DB4
.docx
keyboard_arrow_up
School
Liberty University *
*We aren’t endorsed by this school
Course
620
Subject
Business
Date
Apr 30, 2024
Type
docx
Pages
4
Uploaded by nblakely2017 on coursehero.com
Running head: DISCUSSION BOARD 4
1
Discussion Board 4
School of Business, Liberty University
Author Note
I have no conflict of interest to disclose
Correspondence concerning this article should be addressed to Lateshia Blakely.
Email:
DISCUSSION BOARD 4
2
As an employer wants to reduce the production cost during the economic recession, he/she could choose to (1) lay off some workers without changing wages or (2) keep all workers but cut wages for all. Which method would you choose? Why?
Additional information:
"Masters, provide your slaves with what is right and fair, because you know that you also have a Master in heaven" (Colossians 4:1, NIV).
"Look at the birds of the [a]air, that they do not sow, nor reap nor gather into barns, and yet your heavenly Father feeds them. Are you not worth much more than they?" (Matthew 6:26, NIV).
"He who oppresses the poor taunts his Maker, But he who is gracious to the needy honors Him" (Proverbs 14:31, NIV).
"…Encouraged by Wall Street investors, many companies over the past decade have slashed their full-time workforces, reduced benefits and demanded more output from the remaining workers…Many workers sense that they’re merely expendable components of an impersonal production process involving the manipulation of employees for the sole objectives of the maximization of profit and shareholder value.” — John Stapleford, Bulls, Bears, and Golden Calves. IVP Academic (p. 104)
During an economic recession, businesses face the challenging task of reducing costs while maintaining operational efficiency. Many times, personnel decisions are at the top of the list when deciding where to start. There is the option to layoff workers and leave wages unchanged or the option to keep all workers and decrease wages. In my opinion, laying off some workers without changing wages is the better strategic decision. This approach allows the company to streamline its workforce to match the reduced demand for goods or services during the recession period. Aligning the labor force with the decreased level of production due to demand helps avoid overstaffing in turn reducing unnecessary labor costs. This adjustment helps to preserve the financial stability of the company and ensures its long-term viability in the face of economic downturns.
Laying off workers without changing wages allows the company to retain its most skilled
and valuable employees. By selectively reducing the workforce based on performance and job requirements, the company can retain employees who contribute the most value to its operations.
This strategic approach ensures that the remaining workforce is well-equipped to meet the company's production needs efficiently. In contrast, retaining the existing workforce but cutting wages for all employees may have detrimental effects on morale and employee motivation. A widespread wage reduction can lead to feelings of demotivation, dissatisfaction, and even resentment among employees. This could negatively impact productivity, quality of work, and overall employee morale, further exacerbating the challenges faced by the company during the recession. () conducted a study and seventy percent of business managers in the study chose to layoff and not cut pay because they were “concerned about a possible negative effect on employee morale” (p. 26-27), with 60% of them believing it would lead remaining employees to quit. In conclusion, during an economic recession, the decision to lay off some workers without changing wages can be a good strategy for businesses aiming to reduce production costs
Your preview ends here
Eager to read complete document? Join bartleby learn and gain access to the full version
- Access to all documents
- Unlimited textbook solutions
- 24/7 expert homework help
Related Questions
chapter 3
2. Given this information, what is the profit dollars? Round your answer to the dollar and add a dollar sign and comma separator (i.e. $15,467)
Net Sales
$561,800
Cost of Goods Sold
275,280
Expenses
253,936
arrow_forward
Required The following is a list of websites for a number of companies. Briefly describe each companyand indicate whether it is more likely to use job costing or process costing. Explain why in each case. Alsoexplain why you think each company (a) is or is not a global company and (b) has significant environmentalissues in its operations.1. New Century Software Inc. at www.newcenturysoftware.com.2. FedEx Office at www.fedex.com.3. TXI Cement (TXI) at www.txi.com.4. Paramount Pictures at www.paramount.com.5. Coca-Cola at www.coca-cola.com
arrow_forward
Managers of Best Buy had just implemented an e-commerce platform to expand their business in terms of customer base.Best Buy is a clothing retail store that offers value for money on clothing items for the family. Based on this, complete the tasks that follow.
