Answer:
Minimize
Explanation:
With proper planning, you can minimize your tax liability which means owe less taxes at the end of the year if you are smart about what purchases you make and when you make it and such which falls under proper finanicial planning.
Answer:
Note: The full question is attached as picture below
a. Let X is denoted as company’s monthly demand, P(X=x) is denoted as the probability of the company’s monthly demand.
The expected value is obtained below:
E(X) = (300*0.20) + (400*0.30) + (500*0.35) + (600*0.15)
E(X) = 60+120+175+90
E(X) = 445
b. The expected value of the monthly demand is 445. The each unit demands the revenue to generate is $70 and their cost is $50.
The gain/loss of the company = (300*(70−50)) - (145*50)
The gain/loss of the company = (300*20) - (145*50)
The gain/loss of the company = 6,000 - 7,250
The gain/loss of the company =−$1,250(Loss)
Before going on his first business trip to China, Albert asked his Chinese American friend to advise him on customs and values common among the Chinese businesspeople he will likely encounter. Albert is trying to avoid Cultural business blunders.
The term "business culture" refers to the collection of norms that may be seen in a company's behavior and operations, including its goals, codes of conduct, rules, procedures, ethics, and values.
A notable example of a company culture is found at Netflix, where the phrase "people over procedure" serves as the organization's guiding principle. Netflix outlines its company principles in its statement on corporate culture. These values include judgment, communication, curiosity, courage, passion, selflessness, innovation, inclusivity, integrity, and impact.
Learn more about business culture here brainly.com/question/25010777
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Answer:
Design
Explanation:
In Simon model of decision making process there are four phases
• Intelligence
• Design
• Choice
• Implementation
- Intelligence phase: In this phase problem, situation and opportunity is being identified. The variable is identified which impacts the decision.
It is based on the objective of organization and project
- Design phase: This is the phase in which a model for decision is being created. It is done by identifying relation between the variable of decision-making process. Their relationship is established and then model is constructed. Based on the model various alternative of decision is created. The outcome for each decision option is also predicted and
- Choice phase: Based on model prepared by design phase. Various alternative of decision is created. In this phase the best decision is chosen which helps in attaining the objective most productively.
- Implementation phase: based on choice made. The action and activities of the decision is applied to situation or the opportunity.
In the problem defined the phase which is being discussed is one in which criteria of decision , alternative for meeting and relationship between choice and criteria is evaluated which corresponds to design phase as discussed in the above model.
Answer: $8500
Explanation:
The total administrative expense allocated to the Meats department will be calculated thus:
= (Total administrative expense/Total Sales in square Feet) × Meat Department sales in Square Feet
= (17000/3200) × 1600
= $8500
The total administrative expense allocated to the Meats department is $8500.
