Stuck with your management assignment?

Get answers from academic experts to any study-related questions.

a. Explain the various perspectives one can have on public budgeting and how each perspective can affect the definition of public budgeting. What should this mean to you as a person putting together a government budget? b. Assuming someone defines policy as “a guide to action,” explain how budgeting is really a statement of government policy. In what way is this understandably significant to policy makers, public managers, and clientele groups of public agencies? c. Given the fact stated in question b, what should each group (policy makers, public managers, and clientele groups) do to effect the budget process? What are the implications in terms of achieving policy for the whole nation? d. What is the budget cycle? In what way is this important to someone who wishes to influence public policy? What implications does the cycle have to the use of analysis? e. How does the local budget cycle differ from the federal one? Again, how is this important to someone who wishes to shape public policy?

a. Federal budgeting that is also known as a public one plays a vital role in the life of society because it is used to support the country. Unfortunately, it is often associated with controversies and dissatisfaction since it affects governmental decisions and leads to debate. Budgeting can be considered...

Briefly discuss two or three reasons that a “spiritual and business” convergence could be very positive. If you believe it does have potential-if you do not, then state why you think it is not a good idea to mix the two.

The concept of spiritual and business convergence has become common in many organizations today since it presents several benefits. The first reason why this trend can be positive is that it promotes a religious work ethic that seeks to improve business performance. Since employees are informed about the importance of...

Discuss the possible interpersonal conflicts (and your ideas for solutions) that could happen in an organization that places emphasis on “spiritual values” rather than the traditional values in a more “classical” model organization.

Disagreements are usually common in many organizations due to various factors, including poor leadership, personal aims, existing cultures, and interests. Several interpersonal conflicts may arise in companies that place too much emphasis on spiritual values instead of traditional ones. The first one might occur when employees’ religious demands and expectations...

Develop a compensation package for the manager and for the line employees of a restaurant (make sure that you provide the reasoning for each element in the package).

The compensation package for the manager will consist of the following benefits: competitive payment, company-paid healthcare, and life insurance, paid holidays, paid sick leave, and discount programs for some products (gym membership). Furthermore, the manager will have an opportunity to receive training, including some company-paid external training. Line employees’ compensation...

Identify three selection methods that the owner should use for line employees of a restaurant. Please explain why these three in light of the type of positions.

The selection methods that can be effective include application forms and CV reviews, personality tests, and interviews. When searching for line employees, it can be effective to review CVs that are available online. Although no advanced skills are required, CVs and application forms show applicants’ readiness to work and their...

Identify three recruitment methods that the owner should use for line employees of a restaurant. Please explain why these three in light of the type of positions and of the location of the restaurant.

It is possible to use such recruitment methods as print advertising, social media, and employee referral. Since the restaurant will be situated near the university, students or future students can be hired. The most appropriate form of print advertising can be advertisements in the university periodicals or direct distribution of...

Write a job description and job specification for a line employee of a restaurant.

The line employee will perform various tasks to address the needs of the customers. Line employees will serve and prepare food, as well as perform cash-in procedures and keep the restaurant neat and tidy. The line employee’s responsibilities are serving and preparing food, performing cash-in procedures, cleaning the restaurant, complying...

Write a job description and job specification for a store manager of a restaurant.

The job of a store manager involves interaction with customers and line employees and management of the resources necessary for the excellent performance of the restaurant. The manager recruits line employees, oversees their compliance with the set standards, and ensures the proper maintenance of the restaurant. The manager also arranges...

Do you believe your organization uses a flexible or a static budget? Why do you think so?

Considering that over the years of its work, the hospital experienced significant fluctuations in operational volumes and activities, it uses a flexible budget. As noted by Baker, Baker, and Dworkin, flexible budgets are more adjustable compared to static ones and, therefore, allow forming a more realistic financial picture. Overall, the...

Do you believe your organization uses one or more operating budgets? Why do you think so?

My organization uses different types of budgets, including the long-term capital budget and responsibility budgets that are utilized to evaluate the performance of separate hospital units. However, when it comes to an operating budget, the hospital has only one. This budget is a comprehensive document that comprises operating plans, cost...

