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Neko [114]
3 years ago
7

Assume that you have the following decision-making options: (1) make the decision on your own with available information, (2) co

nsult others before making a decision, and (3) call a meeting and reach a consensus, seeking to arrive at a final decision everyone can agree on. Which approach would you use to make each of the following decisions and why?
You are the leader of a new product development project. Your team has worked hard on developing a third-generation product that incorporates new technology and meets customer demands. The project is roughly 50 per- cent complete. You have just received a report from the marketing depart- ment detailing a similar product that is about to be released by a competitor. The product appears to utilize radical new design principles that expand the functionality of the product. This poses a serious threat to the success of your project. Top management is considering canceling your project and starting over again. They want you to make a recommendation.
Business
1 answer:
raketka [301]3 years ago
3 0

Answer:

(2) consult others before making a decision.

Before I make a recommendation, I will consult my team members.  Individually, some may have new ideas and modifications which we can incorporate into the project to even beat the competition and cause management to continue supporting the project.

Explanation:

Even though our competitor's "product appears to utilize radical new design principles that expand the functionality of the product," we can still modify our product.  This will not only incorporate the features of our competitor's product, but also further introduce new features that will emanate from the challenge from competition.

This is where the SCRUM framework becomes important.  This framework for project management emphasizes teamwork, accountability, and iterative progress toward a well-defined goal, while allowing for tweaks.

Developing this project based on this framework must have made it possible for us to receive the report from the marketing department in the first place.  The principles of Scrum are Openness, Respect, Courage, Commitment, and Focus.  So, the best we can do will be to prioritize, come up with new improvement ideas, and convince top management not to cancel the project.

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The following information is provided for Sacks Company before closing entries. Cash $ 12,000 Supplies 4,500 Prepaid rent 2,000
RideAnS [48]

Answer:

b. $78,500

Explanation:

Assets

Equipment                       $65,000

Cash                                 $12,000

Supplies                           $4,500

Prepaid rent                     <u>$2,000</u>

Total Assets                     <u>$83,500</u>

Equity and Liabilities

Common stock                $68,000

Retained earnings           <u>$10,500</u>

Total Equity                      $78,500

Accounts payable            <u>$5,000</u>

Total Equity and Liability <u>$83,500</u>

*<u>Working</u>

Net Profit = Service revenue - Salaries Expenses - Miscellaneous expenses

Net Profit = $30,000 - $4,500 - $20,000 = $5,500

Total retained Earning = $8,000 + $5,500 - $3,000 = $10,500

5 0
3 years ago
Some organizational factors increase a project's likelihood of success. identify these "facilitators" for the green project.
Westkost [7]

The facilitators for the Green Project are the following:

1. The CIO, Brian Smith, since the Green Project is under him.

2. The PM of the Green Project, Werner McCann

3. The Usability Expert, Linda Perkins.

These persons are the ones who will facilitate the Green Project.

3 0
3 years ago
Your portfolio has three asset classes. U.S. government​ T-bills account for 47​% of the​ portfolio, large-company stocks consti
Katena32 [7]

Answer:

Expected return of the​ portfolio = 8.57%

Explanation:

The expected return of the portfolio is the weighted average return of all assets in that portfolio, which is calculated as below:

The expected return of the portfolio = (Weight of U.S. government​ T-bills x Return of U.S. government​ T-bills) + (Weight of large-company stocks x Return of large-company stocks) +  (Weight of small-company stocks x Return of small-company stocks)

= 47% x 4.08% + 38% x 11.38% + 15% x 15.53% = 8.57%

3 0
3 years ago
Read 2 more answers
The Dark Chocolate Division of Yummy Snacks, Inc. had the following operating results last year: Sales (150,000 pounds of chocol
Zanzabum

Answer:

the amount per pound of chocolate that should be charged is $0.40 per pound

Explanation:

The computation of the amount per pound that should be charged is shown below:

= Sales revenue ÷ units

= $60,000 ÷ 150,000 units

= $0.40

Hence, the amount per pound of chocolate that should be charged is $0.40 per pound

We simply applied the above formula so that the correct amount could come by dividing the units from the sales revenue

6 0
3 years ago
At the end of the 2020 fiscal year the General Fund had $500 in encumbrances that remained opened into fiscal year 2021. In 2021
Nata [24]

Answer:

B) $20

Explanation:

Calculation for how much that would be recorded as the 2021 expenditure

Using this formula

Expenditure =Invoiced cost-General fund

Let plug in the formula

Expenditure =$520-$500

Expenditure =$20

Therefore the amount that would be recorded as the 2021 expenditure will be $20

8 0
3 years ago
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