UOP MGT410 Week 1 Individual Paper – memo

UOP MGT410 Week 1 Individual Paper – memo

Question

Individual Project Proposal

Consider the following scenario:

You have been hired by a large company with branch offices around the country to assist with rollout of a new companywide compliance system.

While initially the focus was on implementation of the technology, it was found that success will require at least 10 hours of training for all managers across the country on both the use of the new platform as well as a host of new compliance policies being introduced.

Of the options discussed, it was generally agreed than the training should be hands-on and conducted in person at a central location. This will obviously require getting organizational buy in as not all managers are going to be willing to commit to taking time out from their normal responsibilities just for some training.

In addition, such large scale centralized training has not been done before by this company; therefore, the CEO wants feedback from participants to evaluate the effectiveness of any training sessions.

As a result, your manager has given you the responsibility to develop an outline for a proposed project that would meet this upcoming need.

Submit a 2- to 3-page memo that does the following:

· Names the project

· Briefly describes the project

· Identifies potential stakeholders directly or indirectly involved

· Specifies the overall objective and any outcomes for this project

· Details how success will be evaluated

· Highlights what is needed to ascertain the measurable organizational value (MOV) of this project.

You will need to make some assumptions (it is even encouraged) but the assumptions must be documented. See below for the grading template for this assignment. Also please use the recommended document template, posted in the Course Materials forum, to write the assignment.

maths assignments

maths assignments

Question

Quantitative Analysis BA 452 Homework 3 Questions

27. Golf Shafts, Inc. (GSI), produces graphite shafts for several manufacturers of golf clubs. Two GSI manufacturing facilities, one located in San Diego and the other in Tampa, have the capability to produce shafts in varying degrees of stiffness, ranging from regular models used primarily by average golfers to extra stiff models used primarily by low-handicap and professional golfers. GSI just received a contract for the production of 200,000 regular shafts for previous orders, neither plant has sufficient capacity by itself to fill the new order. The San Diego plant can produce up to a total of 180,000 shafts. Because the equipment differences at each of the plants and differing labor costs, the per-unit production costs vary as shown here:

San Diego Cost

Tampa Cost

Regular shaft

$5.25

$4.95

Stiff shaft

$5.45

$5.70

a. Formulate a linear programming model to determine how GSI should schedule production for the new order in order to minimize the total production cost.

b. Solve the model that you developed in part (a).

c. Suppose that some of the previous orders at the Tampa plant could be rescheduled in order to free up additional capacity for the new order. Would this option be worthwhile? Explain.

d. Suppose that the cost to produce a stiff shaft in Tampa had been incorrectly computed, and that the correct cost is $5.30 per shaft. What effect, if any, would the correct cost have on the optimal solution developed in part (b)? What effect would it have on the total production cost?


Quantitative Analysis BA 452 Homework 3 Questions

28. The Pfeiffer Company manages approximately $15 million for clients. For each client, Pfeiffer choose a mix of three investment vehicles: a growth stock fund, an income fund, and a money market fund. Each client has different investment objectives and different tolerances for risk. To accommodate these differences, Pfeiffer places limits on the percentage of each portfolio that may be invested in the three funds and assigns a portfolio risk to each client.

Here’s how the system works for Dennis Hartman, one of Pfeiffer’s clients. Based on an evaluation of Hartmann’s risk tolerance, Pfeiffer has assigned Hartmann’s portfolio a risk index of 0.05. Furthermore, to maintain diversity, the fraction of Hartmann’s portfolio invested in the growth and income funds must be at least 10% for each, and at least 20% must be in the money market fund.

The risk ratings for the growth, income, and money market funds are 0.10, 0.05, and 0.01, respectively. A portfolio risk index is computed as a weighted average of the risk ratings for the three funds where the weights are the fraction of the portfolio invested in each of the funds. Hartmann has given Pfeiffer $300,000 to manage. Pfeiffer is currently forecasting a yield of 20% growth fund, 10% on the income fund, and 6% on the money market fund.

a. Develop a linear programming model to select the best mix of investments for Hartmann’s portfolio.

b. Solve the model you developed in part (a).

c. How much may the yields on the three funds vary before it will be necessary for Pfeiffer to modify Hartmann’s portfolio?

d. If Hartmann were more risk tolerant, how much of a yield increase could be expect? For instance, what if his portfolio risk index is increased to 0.06?

e. If Pfeiffer revised the yield estimate for the growth fund downward to 0.10, how would you recommend modifying Hartmann’s portfolio?

f. What information must Pfeiffer maintain on each client in order to use this system to manage client portfolios?

g. On a weekly basis Pfeiffer revises the yield estimates for the three funds. Suppose Pfeiffer has 50 clients. Describe how you would envision Pfeiffer making weekly modifications in each client’s portfolio and allocating the total funds managed among the three investment funds.


