How are flexible budget reports useful in management by exception?
> How sustainable is Volvo’s luxury bus strategy?
> In which respects does the Jamie Oliver Group exemplify issues relevant to entrepreneurial businesses (see Section 5.2.3)?
> Adapt the corporate governance chain described in Figure 5.4 to Oxfam GB. What were the weaknesses in this chain?
> Identify Oxfam GB’s various stakeholders along the lines of Figure 5.1 and assess their engagement in terms of the power/attention matrix in Figure 5.2.
> How adequate is the 2018 reorganization to Ten cent’s various challenges at that point? What else might be necessary?
> Referring to Section 5.3.1, analyse Uber’s culture under Travis Kalanick in terms of values, beliefs, behaviors and taken-for-granted assumptions (the ‘paradigm’). How much has this culture changed and how consistent is it across Uber as a whole?
> If you were a large shareholder in Uber contemplating buying more stock in the Initial Public Offering of 2019, how satisfied would you be with Uber’s governance and what changes would you seek, in particular with regard to the company’s governance chain
> In what respects did the University of Bath’s culture under Breakwell appear to diverge from that outlined in the 2016–21 strategic plan and what could be done to reduce this apparent divergence?
> Identify key elements in the university’s traditional organisational culture either in terms of Schein’s four layers (Figure 5.5) or the cultural web (Figure 5.6).
> Explain the relevance of the principal–agent model (Section 5.3) to Oliver’s trust in CEO Paul Hunt.
> What does the SWOT analysis tell us about the competitive position of Pharmcare within the industry as a whole?
> What is the importance of the Samwers brothers? What would happen if they left or sold the company?
> Based on your initial analysis and answers to Question 1, carry out a VRIO analysis for Rocket Internet. What do you conclude? To what extent does Rocket Internet have resources and capabilities with sustained competitive advantage?
> Based on the data from the case (and any other sources available) use the frameworks from the chapter and analyze the resources and capabilities of Rocket Internet: a. What are its resources and capabilities? b. What are its threshold, distinctive and dy
> Identify the benefits and dangers (other than those identified in the text) of a SWOT analysis such as that in the illustration.
> Explain the strategic reasons behind each of the reorganizations (2005, 2012 and 2018) undertaken by Tencent.
> What other social media networks and apps do you use that you think could beat Facebook? Why?
> Why are network effects important for Facebook? Would you switch to another social network if it had better features even if it was considerably smaller?
> How would you evaluate the behaviour of banks trying to keep competition out from an ethical point of view?
> Evaluate the strengths of the banking industry’s entry barriers according to Porter’s criteria.
> What PESTEL factors are driving changes in the industry? What are the main threats or opportunities that arise from the factors below?
> What strategic group dimensions and strategic groups can you identify? What are the differences between them?
> Carry out a five forces analysis of the advertising industry. What are the strengths of the five forces and what underlying factors drive them? What is the industry attractiveness?
> Based on your analysis: how should Emily handle the different forces? what strategic options should she consider?
> Students are likely to mention a range of social media platforms, for example, Snapchat and TicToc but they need to think carefully to what extent these can build on network effects to beat Facebook.
> Assess the relative importance of formal laws and informal norms for the development of Juul’s strategy in the United States.
> Returning to Section 9.3, what kind of leadership style might have been required of Balla and Courtelle? What kinds of leadership actions would you have expected them to undertake?
> If you were a foreign cyber security company, what would you do to access Israel’s expertise?
> Identify at least one important hub and one important broker in the Unit 8200 network.
> Have the Opportunities and Threats changed since 2018? How would you update this analysis?
> Taking one of the FANG companies, what do you think is its greatest macro-environmental threat, and what is its greatest macro-environmental opportunity?
> Carry out a PESTEL analysis of Alibaba at the time of the case. Evaluate the balance of opportunities and threats, using the same kind of figure as in Illustration 2.1.
> What are the different implications of these scenarios for an international consulting firm such as Deloitte? Which scenario would it like best; which would it like least?
> What other ‘uncertainties’ might have been considered beyond the two finally considered here (use the headings of political, economic, social, technological, ecological and legal)?
> How do you think the different institutional environments internationally have influenced Juul’s overseas strategy so far and what kinds of countries do you think it should prioritise?
> Draw a basic sociogram of Alibaba’s network (see Section 2.2.3 and Figure 2.5): some simplification may be necessary. Explain why Alibaba’s network might be useful.
> Converting good strategic thinking into action can be a challenge: examine how Airbnb has achieved this by considering the elements seen in Section 1.3.3.
> In terms of Figure 9.6, what type of change did La Redoute undertake with its digital transformation?
> Following on from the previous questions and making use of Section 1.3.2, what alternative strategies do you see for Airbnb?
> Using the headings of environment, strategic capability, strategic purpose and culture seen in Section 1.3.1, identify key positioning issues for Airbnb and consider their relative importance.
