Pettersen's study of project managers found that most do not have the capacity to exercise power that derives from formal positional authority and therefore they must develop:
A) Project champions.
B) Cadres of trained professionals.
C) Effective influencing skills.
D) Efficient communications networks.
C
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Sean of Sean's Shrimp House was enjoying a cup of cappuccino while visiting with Ollie at Ollie's Ocean Front Bar & Grill. During the course of their conversation, Sean agreed to supply 100 pounds of shrimp per month for the next year to Ollie's
restaurant at the price of $2.50 per pound. When Sean got back to his office, he sent a written confirmation of the agreement to Ollie. Six weeks after receiving the confirmation Ollie wrote back, stating that he had not agreed to the price of $2.50 per pound. Is Ollie bound to the confirmation?
Macro Electronics manufactures low-cost, consumer-grade computers. It sells these computers to various electronics retailers to market under store brand names. It manufactures two computers, the Lightning 2.0 and the Lightning 2.4, which differ in terms of speed, memory, and hard drive capacity. The following information is available: Lightning 2.0 Lightning 2.4Direct materials$90 $110 Direct labor 60 90 Variable overhead 30 30 Fixed overhead 180 240 Total cost per unit$360 $470 Selling price 600 780 Units produced and sold 6,000 3,000 The average wage rate is $30 per hour. The plant has a capacity of 32,000 direct labor-hours.Required:1. A nationwide discount chain has approached Macro with an offer to buy 2,000 Lightning 2.0 computers and
2,000 Lightning 2.4 computers if the unit prices are lowered to $350 and $450, respectively.a. If Macro accepts the offer, how many direct labor-hours will be required to produce the additional computers?b. How much will the profit increase (or decrease) if Macro accepts this proposal? All other prices will remain the same.2. Suppose that the customer has offered instead to buy up to 3,000 each of the two models at $350 and $450, respectively.a. How many of each product should be manufactured and sold? Assume current demand will not be affected by the special order. Also assume that the company cannot increase its production capacity to meet the extra demand.b. How much will the profits change if this order is accepted instead? What will be an ideal response?
What is follower readiness? Provide an example.
What will be an ideal response?
Mountain View Resorts purchased equipment at the beginning of 2021 for $40,000. Residual value at the end of an estimated four-year service life is expected to be $8,000. The machine operated for 2,200 hours in the first year and the company expects the machine to operate for a total of 10,000 hours over its four-year life. Calculate depreciation expense for 2021, using each of the following depreciation methods: (1) straight-line, (2) double-declining-balance, and (3) activity-based.
What will be an ideal response?