Quantitative Analysis BA 452 Homework 3 Questions

29. La Jolla Beverage Products is considering producing a wine cooler that would be a blend of white wine, a rose wine, and fruit juice. To meet taste specifications, the wine cooler must consist of at least 50% white wine, at least 20% and no more than 30% rose wine, and exactly 20% fruit juice. La Jolla purchases wine from local wineries and the fruit juice from a processing plant in San Francisco. For the current production period, 10,000 gallons of white wine and 8,000 gallons of rose wine can be purchased; an unlimited amount of fruit juice can be ordered. The costs for the wine are $1.00 per gallon for the white and $1.50 per gallon for the rose; the fruit juice can be purchased for $0.50 per gallon. La Jolla Beverage Products can sell all of the wine cooler they produce for $2.50 per gallon.

a. Is the cost of the wine and fruit juice a sunk cost or a relevant cost in this situation? Explain.

b. Formulate a linear program to determine the blend of the three ingredients that will maximize the total profit contribution. Solve the linear program to determine the number of gallons of each ingredient La Jolla should purchase and the total profit contribution they will realize from this blend.

c. If La Jolla could obtain additional amounts of the white wine, should they do so? If so, how much should they be willing to pay for each additional gallon, and how many additional gallons would they want to purchase?

d. If La Jolla Beverage Products could obtain additional amounts of the rose wine, should they do so? If so, how much should they be willing to pay for each additional gallon, and how many additional gallons would they want to purchase?

e. Interpret the dual value for the constraint corresponding to the requirement that the wine cooler must contain at least 50% white wine. What is your advice to management given this dual value?

f. Interpret the dual value for the constraint corresponding to the requirement that the wine cooler must contain exactly 20% fruit juice. What is your advice to management given this dual value?


Quantitative Analysis BA 452 Homework 3 Questions

30. The program manager for Channel 10 would like to determine the best way to allocate the time for the 11:00-11:30 evening news broadcast. Specifically, she would like to determine the number of minutes of broadcast time to devote to local news, national news, weather, and sports. Over the 30-minute broadcast, 10 minutes are set aside for advertising. The station’s broadcast policy states that at least 15% of the time available should be devoted to local news coverage; the time devoted to local news or national news must be at least 50% of the total broadcast time; the time devoted to the weather segment must be less than or equal to the time devoted to the sports segment; the time devoted to the sports segment should be no longer than the total time spent on the local and national news; and at least 20% of the time should be devoted to the weather segment. The production costs per minute are $300 for local news, $200 for national news, $100 for weather, and $100 for sports.

a. Formulate and solve a linear program that can determine how the 20 available minutes should be used to minimize the total cost of producing the program.

b. Interpret the dual value for the constraint corresponding to the available time. What advice would you give the station manager given this dual value?

c. Interpret the dual value for the constraint corresponding to the requirement that at least 15% of the available time should be devoted to local coverage. What advice would you give the station manager given this dual value?

d. Interpret the dual value for the constraint corresponding to the requirement that the time devoted to the local and the national news must be at least 50% of the total broadcast time. What advice would you give the station manager given this dual value?

e. Interpret the dual value for the constraint corresponding to the requirement that the time devoted to the weather segment must be less than or equal to the time devoted to the sports segment. What advice would you give the station manager given this dual value?


Quantitative Analysis BA 452 Homework 3 Questions

31. Gulf Coast Electronics is ready to award contracts for printing their annual report. For the past several years, the four-color annual report has been printed by Johnson Printing and Lakeside Litho. A new firm, Benson Printing, inquired into the possibility of doing a portion of the printing. The quality and service level provided by Lakeside Litho has been extremely high; in fact, only 0.5% of their reports have had to be discarded because of quality problems. Johnson Printing has also had a high quality level historically, producing an average of only 1% unacceptable reports. Because Gulf Coast Electronics has had no experience with Benson Printing, they estimated their defective rate to be 10%. Gulf Coast would like to determine how many reports should be printed by each firm to obtain 75,000 acceptable-quality reports. To ensure that Benson Printing will receive some of the contract, management specified that the number of reports awarded to Benson Printing must be at least 10% of the volume given to Johnson Printing. In addition, the total volume assigned to Benson Printing, Johnson Printing, and Lakeside Litho should not exceed 30,000, 50,000, and 50,000 copies, respectively. Because of the long-term relationship with lakeside Litho, management also specified that at least 30,000 reports should be awarded to Lakeside Litho. The cost per copy is $2.45 for Benson Printing, $2.50 for Johnson Printing, and $2.75 for Lakeside Litho.