Why is it important to have a change management board?

The change management board is involved in the process of change management that introduces changes and updates into the organization’s computing environment. According to the formal procedure, managers “authorize the change request” that should be approved by a change management board. A change management board is important for critical systems...

As a supervisor, if you asked or surveyed your employees about the importance of pay as a factor in making job decisions, do you think employees would over-state or understate its value to them?

If I were to survey employees about the importance of pay in making job decisions, I think most of them would understate its value. The healthcare industry is rarely associated with earning money, and most people decide to work in this sphere because they possess specific personal values. Therefore, money...

As a manager, you realize the supervisors who report to you make errors when they rate their employees (e.g., too lenient, rate everyone the same, etc.). You notice a consultant is offering a training session on how to avoid appraisal rating errors. How successfully do you think such a course would be in eliminating these errors?

If I noticed that supervisors were habitually making errors in rating employees, I would encourage them to take a course. This problem is common, and I think that a training program could help them address the root cause of their errors and guide them in the right direction.

If you were a work unit supervisor, which of the following do you think is more important to improving organizational performance? Explain. Encouraging employees to participate in work and organizational decisions; Setting clear, challenging work goals.

If I were a unit supervisor, I would rank the setting of clear and challenging work goals as more important than encouraging employees to participate in the decision-making process. Whereas each employee could benefit from clear performance goals and expectations, not every person in the team would like to participate...

If you were hiring a new employee in your work unit, how would you rank the importance of the following qualities? That is, how much weight would you assign to each in making your decision? Explain. Personal values (ex. work ethic and integrity); Individual intelligence; Conscientiousness in performing the job.

If I were hiring a new employee in the work unit, I would rank personal values as a crucial quality. Healthcare is an extremely responsible industry, and hospital settings can be challenging for any person. If the employee does not have integrity and work ethics, it will be hard for...

The three ways of getting employees to implement change are: Tell them what to do; Sell them on what must be done; Involve them in determining the substance and direction of the change. For each of the three means, describe an instance in which it is a preferred or even essential approach and an instance in which it is an inappropriate or perhaps even harmful approach.

Resistance to change is widespread in healthcare organizations, and as a manager, I should be able to choose the best approach for helping the employees embrace it. Telling them what to do would work best when there has been a legal change in healthcare. In this case, it would be...

Imagine that you are a first-line manager of a department in a relatively small hospital located in a semi-rural area. For many months there had been rumors of a possible merger with another semi-rural hospital half again the size of yours located about 12 miles away. Both administration and the board of directors had been declining to comment on the rumors, although it was apparent that some kind of negotiations were underway. In about mid-November, all managers were officially notified that the merger would take place effectively on the first of January. The two hospitals were to become a single corporate entity with two locations, and functions and services would be consolidated wherever practical. Describe in detail the possible effects of the merger and all that it entails on you and your position.

The merger is often associated with greater access to resources, lower cost, and other benefits. It is defined as “the blending of two or more corporate entities to create one new organization with one licensure and one provider number for reimbursement purposes.” However, studies on the impact of hospital mergers...

Compare consequentialist and non-consequentialist theories outlining an advantage and disadvantage of each in the context of ethics at the workplace.

The phenomenon of ethics in the workplace can be approached from several theoretical standpoints. These ethical theories are divided into two key types, which are consequentialist and non-consequentialist theories. As the name suggests, consequential theories evaluate the ethical potential of a specific decision based on the effects that it produces....

Discuss how in an organization, diffusion of responsibility and conformity can lead people to act unethically.

Maintaining ethics in organizational decisions is critical for a firm to retain its positive reputation and build a loyal customer base. However, when underestimating the significance of a strong and well-developed organizational ethic system, one is likely to experience difficulties complying with the set business ethical standards. Diffusion of responsibility...

Read Case 5.2 in “Terrorism and Disaster Management” by K. Joanne McGlown. Discuss how processes are shaped by risk, resources, environment, social climate, and organizational characteristics.

