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MrRa [10]
3 years ago
8

Managers that must analyze data from 500 hotels to determine when to discount rooms based on occupancy patterns would be placed

in which category for managerial decision-making challenges?
Business
1 answer:
Juliette [100K]3 years ago
5 0
In a situation when managers must analyze data from 500 hotels to determine when to discount rooms based on occupancy patterns they are facing with the following challenge: they need to analyze large amounts of information in the decision-making process in order to make the correct decision.  The goal of the decision <span> is to gain competitive advantage.</span>
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Shaq and Kobe are parties to a business contract containing a binding arbitration clause. A dispute between Shaq and Kobe is sub
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Most likely, Shaq will ask that the court overturn the award based on the acceptance of the bribe by Pat.

Option - b

<u>Explanation: </u>

Arbitration is a method to solve quarrels outside the court. The quarrel will be decided by the arbitral tribunal which gives the arbitration award. This award is lawfully compulsory from both the parties and enforceable in the courts.

The court can impose but these awards will be overturned by the court only in special cases. The court will declare void, or ignore to accept an arbitration award if it is a fraud product or misbehavior by the arbitrator.

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3 years ago
Managers of Wendy's fast-food restaurants keep track of prices at competitors such as McDonald's, Burger King, and Arby's, knowi
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Answer:

It will affect Wendy's fast- food sales negatively.

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Especially if the competitors have larger market share than Wendy's Fast-food.  There will be a switch in consumers from Wendy's Fast-food to it's competitor, therefore reducing its sales and invariably reducing it's profit.

Therefore, Wendy's fast-food should be in tune with price fluctuation of it's competitors especially if it is a price decrease.

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You are auditing Rodgers and Company. You are aware of a potential loss due to noncompliance with environmental regulations. Man
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Answer:

D. disclose a liability and provide a range of outcomes.

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As there are 40% chances to the outcome that liability will occur, it is not nominal to be ignored. And therefore, it shall be shown in the balance sheet, as a note, with different possibilities and their expected results.

As the amount attached is huge and that the company shall not ignore such a coming liability, as if it do not happen, it can be reversed, and if it does the company shall be ready to have the liability in case of any default.

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Answer:

Segmentation.

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When a toothpaste manufacturer divides the marketplace into smaller targets based on benefits sought by the consumer, this is an example of market segmentation.

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Additionally, tailoring goods or services to the tastes of individual customers on a high-volume scale is a segmentation strategy known as segments of one.

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Successful business strategies generate value. Creating value lays the foundation for the important benefits that economies can
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The main thing which superior performance allows a firm to do is:

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This refers to the creation and maintenance of competitive advantage of a particular market against other competitors which gives a particular business an edge in the market.

With this n mind, we are told that successful business strategies generate value and then if they are able to leverage on this, then they can reinvest the profits.

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