a. Formulate and solve a linear program for determining how many copies should be assigned to each printing firm to minimize the total cost of obtaining 75,000 acceptable quality reports.

b. Suppose that the quality level for Benson Printing is much better than estimated. What effect, if any, would this quality level have?

c. Suppose that management is willing to reconsider their requirement that the Lakeside Litho be awarded at least 30,000 reports. What effect, if any, would this consideration have?


Quantitative Analysis BA 452 Homework 3 Questions

32. PhotoTech, Inc., a manufacturer of rechargeable batteries for digital cameras, signed a contract with a digital photography company to produce three different lithium-ion battery packs for a new line of digital cameras. The contract calls for the following:

Battery Pack

Production Quantity

PT-100

200,000

PT-200

100,000

PT-300

150,000

PhotoTech can manufacture the battery packs at manufacturing plants located in the Philippines and Mexico. The unit cost of the battery packs differs at the two plants because of differences in production equipment and wage rates. The unit costs for each battery pack at each manufacturing plant are as follows:

maths assignmentsmaths assignmentsmaths assignments

Plant

maths assignments

Product

Philippines

Mexico

PT-100

$0.95

$0.98

PT-200

$0.98

$1.06

PT-300

$1.34

$1.15

The PT-100 and PT-200 battery packs are produced using similar production equipment available at both plants. However, each plant has a limited capacity for the total number of PT-100 and PT-200 battery packs produced. The combined PT-100 and PT-200 production capacities are 175,000 units at the Philippines plant and 160,000 units at the Mexico plant. The PT-300 production capacities are 75,000 units at the Philippines plant and 100,000 units at the Mexico plant. The cost of shipping from the Philippines plant is $0.18 per unit, and the cost of shipping from the Mexico plant is $0.10 per unit, and the cost of shipping from the Mexico plant is $0.10 per unit.

a. Develop a linear program that PhotoTech can use to determine how many units of each battery pack to produce at each plant in order to minimize the total production and shipping cost associated with the new contract.

b. Solve the linear program developed in part (a) to determine the optimal production plan.

c. Use sensitivity analysis to determine how much the production and/or shipping cost per unit would have to change in order to produce additional units of the PT-100 in the Philippines plant.

d. Use sensitivity analysis to determine how much the production and/or shipping cost per unit would have to change in order to produce additional units of the PT-200 in the Mexico plant.



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Question

91. As a manager at Get-Rich-Quick Investments (GRQ), Claus Cloudy spends much of his time coaching young managers and making sure that needed information reaches the GRQ branches so they will be successful. Claus would best be described as a (an)
A. frontline manager.
B. tactical manager.
C. operational manager.
D. top-level manager.
E. institutional controller.


92. In smaller entrepreneurial firms and even in more adaptive larger firms, managers
A. are no longer utilized.
B. rely more heavily on technical skills.
C. serve as "experts" on whom the entire firm depends.
D. have strategic, tactical and operational responsibilities.
E. focus on internal operations only.

93. A(n) __________ skill is the ability to perform a specialized task that involves a certain method or process.
A. conceptual
B. decision
C. interpersonal
D. communication
E. technical

94. Which of the following represent skills that managers need?
A. Interpersonal & communication, conceptual & decision, and professional
B. Technical, interpersonal & communication and conceptual & decision
C. Professional, technical, and interpersonal & communication
D. Conceptual & decision, professional and technical
E. Professional, technical, and conceptual & decision

95. Using a particular software program at an expert level, compilation of an accounting statement, and writing advertising copy are all examples of which type of skill?
A. Technical
B. Professional
C. Conceptual
D. Interpersonal
E. Quantitative


96. Which of Mintzberg's roles involves searching for new business opportunities and initiating new projects to create change?
A. Leader
B. Figurehead
C. Entrepreneur
D. Resource allocator
E. Monitor

97. Which of Mintzberg's roles involves speaking on behalf of the organization?
A. Disseminator
B. Spokesperson
C. Liaison
D. Figurehead
E. Disturbance handler

98. Which of the following roles, as defined by Mintzberg is a decisional role?
A. Spokesperson
B. Liaison
C. Leader
D. Negotiator
E. Monitor

99. The President of Delta Design, LLC attended the opening ceremony for a customer's new office complex. Which of Mintzberg's roles was the President playing in this situation?
A. Leader
B. Liaison
C. Figurehead
D. Spokesperson
E. Resource allocator


100. When a customer service manger works to diffuse a situation with an irate customer, which of Mintzberg's roles is he/she taking on?
A. Liaison
B. Disturbance handler
C. Negotiator
D. Resource allocator
E. Leader

101. ______________ skills influence a manager's ability to work well with people.
A. Decisional
B. Technical
C. Interpersonal
D. Professional
E. Conceptual

102. Listening to employee suggestions, gaining support for organizational objectives and fostering an atmosphere of teamwork are all considered
A. technical skills.
B. interpersonal/communication skills.
C. diagnostic skills.
D. professional skills.
E. conceptual skills.

103. Managers will utilize _____________ skills with increasing frequency as they rise within an organization.
A. conceptual and decision
B. informational
C. technical
D. professional
E. negotiation


104. Top management at Sunset Studios, Inc. recognized a lack of employee enthusiasm about the new website. In fact there was a fair amount of infighting and blame around whom was responsible for the layout, given the entire firm considered itself to be tops in design and production. Sammy Sunset got the team together and engaged them in a lively discussion to determine how to change the website so that it reflected more of Sunset Studios' unique design ability. As the meeting wound down, each team member volunteered to take on a part of the project to fix the site. The ability to identify this problem and resolve it is an effective use of __________ skills.
A. conceptual and decision
B. informational
C. technical
D. professional
E. negotiation

105. The importance of managerial skills is exemplified by which of the following statements?
A. Obtaining high performance from people in the organization is easy because of the authority managers will continue to have over knowledge workers.
B. Upper-level managers need technical skills to manage supervisory personnel.
C. Supervisory level managers have the most contact with the top-level managers.
D. Conceptual and decision skills become less important than technical skills as a manager rises higher in the company.
E. Interpersonal skills are important throughout a manager's career, at every level of management.

106. The set of skills composed of understanding yourself, managing yourself and dealing effectively with others is called
A. self reliance.
B. social capital.
C. emotional intelligence.
D. career management.
E. social management.


107. Which of the following is a component of emotional intelligence?
A. Making good decisions
B. Dealing with power plays made by others
C. Understanding the shortcomings of those you work with
D. Advising others how to become happier at work
E. Helping others understand you are correct

108. A common complaint about leaders, especially those who are newly-appointed is that they lack which of the following?
A. Emotional understanding
B. Empathy
C. The ability to receive feedback from subordinates
D. Decision making skills
E. Self control

109. Which of the following is a recommendation for forging a successful career?
A. Be a specialist.
B. Be self-reliant
C. Be a generalist.
D. Actively manage your relationship with your organization.
E. All of the above are recommendations for forging a successful career.

110. Being self-reliant means
A. to take full responsibility for yourself, your actions, and your career.
B. responding when others have innovative ideas.
C. always waiting for orders from higher in the organization.
D. knowing that the organization will manage your career.
E. responding before orders come from higher in the organization.


111. Goodwill stemming from social relationships is called
A. social empathy.
B. social capital.
C. emotional intelligence.
D. emotional capital.
E. empathetic goodwill.

112. When you view yourself as an employee and expect your employer to tell you what to do and give you pay and benefits, you are acting as a(n)
A. active contributor in a productive relationship.
B. agent for social capital.
C. passive employee.
D. example of an emotionally intelligent employee.
E. connected team member.

113. Actively managing your relationship with your organization includes managerial actions such as
A. delivering strategic value.
B. building a dynamic organization.
C. mobilizing people.
D. learning and changing.
E. doing all of the above.

Final Assignment

Final Assignment

Question

The Genesis operations management team, nearing completion of its agreement with Sensible Essentials, was asked by senior management to present a capital plan for the operating expansion. The capital plan was not to be a wish list but an analysis of the necessary expenditures to successfully establish a fully equipped operating facility overseas.

