Answer:
Programmed decisions.
Explanation:
Decision-making is a process of selection from a set of alternative courses of action,which is thought to fulfill the objectives of the decision problem more satisfactorily than others.
Decision making can be regarded as the cognitive process resulting in the selection of a course of action among several alternatives. Every decision making process produces a final choice.
Types of Decision Making:
• PROGRAMMED DECISIONS : A programmed decision is one that is fairly structured or recurs with some frequency.
A decision that is repetitive and routine, in which a definite method for its solution can be established. Examples: pricing standard customer orders, determining billing dates, recording office supplies etc.
• NON-PROGRAMMED DECISIONS : Non-programmed decisions are relatively unstructured and may occurs much less often. They are made in response to situations that are unique, are poorly defined and largely unstructured.
Answer:
ROQ will be 32863 gallons
So option (a) will be the correct answer
Explanation:
We have given that company uses 150000 gallons of hydrochloric acid per month
Ordering cost = $150
And the holding cost = $0.5
We know that 1 year = 12 month
So annual demand = 12 ×150000 = 1800000
We have to fond the economic order quantity EOQ
We know that EOQ is give by
So option (a) will be correct answer
Answer:
$46,666.67
Explanation:
Henri earned a salary of $50,000 in 2001
He earned $70,000 in 2006
The consumer price index in 2001 was 177 and in 2006 was 265.5
Therefore his salary in 2001 can be calculated as follows
= 70,000/265.5 × 177
= 263.65 × 177
= 46,666.67
The normative economic analysis involves <u>value judgments and opinions.</u>
<h3><u>By normative economic analysis, what do you mean?</u></h3>
Normative economics is an approach to the study of economics that expresses normative or ideologically prescriptive judgments on economic development, investment initiatives, claims, and scenarios.
Normative economics is heavily concerned with value judgments and declarations of "what ought to be" rather than facts based on cause-and-effect statements, in contrast to positive economics, which is dependent on objective data analysis. It reflects ideological opinions regarding potential outcomes for economic activity in the event that public policy changes. It is impossible to verify or validate normative economic claims.
Learn more about normative economics with the help of the given link:
brainly.com/question/17352984
#SPJ4
Answer:
$164.29
Explanation:
The formula to compute the markup percentage is shown below:
Markup percentage = (Sale price - purchase price) ÷ (purchase price)
where,
Markup percentage is 40%
Sale price is $230
So, the purchase price is
0.40 = ($230 - purchase price) ÷ (purchase price)
0.40 × purchase price = $230 - purchase price
So, the purchase price is
= $230 ÷ 1.40
= $164.29
