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torisob [31]
3 years ago
13

Nstead of polling all faculty members in the business​ department, Michael wants to simply use a list of testing methodologies u

sed by professors in the group. This is an example of​ _______.
Business
2 answers:
erastovalidia [21]3 years ago
8 0

Answer:

The correct answer is: satisficing.

Explanation:

Satisficing is a term coined by American economist Herbert A. Simon (1916-2001) that is a combination of the words "<em>satisfying</em>" and "<em>sufficing</em>" and that mixed Simon used to explain that when we have to make a decision generally we do not lose much time evaluating all the possible options, instead <em>we choose the first reasonable option we find</em>.

Svetllana [295]3 years ago
3 0

Answer:

satisficing

Explanation:

Satisficing is a combination of "satisfy" and "suffice" (or enough). It refers to a situation where instead of trying to reach a completely satisfying solution, you just settle for a relatively good or a so-so solution.

Personally I believe it is something that borders mediocrity, since you should either do something right or do not do it at all. It is like doing something that might work, but not completely.

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Which one of these is the best way to prevent foreclosure? Save at least 1% of your home’s purchase price annually Refinance as
GenaCL600 [577]

Answer:

Use a budget to live within your means and build saving

Explanation:

Taking loans in engaging in capital projects are not to be discouraged,but the opinion or the fear of the masses is, if such loans could be paid back or the lender will be forced to apply foreclosure on your assets.

Through living within your means and with a healthy and well planned saving budget,all borrowed money will be definitely paid back to the lender .

4 0
3 years ago
If the government decides to build a new highway, the first step would be to conduct a study to determine the value of the proje
Nikitich [7]

Answer:

D. Cost-benefit analysis

Explanation:

Cost-benefit analysis can be defined as a strategic approach which typically involves measuring and estimating the overall cost of a project, as well as all possible profits to be derived.

This ultimately implies that, the cost-benefit analysis helps business owners or project managers to weigh the benefits associated with a particular project and how to decide on what decisions (actions) to be taken.

Hence, if the government decides to build a new highway, the first step would be to conduct a study to determine the value of the project. Therefore, this study is generally referred to as cost-benefit analysis because  involves weighing the incremental benefit against the incremental cost of a decision.

In conclusion, when individuals such as decision-makers or project manager, is implementing and executing a project, it is very essential and important that he does a cost-benefit analysis; by weighing the overall and potential benefits or gains to be derived from that project in comparison with the costs of execution. Thus, when the incremental benefits is greater than the incremental cost of the decision, then it is logical and safe to make the move or do it.

8 0
4 years ago
all of the following are examples of environmental actors in an information system except: group of answer choices sales force.
Ann [662]

All of the following are the actors that exists in the information systems except the sales force.

<h3>What is meant by environmental actors?</h3>

The environmental actors are the people or the forces that would have the roles that they have to play in the business. They are the ones that have to act as the business actors in the demand and supply and other forms of distribution in an economy.

The actors are the players that are in the business that they organization and the business are going to interact with. These are the people such as the customers, the suppliers, the shareholder, the competitors and other forces. The action of the environmental actors keeps businesses alive and are of crucial importance to any economy.

Hence we can say that All of the following are the actors that exists in the information systems except the sales force.

Read more on environmental actors here: brainly.com/question/8199939

#SPJ1

6 0
2 years ago
What are two characteristics of a commerical bank
uysha [10]
Safe place to put money. Your money if stolen is insured by the FDIC.
8 0
4 years ago
Swifty Corporation has two divisions; Sporting Goods and Sports Gear. The sales mix is 65% for Sporting Goods and 35% for Sports
Leni [432]

Answer:

$8,125,000

Explanation:

Break-even point is the level of sales on which business has no profit no loss situation. The business only covers the variable and fixed cost at this point.

Total Contribution ratio = (65% x 30%) + (35% x 50%) = 19.5% + 17.5% = 37%

Fixed cost = $4,625,000

Break-even point = Fixed cost / Contribution margin ratio = $4,625,000 / 37% = $12,500,000

Break-even Sales for Sports Division = $12,500,000 x 65% = $8,125,000

5 0
3 years ago
Read 2 more answers
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