> Carry out a ‘three-horizons’ analysis (Section 1.2.1) of Airbnb, in terms of both existing activities and possible future ones. How might this analysis affect its future strategic direction?
> Sticking to the 35-word limit suggested by Collis and Rukstad in Section 1.2.3, what strategy statement would you propose for Airbnb?
> Construct a strategy statement for your own organization (university, sports club or employer). What implications might this statement have for your particular course or department?
> Construct short strategy statements covering the goals, scope and advantage of Samsung and York University. How much do the different private and public sector contexts matter?
> What seems to account for Tesla’s success and current difficulties?
> How does Tesla Motor’s strategy fit with the various strategy definitions in Figure 1.1?
> Which leaders are more transformational, which more transactional and which situational (see Section 9.4)?
> What reforms to these systems would you recommend? What downsides to these reforms might there be?
> Compare the different views of leadership, particularly with regard to knowledge, courage and people. What are the commonalities and differences?
> What is the standard overhead rate? How is it computed?
> In an analysis of overhead cost variances, what is the controllable variance and what causes it?
> In an analysis of fixed overhead cost variances, what is the volume variance?
> Each member of the team is to assume responsibility for one of the following tasks. a. Journalizing in the purchases journal. b. Journalizing in the cash payments journal. c. Maintaining and verifying the accounts payable ledger. d. Journalizing in the s
> Assume an airline is considering an investment in a new baggage handling system. Separate into teams and identify at least three qualitative factors that should be considered in this investment decision.
> The following calendar-year information is taken from the adjusted trial balance and other records of Dahlia Company. Required 1. Each team member is to be responsible for computing one of the following amounts. Do not duplicate your teammatesâ
> This activity requires teamwork to reinforce understanding of accounting for treasury stock. 1. Write a brief team statement (a) generalizing what happens to a corporation’s financial position when it engages in a stock buyback and (b) identifying reason
> Each team member is to become an expert on one depreciation method to facilitate teammates’ understanding of that method. Follow these procedures: a. Each team member is to select an area of expertise from one of the following depreciation methods: strai
> Santana Rey receives the March bank statement for Business Solutions on April 11, 2022. The March 31 bank statement shows an ending cash balance of $67,566. The general ledger Cash account, No. 101, shows an ending cash balance per books of $68,057 as o
> Assume that Santana Rey expands Business Solutions’ system to include special journals. Required 1. Locate the transactions related to January through March 2022 for Business Solutions in Chapter 5. 2. Enter the Business Solutions transactions for Janua
> Santana Rey of Business Solutions is evaluating her inventory to determine whether it must be adjusted based on lower of cost or market rules. Business Solutions has three different types of software in its inventory, and the following information is ava
> Describe the concept of management by exception and explain how standard costs help managers apply this concept to control costs.
> Santana Rey created Business Solutions on October 1, 2021. The company has been successful, and its list of customers has grown. To accommodate the growth, the accounting system is modified to set up separate accounts for each customer. The following cha
> The December 31, 2021, adjusted trial balance of Business Solutions (reflecting its transactions from October through December of 2021) follows. Required 1. Prepare an income statement for the three months ended December 31, 2021. 2. Prepare a statement
> After the success of the company’s first two months, Santana Rey continues to operate Business Solutions. (Transactions for the first two months are described in the Chapter 2 serial problem.) The November 30, 2021, unadjusted trial ba
> On October 1, 2021, Santana Rey launched a computer services company called Business Solutions, which provides consulting services, computer system installations, and custom program development. The company’s initial chart of accounts
> On October 1, 2021, Santana Rey launched a computer services company, Business Solutions that is organized as a proprietorship and provides consulting services, computer system installations, and custom program development. Required Create a table like
> This serial problem began in Chapter 1 and continues through most of the book. If previous chapter segments were not completed, the serial problem can begin at this point. SP 25 Santana Rey sees that Business Solutions’ line of computer
> SP 26 Santana Rey is considering the purchase of equipment for Business Solutions that would allow the company to add a new product to its computer furniture line. The equipment is expected to cost $300,000 and to have a six-year life and no salvage valu
> Santana Rey, owner of Business Solutions, diversifies her business by also manufacturing computer workstation furniture. Required 1. Classify the following manufacturing costs of Business Solutions as either direct (D) or indirect (I). 2. Prepare a sche
> Use the following selected data from Business Solutions’ income statement for the three months ended March 31, 2022, and from its March 31, 2022, balance sheet to complete the requirements. Required 1. Compute the gross margin ratio (b
> Santana Rey, owner of Business Solutions, decides to prepare a statement of cash flows for her business. (Although the serial problem allowed for various ownership changes in earlier chapters, we will prepare the statement of cash flows using the followi
> What formula can be used to compute total budgeted costs at any activity level?
