Answer:
b) Cut hours and workers in order to minimize costs
Explanation:
Rational decision making is the process by which a business manager analyses different factors and outcomes before choosing a particular line of action.
The manager will have to choose between alternative options that are available.
In the given instances only the option to cut hours and workers in a bid to reduce cost shows the manager made a decision to achieve a goal (cost reduction).
The other options do not define a clear business goal and a strategy to achieve it
Answer:
Procedural Group Norm.
Explanation:
The group norms are a set of guidelines that enables the group work according to them. These norms enables a group to work in a systemmaized manner and order.
The procedural group norms are those groups that follows the procedure of functioning. The procedural norms suggests that how a task will be carried out and what to do the next. This group consists of several procedural roles such as facilitator, recorder, etc.
The stated type of group exemplifies the 'procedural group norms.' As the guidelines are set for the group to first complete their individual tasks and then help other's who have not done their tasks.
So, the correct answer is the second option.
Answer:
Product Life Cycle Analysis
Explanation:
The correct answer is C. The United States suffered an economic downturn starting in 2009.
Explanation:
The graph shows the percentage of unemployment in the U.S. from 2006 to 2012. In this, you can see the unemployment rate was between 4% and 5% during 2006, 2007 and 2008; however, after this year the rate suddenly increased. Indeed in 2009, the rate was 6% and in 2010 it was 10%, which is evidently higher than in previous years. This situation suggests there was an economic recession or downturn that began in 2009 and continued during the following years, this explains why the number of unemployed people increased as an economical recession usually leads to fewer jobs. Thus, the most accurate statement is "The United States suffered an economic downturn starting in 2009".
Answer:
The answer is $364 (c.)
Explanation:
Non-value-added costs are extra costs incurred in the creation of a product that does not add to the value of the product and the consumers are not willing to pay for. In this example, the effective time for completing an order when functioning at maximum efficiency is 4 hours and the workers are paid $14 per hour, so the total money paid at this 4 hour period is called the value-added cost. Moreover, due to inefficiency, the time for completing an order increased to 5 hours.
Now, let us calculate the total amount spent on completing an order when one order takes 5 hours. This is done thus:
amount paid per hour × hours worked for one order × number of orders
14 × 5 × 26 = $1820. Therefore, $1820 is the total cost incurred to complete 26 orders when they were not functioning at maximum efficiency.
Next, let us calculate the total cost incurred when they functioned efficiently, and it is calculated thus:
amount paid per hour × hours worked for one order × number of orders
= 14 × 4 × 26 = $1456. This is the value-added cost.
Finally, to calculate the non-value-added cost, we will subtract the value added cost from the total cost when extra cost due to inefficiency was added.
∴ non-value-added cost = 1820 - 1456 = $364