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Study Resources (Business Management)

  2. How does Albert encourage his employees to continue their education? 3. What happens every Friday morning at On Target? 4. What are the four parts of Albert’s leadership strategy? 5. What types of compensation do On Target employees receive? 6. Why does Albert devote so much time to helping each employee learn and.
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  1.Create a cumulative cash flow graph for a business with the following monthly cash balances: January:$40,000 February:$25,000 March:$13,000 April:$5,000 May:$12,000 June:$2,000 July:0 August:0 September:$1,500 October:$8,500 November:$12,000 December:$21,000 2.Fill in the following table, using the Future Value chart in this chapter to show the amounts of one invested dollar’s growth at the interest rates and time periods given.     .
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  1.What benefits did PODS gain from franchising? 2.PODS is the official moving and storage company of the PGA Tour, and prominently displays this information and the PGA logo on its Web site.  Why               would PODS and the PGA Tour be good partners? 3.What benefit do franchisees get from the PODS and.
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  Section 1.4 Review Questions 1. What are some of the key system-oriented trends that have fostered IS-supported decision making to a new level? 2.List some capabilities of computing that can facilitate managerial decision making. 3.How can a computer help overcome the cognitive limits of humans?     .
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  1.What does ONLC do to determine where to offer training? What are the critical location factors? 2.How does this business model democratize distribution? 3.How can ONLC have over 200 locations and maintain an efficient cost structure at low volumes in each? 4.What is the level of importance of the location of the ONLC.
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  Section 1.8 Review Questions 1.Define analytics. 2.What is descriptive analytics? What various tools are employed in descriptive analytics? 3.How is descriptive analytics different from traditional reporting? 4.What is a data warehouse? How can data warehousing technology help in enabling analytics? 5.What is predictive analytics? How can organizations employ predictive analytics?     .
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  1. Why are Drs. Andropov and Brown frustrated and angry about the suggestions from 2. What are the arguments for and against notifying Agritechno’s investors? What is the 3. What are the arguments for and against notifying Agritechno’s growers? What is the 4. What method of communication, if any, would you recommend for.
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  4.How does the design of a facility affect product quality and production efficiency? 5.Choose a partner in class and make a list of the technology each of you can personally access. Brainstorm how you might combine your technological resources to create a successful business. Describe in detail how the partnership would.
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  1.Why do you think Unilever was willing to purchase Ben & Jerry’s for more than double the company’s stock price? Why was Ben & Jerry’s an attractive investment? (Note: When Ben & Jerry’s was sold, its stock price was $21/share. Unilever purchased shares at $43.60/share.) 2.One of the ways that entrepreneurs.
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  6.Examine Jimmie’s projected income statement that you developed for the previous question. Assume that Jimmie does decide to sell Greg partial ownership in Lee’s Ice Cream. Using the projected income statement as a guide, determine what percentage of his total equity Jimmie should offer Greg in exchange for $3,300. Is.
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  2.What methods has CakeLove used to manage cash flow?  What others might they adopt? 3.What types of cash flow management issues would you expect CakeLove to encounter if it continues to grow at a rate of three bakeries per year or more? 4.How do Warren Brown’s recommendations to aspiring entrepreneurs pertain to.
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  1.What is a traffic generator and why might it be important to a retail store? 2.What factors are most critical to the location decision for a manufacturer? 3.How can zoning affect location for a home-based business? 4.What is a fixed-position layout? What types of businesses use this type of layout?     .
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1. Describe the differences between a licensing and a franchising agreement. 2. Give an example of a business that could lead to licensing agreements and a business that could be franchised. 3. Do you plan to franchise your business or license any of your products? Explain. 4. Describe the exit strategy you plan.
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  4.Visit http://www.pods.com and find information about obtaining a PODS franchise. a.How much initial capital is currently required to secure a franchise?  Where did you find this information? b.What is the current franchise fee structure? c.What are the competitive advantages that PODS identifies? d.How large of a non-compete area is covered by one franchise license?     .
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1.What can happen to an entrepreneur who is personally liable for the business? How can an entrepreneur protect herself from personal liability? Say your friend wants to start a business making custom skateboards. Write a memo to your friend explaining the risks involved and suggestions for limiting liability. 2.With a partner,.
