Read the dysfunctional team case posted under to answer the following questions.
What would it take to work with someone that you don’t get along with in a team? Nine months ago, the executives running your design firm decided to start using teams. Before that, all of the work was done on an individual basis. Ron the marketing guy would run some consumer surveys to try to identify new fads. He would pass this information on to the Susie in the art department, who would come up with some sketches of new products based on the surveys. She would then pass this on to production, where Maury would look at the sketches and see what kind of materials would have to be ordered so that Sharon could have a chance to work up some prototypes. Finally, about five months later, Marcus in sales would have some samples that he could take around to potential customers. But after switching to one team, where all these people could work together and share their ideas at each step of the process, that time was cut down just six weeks. The executives of your company were thrilled with these results, and no doubt, they patted themselves on the back for coming up with the brilliant idea of using teams. There is, though, just one thing that they didn’t take into consideration – the team members hate each other! Marcus thinks that Ron talks too much and dominates every single team meeting. Maury, who hates sports, thinks that Susie wastes all of her time following the University of Michigan football team. Susie, meanwhile, hates it that Sharon won’t stop it with stories about her kids. As for Marcus, nobody can quite figure him out, but almost everyone on the team thinks that he is racist. With all of these negative emotions floating around, your project team has become stagnant. The meetings are uncomfortable, to say the least, and the interaction between the members has become toxic. It’s been virtually impossible to get people to share ideas, reflect on others’ ideas, or even just look each other in the eyes. Most meetings, it’s plainly obvious that the only reason people are in the meetings is because they have to be. A few weeks ago, Ron and Maury went to senior managers and asked what they would need to do to not work in teams anymore. The managers, in turn, told them to tell everyone else that, in effect, they are stuck with what they got. The mangers are unwilling to give up the gains in productivity and speed, so the team is just going to have to learn how to work together. So here you sit, a dysfunctional team, with a directive from your bosses to learn how to get along. How do you do it?
Do the a-type conflicts (affective conflicts) among the team members increase, or decrease c-type conflict (cognitive conflict)? Why?
What are some ways that this group can decrease their interpersonal conflicts and increase its cohesiveness?
In: Operations Management
In: Economics
what are the disadvantages in using Earned Value and a PMIS?
In: Finance
Assume that you are a consultant for an international management strategy consulting firm. Your firm has been approached by Mr. Hans Wursching, CEO of TransSprech, A.G., a newly formed cellular phone service and phone provider based in Stuttgart, Germany. TransSprech has a satellite GSM network with complete coverage in Europe and the United States, as well as throughout most countries in the world. The company has established some semblance of a marketing and management strategy, and you have been asked to review the current strategy and help the company go to the next level by growing its sales. You recently conducted the initial information-gathering meeting with Mr. Wursching, and received the following information: ? TransSprech maintains corporate offices in numerous cities around the world. However, its customer service outlets and retail sales are conducted through the company website, as well as through licensed electronic retailers. It does not maintain its own customer service or retail locations. ? Its target markets are both companies and individuals wanting cellular phone service with worldwide coverage and who are willing to pay a premium to get it. It already has about three thousand customers worldwide and is hoping to grow to ten thousand by year end. ? Corporate customers are more valuable customers because they are buying in larger volumes. Establishing a customer base is very important as this company attempts to establish itself. ? No sales force has been established. So far, the company has received many customers in response to its advertising. ? It offers individual customers four different cost plans with respect to the cellular service as well as five different phone options. However, corporate customers can negotiate variations within the established options. ? The phones themselves are similar to those used by TransSprech competitors but the satellite network providing the coverage is far more advanced. ? The company has retained a Berlin-based advertising and public relations agency to develop a worldwide advertising campaign. Print and TV advertisements have recently saturated the European market and will soon be shown in the US market. The company is currently running several promotions to get its product and name known; however, its long-term goal is to offer a premium, non-discounted product that is desired because of its value and quality, not low price. ? Because the company and its product are in the early stages of development, there have been technical problems, and the company has had to provide a great deal of service to its customers. ? Mr. Wursching understands that it costs more to acquire new customers than to retain existing ones, so he would like to establish a customer relationship management plan at some point to improve customer loyalty and retention. He has a well-trained customer service operator staff in place.