In addition, senior management requested meaningful financial and operating metrics to ensure that the performance objectives for the facility were being met. The operations management team was given five days to accomplish the following:

  1. Calculate the firm’s WACC.
  2. Prepare and analyze each planned capital expenditure.
  3. Evaluate, rank, and recommend the capital expenditures according to beneficial value to the organization, using evaluation tools NPV, payback, and IRR. Evaluation, ranking, and recommendations should be by category of expenditures. For example, facility, equipment 1, 2, and 3, and inspection.
  4. Using the selected choices in part three, calculate the full cost of establishing a fully equipped facility. This would include the facility, equipment 1, 2, and 3, and inspection. In addition, calculate the payback, NPV, and IRR for the completed facility.
  5. Construct and recommend between three and five metrics to measure the performance of the organization. At least one metric should be dividend decision-making driven.
  6. Prepare an executive summary along with a separate document showing the calculations.

Following the example of the operations management team, do the following:

  1. the Capital Budgeting spreadsheet, and compute the WACC for Genesis.
  2. Using the information provided in the spreadsheet, analyze Genesis’s project options.

    Using the information provided, calculate the periodic and cumulative net cash flows for each potential project and its associated options. Please note that there are 5 projects (facility, equipment pieces 1, 2, and 3, and internal inspection) and that each project offers multiple configuration options (facility size, equipment type, etc.).
  3. Evaluate, rank, and recommend a specific option for each capital project according to beneficial value to the organization, using evaluation tools NPV, payback, and IRR.
  4. Construct and recommend between three and five metrics to measure the performance of the new operating strategy. At least one metric should reflect dividend policy as it relates to rewarding shareholders.
  5. Prepare an executive summary describing your recommendations for each project and the overall cost, net cash flows, and expected returns of the operating configuration that you recommend. Be sure to justify your recommendations in terms of the investment criteria applied in Step 3 above. Be sure to report the full cost of the facility as it is configured per your recommendations. Present and justify your operating strategy performance metrics.

Your complete report should include all of your calculations as appendices (5 pages, or 1 page for each project).

Write a 5–6-page report in Word format. Apply APA standards to citation of sources.

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general business data bank

general business data bank

Question

21. A company's political risk includes riots, revolutions, civil disorders, and frequent changes in government.

ANS:

22. Unfortunately, many U.S. managers fail to realize that the values and behaviors that typically govern how business is done in the United States do not translate to the rest of the world.

ANS:

23. Countries that value high power distances normally have cities that are geographically separated and so have the need to transport electrical energy over large distances.

ANS:

24. The social value of uncertainty avoidance is evident in countries like Japan which support beliefs that provide stability and conformity among its citizenry.

ANS:

25. In countries with strong masculine social values including Austria and Japan, both men and women subscribe to the dominant masculine value.

ANS:

26. Collectivism means a preference for a tightly knit social framework in which individuals look after one another and organizations protect their members' interests.

ANS:

27. The fifth dimension of Hofstede's social values is preliminary-term orientation and extended-term orientation.

ANS: :

28. According to the GLOBE Project, a society with a high performance orientation places high emphasis on performance and rewards people for performance improvements and excellence.

ANS:

29. According to the GLOBE Project, gender differentiation refers to the extent to which a society maximizes gender role differences.

ANS:

30. According to Spotlight on Skills box in Chapter 3, the polite way to give your business card to a Japanese business person is when first meeting, presenting your card with both hands.

ANS:

31. According to Spotlight on Skills box in Chapter 3, being on-time for appointments is very important in Brazil.

ANS:

32. Social values greatly influence organizational functioning and management styles.

ANS:

33. According to the GLOBE Value Dimensions, Japan and Russia both have very high performance orientation.

ANS:

34. A low-context culture is a culture in which communication is used to enhance personal relationships.

ANS:

35. Linguistic pluralism occurs in countries like India where more than one language exist.

ANS: :

36. A high-context interaction requires more time because a relationship has to be developed, and trust and friendship must be established.

ANS:

37. German, Swiss, and North American cultures are among the high-context cultures.

ANS:

38. When an organization has an instrumental attitude toward people it treats employees as a resource to be used.

ANS:

39. When an organization has a humanistic attitude, it values employees as an end in themselves.

ANS:

40. Ethnocentrism refers to a natural tendency of people to regard their own culture as superior and to downgrade or dismiss other cultural values.

ANS:

uop OI/361 week 1 assignment

uop OI/361 week 1 assignment

Question

Week One: Introduction to Innovation, Design, and Creativity

Details

Due

Points

Objectives

1.1 Compare and contrast innovation, design, and creativity.

1.2 Analyze the benefits of innovation, design, and creative thinking in meeting organizational objectives.

1.3 Identify the internal and external drivers of innovation.

10/17

Reading

Read Ch. 1 of Managing Innovation, Design and Creativity.

