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4 years ago

List two ways the decision making matrix model is used to consider risk

Business

1 answer:

Julli [10]4 years ago

8 0

Answer:

1-Likelihood

2- Outcome

Explanation:

1-Likelihood : It is a mechanism for measuring the level of risk in the matrix model. A risk assessment is effective for risk prevention and guidance for decision making.

2- Outcome: It is a tool that assists in decision making based on measurement of results. Through the results it is possible to measure the strengths and weaknesses of a given period and outline strategies to correct the failures.

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Here are a series of MondelÄ“zâ€™s publicly announced objectives for enhancing sustainability:

olchik [2.2K]

Answer:

Strategic plans are made by the upper echelon of a company's management. They are long term and done with the intent to achieve company wide missions and visions.

Tactical plans come next and are made by the middle-level managers. They are not as long term as strategic plans and are typically less than a year but more than half a year. They are done to meet the strategic plans.

Operational plans are not very long term and are typically under half a year. They aim to meet strategic plans and are done by low-level management. It is usually detailed as it aimed at a particular goal.

Strategic Plans

Reducing production waste to landfill sites by 60 percent.
Reducing the impact of our operations.
Addressing child labor in the cocoa supply chain.

Tactical Plans

Reducing our energy and GHG in manufacturing.
Educating employees to reuse water and improve processes.
Reducing packaging material.

Operational Plans

Eliminating 50 million pounds of packaging material.
Buying certified commodities.

Projects are specific and so have specific goals as they aim to achieve a particular mission. They have a defined start and finish.

Programs on the other hand are a group of projects which would produce individual results that when put together, contribute to the larger goal of the program.

Policies are the guidelines that a company institutes in order to meet their goals.

Projects

Reducing production waste to landfill sites by 60 percent.
Eliminating 50 million pounds of packaging material.
Educating employees to reuse water and improve processes.

Policies

Buying certified commodities.
Reducing packaging material.
Addressing child labor in the cocoa supply chain.

Programs

Reducing our energy and GHG in manufacturing.

Reducing the impact of our operations.

6 0

3 years ago

According to the U.S. Census Bureau’s Current Population Survey, the mean and median 2014 income of people aged 25 – 34 years wh

juin [17]

Answer:

B. The mean is $51,754 and the median is $44,167. This is because economic variables are usually skewed to the right, which pulls the mean above the median.

Explanation:

The mean income of $51,754 obtained from the 2014 income of people aged 25 - 34 years with only a bachelor's degree is the average incomes. It is obtained by adding all the incomes in the data set and then dividing by the number of values in the set. The median of $44,167 is the middle value when this data set is ordered from least to greatest while the mode is the number that occurs most often in the data set.

4 0

4 years ago

Identify and explain two reasons why effective communication within a business is important to the management

steposvetlana [31]

Answer:

Why effective communication within a business is important to the management?

In order to attain your objectives, it is critical to communicate well during negotiations. Within the business, communication is also crucial. Effective communication can aid in the development of a positive working connection between you and your employees, which can enhance morale and productivity.

Explanation:

It Builds and Maintains Relationships: Positive interactions with people help to form and maintain relationships. Communication will be crucial in this process; without it, it would be difficult to build and maintain fruitful partnerships. Communication is an important component of any relationship. Two people cannot be friends until they begin to communicate with one another. A supervisor-underling relationship is similar, in that the boss should be able to explain how to do his job to a new office worker.

It Facilitates Innovation: Collaboration and innovation inside the unit or organisation can be improved when employees feel free to express themselves. Employees, for example, will be able to share their ideas on how to improve a company process. Furthermore, if employees are unable to communicate their ideas owing to a lack of communication skills, the idea is unlikely to be fully implemented.

3 0

2 years ago

The manufacturing costs of Mocha Industries for three months of the year are as follows: Total Cost Production April $60,226 1,3

Anton [14]

Answer:

Variable cost per unit = $4.60

Explanation:

To calculate the element of variable cost in a mix cost using high-low method, we need to take the cost of the highest activity level and subtract the cost of the lowest activity level from it and divide the answer by the difference between the highest and the lowest activity levels.

High-low method

Variable cost per unit = (Highest Activity Cost - Lowest Activity Cost) / (Highest Activity Units - Lowest Activity Units)

Variable cost per unit = (66436 - 60226) / (2660 - 1310) = $4.60 per unit

3 0

4 years ago

Economy of Economy Stock A Stock B Recession .20 .010 –.35 Normal .55 .090 .25 Boom .25 .240 .48

zavuch27 [327]

Answer:

a. STOCK A

State of nature R(%) P ER R-ER R - ER2.P

Recession 0.010 0.20 0.002 -0.1015 0.00206045

Normal 0.090 0.55 0.0495 -0.0215 0.0002542375

Boom 0.240 0.25 0.06 0.1285 0.0041280625

ER 0.1115 Variance 0.00644275

STOCK B

State of nature R(%) P ER R - ER R - ER2.P

Recession -0.35 0.20 -0.07 -0.5375 0.05778125

Normal 0.25 0.55 0.1375 0.0625 0. 0021484375

Boom 0.48 0.25 0.12 0.2925 0.021389062

ER 0.1875 Variance 0.08131875

Expected return of stock A = 0.1115 = 11.15%

Expected return of stock B = 0.1875 = 18.75%

b. Standard deviation of stock A = √0.00644275 = 0.0802

Standard deviation of stock B = √0.08131875= 0.2852

Explanation:

In the first case, there is need to calculate the expected return of each stock by multiplying the return by probability.

In the second case, we need to obtain the variance. The square root of variance gives the standard deviation. Variance is calculated by deducting the expected return from the actual return, then, raised the difference by power 2 multiplied by probability.

4 0

4 years ago