Question 10

Question 1

Papa John's is a national pizza chain. Its pizzas are prepared in a shop and then delivered to the customer.

1. What types of standards would a Papa John's pizzeria employ in cost control?

2. Where would you obtain the information needed for setting standards and variance calculations?

3. How would the standards help in managing a pizza shop?

4. Do you feel the information gained in variance analysis is timely when determining efficiencies?

Question 2

Throughout this course, you have been exposed to international accounting standards for various organizations and countries. Do you feel that this is an area that you would like to practice? Why or why not? How does international accounting/business impact your everyday life?

Question 3

Entrepreneurship generally means that a certain level of innovation is involved. This doesn't mean simply creating new products or services, but it can also be developing new ways of doing existing activities. Innovation is the process of creating, changing, experimenting, transforming, and revolutionizing. It is one of the key distinguishing characteristics of entrepreneurial ventures.

IBM has a series of commercials where they are promoting its steps toward new innovation. They have adopted the slogan of "stop talking, start doing" throughout these ads. IBM has acknowledged in these ads that the process of coming up with new ideas and rethinking the way they process and structure things, all revolves around innovation.

For this discussion, conduct research and identify a product or service that has taken on the idea of the importance of innovation through entrepreneurial ventures. Explain the product or service and their approach of utilizing innovation in their business strategy.

In your response post, explain if the ideas of these products or services are most likely to thrive or go untapped. Explain the reasoning behind your response.