Depending on the risk, the environment, and the resources available, the strategy of addressing a particular emergency issue may be altered considerably, therefore, deviating from what the standard guidelines suggest to do in a specific situation. In the case described by Vogt and Sorensen, the emergency situation was quite drastic....

Create a SMART goal.

SMART goal: Build a team of six members and integrate their competencies to complete an organizational project in two months.

As a leader of your organization, explain how you would lead an employee who is: a. Willing and Able to perform at the job, b. Willing and Not Able to perform at the job, c. Not Willing, but Able to perform at the job, d. Not Willing and Not Able to perform at that job.

a. Willing and Able to perform at the job – Laissez-faire leadership because the employee would not require constant supervision.b. Willing and Not Able to perform at the job – Participative leadership to cooperate with the employee.c. Not Willing, but Able to perform at the job – Coercive leadership to...

Skilled leadership is an integral part of any organization that wishes to be effective at implementing policy. Discuss the role of the leader – using Follett’s theories (Power, Conflict, etc.), and Moore’s (Re-engineering, the Strategic Triangle, etc.).

A component of skilled leadership is the ability to recognize the importance of power. There are many so-called leaders who simply wanted the glamour and prestige that comes with their position. The desire for power is rooted in need to have control. The desire for power can be explained by...

Getting agencies and departments to work towards a common goal is an integral part of the implementation process. Discuss the concept of collaboration.

Collaboration is basically working together towards a common goal, but it is easier said than done. Therefore, it is important to realize the value of collaboration. Without a clear understanding of collaboration, it is easy to be frustrated and discouraged because the requirements needed to achieve true collaboration can be...

One of the goals of an organization that hopes to succeed in being adept at implementing new programs is the movement to becoming a “learning organization.” Describe the attributes of a “learning organization” and how they impact the implementation process.

A learning organization seeks to consolidate information and to encourage innovation. There is no learning without innovation because the logical consequence of learning is the creation of insights that provides a better view of the world. If there is true learning, then policymakers and implementation agents are able to see...

To break the impact of the Abilene Paradox requires a courageous member to step outside the group and question the original decision. What strategies could you recommend to assist in forestalling The Abilene Paradox in your own group? How will you recognize the need to “manage agreement?”

Strategies that can assist in forestalling The Abilene Paradox are those which can create an organizational atmosphere that promotes alternative views and encourages group members to express their concerns and reservations. In such an environment, negative fantasies and anxieties are reduced. The first and most effective strategy is to examine...

What aspects of your own non-for-profit organization’s structure strikes the right balance between serving the customer and addressing the needs of the managers and employees?

Height is one of the major aspects of organizational structure that strikes the right balance between serving the customers and addressing the needs of managers and employees. The size of a non-profit organization depends on the number of activities and customers. Large organizations will often use tall organizational structures in...

How important do you feel it is for company boards to become more diverse?

I believe that diversity in the board of any organization plays a great role in enhancing the effectiveness of the board. Gender diversity leads to better performance, a wide range of talents, and increased market responsiveness. Research and studies indicate that organizations that have included women on their boards have...

From reading the literature, do you agree with the ‘Recipe for a good board’ proposed in this chapter? Would you prefer a different set of ‘ingredients’? Compile your own list, explaining which ‘ingredients’ you consider to be the most important.

I believe that the recipe for a good board illustrated in J. Solomon’s book “The Role of Boards in Corporate Governance” is appropriate. Based on my assessment, the list contains good and necessary ingredients for making a good board. The list of preferences might be different, but the combination leads...

Do you consider that non-executive directors play a useful role in company boards? To what extent do you think the academic research has clarified this issue.

Based on J. Solomon’s book “The Role of Boards in Corporate Governance,” I believe that non-executive directors on the company’s board have an important role to play in the operation of the corporation. Studies have revealed that non-executive directors play a role in the success of a company. As such,...

When it comes to Homeland Security, is aggressive risk management a realistic approach? Should all weaknesses or vulnerabilities be corrected, regardless of costs?

Aggressive risk management is not a realistic risk management approach because it can turn out to be too expensive for the efficient operation of the critical infrastructure. The losses made in terms of reduction or disruption of civil liberties can lead to a situation where the public feels restrained from...

