From a contractor's point of view, the key to managing cash flow is to: ensure that cash comes in faster than it goes out be sure all cost estimates are inflated in the proposal negotiate that the project cost be paid in one lump sum at the end of the project none of the above – "managing cash flow" is not a real thing

Cash flow management in construction hinges on the careful orchestration of when money comes in and…

Answered: From a contractor's point of view, the…

Principles Of Marketing

17th Edition

ISBN:9780134492513

Author:Kotler, Philip, Armstrong, Gary (gary M.)

Publisher:Kotler, Philip, Armstrong, Gary (gary M.)

Chapter1: Marketing: Creating Customer Value And Engagement

Section: Chapter Questions

Problem 1.1DQ

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When large-scale redundancies are announced, it is common practice for a firm to consult with employees’ representatives (usually, trade unions) to agree a rational basis on which to make the redundancies. Several sets of criteria are in common use: (1) FIFO (First In, First Out), is less frequently used but is often attractive where there are many long-standing employees at the top of their pay scale, hence their leaving will significantly ease the salary bill; (2) LIFO (Last in First Out) is often seen as fair in that those employees who have been with the company the least length of time have less personal stake in the company; (3) Measured Employee Performance is based on the view that the firm would prefer to keep the best workers; and (4) Commitment, often measured in terms of disciplinary record is also based on an argument that the organisation will try to keep people who will work well.1. Which of the above options is the most ethical choice, and why, Explain?
When large-scale redundancies are announced, it is common practice for a firm to consult with employees’ representatives (usually, trade unions) to agree a rational basis on which to make the redundancies. Several sets of criteria are in common use: (1) FIFO (First In, First Out), is less frequently used but is often attractive where there are many long-standing employees at the top of their pay scale, hence their leaving will significantly ease the salary bill; (2) LIFO (Last in First Out) is often seen as fair in that those employees who have been with the company the least length of time have less personal stake in the company; (3) Measured Employee Performance is based on the view that the firm would prefer to keep the best workers; and (4) Commitment, often measured in terms of disciplinary record is also based on an argument that the organisation will try to keep people who will work well.1. Which of the above options is the most ethical choice, and why?
Assume you are working for a Human Resource Department in a leading apparel company in Sri Lanka. Your board of directors have instructed you to initiate a management trainee programme to hire 10 talented management undergraduates to the organization. Assume you have already advertised this opportunity and you have received 1000 applications. Based on the information above, draft a proposal for the board of directors on how you will be selecting 10 individuals from the pool of applicants and how you would do the induction process for them. Budget approved for these activities are Rs. 2 000 000.00 1) Induction Programme
After you have presented your proposal to hospital administration, and it has been accepted, you are informed that the impending cost reductions will need to be implemented. You are told to meet with your supervisory staff to organize the implementation of your plan. The CEO will be holding hospital employee briefings beginning the next afternoon to provide the employees with an overview of the situation confronting the hospital. Over the next two to three days, you will be meeting with your supervisory staff and then with the laboratory employees to provide additional detail specifically as it pertains to the laboratory and its staff. Your goals are to have your employees fully understand the situation and its implications, allow them to communicate their thoughts and concerns, and to finally accomplish buy-in from the staff regarding the proposal you must implement. Question: What areas of collaboration or coordination, if any, will be needed with the supervisory staff, pathology…
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After you have presented your proposal to hospital administration, and it has been accepted, you are informed that the impending cost reductions will need to be implemented. You are told to meet with your supervisory staff to organize the implementation of your plan. The CEO will be holding hospital employee briefings beginning the next afternoon to provide the employees with an overview of the situation confronting the hospital. Over the next two to three days, you will be meeting with your supervisory staff and then with the laboratory employees to provide additional detail specifically as it pertains to the laboratory and its staff. Your goals are to have your employees fully understand the situation and its implications, allow them to communicate their thoughts and concerns, and to finally accomplish buy-in from the staff regarding the proposal you must implement. Question: What steps or functions are key to organizing the plan for implementation? Who needs to be included in…
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		ensure that cash comes in faster than it goes out
		be sure all cost estimates are inflated in the proposal
		negotiate that the project cost be paid in one lump sum at the end of the project
		none of the above – "managing cash flow" is not a real thing