The last stage of the decision making process is to monitor or evaluate the decision that was made for effectiveness.
During this stage, a manager is going to look at the decision that they made and see if it was correct, or if they need to make any changes. During this stage the manager my decide that they made the incorrect decision, and then will need to go through the decision making process again.
Answer: Contingent theory
Explanation:
The Contingent theory of management believes that management cannot possibly know the best way to manage the activities of a company because things could go wrong at any time.
The theory goes further to suggest that the best bet that a company has is to try to align its internet environment to its external environment. In other words, it should align its corporate culture with the culture of the environment that it is based in.
Answer:
a) 29%
Explanation:
The formula to compute the unemployment rate is shown below:
Unemployment rate = (Number of Unemployed workers) ÷ (Total labor force) × 100
where,
Number of unemployed = 40 million
Total labor force = Number of unemployed + number of employed
= 40 million + 100 million
So, the unemployment rate would be
= (40 million) ÷ (140 million) × 100
= 29%
Answer:
$6000
Explanation:
Break up of the economic cost of owning and operating the car for the year is mentioned below:
Car Bought - 10,000
Add: Insurance, license and operating cost - 1,500
Add: Interest (10,000 * 10%) - 1,000
Less: Car resold - (6,500)
Total - 6,000
Therefore, economic cost of owning and operating the car for the year was $6,000.
Answer:
true
Explanation:
marketing professionals and managers share the same long term for the company
