An independent variable is an input, assumption, or driver that is changed in order to assess its impact on a dependent variable (the outcome). Think of the independent variable as the input and the dependent variable as the output. In financial modeling and analysis, an analyst typically performs sensitivity analysis in Excel, which involves changing assumptions in the model to observe the impact on output.
Answer:
1. Market share variance= $65,903(Unfavorable)
2. Market size variance= $36,613(favourable)
Check attachment for the table
Answer:
$3,935
Explanation:
The computation of the catering supplies are shown below:
= Catering supplies + monthly cost for each job × number of jobs + monthly cost for per meal × number of meals
= $450 + $75 × 27 jobs + $10 × 146 meals
= $450 + $2,025 + $1,460
= $3,935
We simply added the catering supplies cost, meal cost, and the job cost so that the accurate value can come
All other information which is given is not relevant. Hence, ignored it
Answer:
The phenomenon that is likely to occur is Crisis Prevention. as a result of a contingency plan put in place ahead of time by the proactive Marketing Team Lead
Explanation:
The first stage in a crisis management model pre-crisis phase.
The pre-crisis phase is is concerned with prevention and preparation.
A proactive leader develops a contingency plan ahead of an impending crisis.
A business contingency plan is a course of action that an organization would take if an unexpected event or situation occurs. It helps to ensure preparedness for unforeseen circumstances like the one highlighted here.
Faced with the pressure to come up with an impressive advertising campaign within forty eight hours or face bankruptcy, a proactive team lead would likely save the day with contingency plan he had already worked out.
Answer:
A. management by objectives (MBO).
Explanation:
Lyell's experience suggests that Nutty Boys is utilizing management by objectives (MBO).
Management by objectives (MBO) is a strategic management model that aims to improve the performance of an organization by clearly defining objectives <u>that are agreed to by both management and employees.</u>
In the scenario, it was stated that ''Lyell likes the fact that managers at Nutty Boys listen to their subordinates' ideas and get everyone involved in setting goals and objectives.''
Hence, her experience matches the definition of Management By Objectives.