10/17

Reading

Read Ch. 20 of Managing Innovation, Design and Creativity.

10/17

Reading

Read Ch. 30 of Managing Innovation, Design and Creativity.

10/17

Reading

Read this week’s Electronic Reserve Readings.

10/17

Participation

Participate in class discussion.

10/17

3

Individual

Definition Paper

Write a 350- to 700-word paperthat definesand compares and contrasts the following:

· Innovation

· Design

· Creativity

Describe the importance of the threeitemsin meeting organizational

objectives.

Includeat least one source other than the textbook.

Formatyour paper consistent with APAguidelines.

10/17

10

As defined in your reading the

As defined in your reading the

Question

As defined in your reading the business-to business (B2B) model is an intricate part of the e-commerce process for business to generate revenue.


Research the library and the Internet, and provide at least 1 example of a B2B company that exists (for example, a commerical wholesaler selling its materials to the manufacture or retailer) and provide your analysis of this site. Also discuss whether you believe that it is easy to navigate and wether you feel it creates an atmosphere that would prompt growth. Also identify what B2B method is being utilized by the site. Be sure to provide the Web site address in your posting.

3-4 paragraphs cite and references.

general business data bank

general business data bank

Question

26. Which of the following means that the goals to be achieved or the problem to be solved is unclear, alternatives are difficult to define, and information about outcomes is unavailable?

a.

Certainty

b.

Risk

c.

Uncertainty

d.

Ambiguity

e.

Brainstorming

27. The condition under which ambiguity occurs is when:

a.

alternatives are difficult to define.

b.

objectives are well defined.

c.

information about outcomes is readily available.

d.

all the alternatives are known.

e.

decisions are already made.

28. The classical model of decision making is based on ____ assumptions.

a.

philosophical

b.

irrational

c.

economic

d.

uncertainty

e.

technological

29. Riley is a manager at the Tinker Tools. She is expected to make decisions that are in the organization's best economic interests. Her decisions should be based on which of the following models?

a.

The administrative model of decision making

b.

The garbage can model of decision making

c.

The scientific management model of decision making

d.

The classical model of decision making

e.

The humanistic model of decision making

30. Which of these assumptions are included in the classical model of decision making?

a.

Problems are unstructured and ill defined.

b.

The decision-maker strives for conditions of certainty.

c.

Criteria for evaluating alternatives are unknown.

d.

The decision-maker selects the alternatives that will minimize the economic return to the organization.

e.

The situation is always uncertain.

31. Which approach defines how a decision-maker should make decisions?

a.

normative

b.

scientific

c.

descriptive

d.

reflective

e.

humanistic

32. ____ is the approach that defines how a decision maker should make decisions and provides guidelines for reaching an ideal outcome for the organization.

a.

Administrative

b.

Descriptive

c.

Normative

d.

Bounded rationality

e.

None of these

33. The ____ model of decision making is most valuable when applied to ____.

a.

administrative, programmed decisions

b.

classical, nonprogrammed decisions

c.

classical, programmed decisions

d.

classical, ambiguous decisions

e.

administrative, structured decisions

34. ____ approach describes how managers actually make decisions, where as ____ approach defines how a decision-maker should make decisions.

a.

Normative, descriptive

b.

Normative, classical

c.

Descriptive, normative

d.

Descriptive, administrative

e.

Normative, administrative

35. Which model of decision making is associated with satisficing, bounded rationality, and uncertainty?

a.

classical

b.

administrative

c.

quantitative

d.

rational

e.

political

36. The ____ model of decision making describes how managers actually make decisions in situations characterized by nonprogrammed decisions, uncertainty, and ambiguity.

a.

normative

b.

classical

c.

administrative

d.

scientific management

e.

objective

37. The concept that people have the time and cognitive ability to process only a limited amount of information on which to base decisions is known as

a.

satisficing.

b.

bounded rationality.

c.

classical model of decision making.

d.

normative approach.

e.

scientific approach.

38. The essence of ____ is to choose the first solution available.

a.

bounded rationality

b.

creativity

c.

decision maximization

d.

satisficing

e.

the classical model of decision making

:

39. Melissa is a manager at InStylez Clothing. Her job is very complex and she feels that she does not have enough time to identify and/or process all the information she needs to make decisions. Melissa's situation is most consistent with which of the following concepts?

a.