In: Finance
In: Accounting
At least almost a page. Do not copy from articles, or from anywhere.
Choose either an individual application or a bundled suite of software and describe the most beneficial features as well as how they apply to your current life or future business plans. Compare these features to any rival applications based on price, system requirements, appearance, differences/similarities, ease of upgrades, etc. Determine any existing or potential competitive advantage that one company may have over another in the market and explain why. (Ex. MS Office vs. OpenOffice, InDesign vs. Quark, Safari vs. IE vs. Chrome, etc.)
In: Computer Science
The transactions completed by Revere Courier during
December, the first month of fiscal year, were as follows:
Dec.1 Issued Check No.610 for December rent $4,200.
Dec. 2 Issued Invoice No. 940 to Clifford Co., $1,740.
Dec. 3 Received check for $4,800 from Ryan Co. in payment of
account.
Dec. 5 Purchased a vehicle on account from Platinum Motors,
$37,300.
Dec. 6 Purchased office equipment on account from Austin Computer
Co., $4,500.
Dec. 6 Issued Invoice No. 941 to Ernesto Co.., $3,870.
Dec. 9 Issued Check No. 611 for fuel expense, $600.
Dec. 10 Received check from Sing Co . in payment of $4,040
invoice.
Dec. 10 Issued Check No. 612 for $330 to Office To Go Inc. in
payment of invoice.
Dec. 10 Issued Invoice No. 942 to Joy Co., $1,970.
Dec. 11 Issued Check No. 613 for $3,090 to Essential Supply Co. in
payment account.
Dec. 11 Issued Check No. 614 for $500 to Porter Co. in payment of
account.
Dec 12 Received check from Clifford Co. in payment of $1,740
invoice of December 2.
Dec. 13 Issued Check No. 615 to Platinum Motors in payment of
$37,300 balance of December 5.
Dec. 16 Issued Check No. 616 for $39,800 for cash purchase of a
vehicle.
Dec. 16 Cash fees earned for December 1-16, $20,300.
Dec. 17 Issued Check No. 617 for miscellaneous administrative
expense,, $500.
Dec. 18 Purchased maintenance supplies on account from Essential
Supply Co., $1,750.
Dec. 19 Purchased the following on account from McClain Co.:
maintenance supplies, $1,500; office supplies $375.
Dec. 20 Issued Check No 618 in payment of advertising expense, $1
780.
Dec. 20 Used $3,200 maintenance supplies to repair delivery
vehicles.
Dec. 23 Purchased office supplies on account from Office To Go
Inc., $400.
Dec. 24 Issued Invoice No. 943 to Sing Co. $6,100.
Dec. 24 Issued Check No. 619 to S. Holmes as a personal withdrawal,
$3,000.
Dec. 25 Issued Invoice No. 944 to Ernesto Co., $5,530.
Dec. 25 Received check for $4,100 from Ryan Co. in payment of
balance..
Dec. 26 Issued Check No.620 to Austin Computer Co. in payment of
$4,500 invoice of December 6.
Dec. 30 Issued Check No. 621 for monthly salaries as follows:
driver salaries, $16,900; office salaries, $7,100.
Dec.31 Cash fees earned for December 17-31,$18,900.
Dec. 31 Issued Check No. 622 payment for office supplies, $340.
Question 1.
Enter the following account balances in the general ledger as of
December 1.
