Professional Development IP 5 Research Paper Example | Topics and Well Written Essays - 1000 words

Professional Development IP 5 - Research Paper Example From the three strengths, you would also choose one of the strengths that you elaborate more about from your previous workplace, and it should be related to the current position that you are seeking. While answering such a question you should demonstrate a high level; of confidence so as to convince the panel that you are the most-suitable candidate and that you deserve that job (Stein, 2003). Another question that you should be prepared to answer is why you would wish to leave your current workplace? The response to this question should be very brief. The respondent should not create a poor picture of the previous employment and show that the move was a personal decision. Honesty plays an important role since your new employer can contact your previous place of work. In some cases, the respondent can also be asked of the salary he/she expects.it is important that the respondent has information about the market value of the target position. The respondent can quote the salary received in the previous place of work and give a figure within the same range if selected. If not stated in the advertisement, you can quote a salary that is up to 20% higher. In some cases, the question of competencies may arise. Due to the constantly changing market the key factors that should be evident in the answer should include flexibility that will allow shifting from one the specified duties to another or from one team to another. Adaptability is key here where you should be able fit to a new environment and work in many departments within the company. The interviewee should also demonstrate high problem-solving skills so as to be able to solve emerging challenges in the course of duty. The ability and willingness to learn should also be brought out as employees will be required to attend workshops and seminars frequently. Some interviewers may ask about your previous accomplishments. In such a question, you would give the most-challenging circumstances that you encountered in

Audit of Panera Bread Company Quality Service and Market Share Process Research Paper

Audit of Panera Bread Company Quality Service and Market Share Process - Research Paper Example This is because, few customers subscribe to this company and, therefore, the expenses incurred by the company compared to the revenue generated from the services rendered is relatively high. In order to decrease its liabilities, and hence portray a positive image of the company, managers may attempt to take the losses into a different account especially the expenses accounts. In addition, when customers are disappointed in the orders they make, there is a higher possibility of them demanding that their order be remade or refunded. This environment provides the possibility of pilfering by employees as they can always say they had to remake an order with no hint of plausibility. Increased customer returns and higher rates of pilfering by the employees increases the costs of goods sold by the company. Another risk is that Panera Bread is in the provision of services it offers on a national, regional, and local level, and this reduces its revenues and market share. When customers get poo r services, it increases their chances of shifting to another competing company offering the same services. This reduces the amount of revenue and the company incurs expenses such as, in advertising and improving its services to be better than those offered by their competitors. However, the company must make sure not to increase its prices since the customers will again shift to the competing companies. Since advertising is necessary, the managers then tend to hide the expenses behind the advertising expense in the statement of account. Controls To alleviate the risks coming from poor services, Panera Bread should put into practice several controls. The company, to alleviate the risk of accounts payable being understated, as a result of increased expenses and, therefore, managers resulting to understating the expenses, should require proper authorisation of orders and entry of these orders in its ledger. The company should establish regular receipt book control, and ledger book to help reduce the irregularities. In a bid to entice customers, advertising is done. A control on this should also be enacted where the company should ensure that there are supporting documents any time a manager books an advertising expense. It should also provide an appropriate division of duties such that a manager does not fake any advertising expenses. The company, to deal with the risks of losing its customers, can offer differentiated services from those that it normally offers. This can be done through, introducing offers, for example, ‘buy one get two’. Also, the maintenance of a serene environment can also be an advantage. This increases the influx of customers thereby solving the problem of managers faking expenses to reduce the liabilities since the revenue will increase in the long run. Audit Objectives During this audit, I plan to test the accuracy and the valuation of the contingent liability for losses associated with poor services, the completeness of pur chases and accounts payable and the existence of advertising expenses. Risk Assessment As a result, many emerging enterprises, especially in the food service industry, restaurants are always searching for ways of increasing their profits: Therefore, I assessed natural risk throughout all financial assertions. Moreover, the contingent liability is an estimation and, therefore, at a high risk of manipulation by the managers. The controls around the accounts payable