Bounded rationality

b.

The classical model of decision making

c.

Satisficing

d.

Brainstorming

e.

Scientific management

40. Intuition is based on ____, but lacking in ____.

a.

conscious thought, practicality

b.

experience, applicability

c.

a solid analysis, applicability

d.

experience, conscious thought

e.

thought-process, guts

41. Most managers settle for a ____ rather than a(n) ____ solution.

a.

minimizing; maximizing

b.

satisficing; maximizing

c.

top-level; bottomline

d.

maximizing; satisficing

e.

challenging; simple

42. Which of the following is the process of forming alliances among managers during the decision making process?

a.

Networking

b.

Socializing

c.

Coalition building

d.

Satisficing

e.

Passing the buck

43. The ____ model closely resembles the real environment in which most managers and decision-makers operate.

a.

normative

b.

administrative

c.

descriptive

d.

classical

e.

political

44. All of these are basic assumptions of the political model EXCEPT

a.

organizations are made up of groups with diverse interests, goals, and values.

b.

information is clear and complete.

c.

managers do not have the time, resources, or mental capacity to identify all dimensions of the problem.

d.

managers engage in the push and pull of debate to decide goals and discuss alternatives.

e.

all of these are basic assumptions of the political model.

45. All of the following are characteristics of the classical decision making model EXCEPT

a.

clear-cut problems and goals.

b.

conditions of certainty.

c.

rational choice by individual for maximizing outcomes.

d.

limited information about alternatives and their outcomes.

e.

all of these are characteristics of classical decision making model.

46. All of the following are characteristics of the administrative decision making model EXCEPT

a.

vague problem and goals.

b.

conditions of certainty.

c.

limited information about alternatives and their outcomes.

d.

satisficing choice.

e.

all of these are characteristics of administrative decision making model.

47. Shirley works in the human resource department at Turtle Shells, Inc. She believes she is seeing an increase in drinking problems among the workforce. She thinks she needs to investigate further. She is at what stage of the managerial decision making process?

a.

Diagnosis and analysis of causes

b.

Development of alternatives

c.

Recognition of decision requirement

d.

Evaluation and feedback

e.

Selection of desired alternatives

48. A(n) ____ occurs when the organizational accomplishment is less than established goals.

a.

strength

b.

threat

c.

diagnosis

d.

opportunity

e.

problem

49. ____ is the step in the decision-making process in which managers analyze underlying causal factors associated with the decision situation.

a.

Analysis

b.

Diagnosis

c.

Recognition

d.

Judgment

e.

Identification

50. Which of the following is the first step in the managerial decision making process?

a.

Evaluation and feedback

b.

Development of alternatives

c.

Recognition of decision requirement

d.

Diagnosis and analysis of causes

e.

Selection of desired alternatives

FIN 335 problemds

FIN 335 problemds

Question

1. The exchange rate is 1.22 Swiss francs per U.S. dollar. How many U.S. dollars are needed to purchase 1,500 Swiss francs?

2. You are planning an extended trip to Hong Kong. You have located some housing that you can lease for 9,400 Hong Kong dollars per month. What is the cost per month in U.S. dollars if the exchange rate is HK$1 = $.1279?

3. Your German friend has decided to come and visit you in the U.S. You estimate the cost of her trip at $4,800. What is the cost to her in Euros if the U.S. dollar equivalent of the euro 1.58?

4. Currently, you can purchase either 106 Canadian dollars or 123 Japanese yen for $100. What is the C$/¥ cross rate?

5. Breakeven Point Analysis: TeeOff Corp produces golf umbrellas for several sports retail outlets. Their fixed costs are $600,000. The sell the umbrellas for $9.25 (MSRP). The variable costs per umbrella (labor and material) is $4.25. How many umbrellas must they sell to breakeven?



6.Clemson Software is considering a new project whose data are shown below. The required equipment has a 3-year taxlife, after which it will be worthless, and it will be depreciated by the straight-line method over 3 years. Revenues and other operating costs are expected to be constant over the project's 3-year life. What is the project's Year 1 cash flow?

Equipment cost (depreciable basis) $65,000

Straight-line depreciation rate 33.333%

Sales revenues, each year $60,000

Operating costs (excl. depreciation) $25,000

Tax rate 35.0%

7. As assistant to the CFO of Boulder Inc., you must estimate the Year 1 cash flow for a project with the following data. What is the Year 1 cash flow?

