L1 Tutorial Questions

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AYB202 TUTORIAL 1: QUESTIONS Question 1: Classify the following reports as internal or external. Internal External Operating budget Credit reports Financial statements Capital budget Tax returns Analysis of product mix Question 2: Suppose the following activities are conducted by Microsoft . Determine whether each activity is most likely part of the firms: (A) Organisational strategy, (B) Operating plan, (C) Actual operations, (D) Measuring, monitoring and motivating activities. (A) Org. strategy (B) Operating Plan (C) Actual operations (D) Measuring, monitoring, motivating Comparing the timeliness of development steps of a new release of Windows with the timeline that was laid out to guide development. Developing a timeline for the release of new Windows and Microsoft Office products over the next year. Debugging the next version of Windows. Providing technical support to customers who are having problems with Microsoft Office. Estimating cash expenditures for the next year. Comparing budgeted costs to actual costs and discussing major differences with department managers. (AKA variance analysis) Deciding whether to construct a new building on the Microsoft site

AYB202 TUTORIAL 1: QUESTIONS Question 3: WOOF-YUM is a manufacturing company that produces and sells dog food. Match each business activity listed with the element of the value chain that best describes it. Activity Segment of Value Chain Advertising products to consumers Marketing Combining material, labour and overhead to produce dog food Production Responding to internet enquiries for new flavours. Customer service Enforcing time and quality standards for raw material suppliers Design of outputs and processes Investigating ways to develop a range of cat food Research and development Selecting retailers to sell dog food to end consumers Distribution Determine whether each of the following activities is likely to be value-added or non-value- added for WOOF_YUM and explain your choice. Activity Value adding or Non-value adding? Inspection activities Non-Value adding Moving materials Non-value adding or value adding (if part of the just in time system- based on demand- having the inventory at minimum level- when order is taken – then ordered from the supplier- producing in conjunction with customer orders) Packing to fill a customer order Value adding Repacking an order that was incorrect Non-value adding Product design initiatives Value adding

AYB202 TUTORIAL 1: QUESTIONS Question 4: Class Discussion Maria and Tracey became good friends while working at the same entity. Two years ago, they both decided to increase their savings so that they could eventually purchase homes. Each began by putting a portion of each month's salary into a savings account. At the end of the first year, they had each accumulated $4000. Because their savings accounts paid a very small interest rate, they decided to invest the savings to earn a higher rate of return. Maria and Tracey both hoped to save enough money to buy homes within five years. Maria decided to take an investment course offered through the entity. The course taught her about different types of investments and strategies for investing. She then purchased and read an investment book to learn more. Maria learned that some investments are riskier than others, and that investors must balance risk against desired return. Higher risk leads to higher returns on average; but, higher risk could also lead to low returns or even loss. She also learned that investment advisers recommend diversifying risky investments. One way to diversify is to invest in mutual funds, which invest in many different organisations. Maria decided that she was willing to assume some risk, but was not comfortable with a high level. She decided to invest her $4,000 in a share market mutual fund. She read consumer reports to learn about different mutual funds, and selected a fund that invests conservatively in fairly stable companies. However, the share market did not do well in the first year. The value of her mutual fund at the end of a year was $4050. Tracey talked with her boyfriend and other friends about how they invest. Her boyfriend’s cousin recommended investing in a start-up company that sells video games. He told her that the games were very popular with teenagers and that the company would probably be acquired, resulting in big gains for investors. This opportunity sounded good to Tracey, so she decided to invest her entire $4000 in the company’s shares. After 10 months, she was excited to learn that the company was being acquired. She received shares in the acquiring company in exchange for her original shares. At the end of the year, the market value of her shares was $8200. In groups, discuss and evaluate the quality of the investment decisions made by Maria and Tracey. In your discussion consider the following:  What information was used by Maria in making her investment decision. o A course on investment, investment books, consumer reports on mutual funds  What information was used by Tracey in making her investment decision. o An opinion of the people around her  Did Maria appear to use high-quality information? o Information used by Maria is certain, both the course and the book has provided her with basics (certain) information, the information is relevant as it helps her decide where to invest, the information is timely and valuable as it informs her of the risk. Yes, high- quality information.  Did Tracey appear to use high-quality information? o Tracy used information that was not certain as it was people’s opinions (‘probably’), the information was relevant as it informed where to invest, the information was complete as she was told why to invest.

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AYB202 TUTORIAL 1: QUESTIONS  Describe Maria’s decision-making process. What did she do to explore her options? Did she appear to be biased? What were her priorities? How did she reach a conclusion? o She was thorough by reading and exploring different sources: courses, books, consumer reports. It was unbiased as she simply made it based on the basics. She prioritised a low risk option and hence found the best mutual fund to invest in through reading consumer reports.  Describe Tracey’s decision-making process. What did she do to explore her options? Did she appear to be biased? What were her priorities? How did she reach a conclusion? o She asked her boyfriends and friends. These appeared to be biased as they were based on the interests on who she was asking. She wanted to invest her money and did not necessarily care about the riskiness of her decision.  Did Maria appear to use a high-quality decision-making process? o Maria was thorough with how she explored her options, she was unbiased, focused and strategic by wanting to diversify her investments.  Did Tracey appear to use a high-quality decision-making process? o No, Tracey was biased and relied on one persons opinion of the company. She was not strategic as she invested the whole sum of her saving into one thing (not diversifying further increasing risk).

AYB202 TUTORIAL 1: QUESTIONS Additional questions: In your own time, complete the following questions from the text: Eldenburg et al., 4 th edition 1.1, 1.2, 1.7, 1.9 Solutions are provided on BB.

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