What are some strategic, planning and operational decisions that must be made by a fast food restaurant such as McDonalds.
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What are some strategic, planning and operational decisions that must be made by a fast food restaurant such as McDonalds.
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- When decisions made regarding the day to day running of the company and its plans, this approach is known as?What is/are the importance of cost information in making decisions in the business operations?Please solve this. Mega Empire Bhd. is in the inital stages of preparing the annual budget for next year. Danial, has recently joined the company as management accountant and is interested to learn as much as possible about the company’s budgeting process. After the recent meeting with the Sales Manager who is Zack and Aaron as the Production Manager, Danial initiated the following conversation. Danial: Since I am new around here and I am going to be involved with the preparation of the annual budget. I’d be interested to learn how the two of you estimate sales and production numbers. Zack: We start out very methodically by looking at recent history, discussing what we know about current accounts, potential customers, and the general state of consumer spending. Then we add the usual dose of intuition to come up with the best forecast we can. Aaron: I usually take the sales projections as a basis for my projections. Of course we have to make estimate of what this year’s ending…
- Why is an organization that employs centralized processing likely to have a difference management decision making philosophy than an organization that employ distributed processing?An objective, logical, systematic approach for making major decisions in an organization is a way to describe the strategic-management process Select one: True FalseWhat kinds of applications are described here? What business functions do they support? How do they improve operational efficiency and decision making?
- After finishing your Bachelor of Accounting, you joined a multinational enterprise in 2007. During the last thirteen years in a multinational enterprise, you have performed various roles, including: Evaluating the systems development methodologies and the role of accountants in system development projects, and Appraising the risks inherent in the Enterprise Resource Planning and analysing the role of ethics and the various internal control processes that need to be in place. Recently, you joined a mid-size company for a senior role as a chief information officer. You are excited to perform this senior role. Mark (the head of your organisation) has decided to implement an Enterprise Resource Planning (ERP) system. Recently, Mark has met with a consulting ERP firm based on a friend's recommendation at his club. During a recent meeting, Mark introduced the chief consultant, charming, personable, and seemed very knowledgeable. The CEO's first instinct was to sign a contract with the…Could you explain the below answer in short?Sock code- BAP Company name: Bapcor LTD Business description This section should include a brief description of the company. It should detail the company’s products and markets and should also provide a clear understanding of the company’s operations and its key drivers of revenues and expenses. write dot points form
- Information is very important for an aviation company to plan their operations effectively. Discuss how a planner in the organization acquire data through secondary and primary means??Suppose that your boss, Tony Hu, who is the operations manager of your company, sends you an email asking for your input on holding joint planning sessions with people from marketing and finance. A portion of that email follows: Gail in Marketing and Jim in Finance have been bugging me lately about holding joint meetings. They’re real gung-ho on this. But I’m a little concerned about agreeing to it. I don’t want them to get the impression that they can come in here and tell us what to do. They don’t really understand what it is we do or the kinds of problems we have. I’m sure they think we aren’t doing as well as we could, but that’s not any of their concern. I don’t know why they just don’t concentrate on what they do, and leave operations to us. Compose an email that summarizes the potential benefits of holding joint planning meetings with Marketing and Finance.List some possible types of organization data that you might find in your own organization or college that could be used in planning an OD program.