Hershfield, Mogilner, and Barnea conclude that "what matters is the valuepeople place on each resource and not necessarily the amount of time ormoney they have (or feel they have)” (par. 47). Perhaps most of us wouldlike to have more of both time and money in our lives — but if you had tosacrifice one of them to get more of the other, which would it be? Why? Ourvalues in theory can differ from the way we live our values in practice, soconsider, as honestly and fairly as you can, how you have handled suchchoices in the recent past. Offer at least two examples, and explain whatthey demonstrate about your values.

The value that people place on time and money is subjective and can vary based on their individual…

Answered: Hershfield, Mogilner, and Barnea…

Management, Loose-Leaf Version

13th Edition

ISBN:9781305969308

Author:Richard L. Daft

Publisher:Richard L. Daft

Chapter7: Planning And Goal Setting

Section: Chapter Questions

Problem 2ED

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(a) If the cost of manufacturing (direct material and direct labor) is 60% of sales and profit is 10% of sales, what would be the improvement in profit if, through better planning and control, the cost of manufacturing was reduced from 60% of sales to 50% of sales? (b) how much would sales have to increase to provide the same increase in profits?
A manufacturing company has the following financial information (in millions of $)Sales $562Cost of goods soldDirect labor 43Purchased materials 267Overhead 35All other costs 142Pretax earnings 75a. What is the profit leverage effect of purchasing in this company?b. What is the percent increase in earnings from a 5 percent savings in purchasing?
. Since we now understand that the acronym VRIO stands for 4 four major parts in a structured approach to competitive advantage; these are Valuable, Rare, Imitable, and organized. All play an integral role in helping us managers understand, identify, and evaluate resources. In your own words, how do you think the VRIO Analysis is used to identify, exploit, and evaluate competitive advantage.?
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Brief Exercises 7-11 through 7-14 involve departmental cost allocation with two service departmentsand two production departments. Use the following information for these four exercises:Brief ExercisesPercentage Service Provided toDepartment Cost S1 S2 P1 P2Service 1 (S1) $ 30,000 0% 30% 35% 35%Service 2 (S2) 20,000 20 0 20 60Production 1 (P1) 100,000Production 2 (P2) 150,0007-13 What is the total cost in P1 and P2 and what is the amount of service department cost allocated to P1and P2 using the step method with S1 going first?
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Which of the following is not true of a resource-based view of a firm? It asserts that a firm's competitive advantages are due to their respective endowment of strategic resources that are valuable, rare, costly to imitate, and costly to substitute. O It does not integrate internal and external perspectives. It includes an internal analysis of phenomengwithin a company, and an external analysis of the industry, and its competitive environment. It does not evaluate a firm's resources in terms of how difficult it would be for a competitor to duplicate them.
Select 2 and complete the VRIO analysis. Say whether you think each of these is Valuable, Rare, Inimitable, and whether an MBA Program can be Organized to Exploit the given resoruce or capabilitiy. And then provide three sentences providing an explanation for your answer. The remaining six resources that you have to choose among are:Location, Funding (Scholarships or Research), Reputation/Brand, Sports teams, Housing, Programming/Classes.
create an Operationalplan for a wind farm (wind turbines that produce electrcity) Your operational plan should include key processes,structures and strategies involved in the transformation ofinputs into outputs. Where possible, a transformationmodel may be used to demonstrate this process. Thebusiness approach to planning and management ofproduce and services may also be included. And descriptions of key personnel and the organisationalstructure, employments agreements, etc.
Suppose SureStep could begin a machinery upgrade and training program to increase its worker productivity. This program would result in the following values of labor hours per pair of shoes over the next four months: 4, 3.9, 3.8, and 3.8. How much would this new program be worth to SureStep, at leastfor this four-month planning horizon with no backlogging? How might you evaluate the program’s worth beyond the next four months?
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I need answer typing clear urjent no chatgpt What is the future value if $1000 is invested for 6years at 8% compounded continuously?

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