If you were a consultant at the HCL Technologies company, other than the strategic renewal that the president Nayar has introduced, draw at least two recommendations to improve the required organizational redesign. Include in your recommendation the most needed segment of “faces of change”.

It is possible to say that Nayar’s decision to establish the “trust pay” system is not necessarily a good one as high pay is not always enough to motivate employees. Moreover, instead of improving the company’s immediate financial position, this initiative deteriorates it. It may be presumed that by aligning...

Organizational leaders like Nayar from HCL Technologies need to find ways of developing the human resource capabilities of their employees wherein the organization focuses on aligning of talents, skills, attitudes, and behaviors of employees. Justify Nayar’s ideas on HRD being transferrable to other industries and countries. Also, critically draw the potential problems in implementing Nayar’s human resource initiatives within India.

HRD initiatives introduced by Nayar focused on employee empowerment since they were expected to be key actors in driving the change in the company and improvement of its overall performance and innovativeness. To do so, Talent Transformation and Intrapreneurship Development program focused on the promotion of an in-depth understanding of...

The international organization HCL Technologies is “working with clients in areas that impact and redefine the core of their business.” Critically explain how the company has applied the sequential model of change that stresses the importance of a “shared diagnosis” in redefining the core of their business development efforts.

To modify the organizational culture, the president Nayar implemented the steps included in Lewin’s change model. Firstly, he unfroze the existing situation by making employees aware of the need for change. As part of the shared diagnosis process, he forced all involved stakeholders to re-examine the core of the business...

More often than not, teams operate at less than peak efficiency. Why?

One of the central reasons is the lack of the appropriate organization. As it becomes evident, it is not enough just to include diverse people and provide them with an opportunity to become leaders. However, it is fundamental to guarantee that all members understand the current goals and know each...

Select an organization for the analysis. Was there an “Ethics Policy” at this organization?

Every organization has its own ethics policy that regulates its functioning and prevents the emergence of dilemmas deteriorating the cooperation between workers. The current hospital’s approach includes a strict prohibition of all actions that can be considered unethical. These include intolerant attitudes to colleagues and patients, misconduct, harassment, bullying, discrimination,...

In which situations do companies tend to adopt assimilation strategy normally?

Assimilation strategy comes into play when merging companies seek to bring workers up to speed with respect to the culture of the emerging organization and the way they ought to interrelate with one another and customers. Companies usually tend to adopt an assimilation strategy where the acquired firm has a...

Suppose you are a senior manager in a global management consulting company. Which conflict management style do you think is the best and would you adopt?

The best conflict management approach for a global management consulting company is the collaborating style. This is because a consulting company has experts (consultants) tasked with the provision of professional advice and who are skilled in open discussion of matters and search of alternative resolutions with honesty and dedication as...

What answer should an applicant for a Technical Officer role in a Food Processing and Packaging company provide to a question on health & safety, and equality?

All employees within the organization participate in quality assurance. Therefore, the TQM program needs to incorporate health, safety, and diversity considerations in order to ensure the necessary degree of commitment. Employees must be aware that the quality of a product is not achieved at the expense of their well-being. Thus,...

What answer should an applicant for a Technical Officer role in a Food Processing and Packaging company provide to a question on total quality management?

Total quality management (TQM) is a set of managerial practices and strategies aimed at establishing a culture of continuous improvement. TQM involves all members of the organization in a unified effort to improve the quality of their product and the efficiency of organizational processes within the company. According to the...

What answer should an applicant for a Technical Officer role in a Food Processing and Packaging company provide to a question on demand, supply and equilibrium price?

Supply and demand are the core concepts of a market economy. Supply is the representation of the quantity of product or service available on the market at a given time. Demand illustrates the quantity necessary to satisfy the demand required to satisfy the needs of consumers. The relationship between supply...

What answer should an applicant for a Technical Officer role in a Food Processing and Packaging company provide to a question on quality control and quality assurance?

Quality control (QC) and quality assurance (QA) are two fundamental concepts in the field of quality management. Due to the existence of multiple definitions of the words “control” and “assurance” the terms are often used interchangeably to identify the practices and actions aimed at ensuring the quality of products and...