Question 2Discuss ANY FIVE (5) popular payment methods for Best Buy to include in the e-commerce platform.
arrow_forward
Multiple choice:
1. You own a business. Your business is engaged in buying goods at a wholesale price and reselling them at retail prices on Facebook. Your business is a
A. service business
B. manufacturing business
C. merchandising business.
D. monkey business
2. Decreases the proprietorship
A. Additional investment
B. Service income
C. Rent expense
D. Initial investment
arrow_forward
Carl Hightop, a popular basketball player, has been offered a four-year salary deal. He can either accept $4 comma 700 comma 000 now or accept quarterly amounts of $330 comma 000 payable at the end of each quarter. If money can be invested at 4.8% compounded monthly, which option is the better option for Carl and by how much?
Question content area bottom
Part 1
The
▼
lump sum
quarterly payments
option is better by $
enter your response here.
(Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed
arrow_forward
Please Help I am confused.
Classifying Costs
The following is a list of costs that were incurred in the production and sale of large commercial airplanes:
Classify each cost as either a product cost or a period cost. Indicate whether each product cost is a direct materials cost, a direct labor cost, or a factory overhead cost. Indicate whether each period cost is a selling expense or an administrative expense.
Costs
Classification
a. Annual bonus paid to the chief operating officer of the company
b. Annual fee to a celebrity to promote the aircraft
c. Cost of electronic guidance system installed in the airplane cockpit
d. Cost of electrical wiring throughout the airplane
e. Cost of miniature replicas of the airplane used to promote and market the airplane
f. Cost of normal scrap from production of airplane body
g. Cost of paving the headquarters employee parking lot
h. Decals for cockpit door, the cost of which is immaterial to the cost of the…
arrow_forward
- Please explain two characteristics of the maximum of minimum profits criterion
(Maximin method)
arrow_forward
Present the Income Statement Format of a Manufacturing Business.
(Please help me answer it, thank you)
arrow_forward
Fact Scenario:
Quik Results, Inc.(QRI), a Michigan corporation, makes and sells Power Up!, a super energy boosting, carbonated beverage. Power Up! is made in Michigan, but shipped to stores all across the Midwest and East Coast. Power Up! is made by QRI, and delivered on QRI. trucks, by QRI employees. QRI has in-house accounting and marketing staff.
Orin, a citizen of Ohio, sees an ad for Power Up! in EXTREME!!! magazine and buys it in Ohio at a local store. Within 2 hours of drinking Power Up! Orin suffers internal injuries. Alleging that the injuries are caused by Power Up! Orin files a suit against QRI in an Ohio state court. QRI asks the court to dismiss the suit on the ground that it does not have personal jurisdiction over QRI. What is the court most likely to rule and why?
arrow_forward
Subject: Strategic Information Systems for Business and Enterprise
Q) HARDA Limited employs 650 workers in ten different departments. These workers work in various capacities, including the manufacturing workers, technician, and janitorial workers. Each department has a supervisor who is responsible for supervising departmental activities. In addition to supervising operations, the supervisors of the departments are responsible for recruiting, hiring, and firing workers within their areas of responsibility. The organization attracts casual labour and experiences a 20 to 30 per cent turnover rate in employees per year.
Employees clock on and off the job each day to record their attendance on time cards. Each department has its clock machine located in an unattended room away from the main production area. Each week, the supervisors gather the time cards, review them for accuracy, and sign and submit them to the payroll department for processing. Besides, the supervisors submit personnel…
arrow_forward
5. The local hiring manager Sukhwa from Target must decide whether to hire 1, 2, or 3
workers. He estimates that net revenues (in thousands) will vary with how well Hilo
citizens comply with the new store COVID-19 policy. If they comply with the new policy,
then hiring more workers result in excess costs.
