see attached
2
Use this reference for below questions. Brickley, J.A., Smith, C.W., & Zimmerman, J.L. (2021). Managerial economics and organizational architecture (7th ed.). New York: McGraw Hill/Irwin.
#1. 1 page with 2 references.
Should decision management and decision control be separated? As part of your discussion, provide a real-world example (or provide a fictitious example) of a firm where the control (correctly) resides with the same individual as well as an example of a firm where the control is (correctly) separated.
#2. 4 pages with atleast 2 references
ANALYZING MANAGERIAL DECISIONS: Medford University
Medford University is a research university with about 10,000 students. It has a good liberal arts undergraduate program, a top-rated medical school, and a fine law school. It employs about 12,000 people. A majority of these employees work at the university hospital. Lately, the university has faced significant financial pressures. It is in intense competition for quality students with other colleges. Recent financial donations have been small. The hospital is under intense pressure to reduce costs because of changing health care regulation and insurance coverage.
The university currently spends about $100 million annually on fringe benefits (health insurance, retirement plans, and so on). It also faces large future payments of promised medical benefits to current and future retirees. The president of the university, Hiromi Kobayashi, has appointed a task force to design a new fringe benefit package. The task force consists of faculty and staff from departments throughout the university. The task force has been asked to consider the university’s tenuous financial condition. President Kobayashi wants to reduce expenditures on fringe benefits (while maintaining the quality of the faculty and staff). The president has appointed the chief administrator of the hospital as the chair of the task force. The president also has appointed one of her key assistants, the vice provost, to serve as secretary of the task force (to take minutes and coordinate meeting schedules).
Why did President Kobayashi appoint a task force to consider the issue of fringe benefits? She could have asked the university’s human resources department to design a plan.
Should the president anticipate that all members of the task force will strive to cut university expenses? What actions can the president take to increase the likelihood that the task force members have this objective as a major priority?
Why did the president appoint the administrator of the hospital as the chair of the task force? The chair, in turn, has delegated much of the work to subcommittees (a health insurance committee, a retirement committee, and so on). What advice would you offer the chair in appointing subcommittee chairs? Explain.
Does the president want to commit to submitting their proposal to the University’s Board of Trustees or does she want to reserve the right to make modifications? Explain.
Why did the president appoint a key assistant as secretary of the task force?
Use this reference for first 2 questions. Williams, J., Bettner, M., & Smith, K. (2023). Financial & Managerial Accounting (eBook with Connect access). New York, NY: McGraw-Hill Education.
#3. 1 page with 2 references.
Pick a publicly-traded company and exam the company products. If the company produces many products, please pick one important product and explain why and how it is important for management to understand cost-volume-profit relationships. Select a different company than those listed in previous posts.
#4. 1 page with 2 references.
Some types of capital investments have associated cash flows that are very difficult to estimate, while other types of capital investments have associated cash flows that are very easy to estimate. Name two capital investments from your chosen publicly traded entity, one that has associated cash flows that are easy to estimate and one that has associated cash flows that are difficult to estimate. Explain how these two types of investments differ and why the associated cash flows are easier or more difficult to estimate.
#5. 3 PAGES, see below. The company is J B HUNT
