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Vadim26 [7]
3 years ago
5

Frederic Taylor applied the scientific method to management. In many cases, this meant measuring a process to determine its opti

mal possible output. From your own work experience, discuss a time you have seen measurements used to manage a process. Examples might include allowing a certain amount of time for a phone call or a project deadline. Do you believe the results were optimal, based on the measurement used?
Business
1 answer:
prisoha [69]3 years ago
3 0

Answer:

I have observed the training process for the job related to the marketing of cosmetics products at the point of sale. The girls were trained in a very precise manner, where the <em>key takeaways</em> were:

<u>- The sales pitch of a particular skin cream should not take more than two minutes per customer. </u>

<u>- A customer should be shown more than five products of the range.</u>

This was the measured guideline proposed by the manager, according to previous experience.

If the sales girls managed to keep each particular sales pitch shorter than two minutes, they would obviously cover more customers. Also, when presenting more than five products to a potential customers, the customer would have a bigger choice to choose from when deciding to buy.

Having in mind the <em>rewards </em>and the absence of rewards, the manager decreased the salary for each sales girl who broke the pitch duration limit, or showed less than five products for more than 7 times a day. Accordingly, the manager gave them a bonus for a day when they managed all customers in the proposed manner.

Although this kind of measurement and productivity has substantial rationale (bigger customer coverage and better product exposition), I think that the strict propositions do not result in the optimal output all of the times.

For example, some customers naturally need more time for the pitch process if they want to thoroughly educate themselves about the product benefits and usage. In that case, more time invested in the pitch isn't necessarily a loss, as those customers can still buy lots of products.

Similarly, if a customer is well prepared and knowledgeable about the skin care range's scope of products, there is no need to show them the proposed, fixed amount of products, as it is probably enough to just pinpoint the benefits of 1-2 products concerning a specific skin care problem.

To sum up, I think that this kind of strictly quantitative, scientific approach to management can be highly irrelevant in some areas of modern business. After all, this approach originated during the time of great industrialization and was mainly used directly in facilities and plants, assessing the production. Having that in mind, it probably does not reflect the productivity of other business segments, such as marketing-intensive processes.

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Scrumptious Snacks Inc. manufactures three types of snack foods: tortilla chips, potato chips, and pretzels. The company has bud
beks73 [17]

Answer:

Results are below.

Explanation:

<u>First, we need to calculate the number of processing hours:</u>

Processing hours= (0.25*3,000) + (0.1*6,000) + (0.3*3,500)

Processing hours= 750 + 600 + 1,050

Processing hours= 2,400

<u>Now, we can calculate the predetermined overhead rate:</u>

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Predetermined manufacturing overhead rate= 207,000 / 2,400

Predetermined manufacturing overhead rate=$86.25 per processing hour

<u>To allocate overhead, we need to use the following formula:</u>

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Tortilla chips= 86.25*75= 64,687.5

Potato chips= 600*86.25= 51,750

Pretzels= 86.25*1,050= 90,562.5

<u>Finally, the unitary cost:</u>

Tortilla chips= 64,687.5 / 3,000= $21.56

Potato chips= 51,750 / 6,000= $8.63

Pretzels= 90,562.5 / 3,500= $25.88

8 0
3 years ago
Jenny's Corporation manufactured 25,000 grooming kits for horses during March. The fixed-overhead cost-allocation rate is $20.00
elena-s [515]

Answer:

The flexible-budget amount is $120,000

Explanation:

The flexible-budget amount is the same lump sum as the static budget.

Therefore, The flexible-budget amount is $120,000.

5 0
3 years ago
Pepsi has a strong brand equity. Over the years, Pepsi has introduced Vanilla Pepsi, Lemon Pepsi, Pepsi One, Pepsi Blue, and Pep
antoniya [11.8K]

Answer: These expansions of the Pepsi brand are termed: <u>"(D) Line Extensions".</u>

Explanation: The extension of the line is the creation of a new product with two fundamental characteristics: First, the product belongs to the same category in which the brand was already entering. Second, the organization continues to use the same brand that it traditionally used in that category.

4 0
3 years ago
2700 thousand bonds with a face value of $1000 each, are sold at 106. The entry to record the issuance is
IceJOKER [234]

Date, bonds sold at a premium

Dr Cash $28620000000

   Cr Bonds payable $2,700,000,000

   Cr Premium on bonds payable $1,62,000,000

Explanation:

The total face value of the bonds is $1,000 x 2700,000 bonds = $2,700,000,000

since the bonds were sold at 106, their price was =

$2,700,000,000 x 106% = $28620000000

the difference between the face value and the actual market price = $2,862,000,000 - $2,700,000,000 = $1,62,000,000 must be recorded as premium on bonds payable (increases the bonds' carrying value)

<h3>What is the difference between market value and face value?</h3>
  • The market value is the actual price at which the security trades on the open market, as well as the price that fluctuates when the yield reacts to changes in interest rates.
  • The face value is determined by the issuing company. It may be the value at which the firm redeems the shares at some point in the future, but there is no guarantee.

Learn more about date and the interest expense:

brainly.com/question/20038664

#SPJ4

7 0
2 years ago
Which statement describes the effect of taxes on a traditional 401(k) retirement account?
worty [1.4K]

Answer:

A traditional 401(k) is tax deferred because the income earned isn't taxed until the money is withdrawn.

Explanation:

A 401 k is a qualified tax-advantaged saving retirement plan. Usually, 401K  plans are employer-sponsored. Employee contributions to the 401 k plans are deducted from the payroll before taxes are calculated. It means the employee contribution is not taxed at the time it's withheld by the employer.

The amounts saved are invested in market securities such as shares and bonds. The tax due from earning from the investment is deferred to the time of withdrawal. The employee is not required to pay taxes on contributions and investments earning every financial year.

3 0
2 years ago
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