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FinnZ [79.3K]
3 years ago
12

What are the different schools (beliefs) of decision making?

Business
2 answers:
Law Incorporation [45]3 years ago
5 0

Utilitarian decision-making are when ethical decisions are the first type of decisions to be made. Right decision-making, where everyone involved should have the same rights, fairness and acceptance when making the decisions. Common good decision-making refers to making decisions as individuals that will have an affect on the community as a whole. Virtue decision-making,  refers to the virtues that help make decisions for the individual or company- honesty, generosity and knowledge are some of the most important parts of the decision making process. 

Sladkaya [172]3 years ago
4 0
<span>The different schools (beliefs) of decision making are : 
</span>utlitarian decision making- ethical decision are primary
right decision making - everyone involved should be granted the same rights
fairness and justice decsion making - th
common good decision making -  individuals as part of a larger community.
virtue decision making - <span>honesty, generosity and knowledge are the most important parts of the decision making process</span>

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A business has the following items: - Land $1,500,000 - Machinery $30,000 - Cash $10,000 - Loan $500,000 - Owner’s equity? _____
vodomira [7]

Answer:

The owner's equity amounts to $1,040,000

Explanation:

The formula to compute the owner's equity is as:

Owner's equity = Assets - Liabilities

Where

Assets = Land + Machinery + Cash

= $1,500,000 + $30,000 + $10,000

= $1,500,000 + $40,000

= $1,540,000

Liabilities = Loan

= $500,000

Putting the values above in the formula:

= $1,540,000 - $500,000

= $1,040,000

6 0
3 years ago
A student comments to his roommate that the only way he will be able to pass his final exams is to not sleep for the next three
Varvara68 [4.7K]

Since the student comments to his roommate that the only way he will be able to pass his final exams is to not sleep for the next three days, one can say that the  statement suggests that option c) there is a trade off between studying and sleep.

<h3>What means trade-off?</h3>

The Definition of trade-off is known to be the act or the process that is used in equalizing the factors all of which are not able to achieve at the same time such as the trade off between studying and sleep.

Note that the term  trade-off is seen as a point where there is a situational decision that entails the act of lowering or losing one quality, quantity and even  property so that one can be able to get  other aspects or things,

Therefore, Since the student comments to his roommate that the only way he will be able to pass his final exams is to not sleep for the next three days, one can say that the  statement suggests that option c) there is a trade off between studying and sleep.

Learn more about trade off from

brainly.com/question/7072776

#SPJ1

A student comments to his roommate that the only way he will be able to pass his final exams is to not sleep for the next three days. This statement suggests that a) students are more concerned about good grades than health b) society should value sleep more c) there is a trade off between studying and sleep d) society should value good grades more than sleep

4 0
1 year ago
Compared to _____% in 1977, the labor force participation rate for men is now approximately ______% and is expected to decrease
blsea [12.9K]

Answer: 59; 53; 52

Explanation: Compared to 59% in 1977, the labor force participation rate for men is now approximately 53% and is expected to decrease through 2024 to 52%.

6 0
2 years ago
Kate's Diner offers one breakfast item, a breakfast special. The market price for this meal is $5. At her profit-maximizing leve
bazaltina [42]

Answer:

keep producing in the short run but exit the industry or go out of business in the long run

Explanation:

A perfect competition is characterised by many buyers and sellers of homogeneous goods and services. Market prices are set by the forces of demand and supply. There are no barriers to entry or exit of firms into the industry.  

In the long run, firms earn zero economic profit.  If in the short run firms are earning economic profit, in the long run firms would enter into the industry. This would drive economic profit to zero.  

Also, if in the short run, firms are earning economic loss, in the long run, firms would exit the industry until economic profit falls to zero.  

A firm should shut down in the short run if price is less than average variable cost. But since the diner's price is greater than average variable cost, it should continue production.

A firm should exit the industry in the long run if price is less than average total cost. the diner's price is less than average total cost, so it should shut down in the long run

6 0
3 years ago
Monica has strong interpersonal skills. At international business forums, she can work out solutions between people without gett
n200080 [17]

Answer:

C. negotiation

Explanation:

-Computer skills are abilities that allow you to use computers and software in the right way.

-Analytical skills are abilities to evaluate information to solve problems.

-Negotiation skills are abilities that allow parties to reach an agreement.

-Business ethics skills are abilities to make good business decisions according to people's values.

According to this, the skill that Monica has is negotiation.

5 0
2 years ago
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