The answer is c. 10-20 seconds
Answer:
Organizational culture
Explanation:
Remember, the CEO holds a leadership role in which he could influence the culture of the organization.
Therefore, by removing the lavish lifestyle common among other CEOs from himself, Japan Airlines CEO is acting as a role model for other employees, so as to mould an organizational culture where workers avoid excessive spending of company money on personal nonessential things.
Answer:
1) Colt Carriage Company
Income Statement
For the month ended April 202x
Revenues:
- Adults passengers $186,300
- Children $81,000
- Total revenues $267,300
Variable costs:
- City fees $26,730
- Souvenirs $7,425
- Brokerage fees $11,340
- Carriage drivers $52,650
- Total variable costs <u>$98,145</u>
Contribution margin $169,155
Period costs:
- Depreciation $2,900
- Horse leases $48,000
- Marketing expenses $7,350
- Payroll expenses $7,600
- Total period costs <u>$65,850</u>
Operating profit $103,305
2) If the total amount of passengers increase by 10%, then all variable costs will increase by 10% except brokerage fees which would increase only by 6%. Revenues should also increase by 10%. Period costs should not change.
Contribution margin should increase by 10.29% and operating profit would increase by 16.81%.
Explanation:
since the information is not complete, I looked it up:
Revenues
13,500 passengers:
8,100 x $23 = $186,300
5,400 x $15 = $81,000
total $267,300
variable costs:
fees paid to the city 10% of total revenue
souvenirs $0.55 per passenger
brokerage fees 60% of total tickets x $1.40
carriage drivers $3.90 per passenger
fixed costs:
depreciation $2,900
horse leases $48,000
marketing expenses $7,350
payroll expenses $7,600
Answer and Explanation:
The steps in global strategic planning include
Review or develop Vision & Mission: business aims to understand what its vision and mission is, reviewing one already there or developing a new one based on the current business environment and changes
Business and operation analysis. Here the business aims to understand it's environment in terms of it strengths and weaknesses internally and externally
Develop Strategic Options: business looks to find all strategic options available and weighs options to select best strategy on the basis of its business and operation analysis to understand strategy to tackle the current business situation
Establish Strategic Objectives: strategy objectives are developed to tackle new business environment
Strategy Execution Plan: the execution plan involves an effective plan that can duly implemented
Establish Resource Allocation: resources are allocated to execute the global strategic plan
Execution Review: execution is reviewed and quantified to see if the plan is being met
