Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

An instructor has asked students to reflect on the two questions as hypothetical; as if we were working for a top USA based Fortune 50

An instructor has asked students to reflect on the two questions as hypothetical; as if we were working for a top USA based Fortune 50 company providing a service/training customers. The instructor wants general ideas to propel conversation in class. I'm having trouble understanding & providing ideas based on info given from the instructor. 1)How are budgets linked or not linked to manager/employee compensation? Do you think that compensation should be linked to achieving budgeted results? What is the reason for your conclusion? 2)Assume your organization had a sudden decrease in revenue of 15%. How would you suggest the organization respond? What expenses would be most likely be targeted (if any) for immediate reduction? -The instructor gave a hint to this referencing it as a modern day "stock market crash."

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Contemporary Business Mathematics with Canadian Applications

Authors: S. A. Hummelbrunner, Kelly Halliday, Ali R. Hassanlou, K. Suzanne Coombs

11th edition

134141083, 978-0134141084

More Books

Students also viewed these Finance questions

Question

How can MBO be applied to a new venture? Give an example.

Answered: 1 week ago