Internal users of financial information Are those individuals involved in managing and operating the company.
Answer: Option (B) is correct.
Explanation:
Internal users are people inside the organization. Internal users of financial information are those who are directly involved in managing and operating the organization. They make use of the information to improve the efficiency and effectiveness of an organization.
Internal users consist of all managers like purchase managers, human resource managers, marketing managers, service managers, etc. it consists of employees and the owner of a concern. Internal users take various important decisions based on financial information.
The Utility Maximization rule states that as long as one good provides more utility per dollar than another, the consumer will buy more of that good.Marginal utility is t<span>he extra utility a consumer obtains from the consumption of one additional unit of a good or service. So, in our case the additional unit can be cherry or date. MUc is the marginal utility of cherry and MUd is the marginal utility of date:
MUc=2*MUd
The price of the cherries is Pc and of the dates Pd: Pc=2*Pd.
According the utility maximization: MUc/Pc=MUd/Pd
2*MUd/2*Pd=MUd/Pd
So, yes the </span><span>consumer is maximizing utility. </span>
Market Equilibrium is when the supply and demand curves intersect, the market is in equilibrium. This is where the quantity demanded and quantity supplied are equal. The corresponding price is the equilibrium price or market clearing price, the quantity is the equilibrium quantity.
it is very hard to use jt
In their chief role of decision maker or planner, operations managers exert considerable influence over the degree to which the goals and objectives of the organization are realized.
<u>Explanation:</u>
Planned decision making is one of the most vital managerial process. The steps involved in framing preparation of decision establishing are as follows,
- Exploring the decision situation
- Determining the value of the decision
- Identifying and confirming stakeholders
- Considering connected decisions
The steps included in defining success of the decision making are,
- Identifying guiding requirements
- Considering criteria categories
- Prioritizing the criteria
The following are the final steps of decision making process,
- Mapping the issues or concerns that are to relevant decisions
Planned decision making is the crucial process in every business entity. This helps in the forward movement of the business.