Low
Medium
High
# of Workers
Compliance
Compliance
50
Compliance
50
1
50
2
100
60
20
3
150
70
-10
a. As you already know Sukhwa is an extremely optimistic person, how many new
workers will he hire?
b. Today Sukhwa had an argument with his mom and is feeling extremely pessimistic,
what decision will he make?
с.
If Sukhwa chooses to minimize his maximum regret, how many new workers will
he hire?
d. If the manager is neither optimistic nor pessimistic (50:50), what decision will he
make?
e. If he thinks the chances of low, medium, and high compliance are 20%, 30%, and
50%, respectively, what are the expected net revenues for the number of workers he
will decide to hire?
f. If he thinks…
arrow_forward
Subject: Logistic Management
Q#6) What is Porters Power Model explain with example?
Q#7) What is risk management & mitigation explain with example?
arrow_forward
Q5. How do you identify an asset with reference to AASB? How should an asset be recognized in the financial statement? How should assets be measured?
arrow_forward
Question 1: In large firms, financial activity is usually associated with which top officer? What are the roles of this top officer?
arrow_forward
The Role of Income Taxes For the most recent year, Triad Company had fixed costs of $240,000and variable costs of 75% of total sales revenue, earned $70,000 of net income after taxes, and anincome tax rate of 35%.Required Determine:1. Before-tax income.2. Total contribution margin.3. Total sales.4. Breakeven point in dollar sales
arrow_forward
SUBJECT: Fundamentals of Business Analytics
How does analytics be useful in the sector of:
A. TourismB. AgricultureC. Economics
arrow_forward
Subject: Quantitative research method
Which items load onto which factors? Can you name them based on the items that load onto them? (150 words)
Rotated Factor Matrix
Items
Factors
1
2
3
4
5
The appearance of the physical facility
.695
-.054
.153
.119
.193
Personnel appearance and equipment
.823
-.012
.096
.045
-.002
Ability to perform the promised services
.052
.193
.718
.210
-.023
Willingness to help customers
.270
-.013
.052
.232
.586
Knowledge and courtesy of employees
.018
.769
-.046
.187
.005
Ability to convey trust and confidence
-.028
.678
.035
.024
.090
Caring
.172
.160
.215
.604
.155
Ability to accurately accomplish
.174
.009
.640
.107
.127
Provide prompt services
.170
-.210
.188
-.044
.720
Individual attention to customer
.249
.093
.200
.638
.298
arrow_forward
Topic: advantages of target return price
Please explain thoroughly the photo attached and give examples.
Note: please don’t repeat answer, the first answer was not even helpful. Thank you
arrow_forward
28. 4.4 The Gorman Manufacturing Company must decide whether to purchase a component part from a supplier
or to manufacture the component at its own plant. If demand is high, it would be to Gorman's advantage to
manufacture the component. If demand is low, however, Gorman's unit manufacturing cost will be high because
of underutilization of equipment. The projected profit in thousands of dollars for Gorman's make-or-buy
decision is as follows.
Demand
Medium
$40
$45
Decision
Manufacture component
Purchase component
a. Determine the best decisions using the maximax, maximin, and opportunity loss decision criteria.
b. Assume that the probability of low demand is 0.35, of medium demand is 0.35, and of high demand is
0.30. What is the best decision using the expected value criterion and what is the expected value of
perfect information?
Low
$220
$210
High
$100
$70
arrow_forward
Determine which factor of production is needed in the following problem.
1.The ABM manufacturing Co.hired a gardener.He uses a lawn mower for landscaping.Which factor of production would you consider this machine?
2.The owner of the company withdrew cash for the salaries of thw employees.which factor of production would you consider cash on hand?
