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blagie [28]
4 years ago
7

Three of the steps in management's decision-making process are: (1) Review results of decision, (2) Determine and evaluate possi

ble courses of action, and (3) make the decision. The steps are performed in the following order:
Business
1 answer:
Hitman42 [59]4 years ago
6 0

Decision Making Process refers to the technique of considering the best alternative/action plan that is  available and then further  using which a decision is taken or the management arrives at a decision

Explanation:

The Three most important steps of a decision making process are:

(2) <u>Determine and evaluate possible courses of action:</u>During the process of decision making all the possible course of action/all  the action plans are evaluated by the management

<u>(3) make the decision: </u>After the evaluation of  all the action plans the best action plan is chosen and then the decision is taken keeping in mind the action plan that is considered

<u>1) Review results of decision:</u>The outcome of the decision is reviewed in order to find out the shortcomings of the decision making process.

In case,a shortcoming is found then the whole process of decision making is renewed

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Joetz Corporation has gathered the following data on a proposed investment project (Ignore income taxes.): Investment required i
dimulka [17.4K]

Answer:

16.7%

Explanation:

The simple rate of return is the annual net income divided by the initial investment in the proposed investment project.

The annual net income is the annual cash flow of $8,400 minus annual depreciation charge.

annual depreciation=cost -salvage value/useful life=($36,000-$0)/15=$2400

annual net income=$8,400-$2,400=$6000

simple rate of return =annual net income/initial investment

initial investment is $36,000

simple rate of return=$6,000/$36,000=16.7%

The second option,16,7% is the correct answer

8 0
4 years ago
Compute the standard cost for one hat, based on the following standards for each hat: Standard Material Quantity: 3/4 yard of fa
Taya2010 [7]

Answer:

$21.65

Explanation:

The computation of the standard cost is shown below:

= Material cost + labor cost + factory overhead cost

where,

Material cost = 3 ÷ 4 × $5 per yard

                     = $3.75

Labor cost = 2 hours × $5.75 = $11.5

And, the factory overhead cost is

= $3.20 × 2 hours

= $6.4

So, the standard cost is

= $3.75 + $11.5 + $6.4

= $21.65

3 0
3 years ago
Narciso Corporation is preparing a bid for a special order that would require 880 liters of material R19S. The company already h
bija089 [108]

Answer:

$5,456

Explanation:

A relevant cost can be defined as the cost that are said to be in form of a future cash cost that is relevant and important to a particular decision.

The relevant cost:

Current market cost 880 liters × Current market $6.20 per liter

= $5,456.

Therefore the relevant cost of the 880 liters of the raw material when deciding how much to bid on the special order will be $5,456

6 0
3 years ago
the potential for risk is higher when considering a foreign market with a politically blank nation. multiple choice question. st
Gnesinka [82]

The potential for risk is higher when considering a foreign market with a politically unstable nation.

What is unstable nation?

Ukraine. They already lost a portion of their country to Russia, Russia is obstructing important ports, and their population is greatly dispersed and in need. There is a lot of corruption, and some individuals want to be more like the rest of Europe while others prefer to be more like Russia. Additionally, they are totally dependent on Russia for their energy needs. Additionally, there is hardly one in Ukraine who genuinely supports the state.

Bosnia is second. Even now, so many years after the conflict, there is still no functioning administration, and the country's divisions are just becoming worse.

Sadly, the UK is probably in third place. No of what kind of agreement is ultimately reached, Brexit is incredibly polarizing. It may cause discontent in Scotland and particularly Northern Ireland.

To study more about unstable nation

brainly.com/question/3999439

#SPJ4

5 0
1 year ago
The Fire Department of a given city received an appropriation in the amount of $15,000,000 for the fiscal year ended June 30, 20
Bezzdna [24]

Answer: $13,680,000

Explanation:

Given that,

Appropriation received(Budget) = $15,000,000

(a) purchase orders = $650,000

(b) purchase orders, related to (a) = $640,000

   Related Invoice amount = $635,000

   Invoices were paid in the amount = $620,000

(c) salaries accrued and paid(Payroll) = $675,000

Balance available for the fire department as of July 31, 2017:

= Budget - purchase orders(debit) + purchase orders(credit) - (Invoice payment) - payroll(expenditure)

= $15,000,000 - $650,000 + $640,000 - ($15,000 + $620,000) - $675,000

= $13,680,000

6 0
3 years ago
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