1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
garri49 [273]
3 years ago
10

Please answer the following question:

Business
1 answer:
Elza [17]3 years ago
7 0

Answer:

The response options are:

a) The chances are high that your decision will be biased, especially because the current problem is complex and past patterns will be an inaccurate guide.

b) You will make a decision that is about 80 percent accurate, which is good enough to meet your objectives given the time and information at your disposal."

c) You will rate all alternatives against known criteria and choose the course of action that will maximize return to the organization.

d) Your decision will be based primarily on your preconceptions about social media, what you learn about social media as you begin your research, and Mi Ola's past experiences engaging with customers online.

The correct answer is: c) You will rate all alternatives against known criteria and choose the course of action that will maximize return to the organization.

Explanation:

The rational process for making decisions is a selection between two or more alternatives on some desire, need, object, etc. These decisions must always respond to a solution, if we apply it at an administrative level it can favor or harm the organization or company.

Rational models for decision making require a cognitive process where each step follows the next in a logical order.

As we have determined that this model is a process, it becomes clear that it must have a few steps to follow; Among those we find seven steps to know:

* Step 1: Definition and diagnosis of the problem: If administrators, teams or employees individually do not know the real problems and their possible causes, it is impossible for effective decision making. The definition and diagnosis of problems involves three conceptualization skills: perception, interpretation and incorporation.

* Step 2: Setting goals: Once individuals or teams have defined a problem, they can set specific goals for elimination.

* Step 3: Search for alternative solutions: Individuals or teams should look for alternative means to achieve a goal. This step could involve the search for additional information, creative reflection, expert consultation, research or similar actions.

* Step 4: Comparison and evaluation of alternative solutions: After individuals or teams have identified the alternative solutions, they should compare and evaluate them. This step highlights the expected results and the determination of the relative cost of each alternative.

* Step 5: Selection among alternative solutions: Decision making is usually associated with the making of a final choice. The selection of a solution, however, is just one more step in the rational decision-making process.

* Step 6: Implementation of the selected solution: The fact that the selection of a solution has been carried out correctly does not necessarily mean that its execution will be successful. A technically correct decision has to be accepted and supported by those who will be responsible for implementing it if it is indeed desired that the decision be effective. If the selected solution cannot be implemented for any reason, another should be considered.

* Step 7: Monitoring and control: The single implementation of the preferred solution does not automatically guarantee the fulfillment of the desired goal. Individuals or teams should monitor the implementation activities and maintain their monitoring by evaluating the results. If the implementation does not produce satisfactory results, corrective actions will be necessary.

You might be interested in
Elementary school treachery only need a community college or associates degree
katovenus [111]

That answer is false, because you also need two years of schooling or teaching. Plze mark me brainiest

3 0
3 years ago
During business cycle expansions when income and wealth are rising, the demand for bonds ________ and the demand curve shifts to
insens350 [35]

During business-cycle expansions when income and wealth are rising, the demand for bonds rises and the demand curve shifts to the right, everything else held constant.

A business is an activity that makes a living or makes money by manufacturing or buying and selling products (such as goods or services).

The existence of a company name does not separate the entity from its owner. In other words, the company owner is responsible and liable for the debt incurred by the company. Creditors can trace owner's personal property Corporate structure does not allow corporate tax rate Owners are personally taxed on all income from the business.

Learn more about business here:brainly.com/question/24553900

#SPJ4

5 0
1 year ago
Which of the following practices are not considered essential for a comprehensive JIT implementation: Uniform production (also k
bogdanovich [222]

Answer:

False ( "Large lot sizes" is not considered essential for JIT )

Explanation:

Just in time is an arrangement and alignment of raw material supply with the production process of the business. It minimizes the holding cost, lead time required for delivery of raw material, the setup times and sizes of orders.

The Large lot sizes is not a characteristics of JIT because it may requires the storage facility to place the large orders until used in production which might increase the holding cost.

So, Large Lot Sizes are not considered essential for a comprehensive JIT implementation.

4 0
3 years ago
Stock Z is trading at $50 today. In one year, the value will go either up to $62.50 or down to $40. A call option on Z with exac
PilotLPTM [1.2K]

Answer:

0.33

Explanation:

Delta = (Cu – Cd)/(Su – Sd)Cu

= 62.50 – 55 = 7.50

Cd = 0

Delta = (7.50 – 0)/(62.50 – 40)

= 0.33

5 0
3 years ago
Help pleaseeeeeeeeeeeee
valkas [14]

Answer:

Income

Explanation:

A budget shows a plan of how one will spend their income. It is, therefore, a plan of expenditure.  A budget shows total expected income on one side and projected expenditure on the other side. The budget is balanced when income and expenses are equal.

6 0
3 years ago
Other questions:
  • If the donor dies in the year in which a gift is made, the gift tax return
    9·1 answer
  • "Division A, which is operating at capacity, produces a component that currently sells in a competitive market for $25 per unit.
    6·1 answer
  • On January 1, 2021, G Corporation agreed to grant all its employees two weeks paid vacation each year, with the stipulation that
    15·1 answer
  • Which of the following statements is true about a short term aggregate supply curve?
    11·1 answer
  • During the current year, Sedgewick Inc. had sales on account of $264,000, cash sales of $108,000, and collections on account of
    14·1 answer
  • _____ involves determining the specific job tasks and responsibilities, the work environment, and the methods by which the tasks
    13·1 answer
  • Garten Inc. is a publishing company. It has a very diverse workforce. When interns and new employees join the company, they are
    14·1 answer
  • For taxpayers who do not itemize deductions, the standard deduction amount is subtracted from the taxpayer's adjusted gross inco
    7·1 answer
  • Your assignment for this unit is to create a proposal to garner support from partners in your family business. You are an up-and
    5·1 answer
  • 2. Max z = 3X1 + 5X2+ 4X3 S.t.2X1 +3X2 ≤ 18 2X1 + X2 ≤ 10 3X1 + 2X+4X3 ≤ 15 X1, X2, X3 ≥ 0
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!