To emphasize that any decision encompasses qualitative, as well as quantitative, factors, answer one or the following questions: 1.A diversified food company is considering the closing of its Condiment Division. What qualitative factors should be considered before discontinuing a division or product line? 2.An automobile manufacturer has decided to allow outside suppliers to bid on all parts necessary to make its vehicles. What qualitative factors should be considered by management in deciding whether or not to turn over the production of a part to an outside supplier? 3.What are the qualitative factors you might consider when determining whether or not to replace your car?

To emphasize that any decision encompasses qualitative, as well as quantitative, factors, answer one or the following questions: 1.A diversified food company is considering the closing of its Condiment Division. What qualitative factors should be considered before discontinuing a division or product line? 2.An automobile manufacturer has decided to allow outside suppliers to bid on all parts necessary to make its vehicles. What qualitative factors should be considered by management in deciding whether or not to turn over the production of a part to an outside supplier? 3.What are the qualitative factors you might consider when determining whether or not to replace your car?

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter10: Short-term Decision Making

Section: Chapter Questions

Problem 6Q: In The Trouble with Outsourcing, a Schumpeter column in The Economist, there is a statement of...

See similar textbooks

Similar questions

n addition to an incremental analysis, qualitative factors should be included in an business situation analysis. 1. A diversified food company is considering the closing of its condiment division. What qualitative factors should be considered before discontinuing a division or product line? 2. An automobile manufacturer has decided to allow outside suppliers to bid on all parts necessary to make its vehicles. What qualitative factors should be considered by management in deciding whether or not to turn over the production of a part to an outside supplier?
Requirement 1: A diversified food company is considering the closing of its condiment division. What qualitative factors should be considered before discontinuing a division or product line? Requirement 2: An automobile manufacturer has decided to allow outside suppliers to bid on all parts necessary to make its vehicles. What qualitative factors should be considered by management in deciding whether or not to turn over the production of a part to an outside supplier?
Is it an entity inherent risk for a president of a company to review product costs and adjusts the authorized selling prices of products, as necessary? He makes the selling price adjustments based on his assessment of what his competitors will do with pricing and what is required to provide competitive profits to the owners of Marco. If it is an inherent risk, describe the feature of the firm that will possibly affect inherent risk and explain how and why; that is whether it increases or decreases inherent risk. Please address a specific risk to the accuracy of the financial statements with the "how" and whether audit effort should be increased or decreased for specific accounts or related groups of accounts if possible.
A diversified food company is considering the closing of its condiment division. What qualitative factors should be considered before discontinuing a division or product line?
Consider the following series of independentsituations in which a firm is about to make a strategic decision.Decisionsa. A running shoe manufacturer is weighing whether to purchase leather from a cheaper supplier in orderto compete with lower priced competitors.b. An office supply store is considering adding a delivery service that its competitors do not have.c. A regional retailer is deciding whether to install self-check-out counters. This technology will reducethe number of check-out clerks required in the store.d. A local florist is considering hiring a horticulture specialist to help customers with gardening questions.1. For each decision, state whether the company is following a cost leadership or a product differentiationstrategy.2. For each decision, discuss what information the managerial accountant can provide about the sourceof competitive advantage for these firms.
What advice would you give the management of MSC regarding its decision to enter the gas stove market? Your recommendation should consider the profitability and risks of this action as well as other factors you deem relevant.
1. Which of the following is an example of qualitative factors that can effect investment decisions? Select one: a. All of the choices b. Over time, how will the quality of goods produced impact the company financially? c. How will any changes affect worker productivity? Will they have any impact on employee morale? d. How will the proposed acquisition or upgrade affect the company’s flexibility?
In deciding whether to drop its electronics product line, Smith Company should consider a. how dropping the electronics product line would affect sales of its other products. b. the costs it could save by dropping the product line. c. the revenues it would lose from dropping the product line. d. All of the above.
In deciding whether to drop its electronics product line, Smith Company should consider how dropping the electronics product line would affect sales of its other products. the costs it could save by dropping the product line. the revenues it would lose from dropping the product line. All of the above.
1. what should a management board and a supervisory board of a company do before aquiring a new agro- chemical company to avoid issues after the aquisition?
Imagine Industries, is a multinational firm that designs and produces tourist merchandise for major destinations worldwide. The company's board of directors is meeting to discuss changes that might be needed in the company's operations. At the end of the meeting, the board plans to examine Imagine industries' company issues on ability to produce enough output, new production process the company could use to create its product and issues relating to selection of a new location for production operations. b. Proposed to the board of directors of Imagine Industries, any TWO (2) potential ways to finance their business operations.
A) Use CVP analysis to recommend whether the move to paper packaging is a good business decision. Discuss any relevant qualitative factors relevant to the decision. Show all workings. B) The CEO of Primark wants to use your analysis from Part A to decide whether all Primark clothing lines should shift to paper packaging. Outline two reasons why this analysis does not give sufficient information for the CEO to make this decision.