier, Apex, appeared to fit exactly the requirements Visionex had specified in the proposal. Dave told her to keep up the good work. Later that day Dave again visited Sharons office. He stated that he had done some research on the suppliers and felt that another supplier, Micron, appeared to have the best track record with Visionex. He pointed out that Sharons first choice was a new supplier to Visionex and there was some risk involved with that choice. Dave indicated that it would please him greatly if she selected Micron for the contract. The next day Sharon was having lunch with another buyer, Mark Smith. She mentioned the conversation with Dave and said she honestly felt that Apex was the best choice. When Mark asked Sharon who Dave preferred, she answered, Micron. At that point Mark rolled his eyes and shook his head. Sharon asked what the body language was all about. Mark replied, Look, I know youre new but you should know this. I heard last week that Daves brother-in-law is a new part owner of Micron. I was wondering how soon it would be before he started steering business to that company. He is not the straightest character. Sharon was shocked. After a few moments, she announced that her original choice was still the best selection. At that point Mark reminded Sharon that she was replacing a terminated buyer who did not go along with one of Daves previous preferred suppliers. What should Sharon do in this situation?Scenario 4 Sharon Gillespie, a new buyer at Visionex, Inc., was reviewing quotations for a tooling contract submitted by four suppliers. She was evaluating the quotes based on price, target quality levels, and delivery lead time promises. As she was working, her manager, Dave Cox, entered her office. He asked how everything was progressing and if she needed any help. She mentioned she was reviewing quotations from suppliers for a tooling contract. Dave asked who the interested suppliers were and if she had made a decision. Sharon indicated that one supplier, Apex, appeared to fit exactly the requirements Visionex had specified in the proposal. Dave told her to keep up the good work. Later that day Dave again visited Sharons office. He stated that he had done some research on the suppliers and felt that another supplier, Micron, appeared to have the best track record with Visionex. He pointed out that Sharons first choice was a new supplier to Visionex and there was some risk involved with that choice. Dave indicated that it would please him greatly if she selected Micron for the contract. The next day Sharon was having lunch with another buyer, Mark Smith. She mentioned the conversation with Dave and said she honestly felt that Apex was the best choice. When Mark asked Sharon who Dave preferred, she answered, Micron. At that point Mark rolled his eyes and shook his head. Sharon asked what the body language was all about. Mark replied, Look, I know youre new but you should know this. I heard last week that Daves brother-in-law is a new part owner of Micron. I was wondering how soon it would be before he started steering business to that company. He is not the straightest character. Sharon was shocked. After a few moments, she announced that her original choice was still the best selection. At that point Mark reminded Sharon that she was replacing a terminated buyer who did not go along with one of Daves previous preferred suppliers. What does the Institute of Supply Management code of ethics say about financial conflicts of interest?The chief executive officer of Coca Cola Company in Muscat was very happy with his sales team for their performance in the year 2020, despite the covid-19 pandemic. Because of this development, the chief executive officer decided to include a very good package to the compensation plan for the existing salesmen and even the new recruits. Some of the benefits include VIP membership card for golf sport, Club membership for prestigious Gym in Muscat, international medical coverage, maternity leave and many other benefits. What kind of compensation plan did the chief executive officer apply for his staff? a. Commission b. Fringe benefit c. Bonus benefit d. Combined benefit
- Project Management FAO-Funded Aquaponics Project Launched In Barbados Barbados GIS – The United Nations Food and Agriculture Organization (FAO) has collaborated with the Ministry of Maritime Affairs and the Blue Economy, and local business. Adams Aquafarms, on a project to train persons in aquaponics. Aquaponics is a sustainable way of integrating land-based fish farming with plant production. Both are placed in a tank, and the set up allows for them to coexist, with the waste produced by the fish fertilizing the plants, while the plants purify the water for the fish. The training, funded by the FAO, will take place at a demonstration facility, located at Adams Aquafarms, Hopewell, St. Thomas. The FAO is currently targeting 30 entrepreneurs and 10 teachers. Minister of Maritime Affairs and the Blue Economy, Kirk Humphrey, believes the project will be “transformative”, as it has the potential to empower Barbadians. “In aquaponics, you have the opportunity to have, at the same time,…The case discusses the compensation management practices at Tata Consultancy Services Ltd. (TCS), one of the leading Indian IT companies. TCS’ compensation management system was based on the EVA model. With the implementation of Economic Value Added (EVA)/-based compensation, the salary of employees comprised of two parts – fixed and variable. The variable part of the salary was arrived after considering business unit EVA, corporate EVA, and also individual performance EVA. During the fourth quarter of the financial year (FY) 2007/-2008, TCS announced its plans to slash 1.5 percent of the variable component of employee salaries since its EVA targets for the third quarter of FY 2007/-2008 were not met The announcement came as s jolt not only to TCS employees but