Answer:
Bounded Rationality
Explanation:
To begin with, it is essential to understand the concept of departmentalization.
Departmentalization centers on the idea that departments/divisions within an organization are grouped and/or sectioned, using some identified benchmarks. In extension, Departmentalizing, is simply the acts of engaging in departmentalization.
Bounded rationality, is a phenomenon that states that human reasoning and extension, logic could be threatened by a number of constraints. The constraints here could be human, material and physical resources. The implication is that an individual is not in possession of full details and information that could influence or shape his position.
Hence, by departmentalizing, an organization has placed a constraint on the amount of information accessible to that department, under the bigger context of an organization. Thus, the departments' rationality has been bounded and this could ultimately spiral into poor decision making, principally because of lack of detailed information.
Answer:
Answer is option a, i.e. have been combined to develop a procedure that uses the best of each.
Explanation:
In project management, PERT i.e. project evaluation and review technique is used as a statistical tool that is used to assess the overall work that is done to complete a certain project. In order to complete a particular task, there can be 'n' number of paths or ways. The best decision of selecting a pathway that is time-saving as well as cost-saving is to be found out. This chosen path is then referred to as 'Critical path.' Hence, PERT and CPM can be understood as two faces of a single coin, and have been combined to develop a procedure that uses the best of each.
Answer:
Please find the complete solution in the attached file.
Explanation:
Banks make a profit by c. charging interest
Answer:
d. $29,580.
Explanation:
Note: The data in the question are merged together and they are first sorted and separated as given in the attached file before the question is answered.
Cost individually incurred by Maintenance = $25,500
Share of Payroll Department cost = $20,400 * (15/75) = $4,080
Total Maintenance Cost = $25,500 + $4,080 = $29,580.
Therefore, he total cost of operating the Maintenance Department for the current period is d. $29,580.
