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How might a managers use the grapevine to their benefit?
Managers might use the grapevine to their benefit in order to find out about any employee dissatisfaction. They can also find out about potential problems that are occurring in areas of the company.
How many hours a week do restaurant managers work?
50-60 hours a weekThat number can depend on the staff they work with. A good dependable staff can reduce the amount of hours. On the average it can be from forty to fifty.Larger, more successful, restaurant chains will usually require their managers to work ten hour days, 5 days a week, although managers may be required to stay longer if circumstances warrant it.However, it is worth noting that one of the most important duties of the restaurant manager is to control costs, and the biggest cost of any restaurant is employee labor.As a salaried employee, managers may often have to cut labor costs by taking on certain responsibilities which might normally be delegated to hourly employees.Restaurant managers who work with smaller, privately owned chains or restaurants which are going through difficult times may need to work much more than 10 hrs. a day and can expect to work six days a week.At a smaller or struggling establishment, 60-80 hour work weeks are not uncommon.
Use of statistics in business?
Managers use statistics to assess risks. When a project has a high probability of being unsuccessful, managers will avoid the project.
Importance of quantitative techniques?
Quantitative techniques provide managers with concrete evidence and information, which allows them to make better decisions. Without quantitative techniques, managers would guess and risk assets of the business.
What Key numbers financial managers use to calculate ratios?
Balance sheet and income statement