3.The top manager of the firm said "the great ideas,consepts and emotional determination of a person to produce something that consumers want to buy" is very important for the company.What factor of production describes the ability to create great ideas?
4.The farmers planted pineapple cutting in the vacant area located in their locality.Which factor of production would you consider a pineapple plantation?
arrow_forward
14.1. Care Alliance (CA), a manufacturer of emergency care kits for
disaster relief, has received the annual disaster readiness plans from
its major constituents and now must develop an operations plan to set
production, labor, and inventory levels of its basic emergency products
for the next four quarters. Demand for the kits, given below, varies with
seasonal weather, political climate, and economic conditions. The average worker at CA can produce 10,000 kits a quarter at a cost of $9 per
kit. The cost of holding inventory is $2 per kit per quarter. Due to the
medical nature of many of its products and concern for quality, hiring
and firing costs are $700 per worker. CA currently employs 20 workers.
Given the demand forecast below, develop a quarterly operations production plan for CA using (a) chase demand and (b) level production:
Quarter Demand
1 150,000
2 250,000
3 350,000
4 250,00
arrow_forward
Course: Principle Of Healthcare Finance
Why do some healthcare organizations outsource non-clinical services like housekeeping or food service?
To maximize space within the facility
Lack of capital to keep these services efficient
To avoid additional labor costs on the bottom line
None of these
arrow_forward
Title: How Activity Based Costing system helps the industry to improve
performance
1.3
Advantages and disadvantage of activity based costing (300 words)
1.4
Implementation of Activity based costing (300 words)
arrow_forward
The Department of Housing and Urban Development's proposed rule on disparate impact will:Question 1 options:
Be permanently tabled
Have no significance
Go into effect shortly after publishing
Never go into effectQuestion 2 (1 point) Who invented the credit scoring model most banks rely on for mortgage lending?Question 2 options:
Fair Isaac Corporation (FICO)
Fair Housing Administration
Urban Institute
Secondary mortgage marketQuestion 3 (1 point) In 2019, how much did the L.G.B.T.Q. client base of Better.com increase in terms of married couples?Question 3 options:
Remained the same
Increased by 500%
Doubled
Increased tenfoldQuestion 4 (1 point) The Fair Housing Act of 1968 prohibits lenders from considering which factors in mortgage underwriting?Question 4 options:
Race
High school attended
Social media profile
Vacation spotsQuestion 5 (1 point) Which company originated 98 percent of its mortgages using a digital platform last year?Question 5 options:
Roostify
Quicken Loans
Better.com…
arrow_forward
Mini-Case 3-1: Finding a Competitive Advantage
Copreneurs Ed and Yolanda recently opened a vintage used car lot called Cherry Lane. They sell antique and collectible cars on consignment for the owners at a fee of 30 percent of the selling price. The price is further reduced by 10 percent if a particular car is not sold within the first 30 days. One of the first customers convinced Yolanda that this was the only fair thing to do, and in an effort to provide something for "the cost conscious buyer," she provided what she thought was excellent customer service and implemented the idea.
Ed and Yolanda feel Cherry Lane has an ideal location. It is located adjacent to the city's baseball stadium, alongside the freeway in the center of all the other car dealerships. Although Cherry Lane has significant foot traffic, most people never make offers to buy.
In an effort to increase sales, Ed and Yolanda are working on a new marketing strategy that they believe should be quite different from the…
arrow_forward
Mini-Case 3-1: Finding a Competitive Advantage
Copreneurs Ed and Yolanda recently opened a vintage used car lot called Cherry Lane. They sell antique and collectible cars on consignment for the owners at a fee of 30 percent of the selling price. The price is further reduced by 10 percent if a particular car is not sold within the first 30 days. One of the first customers convinced Yolanda that this was the only fair thing to do, and in an effort to provide something for "the cost conscious buyer," she provided what she thought was excellent customer service and implemented the idea.
