According to <em>Robin Leidner</em>, fast-food restaurants rationalize the process of providing food to customers by developing standardized scripts for employees to use when dealing with customers.
There are many advantages associated with the fact that fast-food chains develop standardized scripts for customer service, as this way, they ensure compliance and quality of processes.
Standardization in fast-food restaurants therefore ensures faster service, mechanization of processes and higher quality in food production, since production and service standards must be followed in any unit of a fast-food chain.
Learn more about standardization here:
brainly.com/question/8189591
Answer:
Today, the Chinese own Armour and the famous Smithfield hams, together with the most quintessential American brand of all: Nathan's Famous hot dogs, with its iconic annual eating contest. ... It remains the largest total acquisition of a U.S. company by the Chinese.
Explanation:
Answer:
1.875 years
Explanation:
The payback period is the period required for a project to repay its initial investments.
Pay back period = initial investments/ initial investments
In this case: Initial investments: $ 1,500,000.00
cash flows :
Year initial invest Accumulated Depreciation
0 ( 1,500,000.00) (1,500,00.00
1 800,000 800,000
2 700,000 700,000/800,00
Payback period = 1 year + 700,000/800,000
= 1.875 years
Answer:
The four levels of managers are:
- entry level managers, e.g. supervisors
- low level managers, e.g. store managers
- middle level managers, e.g. division manager
- upper level managers, e.g. CEO, CFO, COO
The higher the position on the organizational pyramid, the tasks and responsibilities also differ. Entry level managers generally supervise the tasks of entry level workers, e.g. sales clerks.
Low level managers generally have both supervisory and general management functions, e.g. a store manager must make sure that everyone does their job properly, but also must make administrative decisions like hiring, overseeing inventory, etc.
Middle level managers are generally functional managers, meaning that they are in charge of a certain area within the organization, e.g. human resources, finances, marketing, etc.
Upper level managers are responsible for developing the organization's strategies and long term goals, their focus should always be on the big picture and the future of the organization, not just one part of it.
Answer:
Mercer Asbestos should define the Cost Drivers first before introducing the Activity Based Costing System, cost drivers actually help the compnay to measure the cost per unit based on the contribution / impact of eac activity that had direct relation with the cost.
Explanation:
Estimator should define the cost drivers such as labor, factory overhead indicators and which has impact on the performance activity of both routine and non routine works.
Possible cost drivers for the below activities can be;
- Removal of asbestos insulation around heating pipes in older homes. Likely cost drivers can be ( Direct Labor Hours Involved in the activity, Other indirect manpower hours dedicated for the activity)
- Removal of asbestos-contaminated ceiling plaster in industrial buildings. Likely cost drivers can be ( Total covered area where contaminated ceiling plaster is present, Supervisors and other manpower involved in the activity).
Once the drivers have been defined cost/unit based on ABC system will help the decision makers such as Cost Planners to quote the accurate selling price to cover the profit margin.
