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2 years ago

Which model is directed solely at determining how much input subordinates should have in the decision-making process?

1 answer:

4 0

The Normative Decision Model is solely directed at determining how much input subordinates should have in the decisions making process.

The Normative Decision Model was developed by Vroom and Yetton. This model, is limited only to decision making. Thus, if a decision has a rational better or worse alternative, the leader should select the better alternative from the two.

This model is considered as standards for evaluation. So it must be justified independently of observations of people's judgments and decisions. This model also studies the guidelines for right action.

Hence, in the decisions making process, the Normative Decision Model is solely directed at determining how much input subordinates are needed.

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You might be interested in

EA10.

antoniya [11.8K]

Answer:

The question is incomplete; the complete question is given below.

Selling Price per unit Variable cost per unit

Product $ $

Snowboards 20.00 170.00

Skis 400.00 225.00

Poles 50.00 20.00

Salvador's contribution margin is 46.2%

Explanation:

Contribution is the amount generated from the sales of a product to cover part of the total fixed cost.

Contribution is an important concept in decision making because it helps to determine the profitability of individual products where a set of products benefit from the same fixed cost. it helps in prioritizing the allocation of resources to different products based on their profitability .

Contribution per unit = Selling price per unit- variable cost per unit

Total contribution= Contribution per unit * units sold

Contribution margin ration: The proportion of sales realised as contribution is known as contribution margin ratio (CMR) . It represents the amount generated as contribution from every one dollar worth of sales. A 60% margin means that $60 is made as contribution from evry sales of $100, for example.

It is a calculated as follows:

Single-product scenario:

C.M.R= contribution per unit/ selling price per unit

Multiple-products scenario:

C.M.R= contribution from a mix / revenue from a mix

We shall use the multiple-products formula

Snowboard ski Poles Total

$ $ $

Selling price 320 400 50

variable cost (170) (225) (20)

Contribution per unit (SP-VC) 150 175 30

Cont from a mix (cont× unit) 1050 525 60

Revenue from a mix (SP× unit) 2240 1200 100

Contribution margin ratio= Cont. from a mix/ Rev from a mix

= (1050+525+60)/(2240+1200+100)

=(1635 / 3540) × 100

= 46.2 %

8 0

3 years ago

Laws against theft or fraud are institutions designed to encourage trust and to reduce the risk associated with interacting in m

grin007 [14]

Laws against theft or fraud are social institutions designed to encourage trust and to reduce the risk associated with interacting in markets and in your neighborhood

What is meant by social institution?

A social institution is an interrelated system of social roles and social norms, organized around the satisfaction of an important social need or social function. • Social Institutions are organized patterns of beliefs and behavior that are centered on basic social needs.

Why is social institution important?

Social Institutions are the establishment in a society that makes the society function. They work as the backbone of a society. Without the social institutions, a society cannot achieve fulfilment in terms of economy, academy or relationships

What are the rules of social institution?

Social rule system theory is an attempt to formally approach different kinds of social rule systems in a unified manner. Social rules systems include institutions such as norms, laws, regulations, taboos, customs, and a variety of related concepts and are important in the social sciences and humanities

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8 0

2 years ago

Diego wants to buy a dirt bike. He borrows a $7,999 simple interest loan from the bank

alexdok [17]

Answer:

$ 2,327.709

Explanation:

Only the principal amount is considered when calculating simple interest. In simple interest, the principal amount remains constant. The formula for simple interest is as I = p x i x t

where I = interest

P = principal amount ...

i= interest rate

t= time

For Diego, p= $7,999, i= 9.7% , t 36 months or 3 years

Diego will pay

I= 7999 x( 9.7/100) x 3

I= 7999 x 0.097 x 3

Diego will pay $ 2,327.709

7 0

3 years ago

Occurs when a seller charge different buyers different prices for the same good or service

Blababa [14]

the monopoly definition

6 0

3 years ago

when an account holder uses a debit card to pay for a purchase at the point of sale, a. money is immediately taken out of the ch

larisa86 [58]

c. money is deducted from the balance on the debit card.

7 0

3 years ago