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Vinil7 [7]
3 years ago
10

Reggie is the sales manager of a large car dealership. he wants to increase sales significantly over the next​ quarter, and afte

r talking with his staff and giving the matter some​ thought, he decides that offering a customer rebate on new vehicles is the best strategy to achieve this. what​ decision-making condition does this best​ describe?
Business
2 answers:
Liono4ka [1.6K]3 years ago
4 0

<u>The decision-making condition that describes the current situation of Reggie is a state of risk. </u>

<u> </u>

Further Explanation:

Decision-making conditions:

There are mainly three decision-making conditions: Certainly, risk and uncertainty. When the managers are sure about the results of the decision then it is considered as state of certainty.  

When the managers are not sure about the results of the decisions, the condition is known as the state of risk. The managers are aware of the situation and the alternatives.  

The state of uncertainty occurs when the managers are unaware of the problem and are not able to find alternatives for the current situation. There is insufficient information about the problem that why the managers are not able to make a certain decision.

Decisions making condition by Reggie:

In the current case, Reggie (manager) has provided adequate consideration to the matter with his stuff. He made a decision to offer a rebate on the new vehicles. The problem is increasing the sales of the car and Reggie must have the required data related to the problem so it is a state of risk. The manager has identified the problem but not sure about the results (whether it would increase the sales or not). Therefore, state of risk is the decision-making condition in this case.

Learn more:

1. Learn more about the resource management activity

brainly.com/question/10700933

2. Learn more about the management characteristics

brainly.com/question/10649225

3. Learn more about the organizational structure

brainly.com/question/6256024

Answer details:

Grade: Senior School

Subject: Business Studies

Chapter: Decision making

Keywords: Reggie, sales, manager of a large car, dealership, He, wants to, increase, sales, significantly, over the next, quarter, and after, talking, with his staff, and giving, the matter some, though, he decides, that, offering a customer, rebate, on new, vehicles, is the best, strategy to, achieve this, what, decision-making, condition, do this, best describe.

IRINA_888 [86]3 years ago
3 0
I would say that the decision making conditon in this instance would be to offer a reward to prospective car buyers so as to attract them to a vehicle which will cost them less and also to compete with other car dealers in trying to win over the prospective clients.
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To close the drawing account with a debit balance, credit the account for its balance and debit the owner's capital account. tru
pav-90 [236]
False is the answer.
8 0
3 years ago
Mike has one hour to spend at the gym where he will jog, play handball and cycle. jogging uses 10 calories per minute, handball
slega [8]
Let
x = minutes used for jogging
y = minutes used for handball
z = minutes used for cycling

Th total time spent is 1 hour (60 minutes), therefore
x + y + z = 60

Because Mike jogs as long as he cycles, therefore
x = z
Therefore
2x + y = 60
or
y = 60 - 2x                 (1)

Jogging consumes 10 calories/min, handball consumes 9 calories/min and cycling consumes 12 calories/min.
The calories consumed in 60 minutes is 580, therefore
10 x + 9y + 12z = 580
Because x = z,
22x + 9y = 580          (2)

Substitute (1) into (2).
22x + 9(60 - 2x) = 580
22x + 540 - 18x = 580
4x = 40
x = 10
y = 60 - 2x = 40
z = x = 10

Answer:
10 minutes of jogging
40 minutes of handball
10 minutes of cycling.

4 0
3 years ago
Suppose Robina Bank receives a deposit of $53,589 and the reserve requirement is 3%. Answer the questions using this information
g100num [7]

A) 2,679.45
B) 50,909.55
C) 1,071,780
Explanation:
The bank will keep 5% of the deposit:
53,589 x 5% = 2,679.45‬
Then, it will have in excess the remainder:
53,589 - 2,679.45 = 50,909.55‬
This amount can be used for another.
This makes a hypothetical loop. The borrower can also deposit and creating the chance or another loan and so on. The cycle repeats indefinitely
The maximum amount of new money can be determinate as follow:

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3 0
3 years ago
How would a payment for rent paid in advance be classified? Multiple Choice Claims exchange transaction Asset use transaction As
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Answer:

Asset exchange transaction

Explanation:

Prepaid rent is an asset exchange transaction because cash (asset) is credited while prepaid rent (also an asset) is debited.

Rent paid in advance is recorded as follows:

Dr Prepaid rent

    Cr Cash

As the months go by, the prepaid rent is credited and rent expenses is debited.

Dr Rent expense month 1

    Cr Prepaid rent month 1

4 0
3 years ago
The following data are for Lily Kay Company. Total sales revenue $250,000 Number of units sold 50,000 units Contribution margin
eduard

Answer:

b. 51,429 units

Explanation:

If x = Number of units

Net Income = Sales Revenue - Variable Cost - Fixed Cost

or

Net Income = Contribution Margin - Fixed Cost

where,

Net Income = $80,000

Contribution Margin per unit = $3.50

Fixed Cost = $100,000

Contribution Margin = Net Income + Fixed Cost

$3.50x = $80,000 + $100,000

$3.50x = $180,000

Dividing the above equation by $3.50 we get

x = $180,000 / $3.50

x = 51,429 units

Hence 51,429 number of units must be sold to generate the net income of $80,000.

3 0
3 years ago
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