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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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Which of the following statements is FALSE?A. A stock split is an increase in a firm's shares outstanding without any change in
Stolb23 [73]

Answer:

The false statement is letter "C": A stock buyback refers to the purchase of the firm's shares of stock by the firm's debt holders.

Explanation:

A stock buyback refers to <em>publicly traded companies buying back their shares from shareholders</em> -not debt holders as in option "C". This reduces the number of outstanding shares in the market and typically in simple market dynamics raises the stock price. Companies fund their buybacks with excess cash. since they do not find any other better destination for that money.

8 0
3 years ago
Cloud nine, by caryl churchill, and the laramie project, by moises kaufman, are examples of a contemporary trend in which
ruslelena [56]

<u>Answer:</u>

<em>Cloud nine, by caryl churchill, and the laramie project, by moises kaufman, are examples of a contemporary trend in Political Sense.</em>

<u>Explanation:</u>

What is most exceptional about <em>Caryl Churchill's time traveling</em> satire Cloud Nine is that this insightful play about sexual legislative issues and restraint is <em>presently 36 years of age</em>, however it could have been composed for the current year.

Still a <em>difficult sex bowing play,</em> it asks us how far we think we have originated from the Victorians in our <em>dispositions about sex and character.</em>

7 0
4 years ago
In 2021, the internal auditors of Development Technologies, Inc., discovered that a $4 million purchase of merchandise in 2021 w
stich3 [128]

Answer:

No entry required

However, the balance sheet must be adjusted to  represent both, the 4,000,000 inventory and the 4,000,000 accounts payable

Explanation:

As the account involved:

Inventory and accounts payable are permanent account do not alter the net income for the year ended December 31th 2020.

Also as no cash is involve the cash statement is not affected too.

This delay on recording generate no problem for the accounting.

6 0
4 years ago
During 2018, its first year of operations, Pave Construction provides services on account of $142,000. By the end of 2018, cash
Finger [1]

Answer:

The adjustment for uncollectible accounts on December 31, 2018:

Debit Bad Debts Expense $10,250

Credit Allowance for Doubtful Account $10,250

Explanation:

In Pave Construction, 2018 is the first year of operations. The company provides services on account of $142,000. By the end of 2018, cash collections on these accounts total $101,000.

At the end of 2018, Accounts Receivable (the uncollected accounts) has debit balance of $41,000 ($142,000 - $101,000 = $41,000)

Pave estimates that 25% of the uncollected accounts will be bad debts

Bad Debts Expense = 25% x $41,000 = $10,250

The adjusting entry to record the bad debts expense will be:

Debit Bad Debts Expense $10,250

Credit Allowance for Doubtful Account $10,250

6 0
4 years ago
The Federal Open Market Committee:
Sauron [17]

Answer:

The correct option here is D) none of the answers are correct.

Explanation:

The federal open market committee consists of total twelve members , where seven are federal reserve board of governors and five are presidents of regional federal banks. This committee usually meets eight times a year.

So from the given above detail regarding open market committee , it is clear that the first three options given in the question are incorrect.

3 0
3 years ago
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