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39) McDavid's Hamburgers sells only two kinds of hamburger: "The Pip-Squeak" and the "Big Dave". Last year, Mcdavid's sold 20,000 “Pip-Squeaks", selling them for $2.50 each. McDavid's sold 10,000 “Big Daves" at $5 each. It costs exactly $1 in ingredients to make a "Pip-Squeal”. It costs exactly $2 in ingredients to make a "Big Dave. McDavid's paid $20,000 rent for the store (which includes all electricity, utilities, insurance, etc.) In addition, McDavid's paid a total of $20,000 to a couple of students who worked part time, helping out on busy Friday and Saturday nights. Ronald McDavid, the owner of the restaurant, paid himself no salary, but took home all of the profits. Last year, Ronal McDavid's business earned him a profit of a) $40,000 $20,000 $60,000 loss of $10,000

 MBA students have a challenging time prioritizing their electives in their respective B schools.

(a) What are the 10 key factors they use in the elective selecting process?

 

(b) Show the complete application of one out of the 7-Management tool list, if you were one of the students deciding the elective selection priority

8) Mario's Pizzeria sells only two kind of pizza: plain and all-dressed. Last year, Mario's Pizzeria sold 2,000 all-dressed pizzas, selling them for $10 each. Mario's sold 10,000 plain pizzas at $5 each. The cost of the ingredients, the box, and all of the electricity and utilities to make the pizzas came to $20,000. In addition, Mario paid $10,000 rent for the store. Finally, Mario paid a total of $10,000 to a couple of students who worked part time, helping out on busy Friday and Saturday nights. Mario paid himself no salary, but took home all of the profits. Last year, Mario made a profit of a) b) c) d) $40,000 $30,000 $60,000 loss of $10,000

27) Five students wish to start a new business called "Computers-B-Us." Each student is prepared to invest the same amount and wants to share equally in the profits and management, while limiting their liability. They would most likely start their business as a: a) b) private corporation public corporation sole proprietorship limited partnership general partnership