General Information on these three question 1. Why is GM abandoning monthly sales reporting? 2. ...

General Information on these three question

1. Why is GM abandoning monthly sales reporting?

2. How does monthly sales reporting drive employee behavior? What are the negative behaviors resulting from monthly car sales reporting?

3. How will the changes in sales reporting impact employee behavior? What are the expected positive and negative implications?

Expert Solution

1. GM is abandoning monthly sales reporting for the following reasons:

The market is highly competitive and dynamic. 30 days is not enough to separate real sales trends from short-term fluctuations.
Quarterly reports will make it easier to see how the business is performing
Monthly sales reports do not give a clear picture whether a company or a model is doing well as there is too much variability

2. Changes in sales reporting may lead to changes in performance and goal expectations of the employees. This can have an impact on the motivation of the employees.

Changes in targets from monthly to quarterly may make some employees more lenient thereby negatively affecting their performance. At the same time this can improve the performance of some other employees as this will put them in more ease in doing their duties.

3. Employee motivation depends on the changes in incentives and rewards. If incentives becomes higher and the employees can work with much ease, their performance will improve. On the other hand, if the incentives become negatively affected when compared to the current system or if the changes lead to a more stressful environment, the performance and motivation of the employees might be negatively affected.

keosha answered 7 months ago

QUESTION # 2 C. The General Manager (GM) of a car dealership is working on a...

QUESTION # 2 C. The General Manager (GM) of a car dealership is working on a three-year business plan. The GM expects inflation to rise over the next three years. • How will higher inflation affect the number of vehicles the dealership can sell? • Based on the GM’s inflation expectation what type of loan should the dealership arrange with its bank in order finance its inventory of automobiles?

suppose the following information represents the return for General Motors (GM) and American Telephone & Telegraph...

suppose the following information represents the return for General Motors (GM) and American Telephone & Telegraph (ATT) common stocks over a five-year period: Year Revenue GM ATT 1 10% 12% 2 4 6 3 -9 -10 4 20 22 5 5 5 a) what is the mean return for the GM common stock? what is it for ATT common stock? b) what is the variance of the return for GM common stock? what is it for the ATT common stock?...

1. Describe three threats in the general ledger and reporting system and identify corresponding controls for...

1. Describe three threats in the general ledger and reporting system and identify corresponding controls for each threat. 2. How is an audit trail used in the general ledger and reporting system? 3. Explain the benefits of XBRL.

In financial accounting and rules of financial reporting 1. What are leases? 2. Why is reporting...

In financial accounting and rules of financial reporting 1. What are leases? 2. Why is reporting of them required? 3. What information is disclosed? 4. What does this information tell you about a company?

Question 2 An operations manager of a large firm is studying the monthly sales (in $’000)...

Question 2 An operations manager of a large firm is studying the monthly sales (in $’000) of three subsidiary companies over a six-month period as given in the table below. Company A Company B Company C 152 148 150 135 158 148 130 136 126 142 138 128 125 140 140 128 127 135 At the 0.01 significance level, can we conclude that there is a difference in the means of monthly sales of the three subsidiary companies over a...

1. Why financial statements are valuable sources of information about companies. 2. How financial reporting addresses...

1. Why financial statements are valuable sources of information about companies. 2. How financial reporting addresses the information demands of current or potential stakeholders allocating resources and monitoring manager activities. 3. How the supply of financial information is influenced by the costs of producing and disseminating it and by the benefits it provides.. 4. How accounting rules are established, and why those management can shape the financial information communicated to outsiders and still be within those rules. 5. Why financial...

1. Why did GM decide to re-design Avtovaz Niva model? Why not any other model? 2....

1. Why did GM decide to re-design Avtovaz Niva model? Why not any other model? 2. What economic and political factors did GM face when entering the Russian Auto Market? 3. Avtovaz was a large provider of utility vehicles for the Russian Military from its inception till the fall of the communist regime. How do you see this merger affecting that market? 4. What kind of car you are planning on selling, as American cars are large and not efficient?...

Question (20 Marks) General Motors (GM) is evaluating a maintenance contract for its heavy equipment. One...

Question General Motors (GM) is evaluating a maintenance contract for its heavy equipment. One company has offered GM a four-year contract for R100,000 to be paid in advance. Another company has offered an eight-year contract for R165,000, also to be paid in advance. GM will be able to save R34,000 per year under either contract because its employees will no longer have to do the work themselves. Required 1. If GM’s cost of capital is 10%, which project should be...

1- What are the three general approaches to production? 2- What are the three principles that...

1- What are the three general approaches to production? 2- What are the three principles that production planners follow?

Question 1 a) Briefly discuss the reporting requirements of IPSAS 24: Presentation of Budget Information, and...

Question 1 a) Briefly discuss the reporting requirements of IPSAS 24: Presentation of Budget Information, and justify the relevance of this standard in governmental budgeting and accountability b) The concept of Value for Money (VFM) in the public sector has been associated with the 5Es. The relevant elements of the VFM can be applied as an assessment tool for almost all government programmes/projects. Using relevant public sector examples, you are required to: i) Demonstrate how the concept of VFM is...

Question