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Katarina [22]
3 years ago
7

Put the steps of the decision-making process in the correct order.

Business
1 answer:
RideAnS [48]3 years ago
4 0

Identify the decision. The first step in making the right decision is recognizing the problem or opportunity and deciding to address it. Determine why this decision will make a difference to your customers or fellow employees.

Gather information. Next, it’s time to gather information so that you can make a decision based on facts and data. This requires making a value judgment, determining what information is relevant to the decision at hand, along with how you can get it. Ask yourself what you need to know in order to make the right decision, then actively seek out anyone who needs to be involved.

Identify alternatives. Once you have a clear understanding of the issue, it’s time to identify the various solutions at your disposal. It’s likely that you have many different options when it comes to making your decision, so it is important to come up with a range of options. This helps you determine which course of action is the best way to achieve your objective.

Weigh the evidence. In this step, you’ll need to “evaluate for feasibility, acceptability and desirability”

Choose among alternatives. When it’s time to make your decision, be sure that you understand the risks involved with your chosen route. You may also choose a combination of alternatives now that you fully grasp all relevant information and potential risks.

Take action. Next, you’ll need to create a plan for implementation. This involves identifying what resources are required and gaining support from employees and stakeholders. Getting others onboard with your decision is a key component of executing your plan effectively, so be prepared to address any questions or concerns that may arise.

Review your decision. An often-overlooked but important step in the decision making process is evaluating your decision for effectiveness. Ask yourself what you did well and what can be improved next time.


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2. Which of the following is not an accurate statement as concerns competing in the markets of foreign countries? A. A multi-cou
suter [353]

Answer:

A. A multi-country strategy is generally superior to a global strategy.

Explanation:

Foreign countries are the countries that are established in a foreign. Each and every foreign country has different consumer preference, buying power, taste and preferences.

Also there are no fixed exchanged rates plus the designs of the product are not fixed for another country as it depends on the customer demand which type of product they needed. Moreover, the growth rate is also different in different countries

Hence, option A is correct

4 0
3 years ago
Audreys free-throw percentage so far this season is .875. If she makes only 13 of her next 20 free throws, her percentage will d
otez555 [7]

Answer:

245 free throws

Explanation:

x will be number of times Audreys makes a shot, and let y be total number of the shots.

x/y = .875

(x+13)/(y+20) = .860

Let solve for x in equation 1

x = .875y

We will plug the for x in the equation 2

(.875y+13)/(y+20)

= .860

.875y + 13

= .860y + 17.2

.015y = 4.2

y = 280

Audreys has taken 280 shots.

We will Plug that back into the equation 1 in order to find out how many Audreys made.

x/280 = .875

x = 245

Hence :

Audreys made 245 free throws

6 0
4 years ago
Mark produced 9 cans of sauce with 3 pounds of tomatoes. When he increased to 5 pounds, he produced 13 cans. What is the margina
MakcuM [25]

Answer:

Marginal Product is 2

Explanation:

Marginal Product (MP)  is defined as the ration of change in quantity of output produced to the change in quantity of input raw material

Change in quantity of input raw material = 5 -3 = 2

Change in quantity of output of products = 13 - 9 = 4

Marginal Product (MP) = \frac{4}{2} = 2

Marginal Product is 2

8 0
3 years ago
Following is partial information for the income statement of Audio Solutions Company under three different inventory costing met
ioda

Answer:

1,2- See attached pictures.

3-

1. LIFO

2. Average

3. FIFO

Explanation:

See attached pictures.

7 0
3 years ago
You are going to invest in Asset J and Asset S. Asset J has an expected return of 11.2 percent and a standard deviation of 52.2
andrey2020 [161]

Answer:

7.98%

8.61%

Explanation:

wj = [(0.172)² - 0.50x0.522x0.172)/((0.522)²+(0.172)²-2x0.50x0.522x0.172]

= - 0.07211

Expected returns

= (-0.07211)x 0.112+(1-(-0.07211))x0.082

= 7.98367%

Standard deviation

=√((-0.07211)x(0.522²+((1-(-0.07211))x0.172)²+2x(-0.07211)x(1-(-0.07211))x0.522x0.172x0.5)

This gives us a standard deviation of

= 8.61054%

The expected return = 7.98%

The standard deviation = 8.61%

8 0
3 years ago
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