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
4vir4ik [10]
3 years ago
5

Decision-Making Styles. When making decisions, individuals often display a personal style that reflects how they perceive what i

s happening around them and how they process information. These decision-making styles are determined by two dimensions: value orientation and tolerance for ambiguity orientation. Value orientation focuses on the individual’s concern for task and technical matters as opposed to people and social concerns. Tolerance for ambiguity orientation measures how much the person needs structure and control (a desire for low ambiguity) as opposed to being able to thrive in uncertain situations (a desire for high ambiguity). These two orientations, with their low and high dimensions, result in four styles of decision making—directive, analytical, conceptual, and behavioral:
1. Directive style Individuals with a directive style have a low tolerance for ambiguity and are oriented toward task and technical concerns in their decision making. These people tend to be efficient, logical, pragmatic, and systematic in their approach to problem solving. They also like to focus on facts and to get things done quickly. In short, they are action oriented. In addition, they tend to have a very short-run focus, like to exer- cise power, want to be in control, and display an autocratic type of leadership style.


2. Analytical style Analytical decision makers have a high tolerance for ambiguity and a strong task and technical orientation. These people like to analyze situations; in fact, they often tend to overanalyze things. They evaluate more information and alternatives than do directive decision makers. They also take a long time to make decisions, but they respond well to new or uncertain situations. They tend to be autocratic.


3. Conceptual style Decision makers with a conceptual style have a high tolerance for ambiguity and for strong people and social concerns. They take a broad perspective in solving problems, and they like to consider many options and future possibilities. These decision makers discuss things with many people in order to gather a great deal of information, and they also rely on intuition. Additionally, they are willing to take risks, and they tend to be good at discovering creative solutions to problems. At the same time, however, they can foster an idealistic and indecisive approach to decision making.


4. Behavioral style The behavioral-style decision maker is characterized by a low toler- ance for ambiguity and for strong people and social concerns. These decision makers tend to work well with others and like situations in which opinions are openly exchanged. They tend to be receptive to suggestions, supportive, and warm and prefer verbal to written information. They also tend to avoid conflict and be overly concerned with keeping everyone happy. As a result, these decision makers often have a difficult time saying no to people, and they do not like making tough decisions, especially when it will result in someone being upset with the outcome.

Style Implications. Research reveals that decision makers typically rely on two or three styles, and these will vary by occupation, job level, and culture. For example, analytical decision makers make decisions rapidly, but they also tend to be autocratic in their approach to doing things. Conceptual decision makers are innovative and willing to take risks, but they often are indecisive. These styles also help to explain why different managers will arrive at different decisions after evaluating the same information. In particular, the decision-making styles model is useful in providing insights regarding how and why people make decisions, as well as offering guidelines regarding how to deal with these decisions.

Identify four decision-making styles.
a. Which style makes decisions quickly, is innovative, takes risks, and tends to be indecisive?
b. Which style uses an open exchange of ideas, works well with others, and is receptive to suggestions?
c. Which style evaluates information, takes a long time to make decisions, and tends to be autocratic?
d. Which style is task-oriented and uses a logical, pragmatic, and systematic approach to decision making?
Business
1 answer:
Anestetic [448]3 years ago
5 0

Answer: The four decision making styles are the Directive, Analytical, Conceptual, and Behavioral styles.

Explanation:

A. The conceptual style decision makers willingly take risks, are innovative, and most times, are indecisive.

B. The Behavioral style decision makers like obtaining opinions from others, they are accommodating, and welcome suggestions from people.

C. Analytical style decision makers take a lot of time to make decisions. They over - analyze matters, consider more alternatives, and are autocratic.

D. Directive style decision makers are task oriented, logical, pragmatic in their approach to problems, and are prone to take action.

You might be interested in
Qd = 600 – 4p – 0.03M – 12 Pr + 5T + 6Pe + 1.5N Where Qd = quantity demanded for commodity A; P = price of commodity A; M = cons
NISA [10]

Answer:

A. It implies a fixed 600 units of commodity A will always be demanded without being influenced by any factor that determine the quantity demanded for good ‘A'.

B. 4. Yes.  The reason is that the price of good A is indirectly proportional to the quantity demanded for good ‘A'.

C. It implies that the quantity demanded for good ‘A' decreases by 0.03 as the consumer's income increases by $1. It is an inferior good.

d. Goods A and B are complements since the negative sign implies that the quantity demanded for good ‘A' decreases as the  price of related commodity (good ‘B') (Pr) increases. The interpretation of the the slope parameter for the price of good B is that the quantity demanded for good ‘A' decreases by 12 units as the price of related commodity (good ‘B') (Pr) increases by $1.

E. Yes, the algebraic signs on the slope parameters for T, Pe, and N are correct. The reason is that quantity demanded for good ‘A' will increase as each of T, Pe, and N increases.

f. Quantity demanded for good ‘A' is 2,374.

Explanation:

A. Interpret the intercept parameter in the generalized demand function.

In the generalized demand function, 600 represents the Interpret the intercept parameter.

This implies that 600 units is a fixed units of commodity A is demanded and this is not affected by any factors that determines the quantity demanded for good ‘A'.

Therefore, it implies 600 units of commodity A will always be demanded.

B. What is the value of the slope parameter for the price of good A? Does it have the correct algebraic sign? Why? 4. Yes since indirectly proportional.

From the generalized demand function, the value of the slope parameter for the price of good A is 4.

Yes, it has a the correct algebraic sign which is a minus sign.

The reason is that the price of good 'A' is indirectly proportional to the quantity demanded for good ‘A'.

C. Interpret the slope parameter for income for income. Is good ‘A' normal or inferior? Explain. 0.03. Since Em less than 1 it is normal goods

The slope parameter for income (M) is -0.03. This implies that the quantity demanded for good ‘A' decreases by 0.03 as the consumer's income increases by $1.