> While reviewing the March 31, 2022, balance sheet of Business Solutions, Santana Rey notes that the business has built a large cash balance of $68,057. Its most recent bank money market statement shows that the funds are earning an annualized return of 0
> Santana Rey created Business Solutions on October 1, 2021. The company has been successful, and Santana plans to expand her business. She believes that an additional $86,000 is needed and is investigating three funding sources. a. Santana’s sister Cicely
> Serial problem began in Chapter 1. If previous chapter segments were not completed, the serial problem can begin at this point. It is available in Connect with an algorithmic option. At the start of 2022, Santana Rey is considering adding a partner to he
> Selected ledger account balances for Business Solutions follow. Required 1. Assume that Business Solutions does not acquire additional office equipment or computer equipment in 2022. Compute amounts for the year ended December 31, 2022, for Depreciation
> Santana Rey, owner of Business Solutions, realizes that she needs to begin accounting for bad debts expense. Assume that Business Solutions has total revenues of $44,000 during the first three months of 2022 and that the Accounts Receivable balance on Ma
> Home Demo reports the following results. (a) Compute Home Demo’s return on assets. (b) Is Home Demo’s return on assets better than the 11% return of Lows Hardware (a competitor)?
> Identify the following cash flows as reported under either operating activities, investing activities, or financing activities. 1. Cash purchase of equipment 2. Cash paid for land 3. Cash paid for advertising 4. Cash paid for wages 5. Cash paid on accoun
> Use the information in QS 1-15 to prepare a December 31 balance sheet for Hawking. Hint: Hawking, Capital, December 31, equals $15,700.
> Complete the following table with either a yes or no regarding the attributes of a sole proprietorship, partnership, corporation, and limited liability company (LLC).
> Identify the following users as either External users or internal users. a. Customers b. Suppliers c. External auditors d. Business press e. Managers f. District attorney g. Shareholders h. Lenders i. Controllers j. FBI and IRS k. Consumer group l. Vot
> Coca-Cola redesigned its bottle to reduce its use of glass, thus lowering its bottle’s weight and CO2 emissions. Which budgets in the company’s master budget will this redesign impact?
> Choose the term or phrase below that best completes each statement. a. Accounting c. recording e. Governmental g. Language of business b. Identifying d. Communicating f. Artificial intelligence h. Recordkeeping (bookkeeping) 1. Helps accountants by perf
> Use the information below to prepare (a) departmental income statements and (b) the departmental contribution to overhead. Salaries are direct expenses, and all other expenses are indirect expenses.
> A retailer pays $130,000 rent each year for its two-story building. Space in this building is occupied by five departments as shown here. The company allocates $84,500 of total rent expense to the first floor and $45,500 to the second floor. It then allo
> Sierra Company has two operating departments: Mixing and Bottling. Mixing occupies 22,000 square feet. Bottling occupies 18,000 square feet. Maintenance costs of $200,000 are allocated to operating departments based on square feet occupied. Determine the
> Soda Pop Company has two operating departments: Mixing and Bottling. Mixing has 300 employees and Bottling has 200 employees. Office costs of $160,000 are allocated to operating departments based on the number of employees. Determine the office costs all
> For each of the following expenses, select the best allocation basis.
> The plant manager of the Ohio factory is responsible for two cost centers: Clothing and Shoes. Responsibility accounting reports for the Ohio factory (incomplete) and for the Shoes department (complete) follow. Finish the report for the Ohio factory by d
> A partial responsibility accounting report for a cost center follows. Complete the report by determining the missing items a, b, and c.
> Jose Ruiz manages a construction firm’s equipment repair department. His department is a cost center. Costs for a recent period follow. Jose cannot control his salary, rent, or insurance. Compute total controllable costs that would appe
> (1) Use the information below to compute the days in the cash conversion cycle for each company. (2) Which company is more effective at managing cash based on this measure?
> Certified Management Accountants must understand budgeting. Access the Institute of Management Accountants website (imanet.org), click on the “CMA Certification” tab, and select “Taking the Exam.” Scroll down and select “Review the Most Recent Content Sp
> A hotel reports the following for its two divisions. The company uses a balanced scorecard and sets a goal of 85% occupancy in its hotels. 1. Which division(s) exceeded the occupancy goal for the current year? 2. Which division(s) improved its occupancy
> Classify each of the performance measures below into the most likely of four balanced scorecard perspectives it relates to: Customer, Internal process, Innovation & learning, or Financial.
> A company’s division has sales of $2,000,000, income of $80,000, and average assets of $1,600,000. Compute the division’s profit margin, return on investment, and investment turnover.
> For each of the following, select its best description.
> AirPro Corp. reports the following for this period. Compute the (a) total overhead variance and (b) controllable variance and identify each variance as favorable or unfavorable.
> Derr Co. reports the following. Compute (a) controllable variance, (b) volume variance, and (c) total overhead variance.
