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SVEN [57.7K]
3 years ago
11

It is possible to use a decision making process for any decision.

Business
2 answers:
loris [4]3 years ago
6 0
I think so, but there may be some exceptions--if any.
ElenaW [278]3 years ago
5 0
Pretty much. That is why it is called a "decision making process", after all.
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Which of the following actions is likely to have the highest initialcost in terms of its impact on other parts of the organizati
avanturin [10]

Answer:

Replace existing equipment with newer, more efficient equipment. Although this option entails substantial up-front investment, you’re sure that you can more than make up the difference in lower production costs.

Explanation:

The action that is likely to have the highest initial cost in terms of its impact on other parts of the organization is to replace existing equipment with newer, more efficient equipment. Although this option entails substantial up-front investment, you’re sure that you can more than make up the difference in lower production costs. This because buying new equipment will require a big investment from the company at the beginning to cover its costs but this will later generate more productivity and lower production costs which will compensate the initial high cost.

The other options are not right because buying slightly lower-grade materials, including hardwood, aluminum, vinyl, and nylon can decrease the cost at the beginning but the company can have problems with the quality of the products which could be really costly. Also, lay off a portion of your workforce and then try to motivate everyone who’s left to work harder and this option also means selecting future hires from a lower-skill labor pool and paying lower wages will decrease labor costs at the beginning but can require a big investment later with the costs of the process to hire new people, compensations to the employees that were laid off and can also result on low quality job and productivity from lower-skill labor.

7 0
3 years ago
On May 1, A makes a written offer to B for the sale of A's car. On May 2, A mails B a letter revoking the offer. On May 3, A tel
maria [59]

Answer:

On what day did A's offer terminate?

May 3

Why?

In order for a written offer to be terminated, the offeror must revoke the offer, the offeree must make a counteroffer, or the valid time for the offer must expire. In this case, A is the offeror and B is the offeree. A can revoke his/her offer as long as it is done before B accepted it. In order for the revocation to be valid, B must be notified about it.

In this case, A called B on May 3 to notify him/her that the offer was being revoked. Legally, that would be the day when the offer was terminated. The revocation letter is not important here because it arrived after A had called B.

5 0
3 years ago
Which of the following people are structurally unemployed? Select all answer options that apply. Choose one or more: A. A newspa
aleksley [76]

Answer:

The correct answers are letters "A", "C", "D", "E", and "F".

Explanation:

Structural unemployment is an economic mismatch when workers fail to find jobs and employers with available openings cannot find workers. This problem can be created by technological advances and rapid relocation of available jobs along with other economic factors such as rapid technological changes, and government policy. In that sense:

<em>A.</em><em> A newspaper photographer loses his job due to the decreased circulation of the physical newspaper. His boss says more people are using the Internet to get their news. (</em><u><em>Technological change)</em></u>

<em>C.</em><em> A teacher at the local high school loses his job when declining enrollment causes the school district to consolidate schools. </em><u><em>(Government policy)</em></u>

<em>D.</em><em> A worker on an assembly line loses her job when the company outsources jobs to China. </em><u><em>(Job relocation)</em></u>

<em>E.</em><em> Your mechanic closes his shop because recent advances in technology mean that cars need much less servicing, and he doesn’t have enough work to keep the business open. (</em><u><em>Technological change)</em></u>

<em>F.</em><em> Two employees of a tax accounting firm are laid off because new tax software has made it easier for people to do their own taxes. (</em><u><em>Technological change)</em></u>

8 0
3 years ago
On January 1, 2020, Ann Price loaned $192186 to Joe Kiger. A zero-interest-bearing note (face amount, $270000) was exchanged sol
Brums [2.3K]

Answer:

The amount of interest income should Ms. Price recognize in 2020 is $23,062

Explanation:

Amount of interest income should Ms. Price recognize in 2020

= $192186*12%

= $23,062.32

= $23,062

Therefore, The amount of interest income should Ms. Price recognize in 2020 is $23,062

3 0
3 years ago
Justin is the grantor of an ILIT. When he dies, his estate needs cash for funeral costs, final medical expenses, death taxes, et
slavikrds [6]

Answer:1 the answer is d, 2. The answer is d, 3.The answer is C, 4. The answer is d, 5. When the policy holder does not dies within the years in which the policy was taken

Explanation:

1.Trust is a group of people which has the authority to manage a asset of the owner of the asset after the death of the owner of such asset. The trustee take over the management of the asset that is the properties of the owner after the death of the owner.

2.The major type of insurance are motor vehicle insurance, fidelity guarantee insurance, fire insurance, burglary theft or robbery insurance, Accident insurance, life insurance such as joint life insurance, whole life insurance,term insurance, Annuity insurance, indexed universal life insurance.

3.Annuity insurance : This is the insurance policy in which the insured pays a lump sum of money in form of premium to the insurance company which matures at the retirement of the insured .the insurance company makes regular payment of income to the policy holder on his retirement for a specified period or for the rest of his life depending on the agreement reached and the lump sum paid by the insured.

4.The joint life insurance is the insurance policy which can be jointly taken by two people, the insurance company pays a lump sum to the person who has not died out of the two people that take the policy if the first person out of the two person that takes the policy dies within the period in which the policy was taken with the insurance company.

5. Incident of ownership is the right given by the insurance company to the insured to change the beneficiary listed by the insured on the life insurance policy taken by the insured with the insurance company. The insured can exercise his right under this measures to change the names of the beneficiaries who will receive the benefits after the death of the insured.

6 0
3 years ago
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