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  4.If your business is incorporated, what percentage of your company is owned by one share of stock? Is your corporation’s stock publicly or privately held? 5.Use computer software to create a logo for your business.  Do you intend to trademark your logo?  Explain. 6.Describe any intellectual property you are developing (without improperly.
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  6. What are the benefits of a well-executed performance-appraisal process? 7. Describe the components of an organizational culture that you would find appealing. 1. How old does someone have to be before he or she can work full time in the United States? 2. What is one kind of tax employers have to.
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1.Identify two sets of business clusters in your area. Explain why they may have been formed. 2.Where would you locate your business, and why? 3.If you were to start a home-based business, what would it be? Why? 4.Why is physical location critical for a distribution business? 5.What is the role of demographic information in.
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  1.How has SPM brought modern technology to the traditional processes of machining custom parts? 2.What is the source of production inputs for SPM? 3.How does SPM assure quality?  Do you agree that they chose the right type of quality assurance?  Why or why not? 4.What types of regulations are particularly important to SPM.
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  6.What is prescriptive analytics? What kind of problems can be solved by prescriptive analytics? 7.Define modeling from the analytics perspective. 8.Is it a good idea to follow a hierarchy of descriptive and predictive analytics before applying prescriptive analytics? 9.How can analytics aid in objective decision making?     .
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  2.List three things that Amy and Steve should have considered doing to adapt to the changes in the environment now that their customers no longer wanted to pay for Internet services, and expected the café to provide free wireless connections. 3.Evaluate Amy and Steve’s income statement for their first month of.
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1. Will you be hiring employees during your first year of operations?  If so, name their positions and describe the required qualifications, anticipated compensation, and how they will help your business. 2. Provide contact information for your accountant, attorney, banker, and insurance agent. 3. What are your policies toward employees? How do.
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  2.Assume that Jimmie rejects Greg’s offer. Brainstorm three other financing strategies for Jimmie to investigate. 3.Jimmie’s mother agrees to loan him $3,000 at an 8 percent interest rate. Calculate the total amount Jimmie will owe to his mother. 4.Jimmie will sell his ice cream cones for $2 each. Assume the following about.
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  2. Imagine a scenario where you are Mr. Parks.  What do you think you would have done after the conversation with Mr. Jackson? Write a paragraph describing your action plan. 3. Write a paragraph describing Mr. Jackson’s philosophy of human-resources management. 4. List some examples of why the ladies might see the.
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  1.List 10 mistakes that Mike made with respect to customer relations and management of his business. 2.For each business error, identify why it was a mistake. For example, poor customer relations, lack of planning, and poor cash-flow management are some identifiable errors. 3.If you could turn back the clock and work with.
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Section 1.1 Review Questions 1.What information is provided by the descriptive analytics employed at Magpie Sensing? 2.What type of support is provided by the predictive analytics employed at Magpie Sensing? 3.How does prescriptive analytics help in business decision making? 4.In what ways can actionable information be reported in real time to concerned users of.
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  7. What are antidiscrimination laws? What protections do they include? 1. Enablemart’s founders created a board of advisors early in the life of the company. How might they have taken advantage of the advisors’ counsel when hiring their chairman? 2. Name at least three steps that Nick and Dennis could have taken.
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1.What type of financing will you seek as start-up capital, and why? 2.What steps could you take to improve your creditworthiness? 3.How would you counter the argument from a potential investor that most small businesses fail? 4.What challenges do start-up businesses face?  Explain. 1.Calculate the annual amount of interest (assuming no principal repayment) for.
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  4. Describe the corporate governance plan for your company. It should include five policies (rules) that will be the backbone of your company’s ethics. 5. Thinnow Corporation, an entrepreneurial venture, has developed a weight-loss drug, Fatgo. After an intense FDA review and approval process, Thinnow has received permission to market Fatgo..
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  2.If the owner of Bright Rays Tanning Salon, Inc. invested $200,000 and had an investor pay $45,000 for 15% of the corporation, what is the valuation of the business?  $300,000 1.Why did Oscar Dolorier turn to microlending as a source of capital for his business? 2.Did ACCION USA provide 100 percent of.
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  Section 1.5 Review Questions 1.What are structured, unstructured, and semistructured decisions? Provide two examples of each. 2.Define operational control, managerial control, and strategic planning. Provide two examples of each.     .
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