2Is Bill correct in supposing that there are ethical andor legal problems involved with the hiring of
Fantastic news! We've Found the answer you've been seeking!
Question:
2Is Bill correct in supposing that there are ethical andor legal problems involved with the hiring of Carl (Reread the section on corporate codes of conduct in Chapter 1) What would you do if you were Bill Explain
Transcribed Image Text:
Bill Lewis, manager of the Thomas Electronics Division, called a meeting with his controller, Brindon Peterson, and his marketing manager, Patty Fritz. The following is a transcript of the conversation that took place during the meeting: Bill: Brindon, the variable costing system that you developed has proved to be a big plus for our division. Our success in winning bids has increased, and as a result our revenues have increased by 25%. However, if we intend to meet this year's profit targets, we are going to need something extra-am I right, Patty? Patty: Absolutely. While we have been able to win more bids, we still are losing too many, particularly to our major competitor, Kilbom Electronics. If we knew more about their bidding strategy, we could be more successful at competing with them. Brindon: Would knowing their variable costs help? Patty: Certainly. It would give me their minimum price. With that knowledge, I'm sure that we could find a way to beat them on several jobs, particularly on those jobs where we are at least as efficient. It would also help us to identify where we are not cost competitive. With this information, we might be able to find ways to increase our efficiency. Bill Lewis, manager of the Thomas Electronics Division, called a meeting with his controller, Brindon Peterson, and his marketing manager, Patty Fritz. The following is a transcript of the conversation that took place during the meeting: Bill: Brindon, the variable costing system that you developed has proved to be a big plus for our division. Our success in winning bids has increased, and as a result our revenues have increased by 25%. However, if we intend to meet this year's profit targets, we are going to need something extra-am I right, Patty? Patty: Absolutely. While we have been able to win more bids, we still are losing too many, particularly to our major competitor, Kilbom Electronics. If we knew more about their bidding strategy, we could be more successful at competing with them. Brindon: Would knowing their variable costs help? Patty: Certainly. It would give me their minimum price. With that knowledge, I'm sure that we could find a way to beat them on several jobs, particularly on those jobs where we are at least as efficient. It would also help us to identify where we are not cost competitive. With this information, we might be able to find ways to increase our efficiency.
Expert Answer:
Answer rating: 100% (QA)
A code of conduct defines how a companys employees should act on a daytoday basis It reflects the or... View the full answer
Related Book For
Posted Date:
Students also viewed these sociology questions
-
What would you do if you were in Rene Demetris place? Explain the pros and cons of your decision.
-
What would you do if you were in Helen's position? How would you attempt to convince Carl Land of the rightness of your position and give voice to your values?
-
What would you do if you were in her position?
-
Scenic Ventures is considering an investment in a start-up firm offering ecotourism excursions in Costa Rica. Scenic Ventures estimates that, if the venture is successful, the ecotourism company will...
-
Ownie Carroll owns a portfolio composed of U.S. stocks and bonds. Interested in further diversifying the portfolio, Ownie decides to add investments in Canadian common stocks. Ownie's broker, Slick...
-
In an effort to boost output, the government passes a large fiscal stimulus that raises government purchases by $1 trillion. Use the AD-AS framework to predict how prices and output change in the...
-
The - e diagram for a collagen fiber bundle from which a human tendon is composed is shown. If a segment of the Achilles tendon at A has a length of 6.5 in. and an approximate cross-sectional area...
-
1. Stone Inc. is a company that purchases goods (e.g., chess sets, pottery) from overseas and resells them to gift shops in the United States. Stone Inc. is which of the following? a. Retailer b....
-
Your client has contacted you because they can't add a product/service to their invoice. Why might this happen? They do not have permission to add products or services to invoices They turned off...
-
Foster Corporation issued three-year bonds with a $180,000 face value on March 1, 2011, in order to pay for a new computer system. The bonds mature on March 1, 2014, with interest payable on March 1...
-
How to Build a demand table utilizing a generalized function. The demand generalization function for a product is as follows: Qd=200-10p-8M-10PR 1. Simplify the function when M-100 and PR=200 2....
-
a) Discuss the five assumptions usually made about the unobservable error terms in the classical linear regression model (CLRM)? Why are these assumptions made? b) Discuss the stages in methodology...
-
a) A real estate contract is a contract between parties for the purchase and sale, exchange, or other conveyance of real estate. The sale of land is governed by the laws and practices of the...
-
65. Doubling the initial concentration of a reactant doubles t1/2 of the reaction then order of reaction is :- (1) 3 (2) 2 (3) 1 (4) Zero
-
Harriet pays her credit card bills in full whenever she can. Explain why a credit card that offers a 26% APR with an annual fee of $150 and 4% cash-back on all purchases is better for Harriet than a...
-
2 het p = { [ {], [_~]} and C= { [ 3 ], [1]} 2 Find & B and P
-
A company has its stock currently selling at $67.50. The company is expected to grow at a constant rate of 7 percent. If the appropriate discount rate is 17 percent, what is the current dividend? ...
-
Planning: Creating an Audience Profile; Collaboration: Team Projects. Compare the Facebook pages of three companies in the same industry. Analyze the content on all available tabs. What can you...
-
What would you do if you found out that a colleague had posted your slides to a recent presentation on a public slide-sharing platform? How do you define intellectual property rights; when is...
-
Imagine you were designing an ad for a (choose one): car, laptop, health clinic. What would your ad look like if you were targeting: older people? kids? Wealthy people? What celebrity would you...
-
1. What would a SWOT analysis of Blue Dot reveal to a marketing professional? 2. What are Blue Dots strategic goals? 3. Is Blue Dots strategy one of cost leadership, differentiation, or focus?...
-
How does attribution theory allow managers to justify workers behaviors?
-
What are common methods to measure a persons attitude?
-
Is stereotyping negative or positive? Why?
Study smarter with the SolutionInn App