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Schach [20]
3 years ago
10

As a manager, Colin realizes that there is no single formula for making easy decisions. In reality, business decisions he has to

make involve uncertainty and risk. This describes the _____ model of decision making. complacent prescriptive rational nonrational
Business
1 answer:
alexira [117]3 years ago
3 0

Answer: Nonrational

Explanation: The nonrational model of decision making comes in the aspects of deciding on and pursuing a method of action that will satisfy the minimum requirements to achieve a particular goal, increments, and understanding without deliberate thinking that are administrative and realistic in the decision-making process.

However, with nonrational decision-making involving uncertainty and lack of available information to carry out a reasonable decision, there is a possibility of adverse results with the decision made and the likelihood of an effect tending to cause harm to the organization respectively. Also, this model of decision making is expensive and time-consuming altogether.

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An economy is experiencing a high rate of inflation. The government wants to reduce consumption by $36 billion to reduce inflati
Alisiya [41]

Answer:

option c) $ 12 billion

Explanation:

Data provided :

Required reduction in consumption = $ 36 billion

MPC = 0.75

Now,

Total income  = Required reduction in consumption / MPC

or

the Increase in tax = $ 36 billion / 0.75

or

= $ 48 billion

the government can raise the tax = $ 48 billion - $ 36 billion = $ 12 billion

Hence, the answer is option C

5 0
3 years ago
What should you do before you approach a atm
kap26 [50]

Answer:

Try to use ATMs with which you are familiar. Choose well-lit, well-placed ATMs where you feel comfortable. If you need to use an ATM late at night, ask a friend to accompany you.

Before approaching the ATM, scan the surrounding area. Avoid the ATM altogether if it is too dark to see, isolated or looks unsafe. If there are bystanders loitering in the area, go to another machine or come back later.

Use your body to shield the screen and keypad before entering your PIN. Make sure other individuals in line stay a reasonable distance from you while you're performing your transaction.

6 0
3 years ago
Last month, Price Company purchased supplies on account, $5,000. Today, Price Company pays the amount that is owed.
xenn [34]

Answer:

Asset Account is decreased.

Liability Account is also decreased.

No effects on Capital Stock.

No effects on Retained Earnings.

Explanation:

Asset Account is decreased by $5000 because Cash is paid for the purchases made on account last month.

Liability Account is decreased by $5000 because accounts payable for the purchases made In the last month is now paid.

This transaction will have no effects on Capital Stock Account and Retained Earnings Account.

7 0
3 years ago
The Supply Chain should Group of answer choices A.manage all aspects of transportation, selecting the least cost when possible.
steposvetlana [31]

Answer: C. Manage materials/products, information, financials, and demand.

Explanation: Supply Chain is said to be a the network between a manufacturer and its suppliers.

It is a system of coordinating the movement of goods and services from its manufacturer to its suppliers.

It involves the use of people, activities, information and resources.

A good supply chain must manage its materials/products, information, financials, and demand efficiently to maximise its daily, weekly or monthly output.

6 0
3 years ago
Read 2 more answers
Which factor plays the biggest role in motivating economic decisions in a
Harrizon [31]

Answer:

Cooperation between governments and citizens

Explanation:

I guess

5 0
2 years ago
Read 2 more answers
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