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Oduvanchick [21]
4 years ago
12

According to the decision-making model, when considering the pros/cons of each option, it is important to consider:

Business
2 answers:
NISA [10]4 years ago
6 0

Answer:

Decision making is one of the things needed to be thoroughly and carefully analyzed before an option is picked.

It is always necessary to think before acting and not act before thinking.The individual should be able to identify the main problems, note them down and work towards solving it or making choices that align with the required specifications of the item in question.

Thorough researches and first hand testimonies from experienced individuals should also be taken seriously. After the careful analysis, a planned set of solution should be worked on too to give the best output.

IrinaK [193]4 years ago
3 0

Answer:

It is important to consider following point:

1. Intuition thinking

2. Rational thinking

Explanation:

In intuition thinking, manager take decision according to his intuition.He didn't bother about the information or anything else. He only consider the point which he feels is right. Because of less information ,he do not poses any knowledge about the consequences. He do not search for the best solution but only the good enough solution. He interpret the organisational goal in his own way. but it is not the right way to take any decision and it will lead to improper and bad decision .

In rational thinking, manager will do the proper research of everything. He consider each and every point very perfectly. Firstly he define the problem properly so that he must have proper knowledge of problem if have.

He do proper analyse of the problem. He collect all the information and all the date . he search for different alternatives and after that he evaluate them and select the best one and implement that .

This is the proper way of taking decision.

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During recessions investment
Elis [28]

During recessions investment  falls by a smaller percentage than GDP.

Answer: Option B

<u>Explanation:</u>

GDP is the gross domestic product of the country which talks about the growth rate of the country. During the time of recession in the trade cycle, the GDP of a country falls down.

The recession also sees the falling down of the demand, income, investment and so on. But during the time of recession, the fall in investment by the citizens of the country in various assets is less than the fall in the GDP of the country.

3 0
3 years ago
Based on this model, households earn income when (household/firms) purchase (factors/goods and services) in factor markets.
aalyn [17]

The model shows that households earn money when <u>Firms </u>purchase <u>Factors </u>in factor markets.

<h3>Interaction between the Household and a Firm </h3>
  • Households buy goods from firms thereby passing income to firms.
  • Firms buy labor from households.

Households therefore earn an income when firms decide to go to the factor market and buy a factor such as labor from households.

In conclusions, households and firms are interconnected.

Find out more on this interaction at brainly.com/question/1433471.

5 0
3 years ago
The Richmond Corporation uses the weighted-average method in its process costing system. The company has only a single processin
Digiron [165]

Answer:

$95,400

Explanation:

Step 1 : Find  the equivalent units of production in Ending Work in Progress

Materials = 18,000 x 100 % = 18,000 units

Conversion costs = 18,000 x 60 % = 10,800 units

Step 2 : Calculate the Cost of units in Ending Work in Progress

Cost of units in Ending Work in Progress = 18,000 x $2.75 + 10,800 x $4.25

                                                                    = $95,400

Conclusion :

The ending work in process inventory was $95,400.

3 0
3 years ago
Sending the product out to test families is a form of rev: 01_09_2015_QC_CS-37293 Multiple Choice idea generation. market testin
Pavlova-9 [17]

Answer: Market testing

Explanation:

Market Testing a very important part of the product development and marketing process. It helps a company find out what its potential market thinks of a certain product before it is released in full so that a company will know whether to release it in full or tweak some aspects that are problematic.

Market testing therefore involves sending samples of the new product to various types of customers who are potentials to enable them assess the product. Th product might be garnered towards serving families so it was sent to families as a form of market testing.

5 0
3 years ago
Sally agrees to roof a house for Bob.After doing his research,Bob chooses Sally based on her great reputation for being conscien
lord [1]

Answer:

B) They are employees.

Explanation:

They work for Sally. Sally hired Truly, Glen and Fred and pays them an hourly wage, and provides the tools that they use to perform their work. She also supervises and directs their job. They are not independent contractors due to the direct relation that exists between them and the fact that they obey Sally's orders.

7 0
3 years ago
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