Indicate whether the following statement is true or false, then support your view. Paying managers a bonus for beating their budget is a great idea that will help the organization achieve its goals and objectives.
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Indicate whether the following statement is true or false, then support your view.
Paying managers a bonus for beating their budget is a great idea that will help the organization achieve its goals and objectives.
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- Imagine your local city council has asked the New York City Department to provide the budget summary at the next town hall. The city council wants to understand how your budget is developed and managed. Write a 700- to 1,050-word summary explaining the agency’s budget strategies and policies and how the agency’s governing policies determine budget administration. Include the following details in your summary: Governing Policies: Governing policies help an organization develop and implement procedures or policies that result in efficient, consistent operations. Summarize the published mission of the agency. Summarize 1–2 governing policies related to the agency’s mission. Explain how the policy/policies support the agency’s mission. Strategic Plan: Organizations use strategic plans to define present and future vision, goals, and objectives. Summarize 2–3 primary goals and objectives outlined in the agency’s strategic plan. Explain how the goals and objectives align with the…You are the IT director at Attaway Airlines, a small regional air carrier. You chair the company’s systems review committee, and you currently are dealing with strong disagreements about two key projects. The marketing manager says it is vital to have a new computerized reservation system that can provide better customer service and reduce operational costs. The vice president of finance is equally adamant that a new accounting system is needed immediately because it will be very expensive to adjust the current system to new federal reporting requirements. The VP outranks the marketing manager, and the VP is your boss. The next meeting, which promises to be a real showdown, is set for 9:00 a.m. tomorrow. How will you prepare for the meeting? What questions and issues should be discussed?You are creating or operating your own business (manufacturing, service company). According to what you have studied in the contemporary management course, you are required to. Prepare the company’s vision, mission and values. Set the main goals the company seeks to achieve. Detail the goals in to objectives and targets. Select one of the target and formulate it a detailed plan to achieve this target.
- TIME FOR THE Ax? The Situation You are the sales manager for a well-established medical equipment company. You've been with the company a long time and, generally, you really enjoy your job. The company's new president is interested in proving herself and has set a goal of 10 percent sales growth per year. Each sales representative has a quota that they are expected to meet. Those who exceed their quota will receive a bonus, and those who fall short of their quota will be fired or placed on probation. The Dilemma Your sales staff have worked really hard over the past year to meet their new quotas. Six of the eight representatives met their quotas and received bonuses. However, two others have fallen below. Jane fell 2 percent short of her quota and you're not surprised. She's not hard working and often leaves work early to play golf. Bill, on the other hand, has been with the company a long time and is widely respected for his work ethic. However, he's struggling to care for his sick…How might an executive’s comments to Wall Street analystsaffect demand forecasts, and what are the consequences ofdoing so?Choose a company that is small to medium sized, is not publicly traded, and does not have an e-commerce presence. Explain the company's products and/or the services they provide. Suggest two beneficial processes (or changes) to the company's operations that will motivate them to integrate e-commerce. Make sure the benefits you selected maps to the benefits mentioned in the readings and outline and in the accounting context.
- If you are the manager of a large retail bank and you find that some customers are of low value to the company and incur high cost to serve, how could you manage this customer group? Discuss the process.The second essential purpose for creating a business plan is to guide the operation of the company by charting its future course and devising a strategy for following it O to attract lenders and investors to file with the Securities and O Exchange Commission before a public stock offering to attract potential managers and employees to run the new ventureReggie is interviewing for a pharmacy technician position. He should be prepared to answer which of the following questions? Choose all that apply. When are you available to start work? Why are you the best person for the job? O Who are our company's major competitors? Have you ever been arrested? How will we have to adjust your schedule to accommodate holidays associated with your religion.
- Think of a business or organization that you would like to work with. Explain how, as a financial manager, you would use financial ratios in daily operations to ensure the success of the organization.How do you plan to use financial statements in your projected financial statement analysis? Provide rationale for your approach.The obligations of an investor-owned company's board of directors in the strategy-making, strategy-executing process include A) taking the lead in developing the company's business model and strategic vision. B) coming up with compelling strategy proposals to debate against those put forward by top management. C) taking the lead in formulating the company's strategic plan but then delegating the task of implementing and executing the strategic plan to the company's CEO and other senior executives. D) overseeing the company's financial accounting and financial reporting practices and setting CEO compensation. E) approving the company's operating strategies, functional-area strategies, business strategy, and overall corporate strategy.