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exis [7]
3 years ago
8

The final step in the decision-making process requires that mangers: a.select from a set of potential alternatives. b.identify t

he alternatives to address a problem. c.evaluate the effectiveness of their decision. d.recognize and define a decision situation.
Business
1 answer:
nasty-shy [4]3 years ago
3 0

Answer:

c.evaluate the effectiveness of their decision.

Explanation:

Evaluation of outcomes or results of decision made is a very important final step in the decision making process. Lessons can be learnt on how to make processes better in the future. If the outcome is not favourable it is an indicator that another approach should be formulated to solve the problem.

The steps in manager's decision making are:

-Identify the problem

-Seek information

-Brainstorm solutions

-Weigh alternatives

-Choose alternative

-Implement plan

-Evaluate effectiveness of decision

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Assume that we have the following data:
tankabanditka [31]

Answer:

Answer explained below

Explanation:

(1)

IS Model:

Y = C + I + G + X - M

Y = 100 + 0.5Y + 100 - 20r [G = X = M = 0]

(1 - 0.5)Y = 200 - 20r

0.5Y = 200 - 20r

Y = 400 - 40r ......(1) [IS Equation]

LM Model:

Money demand (Speculative + Transactions demand) = Money supply

100 - 10r + 0.1Y = 80

0.1Y = 10r - 20

Y = 100r - 200 .....(2) [LM Equation]

(2) When IS & LM intersect, from part (1):

400 - 40r = 100r - 200

140r = 600

r = 4.29

Y = 100r - 200 = (100 x 4.29) - 200 = 429 - 200 = 229

(3)

There will be four regions as explained below:

In region I, there is excess supply in both goods and money market, which puts downward pressure on both interest rate and output.

In region II, there is excess demand in goods market, but excess supply in money market, which puts upward pressure on output & downward pressure on interest rate.

In region III, there is excess demand in both goods and money market, which puts upward pressure on both interest rate and output.

In region IV, there is excess supply in goods market, but excess demand in money market, which puts downward pressure on output & upward pressure on interest rate.

7 0
3 years ago
The _____ tax rate is the percentage of additional earnings that goes to taxes.
blagie [28]
The MARGINAL tax rate is the percentage of additional earnings that goes to taxes.

Marginal tax rate stands for the amount of tax paid on any additional income. It is based on progressive tax system that increases with the increase of an individual's income. Thus, it varis with the income of an individual.
7 0
3 years ago
What factors under the control of owners and managers make a firm successful and allow it to earn economic​ profits?
mafiozo [28]

Answer: E. The firm's ability to differentiate its product

Explanation:

The factor under the control of owners and managers that make a firm successful and allow it to earn economic​ profits is the firm's ability to differentiate its product.

Product Differentiation has to do with making a product unique from that of its rivals so that it'll be attractive to the customers and the target market. This will slow be vital for the company to produce at a average cost that is lower than that of its competing firms. This will help the company to have a competitive edge over others.

8 0
2 years ago
Vinson Company purchased a patent for $180,000 at the beginning of Year8, and estimated that its expected useful life was 5 year
Alona [7]

Answer:

amortization expense is $36000

Explanation:

given data

purchased = $180000

time = 5 year

to find out

amount recorded as amortization expense

solution

we know here purchased  patent  for 180000 and here life is 5 years

so here

amortization expense will be purchased / time

amortization expense =  purchased / time

amortization expense = 180000 / 5

so amortization expense is $36000

6 0
3 years ago
Informal peacemaking and mediation are characterized on the continuum as having __________ personal control by disputants, where
Elena-2011 [213]

Answer:

high; low.

Explanation:

A conflict can be defined as any form of disagreement that arises between two or more parties due to opposing views, opinions, or incompatibility.

CALM is a 4-step process for addressing and defusing conflict.

These four step process for conflict resolution or defusing conflicts includes;

I. Clarify (C): this involves finding out more information about what caused the conflict.

II. Ask (A): you should ask the opposing party about the issues while being polite.

III. Listen (L): listen attentively to get more information.

IV. Move forward (M): do not dwell on the past issue after they have been resolved.

Mediation can be defined as an alternative dispute resolution (ADR) approach which involves an impartial and neutral third party who is saddled with the responsibility of proposing a solution to conflict between two or more parties.

Basically, a mediator is a professional trained in conflict or dispute resolution through the use of effective negotiation techniques and communication strategies. Thus, a neutral third party such as a mediator or negotiator from outside an organization or group, who will hear a conflict case via a nonbinding process should be availed the opportunity to make peace between two or more disagreeing parties.

Generally, the disputants (disagreeing parties) generally have a low personal control over an arbitration and litigation while during an informal peacemaking and mediation process, there is a high level of personal control by disputants on the continuum.

3 0
3 years ago
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