Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Microeconomics Expert

A waiter takes an order at a table, and then enters it online via one of the six terminals located in the restaurant dining room. The order is routed to a printer in the appropriate preparation area: the colditemprinter if it is a salad, the hot-item printer if it is a hot sandwich or the bar printer if it is adrink. A customer?s meal check-listing (bill) the items ordered and the respective prices are automatically generated. This ordering system eliminates the old three-carbon-copy guest check system as well as any problems caused by a waiter?s handwriting. When the kitchen runs out of a food item, the cooks send out an „out of stock? message, which will be displayed on the dining room terminals when waiters try to order that item. This gives the waiters faster feedback, enabling them to give better service to the customers. Other system features aid management in the planning and control of their restaurant business. The system provides up-to-the-minute information on the food items ordered and breaks out percentages showing sales of each item versus total sales. This helps management plan menus according to customers? tastes. The system also compares the weekly sales totals versus food costs, allowing planning for tighter cost controls. In addition, whenever an order is voided, the reasons for the void are keyed in. This may help later in management decisions, especially if the voids consistently related to food or service. Acceptance of the system by the users is exceptionally high since the waiters and waitresses were involved in the selection and design process. All potential users were asked to give their impressions and ideas about the various systems available before one was chosen.

Questions:

a. In the light of the system, describe the decisions to be made in the area of strategic planning, managerial control and operational control? What information would you require to make such decisions?

b. What would make the system a more complete MIS rather than just doing transaction processing?

c. Explain the probable effects that making the system more formal would have on the customers and the management.

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M9793328

Have any Question?


Related Questions in Microeconomics

Question suppose the government imposes a payroll tax of 1

Question: Suppose the government imposes a payroll tax of $1 per hour of work and collects the tax from employers. Use a graph for the market for labor to show the effect of the payroll tax, assuming the special case of ...

Question using the islm and nfinx diagrams show how the

Question: Using the IS/LM and NFI/NX diagrams, show how the following changes in the economy would affect the value of the dollar and the net export balance. (A) Domestic auto manufacturers offer zero-interest financing ...

Question the principal economic argument for abolishing the

Question: The principal economic argument for abolishing the long-term capital gains tax is that it would boost productivity, and hence pay for itself. The principal economic argument against that move is that it would e ...

Question you and your friend have opened an account on

Question: You and your friend have opened an account on E-Trade and have each decided to select five similar companies in which to invest. You are diligent in monitoring your selections, tracking prices, current events, ...

Question how might collective decision making play a role

Question: How might collective decision making play a role in the decision to buy a cell phone for a young child? Provide a possible scenario for this decision including the five decision making roles in your example. Pr ...

Question in early 1975 the government distributed 8 billion

Question: In early 1975, the government distributed $8 billion in one-time tax rebates to try to move the economy out of its most severe post-WWII recession. What impact do you think this had on consumption and saving? I ...

Question interest groups with normatively good causes often

Question: Interest groups with normatively "good" causes often use profesisonal lobbyists; this is evident from AARP's expenditures. Do you believe there is an ethical issue with interest groups using lobbyists? Why or w ...

Question historically the value of the dollar has increased

Question: Historically, the value of the dollar has increased when the price of oil has risen, and declined when the price of oil has fallen. Explain why this has occurred, taking into account the fact that the US import ...

Question purpose of assignmentthis assignment will

Question: Purpose of Assignment This assignment will introduce students to the U.S. Department of Labor's Bureau of Labor Statistics (BLS) data and provide students with the skills to calculate inflation and interpret th ...

Question emily likes pretzels and pepsi she bought 10

Question: Emily likes pretzels and pepsi. She bought 10 bottles of Pepsi for $2 each. Her marginal utility for the tenth bottle was 12 utils. She also bought 7 bags of pretzels for $4 per bag. Her marginal utility for th ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As