Question:Would you allow Danny to accept the tickets? Why or why not? Tonya Johnson is the regional manager for Old Town Buffets. Each of the five units shesupervises is in a different town. Produce for each unit is purchased locally by eachbuffet manager. One day, Tonya gets a call from Danny Trevino, one of the buffetmanagers reporting to her. Danny states that one of the local produce suppliers heuses has offered Danny the use of two season tickets to the local university's homefootball games. Danny likes football and wants to accept the tickets.

The person who manages the work or activies in an organisation is called as manager. There are many…

Answered: Why or why not?

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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QUESTION 12 (Using the same problem) A vendor for the local ballpark food stand is questioning whether to stock his concession with a large or small inventory. He believes that it will depend upon the size of the crowd. He has developed a payoff matrix for the various alternatives (stocking decision) and states of nature (size of crowd). What is the answer using the criterion of minimax regret? Alternatives Large Inventory Small Inventory Probability O A) -$2,000 O B) $130,000 O C) $0 O D) $20,000 O E) $153,400 Large Crowd $220,000 $90,000 .20 PROFIT ($) Average Crowd $50,000 $70,000 .50 Small Crowd -$2,000 -$5,000 .30
Question B1: Simply Storage is a large storage business operating in several major cities in the UK. It runs the firm as a franchise. The parent company uses a centralised organisational structure. All franchises have to use exactly the same procedures. Each franchise is run by self-employed owners/managers who provide the warehouse space, either by owning it or renting it. The owners of each franchise are also responsible for developing their individual businesses and increasing turnover. The most successful franchise owners have built up very profitable businesses over the years. Simply Storage does not give any incentives to its warehouse staff. They are paid an hourly rate and there is never any overtime. The opportunities for promotion are very limited as on average a franchise only employs four staff. There is high staff turnover as many staff stay a few months then move on. a) Explain two ways in which the centralised organisational procedures might affect the way in…
Question: Explain some of the strategic, planning, and operational decisions that must bemade by an apparel retailer such as Outfitters ?Explanation of strategic, planning and operational decisions made by the apparel retailer
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Question 5 You are receiving an shipment and come across a box of shaving cream. What should you do? Please choose all that apply. Receive the shaving cream Raise an Andon CSecure it well with bubble wrap after scanning it in O Note is as Flammable on your workstation Submit
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Q7 what are the different way in which an offer terminates
Question 36 Although network models are valuable tools in decision-making, we discussed how a transportation minimization model might distort a realistic decision. How? There is no alternative that will consistently provide optimal, integer solutions. Cost data will change over time. Only the cheapest markets to get to are fully satisfied which might leave other demand locations with reduced supply. Problem data may be wrong.
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QUESTION 25 Choose the best answer. Role and perspective of participant, Agents: Desires a stable and efficient transportation environment to support economic growth Brokers and freight forwarders facilitate carrier and customer matching Concerned with transportation accessibility, expense, and standards for security, safety, and the environment A desire to maximize their revenue for movement while minimizing associated costs A common interest in moving goods from origin to destination within a given time at the lowest cost QUESTION 26 Choose the best answer. Role and perspective of participant, Government: Desires a stable and efficient transportation environment to support economic growth Concerned with transportation accessibility, expense, and standards for security, safety, and the environment A desire to maximize their revenue for movement while minimizing associated costs…

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