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slavikrds [6]
3 years ago
15

Jennifer couldn't believe her bad luck. The business-planning cycle at Allworld Insurance was almost over. The only thing her bo

ss had asked her to do was to make copies of four sets of final plans. Each set contained a different level of planning and each was supposed to be delivered to a different manager for review. But now those documents are all over the floor. Everyrhing has to be back in the right order as quickly as possible. Knowing that you are a planning expert, Jennifer asks for your help. She tells you that Allworld Insurance uses an aligned, or cascading, goal system. You can expect to see each set of plans flow in a logical way throughout the company.
Complete the table and help Jennifer by selecting the correct types of plans that match the given statements.
1) We are known for our operating efficiency and for reducing insurance costs for our customers.
(A) Operational.
(B) Strategic.
(C) Tactical.
(D) Mission statement.
2) The Human Resource Division will reduce the overall cost of fullfilling employment requisitions by eliminating the use of outside recruiting agencies.
(A) Strategic.
(B) Mission Statement.
(C) Tactical.
(D) Operational.
3) We will eliminate redundencies throughout the corporation to decrease our overall expenses by 20%.
(A) Mission Statement.
(B) Operational.
(C) Strategic.
(D) Tactical.
4) Each human resource employee will use advertisements and personal networking to attract at least 10 qualified applicants per open position.
(A) Operational.
(B) Mission statement.
(C) Strategic.
(D) Tactical.
Identify the problem with each of the following goals.
1) To increase Ford SUV sales in Dubai by 300%.
(A) Not specific.
(B) Not measurable.
(C) Not result-oriented.
(D) Not time-bound
2) To sell 2% more air conditioners and 5% more refrigerators in 2014.
(A) Not specific.
(B) Not measurable.
(C) Not result-oriented.
(D) Not time-bound.
Business
1 answer:
Natalija [7]3 years ago
4 0

Answer:

Explanation:

Strategic plans: They are those who seek to fulfill the company's wishes in the long term. They are usually described in a general way and are executed through tactical plans.

Tactical plans: They are those who take the strategic plans and turn them into specific activities for their execution and development.

Operational plans: Operational plans are all those that seek to create the mechanisms to plan and fulfill tactical plans.

Mission Statement: is the set of general objectives and principles of work to grow the company.

According to this definitions the answers are:

1) (D)Mission statement.

2) (A)Strategic.

3) (D)Tactical.

4) (A)Operational.

Goals questions:

1) (D) The statement does not specifies the time limit to accomplish the goal.

2) (A) Information regarding the type of air conditioners and refrigerators to be sold and the place where the goal is set is missing.

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bulgar [2K]

Answer:

$ 120.60

Explanation:

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income - expense = profit

125 - 4.40 = 120.60 profit

5 0
2 years ago
Senate Inc. is considering two alternative methods for producing playing cards. Method 1 involves using a machine with a fixed c
photoshop1234 [79]

Answer:

24,000 units

Explanation:

We know,

According to the contribution margin approach,

Operating Income (EBIT) = Sales - Variable cost - Fixed cost

or, EBIT = (Price x Quantity) - (Quantity x VC per unit) - Fixed cost

As there are two methods,

Method 1, Variable cost = $1.00/unit, Fixed cost = $17,000

Method 2, Variable cost = $1.50/unit, Fixed cost = $5,000

According to the Question, as both methods will yield same EBIT at the same output levels,

Method 1 EBIT = Method 2 EBIT

or,  (Price x Quantity) - (Quantity x $1.00) - 17,000 = (Price x Quantity) - (Quantity x $1.50) - $5,000

or, (Quantity x $1.50) - (Quantity x $1.00) = $(17,000 - 5,000) [Deducted (price x quantity from both the sides]

or, $0.50 x Quantity = $12,000

or, Quantity = $12,000/$0.50

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4 0
3 years ago
Indicate the accounts, amounts, and direction of the effects on the accounting equation under the accrual basis.
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Answer:

Find the answers in the excel file attached.

Explanation:

The impact of the accounting equation has been shown as well.

Download xlsx
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Along any downward sloping straight-line demand curve: Group of answer choices both the price elasticity and slope are constant.
vitfil [10]

Answer:

the price elasticity varies, but the slope is constant

Explanation:

The demand curve is a curve that shows the relationship between price and quantity demanded. The demand curve is negatively sloped because the higher the price, the lower the quantity demanded. This is in line with the law of demand.

According to the law of demand, the higher the price, the lower the quantity demanded and the lower the price, the higher the quantity demanded.

At the midpoint of the demand curve, demand is usually unit elastic. Above the midpoint of the demand curve, demand is elastic and blow the midpoint, demand is inelastic

Price elasticity of demand measures the responsiveness of quantity demanded to changes in price of the good.

Price elasticity of demand = percentage change in quantity demanded / percentage change in price  

Price elasticity of demand = midpoint change in quantity demanded / midpoint change in price  

If the absolute value of price elasticity is greater than one, it means demand is elastic. Elastic demand means that quantity demanded is sensitive to price changes.  

Demand is inelastic if a small change in price has little or no effect on quantity demanded. The absolute value of elasticity would be less than one

Demand is unit elastic if a small change in price has an equal and proportionate effect on quantity demanded.  

Infinitely elastic demand is perfectly elastic demand. Demand falls to zero when price increases  

Perfectly inelastic demand is demand where there is no change in the quantity demanded regardless of changes in price.

8 0
3 years ago
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