Cyril who manages an ATV dealership, is determined to implement management by objectives to help

The year was 1974. Nixon was getting himself into trouble, Hank Aaron was chasing Babe Ruth's home run record, and Cyril Van Zeeland was running a Ski-Doo, Kawasaki, and John Deere powersports store in Little Chute, WI. He had already been through the paces of business management with a gas station, a radiator repair shop, and a small-engine repair shop, but he was far from finished. In fact, he didn't know it at the time, but Cyril was on the brink of a legacy that would become the Team Winnebagoland we know and love today.

As a man of experience, determination, and proven success, Cyril was always on the prowl for a way to better provide for his wife and four children Lee, Mark, Joe, and Lu. By now, twelve men had been to the moon and Vietnam was coming to a close, thus presenting a world of opportunity for the Van Zeelands. It was at this time when "Cease" was approached by Kawasaki with an opportunity to open a second location in Oshkosh, WI. With family on the brain, Cyril opened Winnebagoland Kawasaki on County A. This is a Team Winnebagoland creation story.

Kane, a manager for a large trucking company, knows that the company struggles to
recruit enough CDL-certified drivers to keep the business functioning. Kane devises a new plan
to identify potential drivers and pay for them to become CDL-certified. Further, Kane believes
the potential drivers should be more diverse than the usual pool of applicants, so he intends to
focus on recruiting women, military veterans, couples, and immigrants. If you were Kane's
manager, how would you instruct him to apply the planning/control cycle?
A) Have Kane create a business model on how the potential drivers will stop being
recruited.
B) Have Kane make the change, compare recruitment metrics after a period of time, and
see if corrective action is necessary.
C) Demote Kane, as he does not understand the importance of driver recruitment in
transportation.
D) Have Kane call other driver recruiters and see what they offer potential applicants.

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1 answer:

8 0

Cyril who is the manager of the ATV dealership is determined to take charge of the management by objectives to help <u>motivate </u>his employees.

<h3>What is Management by Objectives?</h3>

Management by objectives is a proactive management strategy that strives to enhance an organization's performance by clearly identifying objectives that both management and employees concur to.

According to the notion, getting a voice in goal-setting and execution plans increases employee engagement and dedication, motivates them, and also synchronizing objectives across the firm.

Therefore, Cyril who is the manager of the ATV dealership is determined to take charge of the management by objectives to help <u>motivate </u>his employees.

Learn more about Management strategies here:

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Answer: e) Elena will use test data to validate her model

Explanation:

Test data is a computer program that will help Elena to verify the type of results to expect using some set of inputs.

Answer:

$50,855.62

Explanation:

I prepared an excel spreadsheet to determine the yearly contributions to the plan and their future value.

once you reach 65 years, your retirement account should have $1,038,165. Now we need to determine the present value = $1,038,165 / (1 + 9%)³⁵ = $50,855.62

Answer:

Ans. The total amount that Van owes the bank at the end of the loan’s term is A) 24,017.91

Explanation:

Hi, first, let´s do what the hint of the problem says. Let´s find the number of days.

Then, we have to turn that compounded daily rate to an effective daily rate, that is by dividing the rate by 365.

This means that 13% compounded daily is equal to 0.0356164%

Now, we can use the following equation to find the future value (in 4 months) of this obligation.

Where:

r= Effective rate of the loan (in our case, effective daily)

n= days to pay the loan (121.6667 days)

The math to this as follows.

Since I used the whole decimals to find the exact value, my result is close to answer A), therefore, total amount that Van owes the bank at the end of the loan’s term is $24,017.91.

Best of luck

<u>Solution:</u>

In free trade equilibrium, quantity demanded equals quantity supplied:

100 - 10p = 10p

20p = 100

p = 5

q = 10 x 5 = 50

When p = 6, this is the market price for a price support program, since it is above equilibrium price and therefore, is binding.

Quantity demanded = 100 - (10 x 6) = 100 - 60 = 40

Quantity supplied = 10 x 6 = 60

Surplus = 60 - 40 = 20

Deficiency payment = 6 x 20 = 120

Since producers will sell only the quantity that consumers will buy, relevant quantity = 40.

From demand function, when q = 0, p = 100/10 = 10 (reservation price)

Consumer surplus (CS) = Area between demand curve and market price

CS before price floor = (1/2) x (10 - 5) x 50 = 25 x 5 = 125

CS after price floor = (1/2) x (10 - 6) x 40 = 20 x 4 = 80

Decrease in CS due to price floor = 125 - 80 = 45

When quantity supplied = 60, from demand function: 60 = 100 - 10p, or 10p = 40, or p = 4

Producer surplus (PS) = Area between supply curve and market price

PS before price floor = (1/2) x (5 - 0) x 50 = 25 x 5 = 125

PS after price floor = (1/2) x [(6 - 0) + (6 - 4)] x 40 = 20 x (6 + 2) = 20 x 8 = 160

Increase in PS after price floor = 160 - 125 = 35

Deadweight loss = (1/2) x (6 - 4) x (50 - 40) = (1/2) x 2 x 10 = 10

Answer:

journal entries to record the December transactions

1-Dec

Cash $10500 (debit)

Common Stock $10500 (credit)

1-Dec

Rent Expense $950 (debit)

Cash $950 (credit)

1-Dec

Prepaid Insurance $600 (debit)

Cash $600 (credit)

1-Dec

Equipment $3600 (debit)

Cash $3600 (credit)

5-Dec

Supplies Expense $300 (debit)

Accounts Payable $300 (credit)

15-Dec

Cash $7200 (debit)

Service Revenue $7200 (credit)

16-Dec

Accounts Receivable $5200 (debit)

Service Revenue $5200 (credit)

21-Dec

Cash $2400 (debit)

Accounts Receivable $2400 (credit)

23-Dec

Accounts Payable $170 (debit)

Cash $170 (credit)

28-Dec

Wages Expense $4480 (debit)

Cash $4480 (credit)

30-Dec

Dividends $200 (debit)

Cash $200 (credit)

Explanation:

The General Journal consists of Entries of Expenses, Capital Expenditures and Receipts and Payments in Cash.