also to the entire Indian IT industry. The company came in for severe criticism and it was accused of not being transparent with respect to EVA calculation. However, some analysts felt that the pay cuts were a result of the…Hongfujin Precision Industries was one of China’s largest export manufacturers in 2005, having overseas sales of US$14.5 billion. Owned by Foxconn, a huge Taiwanese conglomerate whose customers include Apple, Intel, and Dell. The Hongfujin factory looks like a small city, with clinics, recreational facilities, buses, and 13 restaurants that serve 200,000 employees. There were news reports surfaced in mid-2006 suggesting systematic labor abuses at a factory in China that makes Apple’s product. Workers at Hongfujin were paid as little as US$50 a month to work 15-hour shifts, as well as forced overtime assembling the iPod, according to the reports. Besides, poor living conditions were found for the workers, mostly young women who had migrated from the rural villages to work at the plant and lived in company-owned dormitories. Apple management responded to the news quickly, pledging to audit Hongfujin’s operations to ensure it was complying with Apple’s code on labour standards for…
- Case Study: The barriers to entry are so high in the automotive industry that it is rare to see a new entrant. A notable exception has been Malaysia’s PRGA Motors, the country’s largest maker of commercial vehicles, which about five years ago promised to become a leading carmaker in the fast-growing economies of the developing world. Comparing its ambitious plan to the iconic Volkswagen Beetle and Ford Model T, PRGA launched the Synapse in 2017. Branded a “people’s car,” the Synapse was priced at $2,000 to $2,500. PRGA Motors marketed the stripped-down minicar to first-time automobile customers in rural areas. The goal was to make the Synapse the standard transportation for Malaysian families working their way up to the middle class. The promised launch was so ambitious that PRGA could not realistically meet expectations. Production was postponed for about a year and a half, and then the company determined it couldn’t afford to sell the Synapse profitably at the promised price. The…Case Study: The barriers to entry are so high in the automotive industry that it is rare to see a new entrant. A notable exception has been Malaysia’s PRGA Motors, the country’s largest maker of commercial vehicles, which about five years ago promised to become a leading carmaker in the fast-growing economies of the developing world. Comparing its ambitious plan to the iconic Volkswagen Beetle and Ford Model T, PRGA launched the Synapse in 2017. Branded a “people’s car,” the Synapse was priced at $2,000 to $2,500. PRGA Motors marketed the stripped-down minicar to first-time automobile customers in rural areas. The goal was to make the Synapse the standard transportation for Malaysian families working their way up to the middle class. The promised launch was so ambitious that PRGA could not realistically meet expectations. Production was postponed for about a year and a half, and then the company determined it couldn’t afford to sell the Synapse profitably at the promised price. The…The Case of Marabella University Marabella University offers indigenous, based programmes at various levels including short courses, undergraduate and postgraduate degrees. The university has been in existence for the past fifty years. The business of learning and the business of commercialization are two key aspects of its mission. A feasibility study was recently conducted in its home country, and it was discovered that the country requires a robust sporting program that combines theory and practice. The development of a swimming program was the first pilot project and was constructed in September 2021. The second phase of the project, which must be completed by September 2022, should focus on: New training programmes, and Monetizing the use of the swimming pool to increase the revenue of the university. At the University Campus, a 40 ft. x 50 ft. swimming pool was built. The pool is now an asset of the organization and must be maintained. The program's objectives, which…
- Department of Health contractor for overpriced faceshield and PPE supplies has been able to summarize its total annual fixed costs to as PHP5,000,000 and the total variable cost of production for each set of overpriced faceshield and PPE is PHP2000. A. If IATF agreed that only 5000 units is expected to sell to the government this year, what should the per unit selling be to make a 25% profit this year? B. If foreign sales of 3000 units per year is to be added to the 5000 units government contract above and a % profit is acceptable for this contractor again, what could be the new selling price per unit?give an explanation to the following statements: Comparing proposed projects with the status quo often simplifies the prediction of projects’ impactsCase Study: In May 2011, Microsoft announced it would be purchasing the Luxemburg-based internet communications company Skype in an all-cash deal worth $8.5 billion.The acquisition was the largest in Microsoft’s history. Skype had been purchased by eBay in 2005 for $3.1 billion, but eBay took a $1.4 billion accounting charge in 2007 after the acquisition failed to realize hoped-for synergies. In 2009, eBay sold a 70 percent stake in Skype to a group of investors led by the U.S. private equity firm Silver Lake Partners. The sale to Silver Lake valued Skype at $2.75 billion. Many observers were surprised that only 18 months later Microsoft was prepared to pay $8.5 billion. Microsoft’s stated goal was to integrate Skype’s voice and video communications offerings into Microsoft’s suite of products, in order to bolster sales of those products and make Microsoft more relevant in the age of digital devices, mobile communications, and cloud computing. To finance the acquisition, Microsoft used…