Social, visual and morphological dimensions

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Write a paper comparing the social, visual and morphological dimensions of two sites in two different
cities in Southern California. A total of four sites have been identified for this assignment. These sites are in
four cities and comprise areas centered around Main Street and 4th Street in Santa Ana, area centered around
Main Street and Von Karman Street in Irvine, area centered around 3 rd Street Promenade in Santa Monica,
and area centered around South Coast Highway and Laguna Avenue in Laguna Beach. You can select and
compare any two of the four sites identified for this assignment.

 

Sample Solution

The fundamental question for consideration here is, “How is management to choose from among these so many possible alternatives so as to maximize the present value of the expected future cash flows?” The answer to this question is indirect. Each potential alternative will have different cash consequences and change continuously with time. Therefore, analyzing the differences between available alternatives is essential to good decision-making. This analysis is called ‘differential’ or ‘incremental’ cash analysis. This basically gives managers an overlook of the advantages and disadvantages of the choice of alternatives. The final decision is to accept the alternative with the greatest net present value or cash flow, i.e. NPV

Stage 5, 6 and 7 : The decision making and control processes

Stage 5 is the forecasting stage in which it predicts the most likely outcome of a decision, expressed in a budget form. The budget is prepared on estimates of differential costs and revenues in the chosen course of action with some valid assumptions.

Meeting budget targets can be implemented by monitoring the actual performance, this is known as the control process. This is illustrated in stage 6 and 7. Regular control reports provide a useful feedback for management to assess the progress so far.

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