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Lubov Fominskaja [6]
3 years ago
15

Read the following scenario. Then in the table below, match each of the activities to the management by objectives step it repre

sents. Management at Work Before any digging takes place on someone's property, it is important that all underground electrical wires, cable wires, water/sewer pipes, and gas mains have been marked. Marking prevents the digger from accidentally encountering these underground hazards. A state has set up a hotline for people to call before they dig. The manager overseeing the hotline knows that if callers are kept on hold for very long, they may hang up and begin excavation without getting their property marked. Therefore, keeping wait times down is important. To achieve this objective by the beginning of the busy summer construction and gardening season, the manager has decided to use management by objectives (MBO). Answer Management by Objectives Step Activity Setting a goal A. A pool of twelve contingent call center workers who work at home will be hired and trained before April 15 These employees can be activated anytime hold times threaten to exceed 90 seconds. Based on data on how long people wait before hanging up, the manager decides the maximum time on hold should be 90 seconds On April 1, the manager sees that nine contingent call center workers have been hired and completed training. On June 30, call center data show 5 percent of calls are on hold for more than 90 seconds On September 30, the manager reports that call center hold times for the summer construction season averaged 42 seconds, with 30 percent of all calls not being put on hold at all but 2 percent of calls exceeding 90 seconds of hold time. The plan is rated mostly successful. Developing an action plan B. Reviewing progress C. Appraising performance D. Grade It Now Save & Continue Continue without saving
Business
1 answer:
Klio2033 [76]3 years ago
5 0

<u>Solution and Explanation:</u>

<u>Setting a Goal = B </u>

Basis the past data and knowledge, 90 seconds is set as target for maximum time to hold .

<u>Developing a Action Plan = A </u>

The contingent call center workers are hired for anytime service and support to ensure hold time is less than 90 seconds .

<u>Reviewing progress = C </u>

In mid of the project, review is done to check how many times hold time exceeded 90 seconds .

<u>Appraising performance = D </u>

It is done at the end post project completion with data and results .

 

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Answer:<em>True cost = \frac{cost of assembly}{1-weighted flotation cost }</em>

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Given :

Debt-Equity ratio = 0.55

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Flotation cost for debt = 3 %

∴ To compute the weighted flotation cost , we'll use the following formula:

Weighted Flotation cost =\left [ \frac{1}{1+Debt-Equity ratio}\times Flotation cost of equity \right ] + \left [ \frac{Debt-Equity ratio}{1+Debt-Equity ratio}\times Flotation cost of debt \right ]

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Total Assets          $3,500,000   $760,000           21.71%

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