(11) Cash $161,680
(12) Account Receivable 12,940
(14) Maintenance Supplies 10,850
(15) Office Supplies 4,900
(16) Office Equipment 28,500
(17)Accum. Depr.- Office Equip. 6,900
(18) Vehicles 95,00
(19) Accum. Depr.- Vehicles 14,700
(21) Accounts Payable 3,920
(31) S. Holmes, Capital 289,250
(32) S. Holmes Drawing -
(41) Fees Earned -
(51) Driver Salaries Expense -
(52) Maintenance Supplies Exp. -
(53) Fuel Expense -
(61) Office Salaries Expense -
(62) Rent Expense -
(63) Advertising Expense -
(64) Miscellaneous Adiministrative Expense -
Question 2 -
Journalize the transactions for December, using the following
journals.Cash receipts journal, purchases journal with columns for
Accounts Payable, Maintenance Supplies, Office Supplies, and
OtherAccounts.Single column, revenue journal, cash payments journal
and two- column general journal.Assume that the daily postings to
the individual accounts in the accounts payable subsidiary ledger
and the accounts receivable subsidiary ledger have been made.
Question 3- Post the appropriate individual entries to the general ledger.
Question 4- Total each of the columns of special journals and post the appropriate totals to the general ledger; insert the account balances.
Question 5- Prepare a trial balance.
In: Accounting
U1 Review
Define the following terms: assets, liabilities, and equity.
Provide two examples of each of the following terms: assets, liabilities, and equity.
Provide two examples of expenses a business might incur.
Read the items below and indicate whether the account type is
increased with a debt or credit.
_____ a. Asset
_____ b. Liabilities
_____ c. Equity
_____ d. Revenue
_____ e. Expenses
Classify each of the following items as assets (A), liabilities
(L), equity (EQ), revenue (R), or expense (E)
_____ a. Land
_____ b. Owner, capital
_____ c. Fees earned
_____ d. Equipment
_____ e. Telephone bill
_____ f. Accounts payable
_____ g. Unearned revenue
_____ h. Accounts receivable
_____ i. Supplies
_____ j. Rent
Following are the transactions of a new company called Pose-for-Pics.
|
Aug.1 |
Madison Harris, the owner, invested $6,500 cash and $33,500 of photography equipment in the company. |
|
Aug.1 |
Paid $2,100 for August rent |
|
Aug.5 |
The company purchased office supplies for $880 cash. |
|
Aug.20 |
The company received $3,331 cash in photography fees earned. |
|
Aug.31 |
The company paid $675 cash for August utilities. |
In: Accounting
Empirical studies in Economics and Education have proven without a doubt that a college education is worth it, from a cost-benefit analysis. While obviously not all colleges and college degrees are created equal, earning a college degree significantly boosts annual wages, on average. The question is however, what are the exact channels through which college education improves earnings? I will offer you 3 "theories" and I will ask you to tell me which of the 3 you think are valid explanations (can be more than 1) and also which do you think is the most important one? There is no correct or wrong answer here. I simply want you to think about it and properly reason your answers.
1. The human capital theory - by getting a college education, students acquire and develop skills that increase their productivity in the work force, which results in higher wages.
2. The college selection theory - people who go to college are overall smarter/harder working/more productive/etc. to begin with. These people would have gotten higher wages even if they hadn't gone to college. College attendance just happened to be there. This is essentially a story of a spurious correlation. This theory claims there is no causality between attending college and earnings, but simply that college attendance correlates well with certain innate abilities which are rewarded on the job market.
3. The signaling theory - people who earn college degrees are overall smarter/harder working/more productive/etc., but the reason they earn higher wages is that they earned a degree and that degree signals to employers that these students are overall better workers. This is an incomplete information story - employers do not know how productive you are but they can infer that from you having a degree. Unlike theory 2 states, these students would not have earned higher waged had they not gone to college simply because there wouldn't be anything to certify to employers that these students are truly more productive.
In: Economics
A used old model testing machine was donated to a University by a company one year ago. It is expected that this machine will continue to serve its function for ten more years provided that a maintenance agreement is signed with another firm requiring 10 yearly payments of $9,000 each, with the first payment made now.
A new model can be leased for ten years.
The terms of lease include maintenance. For leasing the new model, a payment of $35,000 is due now and $40,000 will be due in 3 years.
Should the old model machine be replaced now, at MARR = 10%?
(i) Use present worth (PW) method.
(ii) Use incremental PW method.
(b) Use incremental IRR method.
In: Economics