All categories

4 years ago

List the steps of the rational model of decision making in the correct order

1 answer:

4 0

"To do this, Violet must follow these six steps:
Define the problem.Identify the decision criteria.Allocate weights to the criteria.Develop the alternatives.Evaluate the alternatives.Select the best alternative."

You might be interested in

What function of the management process is used to monitor and ensure the organization is meeting its goals? A. Controlling B.

Andrews [41]

Answer: Controlling

Explanation:

Controlling is a management process which involves comparing the outcome of an organization's processes to the targets set for those processes beforehand, and taking corrective measures in case the outcome is deviating from the set targets. For example, a manager of a business running at a loss, can identify the cause of the loss and find ways of correcting the negative outcome.

5 0

3 years ago

First National Bank charges 13.1 percent compounded monthly on its business loans. First United Bank charges 13.4 percent compou

FinnZ [79.3K]

Answer:

EAR for First national Bank = 13.92 %

EAR for First United Bank = 13.85 %

Explanation:

given data

First National Bank charges = 13.1 percent

compounded monthly , 1 year = 12 month

First United Bank charges = 13.4 percent

compounded semiannually , 1 year = 2 semiannually

solution

we get here first EAR for First national Bank that is express as

EAR for First national Bank = $(1+ \frac{r}{n} )^n - 1$ .....................1

here r is rate and n is month

so put here value

EAR for First national Bank = $(1+ \frac{0.131}{12} )^{12} - 1$

EAR for First national Bank = 13.92 %

and

EAR for First United Bank is

EAR for First United Bank = $(1+ \frac{r}{n} )^n - 1$ ..................2

here r is rate and n is semi annually

EAR for First United Bank = $(1+ \frac{0.134}{2} )^2 - 1$

EAR for First United Bank = 13.85 %

here First United bank EAR is less

5 0

3 years ago

If reserves in the banking system increase by $100, then checkable deposits will increase by $500 in the model of multiple depos

const2013 [10]

Answer:

d. 0.2

Explanation:

D = 500

R = 100

D*rr = R

500*rr = 100

rr = 100/500

= 0.2

Therefore, The required reserve ratio is a 0.2

6 0

3 years ago

The standard costs and actual costs for direct materials for the manufacture of 1,910 actual units of product are as follows: St

vesna_86 [32]

Answer:

$774 unfavorable

Explanation:

The computation of the direct material quantity variance is shown below:

= Standard Price × (Standard Quantity - Actual Quantity)

= $8.60 × (1,910 kilograms - 2,000 kilograms)

= $8.60 × 90 kilograms

= $774 unfavorable

Since it is unfavorable as it derives that actual quantity is more than the standard quantity and in the case of favorable, the actual quantity is less than the standard quantity

6 0

3 years ago

Boeing does not manufacture all the components of the Dreamliner at its own factory in the United States because _________. A.

nlexa [21]

Answer:

Answer 1: C. Boeing wants to produce the Dreamliner at the least possible cost. To do so Boeing buys from the firms that have the lowest costs for delivering the components.

Answer 2: B. Boeing would be able to make more business decisions about the Dreamliner

Explanation:

Answer 1: It is cost effective for Boeing to manufacture all the components of the Dreamliner buy purchasing from the components from other firms instead of manufacturing them in its factory in the United States.

Answer 2: If Boeing manufactured all the Dreamliner's components in its own factories, they would have the upper hand in making more of the business decisions of that concerns the Dreamliner.

3 0

3 years ago