What are some examples of performance measurement systems and how do they support continuous improvement and quality initiatives?

Performance measurement systems are developed in order to analyze the effectiveness of working processes and strategies chosen by organizations, departments, or individuals. In other words, the use of performance measurement systems allows comparing actual achievements with the planned development. Nowadays, the most prominent performance measurement systems used in various business...

Discuss the advantages and disadvantages of the following forms of managerial compensation in terms of mitigating agency problems, that is, potential conflicts of interest between management and shareholders. a. A fixed salary. b. Stock in the firm that must be held for five (5) years. c. A salary linked to the firm’s profits.

a. A fixed salary allows the manager to focus on long-term and safe company operations. However, it does not offer any incentives for maximizing the value of the company. b. Company stock as a form of compensation helps align the manager’s interest with the interests of shareholders. However, this option...

From S. K. William’s book “The Truth About Thriving in Change,” select three truths that you find the most impactful in your professional life/life experiences and write specifically why they are so important. To answer this question, you will need to be specific (identify the truth and its #), and the relevance is to a specific aspect of your professional life.

The first truth is as follows (truth 9): “run before you walk.” Its relevance lies in the fact that an active position described by the author is an integral component of successful work and recognition by both colleagues and management. The whole process of evaluation and implementation of any business...

Why is the management team important for a disruptive firm?

The development of an effective management team is key to companies’ success. People have different perspectives and values (decision-making), which enables teams to find the most viable strategies. Companies often have to seek funds and address investors. One of the common mistakes is addressing a well-known investor or a group...

A firm’s preparation regimen includes three areas. Discuss/explain each of these areas. In addition, explain how effective implementation provides an advantage for the incumbent firm.

A company’s preparation regimen includes its hiring decisions, the process of strategy-making, as well as the firm’s funding sources. The process of strategy-making should be characterized by the use of emerging strategies. Companies should try to predict the evolvement of a new market, but they cannot be completely confident in...

Complete the media survey, “Survey on HR”. Write a description of your media survey experience, including your survey results and your reactions to the survey. Explain at least two perceptions that you held regarding the role of HR compared to the role of the nurse manager. Describe how these perceptions were similar to or different from the roles outlined in the Learning Resources. Without identifying individuals or organizations, support your response by briefly describing experiences that may have influenced your perceptions.

“Survey on HR” The media survey experience was very enlightening. I was able to confirm some of the things I learnt in class. The questions asked tried to identify the different roles of nurse managers and human resource specialists. Admittedly, many people confuse the role of the two in a...

What is your reaction to the use of layoffs to react to economic conditions?

Layoff is not very effective since it disrupts the very foundation that holds a company as a performance unit due to reduced capacity and lowered morale. Although economic conditions present tough choices to make, relying on them to lay off employees might be detrimental in the long-term, through the loss...

a. Think about your organization, or an organization you are familiar with. If there was a need to reduce operating costs, what options are available? b. What do you see as the best options for an organization to reduce total compensation costs? Provide some context for your recommendations and discuss their prioritization.

a. There is a need to reduce operating costs at the XYZ Company because it has not been profitable for the last two years. The first option would be to improve on the production efficiency, especially in the supply chain. The second option would be to cut the secondary benefits...

a. If you were responsible for reducing benefits costs, what steps would you take to make your decision? b. In order of priority, explain which benefits you would change, how you would change them, and why? 1. Medical 2. Pension 3. Paid vacation 4. Paid holidays 5. Paid sick leave 6. Long-term disability 7. Life insurance

a. When reducing the benefits, I would start by selecting secondary benefits that would not have a grave impact on the lives of the employees. For instance, between entertainment and periodic target benefits, I would reduce periodic target achievement benefits since it would not interfere with the constant salary that...

From your own experience, share an example of a performance management process that works well and why or share an example of a process that does not work well, and why not.

