Question

EXERCISE 1-2 Differentiating Between Planning, Implementation, and Control [LO1-CC1 Classify the following activities as primarily planning, implementation, or control a. Doing a cost-benefit analysis of adding a new branch versus installing three new automated b. Estimating the cost of raw materials to be c. Analyzing market demand to assist in the d. Compiling the labour report for the past week teller machines (ATMs). purchased during the next quarter preparation of the sales budget e. Outlining the changes to a process based on a process reengineering team report f. Documenting the savings from reductions in raw materials inventory resulting from the adoption of a JIT inventory system PROBLEM 1-2 Applying Ethical Responsibility [LO3-CC5 A month after the mid-semester examination, a student approaches his instructor with a doctors note and requests the instructor to ignore his poor exam performance by not including it in the computation of his final course mark. This student is aiming to become a manager. Do you see an ethical dilemma (or dilemmas)? Explain. What should be the conduct of a student who intends to become a manager? What would you do if you were the instructor for the course

Answer 1

Classify the following activities as primarily planning,implementation or control

Particulars	Classification
a.Doing a cost-benefit analysis of adding a new branch versus installing three new automated teller machines (ATMs)	planning
b.Estimating the cost of raw materials to be purchased during the next quarter	control
c.Analying market demand to assist in the preparation of the sales budget	control
d.Compiling the labour report for the past week.	control
e.Outlining the changes to a process based on a process reengineering team report	Implementation
f.Documenting the savings from reductions I raw materials inventory resulting from the adoption of a JIT inventory system	Implementation