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RUHungry Banquet Hall – Guests Served by quarter since January 2017.

Calendar Year

Quarter

Period #

Guests Served

2017

1

1

3,500

2

2

8,300

3

3

5,400

4

4

9,050

2018

1

5

4,300

2

6

5,800

3

7

3,300

4

8

5,800

2019

1

9

5,200

2

10

9,300

3

11

7,700

4

12

15,300

2020

1

13

13,500

2

14

17,500

3

15

12,800

4

16

18,300

2021

1

17

13,600

2022

2

3

4

1

18

19

20

21

16,282

17,054

17,826

18,599

The RU Hungry demand data displays patterns and you are curious to know if you can improve upon the accuracy of your linear regression forecast. Does applying a seasonality adjustment to your linear regression forecast result in less forecast error?

Using Excel, calculate and apply appropriate adjusting factors for the demand data set provided. Compare the forecast errors of your linear regression forecast with your seasonally adjusted forecast. Once you have completed your analysis of your linear regression forecast to your seasonally adjusted forecast, recommend to your General Manager which forecast for periods 18, 19, 20 and 21 she should use and why.

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O’Malley was a director of Canaero, a corporation specializing in aerial surveying. He was hired to work on a project for the corporation in Guyana, during which he learned alot about the terrain and made some useful contacts. He subsequently resigned from Canaero, formed his own corporation, and successfully tendered for a surveying contract with the government of Guyana.

Question 10 options:

O’Malley is in breach of his fiduciary duty to Canaero and accountable to it for his profit on the contract

O’Malley is in breach of his duty of care and skill

O’Malley is not in breach of his fiduciary duty

Question 11 (1 point)

When a corporation borrows to raise funds, it is said to:

Question 11 options:

issue debt

become insolvent

issue equity

become a creditor

Question 12 (1 point)

A private corporation:

Question 12 options:

is one that is also referred to as a reporting corporation

is one that is not permitted to offer its shares to the public

is subject to an annual audit

none of the above

Question 13 (1 point)

A corporation is:

Question 13 options:

a natural person

a legal person

a partnership

none of the above

Question 14 (1 point)

One of the following is not included in the Articles of Incorporation:

Question 14 options:

the name

address of the head office

the bonds the corporation will issue

restriction on transfer of shares

Question 15 (1 point)

In a widely held corporation, share are always:

Question 15 options:

restricted on transferability

preferred

freely transferable

non-voting

Question 16 (1 point)

Rosina has recently developed a highly original computer program that, she claims, will revolutionize the practice of landscape architecture. She has been advised by a consultant that marketing the software is likely to be a highly profitable venture. However to develop and market the project will require working capital, which Rosina does not have. Fortunately her uncle, Bartolo, has agreed to put $100,000.00 of his savings into the project. With the held of a lawyer friend (who has advised them that they should each obtain independent legal advice), they have worked out a rough structure for their project, as follows: a) They will form a corporation, of which they will be the sole shareholders; b) Rosina will assign her copyright in the program to the corporation and will work full-time in developing and marketing it; c) Bartolo will contribute $100,000.00 in cash as working capital and will participate in major management decisions but will not be responsible for the day-to-day running of the business. Since Rosina will be giving up a fairly well-paid job in order to develop the new business, she is concerned that she should not be left entirely without income during the initial period (when there would be no sales revenue). In turn, Bartolo would like there to be some sort of guarantee of a reasonable return of income on his investment. Bartolo should:

Question 16 options:

become an employee

take back a secured bond or debenture

become a common shareholder only

insist on being the president

Question 17 (1 point)

Joe is a director of ABC Ltd. He is contemplating selling his vacant lot to the company for its expansion. Joe must:

Question 17 options:

take care that other shareholders are included

disclose his interest in the contract at the first shareholders meeting

disclose his interest in the contract at the first directors meeting

none of the above

Question 18 (1 point)

Shareholders in a general meeting:

Question 18 options:

declare dividends

cannot vote if in a conflict of interest

elect the board of directors

cannot vote if they are insiders

Question 19 (1 point)

A widely held corporation is usually subject to:

Question 19 options:

onerous disclosure laws

a restriction on transferability

a restriction on the number of shareholders

the supervision of one director

Question 20 (1 point)

A common shareholder may:

Question 20 options:

vote at any meeting of directors

vote at any management committee meeting

vote at any meeting of insiders

vote at any meeting of shareholders

Question 21 (1 point)

As vice-president of marketing, Jack was involved in all marketing and media communications for the corporation. In preparation for releasing the latest quarterly reports, Jack learned that the reports would show a $50 million loss for the corporation. Before the information was made public, Jack sold all of his shares in the corporation thereby avoiding a large loss when the share price dropped. What should Jack be concerned about:

Question 21 options:

he should be concerned about being accused of breaching his duty not to abuse corporation opportunity

he should have no concerns

he should be concerned about being charged with insider trading

he should be concerned about how to invest all the money he just made

he should be concerned about being accused of breaching his duty of conflict of interest

Question 22 (1 point)

All of these statements are correct EXCEPT for which of the following?

Question 22 options:

shareholders are in a debtor/creditor relationship with a corporation

shareholders are entitled to dividends only when the corporation makes a profit and the directors declare that dividends shall be paid

shares are equity in a corporation

on a winding-up of a company, shareholders are repaid after creditors

shares are a proportionate ownership of a corporation

Question 23 (1 point)

A bond or debenture:

Question 23 options:

is a security evidencing an equity position

a security evidencing a debtor/creditor relationship

entitles the holder to vote

makes the corporation a creditor

Question 24 (1 point)

The corporate security which carries the least risk to its holder is:

Question 24 options:

a common share

a preferred share

a bond or debenture

a non-voting share

Question 25 (1 point)

The Ontario government will not approve the name of a corporation which is:

Question 25 options:

likely to be confused with the name of some other corporation

familiar

too long

a number

Question 26 (1 point)

What are the main purposes of by-laws?

Question 26 options:

to provide the detailed operating rules for a corporation’s day-to-day affairs

to provide the detailed rules for the structure of the corporation

to provide the detailed operating rules for the subsidiaries of the corporation

to provide the detailed framework for the corporation’s establishment

to provide the detailed operating rules for a corporation’s long-term future

Question 27 (1 point)

Rosina has recently developed a highly original computer program that, she claims, will revolutionize the practice of landscape architecture. She has been advised by a consultant that marketing the software is likely to be a highly profitable venture. However to develop and market the project will require working capital, which Rosina does not have. Fortunately her uncle, Bartolo, has agreed to put $100,000.00 of his savings into the project. With the held of a lawyer friend (who has advised them that they should each obtain independent legal advice), they have worked out a rough structure for their project, as follows: a) They will form a corporation, of which they will be the sole shareholders; b) Rosina will assign her copyright in the program to the corporation and will work full-time in developing and marketing it; c) Bartolo will contribute $100,000.00 in cash as working capital and will participate in major management decisions but will not be responsible for the day-to-day running of the business. Since Rosina will be giving up a fairly well-paid job in order to develop the new business, she is concerned that she should not be left entirely without income during the initial period (when there would be no sales revenue). In turn, Bartolo would like there to be some sort of guarantee of a reasonable return of income on his investment. Rosina should:

Question 27 options:

take common shares

take preference shares

become a creditor only

become a secured creditor only

Question 28 (1 point)

Officers of the corporation derive their powers from:

Question 28 options:

the creditors

the directors

the shareholders

the Articles of Incorporation

Question 29 (1 point)

A private corporation is the same as:

Question 29 options:

a closely held corporation

a widely held corporation

an issuing corporation

a distributing corporation

Question 30 (1 point)

A minority shareholder may be said to have been “frozen out” when:

Question 30 options:

he is fired as a shareholder

his shares are taken away by the board of directors

the majority refuse to elect him to the board of directors

the majority sell all the assets of the corporation

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summarize, analyse and provide a solution: You completed a $2.5M RFP for electronic components. You will need 25 units over the next five years and these items have a very long lead time.It is mandatory that all suppliers are authorized distributors, anyone who is not will be disqualified. The manufacturer is based in Germany and they alone will decide who will be an authorized distributor.All Proponents were advised of their status, the successful Proponent was ABC Company. Their Proposal will save you close to $450,000 this is the difference between ABC’s price and the second place Proponent.ABC has never done business with your organization, they will be a new supplier and they are located outside of the country.The current supplier and incumbent is XYZ Company who has been a supplier for over 10 years and is a few blocks away from your warehouse. They came in second place. You receive a telephone call from the Evaluation Committee Lead Evaluator advising you that they just learned that ABC is not an authorized distributor. If this is true then the warranty will be null and void. You review the Evaluation Committee’s Report and notice that there was an error in how the Evaluation Committee analyzed the pricing provided by the first place Proponent.What are your next steps?

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Case Study (The Accounting Software Installation Project) The Accounting Software Installation Project Sitting in her office, Karin Chung is reviewing the past four months of the large corporate accounting software installation project she has been managing. Everything seemed so well planned before the project started. Each company division had a task force that provided input into the proposed installation along with potential problems. All the different divisions had been trained and briefed on exactly how their division would interface and use the forthcoming accounting software. All six contractors, which included one of the Big Five consulting companies, assisted in developing the work breakdown structure—costs, specifications, time. Karin hired a consultant to conduct a one-day “partnering” workshop attended by the major accounting heads, a member of each task force group, and key representatives from each of the contractors. During the workshop, several different team-building exercises were used to illustrate the importance of collaboration and effective communication. Everyone laughed when Karin fell into an imaginary acid pit during a human bridge-building exercise. The workshop ended on an upbeat note with everyone signing a partnering charter that expressed their commitment to working together as partners to complete the project. TWO MONTHS LATER One task force member came to Karin to complain that the contractor dealing with billing would not listen to his concerns about problems that could occur in the Virginia division when billings are consolidated. The contractor had told him, the task force member, that he had bigger problems than consolidation of billing in the Virginia division. Karin replied, “You can settle the problem with the contractor. Go to him and explain how serious your problem is and that it will have to be settledbefore the project is completed. “Later in the week in the lunchroom she overheard one consulting contractor bad-mouthing the work of another- “never on time, interface coding not tested.” In the hallway the same day an accounting department supervisor told her that tests showed the new software will never be compatible with the Georgia division’s accounting practices. While concerned, Karin considered these problems typical of the kind she had encountered on other smaller software projects. FOUR MONTHS LATER The project seemed to be falling apart. What happened to the positive attitude fostered at the team-building workshop? One contractor wrote a formal letter complaining that another contractor was sitting on a coding decision that was delaying their work. The letter went on: “We cannot be held responsible or liable for delays caused by others.” The project was already two months behind, so problems were becoming very real and serious. Karin finally decided to call a meeting of all parties to the project and partnering agreement. She began by asking for problems people were encountering while working on the project. Although participants were reluctant to be first for fear of being perceived as a complainer, it was not long before accusations and tempers flared out of control. It was always some group complaining about another group. Several participants complained that others were sitting on decisions that resulted in their work being held up. One consultant said, “It is impossible to tell who’s in charge of what.” Another participant complained that although the group met separately on small problems, it never met as a total group to assess new risk situations that developed. Karin felt the meeting had degenerated into an unrecoverable situation. Commitment to the project and partnering appeared to be waning. She quickly decided to stop the meeting and cool things down. She spoke to the project stakeholders: “It is clear that we have some serious problems, and the project is in jeopardy. The project must get back on track, and the backbiting must stop. I want each of us to come to a meeting Friday morning with concrete suggestions of what it will take to get the project back on track and specific actions of how we can make it happen. We need to recognize our mutual interdependence and bring our relationships with each other back to a win/win environment. When we do get things back on track, we need to figure out how to stay on track.”

Case Questions 1. Why does this attempt at project partnering appear to be failing? 2. If you were Karin, what would you do to get this project back on track? 3. What action would you take to keep the project on track? 4. To what extent do you think there was a clear scope statement and work breakdown structure for this project. Based on the information that is available in this case, draft your own scope statement and work breakdown structure for this project.

especially last one 4 th one

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