The 360-degree feedback is a very effective performance management process since it is holistic and self-sustaining, irrespective of the work environment. Specifically, the process has internalized the financial and non-financial aspects of employee performance with a matrix that reviews the feedback periodically against preset standards. The symmetrical performance management system...

a. What do you see as the most significant challenge to effective team-based pay-for-performance? b. How might we overcome this challenge?

a. The primary challenge is balancing inter and intra-team relationships, especially within the dynamics of the team-based pay-for-performance approach. Specifically, it isn’t easy to control group politics and professionalism in encoding and decoding remuneration information among team members. For instance, sustaining the hierarchical order without being perceived as practicing favoritism...

Southern New Hampshire University created a tipping point by changing the context of its admissions, customer relations, technology, facilities, and attitude. Which of these would have to be changed for Rollins College to create a similar tipping point? Be specific.

Rollins college should primarily focus on changing its attitude so that the staff and administration are more in sync while creating a business model that is innovative. Furthermore, similar to Southern New Hampshire University, Rollins college can adopt new technology and facilities that encourage and supports distance learning. All these...

With respect to the story of Rollins College, did the faculty leaders or President fail to use any of the components of decision-making used by the Navy SEALS? Explain your reasoning.

The President failed to use practically every decision-making component. There was evident faculty division which resulted in low loyalty and team value. He failed to learn from the mistakes of creating the new department, which was met with opposition. The President showed overconfidence by making a bold statement that went...

Find one example from the labour market in your country of a job position that offers some form of an incentive payment scheme as part of the overall benefits package and include this with your assignment. a. Identify that part of the compensation package that involves an incentive for the employee. Is the incentive for the individual strong or weak? Explain. b. Identify some “income risks” for the potential employee associated with the incentive scheme.

An incentive scheme program is a scheme established in companies to reward and motivate their employees. Incentives also apply as an arrangement to attract new customers and maintain the existing ones. There are various types of incentives, and different companies normally adopt the programs that suitably correlate with their operations....

What does the switch from time rates to piece rates do to recruitment?

The switch from time rate to piece-rate affects recruitment. The transition of increasing the workers’ wages to increase their productivity and efficiency is a possible cause for unemployment. The enhanced workforce productivity rules out the need for more workers, and the workers’ wages are higher than the equilibrium wage as...

Describe the relationship between TPS, DSS, MIS, and ESS.

Exchange of data occurs between different kinds of systems within a business enterprise. Transaction processing systems are the primary source of information for other systems, notably decision support systems and management information systems. Transaction processing systems collect transaction data and deliver it to both management information systems and decision support...

How do systems serve various levels of management in a business?

There are four main types of information systems in existence within firms. These systems serve operations, middle and senior administration levels. The operational level management mainly uses transaction processing systems such as order processing and hotel room reservation that monitor the flow of routine processes required to carry out business....

Define TPS, MIS, DSS, and ESS and describe their role in business.

A transaction processing system is an automated system that carries out and documents routine transactions within the business. These transactions include keeping employee records, sales order entries, and hotel room reservations. A management information system is a system tasked with designating classified information to the different levels of management within...

Compare and contrast the characteristics of the operational, managerial, and executive level of an organization.

The operational level involves employees that are guided by the managerial level of the organization. Managers ensure that the working process performs successfully, set long and short-term goals, and check whether the company’s objectives are reflected in the working process. The executive level provides people with higher responsibilities. An example...

List and define four of the systems knowledge and/or skills core competencies.

Systems knowledge and skills are connected with systems integration, critical thinking, problem-solving, and development methodologies. System integration is defined as connectivity and compatibility of systems. Critical thinking and problem-solving are linked to challenging other’s assumptions, problem identification, and information analysis.

List and define four business knowledge and/or skills core competencies.

Business knowledge and skills competencies include communication that is verbal, written, technological. The second component is people and project management skills that involve planning, organizing, and leading. The last two components are social skills that include group or interpersonal skills and business integration linked to the core business processes.

Critically apply Cyert and March’s analysis of organizational decision making to the Siemens case. Compare/contrast the findings with Brusson’s view.

According to Cyert and March, fundamental structure analyzes the process of decision making in terms of the variables that influence the decision-making process, the goals of an organization, the expectations of the organization, and the choice of the organization. In the case of Siemens, several variables influenced the decision-making process...

