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KonstantinChe [14]
4 years ago
10

For this assignment you will analyze the control systems used by a real organization such a s department, restaurant, hospital,

police department, or small business. Your objective is to uncover all the different ways in which managers monitor and evaluate the performance of all the organization and employees. 1. At what levels does control take place in this organization?
Business
1 answer:
MariettaO [177]4 years ago
6 0

The correct answer to this open question is the following.

Although the question does not specify any particular field or company, we can say the following.

We are going to pick a small business. A local sports apparel shop.

The different ways in which managers monitor and evaluate the performance of all the organization and employees is by let employees know from the very beginning the way they are going to be monitored and evaluated. For instance, in every job description, the manager specifically states the many functions the employee needs to perform daily. Then a series of Key Performance Indicators are developed (KPI´s) so the employee knows what is exécted of it.

For security purposes, there are some surveillance cameras placed in strategic places of the shop, so there could be evidence in the case of an incident.

At the end of the month, management and workers meet to check that goals have been accomplished and set new and challenging goals for the next month.

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Consider the following financial statement for Heir Jordan Corporation. HEIR JORDAN CORPORATION Income Statement Sales $ 48,500
sp2606 [1]

Answer:

HEIR JORDAN CORPORATION

Income Statement

Sales $ 48,500 * 120%....................58,200

Costs 34,500 * 120%........................<u>41,400</u>

Taxable income $ 14,000...............<u>16,800</u>

Taxes (35%) 4,900 ...........................5,880

Net income $ 9,100 ........................<u>10,920</u>

Dividends $ 2,900 ..(31.87%)..........3,480

Former Addition to retained earnings 6,200

New Addition to retained earnings 7,440

Explanation:

Consider the following financial statement for Heir Jordan Corporation.

HEIR JORDAN CORPORATION

Income Statement

Sales $ 48,500 * 120%....................58,200

Costs 34,500 * 120%........................<u>41,400</u>

Taxable income $ 14,000...............<u>16,800</u>

Taxes (35%) 4,900 ...........................5,880

Net income $ 9,100 ........................<u>10,920</u>

Dividends $ 2,900 ..(31.87%)..........3,480

Former Addition to retained earnings 6,200

New Addition to retained earnings 7,440

Pay out ratio is 31.87% of Net income which is derived by Dividends/Net Income

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Karen and Anika, the owners of a new personal assistant firm called Assist You 2, are interested in offering their services in a
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The first thing Karen and Anika should do is to understand the position of competitors by using the positioning process.

<h3>What is positioning?</h3>

The process of positioning refers to the establishment of a business and its products in the market by creating awareness about it. This product positioning helps to create an image of the products among customers.

This product positioning helps the consumers to compare the product with competitors and identify the product with brand value. It also helps to recognize our products with similar products available in the market.

Therefore, Karen and Anika need to understand the position of their competitors if they wanted to provide their services in a market that has already startups and firms.

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Explanation:

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