1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
soldi70 [24.7K]
3 years ago
11

A florist who has been in business for several years finds himself facing several problems simultaneously. First, he has a large

order for a wedding in three days and just found out that, due to an unexpected frost, the tulips the bride was adamant had to be in the bouquets are not going to be available. Second, his top employee has informed him that she has to schedule a surgery in two weeks and has to take the following six weeks off. Then he heard a rumor that the building where he rents his shop is for sale, meaning he may have a new landlord and higher rent. Finally, the largest refrigerator in his store is making funny noises, and he suspects it will soon stop working. If this happens, he may lose inventory. Prioritize the problems described by putting the most immediate problem first and the least pressing last. Explain the order you chose. Then suggest actions that could be taken to address the problems.
Business
1 answer:
IRISSAK [1]3 years ago
4 0
Problems mentioned in order of priority:

1. Refrigerator making noise - I would make this a priority since this is the easiest to solve and it will prevent future and bigger problem. Scheduling for an appointment for a technician is as easy as a phone call and this is the first thing that I would do. Choose the soonest possible appointment to have the refrigerator checked and ensure it's working quality.

2. Large order for wedding in 3 days and tulips for bouquet is unavailable due to frost - This is the second problem that I will try to resolve since it is time sensitive and would help with the shops sales and reputation. I would check for tulips alternative first before calling the customer. Once I have a list of good alternatives for the tulips, a phone call should be in place to inform them of the situation. Ask or suggest an acceptable alternative to tulips and settle the number of orders. Ensure that the orders are feasible to be delivered fresh on the exact date and time that they need it to and negotiate if necessary if they have a request that cannot be provided in time.

3. Employee needs the next 6 weeks off for a surgery happening in 2 weeks time. This is not a priority since the large order is happening in 3 days, which means that the top employee would still be available for work. Documentations for the leave should be processed and approved as it is a medical leave provided that necessary proofs or medical certificates are given. If there is an expected peak season during the time that the top employee would be on leave, a seasonal worker can be hired to help with man power. But if there is no expected increase or bulk orders in the coming weeks, no change is necessary. 

4. Lastly, the rumors that the building will be sold. - This is the least important and least to be prioritized as  it is only a rumor. It may affect the business if it happens so once the large order is settled, there is no harm in trying to verify this rumor. I would check it with the building administration first to see if they can confirm what's going to happen with the building. If it is confirmed to be sold to a new owner with a possibility of rent increase, it is the time to consider planning for alternatives. An example is to scout for other possible store locations, to come up with accounting reviews to see how an increase in the rent would affect the total profit of the store or come up with plans to increase the profit if needed. But, until any of the said rumor is proven to be true, there is no necessary action that needs to be taken.
You might be interested in
3. An investor shorts 100 shares when the share price is $20 and closes out the position six months later when the share price i
solniwko [45]

Answer:

$160

Explanation:

Calculation to determine How much does the investor gain or lose

Investor gain =[($20-$18.2)*100 Shares]- ($0.2*100 shares)

Investor gain=($1.8*100 shares)-($0.2*100 shares)

Investor gain=$180-$20

Investor gain=$160

Therefore The amount that the investor gain is $160

7 0
3 years ago
A perfect hedge (full coverage) on translation exposure can usually be achieved when which of the following occurs? a. Using a f
attashe74 [19]

Answer:

e). None of the above, because a perfect hedge does not exist

A perfect hedge is nearly impossible

Explanation:

A perfect hedge is a position undertaken by an investor that would eliminate the risk of an existing position, or a position that eliminates all market risk from a portfolio. In order to be a perfect hedge, a position would need to have a 100% inverse correlation to the initial position.

At the time of taking an opposite position in Derivatives Market, Perfect Hedge would mean covering the risk involved in the Cash Market Position completely, i.e. 100%. 2. Imperfect Hedge: When the position in the cash market is not completely hedged or not hedged to 100%, then such a hedge is called Imperfect Hedge.

6 0
3 years ago
A company allowed its employees to take a half hour lunch break. However, the break was uncompensated, and the employees were no
hoa [83]

Answer:

FLSA rules establish that only short coffee breaks (between 5 to 20 minutes) should be compensated as work time. Meal periods that last at least 30 minutes are not compensable work time.

If maintenance workers are recalled earlier, that time counts as work time because they are performing their normal work tasks.  

8 0
3 years ago
What will happen to return on investment (ROI) if current assets decrease while everything else remains the same (assume the cur
swat32

Answer: There would be an increase on return on investment (ROI) if current assets decrease while everything else remains the same

Explanation: This is because when the profit(returns) is constant, but the assets drops in value, the new ROI will be relative drop in value of asset.

5 0
3 years ago
What are<br>the<br>four factors of prodution​
Dominik [7]
I don’t remember that question
5 0
2 years ago
Other questions:
  • The price of coffee rose sharply last month, while the quantity sold remained the same. five people suggest various explanations
    10·2 answers
  • The BCG has given specific names and descriptions to the four resulting quadrants in its growth-share matrix based on the amount
    5·1 answer
  • San Ruiz Interiors provides design services to residential and commercial clients. The residential services produce a contributi
    12·1 answer
  • The following descriptions illustrate several mistakes that decision makers might have made as they were deciding how to rebuild
    10·1 answer
  • URGENT!!!
    10·1 answer
  • Average fixed costs a. are defined as the change in total costs divided by the change in output. b. will always increase as outp
    15·1 answer
  • Describe China’s strategy in Africa.
    5·1 answer
  • Pedro, an administrative manager at Seal Inc., is asked to purchase 100 printers for the firm's office. He contacts a sales repr
    5·1 answer
  • All of the following are permitted investments in individual retirement accounts except: _______
    10·1 answer
  • What is the problem the manager faces? who is the decision maker? what is the decision setting or context, and how does it influ
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!