...FIN370 Final Exam. The guide covers the same topics and will help you gain a deeper understanding of the concepts. Best of all, you are still guaranteed a score of 90% or higher or your money back! Tip #1: Use CRTL+F to search a related keyword to quickly find the topic you need. Tip #2: If a topic is missing, please email us at support@accnerd.com. We can usually provide immediate custom support during normal business hours. 1) What is the primary goal of a for-profit firm? Maximize shareholder wealth Explanation: Every for-profit is held accountable to shareholders above all else. 2) What would be considered a primary market transaction? The issue of new common stock by a public company Explanation: When a company issues NEW stock it is considered the primary market, while all subsequent transactions are considered the secondary market. 3) Who represents the principles of an organization based on the agency problem theory? Shareholders Explanation: Also known as the Principle-Agent problem, this concept identifies shareholders as the principles, and managers as the agents. 4) A basic financial management principle would be considered? Risk/return tradeoff Explanation: The risk/return tradeoff is a simple concept that focuses on creating the highest return for the least amount of risk. 5) What is another name for the acid test? Quick ratio Explanation: The acid test is designed to determine the liquidity. It is a ratio...
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...Managing Your Organisation » Strategy » Values, Vision, Mission and Goals » The Ashridge Mission Model The Ashridge Mission Model Given a certain degree of confusion surrounding what an organisational mission should encompass and achieve, Campell and Yeung conducted a two-year research project with 53 large, successful companies in the early 1990s in order to try to devise a meaningful mission structure. The fruits of their labour is a framework that has come to be known as the Ashridge Mission Model. Here we examine the model in detail. Campbell and Yeung’s definition of an organisation’s mission has four linked elements: purpose; strategy; behaviour standards and values as shown below: The Ashridge Mission Model Source: Campell and Yeung, Creating a Sense of Mission, Long Range Planning Vol 24, No. 4, 1990, p 13 1. Purpose Some organisations find the question ‘why does the company exist?’ so difficult to answer that they actively avoid debating the issue. Where a broad concensus on organisational purpose does exist, however, Campbell and Yeung believe that organisations can be categorised into three different types, namely: · Organisations whose purpose is to benefit shareholders, with strategic decisions governed largely by their potential impact on shareholder returns. · Organisations that exist to satisfy all stakeholders. Such companies tend to do what they can to be responsible towards shareholders, customers, employees and the environment, whether...
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...Ali DeLara Date: 01/06/13 Case Assignment #1 Does the Whole Food Market Strategy reflect their mission? The Whole Food Market (WFM) mission “Whole Food, Whole People, and Whole Planet” is made up of seven core values: selling the highest quality natural and organic products available; satisfying and delighting customers; supporting team member happiness and excellence; creating wealth through profits and growth; caring about the communities and the environment; creating ongoing win-win partnerships with suppliers; and promoting the health of their stakeholders through healthy eating education.(Thompson, Peteraf, Gamble, & Strickland. (2012)) WFM has developed strategies to fulfill each of the seven core values which make of their mission. Highest Quality Goods WFM’s product strategy is to provide customers with the highest quality natural and organic products available in the market. In order to achieve this goal they work with the suppliers and personally inspect the quality of each product before it placed in their stores. They also work with local and regional suppliers to ensure that their customers receive the freshest most seasonal products (Thompson et al., 2010). They will own purchase products from those suppliers who are dedicated to sustainable agriculture which are environmentally sound.( Thompson et al., 2010) Satisfying and Delighting Customers The pricing strategy is to provide the best prices for the highest quality natural and organic products. WFM...
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...risks that affect the entire market and not each single corporation; it is associated with the overall movement in the general market or economic. Systematic risk are also called as market risk, are non-diversifiable. According to Berk, DeMarzo and Harford (2012,p.337), systematic risks are risks that fluctuate through the market available news. These risks are difficult to be diversified even though the shareholder holds a portfolio since these risks affect the whole market. Systematic risks are included interest rate risk, inflation rate risk, market risk and exchange rate risk, recession, political risk, earthquake. Unsystematic Risks (diversifiable) Unsystematic risks are not affected by the economy but by the specific corporation. The fluctuation of share price of a particular corporation is due to the good or bad news announced by the corporation. It will increase when the corporation that had less earnings growth rate, and low morale or productivity of employees or a poor reputation of the corporation, vice versa. However, unsystematic risk can be diversified by shareholders who hold the portfolio when the stocks are negatively co-related. In fact, it means that when a particular event occurs that affects a specific corporation, the stock of other corporation will be unaffected and thus, the fluctuation of share price between two stocks can be offset. Unsystematic risks are included liquidity risk, operational risk, credit risk, reputational risk, and debt financing risk...
