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Anika [276]
3 years ago
10

Edgar, the production manager at a textile factory, has noticed a decline in the production capacity of the factory. He wants to

understand the reason behind this trend and make a decision on how to resolve the issue. In the context of rational decision making, which of the following is the first step that Edgar should ideally take?
a. Identifying and defining the problem
b. Computing the optimal decision
c. Generating alternative courses of action
d. Identifying decision criteria
Business
1 answer:
jek_recluse [69]3 years ago
4 0

Answer:

A. Identifying and defining the problem

Explanation: Before taking any action in a production environment one must be able to identify and define the problem.

Problem identification and defining is first approach to solving problems as it gives a clear picture of what and how the problem is,when it started and the possible threats it pose to the business entity.

When a manager wants to address a problem, he should first identify the problem,carry out steps that will help him or her to define what the problem is,through this he or she can be able to develop possible solutions.

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NikAS [45]
Assuming it’s B) Transitive Tastes
5 0
3 years ago
Charles Johnson has to make a deposit in his savings account. He has one $20 bill, two $5 dollar bills, seven $1 bills, six quar
ivolga24 [154]

Answer:

Total deposit is $39

Explanation:

Given

\$20\ bills = 1

\$5\ bills = 2

\$1\ bills = 7

Quarters = 6

Dimes = 5

Required

Determine the total

To do this, we simply multiply each dollar bill or coin with its frequency and add up the results.

i.e.

Total = 1 * \$20 + 2 * \$5 + 7 * \$1  + 6 * Quarters + 5 * Dimes

Total = \$37  + 6 * Quarters + 5 * Dimes

1\ quarter = \$0.25

1\ dime = \$0.1

So:

Total = \$37  + 6 * \$0.25+ 5 * \$0.1

Total = \$37  + \$2

Total = \$39

8 0
3 years ago
Most people are aware of someone at school or at work with whom they don’t really associate. Pick someone in your school that yo
stiks02 [169]

Answer:

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Explanation:

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6 0
3 years ago
Suppose portable radios can be imported at a world price of $10 per radio. If trade were unencumbered, what would the new market
Harman [31]

Answer:

Domestic demand: Q = 5,000 – 100P; Supply: Q = 150P

At equilibrium, demand equals supply.

5,000 – 100P = 150P

250P = 5,000

P = 5,000/250

Equilibrium price (P) = $20

Substituting P in demand equation:

Q = 5,000 – (100*20)

Equilibrium quantity (Q) = 3,000 portable radio would be imported

6 0
3 years ago
The balance sheet of Innovative Products reports total assets of $570,000 and $770,000 at the beginning and end of the year, res
Makovka662 [10]

Answer:

$201,000

Explanation:

The computation of net cash flows from operating activities is shown below:-

Beginning Total Assets            $570,000

Ending total assets                   $770,000

Average Total Assets in use    $670,000

($570,000 + $770,000) ÷ 2

Cash return on Asset                    30%

Cash Flow from operating activities  

Average Assets × 25%               $201,000

($670,000 × 25%)

Therefore the Cash Flow from operating activities is $201,000

6 0
3 years ago
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