Sales revenues $13,000

Depreciation $4,000

Other operating costs $6,000

Tax rate 35.0%

8. Your company, CSUS Inc., is considering a new project whose data are shown below. The required equipment has a 3-year tax life, and the accelerated rates for such property are 33%, 45%, 15%, and 7% for Years 1 through 4. Revenues and other operating costs are expected to be constant over the project's 10-year expected operating life. What is the project's Year 4 cash flow?

Equipment cost (depreciable basis) $70,000

Sales revenues, each year $42,500

Operating costs (excl. depreciation) $25,000

Tax rate 35.0%

general business data bank

general business data bank

Question

26. The method for tax amortization is always the straight-line method.

27. All assets subject to amortization have the same recovery period.

28. Goodwill and customer lists are examples of section 197 amortizable assets.

29. Taxpayers may always expense a portion of start-up costs and organizational expenditures.

30. Businesses may immediately expense research and experimentation expenditures or they may elect to

capitalize these costs and amortize them using the straight-line method over a period of not less than 60

months.

31. The manner in which a business amortizes a patent or copyright is the same whether the business directly

purchases the patent or copyright or whether it self-creates the intangible.

32. Depletion is the method taxpayers use to recover their capital investment in natural resources.

33. In general, major integrated oil and gas producers may take the greater of cost or percentage

depletion.

34. Cost depletion is available to all natural resource producers.

35. Businesses deduct percentage depletion when they sell the natural resource and they deduct cost depletion

in the year they produce or extract the natural resource.

36. Tax cost recovery methods do not include:

A. Amortization

B. Capitalization

C. Depletion

D. Depreciation

E. All of the above are tax cost recovery methods

37. Which of the following is not depreciated?

A. Automobile

B. Building

C. Patent

D. Machinery

E. All of the above are depreciated

38. Which of the following is not usually included in an asset's tax basis?

A. Purchase price

B. Sales tax

C. Shipping

D. Installation costs

E. All of the above are included in an asset's tax basis

39. Which of the following would be considered an improvement rather than a routine maintenance?

A. Oil change

B. Engine overhaul

C. Wiper blade replacement

D. Air filter change

40. Tax depreciation is currently calculated under what system?

A. Sum of the years digits

B. Accelerated cost recovery system

C. Modified accelerated cost recovery system

D. Straight line system

E. None of the above

41. Which is not an allowable method under MACRS?

A. 150 percent declining balance

B. 200 percent declining balance

C. Straight line

D. Sum of the years digits

E. All of the above are allowable methods under MACRS

42. Which of the allowable methods allows the most accelerated depreciation?

A. 150 percent declining balance

B. 200 percent declining balance

C. Straight line

D. Sum of the years digits

E. None of the above allow accelerated depreciation

43. How is the recovery period of an asset determined?

A. Estimated useful life

B. Treasury regulation

C. Revenue Procedure 87-56

D. Revenue Ruling 87-56

E. None of the above

44. Which of the following depreciation conventions are not used under MACRS?

A. Full-month

B. Half-year

C. Mid-month

D. Mid-quarter

E. All of the above are used under MACRS

45. Which depreciation convention is the general rule for tangible personal property?

A. Full-month

B. Half-year

C. Mid-month

D. Mid-quarter

E. None of the above are conventions for tangible personal property

46. The MACRS recovery period for automobiles and computers is:

A. 3 years

B. 5 years

C. 7 years

D. 10 years

E. None of the above

47. Lax, LLC purchased only one asset during the current year. It placed in service computer equipment (5-

year property) on August 26 with a basis of $20,000. Calculate the maximum depreciation expense for

the current year (ignoring section 179 and bonus expensing):

A. $2,000

B. $2,858

C. $3,000

D. $4,000

E. None of the above

48. Sairra, LLC purchased only one asset during the current year. It placed in service furniture (7-year

property) on April 16 with a basis of $25,000. Calculate the maximum depreciation expense for the

current year, rounding to a whole number (ignoring section 179 and bonus expensing):

A. $1,785

B. $3,573

C. $4,463

D. $5,000

E. None of the above

49. Beth's business purchased only one asset during the current year. It placed in service machinery (7-year

property) on December 1 with a basis of $50,000. Calculate the maximum depreciation expense (ignoring

section 179 and bonus expensing):

A. $1,785

B. $2,500

C. $7,145

D. $10,000

E. None of the above

50. Deirdre's business purchased two assets during the current year. It placed in service computer equipment