Assume that the Ken Cory Consulting and Construction Company is involved in four different businesses that have almost nolinkages between them (such as being in financial consulting, road construction, wheat farming, and auto repair industriessimultaneously). Now assume that the financial consulting company accounts for 12% of total company revenues, roadconstruction accounts for 74% of company revenues, wheat farming accounts for 10%, and auto repair accounts for 4% of totalcompany revenues. What is the best way to describe the level or category of diversification that the Ken Cory Company has?O ConglomerateO Single BusinessO Related-LinkedO Dominant Business

(a) Conglomerate Diversification: Conglomerate diversification refers to a corporate strategy where…

Answered: Assume that the Ken Cory Consulting and…

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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Suppose that Switch decide to extend the business operations to nutrition consulting whereby they offer consulting services with a focus on energy and performance enhancement. In addition, they provide nutrition plans that include nutrition plans that include recommendations for including Switch Energy drink into their diets. The business unit has been able to acquire many customers despite its recent entry into the market. However, management are concerned that they may lose customers, similar to their product line. Provide a report in which you recommend to management, how they could instil a service culture within this unit so as to avoid the loss of customers.
The obligations of an investor-owned company's board of directors in the strategy-making, strategy-executing process include A) taking the lead in developing the company's business model and strategic vision. B) coming up with compelling strategy proposals to debate against those put forward by top management. C) taking the lead in formulating the company's strategic plan but then delegating the task of implementing and executing the strategic plan to the company's CEO and other senior executives. D) overseeing the company's financial accounting and financial reporting practices and setting CEO compensation. E) approving the company's operating strategies, functional-area strategies, business strategy, and overall corporate strategy.
Write the importance of ABC analysis and explain ABC analysis using graphical presentation
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123) How does awarding managers stock options help align the goals of managers and stockholders? a) If top management has stock options that become valuable at a particular price (higher than the prevailing markets price), management will b incentivized to improve company performance so the option can be exercised at the higher price b) Stock options guide managers in allocating funds for training c) If top management has stock options that become valuable at a particular price, they will be incentivized to buy and sell stocks d) This will help the managers and stockholders learn to work with each other as the managers will look to stockholders for advice on stock handling
Petal Providers Corporation, described in Problem 1, is interested in estimating its additional financing needs to support a rapid increase in sales next year. Last year revenues were $1 million, the net profit was $50,000, the investment in assets was $750,000, payables and accruals were $100,000, and equity at the end of the year was $450,000. The venture did not pay out any dividends and does not expect to pay dividends for the foreseeable future. A. What would be your estimate of the additional funds needed next year to support a 30 percent increase in sales? B. How would your answer in Part A change if the expected sales growth were only 15 percent?
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What managers really want from data are clear, foolproof, no-work solutions and the simple ability to predict the future. They want to know exactly what the demand for their current and proposed products will be; how and when prices for goods, services, stocks, and securities will rise and fall; what dangers and opportunities exist within their grasp; and how their decisions will affect their costs of doing business in the present, the near future, and the long term. As business operations become more complex and competitive, and as data volumes grow, companies are increasingly turning to tools like simulation and machine learning to provide these predictions. Machine learning, in particular, has become very popular, largely due to the continued development and impressive performance of deep-learning algorithms for neural networks. In addition, simulations of various sorts have been used for many years to test and develop operational system designs and operational policy decisions.…
a) Describe 5 fundamental principles of IESBA code of ethics b) how this fundamental principle can ensure professional accountant will act ethically in decision making ?
The second essential purpose for creating a business plan is to guide the operation of the company by charting its future course and devising a strategy for following it O to attract lenders and investors to file with the Securities and O Exchange Commission before a public stock offering to attract potential managers and employees to run the new venture
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