Examine the situation where you work or where a close relative

Examine the situation where you work or where a close relative

Examine the situation where you work or where a close relative

There are two parts to this assignment.PART 1Read the scenario below and respond to the questions.Jaime Phillips is a managerial accountant for Bay City Tires, Inc. Bay City manufactures tires for passenger automobiles at a plant on the outskirts of town. They also produce tires for commercial equipment at a dockside facility on Lake Michigan. Due to the recent down-turn in the economy, Bay City has lost sales and been forced to reduce prices.One of Jaime’s responsibilities is to prepare and present the company’s financial plan for the upcoming year to the senior executives and the board of directors. In this capacity, Jaime asks the two plant managers to prepare a budget. While reviewing these budgets for the presentation, Jaime notices that the budget for the Dockside facility includes a Profit graph that projects an increase in profits and a lower break-even point. Curious as to how this would be possible given the recent sales trend, Jaime asks the Dockside manager to explain. The Dockside manager, Ellen Jones indicated that a planned increase in worker productivity would reduce variable costs, thereby increasing the Contribution margin ratio. Ellen went on to explain that the productivity increase would come from a subtle increase in the speed of the production line. (Morse, 1996)Jaime is concerned about this strategy for several reasons.Why is Jaime concerned?Is the plant manager correct in her assessment of the effects of increased productivity on the contribution margin?Are the manager’s actions ethical? Are they legal? Explain your opinion.How could company policy have influenced the manager’s behavior?PART 2Organizations are becoming increasingly diverse due to a variety of reasons: More women and minorities are entering the labor force, legislation and legal action require broader hiring practices, and people from other countries immigrate to the USA.Here are some interesting stats from the U.S Census bureau that illustrate just how we are changing. In 2005, 68% of workers were White; 14% were Hispanic, 12% were Black, and 5% were Asian. By the year 2050, 45% of workers will be White, 31% Hispanic, 14% Black, and 10% Asian. Hispanics show the greatest growth and will be the largest minority group.In 1950, the ratio of workers to Social Security recipients was 16.5 to 1. This means that we had 16 workers for every 1 person collecting Social Security payments. In 2050, the projected ratio will be 2 to 1. This means we’ll have only two workers for every 1 person receiving Social Security payments. The elderly population, people aged 65 and older, will represent some 20% f the population by 2050, as opposed to only 16% in 1950. (“The Graying of America,” Newsweek, January 26, 2009, page 76.)There are various advantages to increasing diversity in the workforce, but there are also several problems and costs associated with increasing diversity. Some people argue for increased diversity; others argue against.As you prepare your initial forum post, respond to the following:Examine the situation where you work or where a close relative or friend works.Is this place of employment diverse?What elements are represented?Is there too little diversity or too much?How do you think such diversity affects the overall culture and performance of this organization?What is your position on increasing or decreasing diversity in this organization and why?Assume you are one of the managers. What suggestions do you have for helping to assimilate a widely diverse group of workers into this organization or into any organization?Remember to insert a meaningful subject bar in your post that gives us an idea as to the content of your post and captures our interest.When you reply to your classmates, compare your position to increasing diversity in this organization or not.Remember to return to your own post to field our questions and comments.

 

Don't use plagiarized sources. Get Your Custom Essay on
Examine the situation where you work or where a close relative
Just from $10/Page
Order Essay

CLICK TO ORDER A CUSTOM PAPER

We are the best paper help / essaytyper in the world

 

Order your essay today and save 30% with the discount code ESSAYHELP