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...(APL) Introduction Research by Carter (2007) indicates that “sponsorship should no longer be seen as simply a media investment. It is important to raise awareness of the brand, but to make the most of sponsorship nowadays - and to really stand out from the crowd - sponsorship deals must be a real partnership between parties, adding value to customers by deepening their customer experience”. Lockyer (2003) agrees that smart sponsors capitalize on the opportunity to make an emotional connection with consumers, and to tie sponsorships directly for achieving corporate goals. According to the reasons above, there is a superior sponsorship opportunity for the National Australia Bank Group (NAB) to achieve corporate goals and strategies. The opportunity is to be the major sponsor of the Australian Poker League (APL) 2007/08 season. NAB Background Overview The National Australia Bank Group (NAB) is an international financial services organisation that provides a comprehensive and integrated range of financial products and services (NABGroup.com, nd: a). The NAB’s corporate purpose is to generate sustainable satisfactory returns to shareholders. The strategies are focused on the turnaround of the Group and building new avenues for growth (NABGroup.com, nd: b). By comparing Appendix One and Two, the benefits of the APL sponsorship opportunity fully fit in with NAB’s mandatory requirements and general criteria. By sponsoring APL, NAB would be the first bank in Australia to associate...
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...Notice of 2013 Annual Shareholders’ Meeting and Proxy Statement b McDonald’s Corporation 2013 Contents 3 7 8 8 8 14 14 14 42 Proxy Summary Notice of the Annual Shareholders’ Meeting Election of Directors Proposal No. 1. Election of Directors Director qualifications and biographical information Executive compensation Compensation Committee Report Compensation discussion and analysis Proposal No. 2. Advisory vote to approve executive compensation Other management proposal Proposal No. 3. Advisory vote to approve the appointment of Ernst & Young LLP as independent auditor for 2013 59 Stock ownership 59 Stock ownership guidelines 59 Security ownership of certain beneficial owners 60 Security ownership of management 61 Compliance with Section 16(a) of the Exchange Act Transactions with related persons, promoters and certain control persons Policies and procedures for related person transactions 61 61 62 Related person transactions 62 Communications 62 Communications with the Board of Directors and non-management Directors 62 Consideration of Director nominations for the 2014 Annual Shareholders’ Meeting 63 Shareholder proposals for inclusion in next year’s Proxy Statement 63 Other shareholder proposals for presentation at the 2014 Annual Shareholders’ Meeting 64 Solicitation of proxies and voting 64 Notice and access 64 Record date 64 Voting prior to the Annual Shareholders’ Meeting 64 Voting at the Annual Shareholders’ Meeting 64 Quorum 64 Voting tabulation 65...
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...conventional stance on professing its vision, mission, and values. It does not explicitly state any of these guides, but instead offers a combination of the three under such headers as “Our approach,” “Outlook for energy to 2030,” “Safety,” “Innovation,” “Greenhouse gas emissions,” “Water management,” “Air quality,” “Land management,” “Economic development,” “Aboriginal development,” and “Our people”.As the vision, mission, and value statements are not offered in a conventional format, they have been condensed and interpreted primarily from the “What guides us” and “How we do business” portions of Imperial Oil's website, as well as “Our approach” in the file “This Is Imperial Oil”. The statements presented here are created in the interest of having declared goals in these categories, which the company has not listed under the titles “vision,” “mission,” or “value”; they are derivative of information presented on the website, and are not stated explicitly by Imperial Oil. Vision:“Nobody gets hurt — we aim for 100% safety on the job and continually work towards improving that goal while exploring for, producing, refining and marketing products essential to society.” Mission: “We focus on these priorities: creating value for customers and shareholders, upholding business ethics, fostering responsible development, maintaining operational excellence, cultivating a strong workforce, and contributing to communities.” Values:“Safety, accountability, and social responsibility are...
