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Ede4ka [16]
4 years ago
5

As a student in the Principles of Management class of Ama Ghana University, you are expected to have experiential knowledge so t

hat you can be able to solve real life business problems after graduation. To achieve this objective, the 2020 class has been divided into ten groups; and each team works in a management capacity with ten management consulting companies in the Greater Accra Region. San Consulting - the firm that your group works with is a project management company that is into Real Estate construction and management consulting. This firm which has twenty years’ experience in this business is the first choice for all individuals and companies that want quality service. You have on the contrary, observed that many of the management practices have not developed precipitously as situations in the business environment warrant. The accountant confirmed this by saying in the last general meeting that a certain percentage of San’s profit margin is being lost because of this situation. She gave the example that the surveying department spent eight labor hours generating data that had been generated two weeks ago by another unit. Due to the fact that the surveying department did not know that the data had already been created, a substantial effort was wasted and this has been a recurrent problem.
In addition, the increase in demand of the services of San’s Consulting has placed significant pressures on the five managers whose duties are not clearly defined. For instance, you have observed that any of these managers perform duties in the operations department as well as any other unit within the firm. They are not able to perform all the functions required of them due to the ineffectiveness of the organizational structure.
You and the members of your group are expected to write a report to the top-level management team regarding your analysis of the situation in the firm.
Questions
1. Explain which of the four main management functions is/are not operating as it/they should within the firm? 3 Marks
Business
1 answer:
Firlakuza [10]4 years ago
5 0

Answer:

The organization structure is not clearly defined, Managers are performing duties in various departments at a time.

Explanation:

San Consulting is one of the finest consulting firm in the Greater Accra Region. The firm is always a first choice for individuals who want to pursue their career in business. The Organizational structure of San Consulting is not clearly defined. San's profits are falling because management practices are not according to the other competitive organizations. The managers working at San are facing excess workload and pressure for their work. Their job descriptions is not clearly defined and they are forced to work in multiple departments at the same time due to which they are losing focus on their own work.  

Questions 1: Planning, organizing, leading and controlling  

Question 2: The organizational structure needs to be set and every employee should have their defined job role so they are able to complete work with efficiency.  

Question 3: The profits of San consulting will rise as there will be less duplication of work and every employee will be able to focus on their own task and will work with efficiency.  

Question 4: Matrix. The matrix organizational structure is not suited in this organization. The right organizational structure for San consulting will be Functional Structure.  

Question 5:  

(i) The profits for San Consulting will decline  

(ii) The profit will rise because employee will focus more on their specific tasks.  

1B. Yes agree. The managers need to focus on the external environment as well to identify the opportunities and threats present which can stimulate changes for the organization.  

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The Dominican Republic and Nicaragua both produce coffee and rum. The Dominican Republic can produce 20 thousand tons of coffee
Dafna11 [192]

Answer:

The answer should be un terms of the traded goods. In the case of the minimum price of rum, it is 0.5 barrels of rum per one ton of coffee. In the case of the maximum price of coffee, it is 6 tons of coffee per barrel of coffee.

Explanation:

These values come from the analysis of opportunity cost that both countries have at the moment of use the production capacity: if the Dominican Republic decides to produce rum, then it would give up on coffee. The same with Nicaragua, when it chooses to produce coffee, it gives up producing rum. The potential trade opportunities arise in the mix of prices where both countries can take benefit form the exchange of goods (obtaining more of one product than producing with its own capacity). This is called comparative advantages, and it is a theoretical justification of international trade.

7 0
3 years ago
A mother wants to invest ​$12 comma 000.00 for her​ son's future education. She invests a portion of the money in a bank certifi
Dimas [21]

Answer:

A = $4000

Explanation:

given data:

total investment $12000

interest on CD= 4%

Interest on bond =7%

the portion invested in the CD is A

total portion invested as a bond = $12,000 - A

total portion earned on the CD = 0.04A.

The total interest gain on the bond = 0.07(12000 - A).  

equation for  the total interest earned is:

0.04A + 0.07(12000 - A) = 720

0.04A + 840 - 0.07A = 720

-0.03A = -120

A = $4000

8 0
4 years ago
A student borrows $95,000 for business school at 4.5% stated annual interest with monthly repayment over 9 years. Consider this
Damm [24]

Answer:

$918.70 or $900

Explanation:

The computation of the first monthly payment is given below:

Interest rate per Month is

= Annual Rate ÷ 12

= 4.50% ÷ 12

= 0.375%

Now

Present Value of Growing Annuity = First payment × (1 - ((1 + Growth Rate) ÷ (1 + Interest Rate))^Periods) × 1 ÷  (Interest Rate - Growth Rate)

95000 = First payment × (1 - ((1 + 0.30%) ÷ (1 + 0.375%))^108) × 1 ÷ (0.375% - 0.30%)

95000 = First payment × (1 - 0.999252^108) × 1 ÷ (0.075%)

95000 = First payment × (1 - 0.92244) × 1 ÷ (0.075%)

95000 = First payment × 103.4067

First payment = $918.70 or $900

6 0
3 years ago
PB14.
Klio2033 [76]

Answer:

It is obvious that company is using job order costing method. In this method all costs related to a specific job is recorded in a work in process account open for that job. Journal entries to record  the transactions given in question are given below.

Time cards showing direct labor: $750

Debit WIP Major Airline               $ 750

Credit Payroll Account                $ 750

Time cards showing indirect labor: $100

Debit Factory overhead control account  $ 100

Credit Payroll Account                                $ 100

Purchased repair supplies on account: $1,500

Debit WIP Major Airline             $ 1,500

Credit Repair Supplies               $ 1,500

Issued indirect supplies: $350

Debit Factory overhead control account  $ 350

Credit Indirect supplies  stock                   $ 350

Utilities expense on account: $24,000

Debit Factory overhead control account     $ 24,000

Credit Utilities bill payable                             $ 24,000

Overhead applied: 100% of direct labor costs

Debit WIP Major Airline                               $ 750

Credit Applied Overhead Account              $ 750

(100% of 750)

8 0
4 years ago
Why do people try to avoid getting a refund on their tax returns?
ladessa [460]
D) Because they know the government has a large budget deficit
6 0
3 years ago
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