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Please read the following hypothetical case, then address each of the following issues in a separate paragraph or two, with each response identified by the corresponding letter of the issue you are addressing. Your responses should reflect issues you have studied in the unit chapters and must be your own work. If you do incorporate other sources, be sure to clearly identify them as such. All submissions are expected to be college level work, with appropriate spelling, grammar, formatting, etc., and must be submitted in .doc or. dox format. Eddy has the world’s best recipes for Chili and Hot Dogs, and at the urging of family and friends, is finally opening his restaurant, “Fast Eddy’s”. He has ample personal resources from his fortune earned as a stock trader, so finance is not a concern. He does however, have limited experience as a business operator, and has some decisions to make. Please address the following questions to help him make his choices. 1. Given the fact that he will be opening a restaurant and knowing a little about his personal situation, what legal form of ownership would you recommend he use? Please give your rationale for your recommendation, including any possible downsides to the form. 2. He anticipates being open for lunch and dinner, with both eat in and take out options available, 6 days a week. Initially, he plans to hire approx. 25 employees. What formal organizational structure would you recommend he use? Provide a simple organizational chart and explain the pros and cons of this choice. 3. Eddy wants to have happy employees, as he believes that will result in better performance. Please make one specific suggestion for a motivating technique he could employ and explain what motivational theory it relates to. 4. The idea of franchising his idea has crossed his mind. If he were to take that step, what issues, positive and negative, would you anticipate him encountering in the early years of his operation?
Strutledge is a small private liberal arts school located within 50 miles of a major urban area in the southeast United States. As with most institutions of higher education, Strutledge's costs are rising and its enrollments are decreasing. In an ..
A company you are working for has not been profitable selling its product. Where, relative to the breakeven point, on the graph of the breakeven analysis is the firm currently operating, and why?
Describe potential solutions for addressing health care professional shortages in a targeted field. What are the reasons that let some groups more active than others?
What skills and knowledge are required to perform the work? What are the measures of successful performance of the work?
customer contact varies from high to low. what difference does the degree of customer contact make in providing
Write a justification for capital purchase to your vice president as to why the purchase would be a good investment for the hospital. The paper should include the operating costs you took into consideration, what facility considerations are involved ..
Entitled 'Globalization and Corruption in Europe and Russia' and comment upon this topic with an initial posting of at least 200 words to be followed by a second posting of at least 50 words which is a response to a classmate's posting.
When a supermarket offers a new loyalty scheme with an array of benefits, including a fee-free credit card and weekly discounts on selected items
Dumoor Appliance Center sells and services several brands of major appliances. Past sales for a particular model of refrigerator have resulted in the following probability distribution for demand: Based on cost considerations as well as storage space..
A pivotal role of a manager is to understand, or be aware, of cultural issues in the country you are operating out of.
Determine the WACC given the above assumptions. Indicate how these might be useful to determine the feasibility of the capital project.
What kinds of actions might under rewarded employees seek to reduce their feelings of inequity?
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