Questions
passage require analysis and breakdown A budget is a detailed plan, expressed in quantitative terms, that...

passage require analysis and breakdown







A budget is a detailed plan, expressed in quantitative terms, that specifies how resources will be acquired and used during a specified period (Hilton, 2016).
My current company is in the service industry. The following few budgets are prepared and maintained in the company on a quarterly basis: cash budget, operating budget, and human resources budget. For each line of service, a separate budget is prepared to decide the number of members for each team. Since each team member is to be paid salary for the work, therefore a limited number of personnel can be employed keeping in consideration the cost.
Cash budget details the company’s inflows and outflows during the quarter. It helps in prioritizing payments in the budget period. Its primary purpose is to provide the status of the company’s cash position at any given time. The cash budget plays a critical role in planning the firm’s cash needs. Not only does it summarize the various cash inflows and outflows from operations, as represented in the cash receipts and cash disbursements budgets discussed above, but it also incorporates nonoperational cash flows and addresses financing issues (Hilton, 2016).
Revenues and associated expenses are monitored with the operating budgets to keep the daily expenses within the limits and achieve the targeted revenues.
Human resources budget includes recruiting and hiring, training and development, employee safety and wellness, etc. Timing of the budgeting process begins 4 to 6 months before the start of the financial year and is monitored on a financial basis against the actuals.
Our company is small and even though budgets and forecast are implemented, based on Hilton’s steps on developing and implementing a budget, our company can benefit by implementing or improving in some areas. The informality of the ways its run leaves us with some flexibility in the budgeting process, but we can incorporate new ways to improve the outcomes.

In: Operations Management

South Africa is a unique country with differing cultures: following on this; 1. critically analyze the...

South Africa is a unique country with differing cultures: following on this;

1. critically analyze the four-level levels of conceptualization of Leadership; and then

2. Decide which level of conceptualization of Leadership suits this community best and prepare a systematic exposition that supports your decision.

In: Operations Management

Operations Management 1- What is the Operations sector and what administrative jobs can be found there?...

Operations Management
1- What is the Operations sector and what administrative jobs can be found there?
2- What are the other sectors of a company and what support do they give to Operations?
3- What does the modern consumer ask for?
4- What is a company's strategy and why is it important to take it into consideration in the
Operations management?
5- What is a company's competitiveness and how does it affect the economy of a nation?
6- What do they mean and what are the core competencies?
7- What does productivity measure and how is it interpreted?

In: Operations Management

1- Physical restrictions on the order in which operations are performed on an assembly line are...

1-

Physical restrictions on the order in which operations are performed on an assembly line are referred to as precedence requirements.

Select one:

True

False

2-

Assembly line balancing operates under one constraint.

Select one:

True

False

3-

Muther’s grid is a format for displaying manager preferences for department locations.

Select one:

True

False

4-

Shipbuilding is an example of a fixed-position layout.

Select one:

True

False

5-

Cycle time is no different than flow time.

Select one:

True

False

6-

Cellular layouts reduce transit time and set-up time but they increase in-process inventory.

Select one:

True

False

7-

A product layout requires multidirectional material and product flows.

Select one:

True

False

8-

Cellular layouts attempt to combine the flexibility of process layouts with the efficiency of product layouts.

Select one:

True

False

9-

Inefficiency is a disadvantage of a process layout.

Select one:

True

False

10-

Most service organizations use process layouts.

Select one:

True

False

In: Operations Management

Reflect upon the course and provide a brief summary of the topics/concepts that you found most...

Reflect upon the course and provide a brief summary of the topics/concepts that you found most interesting and relevant to your career. Does any of the material need to be addressed more thoroughly or clarified?

Please list references.

In: Operations Management

What are the options that might be considered in relation to introducing flexible work practices? What...

What are the options that might be considered in relation to introducing flexible work practices? What are any barriers to change and the pros and cons of possible changes?

In: Operations Management

What forms of advertising and promotion does Walmart use? What role does personal selling fulfill for...

What forms of advertising and promotion does Walmart use? What role does personal selling fulfill for Walmart?

*Please include resources*

In: Operations Management

Why is it important to prepare a financial budget? Explain what is meant by the term...

Why is it important to prepare a financial budget?

Explain what is meant by the term "time value of money". For example, why might it be better to receive $8 today, over receiving a promise of $9 seven years from now?

How should one consider the time value of money when planning for retirement? Please share examples within your response.

In: Operations Management

Ron supervises three operations at ACME Company – filling, packing, and labeling. He was promoted from...

Ron supervises three operations at ACME Company – filling, packing, and labeling. He was promoted from within the organization. Last week, Ron informed his operations manager Dan that he was resigning for a better-paying job and one that is closer to his residence. Ron gave Dan a month’s notice and offered to onboard the new supervisor. Each operation is staffed with a crew of lowly-skilled employees but with long tenure and decent pay. Over the course of their employment, they have formed a bond and an informal leader has surfaced from each crew. Ron is facing several operational issues. Employee motivation has been diminished. Morale is low, and absenteeism is at 10%. Overtime rate has risen to 20%. Employees perceive obvious favoritism and unfair labor practices. The productivity numbers are way below standard, and product returns have risen. Each crew seems to work as an island, and intergroup conflict is brewing. Communication is hampered by conflict, indifference, and alienation. Among the groups, Ron has identified two new college graduates as his potential successor; however, the groups especially the informal leaders have not accepted them completely. Therefore, neither can expect a warm welcome from employees who may be passed over for the promotion. Dan is thinking of recruiting outside candidates for the position. This person must be fit for the job and quickly address the issues facing the operations. You are tasked to hire and select the best candidate for the job. Apply all the organizational behavior theories and concepts you have learned over the past few weeks.

Research and present the following requirements: Job description – List all the job information, qualifications, and responsibilities suitable for this position. Recruitment plan – Design how to draw the best applicants for this job including advertising, job posting, and any incentives. Selection process – Use an effective method for narrowing down the list for and selecting the best applicant. Interview Questionnaire – Prepare a list of questions that will be asked during the interview process.

In: Operations Management

You have to site a new paper/pulp factory. Given the choice, where would you locate it...

You have to site a new paper/pulp factory. Given the choice, where would you locate it - on an estuary, on a river or on land? Explain the possible problems in each case and justify your decision.

In: Operations Management

You have been assigned to work on a Marketing group project with randomly selected classmates. When...

You have been assigned to work on a Marketing group project with randomly selected classmates. When you discover who will be your coworkers, you realize that the group is made up of students who do not take their work as seriously as you do. You are given until the end of the semester to complete the project, so you have plenty of time. You decide to take the lead and assign people to specific components of the project. When you meet with the group the first time, you assign the tasks only to find much discontent. Your classmates want to know what made you think you could just tell them what to do.
Which type of conflict is this and what is the loci of conflict?

Its an organizational behavior question

In: Operations Management

Technology cycle begins with the birth of a new technology. True or false? Unit goal setting...

  1. Technology cycle begins with the birth of a new technology. True or false?
  2. Unit goal setting is good for large-system intervention. True or false?
  3. USA is the second highest for individualism. True or false?
  4. Justin Bieber’s picture at a shrine, which offended many people in East Asia, was taken in China. True or false?
  5. Quota is a direct tax on imported goods. True or false?
  6. In South America, consumers were boiling Corn Flakes to give porridge-like consistency. True or false?

In: Operations Management

Skinner's Fish Market buys fresh Boston bluefish daily for $4.2 per kilogram and sells it for...

Skinner's Fish Market buys fresh Boston bluefish daily for $4.2 per kilogram and sells it for $5.7 per kilogram. At the end of each business day, any remaining bluefish is sold to a producer of cat food for $2.4 per kilogram. Daily demand can be approximated by a normal distribution with a mean of 96 kilograms and a standard deviation of 15 kilograms.

What is the optimal stocking level?

*Round your answers to 3 decimal places in your calculation if necessary.

In: Operations Management

What are the disadvantages of high image rating ?

What are the disadvantages of high image rating ?

In: Operations Management

Hi, Please write a short story in around 600 words about "a number of aliens who...

Hi,

Please write a short story in around 600 words about "a number of aliens who are going to contact with the people on the Earth". Please try to make the story as interesting as possible. The story must include 10 words from the following list: Fortune, appliance, fortnight, caution, creature, literature, access and cautious, nuisance, ruin, disastrous, distribute, counterfeit, certificate, collapse, gimmick, conscious, collection, magician, tragedy.

Thank you

In: Operations Management