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In: Accounting
Managers are required to make many tough decisions over the course of a workday. One of...
Managers are required to make many tough decisions over the course of a workday. One of the tough decisions a manager may be faced with is the decision to drop an existing customer from their portfolio. Some companies refuse to drop customers (including non-profitable customers) in the hopes that these unprofitable customers will become profitable in the future. Other companies do not want unprofitable customers impacting their bottom-line year after year and choose to drop them. In your opinion, when should unprofitable customers be dropped (if at all)? Provide an example from a newspaper or other media sources from the past three months to support your argument.
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ekkarill92 answered 1 year agoRelated Solutions
Managers are required to make many tough decisions over the course of a workday. One of...
Managers are required to make many tough decisions over the
course of a workday. One of the tough decisions a manager may be
faced with is the decision to drop an existing customer from their
portfolio.
Some companies refuse to drop customers (including
non-profitable customers) in the hopes that these unprofitable
customers will become profitable in the future.
Other companies do not want unprofitable customers impacting
their bottom-line year after year and choose to drop them.
In your opinion, when...
Managers are required to make many tough decisions over the course of a work day. One...
Managers are required to make many tough decisions over the
course of a work day. One of the tough decisions a manager may be
faced with is the decision to drop an existing customer from their
portfolio.
Some companies refuse to drop customers (including
non-profitable customers) in the hopes that these unprofitable
customers will become profitable in the future.
Other companies do not want unprofitable customers impacting
their bottom line year after year and choose to drop them.
In your...
Identify the biases that frequently cause managers to make bad decisions
Identify the biases that frequently cause managers to make bad
decisions
Case Study Mark Miller, CEO of Jefferson General Hospital, has some tough decisions to make in...
Case Study
Mark Miller, CEO of Jefferson General Hospital, has some tough
decisions to make in the future. Jefferson General is a
stand-alone, not-for-profit hospital that has a long and proud
tradition of serving the community in which it operates. It was
founded in the midst of the great depression as Jefferson County
Hospital and remained under public control for over 50 years. Then,
in 1986, after years of losses, the county decided that it could no
long afford to...
How can managers make higher-quality decisions? Give an example of decision made by one company and...
How can managers make higher-quality decisions? Give an
example of decision made by one company and discuss how the mangers
will make high quality decision?
Q1. How can managers make higher-quality decisions? Give an example of decision made by one...
Q1.
How can managers make higher-quality decisions? Give an example of
decision made by one company and discuss how the mangers will make
high quality decision? (3 Points)
Q2. Give a numerical example
of cost function and analyze this cost function? Discuss how is
this cost function used in decision making? (3 Points)
Q3.
Find a numerical example of cost-volume-profit (CVP) analysis, and
analyze how CVP analysis is used for decision making? (4
Points)
How can managers make higher-quality decisions? Give an example of decision made by one company and...
How can managers make higher-quality decisions? Give an example
of decision made by one company and discuss how the mangers will
make high quality decision?
Subject Cost Accounting
A club professional at a major golf course claims that the course is so tough that...
A club professional at a major golf course claims that the
course is so tough that even professional golfers rarely break par
of 73. The scores from a random sample of 20 professional golfers
are listed below. Find the test statistic x to test the club
professional's claim. 72 70 73 73 76 75 67 79 73 78 70 72 74 74 81
79 73 75 76 66
Answer choices: 6, 10, 4, 14
Emergency managers are sometimes forced to make ethical and moral decisions in the aftermath of a...
Emergency managers are sometimes forced to make ethical and
moral decisions in the aftermath of a disastrous event. Imagine
that you are an emergency manager, and your team is running short
on medical supplies. How would you personally decide which disaster
victims would receive access to these medical supplies? What would
you do if victims began accusing you of racism or bias against
certain religions as a result of your decision?
Managers often make the mistake of basing decisions on the amount of time and effort that...
Managers often make the mistake of basing decisions on the
amount of time and effort that has gone into a project. In many
cases, they are reluctant to cancel a project out of fear of being
viewed as having wasted resources, or due to an emotional
attachment to their prior choices. Why is this so? Should managers
consider past investments when making decisions? Is the textbook's
recommendations regarding sunk costs realistic in a modern
corporate environment? Offer examples to support...
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