It is an inferior good because the quantity demanded for good ‘A' decreases as the consumer's income increases.

d. Are goods A and B substitutes or complements? Why? Interpret the slope parameter for the price of good B.

Since the slope parameter for price of related commodity (good ‘B') (Pr) is negative (i.e. –12), this implies that goods A and B are complements.

The negative sign implies that the quantity demanded for good ‘A' decreases as the  price of related commodity (good ‘B') (Pr) increases.

The interpretation of the the slope parameter for the price of good B is that the quantity demanded for good ‘A' decreases by 12 units as the price of related commodity (good ‘B') (Pr) increases by $1.

E. Are the algebraic signs on the slope parameters for T, Pe, and N correct? Explain

Yes, the algebraic signs on the slope parameters for T, Pe, and N are correct.

The reason is that quantity demanded for good ‘A' will increase as each of T, Pe, and N increases. This implies that there is a positive relationship between the quantity demanded for good ‘A' and each of T, Pe, and N.

f. Calculated the quantity demanded for good ‘A' when P = $15, M = $25000, Pr = $40, T = 6.5, Pe = $5.25 and N = 2000?

Given;

Qd = 600 – 4p – 0.03M – 12 Pr + 5T + 6Pe + 1.5N ............... (1)

Each of the value is then substituted into equation (1) and we then calculate as follows:

Qd = 600 - (4 * 15) - (0.03 * 25000) - (12 * 40) + (5 * 6.5) + (6 * 5.25) + (1.5 * 2000)

Qd = 2,374

5 0
3 years ago
Sawyer Manufacturing Corporation uses a predetermined overhead rate based on direct labor-hours to apply manufacturing overhead
kupik [55]

Answer:

Underapplied Manufacturing Overhead $23,000

Explanation:

Sawyer Manufacturing Corporation

Predetermined overhead rate = Estimated total manufacturing overhead cost ÷ Estimated total amount of the allocation base

= $300,000 ÷ 52,000 direct labor hours

= 5.7 Approximately $6 per direct labor-hour

Overhead over or underapplied Actual MOH

= 365,000

Applied MOH = $6 x 57000 = $342,000

Underapplied Manufacturing Overhead = 365,000-342,000 = 23,000

Therefore The Corporation's applied manufacturing overhead cost for the year was $23,000

8 0
3 years ago
Ray's Pizzeria is considering the addition of a 5th worker if this increases profit. Pizza sales increased from 300 per day to 3
Anika [276]

Answer:

60 pizzas

40 pizzas

Explanation:

Marginal product measures the change in output as a result of a change in input by one unit

Marginal product = change in output / change in input

Marginal product for the 4th worker

Change in output = 360 - 300 = 60 pizzas

Change in input = 4 - 3 = 1 worker

Marginal product = 60 / 1 = 60

Marginal product for the 5th worker

Change in output = 400 - 360 = 40 pizzas

Change in input = 5 - 4 = 1

Marginal product = 40 / 1 = 40

It can be seen that marginal product decreased from 60 to 40 when the 5th worker was added. This illustrates diminishing marginal returns.

The law of diminishing returns says as more units of a variable input is added to a fixed income of production, output might increase at a point but after some time total output would increase at a decreasing rate and marginal product would be decreasing.

6 0
3 years ago
Comfort Cords produces curtain cords. In the process of manufacturing those cords, it also produces hair ties which are sold sep
hoa [83]

Answer:

$609,000

Explanation:

The revenue in June for  Comfort Cords is the sum of the revenue from cords and hair ties.

The revenue from each is the product of the unit selling price and the quantity sold.

= 50000 * $12 + 9000 * $1

= $600,000 + $9000

= $609,000

3 0
4 years ago
Happy Maids cleans commercial buildings. In March, Happy Maids started and completed two jobs, Job 1000 and Job 1001. The job co
vodomira [7]

Answer:

C :Job 1000, $1,860; Job 1001, $3,100

Explanation:

The computation of the total cost is shown below:

For Job 1000:

= Direct materials + Direct labor hours × wage rate per hour × Direct labor hours × overhead rate per hour

= $1,200 + 30 × $15 + 30 × $7

= $1,200 + $450 + $210

= $1,860

For Job 1001:

= Direct materials + Direct labor hours × wage rate per hour × Direct labor hours × overhead rate per hour

= $2,000 + 50 × $15 + 50 × $7

= $2,000 + $750 + $350

= $3,100

5 0
3 years ago
Other questions:
  • The last element of a formal business letter should be the salutation followed by your signature.
    5·1 answer
  • A #10 can yields 120 oz. of pineapple. they plan to give each guest an 8-oz. portion. they estimate there will be 240 guests. ho
    12·1 answer
  • Teller Co. is planning to sell 900 boxes of ceramic tile, with production estimated at 870 boxes during May. Each box of tile re
    9·1 answer
  • Hector has a favorite Mexican fast food restaurant he likes to go to for chicken burritos. He will drive ten miles to the locati
    14·1 answer
  • Economies of scale arise when a. an economy is self-sufficient in production. b. individuals in a society are self-sufficient. c
    10·1 answer
  • If I loan you money for your business, what type of financing am I offering you? a. Equity Capital b. Equity Financing c. Annual
    10·2 answers
  • explain the correlation between human capital education and income and how will this influence your career choice
    11·1 answer
  • The June 1 work in process inventory consisted of 5,000 units with $16,000 in materials cost and $12,000 in conversion cost. The
    14·1 answer
  • Sheridan Company produces flash drives for computers, which it sells for $12 each. Each flash drive costs $9 of variable costs t
    5·1 answer
  • Dressing a grinding wheel is defined as
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!