Ed and Yolanda feel Cherry Lane has an ideal location. It is located adjacent to the city's baseball stadium, alongside the freeway in the center of all the other car dealerships. Although Cherry Lane has significant foot traffic, most people never make offers to buy.
In an effort to increase sales, Ed and Yolanda are working on a new marketing strategy that they believe should be quite different from the…
arrow_forward
SEE MORE QUESTIONS
Recommended textbooks for you
BUSN 11 Introduction to Business Student Edition
Business
ISBN:9781337407137
Author:Kelly
Publisher:Cengage Learning
Essentials of Business Communication (MindTap Cou...
Business
ISBN:9781337386494
Author:Mary Ellen Guffey, Dana Loewy
Publisher:Cengage Learning
Accounting Information Systems (14th Edition)
Business
ISBN:9780134474021
Author:Marshall B. Romney, Paul J. Steinbart
Publisher:PEARSON
International Business: Competing in the Global M...
Business
ISBN:9781259929441
Author:Charles W. L. Hill Dr, G. Tomas M. Hult
Publisher:McGraw-Hill Education
Related Questions
- chapter 3 2. Given this information, what is the profit dollars? Round your answer to the dollar and add a dollar sign and comma separator (i.e. $15,467) Net Sales $561,800 Cost of Goods Sold 275,280 Expenses 253,936arrow_forwardRequired The following is a list of websites for a number of companies. Briefly describe each companyand indicate whether it is more likely to use job costing or process costing. Explain why in each case. Alsoexplain why you think each company (a) is or is not a global company and (b) has significant environmentalissues in its operations.1. New Century Software Inc. at www.newcenturysoftware.com.2. FedEx Office at www.fedex.com.3. TXI Cement (TXI) at www.txi.com.4. Paramount Pictures at www.paramount.com.5. Coca-Cola at www.coca-cola.comarrow_forwardManagers of Best Buy had just implemented an e-commerce platform to expand their business in terms of customer base.Best Buy is a clothing retail store that offers value for money on clothing items for the family. Based on this, complete the tasks that follow. Question 2Discuss ANY FIVE (5) popular payment methods for Best Buy to include in the e-commerce platform.arrow_forward
- Multiple choice: 1. You own a business. Your business is engaged in buying goods at a wholesale price and reselling them at retail prices on Facebook. Your business is a A. service business B. manufacturing business C. merchandising business. D. monkey business 2. Decreases the proprietorship A. Additional investment B. Service income C. Rent expense D. Initial investmentarrow_forwardCarl Hightop, a popular basketball player, has been offered a four-year salary deal. He can either accept $4 comma 700 comma 000 now or accept quarterly amounts of $330 comma 000 payable at the end of each quarter. If money can be invested at 4.8% compounded monthly, which option is the better option for Carl and by how much? Question content area bottom Part 1 The ▼ lump sum quarterly payments option is better by $ enter your response here. (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as neededarrow_forwardPlease Help I am confused. Classifying Costs The following is a list of costs that were incurred in the production and sale of large commercial airplanes: Classify each cost as either a product cost or a period cost. Indicate whether each product cost is a direct materials cost, a direct labor cost, or a factory overhead cost. Indicate whether each period cost is a selling expense or an administrative expense. Costs Classification a. Annual bonus paid to the chief operating officer of the company b. Annual fee to a celebrity to promote the aircraft c. Cost of electronic guidance system installed in the airplane cockpit d. Cost of electrical wiring throughout the airplane e. Cost of miniature replicas of the airplane used to promote and market the airplane f. Cost of normal scrap from production of airplane body g. Cost of paving the headquarters employee parking lot h. Decals for cockpit door, the cost of which is immaterial to the cost of the…arrow_forward