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...Course Project Week 7 By Christina Johnson and Kenna Grace and Tonnet Slan Presented to Dr. Glenn Palmer Compensation and Benefits |Bank of America: |April 20, 2014 | What is Compensation? “Compensation represents both the intrinsic and extrinsic rewards employees receive for performing their jobs.” Martocchio, J.J. (2013) A Human Resource Management Approach. Compensation as most know is the hourly or annually paid. Compensation consist more of just hourly or annually pay. Organizations create monetary compensation process to reward their employees for their job performance. Monetary compensation is the core of compensation. A nonmonetary reward includes benefits such as medical insurance, paid time off and other services. Employees receive a base pay for performing their jobs. Base pay is recurring based on the company pay schedule. Companies distribute base pay to their employees in one of two forms: hourly pay or as salary. Employees earn hourly pay for every hour worked and salaries regardless of the number of hours worked. Understanding compensation’s goal in an organization takes understanding the role of HR and how compensation function fits into HR. Compensation Philosophy A compensation philosophy is a formal statement providing information on the company’s position about employee compensation. Compensation philosophies are usually created...
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...REPORT ON THE COMPANY OPERATIONS OF 1 PAST FIVE YEARS SALES AND PROFIT TRENDS ABOUT THE COMPANY PRODUCT RANGE IN DIFFERENT CATEGORIES NEW TECHNOLOGY AND INNOVATIONS SUSTAINABILITY AND OPERATIONS COST ANALYSIS AND THEIR PAST FIVE YEAR TRENDS MARKET SHARES IN DIFFERENT SEGMENTS CONTENTS 2 7 6 5 4 3 Colgate-Palmolive (India) Ltd is engaged in the personal care business, which includes oral care. The oral care products manufactured by the company include toothpastes, toothbrushes, toothpowder, whitening products and mouthwash. The personal care products manufactured by the company include body wash, liquid hand wash, shave preps, skin care and hair care. Colgate-Palmolive (India) Ltd was incorporated in the year 1937. In the year 1983, the company introduced their successful product Colgate Plus toothbrush in the market. ABOUT THE COMPANY PAST FIVE YEAR PERFORMANCE Colgate-Palmolive (India) Limited reported its first quarter results for the financial year 2012-13 with net sales of Rs. 736.1 crore, an increase of 20% over the same quarter of the previous year. Net profit for the quarter is reported at Rs. 117.4 crore, a 17% increase over the net profit of Rs. 100.4 crore for the same quarter of the previous year. During the quarter, the Company achieved a volume growth of 11%. The Company enhanced its leadership position in the toothpaste category to 54.5% volume market share (Jan’12-Jun’12) from 52.4% (Jan’11-Jun’11). The flagship brands...
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...Creating a Business Plan Harvard Business Press Boston, Massachusetts ISBN-13: 978-1-4221-6687-1 Creating a Business Plan Pocket Mentor Series The Pocket Mentor Series offers immediate solutions to common challenges managers face on the job every day. Each book in the series is packed with handy tools, self-tests, and real-life examples to help you identify your strengths and weaknesses and hone critical skills. Whether you’re at your desk, in a meeting, or on the road, these portable guides enable you to tackle the daily demands of your work with greater speed, savvy, and effectiveness. Books in the series: Leading Teams Running Meetings Managing Time Managing Projects Coaching People Giving Feedback Leading People Negotiating Outcomes Writing for Business Giving Presentations Understanding Finance Dismissing an Employee Creating a Business Plan Managing Stress Delegating Work Shaping Your Career Persuading People Managing Crises Managing Up Becoming a New Manager Managing Difficult Interactions Hiring an Employee Making Decisions Managing Diversity Executing Innovation Creating a Business Plan Expert Solutions to Everyday Challenges Harvard Business School Publishing Boston, Massachusetts Copyright 2007 Harvard Business School Publishing Corporation All rights reserved No part of this publication may be reproduced, stored in or introduced into a retrieval system, or transmitted, in any form, or by any means (electronic, mechanical, photocopying, recording...
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...ethics is a group of moral principles, standards of behavior or set of values regarding proper conduct in the workplace. This is something organizations need to focus on in order for them to succeed and strive to remain on top while the competition in the marketplace is so high. Ensuring your employees know and practice work ethics is important so employees remain loyal to the organization as well as knowing when and how to report an incident no matter how big or small. Companies should always have this information available and periodically have training in this area to keep current with the times and create an environment where employees feel they can talk to their supervisors or managers without fear of retaliation or retribution. In this paper, I will discuss in detail what work ethics are and what organizations can do to help this process. Businesses and corporations that stand and uphold ethics in the workplace tend to show more productivity and less job turnover than companies that don’t support ethics in the workplace. The need for this is essential. In a market where competition runs rampid, companies that practice dirty ethics and customer distrust are on the rise, a company that has integrity and shows promise is the companies that customers tend to favor. This is very noticeable especially when people are faced with morals and values that are set high. This tends to be mostly people with children and...
