Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on May 17, 2024

Ethan Coleman, the president and CEO of High-Tech Inc., recently stated: We are in the business of innovation! If we don't innovate and encourage creative

Ethan Coleman, the president and CEO of High-Tech Inc., recently stated:

We are in the business of innovation! If we don't innovate and encourage creative thinking in our employees, we are doomed.

Why should I encourage my staff to develop budgets and standards? This will limit their creativity. Budgets, performance measures and cost control are for traditional manufacturing organizations- Not for high-tech industries.

Do you agree with what Ethan says? Do you think it is important to have a management control system in high-tech companies?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

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

Step: 2

Step: 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

Managing Information Technology

Authors: Carol Brown, Daniel DeHayes, Jeffrey Hoffer, Wainright Marti

7th Edition

132146320, 978-0132146326

Students also viewed these General Management questions

Question

Question: What as the average weekly safety inventory level of refined sugar from the beginning January 2022 to the end of July 2022? A. 512,465.9691 metric tons per week B. 316,002.1474 metric tons...

Answered: 1 week ago

Question

★★★★★

What type of business is S. G. Cowen? How is this firm different from the other financial firms? How systems and operations of financial firms are different from other types of businesses - say...

Answered: 1 week ago

Question

★★★★★

Kate Elliott, "a new product development specialist at Donaldson Family Foods, Inc., paced in her office and shuffled papers on her desk. She had a lot of work to do, but she couldn't seem...

Answered: 1 week ago

Question

★★★★★

Many auditors consider the substantiation of the figure for inventory to be a more difficult and challenging task than the verification of most other items on the balance sheet. List several specific...

Answered: 1 week ago

Question

★★★★★

1. Each of these systems needed significant investment in resources and capital. What do you believe was the rationale to justify the costs of these systems? What types of quantitative savings can be...

Answered: 1 week ago

Question

★★★★★

Consider the Lagrangian Find the constraints of the system, write down the total Hamiltonian, and solve for $U_{m}, v_{a}$. L || 1 +9291 - 9192. (29.71)

Answered: 1 week ago

Question

★★★★★

Examine the benefits and challenges of the use of technology in an example of survey research.

Answered: 1 week ago

Question

★★★★★

Part a. Reproduced in the following table are the first three lines from the 2% columns of each of several tables of mathematical values. For each of the following items, you are to select from among...

Answered: 1 week ago

Question

★★★★★

Here is the information collected at Crations Plus as of March 31, 2020: 1. The balances of the Cash on the books account and the bank account on the bank statement are respectively $ 15,031.14 and $...

Answered: 1 week ago

Question

★★★★★

Answer Questions #1 and #3 following the Prah v. Maretti case: 1.) What has changed today that influenced the court to reassess the repudiation of the doctrine of ancient lights? 2.)Given the...

Answered: 1 week ago

Question

★★★★★

Compute the Manufacturing Overhead Applied to Jobs; Direct Materials Used=$300,000, Indirect Materials Used =$75,000, Direct Labor=$250,000, Indirect Labor=$55,000, Factory Rent Costs=$175,000, The...

Answered: 1 week ago

Question

★★★★★

First Month of Operations The following transactions took place during the first month of operations of Mother Mollys Childcare. On May 1, Molly invests $50,000 to open Mother Mollys Childcare. On...

Answered: 1 week ago

Question

★★★★★

10. DJIA (LO4, CFA2) On May 31, 2022, the DJIA opened at 33,160.59. The divisor at that time was .15173. Suppose on this day the prices for 29 of the stocks remained unchanged and I stock increased...

Answered: 1 week ago

Question

★★★★★

Burdeno Appliances has two divisions, Sales and Financing. Sales is responsible for selling Burdenos inventory and maintaining inventory for future sale. Financing Division takes loan applications,...

Answered: 1 week ago

Question

★★★★★

Jason went to the post office and bought both 41-cent stamps and 26-cent postcards and spent $10.28. The number of stamps was 4 more than twice the number of postcards. How many of each did he buy?

Answered: 1 week ago

Question

★★★★★

Albany Division is considering the acquisition of a new asset that will cost $540,000 and have a cash flow of $184,000 per year for each of the four years of its life. Depreciation is computed on a...

Answered: 1 week ago

Question

★★★★★

Please be detailed when you answer this question. I included question marks too so you wont miss any rectangle ( spot ) . I also included the required vocabullary to use and added an arrow to guide...

Answered: 1 week ago

Question

★★★★★

An example of prescriptive analytics is when an action is recommended based on previously observed actions. For example, an analysis might help determine procedures to follow when new accounts are...

Answered: 1 week ago

Question

★★★★★

a. What is the probability that exactly 10 of these are from the second section?

Answered: 1 week ago

Question

★★★★★

a. What are the expected value and standard deviation of the number of computers in the sample that have the defect?

Answered: 1 week ago

Question

★★★★★

85. Suppose small aircraft arrive at a certain airport according to a Poisson process with rate 8 per hour, so that the number of arrivals during a time period of t hours is a Poisson rv with...

Answered: 1 week ago

Previous Question Next Question