- - Please explain two characteristics of the maximum of minimum profits criterion (Maximin method)arrow_forwardPresent the Income Statement Format of a Manufacturing Business. (Please help me answer it, thank you)arrow_forwardFact Scenario: Quik Results, Inc.(QRI), a Michigan corporation, makes and sells Power Up!, a super energy boosting, carbonated beverage. Power Up! is made in Michigan, but shipped to stores all across the Midwest and East Coast. Power Up! is made by QRI, and delivered on QRI. trucks, by QRI employees. QRI has in-house accounting and marketing staff. Orin, a citizen of Ohio, sees an ad for Power Up! in EXTREME!!! magazine and buys it in Ohio at a local store. Within 2 hours of drinking Power Up! Orin suffers internal injuries. Alleging that the injuries are caused by Power Up! Orin files a suit against QRI in an Ohio state court. QRI asks the court to dismiss the suit on the ground that it does not have personal jurisdiction over QRI. What is the court most likely to rule and why?arrow_forward
- Subject: Strategic Information Systems for Business and Enterprise Q) HARDA Limited employs 650 workers in ten different departments. These workers work in various capacities, including the manufacturing workers, technician, and janitorial workers. Each department has a supervisor who is responsible for supervising departmental activities. In addition to supervising operations, the supervisors of the departments are responsible for recruiting, hiring, and firing workers within their areas of responsibility. The organization attracts casual labour and experiences a 20 to 30 per cent turnover rate in employees per year. Employees clock on and off the job each day to record their attendance on time cards. Each department has its clock machine located in an unattended room away from the main production area. Each week, the supervisors gather the time cards, review them for accuracy, and sign and submit them to the payroll department for processing. Besides, the supervisors submit personnel…arrow_forward5. The local hiring manager Sukhwa from Target must decide whether to hire 1, 2, or 3 workers. He estimates that net revenues (in thousands) will vary with how well Hilo citizens comply with the new store COVID-19 policy. If they comply with the new policy, then hiring more workers result in excess costs. Low Medium High # of Workers Compliance Compliance 50 Compliance 50 1 50 2 100 60 20 3 150 70 -10 a. As you already know Sukhwa is an extremely optimistic person, how many new workers will he hire? b. Today Sukhwa had an argument with his mom and is feeling extremely pessimistic, what decision will he make? с. If Sukhwa chooses to minimize his maximum regret, how many new workers will he hire? d. If the manager is neither optimistic nor pessimistic (50:50), what decision will he make? e. If he thinks the chances of low, medium, and high compliance are 20%, 30%, and 50%, respectively, what are the expected net revenues for the number of workers he will decide to hire? f. If he thinks…arrow_forwardSubject: Logistic Management Q#6) What is Porters Power Model explain with example? Q#7) What is risk management & mitigation explain with example?arrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
- BUSN 11 Introduction to Business Student EditionBusinessISBN:9781337407137Author:KellyPublisher:Cengage LearningEssentials of Business Communication (MindTap Cou...BusinessISBN:9781337386494Author:Mary Ellen Guffey, Dana LoewyPublisher:Cengage LearningAccounting Information Systems (14th Edition)BusinessISBN:9780134474021Author:Marshall B. Romney, Paul J. SteinbartPublisher:PEARSON
- International Business: Competing in the Global M...BusinessISBN:9781259929441Author:Charles W. L. Hill Dr, G. Tomas M. HultPublisher:McGraw-Hill Education
BUSN 11 Introduction to Business Student Edition
Business
ISBN:9781337407137
Author:Kelly
Publisher:Cengage Learning
Essentials of Business Communication (MindTap Cou...
Business
ISBN:9781337386494
Author:Mary Ellen Guffey, Dana Loewy
Publisher:Cengage Learning
Accounting Information Systems (14th Edition)
Business
ISBN:9780134474021
Author:Marshall B. Romney, Paul J. Steinbart
Publisher:PEARSON
International Business: Competing in the Global M...
Business
ISBN:9781259929441
Author:Charles W. L. Hill Dr, G. Tomas M. Hult
Publisher:McGraw-Hill Education