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Yuri [45]
3 years ago
11

1. Do you think evidence-based management seems like common sense? If so, why wasn’t it advocated earlier? 2. Are there circumst

ances in which evidence-based management might not be the best approach? 3. Could automated evidence-based management ever replace human decision makers? Why or why not? 4. Would you want to work under Jack Welch’s system at General Electric? Why or why not?
Business
1 answer:
Tom [10]3 years ago
5 0

1. Evidence-based management seems like common sense initially, but the reality is not that simple. Managers are often hired based on their experience. Therefore, people tend to believe their word more than they would believe some types of concrete evidence. Moreover, even when evidence does not change, it can be interpreted in various ways by different people, making objectivity impossible.

2. Sometimes, evidence-based management might not be the best approach. This would especially be the case in situations where a manager might be very experienced. It might be better to trust the manager's interpretation of events as opposed to what the evidence might suggest.

3. It is unlikely that automated evidence-based management could ever fully replace human decision-makers. This is because automated managers might not be sensitive enough to human matters that are important for a correct interpretation of evidence.

4. I would want to work under this system, as ultimately the system is most likely to lead to efficient outcomes. Moreover, under this system, all workers are treated in the same way.

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In a normal year most police officers who die in the line of duty die as a result of:
Contact [7]
I believe it must be by the hands of a weapon such as a gun.
6 0
4 years ago
Charm Co. owns a delivery truck with an original cost of $10,000 and accumulated depreciation of $7,000. Charm acquired a new tr
Kazeer [188]

Answer:

no loss or gain should be recognized by the Charm

Explanation:

Given:

Original cost of the truck = $10,000

Accumulated depreciation of the truck = $7,000

Thus,

the value of the truck after depreciation = $10,000 - $7,000 = $3,000

The amount paid with the exchange of the truck = $2,000

Therefore, the total considerable amount paid for the new truck

= value of the truck after depreciation +  amount paid with the exchange

= $3,000 + $2,000

= $5,000

Also, the fair value of the truck  = $5,000

Since, the amount total considered amount paid by the charm co. for the new truck is equal to the fair value of the truck.

Hence, there no loss or gain should be recognized by the Charm

4 0
4 years ago
What is the difference between a production function and an​ isoquant? A. A production function describes the minimum output tha
blagie [28]

Answer:

Option d: Production function describes the maximum output that can be achieved with any given combination of inputs. An isoquant identifies all of the different combinations of inputs that can be used to produce one particular level of output.

Explanation:

Factors of Production

They includes Inputs in the production process (labor, capital, materials)

Production Function

This simply is that function that is displaying or showing highest output firm can produce. It depicts what technically feasible is and when firm operates efficiently.

Isoquant

This is simply refered to as a curve tbat depicts or shows all possible efficient combinations of input that are very able to produce a certain quantity of output. It usually a downward sloping and convex and it can never slope upward. This shows also that adding more inputs keeps output constant.

Isoquant Map

This is simply a graph showing a combination of a number of isoquants, used to describe a production function.

4 0
3 years ago
Costs that do not change with output are called __________ costs A. average B. variable C. marginal D. fixed
zmey [24]

Answer:

C.

Explanation:

4 0
3 years ago
Since the market return represents the expected return on an average stock, the market return reflects a certain amount of risk.
posledela

Answer:

A. True

Explanation:

In the Stock Exchange Market, the market return can be calculated by the expected return on an average stock. This return is a reflection of a certain amount of risk. It gives rise to the existence of a market risk premium, which is the amount over and above the risk-free rate, that is required to compensate stock investors for assuming an average amount of risk.

7 0
3 years ago
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