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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.

You might be interested in
explain why it is not encouraged to rely on estimates of the intercept or constant when making economic analysis​
ryzh [129]

It is not encouraged to rely on estimates of the intercept when a person is making analysis because intercept is the mean of variable Y when all predictors have become zero.

<h3>What is economic analysis?</h3>

This is the term that is used to refer to the analysis that is done with the given data that has been established in a statistical test. The economic analysis helps to make the predictions that would be used to bring about new policies in government.

Economic analysis is not done with the the intercept because it would require all the other predictor variables to have zero value hence their impact cannot be seen.

Read more on economic analysis here: brainly.com/question/14300080

#SPJ1

8 0
2 years ago
Hunt Incorporated sold $209,000 of accounts receivable to Gannon Factors Inc. on a with recourse basis. Gannon assesses a 2% fin
pentagon [3]

Answer:

Dr Cash $190,190

Dr Due from Gannon Factors $14,630

Dr Loss on Sale of Receivables $16,280

Cr Accounts Receivable $209,000

Cr Recourse Liability $12,100

Dr Accounts Receivables $209,000

Cr Due to Customer $14,630

Cr Interest Revenue $4,180

Cr Cash $190,190

Explanation:

Journal entries

Dr Cash $190,190

Dr Due from Gannon Factors $14,630

Dr Loss on Sale of Receivables $16,280

Cr Accounts Receivable $209,000

Cr Recourse Liability $12,100

Dr Accounts Receivables $209,000

Cr Due to Customer $14,630

Cr Interest Revenue $4,180

Cr Cash $190,190

*7% X $209,000 =$14,630

*2% X $209,000 =$4,180+$12,100=$16,280

5 0
3 years ago
When the incentives to join an organization emphasize a sense of pleasure, status, or companionship, the incentives are said to
tiny-mole [99]
The answer to your question is;

<em>Emotional Incentives.</em>

I hope this helps!
5 0
3 years ago
Which expense category will most likely be changed to allow money for the purchase of a car?
Ivan
<h2>Reducing the "Entertainment " will hold good for the given scenario</h2>

Explanation:

There things which a man needs like food, water, shelter, etc.

Savings : This aspect is necessary for helping us in crucial point. It can serve as an another hand on demand.

Groceries : This is most important component of every men and women for living. So it cannot be reduced.

Utilities : This is equally important.

Entertainment : This shows luxurious aspect and not a mandatory one. So the amount spent in this category should be reduced.

7 0
3 years ago
The ultimate retail strategy is to offer consumers multiple brand–based "touchpoints" that leverage the strengths of each channe
Kay [80]

Answer:

Here, to explain this, a company with a truly integrated or omni channel strategy might spark a customer's interest using mobile advertising or direct mail catalogs. The customer then visits a brick and mortar store to examine the product firsthand and speak to a salesperson.

In-store purchases might be made using one of the mobile payment methods discussed later in this chapter. If the store does not have the particular size or color of the product desired, the customer might order it by accessing the store's e-commerce site with his or her smartphone by scanning a QR code placed strategically on an in-store display.

The product would then be delivered through the mail. Product returns could be handled through the mail or returned to the store, depending on what is most convenient for the customer. Customer service reps in a call center would have a record of the customer's purchase regardless of which channel the transaction had been completed through.

4 0
3 years ago
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