As a manager of a business I would optimize the utility of my human resources by investing in education and training. When employees improve their knowledge and skills they are able to produce more. The company can offer its employees a yearly education expense retainer between $5000-10000 a year. The money would reimburse the employees for educational expenses which include tuition, books, and other materials. Training is an effective wait to transmit knowledge to a large pool of participants in a short period of time. I have participated in company sponsored training initiatives. These trainings have helped me become a better professional through the acquisition of knowledge.
My opinion is that the benefits of growth out weight the costs. Americans citizens enjoy one of the highest standards of living in the world. Due to this prosperity millions of people come to the country legally and illegally in search of a better future for themselves and their families. China is an example of a country that has ripped the benefits of economic growth during the last 30 years. The economy of China has achieved double digit economy growth during the past three decades. There are some costs to economic growth. Humanity has to protect the environment and the natural resources.
As a manager I would pay close attention to the concept of implicit and explicit costs. The most common implicit cost is opportunity costs. I would evaluate different alternatives or opportunities in order to determine which can increase the profitability of the company the most. Another concept from the article that I would use in my managerial career is that people response to incentive. To increase the revenues of the company I would sell the merchandise online. A price discount of 15% on online sales is a way to increase the revenues of the company.
FedEx and UPS are having record high quarters – I would interpret that the economy ...
Cite this document
(“Week 6 Discussion Questions and Participation Questions Essay”, n.d.)
Retrieved from https://studentshare.net/miscellaneous/407608-week-6-discussion-questions-and-participation-questions
(Week 6 Discussion Questions and Participation Questions Essay)
“Week 6 Discussion Questions and Participation Questions Essay”, n.d. https://studentshare.net/miscellaneous/407608-week-6-discussion-questions-and-participation-questions.
One of the most important functions that the FASB serves is formulating the generally accepted accounting principles (GAAP). The accounting profession is self-regulated and accountants depend on the generally accepted accounting principles to guide their work.
I knew an employee that received three warnings. The person was not fired, but he got demoted and suspended for one month. The most common disciplinary mechanism utilized at our workplace is suspensions. I have never been suspended,
The primary difference between bar charts and histograms is that bar charts provide categorical data while histograms provide continuous data. I personally believe that bar charts are more practical and easy to understand in comparison with
My manager told me that during harsh times companies have to adapt in order to survive. The company lost sales, but it is important to remember that the firm is still generating revenues and business must go on as usual.
The products sold by the competition are all similar. During team meetings the employees discuss ways improving the profits of the firm. Market forces in our marketplace controls price. The law of supply and demand forces equilibrium prices in the marketplace.
The four process flow structures are job shop, batch shop, assembly line, and continuous flow. Job shop is the production of small batches of a large number of different products which require a different set of sequence of processing steps. Batch shop processing produces
Advertising campaigns are prepared with a specific intention in mind. They target specific products or the overall product attributes of an enterprise. Wendy’s has prepared advertising campaigns to highlight the fast service of its carry out
An example of an unethical practice is changing depreciation methods without a justification and without including the change in the notes to the financial statements of the company for the purpose of altering the actual financial performance of
Based on section 404 public companies are required to provide a managerial assessment of internal control within its annual report. Section 404 also includes guidelines for design of internal control and operating effectiveness of controls. Private companies are
4 Pages(1000 words)Essay
GOT A TRICKY QUESTION? RECEIVE AN ANSWER FROM STUDENTS LIKE YOU!
Let us find you another Essay on topic Week 6 Discussion Questions and Participation Questions for FREE!