User Account

All Pages

Owner reasoning is most likely incorrect

Assignment Help Business Management
Reference no: EM131263642

You work at a restaurant that is currently serving 200 customers per day and earning a daily profit of $500. The restaurant currently has 25 total employees. The owner of the restaurant wants to expand the number of workers to 50, arguing that this should double the amount of profit earned each day, since the restaurant will now be able to serve twice as many customers. Explain why the owner's reasoning is most likely incorrect.

Reference no: EM131263642

Questions Cloud

What are jane preferences towards risk : Jane has utility function over her net income U (I ) = I What are Jane's preferences towards risk? Is she risk averse, risk neutral or risk loving? [Explain briefly your answer]
How performance appraisals can contribute to the achievement : Write a paper describing how effective performance appraisals can increase employee performance. This paper should include sections on the strategic advantages of performance appraisals, potential forms of bias within the appraisal system, as well..
Factors that influence international trade : World trade has grown substantially in the last 60 years. For example, while world output grew at an annual rate of 3.8% per year between 1950 and 2003, world exports grew at 10.8% per year over the same time period.
Difference of escientific computing and numerical analysis : Give a simple example where relative error is a more suitable measure than absolute error, and another example where the absolute error measure is more suitable.
Owner reasoning is most likely incorrect : The owner of the restaurant wants to expand the number of workers to 50, arguing that this should double the amount of profit earned each day, since the restaurant will now be able to serve twice as many customers. Explain why the owner's reasonin..
Provide an example to justify your choice : (i) If the price of a pizza is $6 how many should you buy? (ii) Provide an example to justify your choice.
Was there a meaningful message to pop art : Using an art example from the Pop Art movement, describe what social or political statements the Pop artists were trying to make. Much of Pop Art focused on mundane objects and repetitive imagery. Was there a meaningful "message" to Pop Art?
Analyze future potentials for labor market forecast field : Use strategic planning tools to investigate the career field that interests you. Outline the industry and government trends as they relate to strategic planning. Conduct a SWOT analysis of your selected industry, analyze future potentials for th..
How long should the rope be to let the goat reach in field : Gobbling goat There is a grassy field in the shape of a circle with a radius of 100 feet. A goat is attached by a rope to a hook at a fixed point on the field's border. How long should the rope be to let the goat reach only half of the grass in th..

Reviews

Write a Review

Business Management Questions & Answers

  Determine advertising budget

When a retailer chooses to use all the money it can afford to spend on advertising, the retailer is using which method to determine its advertising budget?

  What does the expression communication skills include

What does the expression communication skills include? In today's workplace can you expect to be exercising more or less control of your career? Why?

  Business ethics-moral agent

Illustrate the responsibility of the corporation as the moral agent.

  Which bus is the better choice based on life cycle analysis

The life of a school bus in the district averages 9 years, and each bus travels an average of 30,000 miles per year because the district is so large and rural.  - Which bus is the better choice based on a life-cycle analysis?

  Why are foreign mnes like ups seeking to invest in india

Which lessons from UPS's past history might be helpful in entering the Indian market? Which ones might not be transferable?

  Reflect on the critical life experiences that have shaped

reflect on the critical life experiences that have shaped one into the leaders we are today. consider your chosen team

  How do these property transactions differ

How do these property transactions differ from commodity supply chain transactions - What advantage do the real estate company and the law firm gain by adopting their client's technology platform (Lotus Notes/Domino)?

  How does limited liability make

How does limited liability make it easier for companies to raise finance?

  What is your definition of talent management

What is your definition of talent management? Explain why companies are placing intense focus on attracting and retaining the best talent at all levels of an organization.

  You will prepare a report that discusses the pricing and

you will prepare a report that discusses the pricing and distribution strategies. research the following topics for the

  Define customer experience

Define customer experience and provide examples of positive customer experiences that you have personally observed. Explain why customer service is so important for providing a great customer experience.

  Identify the effect these conflicts may have on the project

Identify the effect these conflicts may have on the project and (most importantly) explain how they might be resolved.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd