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spayn [35]
4 years ago
9

Management at work you are the proud owner of a small vintage clothing store. your store, fantastic 40s, specializes in clothing

from the 1940s. you have four great employees, rebecca, rachel, roberto, and rafael. at first, business was good, but, recently, you have noticed that sales are slipping. puzzled, you turn to your management textbook for some ideas on how to turn things around.

Business
1 answer:
Step2247 [10]4 years ago
3 0

Answer:

You measure sales over time and realize that the months of July, August, and September are particularly slow. As a result, you ask two of your sales clerks if they would be willing to work part-time during those months. <u>Management Science.</u>

Management science refers solving problems and making decisions in a company in order to move it forward. By preferring solutions to the problem of slow sales over some months, you have engaged in management science.

You make sure that when you hire new people, you get input from each of the existing team members. if they're happy with the new hire, they're more likely to make that person part of the team, and the team will sell more. <u>Humanistic Management Theory.</u>

With Humanistic Management, the needs, wants and thoughts of employees are taken into account when making decisions because employees are not viewed as simple assets to the company but as humans who are complex. By finding out what your employees think of a new hire you are engaging in the Humanistic theory.

You notice that when customers have too many choices, they are less likely to make a decision about what to buy, so you tell all of your employees to bring out only three things at one time. In addition, you start to pay your employees a commission for every item they sell. <u>Classical Management theory. </u>

Classical management is based on certain premises such as the needs of employees being either physical or economic as well as profit maximization. By offering commissions as incentives you are appealing to the economic need of your employees. By engaging in practices aimed at getting people to buy more, you are engaging in profit maximization.

A customer survey shows that the men who come into the store would prefer to be left alone while they shop, but the women who come into the store want to be asked if they need assistance. you tell your employees to leave men alone and ask women if they want help. <u>Contingency Theory.</u>

Contingent Theory shows that for each situation in a company, it is best to manage it based on the internal and external factors affecting it. In this case men don't need help but women prefer it. Offer help to women but not to men. You are therefore basing actions on the factors affecting this situation.

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Mila [183]

Answer:

The statement is false

Explanation:

S corporations are pass through corporations, which means income earned is passed to the owners and they are taxed at individual level.

Shareholders of S corporation earns income in the form of wages and distributions. Wages are charged with payroll taxes. S corporation shareholders are not subject to self-employment taxes which is an advantage for them.

Therefore, the statement is false

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4 years ago
Find at least three implicit modelling assumptions or other qualitative factors which are relevant but not covered by the model.
laiz [17]

Answer and Explanation:

For Home Improvement Store (Acme) following are the implicit modelling assumptions or other qualitative factors which are relevant but not covered by the model:

1)Average customer footfall is considered at all times.

2)Seasonal effects are not considered. For example, boost in sales during festival times.

3)Employee absenteeism is not considered. i.e. all employees are expected to be present always.

4)Location is not considered to affect the change in scheduling activity.

5)Wages are considered to be uniform throughout and not affect employee performance.

4 0
3 years ago
A company purchased some large machinery on a deferred payment plan. the contract calls for $40,000 down on january 1 and $40,00
Ilya [14]

The recorded cost of the machinery should be =40,000 (down payment) + 40,000 *4 = 200,000

Since there is no interest payment, the recorded cost of the machinery = $200,000

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4 years ago
You have $25,832.81 in a brokerage account, and you plan to deposit an additional $4,000 at the end of every future year until y
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Answer: 14 years

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The question states that an individual has $25,832.81 in a brokerage account, and plan to deposit an additional $4,000 at the end of every future year until the money in the account totals $210,000 and it's expected to earn 10% annually on the account.

To know the number of years that it'll take to reach the goal, we'll solve this in Excel as:

= =NPER (10%,-4000,-25832.81, 210000).

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Therefore, it'll take 14 years to reach the goal.

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One of the important laws passed by Congress during the Great Recession to combat the rising rate of unemployment was to lengthen the term of unemployment insurance (UI). Prior to the recession, all states save for two offered a maximum of 26 weeks of benefits. However, most states only went as long as 99 weeks during the recession.

The Great Recession is an economic recession that began in the United States as a result of the financial crisis of 2007–2008 and extended fast to other nations. It was the longest and most severe economic Recession to hit several nations, including the United States, since the Great Depression, starting in late 2007 and extending until mid-2009 (1929–c. 1939).

The collapse of the U.S. housing bubble in 2007 marked the start of the financial crisis, which saw a dramatic reduction in liquidity in international financial markets.

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