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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 the Month of March, Chester received orders of 195 units at a price of $15.00 for their product Creak, and in April receives
Delvig [45]

Answer:

Chester

The revenue that is recognized on the March income statement from this order is:

= $0.

Explanation:

a) Data and Calculations:

Selling price of Creak = $15 per unit

                                 March     April        May        Total

Orders received        195           49                         244

Orders delivered          0          195          49          244

Sales revenue            $0    $2,925     $735     $3,660

Cash receipt                       $2,925     $735     $3,660

Revenue recognized $0    $2,925     $735     $3,660

b) Revenue is to be recognized when performance obligations have been fulfilled according to the new Revenue standard IFRS 15 or GAAP ASC 606, as may be applicable.

3 0
3 years ago
Suppose your starting salary is $70,000 per year. You deposit 10% each year in a savings account that earns 6% interest. Your sa
Hatshy [7]

Answer:

Instructions are listed below.

Explanation:

Giving the following information:

Suppose your starting salary is $70,000 per year. You deposit 10% each year in a savings account that earns 6% interest. Your salary increases by 5% per year, and inflation is 3% per year.

<u>The interest rate and the growth rate of the salary will increase the future value of the deposits. On the contrary, the inflation rate will decrease the real purchasing power of money. </u>

To simplify the calculation, we will include the growth effect and the inflation rate to the interest rate:

Real interest rate= 0.06 + 0.05 - 0.03= 0.08

Now, using the following formula, we can calculate the final value:

FV= {A*[(1+i)^n-1]}/i

A= annual deposit= 70,000

i= 0.08

n= 40

FV= {70,000*[(1.08^40)-1]}/ 0.08

FV= $18,133,956.31

Finally, we calculate the present value:

PV= FV/(1+i)^n

PV= 18,133,956.31/ (1.08^40)

PV= 834,722.93

7 0
3 years ago
Information collected from multiple sources such as suppliers, customers, competitors, partners, and industries that analyzes pa
maksim [4K]

Answer: Business intelligence

Explanation: Business intelligence is a term used to describe the strategic steps taken to obtain or collect data,carry out the analysis of the data analysis, showing trends, patterns and relationship between factors, treatments and other considerations before making business decisions. Business intelligence is all in modern business processes to adequately explore the advances in technology for Business decisions making.

7 0
3 years ago
Jonathan, a salesperson for a food processor manufacturing company, is selling his company's new juicer to prospective customers
kondor19780726 [428]

OPTIONS:

(A) A time objection

(B) A price objection

(C) A need objection

(D) A product objection

(E) A source objection

Answer:

D.) A product objection

Explanation:

When trying to sell a product to a prospective customer, there are several concerns raised by the prospective customer as a reason why they seem not willing to purchase such product or service being proposed to them. These concerns that make prospective customers to make a purchase is what is referred to as objections in marketing.

There are several types of objections that can be raised, one of which is referred to as product objection.

Product objection has to do with any concern raised about the product which prospective customers give as reason why they are not willing to make a purchase. In the case described in the question above, the concern that Jonathan's prospects are raising is related to the nature of the product as they are not willing to make a purchase because the Juicer is too bulky and is not easy to clean. It is not a time, price, need, nor a source objection. It is a product objection.

6 0
3 years ago
Read 2 more answers
If the “asset” price is $3.50 and the “strike” price is $3.75, how much of the premium cost is its “intrinsic” value?
Semmy [17]
The premium cost would be $0.25.
7 0
4 years ago
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