Answer:
Management by working around
Explanation:
It is Management by Walking Around. MBWA, it actually means that managers spend some part of their time listening to problems and ideas of their staff, while wandering around an office or plant.
Management by Walking Around is a term that was coined by Tom Peters. From his study of successful companies and their practices, Tom Peters observed that good managers tend to communicate a lot better with their team. Doing that in informal ways, like just hanging around in the office and chatting with them, rather than having formal interaction sessions in their boardrooms. The founder of, Walmart, was a great exponent of this practice. He believed in visiting as many of his stores as many times as possible and talking to frontline staff. The founder of House ofTara, a make up outfit goes round her stores and even works there just as to see the business through the eyes of the frontline staff
The idea of this practice is to listen. You must also respond to ideas or problems voiced and take effective action about them.
b. The oil should be changed a total of 3 times during the 30-week season.
c. The oil should be changed a total of 6 times during the 30-week season.
d. The oil should be changed a total of 10 times during the 30-week season.
Answer:
C) Cash...........................600,000............Unearned Subscription Revenue.....600,000
Explanation:
January 31: 60,000 subscriptions sold
Since cash is an asset account and it increases, then it should be debited.
Unearned revenue is a liability account, since the company received money in advance for future publications. When liabilities increase, they should be credited.
b. What other, similar problems have been solved? How were they solved? List as many as you can think of.
c. Compare your answers to B with your answers to A. How would the solutions on your list work for your identified problem? Could you use some part of those solutions? Or perhaps a combination?
d. Write out your solution idea.
Idea 2:
a. What problem do you want to solve? Write down everything you can about the problem, then sum it up in a simple, non-industry specific statement.
b. What other, similar problems have been solved? How were they solved? List as many as you can think of.
c. Compare your answers to B with your answers to A. How would the solutions on your list work for your identified problem? Could you use some part of those solutions? Or perhaps a combination?
d. Write out your solution idea.
Answer:
Steps to Solving the Problems With Your Problem Solving
Step 1: Pin the Problem. Clearly define the issue at hand. ...
Step 2: Identify the Issues. Start breaking down the problem into subcomponents. ...
Step 3: Generate Hypotheses and Prioritize Proving Them. ...
Step 4: Conduct Your Analysis. ...
Step 5: Advance Your Answer
Answer:
The correct answer is to jointly set objectives with their employees and to have managers develop action plans.
Explanation:
Management Buy Out (MBO) are financial operations that involve the transfer of ownership or control of a company to a group of people and entities, among which are relevant directors, managers or employees thereof. Management Buy Out operations are characterized because the managers or managers of a business or company become the largest shareholders of the company, that is, they become the owners of the same. Initially, to be considered an MBO, it was necessary for managers to acquire the majority of the company or at least its effective control, but now also minority participations are included in this definition, although always significant. Often the management team is accompanied by some institution or group of investors outside the company that provide the necessary financing to carry out the operation and with which, consequently, share the control of the company.
Answer:
$1,273,300
Explanation:
The computation of the net income is shown below:
= Gross sales - sales returns - Cost of goods sold - Selling and administrative expense - prior-year understatement of amortization expense + Gain on sale of stock portfolio securities + Gain on disposal of a discontinued business segment - income tax expense
where, income tax expense would be
= ( Gross sales - sales returns - Cost of goods sold - Selling and administrative expense - prior-year understatement of amortization expense + Gain on sale of stock portfolio securities + Gain on disposal of a discontinued business segment) × income tax rate
= ($3,600,000 - $34,000 - $1,200,000 - $500,000 - $59,000 + $8,000 + $4,000) × 30%
= $545,700
So, the net income would be
= $3,600,000 - $34,000 - $1,200,000 - $500,000 - $59,000 + $8,000 + $4,000 - $545,700
= $1,273,300