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ivanzaharov [21]
3 years ago
13

The first step in the decision-making process is A. evaluating the alternatives. B. evaluating the effectiveness of the chosen a

lternative. C. gathering facts. D. defining the problem
Business
1 answer:
Roman55 [17]3 years ago
7 0

<u>Answer: </u>Option D

<u>Explanation:</u>

Decision making means the important and timely action that needs to be taken. Decision making has six steps involved in the process the first step is to identify the problem or the decision to be made. In the second step the possible alternatives solutions are listed. Third step is to identify the consequences of the alternatives and ways it affects other peoples.

Fourth step is to consider the values before taking the decision. Fifth step is to make decision and take action accordingly. The final and sixth step is to evaluate the decision made.

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A manufacturing firm is considering two locations for a plant to produce a new product. The two locations have fixed and variabl
o-na [289]

Answer:

Cost Advantage of different locations:

b. $20,000

Phoenix certainly had a cost advantage over Atlanta and based on this factor, it should be chosen for the new plant instead of any other city.

Explanation:

a) Total Costs of different locations:

                        Atlanta       Phoenix

Fixed Cost      $80,000     $140,000

Variable cost  400,000      320,000

Total Costs  $480,000    $460,000

b) Variable costs

                                   Atlanta       Phoenix

Annual Demand        20,000        20,000

Variable cost/unit        $20              $16

Total variable cost  $400,000  $320,000

c) Cost Advantage is the competitive edge which location (or company) can have over another through reduced production or marketing costs or both so that it can offer cheaper prices or use excess profits to bolster promotion or distribution.   In this case, the comparison is on the total cost, which is made of variable and fixed costs.

4 0
3 years ago
__________ manages the movement of raw materials, parts, work in progress, finished goods and related information throughout the
expeople1 [14]
<span>Logistics is the set of means necessary for the organization of a company, especially in the distribution. It is focused on the supply chain, the planning of purchasing activities, production, transportation, and distribution. Its fundamental function is to place the products in the right place, under the desired conditions and standards, for the maximum satisfaction of the company.</span>
7 0
3 years ago
The transition to an information economy was characterized by ______.
Viefleur [7K]
The transition to this new helpful worldwide economy really started coming to fruition back in the 1950s—a period in which the machines that drove the Industrial Age changed apparatuses for the new Information Age. 
The real move to a data based economy accentuated data dispersion and recovery and in addition transnational monetary collaboration. As a feature of this pattern, in the 1950s different broad communications businesses started showcasing music, motion pictures, TV projects, and PC programming on a worldwide level.
7 0
3 years ago
The income statement for Splish Traveler Company shows cost of goods sold $307,000 and operating expenses (exclusive of deprecia
enyata [817]

Answer:

a. $349,700

b. $209,900

Explanation:

The computation is shown below:

Before computing the cash payment made to supplier first we have to find out the purchase amount which is shown below:

(a) Change in Finished goods + purchase = Cost of goods sold

-$25,800 + purchases = $307,000

So, the purchase is $332,800

Now

Cash paid to supplier is

= $332,800 + $16,900

= $349,700

And,

(b) Cash paid for operating expenses is

= $229,000 - $8,000 - $11,100

= $209,900

5 0
3 years ago
A partnership's allocations of income and deductions to the partners are required to be proportionate to the partners' percentag
olga_2 [115]

Answer:

A partnership's allocations of income and deductions to the partners are required to be proportionate to the partners' percentage ownership of partnership profits in order to meet the substantial economic effect tests.

True

Explanation:

Equity and equality must be put in place as a yardstick to allocate such which would bring a common ground for both parties.

6 0
3 years ago
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