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inysia [295]
3 years ago
12

Assume you are Helena Fogarty, the CEO and founder of Mi Ola, and you are engaged in an intense group decision making process wi

th your trusted advisory board. You would like to use more programmed decision making processes but are finding it challenging to do so. Which of the following reasons explains why it is difficult to use programmed decision making processes in the work you do? The decisions you make have well-structured decision parameters The decisions you make are constantly changing with imperfect information available The decision solutions have clearly defined rules and set procedures The decisions you make are repetitive and routine
Business
1 answer:
Annette [7]3 years ago
8 0

Answer:

The correct answer is letter "B": The decisions you make are constantly changing with imperfect information available.

Explanation:

Decision-making is complicated to be made through programmed systems because there are several variables to be considered in the process. The most important is that businesses are subject to <em>changes in the market that can happen suddenly</em>, meaning what could work today might not tomorrow.  

Besides, the information entered in the system must be perfect to obtain an accurate outcome. However, decision-making is based on data that can be precise like the information portrayed in the financial books of the firm but<em> if there is a mistake committed, even if minimal, the programmed decision could fail.</em>

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3 years ago
Which of the following is an element of economic forces? a) New production forces b) Health, food, stress c) Competitors and sup
Ksju [112]

Competitors and supply chain is an element of economic forces.

<h3>What are economic forces?</h3>

Economic forces are those factors that assist a firm in terms of its competitiveness in the environment it operates.

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4 0
2 years ago
Two towns, each with three members, are deciding whether to put on a fireworks display to celebrate the new year. fireworks cost
Burka [1]
1) Town of Bayport:
We have that the residents value the fireworks at a total of 50+100+300=450$. That is the utility they gain. But they would also have to pay 360$ for the fireworks. The total outcome is 450$+(-360$)=90$. Hence, the outcome is positive and the fireworks pass the cost benefit analysis.

If the fireworks' cost is to be split equally, we have that each of the 3 residents has to pay 360/3=120$. Let us now do the cost-benefit analysis for everyone.
Jacques stands to gain 50$ from the fireworks but would have to pay 120$. He will vote against it.
Also, Kyoko will gain 100$ but would have to pay 120$. He will lose utility/money from this so he will vote against.
Musashi on the other hand, would gain 300$ and only pay 120$. He is largely  benefitted by this measure. Only he would

We have that 2 out of the 3 would vote against the fireworks, so that the fireworks will not be bought. The vote does not yield the same answer as the benefit-cost analysis.

2) Town of River Heights:

We have that the total value of the fireworks to the community is 20+140+160=320$. The total value of the fireworks is lower than their cost so their cost benefit analysis yields that they should not be bought.

However, let's see what each resident says. The cost to each resident is 360/3=120$. Rina is against the fireworks since she will only gain 20$. Sean and Yvette are for the fireworks since they gain 140$ and 160$ respectively, which are larger than the cost of the fireworks to each of them (120$). Hence, 2 will vote for the fireworks and one will vote against and fireworks will be bought.

Again, the vote clashes with the cost-benefit analysis.

3) The first choice is wrong. It is very difficult for a government to provide the exact types of public goods that everyone wants because that would be too costly; one cannot have a public good that everyone pays for so that only a couple of people enjoy it. In our example, we saw that in every case, a public good and its production would have sime supporters and some adversaries.

Majority rule is not always the most efficient way to decide public goods; as we have seen in the second case, the cost-benefit analysis yields that the fireworks are not worth it but they are approved by the majority nonetheless.

The final sentence is correct. The differing preferences of the people make a clearcut choice impossible and the government has to take into account various tradeoffs and compromises in order to determine which public goods to provide.
3 0
3 years ago
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The Larson and Gobeli study that compared projects that had been managed in a variety of structural types revealed that construc
adelina 88 [10]

Answer:

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3 0
3 years ago
National Art is a new business. During its first year of operations, credit sales were $40,000 and collections were credit sales
zmey [24]

Answer:

The ending balance of Allowance for Bad Debts account is $800

Explanation:

The computation of the ending balance of allowance for bad debt is shown below:

= Credit sales × uncollectible rate

= $40,000 × 2%

= $800

The estimated amount would be considered as an allowance for bad debts i.e $800, So no other amount would be come while computing the ending balance of Allowance for Bad Debts account.

However, the other information which is given in the question is not relevant. Hence, ignored it

6 0
3 years ago
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