<span>Adding a machine to the factory and producing another car would be the choices that decision makers could use marginal analysis to make effective decisions.</span>
Answer;
Based on Supply and demand; If a more people want a commodity, it is in greater demand, thus the price will be higher, and if less people want a commodity, the price will be lower.
Explanation;
In a market the price is determined using the law of demand and supply in that particular market. Demand is the quantity of goods that consumers are willing and able to buy at a given price while supply is the quantity supplied by suppliers at a particular price.
If a more people want a commodity, it is in greater demand, thus the price will be higher, and if less people want a commodity, the price will be lower.
Answer:
c. 21.00
Explanation:
The formula to compute the price earning ratio is shown below:
Price-earnings ratio = (Market price per share) ÷ (Earning per share)
where,
Market price per share is $105
And, the earning per share would be
= Net income ÷ weighted-average common shares outstanding
= $865,000 ÷ 173,000 shares
= $5
Now put these values to the above formula
So, the per share would equal to
= $105 ÷ $5
= 21
There are various decision making styles of managers, the 4 different kind of manager decision making styles are listed below,
1. Directive
2. Analytical
3. Conceptual
4. Behavioral
Each of these method depend on the style of manager and the situation he is facing.
The directive style decision making style is used for firm decision making, in which ideas are not appreciated by the juniors. This is an aggressive decision making style
Analytical decision making style is one which focuses on finding the best possible solution to the problems after considering all alternative solutions
Conceptual decision making style is one in which managers are achievement oriented and they wish to see brighter future.
Behavioral decision making style is one in which nature of manager is persuasive and he believes gathering ideas from colleagues before making a decision.
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