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...or higher or your money back! Tip #1: Use CRTL+F to search a related keyword to quickly find the topic you need. Tip #2: If a topic is missing, please email us at support@accnerd.com. We can usually provide immediate custom support during normal business hours. 1. Ordinary repairs are expenses to keep a plant asset functioning properly: Revenue expenditures Explanation: Revenue expenditure is an ongoing cost to maintain the operational efficiency of an asset. 2. Percentage of receivables method: Estimated uncollectible accounts = $15,000. Allowance for Doubtful Accounts = $3,000 What is the amount of bad debts expense? $12,000 Explanation: This entry simply requires you to subtract 3,000 from the 15,000 in estimated uncollectable accounts. 3. What is true about intangible assets? They should be reported with a separate classification on the balance sheet Explanation: Intangible assets should be organized into its own distinct group on the balance sheet. 4. Intangible assets are the rights and privileges from assets with which characteristic? They do not have physical substance Explanation: Intangible assets are things like copyrights, patents, trademarks, trade secrets, and software code. 5. What is the book value of an asset? The asset’s cost less its accumulated depreciation Explanation: Book value is its value on paper, but does not accurately reflect the true market value. 6. Gains experienced on the...
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...Today, as we look around the world, we see an increase in the number of corporations; as capitalism has spiraled to a peak. While corporation’s products and services are needs and wants of the economy, their moral actions, or lack there of, are not, however, directly or indirectly affect us each day. Are corporations people? Can corporations be considered moral? Questions such as these have been raised by Shaw and Barry in the text Moral Issues in Business. While the answers to these questions are debatable, the infamous Enron Corporation shows us that while the people make up the company, the company as a whole receives the reputation of being immoral or unethical. We consider Kenneth L. Lay and Jeffery Skilling, the former president and CEO of Enron, the driving forces behind Enron’s bogus success and responsible for the moral code that should have been set for the organization. These unethical actions Enron took part in even had support by auditor, Arthur Anderson, and attorneys, Vinson & Elkin. The top leaders of Enron had a passion for capitalism, which drove the company to illegal and unethical behaviors, eventually leading to the catastrophic fall of the company. However, in order for Enron to deceive as long as they did without being caught, a lot of their actions were actually legal, but immoral. Enron’s use of mark-to market (MTM) accounting and taking advantage of energy deregulation in California, led to their “profit at all costs” mentality, legal, moral,...
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... BUS/475 July 10, 2014 Forward The document relates to the methods which organizations use in creating as well as executing methods. Specifically this document would discuss the method of balanced scorecard or BSC method which is extensively getting used by big as well as small companies. To elaborate the concept papers would cope with the use of the idea to the business design of an organization known as Ace Gym. As soon as the organizations’ importance, objective, perception and profits are evaluated after that the strategic plan of balanced scorecard can be developed considering them. The document would also concentrate on the contingency planning, danger elimination and moral dimensions of the developed plans. The Balance scorecard The BSC method can be shown as a method which evaluates the efficiency of the company through four main areas i.e. economical, client, inner business procedures and research and development (Bergen & Benco, 2007). These four areas can be described keeping in consideration the organization’s (Ace Gym) objective, perception and value declaration as: 1) Financial Gym Ace would have to concentrate on developing a competitive edge for itself through allocation of correct adequate sources as well as through keeping a client database so as to decrease the element of danger by a...
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...Running head: PROBLEM SOLUTION: RIORDAN MANUFACTURING Problem Solution: Riordan Manufacturing Khwaja Shaik University of Phoenix Problem Solution: Riordan Manufacturing Riordan Manufacturing is a global plastics producer employing 550 people with projected annual earnings of $46 million. The company is wholly owned by Riordan Industries, a Fortune 1000 enterprise with revenues in excess of $1 billion. Production is divided among three plants: plastic beverage containers in Albany, Georgia; custom plastic parts in Pontiac, Michigan; and plastic fan parts in Hangzhou, China. Research and Development is conducted at corporate headquarters in San Jose, California. Riordan's major customers are automotive parts manufacturers, aircraft manufacturers, the Department of Defense, beverage makers and bottlers, and appliance manufacturers. This research paper will discuss the issues being faced by Riordan Manufacturing and provides solution based on various motivation, rewards and performance concepts Situation Analysis Issue and Opportunity Identification – Total reward system The current reward system is barely based on performance, instead recognizing cost-of-living increases, seniority and position. Faced with declining morale and work ethic, Riordan managers have been pressuring the CEO to "do something" about the rewards system. Riordan’s employees comprise three major demographic groups. Baby boomers make up the bulk of the managerial and about...
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