Organizational Behavior
OER 2019 Edition
ISBN: 9781947172715
Author: OpenStax
Publisher: OpenStax College
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Textbook Question
Chapter 15.2, Problem 1CC
What factors within the economic environment affect businesses?
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L.L. Bean operates two factories that produce its popular Bean boots (also known as "duck boots") in its home state of Maine. Since L.L. Bean prides itself on manufacturing its boots in Maine and not outsourcing, backorders for its boots can be high. In 2014, L.L. Bean sold about 450,000 pairs of the boots. At one point during 2014, it had a backorder level of about 100,000 pairs of boots. L.L. Bean can manufacture about 2,200 pairs of its duck boots each day with its factories running 24/7.
Question:
L.L. Bean operates two factories that produce its popular Bean boots (also known as "duck boots") in its home state of Maine. Since L.L. Bean prides itself on manufacturing its boots in Maine and not outsourcing, backorders for its boots can be high. In 2014, L.L. Bean sold about 450,000 pairs of the boots. At one point during 2014, it had a backorder level of about 100,000 pairs of boots. L.L. Bean can manufacture about 2,200 pairs of its duck boots each day with its factories running 24/7.
In 2015, L.L. Bean expects to sell more than 500,000 pairs of its duck boots. As of late November 2015, the backorder quantity for Bean Boots was estimated to be about 50,000 pairs.
Question:
1. Assume there is a 7% sales tax rate in Ohio, where the customer who ordered the boots is located. The sales tax on the order would be $7.63, which L.L. Bean adds to the invoice total. Is the $7.63 added to L.L. Bean's sales revenue? Why or why not?
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Chapter 15 Solutions
Organizational Behavior
Ch. 15.1 - Define the components of the internal and the...Ch. 15.1 - What factors within the economic environment...Ch. 15.1 - Why do demographic shifts and technological...Ch. 15.2 - What factors within the economic environment...Ch. 15.2 - Why do change and shifts and technological...Ch. 15.3 - Why does the matrix structure have a dual chain of...Ch. 15.3 - How does a matrix structure increase power...Ch. 15.3 - What are advantages of a formal committee...Ch. 15.4 - Identify the six major organizational structures.Ch. 15.4 - Explain the McKinsey 7-S model.
Ch. 15.5 - How can employee diversity give a company a...Ch. 15.5 - Explain the concept of hiring for fit as it...Ch. 15.5 - What are some organizational issues that must be...Ch. 15 - Explain how several current environmental forces...Ch. 15 - What are ways to classify and describe how...Ch. 15 - What are a few industries and/or organizations...Ch. 15 - What are some major differences between organic...Ch. 15 - Which organization would you work best in, an...Ch. 15 - What are some advantages and disadvantages of...Ch. 15 - Do you think its true that every organization has...Ch. 15 - Why have functional structures been criticized for...Ch. 15 - What are some advantages and disadvantages of...Ch. 15 - How is a product structure one type of a...Ch. 15 - What are some disadvantages in working in a matrix...Ch. 15 - What advantages do matrix structures have compared...Ch. 15 - What advantages do geographic structures have...Ch. 15 - What are issues that working in a networked team...Ch. 15 - In what ways is a virtual organizations and...Ch. 15 - What major trends discussed at the end of this...Ch. 15 - What purposes does an organizations culture serve...Ch. 15 - How does Exhibit 15.16 facilitate an understanding...Ch. 15 - What happened at Wells Fargo with regard to past...Ch. 15 - What internal dimensions of the company were part...Ch. 15 - How might the organizational structure of the...Ch. 15 - Identify and use relevant concepts from this...Ch. 15 - Suggest some solution paths the company might...
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- Calculate the net incomearrow_forwardL.L. Bean operates two factories that produce its popular Bean boots (also known as "duck boots") in its home state of Maine. Since L.L. Bean prides itself on manufacturing its boots in Maine and not outsourcing, backorders for its boots can be high. In 2014, L.L. Bean sold about 450,000 pairs of the boots. At one point during 2014, it had a backorder level of about 100,000 pairs of boots. L.L. Bean can manufacture about 2,200 pairs of its duck boots each day with its factories running 24/7. In 2015, L.L. Bean expects to sell more than 500,000 pairs of its duck boots. As of late November 2015, the backorder quantity for Bean Boots was estimated to be about 50,000 pairs. Question:arrow_forwardThe standard rate per direct labor hour shouldarrow_forward
- L.L. Bean operates two factories that produce its popular Bean boots (also known as "duck boots") in its home state of Maine. Since L.L. Bean prides itself on manufacturing its boots in Maine and not outsourcing, backorders for its boots can be high. In 2014, L.L. Bean sold about 450,000 pairs of the boots. At one point during 2014, it had a backorder level of about 100,000 pairs of boots. L.L. Bean can manufacture about 2,200 pairs of its duck boots each day with its factories running 24/7. In 2015, L.L. Bean expects to sell more than 500,000 pairs of its duck boots. As of late November 2015, the backorder quantity for Bean Boots was estimated to be about 50,000 pairs. Question: 1. Assume that 5% of the L.L. Bean boots are returned by customers for various reasons. L. Bean has a 100% refund policy for returns, no matter what the reason. What would the journal entry be to accrue L.L. Bean's sales returns for this one pair of boots? (Note: L.L. Bean most likely will make…arrow_forwardDggggggheerfarrow_forwardanswerarrow_forward
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