Question

In: Physics

Ali plan to start his own business. He plans to operate a burger stall at Queensbay...

Ali plan to start his own business. He plans to operate a burger stall at Queensbay Mall
food court. The menu would include burgers, fries and drinks. Ali will hire one assistant
to aid him. Explain “The System Approach” to management and draw the diagram
representing Ali’s business.

please help me answer this question correctly . please help

Solutions

Expert Solution


Related Solutions

An entrepreneur create his own business. He is a person who plans , organize, operate and...
An entrepreneur create his own business. He is a person who plans , organize, operate and assesses the risk for the purpose of establishing a business venture . Nevertheless there , there are some basic steps that entrepreneurs must follow a. Discuss the entrepreneurship process. b. List and discuss the procedure for the starting Andy business in Ghana . As an entrepreneur or business person , what are the possible challenges and their solutions you found on the ground.
Mr. Ali decided to set-up his own business of Shoe making. He needs raw materials, building,...
Mr. Ali decided to set-up his own business of Shoe making. He needs raw materials, building, equipment and machinery, and finance to meet up overhead expenses. He wants interest (Riba) free financing. How Islamic Banking can help him in this situation to meet his working capital needs? 1. Take any Islamic Bank working in Pakistan. 2. Explain what Islamic Financing products are available to help Ali? 3. In case, Ali needs long term financing then how Islamic bank can help...
Tom O'Neal always wanted to own his own business. When he was in high school, he...
Tom O'Neal always wanted to own his own business. When he was in high school, he worked evenings and most weekends at a neighborhood bicycle shop. When Tom went to college at the nearby State University, he still came home in the summers and worked at the bike shop. Upon graduation from college, with his accounting degree in hand, the sole proprietor (Steven Judson) of the bike shop invited Tom to become a full partner in the bike shop. Steven...
Combining the personal expenses of Mr Ali with the expenses of his business, Ali Auto Shop,...
Combining the personal expenses of Mr Ali with the expenses of his business, Ali Auto Shop, would violate the a. Cost principle. b. Ethics principle. c. Monetary unit assumption. d. Economic entity assumption.
1. Carlos plans to start a new dry cleaning business. For that he purchased a space...
1. Carlos plans to start a new dry cleaning business. For that he purchased a space which costed him $100,000. For that he withdrew his savings worth $50,000 and borrowed the remaining $50,000 from a bank. His savings was earning him 3% interest per annum and the banks charges him 6% interest per annum. Based on this what would be Carlos opportunity cost of purchasing the space? a. $3,000 b. $1,500 c. $3,000 d. $4,500 2. Which of the following...
Ray borrows $9,325from his parents today to start his own car rental business andagrees...
Ray borrows $9,325 from his parents today to start his own car rental business and agrees to pay back the borrowed amount together with five-year worth interest payment in 5 years at 7.43% interest rate per year.How much does Ray need to pay back the loan after 5 years?
"Business Expenditures and Deductions" Avery has always wanted to own his own business. Last year, he...
"Business Expenditures and Deductions" Avery has always wanted to own his own business. Last year, he took the leap and opened a pet store in a nearby city. He leases the store. He incurred start-up costs and large inventory costs for buying food in bulk. He had to purchase three large tables and a machine that moves the food to higher shelves for storage. He even hired five people: a groomer, two clerks, a stock person, and a bookkeeper. Unfortunately,...
Jordan is developing a business plan for a residential building inspection service he wants to start...
Jordan is developing a business plan for a residential building inspection service he wants to start up. Rent and utilities for an office would cost $1000 per month. The fixed costs for a vehicle would be $450 per month. He estimates that the variable office costs (word processing and supplies) will be $50 per inspection and variable vehicle costs will be $25 per inspection. Jordan would also spend $200 per month to lease a computer, and $350 per month for...
Lewis is a professional graphic artist with his own business in Sydney. He conducts his activities...
Lewis is a professional graphic artist with his own business in Sydney. He conducts his activities as a sole trader. He employs a receptionist by the name of Mary and an assistant named Jennifer, who is his mother. He received fees from many private clients during the year. Some clients paid in cash after the consultation and some paid later after receiving a bill in the mail. Lewis received the following amounts of cash during the year ended 30 June...
Ian loaned his friend $25,000 to start a new business. He considers this loan to be...
Ian loaned his friend $25,000 to start a new business. He considers this loan to be an investment, and therefore requires his friend to pay him an interest rate of 9% on the loan. He also expects his friend to pay back the loan over the next four years by making annual payments at the end of each year. Ian texted and asked that you help him calculate the annual payments that he should expect to receive so that he...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT