Answer:
c. Allowing employees the opportunity to be a part of the budget process.
Explanation:
A budget is a plan on how a business will attain its profits objectives. It shows how a firm will allocate its scarce resources to various units to achieve its overall goals. A budget can be prepared on a bottom-up basis where each department sets its targets under the guidance of top management. The top management can also prepare the budget and pass it down to various units for implementation.
When a budget is prepared from bottom to top, employees get involved in the process. It makes them own the document and its objectives. The employees will feel motivated to work as a team to meet their targets. A budget indicates the direction where the business is heading. If employees are involved in the budgeting process, they will help management to steer the company in the intended direction.
Answer:
examine the alternatives
Explanation:
The marketing research determines how the company is going to determine the market. The segmentation process takes place in this stage. Thus, a series of alternatives are open and the marketing team must choose which ones are best fit for their goals.
Answer: D. flat, because firms are reluctant to give their current workers raises when output is so low
Explanation:
When low levels of output are being produced, the supply curve will be flatter to show that goods are not too highly priced. This is because the goods are not costing as much to make because producers are unwilling to increase the wages of their current workers with such low output. Labor costs will therefore be kept below a certain level which will keep prices low.
Answer:
A. Rely on primary sources of information and avoid secondary sources.
Explanation:
Decision means establishing a goal. A goal is a set of objective which a firm seek to achieve.
Primary sources of information are information obtained directly about people or an event. They include statistical data, accounts of eye witness, report of newspaper, speeches etc. In primary source of information, information are gotten from people who have direct contact with it.
Secondary source of information are information gotten either through interpretation or quotes . Examples include books on a topic, articles.
It is important that effective decision maker rely on primary source of information because he or she has a first hand experience or account of information on which decision will be made rather that secondary sources which rely on quotes and may sometimes be exaggerated.
Answer:
Dennis can give voice to his values in the upcoming meeting by suggesting that management does not retrench any of the low-skilled staff since employee retention is valued more than short-term profits. Again, he can suggest that instead of retrenching some employees, all employees can have their salaries reduced minimally after due consultations.
Explanation:
Since the company is still making profits, employees can be consulted and an agreement reached with management to reduce or remove some benefits during the recession. This move ensures that no employee is laid out. Retrenching employees during periods of recession always exacerbates the recessionary problems instead of resolving them.