What did General Mills hope to accomplish with its April 1994 reduction in trade promotions and prices? What were the risks associated with these actions? How do you expect General Mills’ competitors to respond? How then should General Mills proceed?

GM hopes to reduce the price gap with private label manufacturers, regain some of the market shares and increase their profits. The risk associated with these actions is that the competitors can follow the lead and reduce their prices as well. GM’s competitors can either lower their prices or preserve...

Why is the soft drink industry so profitable? If concentrate manufacturing is so profitable, why have so few firms successfully entered this business over the last century?

The high profitability of the soft drink industry is as a result of combined factors of top products’ demand and regional market monopolies. There are limited soft drink operators in the market, while the products themselves are complements of other foods and beverages. Low competitions and high market demands lead...

Analyze the RTE breakfast cereal industry. Why has it been such a profitable business? What changes have to lead to the current industry ‘crisis’? Why have private labels been able to enter this industry successfully? How do the cost structures of private label and branded cereal manufacturers differ? What are the critical core competencies and success factors needed in this industry? Make sure you include your assessment of General Mills’ resources, capabilities, and competencies. How do you see the private label cereal manufacturers concerning the critical success factors in this industry?

Historically, the ready-to-eat (RTE) cereal breakfast industry was characterized by relative stability and substantial profitability. The RTE market was dominated by the Big Three, such as Kellogg, General Mills, and Philip Morris, which created significant barriers for the entry of new brands. The main reasons leading to the current industry...

What are some devices used for temporary work zone situations?

Some devices used for temporary work zone situations include cones, orange and black work zone signs, flags, drums, arrow panels, and pavement markings. Explanation: These different devices are used as safety measures; they are designed to alert people about possible danger and prevent unfortunate health effects. For example, if the...

Which type of portfolio might a young investor who is not afraid of risk choose? a) A portfolio of with a high percentage of stocks b) A portfolio with a high percentage of conservative mutual funds c) A portfolio that is mostly cash d) A portfolio with a high percentage of treasury bonds.

The correct answer is a) a portfolio of with a high percentage of stocks. Explanation: In today’s financial marketplace, a solid portfolio is essential to any investor’s success. There are many strategies that you can adopt when building a portfolio as a young investor. Overall, it is recommended to have...

What are some devices used for temporary work zone situations?

Some devices that are used for temporary work zone situations are cones, barricades, drums, arrow panels, flags, pavement markings, and orange and black work zone signs. Explanation: The main purpose of these devices is to warn drivers and pedestrians of danger and make them pay attention to the road. Some...

A cutting board must be set aside and shown to manager when it is

A cutting board must be set aside and shown to a manager when it is used for cutting products that can cause cross-contamination. Explanation: For example, if an employee handled raw meat and then sliced some fruits without washing the board, it is possible to transfer pathogenic bacteria from one...

In NIMS, when do managers plan and prepare for the demobilization process?

The NIMS managers start planning and preparing for the demobilization process when it is clear that the situation requires a collaborative approach that includes personnel from several organizations. Explanation: NIMS, or the National Incident Management System, is a special structure for managing multi-jurisdictional or large-scale incidents. It works and is...

What is the principal by-product of the norming stage of team development? Is it significant?

Group cohesiveness is the principal by-product of the norming stage of team development. It is highly significant as social interaction between group members and the similarities of their interests and natures form strong interpersonal bonds that help to achieve corporate goals. Explanation: Group cohesiveness, or team cohesiveness, may be defined...

What are the three main goals of data lifecycle management (DLM)?

Data lifecycle management goals are to implement an approach based on policy in order to manage the flow of data and information. It is tightly interlinked with information lifecycle management techniques to ensure that all data pass through a specific set of stages. Three main goals of lifecycle management of...

What should be the customer service of a firm within the domain of logistics management?

Business needs to prove the appropriate level of customer service that will satisfy customers’ needs, increase the number of loyal customers, and business revenue. Explanation: Logistics management is the process of establishing and controlling the efficient flow and storage of a product in order to comply with customer’s requirements. One...