The New General Manager of a (Broadway Style) Theater in San

question 17

Essay

The new general manager of a (Broadway style) theater in San Francisco wants to assess the theater's effectiveness as an organization. Although the theater has grown because of its stylish productions, management from a business perspective has been relatively absent. Based on our study in organization theory, how should this assessment of effectiveness be approached?

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Definitions:

Gross Method

An accounting method for recording purchases of inventory at their full invoice prices without deducting any cash discounts offered.

Periodic Inventory Method

A system of inventory management and cost determination that updates the ending inventory balance and the cost of goods sold only at the end of an accounting period.

Purchases

Transactions involving the acquisition of goods or services for personal use, resale, or business operations.

Voucher Register

A record or log of vouchers that have been prepared, detailing the authorization of transactions and payments.