Hypothetical situations-face of financial pressures

Assignment Help Financial Management
Reference no: EM131621942

Directions

Following are eight hypothetical situations in which you have to make a decision that will affect you and members of your work group. For each, indicate which of the following actions you are most likely to take by writing the letter corresponding to that action in the space provided.

Action A. Let the members of the group decide themselves what to do.

Action B. Ask the members of the group what to do but make the final decision yourself.

Action C. Make the decision yourself but explain your reasons.

Action D. Make the decision yourself, telling the group exactly what to do.

1. In the face of financial pressures, you are forced to make budget cuts for your unit. Where do you cut?

2. To meet an impending deadline, someone in your secretarial pool will have to work late one evening to finish typing an important report. Who will it be?

3. As coach of a company softball team, you are required to trim your squad to twenty-five players from thirty currently on the roster. Who goes?

4. Employees in your department have to schedule their summer vacations so as to keep the office appropriately staffed. Who decides first?

5. As chair of the social committee, you are responsible for determining the theme for the company ball. How do you do so?

6. You have an opportunity to buy or rent an important piece of equipment for your company. After gathering all the facts, how do you make the choice?

7. The office is being redecorated. How do you decide on the color scheme?

8. Along with your associates you are taking a visiting dignitary to dinner. How do you decide what restaurant to go to?

Reference no: EM131621942

Questions Cloud

Find the new value for the money supply : Use the money multiplier to find the new value for the money supply if open market operations increase the monetary base by ?$100 billion.
The main sources for financial innovation : The following are the main sources for financial innovation except
Results to the T-account entries for the Federal Reserve : An open market purchase of a $100 government security from a bank results to the T-account entries for the Federal Reserve of
The firm cash conversion cycle : A firm has arranged for a lockbox system to reduce collection time of accounts receivable. The firm's cash conversion cycle.
Hypothetical situations-face of financial pressures : Following are eight hypothetical situations in which you have to make a decision that will affect you and members of your work group.
What goals will you set for client acquisition : What goals will you set for client acquisition and at what duration?
Salary structure upon graduation from the training program : how do you plan to replace your salary structure upon graduation from the training program?
Purpose of preparing periodic report at regular intervals : What is the purpose of preparing a periodic report at regular intervals? How should management use the information contained in periodic budget reports?
Permanent life insurance policies : Permanent life insurance policies. the fastest growth area for life insurance companies. Property and casualty insurance companies are.

Reviews

Write a Review

Financial Management Questions & Answers

  The discount rate is infinite

An investment has an installed cost of $565,382. If the discount rate is zero, what is the NPV? If the discount rate is infinite, what is the NPV?

  High tax bracket-concerned about after tax rate of return

Both a wife and her husband work in the airline industry. They are in their 40s and they have a high tax bracket and are concerned about their after tax rate of return. A meeting with their financial planner reveals they are primarily focused on long..

  Complete the robins federal tax return

Warner and Augustine Robins, both 33 years old, have been married for 9 years. They live at 638 Russell Parkway, Macon, GA 31207. The Dragon Lady stock is owned 40 percent by Warner, 40 percent by Augustine, and 20 percent by Warner father. Complete ..

  Account balance immediately after todays monthly deposit

Your parents contribute $180 monthly to a college savings plan for you that earn 5.4% compounded monthly. The first deposit was exactly 18 years ago. Find the account balance immediately after today’s monthly deposit and crediting of interest.

  Customers who buon on credit given the data

How many days does it take on aveage for Fotoshop to collect cash from the customers who buon on credit given the following data?

  What is the convexity of each bond

Suppose bond A has 20 years left to maturity, an 8% coupon rate, pays interest semi-annually, and has a 6% yield to maturity and bond B has 25 years left to maturity, a 5% coupon rate, pays interest semi-annually, and has a 7% yield to maturity. What..

  Determine average time customers spend at the machine

Many of a bank’s customers use its automatic teller machine to transact business after normal banking hours. During the early evening hours in the summer months, customers arrive at a certain location at the rate of one every other minute. Determine ..

  Calculate the yield using a geometric average

Calculate the yield using a geometric average.

  Explanation for the difference in the firms cost of capital

What is the most likely explanation for the difference in the firms' cost of capital?

  European call option on the stock with a strike price

Use the Black-Sholes-Merton model to find the price of a 12-month European call option on the stock with a strike price of $20.

  What is the price of the treasury bond

BBB-rated Corporate bond has a yield to maturity of 5.0%. A U.S. Treasury security has a yield of 3.0%. These yields are quoted as APRs with semiannual compounding. Both bonds pay semi-annual coupons at a rate of 3.2% and have five years to maturity...

  Which rate offers the lowest cost

Suppose that you can subscribe to a magazine using either a one-year rate of $27, a two-year rate of $52, a three-year rate of $65, or a four-year rate of $100. If want to receive this magazine for four years and if your opportunity cost of funds is ..

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!

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